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
148 - 7 Steps to your First $100K for Online Health Coaches [not-audio_url] [/not-audio_url]

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In this solo episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™️, breaks down the 7 steps to build your first $100K of net worth. Connect with Justin Green⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠…
147 - How to Measure & Evaluate your Profit Rate as an Online Coach [not-audio_url] [/not-audio_url]

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146 - 4 Tips to Stop Living Month to Month as an Online Health Coach [not-audio_url] [/not-audio_url]

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In this solo episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™️, shares four tips to stop living paycheck to paycheck tailored for online health coaches. Justin addresses com…
144 - 5 Wealth Building Tips for Online Health Coaches [not-audio_url] [/not-audio_url]

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In this solo episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™️, shares five wealth-building tips tailored for online health coaches. The tips include setting process goals i…
142 - 3 Financial Metrics Every Business Owner Should Check Weekly [not-audio_url] [/not-audio_url]

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In this solo episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™️, shares the importance of tracking financial metrics on a weekly and basis and dives into the three essential…
141 - Five Money Habits Holding You Back as a Solopreneur [not-audio_url] [/not-audio_url]

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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.…
140 - 3 Cash Flow Tips for Solopreneurs [not-audio_url] [/not-audio_url]

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In this solo episode of the Dollars and Dumbbells podcast, host Justin Green, a certified financial planner, shares three essential cashflow management tips for solopreneurs, online coaches, and creators. Smaller Plates…