Rita Miller’s Three Steps to Better Financial Management

Financial instability and steadily piling debt are running rampant in most American households. According to Ramsey Solutions, 77% of households have at least some type of debt. Tackling this issue without a proper strategy or any outside assistance can be incredibly daunting. Calling in an expert to create financial transformation could be the perfect next step. Rita Miller, an experienced financial coach, spends her time helping others to better manage their finances. Not only is it important to stabilize your fiscal affairs, but pride and contentment in your decisions are proof of true success. For Miller, trusting her process will undoubtedly lead to greater financial success and overall satisfaction in one’s life and achievements. She focuses on three key steps for managing finances; fixing the problem, looking back, and looking forward.

Step One: Fixing the Problem

Miller’s first step in her financial coaching process is to identify potentially negative spending habits and replace them with effective and sustainable change. She teaches her clients how to create change within their learned behaviors and form positive spending and investing patterns. Her focus during this period is mindset, options, and intentionality. Intentionality can reduce frivolous and unnecessary spending, meanwhile allowing the individual to feel deeper satisfaction in their efforts. She knows through her experiences that financial security is not necessarily based on income; “There are people who make 500k a year and are still broke and stressed.” A family or individual could have a lower income yet still have the ability to save, pay off debts, and mindfully enjoy life. “I’ve worked with people who are just above the poverty line that are content, debt-free, are able to save and not live paycheck to paycheck.” This further solidifies her belief that “When it comes to money, it’s mainly mindset and behavior.”

Step Two: Looking Back

Following the change of present behavioral patterns and while building good money habits, Miller’s method is to then work through a visioning process, with the first part a deep dive into the previous twelve months. Miller walks alongside clients while they explore and identify patterns and habits in their financial life, but also within their career, business, and personal life. Recognizing these long term patterns can be an amazing step to facilitate change. There may be patterns present that an individual was never actually aware of. Collaborating with Miller in this way can prove to be extremely eye opening. The insight of an individual’s past twelve months is incredibly telling when it comes to their priorities with spending and choices. This “look back” is powerful in setting a vision for the future and the action steps to create it.

Step Three: Looking Forward

No one can set attainable goals for the future without sitting down to decide what those goals may be. Casting a vision for future success and financial security is what it’s all about for Miller. She builds off of the first two steps; using the changed behaviors and adjusted spending patterns, along with the twelve month deep reflection. These become the foundation to the client’s unique vision for the future, and this vision empowers them to create and continue actions to transform their financial future and avoid falling back into old habits. “I work with people that want to affect great change in their lives when it comes to money: Additional savings, building a business, paying off debt, handling money and budget, leaving a legacy. For my coaching, it’s primarily around the mindset for people so that they can be more prosperous , whatever their goals.” Miller’s method is one that sticks; it continues to be successful because it addresses the client as a whole and cultivates an environment to thrive, rather than simply teaching them to survive.

Rita Miller is continuing to chase her passion for helping others and is expanding her platform to reach more people. You can connect with her on Instagram; @ritamillercoach, Facebook, LinkedIn, or visit her website; www.ritamillercpa.com. 

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