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Showing episodes and shows of
Patrick Darby
Shows
Everybody Leads with Tim Lupinacci
Patrick Darby – EVP, General Counsel, and Corporate Secretary, Encompass Health
In this week's episode of the Everybody Leads podcast, Tim Lupinacci welcomes Patrick Darby, Executive Vice President, General Counsel, and Corporate Secretary of Encompass Health. Previously a partner at Bradley Arant in Birmingham, Darby is recognized in Chambers USA, The Best Lawyers in America, and Alabama Super Lawyers.During this episode, Patrick explores his leadership journey, beginning with his first significant leadership role as the elected editor-in-chief of the law review at Washington & Lee Law School, and transitioning from an accomplished bankruptcy lawyer to the General Counsel at Encompass Health. Patrick shares invaluable leadership insights, emphasizing the...
2024-06-19
32 min
Build Your Wealth Muscle
Episode 110: Do You Need a COO with Stephen Kopshaw
In this episode, Patrick Darby welcomes back recurring guest Stephen Kopshaw, a seasoned COO with extensive experience in helping businesses scale and optimize their operations. Stephen discusses the pivotal role of a COO, emphasizing how this position orchestrates team productivity and efficiency. They explore the common pain points businesses face, such as slowdowns in project completion and lack of team accountability, and how a COO can address these issues by implementing better communication, project management systems, and meeting cadences. Stephen explains the financial rationale behind hiring a COO, suggesting that a COO should help increase a company’s revenue by...
2024-06-19
26 min
Build Your Wealth Muscle
Episode 108: WHEN YOU OWE STATE TAXES
In this episode, Patrick delves into the complexities of state taxes, focusing on unexpected state tax liabilities and the concept of nexus. He covers who owes state taxes and under what conditions, including economic activity in a state without physical presence, dubbed as 'nexus'. Key nexus triggers are explored, such as W-2s from another state, owning rental property, business operations in other states, and sales without a physical presence. The episode also touches on gray areas in nexus laws and offers insights into how business owners can manage liabilities and avoid unexpected taxation. This episode aims to equip...
2024-04-24
26 min
Build Your Wealth Muscle
Episode 93: 5 TAX DEDUCTIONS FOR 2ND HALF OF YEAR
Join us today as we dive into savvy strategies for maximizing your tax deductions during the second half of the year. We'll review five crucial tax deductions that deserve your planning attention, shedding light on overlooked opportunities that could save you money. Additionally, learn about a tactical tax strategy that might be better suited for execution in January, allowing you to start the new year with a stronger financial footing. Tune in to gain expert insights and practical tips that will empower you to navigate the tax landscape with confidence. Episode Highlights H...
2023-08-23
24 min
Build Your Wealth Muscle
Episode 92: 5 REASONS TO HAVE A BOARD OF ADVISORS
Whether you're a startup or an established enterprise, having a board of advisors can make a significant impact on your success trajectory. Join us as we explore five reasons to consider forming a board of advisors. Episode Highlights: What business entities can use a board of advisors? What tax strategies can be added to your Board meeting? Answer what to do if you have nobody for your board LINKS: Profit & Loss Template Save Taxes: Free Consultation Follow me: https://w...
2023-08-09
19 min
Build Your Wealth Muscle
Episode 91:BUSINESS ENTITY MISTAKES TO AVOID
One challenge that entrepreneurs often face is choosing the right business entity for their operations. In this article, we will explore some common errors made when selecting a business entity and provide insights on how to avoid them. Episode Highlights: The difference between an LLC & S-Corp Bad S-Corp advice to avoid! What to do each year to maintain your business entity? LINKS: Profit & Loss Template Save Taxes: Free Consultation Follow me: https://www.instagram.com/thepatdarby
2023-07-26
31 min
Build Your Wealth Muscle
Episode 90: 14 DAY TAX-FREE INCOME WITH AUGUSTA RULE
In this episode, we'll dive into the Augusta Rule, which allows you to rent out your vacation property for up to two weeks without paying taxes on the rental income. Learn how to take advantage of this rule to boost your earnings while enjoying your own vacation home. Tune in now to take your financial journey to new heights! Episode Highlights: What is Tax Deferral vs Tax Avoidance? How does the Augusta Rule work? How to rent out a Vacation Property! LINKS: ...
