A Day In The Life Of A Financial Coach

What does your day look like? Canstar caught up with Senior Financial Coach and Partner at Sydney Financial Planning, Michal Bodi, to find out what a typical day looks like – and what drives his success.  

What time does your day start, and how does it start?

My day starts at 5.30 am. I prefer to get up earlier and take my time to plan the day out when it’s quiet.

By the time I get out of the shower and have my breakfast, my mind is running thousand miles an hour and I’d have already gone through my emails and short list of my priorities. It’s like I’m on an autopilot. Then it’s the family brekkie time (which is important to us to have together) and I aim to be out the door before 7 am.

How do you get to work?

I drive most days, listening to audiobooks. It takes me about an hour to get to my office in Sydney traffic and it gives me plenty of ‘me’ time. Generally I’m at my desk by around 8.15 am.

I plan to start taking public transport more often though. There’s so much I can do in those extra two hours per day if I don’t have to concentrate on driving. Either that or maybe I just buy one of those self-driving cars.

What would a “typical” day look like for you?

I’ve figured out that being a coach to my clients, the biggest value they will ever get out of our relationship is talking to me and seeing me face to face. That’s why I plan my days around seeing my clients and talking to potential clients who may be ready to come on board.

I start my day going through the list of tasks I prepared for myself at the end of the day before. It helps me be more efficient and not get lost in my emails.

Then it’s a quick catch up with my support team to check everything is running as per schedule and I begin my client meetings. The first client session usually starts around 9.30 and I spend around 45 minutes at the end of each one for notes.

Friday is my non-client facing day. It’s when I invest my time to meet with other professionals, for professional development and for writing.

You have been through the GFC – how did it affect your investment outlook?

It has only re-confirmed my beliefs and the timeless investment principles I teach. It’s natural that people feel concerned and scared during market downturns like the GFC. However, it’s always more a confidence crisis than anything else. Fundamentally, things hardly change. These corrections are temporary and organic. They have to happen and proper investors can take a great advantage of them – as long as they have access to great advice and coaching focused on their investment behaviour and their long term life goals.

What makes you really passionate about finance?

The benefits of financial coaching and the possibilities it creates. It may sound weird but what I do has very little to do with money. It has everything to do with our lives, dreams, finding happiness. And forget about what they say, it can be achieved via introduction of mindful money habits based on our values. Having more money doesn’t make us happy, spending it better can.

Watching my clients going through our program and seeing the improvements in their money choices makes me feel very proud.

Is there any one finance attitude that you wish you could tell everyone to foster?

Our behaviour, or how we act or react when it comes to using money and investing it, is what determines the real outcomes, for the real people, in the real life. Not great investments, not great mortgage rates, not great strategies.

It’s something we don’t learn about at schools (not that we learn anything practical about money at schools) but it’s what makes all the difference.

We are our own enemies when managing money and that’s the main reason why we need a third party perspective. Somebody not emotionally involved in our decisions.

But there’s more to this great truth. From all the variables impacting our future financial outcomes, it’s only our behaviour we can fully control and manage and which we can train people to be aware of.

I have dedicated my career to help it to be widely recognised one day. That way we can spend less time talking about products and more time talking about how to use them better. Which will eventually lead to more people seeking professional coaching

Your idea of a great holiday?

Creating memorable moments with people I love.  

Hobbies?

Creative industries.

Did you make any New Year resolutions?

To start going to gym again.

Life hack?

Procrastination is a real problem for most people. So my three tips come from my personal experience, something that always helps me get things done:

  1. Don’t think – we tend to overthink things. Often it’s just a matter of starting and working out details later.
  2. Create external tension – if we tell other people and make our plans ‘official’, we subconsciously create a guilt trip if we stop.
  3. Start for 10 – start doing it for just ten minutes. Once the time is over we tend to continue as we already created a momentum.

Michal Bodi is Partner at Sydney Financial Planning. Read more about Michal here.

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