166 - Financial Freedom for Online Coaches (replay Freedom Formula guest podcast)

Book a 90 Minute Financial Health Consult to get an actionable plan to better manage your finances. – In this episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™, is a guest on the Freedom Formula show hosted by business coach Stephen Kopshaw. We dive into how coaches could better manage their money, prepare for tax bills, and build long-term wealth. Key topics include avoiding unnecessary expenses for tax write-offs, and leveraging self-employment retirement accounts. Connect with Justin Green on Instagram Connect with Stephen Kopshaw on Instagram - 00:00 Introduction to the Podcast 00:33 Reconnecting with Stephen Kopshaw 01:09 Financial Planning for Coaches 04:18 Tax Preparation Tips 07:23 Managing Your Tax Payments 19:28 Emergency Funds and Debt Management 20:43 Investing for Self-Employed Individuals 21:18 Understanding Different Investment Accounts 22:12 Roth IRA: Benefits and Drawbacks 23:02 Taxable Brokerage Accounts Explained 23:53 Emergency Funds and Business Cash Flow 24:53 The Importance of Managing Business Profits 26:17 High-Interest Debt vs. Investment Returns 28:00 Should You Invest in Crypto? 35:47 The Wealthy Coach Playbook 39:47 Tax Write-Offs: Myths and Realities 43:12 Conclusion and Contact Information