Your Fitness Money Coach Podcast - Helping Gym Owners Build Profitable Businesses

Everyone loves lists! Most lists tell you things to do.  In today's show, I'm going to do the opposite. We're talking about ways to "blow up your finances."  Much of a successful life is simple not making stupid decisions.  I'll never forget something my dad told me as I was starting my family.  He looked at me and said, "Boo (his name for me), you have a beautiful family. Don't mess it up." So si...

Some people who may be against personal consumer debt believe it's OK to carry business debt. For example, while they may be careful to borrow money personally, they'll swipe the card and carry a balance on the business side without a concern.  Some business owners see the value of being debt-free and want a plan to pay it down so they can have more financial freedom.  A question I hear often is "...

The good folks at Strengthcoach.com recently had me do a webinar for their elite and exclusive membership community.  My talk was with Brendon Rearick and we had a blast.  Brendon and I both share a passion for the fitness profession as well as finance which made the webinar dynamic.  Here were some of the highlights: The influence of John Maxwell's Make Today Count on Brendon In your twenties, fo...

Diffused light doesn't have that much of an effect.  However, sun light magnified can light glass or paper on fire.  Focus that light some more and it can become a laser! It today's episode, I cover why so many struggle to find financial success.  Most people are more like the diffused light than the laser.  Working towards 7 financial goals won't create much traction but being laser focused on on...

Everyone seems to want to earn more money.  That certainly isn't a bad thing. Typically, earning more money means you are either delivering more value to people or helping more of them. It is going to require work.  I have some good news for you today.  I'm going to share how you can achieve a 3K raise with very little effort.  In fact, some of it will require almost no effort.  Don't write me off...

Is Trying to Act Rich Keeping You Broke? Oftentimes when millionaires are asked what books made the biggest difference in their lives, The Millionaire Next Door by Thomas Stanley is at the top of the list. I got hooked on Stanley's books years ago and one of my favorites was called Stop Acting Rich. He talked about the difference between the rich and the ultra-rich and many people don't get ahead...

When I started the podcast, part of the vision was to have some of the brightest minds in the fitness business and financial world as guests.  Thankfully, that dream has become a reality and now I'm excited to share a conversation with someone who has revolutonized the business world.  Mike Michalowicz is most known for flipping the accounting equation on it's head with his Profit First method. Th...

I recently had the good fortune of spending some time around some really excellent businesses.  While these businesses aren't perfect, they are on mission, shaking things up, and getting stuff done.  While I'm not happy to admit this, if I'm honest, I had the thought that most fitness businesses aren't operating that way. Far too many are treating their business like a hobby.  It's time to change...

We recently did our debt free scream at Ramsey Solutions after paying off 470K in debt over 12 years.  One of the questions Dave asks is, "What do you tell people the key to getting out of debt is?" I spent some time reflecting on that question and ultimately came up with 3 keys.  First, being on the same page with Melissa about our plan and goals was absolutely crucial.  Second, we focused a lot...

One thing I noticed from experiencing a tremendous financial turnaround and helping any others with their financial goals is the importance of principles.  Oxford says that a principle is a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.  Having and living out principles will: ·          Give you confidence in your deci...

  Subject: How Rich Fit Pros Think Nothing will change financially or otherwise without changing your thoughts.  Our actions will always be in line with our thoughts.  For example, if I believe I have a "sweet tooth," what do you think I'll do when someone offers me a random cupcake? However, if I see myself as someone who doesn't eat random cupcakes, it'll be a different story. Most people have m...

Most fit pros strive for success backward.  They try to develop the perfect product or service and then find the client or customer to fit with what they created.  I was beyond excited to bring Ryan Lee on the show. His track record is second to none. He's built many successful businesses and after being in the industry for decades myself, I've not heard one bad word spoken about Ryan.  We discuss...

