Your Fitness Money Coach Podcast Billy Hofacker

#231                                                                     After over 200 episodes I’m doing something for the first time.  I wanted to present to you an interview I did on another podcast. 
The podcast is called Profit Made Simple and the host is Daniel Henderson. 
Thankfully, I’ve been on many industry podcasts but I wanted to share this one for 2 reasons. 
First, Daniel is Australian and I’m from NY so the conversation might be entertaining just because of that.:)
Seriously, we are both so passionate about finances as they relate to the fitness business that it created a unique conversation. 
We tackled topics like:
How to go from debt to financial freedom
Common financial mistakes you’ll want to avoid
Actionable tips to achieve a financially healthy business
How to ensure you stay Fitness Business Money Smart                                                               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 are just starting or have been in business for a while but need a reset, book a short call with me here! 
P.P.S. If you don’t have clear financial goals and a path to get there, please book a call here.
 
 

#230                                                                                                                                                                               We are talking about an exciting topic, paying yourself!
Doesn’t that sound good?
Far too many gym owners and Fit Pros are either not paying themselves consistently or not paying themselves enough. 
Let’s fix that. 
This episode is a follow-up to #158 published on 2/28/23.
In that show, we discussed:
How to systematically pay yourself every month
How to determine how much to pay yourself
How to give yourself a raise
How to balance paying yourself and investing in business growth
 
This installment discusses the bigger issue of adjusting your mindset to ensure you are paying yourself. 
I’m pumped because I know someone’s life will change as a result of this change. 
 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 are just starting or have been in business for a while but need a reset, book a short call with me here! 
P.P.S. If you don’t have clear financial goals and a path to get there, please book a call here.

#229
Travis Barnes spent 10 years behind bars and managed to get out and grow his multi-million dollar company Journey 333 to 5 locations in 5 years. 
Today, along with Todd Durkin, he’s developing the Impact-X franchise. 
You do not want to miss this episode as it’s one of the most powerful shows we’ve done. 
It’s jam-packed with lessons that will improve your life, business, and relationships. 
We’ve all experienced adversity in our business and lives and if there is one certain thing, it’s that we’ll experience some more. 
While learning marketing and sales techniques are great, the lessons in this podcast are much more important. 
Tune in to learn:
What Travis can teach us after having “lost” 10 years of his life
How he moved through his “dark night of the soul”
How to keep an attitude of gratitude regardless of circumstances 
A sure-fire tactic to improve in ANY area of life 
We’ll be having Travis back for a second installment but please don’t miss the gems contained in this one!
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 are just starting or have been in business for a while but need a reset, book a short call with me here! 
P.P.S. Similar to having a good lawyer, having solid bookkeeping is crucial for long-term success. If you’d like your books taken care of so you can gain clarity and focus on what you’re uniquely good at, book a call at this same link.
 
 

#228 Today’s show was inspired by a book I’m reading called Switch by Chip and Dan Heath. 
Making a positive change isn’t easy but there are some things we can do to help ensure our success. 
One thing we know is helpful is having clarity on where we want to go. 
This is worth spending some time thinking about. 
As Zig Ziglar said, “If you aim at nothing you’ll hit it every time.”
Tune in to learn some specific examples of what a clear financial target looks like. 
Learn how to avoid the most common goal-setting mistakes regarding your dough. 
We also go through a quick checklist to make sure you’re on track with your financial goal. 
I hope this content serves as a gentle reminder to pursue a worthy goal and be able to go with the flow with whatever may come your way. 
Finally, I discuss 3 ways to help ensure you stay on track. Setting a goal is one thing but as it’s been said, you get paid for done!
 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 are just starting or have been in business for a while but need a reset, book a short call with me here! 
 
P.P.S. If you don’t have clear financial goals and a path to get there, please book a call here.
 
 

#277
Two areas you do not want to ignore as a gym owner are accounting and legal.
Good advice in these areas is worth their weight in gold. 
It’s a prime example of an ounce of prevention being worth a pound of cure.
Whether you’ve been in business for a while or are just starting, understanding the difference between different types of business structures can be confusing and overwhelming. 
For that reason, I brought Matt Becker from Gym Lawyers to answer our questions about all things legal. 
Just like you shouldn’t ask your dentist to fix your car, don’t ask an unqualified person for legal advice. 
You’ll want to make sure you are setting things up properly both to protect yourself and to have the highest chance of 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 are just starting or have been in business for a while but need a reset, book a short call with me here! 
P.S. Similar to having a good lawyer, having solid bookkeeping is crucial for long-term success. If you’d like your books taken care of so you can gain clarity and focus on what you’re uniquely good at, book a call at this same link.

#226 Today we’re talking about a topic that I’ve barely mentioned but is important to me. In 2012 I was in Todd Durkin’s mastermind. At that time, he had a “Book of the Month” which was recommended. 
One of those books was a Jeffrey Gitomer sales book. In the book, Gitomer recommended that readers join Toastmasters International if they were serious about communication and leadership. 
I joined immediately and have been a member for 12 years. 
We’ll be talking about what Toastmasters is and isn’t, how it benefited me, and my suggestions for 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.