Barbara Welch

Founder and Managing Director at Inheritance Development LLC -" The Good LIfe Money Coach"

Entrepreneurship and startups

Education: Howard University - The College For Financial Planning
Grand Rapids, MI, USA

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Biography

Barbara Welch is co-founder and Senior Consultant of Inheritance Development LLC, a firm offering business and personal finance coaching & consulting under the brand "The Good Life Money Coach".
As a consultant, author, and speaker, she is focused on helping professionals and emerging business owners master their finances and build wealth using principles and strategies she has
practiced and developed for over 25 years. She began her career as a banker and a part-time entrepreneur, later becoming a licensed financial advisor and building her consulting practice.

Barbara is a servant leader in her community, as the co-founder of the GGR chapter of Jack and Jill of America Inc., founding board member of NIA Centre African American Cultural Center, a member of the GGR chapter of the NAACP, National Black MBA Association, and Co-chair of the Grand Rapids Symphony’s Mosaic Scholar annual fundraiser – Celebration of Soul. Barbara is also a member of the leadership team at Stones Christian Church.

Barbara is happily married to Skot Welch for 29 years and they are the proud parents of two young adult children – Brandon and Brooks.

Passion

Personal financial literacy and Wellness
Money Mindset and Neuroscience
Entrepreneurship
Small Business Start-ups and Operations

I am willing to travel

More than 100 miles

When it comes to payments

I generally get paid for speaking but make exceptions

Topics

personal finance for entrepreneurs and start ups personal finance small business life money management money mindset women in finance women wisdom and wealth maximizing your money healthy living pursuing your dreams purchasing decisions personal and family finance credit management generational wealth legacy building happy living living your dream financial literacy financial health boosting employees financial health business startup operations entrepreneurship author

Best Story

After experiencing a business failure that left my husband and I nearly bankrupt with two toddlers depending on us to rebound,
I developed financial principles after hearing a message at church one Sunday based on Ephesians 2:10, which says we are created to live the good life!
I put these principles into action on a daily basis, and day by day, year by year, we began to change our financial position and experience the good life. I was then privileged to be able to help others learn these same principles.

Origin Story

In 1999 my husband and I experienced a business failure after investing all of our earned savings and over $1 million dollars that we raised from private investors. We were building a business to “live the good life” and made the sacrifices we thought were necessary. We were busy, suffered through long hours of work. We worried, stressed and lived by the adage no pain no gain!

And as we studied the ashes and began to rebuild our lives I heard a message at church that was my “Aha” moment as I realized that the good life was mine for the taking. I could experience the good life regardless of the success of a business! I was still interested in starting and building another business - because business is a passion, but I would never postpone enjoying life to build a business ever again.