What if I told you that you could completely turn things around financially or in any area? You can't change your past but you can learn from it and change your future.  I've had a significant turnaround in many areas, including finances.  I've also helped many others do the same.  I don't say that to impress you but to impress upon you that YOU can change.  Is it easy? Run from anyone who tells y...

Getting financially organized was paramount in my own financial journey.  When things are disorganized, it feels chaotic and out of control.  For that reason, today we are talking about getting organized.  The show is broken into 3 sections.  First, we need to have clear targets. You'll learn the 3 areas you must have clear targets.  Next, targets are great but we need to measure against them. Thi...

Two weeks ago I shared 3 ways for personal training gyms to increase their revenue.  Today, we are taking it a step further and discussing 3 steps (simple) for fit pros to get rich.  You may not like the word rich. Different people have different hang ups around certain words. That's fine. You can call it wealth, abundance, or whatever you want.  Here is a quick overview of the 3 primary steps for...

My interview with Dustin Bogle, CEO of Lead the Way Fitness and Gym Reinforcements, was one of my favorite conversations to date.  The amount of sound bites that could be pulled from this is astounding.  If you're not where you want to be, there could be several reasons for it. Here are some possibilities: Things aren't simplified enough You don't have the appropriate systems Your identity is off...

There are 3 primary steps for personal trainers (or anyone) to get rich.  Although I'll be recording another episode shortly diving into the steps, here they are: 1.      Live on less than you make - This may not be what you want to hear but you will never be rich if you spend everything you make. 2.      Increase Your Income - Your ability to earn more income is one of your greatest predictors of...

AI and Chat GPT seem to be all the rage right now.  For that reason, I decided to bring Justin Devonshire on the show to give us the scoop on what it is as well as what it can and can't do.  Spoiler alert. You're not out of a job.  In addition to discussing Chat GPT, we talked about something even more important… A game plan for developing the specific skills you'll need to develop in order to fin...

Today we are addressing the issue of whether to pay off the house or not.    It's an age-old debate in the financial world.    On one hand, it seems foolish to pay down the mortgage faster than you have to, especially if you could invest the money and make more than the interest you're paying.    It goes something like this. "Why would I pay down my 3% loan if I could take that same money and make...

Since we've moved to a new area, one of my favorite things to do is ask people how they like it.    I am so fascinated by the different responses.    After talking to lots of people, here's my conclusion.    Maybe not one hundred percent but most of the ones that love it would probably be happy wherever they lived and most of the ones who hate it would be miserable anywhere.    I believe our perce...

We've all heard the financial experts tell us, "You need 3-6 months living/business expenses set aside." While I don't disagree with this advice, there is more to the picture. For starters, based on your current budget, how much would 3-6 months be? In today's show, learn step-by-step how to determine what your 3-6 month fund might look like as well as how things would look if there were an actual...

We often overcomplicate things, try to track everything, and end up either tracking nothing or not changing anything as a result of what we're tracking. The best way to move forward is with a simple step. This episode is that step. The "5 Numbers Every Fit Pro Needs to Track" will break down each number you need to track, what it means, how to track, and how often to measure it. I also have a real...

Since I just experienced what was arguably the biggest transition of my life, moving my entire family to a completely different part of the country, I felt qualified to give some insight.  While we certainly can't always plan for what will happen in our lives, there are definitely things we can do to help us better prepare when they arise.  You may not be making a big physical move.  However, you...

It's been a long time coming but I was excited to have Kelli Calabrese come on the show.  Kelli has a tremendous amount of experience both in the fitness industry and in life.  She's been a leader in the industry for decades and is one of the rare few who have found massive success with multi-level marketing.  None of those are the reasons why I wanted to have her on though.  The primary reason is...

I was recently interviewed by Dustin Bogle of Gym Reinforcements.  Honestly, I've lost count of how many podcasts I've been on but this was one of my favorite interviews. That show will drop in early April most likely and I'll certainly share it when it does.  For now, I recorded a short episode where I cover the 3 most common Financial Mistakes Fit Pros Make .  Here is my advice to you. More reve...