Your Fitness Money Coach Podcast

238: Balancing Short-Term Wins With Long-Term Success In this episode of the Your Fitness Money Coach Podcast, we dive into one of the biggest challenges fitness professionals face—deciding between short-term wins and long-term success. Whether you're focused on bringing in cash flow right now or investing in something that could pay off in the future, knowing how to balance the two is key. Here’s what you’ll learn in this episode: How to make decisions based on your current financial situation. When to prioritize immediate cash flow vs. investing in long-term growth. My own experience of deciding whether to take a speaking course for future opportunities. If you're looking for practical advice on growing your business today while securing your financial future, this episode is packed with insights you won’t want to miss. Be sure to check out and register for the 7 Lever Profit System starting October 14th!      

#237:  Calling Robert Kyasaki blunt is an understatement.  The author of Rich Dad Poor Dad argues that if 100 people were given 10K, only 4 of them would know what to do with it.  In today’s show, I dive into what is suspected would happen with the other 96 and what makes the 4 so different.  I also share a story that I’ve never shared before of how I had a chance to find out what would happen if I were a part of this experiment.  I talk about the value of actually knowing what you would do with 10K or any sum of money. We go through some different scenarios and what some priorities might be.  One of the best (or the best) investments you can make is in yourself. It’s hard to match the return you can get by enhancing your skills and adding more value to people which in turn will improve your cash flow and help you build your wealth and freedom.  ===>Join the 7 Lever Profit System to Simply Drive More Profit and Cash Into Your Business Month After Month The 7 Lever Profit System is a 7-week Program that helps you with actionable steps on the unique levers that will add profit to your bottom line and cash in your bank account. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a short call with me here!    P.P.S. Want to read how I completely turned my finances around? Get a free copy of my book Fitness Profits.   

#236:  Fit Pros are generally good at tracking things.  They track sets, reps, and tempo.  When it comes to the numbers, not so much.  My goal for today’s episode is to simplify what to track on the personal finance side.  Peter Drucker said what gets measured gets done.  Getting in the habit of tracking things like your net worth and savings rate can do wonders for your progress. It’s similar to your clients tracking their workouts or nutrition.  Tune in to learn: What to track How to calculate it How often to track it Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a short call with me here!    P.P.S. Want to read how I completely turned my finances around? Get a free copy of my book Fitness Profits.     

#235:  The Your Fitness Money Coach Podcast was started in August 2020. While it’s been a ton of work, it’s been one of the most rewarding things we’ve done.  While starting your own show might be your next move, today we’re talking about a way to leverage the power of podcasts in a way that has even less of a barrier to entry - Being a podcast guest may be one of the best ways to “get your name out.” I’ve been a guest on countless podcasts and overall, they have had a dramatic impact on my business and bottom line.  Today’s guest is an expert in this space.  Sam Brake Guia is the Co-founder of PodWritten, a podcast booking agency for health and wellness businesses, and the host of Mics to Millions, a podcast that shares interviews with top-tier hosts, insights from podcasting expert, and solo episodes to help you grow your health and wellness podcast. We discuss everything from why podcasting beats posting on social (although you don’t have to stop doing that) to a step-by-step guide to getting yourself booked solid.  Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a short call with me here!    P.P.S. Want to read how I completely turned my finances around? Get a free copy of my book Fitness Profits.   

#234:  Today’s show was inspired by an article I saw on MSN. It was about the things Warren Buffet says broke people waste their money on.  One of the best strategies to make sure you’re headed in the right direction is to figure out how you can guarantee failure.  Once you learn how to guarantee failure, avoid those things at all costs! Check out the show to learn the 10 things you’ll want to be careful you’re not wasting your money on.  Some of these things might be robbing you of your future! If you don’t want to take it from me, take it from Warren, one of the greatest investors of all time! Here are some great quotes from Mr. Buffet: “The most important investment you can make is in yourself. That’s how knowledge builds up. Like compound interest.” “I’m not prude about it, but to quite an extent, gambling is a tax on ignorance.” “Do not save what is left after spending, but spend what is left after saving.” Check out the full MSN article.  By the way, if you want to dive a little deeper and make sure your cash is flowing in the right direction, check out the Plan For Profit Workshop happening on 8/29!   Plan for Profit Workshop Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a short call with me here!    P.P.S. Want to read how I completely turned my finances around? Get a free copy of my book Fitness Profits.     

