Episode #3: Nick Pantuso | Financial Wisdom for Strength Coaches!

As a Strength Coach, this might be the most important podcast you’ll ever hear… and that’s not an exaggeration. We brought in Nick Pantuso, who humbly describes himself as a “finance guy.” Nick has experience and licenses in real estate brokerage, finance, money lending, and accounting, and has been in the finance world for many years. We all know the running joke in this industry: “Strength coaches don’t have retirement parties.” Nick gives some great and valuable insights into how to manage your money as a coach, to not only maximize your income, but to set up the future for you and your family. 

Timecodes: Nick Pantuso Intro – 00:00 – 2:43

Strength Coaches, what should you do with your money? – 2:43 – 5:35 

How to set-up your business properly, and thoughts on taxes for strength coaches – 5:35 – 10:21

“Strength Coaches don’t have retirement parties” – 10:21 – 12:00

Financial habits for young strength coaches – 12:00 – 16:49

Financial advice for older strength coaches & real estate investments – 16:49 – 26:06

Examples of investing into qualified accounts (Roth IRA’s, SEP IRA’s) – 26:06 – 32:53

Living below your means and investing what you can – 32:53 – 36:25

Payroll – What is it? How you should set it up and why you should – 36:25 – 41:01

“Pay yourself first” – 41:01 – 44:28

Importance of Life Insurance, Wills, and Trusts for Coaches – 44:28 – 49:55

“The cost of NOT planning for the future” – 49:55 – 51:05

Maximizing Tax Deductions to bolster your purchasing power – 51:05 – 57:36

Final thoughts and recommended reading – 57:36 – End

Thanks for listening.  I enjoyed co-hosting this episode with Jared Wilson. Find Jared's information on Instagram (@jaredwilson.performance). 

Follow Lucas on Instagram, Twitter, and TikTok (@LQ_StrengthCoach). 

Website: www.LQSportsPerformance.com 

Online Speed Training Program for Athletes: www.SpeedUnleashedLQ.com