Coach Andrea's Coaching Tip of the Week
Coach Andrea's Coaching Tip of the Week )
  December 3, 2004 
Contents In This Issue
    Raising Your Money Quotient: Keys to REAL Financial Savvy?
    by Dianne Webster

  • Brought to you by Andrea Novakowski, MCC
    Focusing your vision, achieving results

    Business and Personal Coaching for Corporations, Businesses and Individuals


    "Knowledge comes, but wisdom lingers."

    -- Alfred Lord Tennyson

    Raising Your Money Quotient: Keys to REAL Financial Savvy?
    by Dianne Webster

    Do you know someone who is really smart, but has trouble when it comes to money? These individuals are likely to be successful in other endeavors, but their financial lives are out of kilter. Here are a few examples:

    -- Three years ago, John received a large inheritance from his grandmother. If well managed, her generous gift could provide John financial security for the rest of his life. However, he feels anything but secure. The responsibility of financial stewardship has challenged his self-confidence and triggered anxiety attacks and depression.

    -- Tim wants to micro-manange the family budget and it is driving Karen crazy. They have been married five years, and Tim's attention to their money matters is becoming increasingly obsessive. To assert her independence in this relationship, Karen frequently goes on shopping sprees.

    -- Single and fifty years old, Linda finds financial matters to be boring and confusing. Her father, who is retired and has time on his hands, is all too eager to relieve Linda of any task she finds onerous. He oversees all of her accounts and makes all her investment decisions for her.

    -- Ken checks the market several times a day. On down days, he is filled with anxiety about his shrinking retirement nest egg. Recently, after several days of steady declines, the Dow precipitously dropped another 300 points. Ken immediately called his broker and demanded that she sell every one of his investments and put the proceeds into a money market.

    As these examples illustrate, financial wellness is not dependent on how much money you have, but on how well you integrate money into all areas of your life. Clearly, money can't buy happiness, but it is important for you to understand how your money beliefs and attitudes can affect the quality of your life and relationships.

    Without a doubt, learning the basics of money management and financial planning will increase your confidence and equip you to make good financial decisions. In addition, understanding the underlying emotional motivators of your financial attitudes and behavior will give you the extra edge you'll need to achieve your life goals.

    When you have a high "M.Q." or "Money Quotient," you earn, spend, and invest your money in ways that are smart and also compatible with your underlying values and priorities. You enjoy a sense of satisfaction and purpose with respect to your money. Your financial life could be represented by this simple formula (assuming for the moment that your intelligence applies to personal finances only):

    I.Q. + E.Q. = M.Q.

    Financial Knowledge + Emotional Intelligence = Financial Well-Being

    Money Quotient (M.Q.) is a measure of your financial well-being and represents a composite of both your practical knowledge and emotional awareness in regard to money. It has five building blocks:

    Recognition: understanding the roles of practical knowledge and emotional awareness in achieving financial well-being.

    Resilience: your ability to navigate transitions and to bounce back from financial setbacks.

    Resourcefulness: your motivation and ability to maximize resources for achieving financial well-being and life satisfaction.

    Relationships: connections with others that affect your financial well-being and life satisfaction.

    Wisdom: linking financial goals to your values and priorities in life.

    Integrating all five building blocks will help you shift from using your net worth as a picture of your financial health to a more holistic approach that focuses on "true wealth."

    Dianne Webster, CFP is president of Integrated Financial Strategies of Amesbury, MA. Securities offered through Commonwealth Financial Network, Member NASD, SIPC.


    If you are ready to raise your Money Quotient, contact Dianne Webster at, or by calling 866-661-9066, and request the Money Quotient Self-Assessment. The assessment allows you to tally your score for each building block and derive an overall M.Q. score. After completing the assessment, Dianne will offer you a series of discussions and exercises to "raise your M.Q." and increase your financial well-being.


    Purchase Holiday Gifts on through Self-Esteem Boston's website!

    If you plan to purchase Holiday Gifts through, you can help Self Esteem Boston at the same time by accessing through Self Esteem Boston's website. By doing this, Self Esteem Boston will get a small percentage of the purchase from

    Go to and then use the link. This will help thousands of women and men in emergency shelters, recovery programs and substance abuse recovery programs by ensuring that they have access to Self Esteem Boston's weekly self-esteem based life skills programs.


    Coach Andrea's Coaching Tip of the Week is brought to you by Andrea Novakowski, Master Certified Coach who provides Business and Personal Coaching to Corporations, Businesses, and Individuals. Andrea is a professional coach who partners with people to set goals and create momentum to produce effective results in their business and/or personal lives.

    Andrea is available for individual coaching. If you are serious about reaching your goals and living with greater fulfillment and satisfaction, consider using a coach. To schedule a COMPLIMENTARY initial consultation, send an e-mail to Andrea at


    Please feel free to pass on Coach Andrea's Coaching Tip of the Week to your friends and colleagues. To subscribe, click the "Subscribe" button below. You may also subscribe at

    We never send unsolicited e-mail. If you have received this message and you did not subscribe yourself or you wish to unsubscribe your e-mail address from the list, please click the link below. You may also unsubscribe at

    If you need to get in contact with us directly (if you have trouble subscribing/unsubscribing, or have questions about the list itself), send an e-mail to

    Copyright 2004. When you forward Coach Andrea's Coaching Tip of the Week to your friends and colleagues, please keep the copyright and contact information intact.

    Coach Andrea
    Focusing your vision, achieving results

    Quick Links...

  • Subscribe to Coaching Tip

  • Last Week's Coaching Tip
  • More About Us

  •      email:
    Andrea Novakowski · 39 Lakeview Terrace · Ashland · MA · 01721


            Tip of the Week
            Tip Archive 2008
            Tip Archive 2007
            Tip Archive 2006
            Tip Archive 2005
            Tip Archive 2004
            Tip Archive 2003
            Tip Archive 2002/2001
    December 3, 2004
    Contact AndreaE-mail Andrea

    © 2000 Andrea Novakowski. All Rights Reserved  | designed by The Complete Website


    Sign up to receive a free weekly tip from Coach Andrea. These tips provide thought provoking and inspirational ideas on business and life issues. We will also let you know what's new at