141 - Five Money Habits Holding You Back as a Solopreneur

141 - Five Money Habits Holding You Back as a Solopreneur

Author: Justin Green, CFP® July 4, 2024 Duration: 8:03

In this episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner, dives into the five money habits that are holding solopreneurs, online coaches, creators, and business owners back.


He discusses the importance of separating business and personal accounts, tracking the right KPIs, avoiding high interest debt, saving for emergencies, and investing in self-employment retirement accounts.


Justin provides practical tips and emphasizes good financial habits to help solopreneurs make informed financial decisions and ensure business sustainability.


Connect with Justin Green⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠Schedule a 1:1 Free Intro Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠FREE Cash Flow Training⁠



00:15 Habit 1: Mixing Personal and Business Finances

01:22 Habit 2: Tracking the Wrong KPI

03:03 Habit 3: Using High-Interest Debt for Investments

04:39 Habit 4: Lack of an Emergency Fund

05:38 Habit 5: Not Investing in Retirement Accounts

07:08 FREE Cash Flow Training


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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