2023-07-12
15 min
Build Your Wealth Muscle
Episode 89: TAX SCAMS TO AVOID
In this episode, we also delve into the notorious "Dirty Dozen" list compiled by the IRS, unveiling the most prevalent tax scams that individuals and businesses need to be aware of. To add to the intrigue, we explore the fascinating concept of Offer in Compromise, guiding you on how to determine if you qualify for this potential lifeline in resolving your tax liabilities. Episode Highlights: The Difference between tax avoidance & tax evasion! What is the Dirty Dozen? How to know if you qualify for an Offer in compromise? LINKS:
2023-07-07
15 min
Build Your Wealth Muscle
EPISODE 88: HOW TO BUY REAL ESTATE IN RETIREMENT ACCOUNTS
We discuss buying real estate within retirement accounts. We'll explore the recommended entity structure for retirement accounts, uncover a tax you can easily avoid, and unveil the biggest risk to steer clear of. Whether you're a seasoned investor or just starting out, this episode will provide you with valuable insights and strategies using your retirement savings for real estate investments. What entity structure is recommended for Retirement accounts? What is a tax you can easily avoid? The biggest risk to avoid LINKS: Profit...
2023-06-28
38 min
Build Your Wealth Muscle
Episode 87: WHAT YOUR FIRST EMPLOYEE MEANS TO YOUR RETIREMENT PLAN
In this episode, we delve into the significance of hiring your first employee and its impact on your retirement plan. We discuss the benefits and features of a Solo 401K. Additionally, we address the question of when it may become necessary to shut down your Solo 401K. Furthermore, we examine the tax savings associated with a 401K plan for employees, highlighting the potential tax deductions and deferrals that can be obtained, providing valuable insights for entrepreneurs navigating retirement planning while expanding their workforce. Episode Highlights: What is a Solo 401K? When do you n...
2023-06-21
33 min
Build Your Wealth Muscle
Episode 86: HOW TO MAXIMIZE YOUR MEAL DEDUCTION
Discover what qualifies as a business trip, ensuring you never miss out on deducting your meals. Uncover strategies on how to effectively document your meal expenses, allowing you to confidently navigate the complex world of tax deductions. And most importantly, how you can write off 100% of your food expenses, unlocking valuable savings. Tune in and take control of your meal deductions today! Episode Highlights: What counts as a business trip? How to document your meal deduction! When can you write off 100% of your food! Links: Profit & Loss...
2023-06-14
25 min
Build Your Wealth Muscle
Episode 85: FINANCIAL CHALLENGES RUNNING OUTDOOR EVENTS with Jon McMahon
In this episode, Jon McMahon joins us to discuss the financial challenges involved in running outdoor events. From understanding the intricacies of hosting large-scale outdoor events to navigating the potential financial risks, Jon shares invaluable insights. One key point highlighted is the importance of careful planning to address the cash flow problem that often arises during these events. Listeners will gain practical advice on securing sponsorships, budgeting, and managing cash flow to ensure a successful and financially stable outdoor event. Tune in to gain expert knowledge and strategies for overcoming the financial hurdles of hosting outdoor events with Jon...
2023-06-01
39 min
Build Your Wealth Muscle
Episode 84: 3 WAYS TO DECLUTTER YOUR BUSINESS FINANCES
In this episode, we dive into three powerful strategies to help you declutter and streamline your business finances. Join us as we explore practical tips and expert advice to enhance your financial management skills and take control of your business's economic well-being. Episode Highlights: How to pay yourself! When to switch to an S-Corp! 1 way to decrease your bookkeeping costs! Links: Profit & Loss Template Save Taxes: Free Consultation Follow me: https://www.instagram.com/thepatdarby #finance #savetax #tax #t...