#233:  Before you check out the 3 ways to improve cash flow, I wanted to make sure you knew about a special workshop we’re doing on 8/29.  Plan For Profit Workshop What are some simple metrics by which to run your gym? They need to be simple because if they’re not, chances are they won’t get used.  In today’s episode, Dam Kleckner and I dive into the important metrics and then some.  In addition to the simple numbers by which to run your gym, Dan breaks down a simple formula for generating all the leads you might need. Paid ads are great but you might want to ensure you’re doing these first.  Finally, Many owners are confused about when and how to expand their business. After tuning in, you’ll have some clarity around additional locations.  Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a short call with me here!  P.P.S. Want to read how I completely turned my finances around? Get a free copy of my book Fitness Profits.  P.P.P.S. Sign up for the Plan For Profit Workshop here!    

#232:  Before you check out the 3 ways to improve cash flow, I wanted to make sure you knew about a special workshop we’re doing on 8/29.  It’s called Plan For Profit and we’ll be doing exactly that! Isn’t that exciting?!? I hope you’ll join us for a time of learning, growing, and improving cash flow! Check out the webpage for the event or just register here! You’ll receive the access info as soon as you register! I decided to focus on cash flow for a few reasons.  Once, this time of year can be tricky when it comes to cash. It can seem more is flowing out than in and it might even be the case! This is the perfect time to address the issue head-on and plan for profit! Second, it’s overlooked.  Many people talk about gross revenue.  Some talk about profit.  The very best know the “magic is in the margin” and for that reason, they focus on cash.  Finally, it’s fun. It’s not about the money itself.  Money is not a goal. It’s a tool to do the things you want.  For those reasons, check out 3 points to look at when thinking about your cash flow.  For a more in-depth look as well as guidance planning for profit, check out the workshop and sign up here  Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. If you need help setting up your business to help you “catch up” financially, book a short call with me here! It’s closer than you think!   P.P.S. If you don’t have clear financial goals and a path to get there, please book a call here.  

#231: Feeling behind financially isn’t a good feeling.  If that’s the case for you, you’re in good company.  Most people in this country are NOT prepared for retirement.  It’s easy to believe the lie that “it’s too late” or “why bother.”  I’m here to tell you that it’s never too late to improve your financial situation.  Just like people can build muscle in their nineties, they can make different financial decisions to improve their future.  I’m hearing more and more stories about people who accumulated a solid nest egg without taking several decades.  I’m not going to lie and say it’s going to be easy but it’s worth it.  I know the feeling all too well as I was definitely a late starter.  In this episode, I share some exact steps and a framework you can use to get started TODAY! Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. If you need help setting up your business to help you “catch up” financially, book a short call with me here! It’s closer than you think! P.P.S. If you don’t have clear financial goals and a path to get there, please book a call here.    

#230 Would you rather have hundreds of thousands (maybe millions) of dollars or drive a brand new top-of-the-line car? Well, that choice might be a reality.  The average new car payment in the U.S. is now a whopping $735.  What could you do with an extra $735 each month? In today’s show, we dive into the actual cost of new (or even used) car payments.  I am in no way trying to be the fun police so if driving a fancy car is important to you, do you boo.  However, if you’re wondering if there might be a better way to look at cars, these concepts can be powerful.  My goal with this content is not to make it one or the other. You can have a car you enjoy AND build your desired future.  Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. If you are just starting or have been in business for a while but need a reset, book a short call with me here!  P.P.S. If you don’t have clear financial goals and a path to get there, please book a call here.    

#231                                                                     After over 200 episodes I’m doing something for the first time.  I wanted to present to you an interview I did on another podcast.  The podcast is called Profit Made Simple and the host is Daniel Henderson.  Thankfully, I’ve been on many industry podcasts but I wanted to share this one for 2 reasons.  First, Daniel is Australian and I’m from NY so the conversation might be entertaining just because of that.:) Seriously, we are both so passionate about finances as they relate to the fitness business that it created a unique conversation.  We tackled topics like: How to go from debt to financial freedom Common financial mistakes you’ll want to avoid Actionable tips to achieve a financially healthy business How to ensure you stay Fitness Business Money Smart                                                               Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. If you are just starting or have been in business for a while but need a reset, book a short call with me here!  P.P.S. If you don’t have clear financial goals and a path to get there, please book a call here.