Build Your Wealth Muscle

There are many ways to save on taxes, but some strategies must be addressed at the beginning of the year.  In this episode, we will discuss three tax savers to maximize your savings. Episode Highlights: What tax tips are NOT time sensitive 3 Tax strategies that you must look into now 1 problem with Sole Proprietorships Links: Map How Your Money Flows: Map My Money Save Taxes in your business:...

Setting business goals is an important part of achieving success in business. In order to make sure you are on the right track, it is essential to be proactive and plan ahead. Now is the perfect time to start planning your 2023 business goals. In this episode, I will provide you with a helpful guide on how to set your objectives and create a roadmap to define & measure your progress. Episode H...

The start of a new year is the perfect time to refocus and get your finances in order. With the right strategies and dedication, you can put yourself on track to achieve your financial goals. Here are three ways to organize your money for the New Year that will help you save more and spend smarter. These tips can help you have a financially successful 2023. Episode Highlights: How to Separate your...

Zach Mobius is the Founder of Duxata - software for fitness coaches who want to sell once and get paid for life. It helps coaches consistently grow revenue through improved client retention and referral generation. In today’s fast-paced world, it is essential for businesses to find ways to ensure their clients have a smooth and efficient experience. One way of doing this is by reducing client chec...

As the end of the year approaches, fitness professionals should be aware of the various tax decisions that need to be made in order to stay on top of their taxes. With several potential strategies for making the most out of any given tax situation, it can be difficult to know which ones are the most critical. This episode will provide an overview of five key decisions that fitness professionals sh...

Noah Defraties is the VP of Crypto Education at DRIVEN Trading. Tune in and find practicals on many levels and strategies for trading and hear the story of his experience in the industry of finance. Noah also has online fitness coaching: https://www.noahfitness.com/ Episode Highlights: What happened with FTX scam What Noah sees as the future of crypto Ways to do due diligence with crypto Links: ht...

As the end of the year approaches, it's important to be mindful of potential tax mistakes that could have a negative impact on your finances. As a fitness entrepreneur, you may be especially vulnerable to making these errors. Tune in to find out more! Episode Highlights: 3 Year-End Tax mistakes to Avoid The problem with S-Corps in December Difference between tax preparers & tax advisors Links:...

Lukas Duncan started LBD Training in 2013 with one goal in mind: to use his knowledge and expertise, gained from over 10 years in the fitness industry, to help as many people as they could to reach their fitness goals. He is a fitness transformation specialist. Episode Highlights: Lukas Duncan’s 3 Rules of business The Marketing strategy Lukas spent $500,000 on 1 free strategy he recommends Links:...

Nick Ross is a Bodybuilder, motivational speaker and cancer survivor.  During Nick's battle with a cancer diagnosis at the age of 32, he found an algorithm for success using NLP's methodologies to create rapid, radical, and sustainable change no matter your conditions in life. In a small amount of time, Nick was able to transform his physical body using fitness and nutrition which led him dow...

Health insurance is a vital part of financial planning for fitness professionals. A Health Savings Account (HSA) can help cover out-of-pocket costs and save on taxes. This episode will explore the best health insurance options and how to make the most of an HSA for fitness professionals. Tune in to know more! Episode Highlights: When you can get a new health insurance plan A myth about NOT being a...

John is a wrestler, professional mixed martial artist, and competitive bodybuilder. He is a top performer, develops teams for his organization, and has experience turning underperforming markets around Washington, Nevada, Alaska, Missouri, Kansas, and Arkansas. He trains people how to produce results and not make excuses. John is the founder of yepstrength.com. “Your battle cry for strength and pe...

As a fitness coach, you may be wondering how to help your business weather an economic storm. While it may be tough, there are still ways to make it work. Tune in as I talk about 3 recession protection strategies for fitness coaches: Mistakes to avoid with an Emergency Fund Why Profit & Loss Statement could mislead you in a recession One expense NOT to cut Links: Map How Your Money Flows: Map...

