132 - 5 Money Mistakes that will Kill your Wealth as an Online Coach

132 - 5 Money Mistakes that will Kill your Wealth as an Online Coach

Author: Justin Green, CFP® May 2, 2024 Duration: 9:02

In this episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner, outlines five critical money mistakes that online coaches make which can inhibit their wealth growth.

These mistakes include not separating business and personal finances, carrying high-interest debt, not paying themselves adequately, lacking an emergency fund, and failing to invest outside of their business.

The episode emphasizes the importance of financial discipline and strategic planning for online coaches aiming to build and sustain wealth.

Connect with Justin Green

⁠⁠Schedule a 1:1 Free Intro Call⁠⁠ 


---

01:00 Mistake #1: Mixing Business and Personal Finances

02:09 Mistake #2: Carrying High-Interest Debt

03:41 Mistake #3: Not Paying Yourself Enough

05:40 Mistake #4: Lack of an Emergency Fund

06:48 Mistake #5: Not Investing Outside Your Business


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
Podcast Episodes
167 - How to Be a SUPER Coach w/ Trevor Wittwer [not-audio_url] [/not-audio_url]

Duration: 49:41
Book a 90 Minute Financial Health Consult ⁠to get an actionable plan to better manage your finances.–In this episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™ sits down with…
165 - How to Build your Brand w/ Zach Colman [not-audio_url] [/not-audio_url]

Duration: 44:20
Book a 90 Minute Financial Health Consult ⁠to get an actionable plan to better manage your finances.–In this episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™, sits down with…
164 - The WRONG financial goal for an Online Coach [not-audio_url] [/not-audio_url]

Duration: 11:09
In this solo episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™️, shares why he sees most online coaches chasing the wrong financial goal and what they should be doing instead…
163 - The 8 Numbers Every Online Coach Must Track to Build Wealth [not-audio_url] [/not-audio_url]

Duration: 13:03
In this solo episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™️, shares the ultimate guide to building personal wealth for Online Fitness Coaches. Connect with Justin Green⁠⁠…
160 - How He Built a 7 Figure Gym in Just Two Years with Carlos Mata [not-audio_url] [/not-audio_url]

Duration: 42:33
In this episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™️, sits down with Carlos Mata, the co-owner of Sigma Performance Training in Houston, TX to discuss his massive growt…