163 - The 8 Numbers Every Online Coach Must Track to Build Wealth

In this solo episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™️, shares the ultimate guide to building personal wealth for Online Fitness Coaches. Connect with Justin Green⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Financial Health Assessment Quiz 00:00 Introduction and Podcast Mission 00:24 The Importance of Tracking Financial Metrics 01:04 Understanding Revenue 02:46 Calculating Profit 04:19 The Significance of Recurring Revenue 05:26 Paying Yourself as a Business Owner 06:30 Setting Aside Money for Taxes 07:55 Saving and Investing for Wealth 09:38 Monitoring Cash Reserves 10:16 Determining Personal Living Expenses 11:03 Final Thoughts and Next Steps 12:10 Conclusion and Disclaimer