What To Do Financially If You're Having a Baby (or any other big change)
In this episode, we look at handling finances during big life changes like welcoming a baby or moving. I’ll share tips on adjusting your budget, setting realistic goals, and keeping money talks with your partner positive. We’ll cover reworking your budget, focusing on what matters most, and building an emergency fund for surprises. Plus, we’ll dive into open conversations with your partner to set shared priorities and adapt as life evolves.
Managing Money During Slow Seasons in Your Fitness Business
In this episode, we tackle financial challenges during slow seasons for fitness business owners. Learn how to assess cash flow, cut costs, and build a financial cushion, while exploring revenue-boosting strategies like online offerings and client retention tactics. Plus, discover smart budgeting techniques to support growth, even in quieter months.
3 Essential Year-End Tasks for Fitness Professionals
Get ready to wrap up the year with a clear path to success! In this quick episode, learn three essential steps to set your fitness business up for a strong start in the new year. From reviewing finances and optimizing tax strategies to setting actionable growth goals, you’ll walk away with practical tips to close the year with clarity and confidence.
From Gym Owner to a $950K Exit: Daniel Meng's Journey
In my conversation with Daniel Meng, a former gym owner who sold his gym for $900K, we explore his incredible journey—from being a college baseball player to training celebrities like Kenny Chesney, and eventually running and selling a successful fitness business. We cover some key insights, including how to transition from private to semi-private training, strategies for gym owners at various stages, and why systems, financials, and simplicity are crucial for a smooth exit. Daniel also shares tips on gym valuation, working with a broker, and the importance of surrounding yourself with the right people to succeed.
Thinking Through Owner's Compensation For Gym Owners
In this episode, we’re tackling a topic that gym owners often overlook—how to pay yourself in a way that not only supports your personal goals but also keeps your business thriving. Billy walks through a simple, 4-level approach to owner’s compensation, starting small and growing to profit sharing. Along the way, he highlights some important mindset shifts and shares advice on finding financial guidance that really fits your unique situation. It’s all about making sure your hard work benefits both you and your business in the long run.
Mastering Mindset and Marketing with Vince Gabriele
I chat with Vince Gabriele, a fitness business coach with over 20 years of experience. We talk about the importance of truly knowing your customers and how Vince’s “spotting” technique can help you build stronger relationships. He also shares tips on diversifying revenue streams, using content to grow your business, and staying grounded to avoid common pitfalls. Plus, we have a fun moment discussing how he’d market himself through his Brazilian Jiu-Jitsu experience. It’s a mix of practical advice and engaging stories to help you elevate your fitness business!
Profit vs. Cash Flow - Why Gym Owners Need Both to Succeed!
We explore the essential link between profit and cash flow for gym owners in this episode. As a financial coach and fractional CFO, I provide practical insights on managing both to ensure long-term success. You’ll discover key differences between profit and cash flow, tips for controlling expenses, strategies for boosting revenue through tiered membership models, and ways to keep clients engaged with membership freezes and automated payments.
How Public Speaking Can Transform Your Business (And Your Life)
In this episode of *Your Fitness Money Coach Podcast*, I share how public speaking transformed my fitness business and how it can do the same for you. We cover my journey from beginner to confident speaker, the power of public speaking in building authority, and how it enhances communication and client relationships. Plus, learn how it can help overcome fears, boost confidence, and unlock new income opportunities.
The One Decision That Could Make or Break Your Financial Success
In this episode of the Your Fitness Money Coach Podcast, we tackle how to balance short-term cash flow with long-term success. Learn when to prioritize immediate revenue vs. future growth, plus hear my personal experience with investing in opportunities. Don’t miss practical tips and register for the 7 Lever Profit System starting October 14th!
My $862,613 Mistake
Let’s explore Robert Kiyosaki’s striking claim that only 4 out of 100 people would know how to wisely use $10,000. I share my personal experience with this concept and discuss what might happen with the other 96. We’ll look at different financial scenarios, highlight the importance of financial strategy, and why investing in yourself is one of the smartest moves you can make to grow your wealth.
5 Personal Financial Metrics to Track
In today’s episode, we’ll simplify personal finance tracking for Fit Pros. You’re great at tracking workouts, but managing your money can feel trickier. Inspired by Peter Drucker’s “What gets measured gets done,” we’ll cover what to track, how to do it, and how often. Just like tracking workouts leads to progress, keeping an eye on your net worth and savings rate can boost your financial health. Tune in to learn how!
