About this episode
In this episode of the Dollars and Dumbbells podcast, host Justin Green, a financial planner for online coaches, creators, and entrepreneurs, shares a conversation with Emily Carlson, a former nutrition coach turned content creator coach.
They discuss three major financial mistakes online coaches commonly make:
Focusing on revenue instead of profit
Lack of preparing for taxes
Not paying themselves enough
and other practical tips on better money management to help online coaches build sustainable and profitable businesses
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00:00 Introduction and Guest Overview
02:14 Meet Justin Green: Financial Advisor for Online Coaches
04:04 The Importance of Profit Over Revenue
09:21 Mindset and Budgeting for Coaches
10:44 The Pitfalls of Outsourcing Too Early
11:39 Choosing the Right Business Mentor
18:00 The Reality of Fast Cash Frameworks
23:27 Understanding Taxes for Coaches
27:14 Implementing a Simple Operating System
27:33 Setting Aside Taxes First
30:29 The Importance of a Rainy Day Fund
31:18 Paying Yourself as a Coach
34:51 Building a Sustainable Business
47:13 Balancing Risk and Management
48:41 Final Thoughts
