In this interview with Dr. Ronda Stinson Boyd, we delved into her strategies for staying abreast of the latest trends and developments in the coaching industry. With a focus on financial services, particularly infinite banking, Dr. Boyd shared her dedication to continuous insurance training and extensive reading to ensure she provides the best guidance to her clients. Guided by multiple coaches across various industries, including insurance and authorship, Dr. Boyd emphasized the importance of mentorship in effective coaching.
Addressing skepticism about coaching benefits and investments, Dr. Boyd highlighted the misconception of self-sufficiency and the transformative role coaches play in unlocking one’s full potential. Drawing from personal experience, she underscored the multidisciplinary support essential for navigating life’s challenges.
Dr. Boyd’s coaching philosophy centers on innovation and inclusivity. By incorporating clients’ children into the coaching process, she facilitates shared learning experiences, nurturing future generations. Her commitment to empowering clients extends to patiently guiding them through gradual adoption of new practices, ensuring lasting transformation.
Reflecting on her journey as an author, Dr. Boyd emphasized the familial approach to coaching, recognizing the importance of involving children in the learning process. Envisioning the future, she aims to expand her reach across generations, empowering families nationwide with financial literacy and strategic guidance.
Inspired by a desire to break cycles of financial stagnation, Dr. Boyd’s coaching practice focuses on instilling a mindset of abundance and equipping clients with practical tools for wealth creation. Through her holistic approach, she seeks to empower individuals to transcend financial constraints and leave a legacy of prosperity for future generations.
How do you stay up-to-date with the latest trends and developments in the coaching industry to ensure your clients receive the best guidance possible?
Staying up-to-date with the latest trends and developments in the coaching industry is crucial, especially since my coaching focuses on financial services, particularly infinite banking, which is an insurance product. I have continuous insurance training as an insurance professional. Additionally, I read extensively—there are some excellent books on infinite banking available. Regarding the coaching aspect, I am guided by multiple coaches: one within the insurance industry and another in the author industry. In fact, I have three coaches. For the author and speaker part of my brand, I am a part of Taurea Vision Avant Mastermind in the Book Profits Club, which is a strategic vision of growth. For the mindset aspect of my business, I am under the mentorship of Mary Morrissey with the Brave Thinking Institute. The objective here is to enable everyone to live lives they love. In the insurance sector of my business, my business partner and coach is Dr. Vernaka Murphy, who keeps me informed about all things insurance. Part of being an effective coach involves having mentors ourselves. Just as advisors benefit from guidance, I believe everyone in every industry needs a mentor—someone who has achieved success and can share their wisdom. Being in the right place at the right time means that the right person will find you. Thus, it’s essential to ensure you’re fulfilling your calling so that those meant to help you can indeed find you.
Many people are hesitant to seek coaching. What would you say to those who are skeptical about its benefits and the investment required?
Many people are hesitant to seek coaching, often questioning its benefits and the investment it demands. A common misconception is the belief in self-sufficiency, that one can achieve everything alone. However, it’s important to understand that we are not meant to traverse life’s challenges in isolation. The skills and talents we possess are not solely for our benefit; they’re meant to be shared with and complemented by others. Therefore, seeking a coach is not a sign of weakness but a step toward realizing our full potential. Each individual can find a coach uniquely suited to their needs, but it’s crucial to connect with someone who can elevate you to the next level. This doesn’t mean you’ll be tied to the same coach throughout your life; as you progress, your needs will evolve, necessitating a change in guidance. A proficient coach not only sees beyond the immediate turmoil of your life but also identifies and cultivates your potential. Often, they start with addressing your mindset, challenging long-held beliefs to uncover the root causes of certain behaviors. This is crucial because changing patterns ingrained over decades requires significant effort and time. Reflecting on my personal experience, leaving the corporate world after 30 years to start my own business warranted the support of multiple coaches. Initially, a therapist helped me transition out of my corporate mindset. Following that, a business coach organized my myriad ideas into a coherent plan. Finally, a legal advisor ensured that my venture complied with all necessary regulations. This multidisciplinary team was instrumental in my journey, illustrating that coaching transcends mere advice—it’s about building a supportive ecosystem around you. Coaching involves an investment, not just financially but in terms of time and openness to share your aspirations with someone who can guide you towards achieving them. The benefits, however, far outweigh the costs. With a coach, you gain a cheerleader, motivator, and educator—all roles aimed at keeping you focused amidst life’s distractions. The right coach feels like an extension of yourself; there’s a synergy and understanding that fosters remarkable growth. In conclusion, coaching is an invaluable resource for anyone looking to not just dream but to actualize those dreams into tangible successes.
