The Fit Financial

Amanda Hanquist
The Fit Financial

Welcome to The Fit Financial Podcast, where we dive deep into the mindset, strategies, and habits that you build wealth and financial confidence. I’m Amanda Hanquist, a financial planner specializing in behavioral finance, and I’m here to help you break through financial barriers, master your money, and create a strategy for lasting success. On this podcast, we’ll cover everything from business and personal financial strategies to wealth-building, investing, and the psychology of money—because financial success isn’t just about numbers; it’s about mindset and smart decision-making. Whether you're a business owner navigating cash flow, a professional growing your investments, or simply someone who wants to feel more confident in your financial future, this podcast is for you. Get ready to take control of your money, change the way you think about wealth, and start building the financial freedom you deserve! Don’t forget to subscribe, and if you love what you hear, share it with a friend! Let’s get financially fit!

  1. How to build a profitable pricing strategy for your business

    2024. 08. 06.

    How to build a profitable pricing strategy for your business

    Welcome to The Fit Wealth Show, In the dynamic world of online business, determining the right pricing strategy is crucial for remaining competitive while ensuring profitability. The right pricing strategy can attract your ICA and drive your business Buuut, striking the perfect balance between competitiveness and profitability requires a strategic approach. Today on the show, we’re talking all about pricing strategies from a financial professional view to provide insights on how to implement them effectively. So ditch that whiteboard, grab your P&L’s and let’s get to it, this is the Fit Wealth Show!  Understanding your costs, you can’t figure out where to go, if you don’t know where you are...meaning you can aim for what other similar online business owners are doing, but we assume you are unique in what you offer and who you offer it to, so let’s start with the cost of doing business:  Fixed Costs: These are expenses that do not change with the level of production or marketing, rent, salaries, and insurance.  Variable Costs: These costs vary directly with the level of production or sales, such as merchants, fulfillment of services, and raw materials   Break-even Point: The break-even point is where total revenue equals total costs, resulting in neither profit nor loss. Understanding this point helps in setting a baseline for your pricing strategy.  Using your financial statements to help you decide, vs. A whiteboard  Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com  IG: Shawn @fitwealthadvisor  IG: Amanda @thefitfinancial_    The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

    32분
  2. The Most Critical KPI's for Online Business Owners

    2024. 07. 30.

    The Most Critical KPI's for Online Business Owners

    Welcome to The Fit Wealth Show, do you know the numbers in your business that will drive performance that will outlast the test of time? Key Performance Indicators (KPIs) are essential metrics used to gauge the performance of a business against your desired goals. Today on the show we are talking about the most important financial KPI’s that will either drive your business, or drive it right into the ground.  So, ditch that whiteboard, grab your P&L’s and let’s get to it, this is the Fit Wealth Show!  Revenue: Measures the increase in a company's sales over a specific period.  Net Profit Margin: Indicates the percentage of revenue that is profit after all expenses are deducted.  Gross Profit Margin: Shows the percentage of revenue that exceeds the cost of goods sold (COGS).  Regularly tracking and analyzing these KPIs  Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com  IG: Shawn @fitwealthadvisor  IG: Amanda @thefitfinancial_    The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

    35분
  3. How to Pay Your Kids from Your Business to Save Money on Taxes

    2024. 07. 23.

    How to Pay Your Kids from Your Business to Save Money on Taxes

    Welcome to The Fit Wealth Show, have you ever wondered if adding your kids to your payroll could save you money on taxes? Is it too good to be true, is it something that the IRS frowns upon? Well stay tuned for today’s episode of the Fit Wealth Show where we talk about the ins and outs and “how to’s” for paying your kids from your business. What is the purpose or goal of paying your kids from your business The 3 Steps for Paying your Kids from your business How to implement this as a tax strategy for your business How to use the money you pay your kids How to make your kids millionaires with the money they make Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com    IG: Shawn @fitwealthadvisor  IG: Amanda @thefitfinancial_    The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

    41분
  4. Infinite Banking Explained, Why it's Talked About During a Down Market

    2024. 07. 16.

