Having multiple income streams can help provide additional savings for you to invest. It also serves as a safety net when unexpected situations occur in life. As part of an ongoing goal to help you develop financial security for your future, I will occasionally review ideas for using your talents to build income streams for yourself.

Do you like helping others reach their goals? Do you enjoy motivating and inspiring individuals to succeed in life? If so, have you ever considered becoming a Life Coach?

My goal in this article is to review opportunities for how to become a professional Life Coach and help others while providing an additional source of income for yourself.

We will discuss the following information:

• What is a Life Coach
• The benefits of being a Life Coach
• The different types of Life Coaches
• How to get started

This post contains affiliate links, which means I may receive a small commission if you make a purchase.

Now, let’s take a look at becoming a life coach.

What is a Life Coach

A Life Coach is a person who discusses your goals with you and helps you develop a plan of action to achieve these goals. For example, they may assist you with a goal to improve a specific skill set you have been struggling with or help you modify your behavior to improve in a particular area.

Now, with that said, a Life Coach is not a therapist. So they do not try to analyze or discuss the “why” or the reason you have a particular behavior.

A Life Coach is there to help with the “how” in moving forward when you may have been stuck.

The benefits of being a Life Coach

During my career, I have worked with many individuals who had an exceptional ability to help others. Usually, these individuals would be the go-to person, that employee who knew their job inside and out. They could teach others how to perform job tasks the person had been struggling with.

Also, I have met individuals who have faced unusual battles in their life, physical, mental, or even with their health. However, these individuals overcame these battles and inspired others to do the same. This is very rewarding because you can make a difference in a person’s life by using your life experience to help someone else navigate through similar challenges you have faced.

If you have this skillset and passion for helping others, this would be an excellent opportunity to transfer those skills into an additional income stream for yourself by becoming a life coach.

The different types of Life Coaches

Many different types of Life Coaches encompass a wide range of specialties. Here are some examples:

• Life Coaching
• Relationship Coaching
• Transition Coaching 
• Group Coaching
• Couples Coaching
• Parents & Teens Coaching
• Health & Wellness Coaching
• Sports Performance Coaching
• Small Business & Professional Coaching

As you can see, there are many areas to work in the Life Coach profession. This is worth exploring if you have a passion or desire to help others fulfill their potential.

How to get started as a Life Coach

A great way to begin becoming a Life Coach is to discuss it with a team of experts who can provide solutions on what training program is suitable for you and your goals.

Allow iPEC (Institute for Professional Excellence in Coaching) to discuss how they can help you along this path and answer questions to get started.

They provide options for becoming a certified Life Coach and training programs to help you build a foundation to start your career or business as a Life Coach.

Conclusion

In conclusion, we have discussed becoming a Life Coach as a potential opportunity for starting a business or developing an extra income stream.   We reviewed what a Life Coach is, the benefits of becoming a life coach, examples of different types of Life Coaches, and how to get started.

If becoming a Life Coach is your goal, please share your story and interest in wanting to help others. As always, I value your feedback and questions.

I will continue to share ideas that help you develop additional income streams for yourself.