Coaching VS Therapy

I am often asked about the differences between coaching and therapy. I imagine that each coach and therapist would answer this question somewhat differently depending upon their approach and background. As a psychologist, researcher and business professional here is my answer to that very good question- from my perspective as a life coach.

Life Coaching
Foundation
o Goals and actions oriented
Frequency
o Daily, weekly or monthly
Focus
o Planned course of actions and steps
Duration
o Determined amount of time (average 3-6 months)
Approach
o Actions and mindset review
Location
o Flexible location or via telephone


Therapy
Foundation
o Thoughts and feelings oriented
Frequency
o Weekly, biweekly or Monthly
Focus
o Fluid and flexible sessions
Duration
o Long-term
Approach
o Varies, may involve medications
Location
o Therapist office appointments

Can you have both?
Yes, I sometimes work with clients who are already working with a therapist. Often these relationships are on-going and long-standing. Their bond and working relationship has developed to focus on various areas of their lives- typically from the angle of exploring their thoughts and feelings. My work is not meant in any way to interfere with that relationship or the progress taking place. In fact, coaching is meant to further develop the client’s progress and success by working with them on a step-by-step action plan to get them toward specific goal achievement. Doing so may require an interdisciplinary approach which could include both a therapist and a coach.

Income Tax Checks are Coming! What will you do?

I was commenting to my boyfriend that I was surprised that someone who avoided spending money for the last 6 months was all of a sudden eager to do so (almost on fire to do so). I was perplexed at their sudden change of heart. He reminded me that it was income tax time and people are getting their checks. Oh, thats right. That short dialogue dictates this blogging moment.

As your refund check is being processed you are likely to have a few ideas as to how you'll spend it. Likely answers include a vacation, home improvement or paying off debt. Perhaps a hybrid of the three.

Where do YOU factor into your refund?

I suppose the vacation is for YOU and those you love. A well-earned treat to yourself to receive a little R & R. Thats good, although temporary and short-lived. You'll have the pictures.

A home improvement is a good idea. After all, you live there. You should be happy in your home. You spend a few hours a day there (after you subtract your commute, work hours, etc...). And, this is an investment in the property. Hopefully the market will turn for sellers when you are ready to sell and make good on your investment.

Paying off debt is a necessity. Most of us have it. And, our financial advisors (which I recommend everyone have) help us to see smart ways to pay it all off in a reasonable time period. But, while you are paying that off are you racking up more? (for another blog I suppose) Although paying down debt is an investment in self, in some way, its still not in line with what I'm going to advocate you do with your refund, or part of it anyhow.

Conventionally we know that we can spend 2.5 times our income on our home purchase; 25% of our monthly salary on our home and home related costs; 2 times our monthly salaries on engagement rings for the person we love; and give at least 10% (in love) to our church. So, how do we know how much to invest in ourselves? Who is supposed to tell us that? I will.

Quote me on this if you like.

I firmly believe you need to spend at least 15% of your salary on YOURSELF. This includes a gym membership (and you need to go), education (of any type- just learn something), health and wellness benefits (such as massage and nutrition), and self improvement (surprise, like coaching or reading a great book a month- and applying its lessons).

A recent Pittsburgh Business Times article noted that for every $1 invested by companies in employee wellness programs, they received $1.85 back in benefits (and the absence of lost work hours/days). By investing in yourself you'll enjoy your vacations and home more, earn more money and reduce your debt in smart ways.

Let me give you an example. When my wallet is tight I hit the gym more. Why? Because I'm paying for my membership whether I go or not. I may as well go. Going to the gym helps me to look and feel better. When my confidence is boosted and my stress is down I earn more money because I'm more attractive to prospective clients. We all win when I take care of myself.

The worst thing you can do for yourself is cut back on YOUR allowance when things get challenging. You have to ensure YOU are putting your best self forward to handle all of the other things. To do that you have to be in top shape (mind, body and soul).

So, when that check comes in, I challenge you to dedicate at least 15% of it to yourself. Take a class, join a gym, take a meditative retreat, join a book club- get a coach!