Dollars and Dumbbells - Profit and Wealth Tips for Online Health and Fitness Coaches
In this episode of the Dollars and Dumbbells podcast, host Justin Green, a financial planner for online coaches, creators, and entrepreneurs, shares a conversation with Emily Carlson, a former nutrition coach turned content creator coach.
They discuss three major financial mistakes online coaches commonly make:
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00:00 Introduction and Guest Overview
02:14 Meet Justin Green: Financial Advisor for Online Coaches
04:04 The Importance of Profit Over Revenue
09:21 Mindset and Budgeting for Coaches
10:44 The Pitfalls of Outsourcing Too Early
11:39 Choosing the Right Business Mentor
18:00 The Reality of Fast Cash Frameworks
23:27 Understanding Taxes for Coaches
27:14 Implementing a Simple Operating System
27:33 Setting Aside Taxes First
30:29 The Importance of a Rainy Day Fund
31:18 Paying Yourself as a Coach
34:51 Building a Sustainable Business
47:13 Balancing Risk and Management
48:41 Final Thoughts