#130 - Implementing a Financial System to Navigating Tax Challenges for Fitness Coaches w/ Tell Fisher

#130 - Implementing a Financial System to Navigating Tax Challenges for Fitness Coaches w/ Tell Fisher

Author: Justin Green, CFP® April 18, 2024 Duration: 36:27

In this episode, I have a conversation with Tell Fisher, a CFO client who, along with his wife Alli, runs a business coaching service for online health and fitness coaches. We discuss their journey of overcoming tax issues by setting up a financial system for their business, highlighting the importance of preparing for tax bills and managing business finances to avoid stress and achieve freedom and wealth. Through their story, this episode offers insights and advice on handling finances, the impact of financial stress on business and personal life, and the steps to achieving financial freedom and wealth by aligning business models with personal values and goals.

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04:19 Navigating Tax Challenges and Solutions

10:06 Financial System for Taxes

12:24 Financial Stress

17:29 Embracing Financial Planning in Business

17:48 Discovering Business Insights Through Financial Discipline

18:21 The Importance of Tax Planning and Investment in Self

19:35 Navigating Business Growth and Financial Stress

20:43 Personal Reflections on Financial Stability and Business Strategy

27:46 Exploring Wealth, Freedom, and the Ideal Business Model



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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