216 episodes

The Your Fitness Money Coach Podcast motivates and teaches you to increase your profits, build wealth, and achieve your dreams while doing what you love. Billy Hofacker is your host and has over 20 years of in the trenches fitness business experience. He is the creator of the Financial Freedom For Health and Fit Pros course. Discover how you can organize your finances, pay down debt, and become financially free so you can achieve all you were destined to be.

You’ll hear stories of Fit Pros like you crushing it with their business and finances, interviews with world class fitness business and financial experts, and get tons of motivation and actionable info.

Your Fitness Money Coach Podcast Billy Hofacker

    • Business
    • 5.0 • 96 Ratings

The Your Fitness Money Coach Podcast motivates and teaches you to increase your profits, build wealth, and achieve your dreams while doing what you love. Billy Hofacker is your host and has over 20 years of in the trenches fitness business experience. He is the creator of the Financial Freedom For Health and Fit Pros course. Discover how you can organize your finances, pay down debt, and become financially free so you can achieve all you were destined to be.

You’ll hear stories of Fit Pros like you crushing it with their business and finances, interviews with world class fitness business and financial experts, and get tons of motivation and actionable info.

    How to Read a Financial Statement Part 1 (P&L)

    How to Read a Financial Statement Part 1 (P&L)

    #218:
    We start our 3-part journey of reading financial statements. 
    There is no better place to start than with the mack daddy of the financial statements, the P&L. 
    The P&L, also called an income statement, shows your company’s revenue, expense, gains, and losses over a given period (e.g. 3 months).
    Why it’s important is obvious but listen to this bite-sized episode for a deeper (but simple) look. 
    Developing the habit of reviewing your P&L properly each month is crucial for you to reach your potential for impact and financial success. 
    Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
    Listen and grow!
    Your Financial Coach,
    Billy 
    P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! 
     
    P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
     
     

    • 10 min
    How to Build a Fitness Business Unicorn - An interview with Mark Fisher

    How to Build a Fitness Business Unicorn - An interview with Mark Fisher

    #217: When I say “Fitness Business Unicorn,” I’m talking about a fitness business that is highly desirable yet difficult to attain. 
     
    Mark Fisher brings a wealth of experience not only building a Fitness Business Unicorn (Mark Fisher Fitness) himself but also helping other fitness businesses do the same. Many (all) of those businesses don’t have the same ingredients (e.g. being in Manhattan). 
     
    My point in saying that is although MFF is undeniably unique, we can all learn to implement the same solid principles in our business regardless of the location, target client, etc. 
     
    This value-packed conversation is a master class for gym owners who want to go from a lack of money and the less-than-ideal schedule that the industry is known for to more leads, amazing clients, and more income. 
     
    Applying the concepts we discuss here is guaranteed to bring in all the leads you’ll ever need. The best part is it’s all simple, low-hanging fruit that anyone can do regardless of financial situation. 
     
    There is also much more as it relates to mindset and personal development. This is where the real juice is! Can’t wait for you to listen!
    Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
    Learn more about Mark's Business Mastermind here. 
    Listen and grow!
    Your Financial Coach,
    Billy 
    P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! 
     
    P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
     

    • 46 min
    Behind on Finances? Don’t do This?

    Behind on Finances? Don’t do This?

    #216: 
    Finances like life are a journey with many ups and downs and twists and turns. 
    The good news is just like life, you can get quite a ways off course, and still recover and finish strong. 
    The older we get, the less true that is. 
    Losing 100% of your net worth at 25 is completely different than that happening at 45 or especially 65. 
    Oftentimes when we are behind, we are more likely to look for the “hail mary.” 
    We invest in something we don’t understand or put all our hope in crypto. 
    This topic is important to me because I was behind. I had no savings and no plan. 
    I was headed for trouble financially. 
    I followed the principles I share in this episode and they have served me well. 
    Applying the steps outlined in this show allowed me to quite literally become a different person, financially and otherwise. 
    If you’re behind financially, join the club! With some simple steps and consistency over time, you can turn things around!
    Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
    Listen and grow!
    Your Financial Coach,
    Billy 
    P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! 
    P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
     
     

    • 22 min
    From the Bottom to the Top - An Interview with Aaron Hines

    From the Bottom to the Top - An Interview with Aaron Hines

    #215:  Aaron started his gym like a lot of us do, because he wanted to help people and he saw how fitness helped him. 
     