2023-05-25
34 min
Build Your Wealth Muscle
Episode 83: TAX SAVING FOR REAL ESTATE with RYAN BAKKE
In this episode, we have a special guest, Ryan Bakke, CPA, who specializes in helping Real Estate Investors become Tax Smart. Together, we delve into the intriguing world of taxes and real estate investment strategies. Episode Highlights: How the Trump tax deduction works! When to use Cost Segregation? What tax strategy is often missed? Links: Ryan’s FB Group Learning Bundle HOME OFFICE DEDUCTION TEMPLATE Save Taxes: Free Consultation Follow me: https://www.instagram.com/thepatdarby ...
2023-05-17
40 min
Build Your Wealth Muscle
Episode 82: WHEN TO PURPOSELY PAY MORE TAX
In this episode of the podcast, we explore important topics related to taxes. We discuss the difference between tax avoidance and tax evasion, highlighting the need to understand the distinction between the two to avoid legal complications. We also examined the reasons why your accountant might be giving you bad advice, emphasizing the importance of identifying and addressing any issues with your accountant's advice. Lastly, we explored strategies for legally avoiding capital gains taxes, which can significantly impact investment returns. By utilizing these approaches, you can reduce your tax liability while still complying with tax laws.
2023-05-10
35 min
Build Your Wealth Muscle
Episode 81: 5 TAX DEDUCTIONS FOR ENTERTAINERS
As an entertainer, there are certain tax deductions that you may be able to take advantage of. While the rules can be complex, it's important to keep detailed records and work with a tax professional who can help you navigate the process. In this episode, we will be discussing tax deductions for entertainers. If you're a performer or entertainer, there are certain expenses that you may be able to deduct on your tax return. Here are 5 tax deductions you may be able to take advantage of: Can you write off your haircut? The e...
2023-05-03
27 min
Build Your Wealth Muscle
Episode 80: HOW TO MAXIMIZE THE HOME OFFICE DEDUCTION
In this episode, where we dive into the valuable Home Office Deduction. But who is eligible for this deduction, and how can you maximize it without raising any red flags with the IRS? In this episode, we explore the key points you need to know about the Home Office Deduction. We'll discuss who can take advantage of this deduction and provide insights into the rules and guidelines that need to be followed. Lastly, we'll explain why S-Corps need to pay extra attention to this deduction and provide tips on how to stay compliant. By the end of this episode...
2023-04-26
25 min
Build Your Wealth Muscle
Episode 79: TRUSTS & ESTATE PLANNING with KATIE NENTWICK
On the show today, Katie Nentwick, the owner of Nentwick Legal Services, LLC. Katie is a business, tax, and estate planning attorney who assists business owners, real estate investors, and families all over the country. In this episode, we discuss the topic of trusts, specifically revocable and irrevocable trusts. Katie provides us with a thorough explanation of what a revocable trust is and when it might be useful to have one. She also explains what an irrevocable trust is and the circumstances under which it would be necessary. Katie offers valuable insights into...
2023-04-19
30 min
Build Your Wealth Muscle
Episode 78: How I Setup My Parent Company
In this episode, I discuss my experience setting up a parent company for my firm. I share the reasons why I changed the ownership structure of my firm. Additionally, I delve into the tax benefits of having a subsidiary company and provide some practical tips on how to optimize tax savings through careful planning and structuring. Finally, I share a mistake I made during the process of setting up my parent company and the lessons I learned from it. This episode provides valuable insights and information for those considering setting up a parent company and subsidiaries for their business.
2023-04-12
27 min
Build Your Wealth Muscle
Episode 77: How to deduct Fitness Programs
With the right knowledge, you can also save money on your taxes by deducting some of the costs associated with fitness programs. Knowing what qualifies and how to properly document your expenses is essential for claiming tax deductions. In this episode, you will learn the rules for deducting fitness program expenses from your taxes and how to maximize your tax savings. Episode Highlights: How clients can deduct your program! What type of therapy is NOT deductible? How to deduct your gym membership! Links: Save Taxes...
