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Our CMC Scholarship Program was launched on March 31, 2016 and to date we have provided over 100 scholarships to applicants with lower incomes towards their training to become a Certified Money Coach (CMC)®.
Worldwide money issues of poverty, income inequality, and international debt are challenging the stability of the global economy and world-nations. Many of the money issues that people experience are due to multi-generational patterns and behaviors that strongly influence their financial behaviors and choices. Taken as a whole, entire regions can remain entrenched in negative beliefs and patterns that entrap the citizens in the cycle of hopelessness and poverty.
In order for the collective society to begin to shift these dynamics, greater awareness and coaching is essential. The root causes of most of our collective money issues are largely emotional and behavioral, not merely financial. Millions of dollars are being spent on financial education and literacy with limited results because people react emotionally to money, not just intellectually. While financial literacy is important, it is often ineffective without also addressing the underlying emotional and behavioral challenges that people experience relative to money. The Money Coaching Institute is the pioneer in the field of behavioral Money Coaching and is a global training and education company that has developed a unique approach to helping people identify and solve these underlying issues.
The Money Coaching Institute helps individuals profoundly shift limiting financial patterns and behaviors through individual and family coaching to identify, understand, and transform the sources of their financial challenges and hardships. Individuals who have received money coaching report significant positive results both personally and financially, in 60 to 90 days post-coaching.
To address the global financial challenges, the Money Coaching Institute intends to make the training of Money Coaching broadly available to motivated individuals no matter what their individual circumstances might be. Scholarships are available to applicants with combined family incomes under $75,000 USD annually and a net worth of $150,000 or less.
Criteria for Application
Applicants must have a minimum of a bachelor’s degree or equivalent.
First opportunities will be given to those in the field of social work, professional coaching, counseling, and the financial services industries. Applicants in other fields are welcome to apply with priorities assigned to those that are most suitable for the profession of Money Coaching.
Applicants from countries outside of the U.S. will receive special consideration with respect to currency devaluations against the dollar.
All applicants will need to submit an essay indicating why they would like to be Money Coaches and what they intend to do with their coaching skills upon graduation.
Course Requirements
Applicants must speak and write fluently in English, have access to a computer to attend online courses and have a good Internet connection.
Application Form
Earning Thresholds by Country
In order to qualify for a Scholarship, your annual earnings should be below the USD value indicated in the ‘Threshold by Country’ Column. This value is based on the Purchasing Power Index and expressed in USD. If your country is not listed below, please feel free to contact us for the relevant threshold.
Country |
Purchasing PowerIndex |
Threshold by Country(In USD) |
| Argentina | 74.92 | $40,000 |
| Australia | 147.25 | $80,000 |
| Austria | 120.46 | $65,000 |
| Belgium | 106.69 | $58,000 |
| Bosnia And Herzegovina | 60.64 | $33,000 |
| Brazil | 48.69 | $26,000 |
| Bulgaria | 59.19 | $32,000 |
| Canada | 134.81 | $73,000 |
| Chile | 78.40 | $42,000 |
| China | 77.42 | $42,000 |
| Colombia | 45.99 | $25,000 |
| Croatia | 67.89 | $37,000 |
| Czech Republic | 89.99 | $49,000 |
| Denmark | 142.14 | $77,000 |
| Egypt | 40.30 | $22,000 |
| Finland | 132.93 | $72,000 |
| France | 118.51 | $64,000 |
| Germany | 147.61 | $80,000 |
| Greece | 79.27 | $43,000 |
| Hong Kong | 102.32 | $55,000 |
| Hungary | 56.30 | $30,000 |
| India | 89.65 | $48,000 |
| Indonesia | 35.51 | $19,000 |
| Iran | 47.73 | $26,000 |
| Ireland | 125.66 | $68,000 |
| Israel | 115.54 | $62,000 |
| Italy | 105.67 | $57,000 |
| Japan | 117.55 | $63,000 |
| Lithuania | 61.25 | $33,000 |
| Macedonia | 46.74 | $25,000 |
| Malaysia | 96.34 | $52,000 |
| Mexico | 76.51 | $41,000 |
| Netherlands | 129.34 | $70,000 |
| New Zealand | 115.47 | $62,000 |
| Norway | 125.75 | $68,000 |
| Pakistan | 43.34 | $23,000 |
| Philippines | 42.86 | $23,000 |
| Poland | 80.77 | $44,000 |
| Portugal | 75.47 | $41,000 |
| Romania | 61.90 | $33,000 |
| Russia | 57.42 | $31,000 |
| Saudi Arabia | 167.86 | $91,000 |
| Serbia | 49.62 | $27,000 |
| Singapore | 110.50 | $60,000 |
| Slovenia | 89.76 | $48,000 |
| South Africa | 126.10 | $68,000 |
| South Korea | 120.64 | $65,000 |
| Spain | 105.31 | $57,000 |
| Sweden | 128.22 | $69,000 |
| Switzerland | 178.74 | $97,000 |
| Thailand | 40.06 | $22,000 |
| Turkey | 64.12 | $35,000 |
| Ukraine | 29.66 | $16,000 |
| United Arab Emirates | 136.43 | $74,000 |
| United Kingdom | 120.00 | $65,000 |
| United States | 139.17 | $75,000 |
Further Information
Please contact Deborah Price founder and CEO of the Money Coaching Institute at 415-895-1069 or at dprice@nullMoneyCoachingInstitute.com