In your opinion, what are the essential qualities or characteristics that make a successful coach, and how do you nurture these traits in yourself and your clients?
In my opinion, the qualities that contribute to my success as a coach include the innovative approach of incorporating students—the children of my clients—into the coaching platform. This methodology offers a unique value proposition; I am effectively coaching two generations simultaneously. My belief is grounded in the principle that learning through teaching is one of the most effective ways to internalize new concepts. Thus, I position myself as an application coach, emphasizing actionable activities rather than merely dispensing advice. This approach allows my clients and their children to partake in a shared learning experience. To nurture these traits in myself, I ensure that I practice what I preach. I have grandchildren, and I engage with them in the same manner as I advise my clients, thus taking on the dual role of coach and client. This hands-on approach helps me pass valuable lessons down to yet another generation. When it comes to nurturing these traits in my clients, patience is key. I understand that adopting new practices can be daunting, especially when they diverge from one’s regular routines. Therefore, I introduce concepts gradually, breaking them down into manageable, digestible segments. This method eases clients into the process, making it less overwhelming. Patience and understanding are fundamental, recognizing that although my clients may be familiar with these concepts theoretically, applying them in everyday life is a whole different challenge.
How has your experience as an author influenced your coaching techniques and strategies?
My experience as an author has significantly influenced my coaching techniques and strategies. The author’s journey has truly transformed my thought process regarding my coaching. Originally, my coaching practice was aimed solely at adults and parents. However, as I began writing my book, I realized that it needed to be a family affair. This recognition led me to broaden my approach, ensuring that my coaching techniques and strategies targeted not just the parents but also included the children. This inclusive approach helps children understand what is happening, which is crucial for passing knowledge to the next generation. Although I may initially engage with a parent, my ultimate goal is to ensure that their children comprehend the process they are undergoing. Part of my strategy involves assigning activities that parents and children can do together. Even if I don’t have direct contact with the students, the assignments I provide ensure that parents involve their children. For example, part of their homework might be, “This week, you need to do this activity with your child.” This method strengthens the familial bond and ensures that the lessons learned during coaching sessions have a lasting impact on both generations.
What do you envision for the future of your coaching business, and how do you plan to evolve and adapt to changing market demands?
Envisioning the future of my coaching business involves touching generations within families across the United States. It may start with the parents, but the goal is to eventually involve their children, making my coaching business truly a family affair. To remain effective and relevant, my plans include staying abreast of the latest trends and markets in financial literacy and other pertinent topics to help families. It’s essential for me to proactively inform my clients about changes and effective strategies in the marketplace. While the concept of infinite banking, which is a core part of what I do, has been around for a long time, its benefits have not been widely communicated in many communities. Therefore, my goal is to ensure that communities are informed and remain up-to-date as new developments arise and as market demands shift. With the anticipated market changes and the growing demand, I foresee an expansion of my team. My aim is to empower others to enter this space and teach, as imparting knowledge is one of the best ways to learn.
What inspired you to start your coaching business, and what specific areas do you focus on in your coaching practice?
What inspired my coaching business was the realization that there are not many financial coaches out there, and I was tired of seeing people trapped in the same life cycle as their parents, not believing they could become millionaires or leave generational wealth. People weren’t talking about debt or investing, yet you could see the burden of it all weighing on them, and life just kept moving without change. This was an opportunity for me to step into a space where it’s not widely discussed, but where there’s a clear need for help. One of my biggest inspirations is my grandchildren. The idea that you should leave generational wealth for your children’s children is something I hold dear, and with five grandkids, I know my family is in a better place. However, how long can this last if we’re not teaching them financial literacy, or teaching others the same? My specific approach always starts with the mindset surrounding the emotional aspect of money and how it influences our thoughts and day-to-day life. Then, I provide the tools necessary for getting out of debt and building wealth simultaneously.
Contact Dr Ronda Stinson Boyd Today
Phone: +18032385839
Email: flowwithronda@gmail.com
Instagram: www.Instagram.com/rondastinsonboyd
www.bankonyourselfebook.com
