Many people think that it is very EASY to be a Life Coach. First of all it sounds cool and it sounds like you get paid good bucks to give gyan to people and fix what is wrong about them. Nothing could be further from the truth.
1) You CANNOT live an ordinary life and expect to be in this profession. You have NO OPTION but to live an extraordinary life.
2) You HAVE TO love people the way they are. It’s not a choice, it’s a necessity. And I’m not talking about clients. I’m talking about people in my life. Irrespective of how ridiculous or absurd someone in my life behaves, I HAVE TO find ways to love that person and accept him/her the way he/she is.
3) If you get UPSET you have to bounce back really fast. You can’t carry the upset for long because it will dilute the impact of your coaching. Anger, hatred, jealousy, fear, regret, hurt, revenge are emotions that you have to overcome and master. If I let any of these emotions run my life, I am finished.
4) My coach tells me, “Communicate. Communicate. Communicate.” As a Life Coach you have to live an authentic life and communicate freely. You cannot suppress feelings and ruin your self-expression. (That is one reason why my posts are often quite long.)
I tell people, “I’m a Life Coach. But come on, I am also human, I am NOT some avatar of Lord Krishna.” 
I can go on and on but net net it’s HARD to be a life coach. I dont have to chase money. If I just live my life powerfully, money chases me. And if I live an ordinary life all the time judging others, money runs away from me. And I go through those cycles all the time. I screw up very often but I bounce back at a superfast speed.
Every now and then I get calls from people all over the country (and from my social network) asking me if there is a course that will TEACH them how to be a life coach. The truth is there are courses that will give you some dos and donts of coaching, but how to live a powerful and extraordinary life – that you have to learn on your own.