    He started on his own after a corporate stint making just a few hundred dollars per month. 
     
    He put his head down, worked hard, and started making real money. 
     
    While he built up a great business and developed a positive relationship in his community. 
     
    There was one problem. He wasn’t paying himself enough. 
     
    He knew things needed to change as he didn’t like the money anxiety he was experiencing. Signing up more clients was great but it didn’t necessarily fix the stress around it.
     
    He decided to get money smart. He improved both his mindset and his money skills. 
     
    Now Aaron takes home a healthy amount each month, closer to what he’s worth. 
     
    He’s got stacks of cash which helps lower stress levels. He’s intentional with his money. He now has a more abundant money mindset, and much of the chaos around money has been removed. 
     
    Check out Aaron’s story and how the same strategies that worked for him can work for you. 
     
    *By the way, Aaron just some numbers as they relate to personal income. Just to be clear, those are what Aaron pays himself in salary. His net owner benefit (NOB) is in 6-figures. 
    Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
    Listen and grow!
    Your Financial Coach,
    Billy 
    P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! 
     
    P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
     
     

    • 47 min
    The 4 Day Work Week - An Interview with Charles Alexander

    The 4 Day Work Week - An Interview with Charles Alexander

    #214: 
    Do you find you find yourself working long hours without feeling like you're moving the needle? 
    If so, you’ll want to listen to this action-packed interview with Charles Alexander, creator of the $ Day Work Week. 
    Whether you end up working 4 days or not, there are some takeaways guaranteed to improve your life and increase your profits. 
    Charles and I discuss:
    The 2 crucial steps to cut at least 4 hours out of your work week while sacrificing zero income loss
    How to know what your high-value tasks are
    An exercise to guarantee you don’t fall into the dangerous “hustle and grind” mindset
    Learn more about Charles and his programs at www.YourcharlesAlexander.com. 
    Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
    Listen and grow!
    Your Financial Coach,
    Billy 
    P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! 
     
    P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
     
     

    • 37 min
    Think like an investor

    Think like an investor

    #213:  As per The E-Myth Revisited by Michael Gerber, most business owners start as technicians. 
    For them to move past being the chief cook and bottle washer, they have to learn to improve their systems and create repeatable processes that others can do. 
    The goal is to get to a point where personal needs are met and there is a little extra to take care of others, gain more freedom, etc. 
    Part of that process includes learning to think like an investor. 
    While many people make decisions based on the short term and what feels good, investors think about the long term. 
    Charlie Munger said, “Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it’s time.”
    Some of the characteristics of those who think like investors are:
    They know the best path isn’t always intuitive
    They balance their decisions for both short and long-term gains
    They understand math
    They know how to view others
    They invest in what they understand
    By listening to Think Like an Investor, you’ll learn actionable steps on how to think and make better decisions today. Your current and future self will thank you!
    Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
    Listen and grow!
    Your Financial Coach,
    Billy 
    P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! 
    P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping. Remember there are no successful fitness business owners who don’t have accurate financial records and reporting! It’s an absolute game-changer and one of the best things you can do. 
     
     
     

    • 24 min

Customer Reviews

5.0 out of 5
96 Ratings

96 Ratings

drew saenz ,

Billy’s insight makes you profit ✅

For years in business I thought about top line revenue and rarely profit.
The insight Billy shares helps me move in needle to manage both personal and business finances better.

Local Esco ,

Must-Listen Podcast for Health and Fitness Entrepreneurs

Each episode is packed with tips to help you organize your finances, crush your debt, and achieve financial freedom. Billy's contagious enthusiasm will inspire you to reach new heights in your business and bank account. From his own success stories to interviews with fitness and finance experts, you'll gain priceless insights you can put into action right away.

Forest V ,

Go-To Money Podcast for Fit Pros

If you are a fit pro looking to get your money right, you are in the right place!

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