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
#108 - Can I Make this Big Purchase? w/ Colton Etherton, CFP® [not-audio_url] [/not-audio_url]

Duration: 31:25
Colton Etherton, CFP® & Justin Green, CFP® discuss tracking your income & expenses and if you really need to do it. We also dive into the best question I've received from a prospect and how to determine if you can afford…
#107 Pursuing Time Agency after the Navy w/ Brock Briggs [not-audio_url] [/not-audio_url]

Duration: 47:35
In this episode, Justin sits down with Brock Briggs, an entrepreneur searching for time agency after serving in the Navy. We discuss how he's using his passion for helping other former military members pursue entrepreneu…
#102 - The Final Episode, What's Next? [not-audio_url] [/not-audio_url]

Duration: 6:22
Last reminder, the Dollars & Dumbbells podcast will be rebranding to the Intentional Profits podcast. Learn more about what's ahead. 👉⁠ Join the Intentional Profits Waitlist Connect with Justin Green DM me on Instagram!…
#100 SOLO - Big Changes Coming for the Next 100 Episodes [not-audio_url] [/not-audio_url]

Duration: 23:22
In this episode, I roll solo. Periodically, I will bring you solo episodes of 10-15 minutes to talk to you about financial planning opportunities for online coaches or topics relevant to current financial events. This is…
#99 - REMIX Building an Intentional Business [not-audio_url] [/not-audio_url]

Duration: 30:22
In this episode, I’m bringing you parts of past conversations I’ve had with guests whose episodes were among the top listened to episodes. All three guests share one thing in common: Building an intentional business But…