About this episode
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 InstagramConnect with Stephen Kopshaw on Instagram-00:00 Introduction to the Podcast00:33 Reconnecting with Stephen Kopshaw01:09 Financial Planning for Coaches04:18 Tax Preparation Tips07:23 Managing Your Tax Payments19:28 Emergency Funds and Debt Management20:43 Investing for Self-Employed Individuals21:18 Understanding Different Investment Accounts22:12 Roth IRA: Benefits and Drawbacks23:02 Taxable Brokerage Accounts Explained23:53 Emergency Funds and Business Cash Flow24:53 The Importance of Managing Business Profits26:17 High-Interest Debt vs. Investment Returns28:00 Should You Invest in Crypto?35:47 The Wealthy Coach Playbook39:47 Tax Write-Offs: Myths and Realities43:12 Conclusion and Contact Information