Podcast Your Way To Fitness Business Success - An Interview With Sam Brake Guia
In our interview with Sam Brake Guia, Co-founder of PodWritten and host of Mics to Millions, we explored his expertise in podcasting. Sam helps health and wellness businesses with podcast bookings and offers valuable insights through his show, which features interviews with top hosts and expert advice on growing your podcast. His knowledge is a great resource for anyone looking to enhance their podcasting efforts.
10 Things Broke Fit Pros Waste Their Money On
Today’s show highlights key insights from a compelling MSN article about Warren Buffet’s advice on money-wasting habits. Learn how to avoid pitfalls that could jeopardize your financial future by discovering 10 things you should be cautious of. Tune in to safeguard your finances and invest wisely.
Using Simple Numbers and Tactics For a Wildly Successful Gym - An Interview with Dan Kleckner
In today’s episode, Dan Kleckner and I break down the key metrics to easily manage your gym. Simple metrics make it easier to stay on top of things, and Dan also shares a formula for generating leads—no paid ads necessary.
If you’ve been unsure about expanding your business, this episode will bring some clarity on when and how to grow your locations.
3 Ways to Improve Cash Flow
Tune in to our latest episode where we dive into 3 ways to improve your cash flow! Plus, don’t miss out on our upcoming Plan For Profit workshop on 8/29. It’s the perfect time to tackle cash flow issues and plan for profit. Discover why managing cash is the key to achieving your dreams. Check out the episode and join our workshop for deeper insights!
What To Do If You’re Behind Financially
Feeling behind financially isn’t uncommon, and most people are unprepared for retirement. It’s never too late to improve your financial situation. Just like building muscle at any age, you can make decisions now to enhance your future. In this episode, I’ll share steps and a framework to help you get started today!
Are Your Driving Your Future?
In this episode, we explore the financial impact of car payments, with the average new car payment in the U.S. now at $735. We’ll discuss how rethinking car expenses can open up possibilities for building wealth. Whether you’re dreaming of a luxury ride or aiming to maximize your savings, there’s a balance to be struck. Join us as we delve into strategies for enjoying your car and securing your financial future.
Profit Made Simple
After over 200 episodes, I’m doing something new: sharing an interview I did on another podcast called Profit Made Simple, hosted by Daniel Henderson. We covered topics like transitioning from debt to financial freedom, avoiding common financial mistakes, and achieving a financially healthy business.
How to Pay Yourself as an Owner
In this episode, a follow-up to #158, we’re diving deeper into the mindset shifts you need to make to ensure you’re paying yourself properly. In the previous episode, we talked about how to pay yourself every month, determine your pay, give yourself raises, and balance personal income with business growth. This time, we’re focusing on the mental adjustments necessary to secure your financial well-being.
Being Humbled to be Exalted - An interview with Travis Barnes
Travis Barnes’ story is nothing short of incredible. After spending a decade behind bars, he emerged to build the multi-million dollar company Journey 333, expanding to 5 locations in just 5 years. This episode as it’s one of the most powerful shows we’ve done. It’s jam-packed with lessons that will improve your life, business, and relationships.
Fit Finances: Setting Smart Goals for Financial Success
Today’s show was inspired by the book Switch by Chip and Dan Heath. Making a positive change isn’t easy, but there are ways to ensure our success. One key factor is having clarity on our goals. As Zig Ziglar said, “If you aim at nothing, you’ll hit it every time.” Tune in to learn specific examples of clear financial targets, how to avoid common goal-setting mistakes, and a quick checklist to keep you on track.
Legal Insights for Gym Owners: An Interview Matt Becker from Gym Lawyers
As a gym owner, overlooking accounting and legal aspects can be costly. Expert advice in these areas is invaluable, ensuring your business structure is sound and legally compliant. With guidance from specialists like Matt Becker from Gym Lawyers, you can safeguard your gym’s future and pave the way for success.
Should You Join Toastmasters?
Back in 2012, while participating in Todd Durkin’s mastermind, I read a Jeffrey Gitomer sales book that recommended joining Toastmasters for those serious about communication and leadership. Taking that advice to heart, I joined immediately and have been an active member for 12 years. In this discussion, we’ll explore what Toastmasters is and isn’t, how it has benefited me, and my recommendations for you!
Are You Nervous?