    Infinite Banking Explained, Why it's Talked About During a Down Market

    Welcome to The Fit Wealth Show. During uncertain times, financial strategies that emphasize stability and long-term gain often get increased attention. Life insurance banking for example, often associated with the Rockefeller family is one of these strategies frequently marketed by “wealth guru’s” everywhere, but is this strategy what they say it is? In this episode of the Fit Wealth Show, we’re talking about what life insurance banking really is and when it might be or may not be relevant for the business owner. This is the Fit Wealth Show!  Because Insurance is such a big part of the financial planning process, I wanted to bring up this popular topic in the life insurance sales world, with it being an election year, it can spark volatility, which then also sparks this big topic of “what the Rockefeller's did” to create generational wealth, aside from being the richest family in America in the first place.  What is Infinite Banking or Life Insurance Banking? Why life insurance banking is so popular during a down market? How the Rockefeller Family Uses this concept Why is there a divide between a financial planner and life insurance agent? How does life insurance banking impact one's overall financial forecast? When should a business owner ever consider life insurance? Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com  IG: Shawn @fitwealthadvisor  IG: Amanda @thefitfinanical_    The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

    39분
  5. To Rent or Buy in 2024 and How to Prepare as a Business Owner

    2024. 06. 25.

    To Rent or Buy in 2024 and How to Prepare as a Business Owner

    Welcome to The Fit Wealth Show. The decision between whether or not to rent or to buy a home is one of the most significant financial choices a person will have to make. There are both advantages and disadvantages to each side. Today on the show, we’re diving into the topic of whether to rent or to buy in 2024 and also, what you can do to be prepared as a business owner if buying is in your near future. This is the Fit Wealth Show!  Renting vs. Buying, the good and bad  Duration of stay  How important are market conditions  Building investment/equity  Preparing for homeownership as a business owner  What will the bank want to see?  Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com  IG: Shawn @fitwealthadvisor    The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

    37분
  6. Wealth is Often Silent, How to Build Your Wealth as a Business Owner

    2024. 06. 18.

    Wealth is Often Silent, How to Build Your Wealth as a Business Owner

    Welcome to The Fit Wealth Show. Today, the concept that wealth is often built silently, the idea the true financial success is about stability, security and making informed financial decisions instead of boasting and showing off all of the latest trends. This is the Fit Wealth Show! The nature of silent wealth How does this happen with compounding interest We've watched this firsthand personally and with clients who understand their money Making educated financial decisions, instead of putting your back against the wall  Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com  Follow Shawn on Instagram @fitwealthadvisor   The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

    37분
  7. Why is Cash Considered King for a Business Owner?

    2024. 06. 11.

    Why is Cash Considered King for a Business Owner?

    You’re listening to the The Fit Wealth Show. Today, we are talking about the importance of having cash on hand as a business owner. It’s crucial not just for expanding your business but also for seizing unexpected opportunities that might come your way. Having readily available funds could allow you to act quickly on opportunities, potentially driving significant growth in your net worth. Today, let’s talk strategies to maintain a healthy cash reserve and how it can propel your business forward.  In this episode we share our story of how us having cash opened a door for an investment property We walk through the business owners financial order of operations Where do future dreams come in, in business? What about low interest debt payoff?  Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com  Please visit Shawn on Instagram at @shawnhanquist     The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

    24분
  8. Cybercrime and the Financial Damage

    2024. 05. 28.

    Cybercrime and the Financial Damage

    I’m Amanda Hanquist, the Fit Financial, have you ever or do you know anyone who has ever been a victim of financial cybercrime? Well, we do, and it happened to us personally. Today on the podcast, we’re talking about cybercrimes, what you need to be aware of, how you can protect yourself and of course telling our story of our $100,000 loss. This is the Fit Financial. Who investigates Cyber crimes?  The biggest concerns when it comes to cybercrime  Who is primarily at risk?  What are cyber criminals targeting?  What do consumers need to watch out for?  Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com  IG: Amanda @thefitfinancial_  IG: Shawn @shawnhanquist     The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

    35분
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Welcome to The Fit Financial Podcast, where we dive deep into the mindset, strategies, and habits that you build wealth and financial confidence. I’m Amanda Hanquist, a financial planner specializing in behavioral finance, and I’m here to help you break through financial barriers, master your money, and create a strategy for lasting success. On this podcast, we’ll cover everything from business and personal financial strategies to wealth-building, investing, and the psychology of money—because financial success isn’t just about numbers; it’s about mindset and smart decision-making. Whether you're a business owner navigating cash flow, a professional growing your investments, or simply someone who wants to feel more confident in your financial future, this podcast is for you. Get ready to take control of your money, change the way you think about wealth, and start building the financial freedom you deserve! Don’t forget to subscribe, and if you love what you hear, share it with a friend! Let’s get financially fit!

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