#120 - Raw Truth Behind Shutting Down a "Successful" Online Coaching Business w/ Mike Barfield

#120 - Raw Truth Behind Shutting Down a "Successful" Online Coaching Business w/ Mike Barfield

Author: Justin Green, CFP® February 7, 2024 Duration: 48:43

Justin Green, CFP® sits down with Mike Barfield. Mike built a successful 6 figure online coaching business and then shut it all down at the end of 2023.

This is an incredibly powerful conversation. Mike is raw and vulnerable when sharing his story.

We discuss:

  • The personal tragedies that Mike experienced
  • The dangers and pitfalls of losing yourself in entrepreneurship
  • The financial struggles & crippling credit card debt he found himself in
  • The difference between making money and managing money.

And much more!

Episode 36 w/ Mike Barfield

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Connect with Mike Barfield


Justin Green, a CERTIFIED FINANCIAL PLANNER™, noticed a gap between the physical wellness online coaches promote and the financial health of their own businesses. That’s the space where Dollars and Dumbbells-Profit and Wealth Tips for Online Health and Fitness Coaches lives. This isn't just generic business advice; it's a focused conversation for creators in the health and fitness space who are ready to move from passion project to sustainable wealth. Justin, drawing from his work at Assist Financial Planning, digs into the specific money decisions coaches face. You’ll hear practical discussions on managing irregular cash flow, structuring your business finances efficiently, and making sense of investing so your profits work for the long term. The podcast unpacks often-overlooked areas like tax strategy, appropriate insurance, and even estate planning, because building a legacy is part of the goal. Through interviews and solo episodes, the content is designed to translate complex financial concepts into actionable steps. Tune in for a straightforward resource that addresses the unique intersection of personal training and personal finance, helping you build a resilient business that supports the life you want.
Author: Language: English Episodes: 100

Dollars and Dumbbells - Profit and Wealth Tips for Online Health and Fitness Coaches
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