Today’s episode was recorded just before my debut at Perform Better in Orlando, FL. People frequently asked me, “Are you nervous?” Reflecting on this, I decided to share my thoughts. Not only did it help me process my feelings, but I believe my perspective could be useful to you as well. Growth and comfort can’t coexist, but there are ways to make the process less overwhelming.
7 Habits of Wealthy Fit Pros
In this episode, we dive into the 7 traits and what they mean to us as fitness professionals. It’s brimming with insights and tips from some of the most successful fitness professionals out there. Immerse yourself in stories and strategies that will inspire you. I can’t wait for you to hear it and start applying these habits to your own journey.
Your Financial Pattern
This podcast is all about your financial pattern and transforming limiting beliefs. Tune in to discover how to shift your money mindset and achieve financial freedom. You won’t want to miss this!
The 8th Wonder of The World
Discover how to get compound interest working for you, not against you. In this episode, we’ll discuss practical strategies to eliminate debt, revealing how you can stop paying interest and start earning it. We’ll emphasize the importance of saving for the future, highlighting how taking action now can secure your financial freedom later.
How to Make Hiring Your Competitive Advantage
Join us on the show with Sebastian Gast, owner of www.barbelljobs.com, as we explore the power of teamwork in achieving greatness. Gym owners often face burnout from trying to do everything themselves. Sebastian, with his experience in gym ownership and running Barbelljobs.com, shares essential tips for hiring and retaining talent.
How to Read a Financial Statement Part 3 (Balance Sheet)
In part 3, we’re focusing on the balance sheet, one of the three key financial documents. It’s like your business’s report card, showing if you’re in good shape financially. We’ll break down what it means to have a positive net worth and why it’s essential. Plus, we’ll talk about short-term cash and long-term debt – things you need to keep an eye on to stay out of trouble.
How to Read a Financial Statement Part 2 (Profit Margin)
In part 2 of our series, we explain profit margin for fitness pros, why it’s important, how to calculate it, nuances for the fitness industry, and tips to increase it without chasing more clients.
How to Read a Financial Statement Part 1 (P&L)
Join us on a three-part adventure into understanding financial statements, starting with the big one: the P&L, or income statement. This report tells you how much money your business made, spent, gained, and lost in a specific time, like three months. We’ll break it down in easy-to-understand terms in this quick episode.
How to Build a Fitness Business Unicorn - An Interview with Mark Fisher
Tap into the entrepreneurial expertise of Mark in today’s podcast episode! From visionary strategies to actionable steps, this episode is filled with gems for entrepreneurs and business enthusiasts alike.
Behind on Finances? Don’t Do This?
Join us as we share personal stories and practical tips to overcome financial setbacks and pave the way for a brighter future. From rebuilding savings to making smart investments, we’ve got you covered.
From the Bottom to the Top - An Interview with Aaron Hines
Discover Aaron’s incredible journey from gym owner to financial freedom in our new podcast series, “From the Bottom to the Top”. Hear how he went from making just a few hundred dollars a month to taking home a healthy income.
The 4 Day Work Week - An Interview with Charles Alexander
Discover the two key steps to slash at least four hours from your work week without sacrificing income, learn how to identify your high-value tasks, and gain valuable tips to avoid the trap of the “hustle and grind” mindset.
Think Like An Investor
Inspired by real-life experiences and the timeless wisdom of Michael Gerber’s “The E-Myth Revisited,” we invite you on a journey from technician to visionary leader. Explore the importance of creating scalable systems, prioritizing long-term gains, and adopting the mindset of successful investors.
A Simple Formula for Determining Your Rate
In this episode, we’ll cover essential questions such as determining the common rate in your area, understanding your worth, setting your desired rate, and effectively justifying your pricing.
What to Focus on at Each Stage of Income
Contrary to common belief, building wealth isn’t reserved for those with big incomes – it starts much sooner. As Stephen Covey wisely advises, “Start with the end in mind.” In this eye-opening episode, we debunk the myth that wealth-building is income-dependent and provide actionable strategies for individuals at every income level.
Millionaire Gym Owner - An Interview with Chris Cooper
Be inspired and equipped with practical ideas to accelerate your financial journey. Discover key insights, including the four areas to invest in, surprising statistics on gym owner salaries, Chris’ top habit for success, and the crucial factors to reach the next level. Plus, learn about the three essential skills to boost your income.
Busting Pricing Myths - An Interview with Seran Glanfield
Get ready for an insightful conversation on boutique fitness studios with Seran Glanfield and uncover best practices for fitness business owners to cultivate a thriving and fulfilling business.
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