As a fitness entrepreneur, it's important to save for taxes throughout the year. This ensures that you have the money when tax time comes and prevents you from being in debt to the IRS. Tune in as I shared some tips on how to save for taxes. Episode Highlights: Why some people do NOT make quarterly payments How to build your tax savings account 2 payment portals to use for easy IRS payments LINKS:...

There are a lot of different investment options out there, and it can be hard to decide which one is right for you. If you're considering opening an IRA, you may be wondering whether a Roth IRA or Traditional IRA is the better choice. This episode will help you understand the key differences between these two types of IRAs so that you can make an informed decision about which one is right for you....

As a fitness coach, you can take advantage of energy tax credits to help offset your costs. The federal government offers a number of tax credits both inside and outside of your business.  Learn how they were updated by the new Inflation Reduction Act. Tune in to find out more! 1 myth about the New IRS funding How the Electric car credit works Ways to save taxes by improving your home LINKS:...

In this episode, I'm going to share with you the differences between a SEP IRA and a Solo 401K for Fitness Professionals. Some of the topics we're going to cover are: how much you can contribute, age limitations, and the unique times that a SEP IRA could be better than a Solo 401K. Episode Highlights: What are the Contributions Limits The Deadline for SEP IRA & 401K How to Take Advantage of lo...

As a fitness professional, you likely have many questions about what you can do to reduce your risk of being audited by the IRS. While there is no guaranteed way to avoid an audit, there are some steps you can take to minimize your risk. Tune in to know more! Episode Highlights: Audit rates for different income levels IRS statute of limitations to audit you 5 ways to reduce audit risks Links: Map...

There are many things to consider when choosing whether to classify your team as employees or 1099 contractors for your fitness business. There are rules and guidelines to help you determine how to classify & pay your team. Here are some things to keep in mind as you decide which is right for your business. Episode Highlights: How to classify your Team as Employee or 1099 Contractor Consequenc...

As a fitness professional, you know the importance of staying healthy and fit. But have you thought about what will happen to your assets when you pass away? Estate planning is an important part of ensuring your loved ones receive the money you worked so hard to make. In this episode, I will share some free and easy estate planning strategies for fitness professionals to help you plan for the futu...

Are you a fitness professional looking to start your own LLC? In this episode, we'll walk you through the three requirements for fit pros to start an LLC. You'll learn about the business entity itself, so whether you're just starting out or you're already in business, this episode is for you! Episode Highlights: 1 Misconception about LLCs What is required to start an LLC 2 Things you must do every...

You'll often hear people say "time in the market is more important than timing the market." This is especially true in investing. The sooner you start investing, the more time you have to grow your wealth and compound your gains. But what if you don't have any money to invest? That's no problem. In this episode, Jeremy is with us to share his journey about investing early and its benefits! Advanta...

Felicia Romero a.k.a “The Wealthy Wellness Coach” helps online coaches sell and scale their online coaching business to create the freedom and wealth they desire. In this episode, she joins us to discuss: The biggest mistake Felicia sees Fitness Coaches making What your FIRST hire should be? ...and how much you should be spending on Marketing As always stay to the end Felicia shares her philosophy...

As a fitness entrepreneur, you know that the market is constantly changing. You're always on the lookout for the next big thing. But in the meantime, you need to pay the bills with your current business. Today I want to share with you 3 investment strategies that you should avoid if your goal is not just to survive but thrive in this market. Episode highlights: What is the Efficiency Frontier &amp...

How to stop hiding your income and start living a life of freedom. You'll learn why most millionaires report their income and how you can become one of them. You will learn: 3 Reasons you want to report ALL your income How long does it take to breakeven from paying taxes How to start organizing your income for tax season Links: Map How Your Money Flows: Map My Money Save Taxes in your business: Fr...

It's the beginning of the second half of the year and you're probably starting to think about how to save money on taxes, in this episode, you’ll learn 3 tax-saving strategies that are perfect for fitness professionals. You'll get a chance to see all of them and decide which one is the best for your situation. So if you're looking to save some money on your taxes this year, tune in now! Why tax fi...