163 - The 8 Numbers Every Online Coach Must Track to Build Wealth

163 - The 8 Numbers Every Online Coach Must Track to Build Wealth

Author: Justin Green, CFP® January 30, 2025 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

Financial Health Assessment Quiz


00:00 Introduction and Podcast Mission

00:24 The Importance of Tracking Financial Metrics

01:04 Understanding Revenue

02:46 Calculating Profit

04:19 The Significance of Recurring Revenue

05:26 Paying Yourself as a Business Owner

06:30 Setting Aside Money for Taxes

07:55 Saving and Investing for Wealth

09:38 Monitoring Cash Reserves

10:16 Determining Personal Living Expenses

11:03 Final Thoughts and Next Steps

12:10 Conclusion and Disclaimer


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
#87 - Should I Be an S - Corp? w/ Rebecca Driscoll, CPA [not-audio_url] [/not-audio_url]

Duration: 41:02
In this episode, I sit down with Rebecca Driscoll, CPA. She's the founder of Conscious Accounting, and helps business owners with bookkeeping & taxes to help grow their businesses! This is part 2 of our conversation and…
#84 - REMIX How to Improve Your Mindset w/ Justin Green, CFP® [not-audio_url] [/not-audio_url]

Duration: 30:39
Let’s throw it back to three of the top listened to conversations on the show around how to improve your mindset. Check out the full episodes to learn more: Ep. 6 - Understanding Mindset & Applying it to Fitness Coaching…
#81 - The 6 Rules of Wealth w/ Patrick Cummings & Jon Gilson [not-audio_url] [/not-audio_url]

Duration: 55:11
Patrick Cummings and Jon Gilson, the founders of Optimal Agency, discuss the intersection of wealth, health, and time. They assert that agency is all about personal autonomy, and optimal agency empowers individuals to ta…
#80 - SOLO How to Prepare for Taxes in 2023 w/ Justin Green, CFP® [not-audio_url] [/not-audio_url]

Duration: 9:49
Sign up for The Wealthy Weekend, a quick 3-5 minute weekly newsletter including financial, mindset, & business tips. In this episode, I roll solo and I want to talk to you about how you should be preparing for taxes in 2…

«1...678910