But fair play to them, if they can find rich silly people who will give them thousands for some trite slogans...
People with money can still be vulnerable. I don't think someone necessarily deserves to be exploited because they're wealthy.
The life coaching industry really worries me. I work in a school in a pastoral role and over the last few years we've had a number of cases where parents of teenagers with Eating Disorders, Depression, self-harm and other serious conditions have eschewed the support of medical professionals in favour of "life coaches" who charge them anywhere from £75-125 per hour. These parents are desperate to help their child, understandably frustrated by lengthy NHS waiting times and scared about the future. So when someone comes along who is persuasive, excellent at selling themselves, exudes confidence and offers a 'quick fix' of course they want to believe in them.
Those on this thread saying "coaches don't give advice"...well, maybe they're not supposed to but some absolutely do! In some cases, they also actively discourage parents/children from listening to the advice of qualified professionals.
I was recently emailed by a "life coach" who is working with one of our pupils, basically selling his service to me, linking to his website and asking me to recommend him to other parents. On his website it mentioned that he was, amongst other things, "an expert in the management of mental health and wellbeing issues" so I called him and asked exactly what are his qualifications and expertise are. After a lot of waffle and he eventually admitted he has no qualifications or training in mental health but claimed he has suffered from Mental Health issues (undiagnosed) in the past and this makes him "an expert by experience". He rejected my suggestion that the wording on his website was misleading.
They aren't accountable to anyone and aren't breaking any laws so there's little I can do other than keep expressing my concerns and hope the parents eventually see sense. I'm sure there are life coaches out there who practice ethically and are doing valuable work but it's the lack of regulation, accountability and supervision enabling those that don't that really troubles me.