2023-04-06
31 min
Build Your Wealth Muscle
Episode 76: Avoiding Capital Gains Tax vs Estate Tax
When it comes to planning for your financial future, two of the most important taxes to consider are capital gains tax and estate tax. These can have a significant impact on both your current and future finances, so understanding the differences between them is essential. This episode will explain the key differences between avoiding capital gains tax versus avoiding estate tax, including what each entails and the potential implications for you. Episode Highlights: What are Estate Taxes? When Capital Gains Tax is better than Estate Tax? How to reduce overall taxes...
2023-03-29
26 min
Build Your Wealth Muscle
Episode 75: ISSA Education with Dan Duran
Dan Duran is the Vice-President of Content & Partnerships with the International Sports Sciences Association (ISSA). Dan is an ultra-triathlete, having completed numerous Ironman’s, two Double Ironman’s, a Triple Ironman, and a Quintuple Ironman. Dan shares what makes ISSA different from its competition and how they're helping fitness professionals succeed in a highly competitive industry. With a focus on education and providing support for their coaches, ISSA is helping to elevate the standard of the fitness industry. If you're a new coach looking to build a successful and sustainable business, or if you're interested in lea...
2023-03-22
48 min
Build Your Wealth Muscle
Episode 74: MAXIMIZING TRAVEL TAX DEDUCTIONS
As an Online Entrepreneur, you likely do a fair amount of traveling for business, whether it's attending conferences, meeting with clients, or collaborating. But did you know that many of these travel expenses are actually tax-deductible? In this episode, we'll be sharing some valuable tips and tricks for getting the most out of your travel deductions. We'll discuss how to write off a weekend getaway, even if it includes some personal leisure time, as well as how to write off food expenses when you didn't actually eat. We'll also cover important retirement deadlines that you need to...
2023-03-16
19 min
Build Your Wealth Muscle
Episode 73: PAY LESS PAYROLL TAX for Online Biz Owners
Many business owners are looking for ways to reduce their overhead costs, and one often overlooked way to do this is to pay less payroll tax. Business owners can use several strategies to minimize the amount they owe. This episode will provide an overview of how online business owners can save money on payroll tax. Episode Highlights: Are your workers really W2 employees? Which states are toughest against 1099 Contractors 11 Ways to reduce Payroll taxes Links: Save Taxes in your business: Free Consultation Follow me: https://www.instagram.com/thepatdarby W...
2023-03-08
36 min
Build Your Wealth Muscle
Episode 72: S-CORPS vs PARTNERSHIPS FOR ONLINE ENTREPRENEURS
As an online entrepreneur working with a business partner, making the decision between forming an S-Corporation or a Partnership can be daunting. With both entities offering advantages and disadvantages, it is important to consider which option best suits the specific needs of your business. To provide clarity, this episode covers the distinctions between S-Corp and Partnerships for online entrepreneurs so that you can make an informed decision when structuring your business. Episode Highlights: Perks of S-Corps Problem with Non-Spousal S-Corps How to do tax planning with a business partner Links: Save Taxes in...
2023-02-22
27 min
Build Your Wealth Muscle
Episode 71: TREAT THE IRS LIKE A BANK
If you get stressed thinking about the Internal Revenue Service (IRS), it might help to think about them like a bank. In this podcast episode, we explore the concept of using the IRS payment plan options rather than “hiding” from them. We'll cover topics such as: Episode Highlights: Should you File your taxes if you can't pay? How much interest does the IRS charge? What to do if you can't pay the IRS? Links: Save Taxes in your business: Free Consultation Follow me: https://www.instagram.com/thepatdarby Weekly Tax T...
2023-02-15
31 min
Build Your Wealth Muscle
Episode 70: Financial Metrics for Nutrition Coaches with Steve Kopshaw
For over 15 years, Steve Kopshaw, has helped businesses grow their customer bases and developed the infrastructure needed for them to thrive. He is an accomplished entrepreneur and business leader who has a long history of success in transforming struggling operations into profitable ventures. He is the current COO of Nutritional Coaching Institute. Nutrition Coaches have the power to improve people's lives through healthy eating and lifestyle choices. However, setting up a successful business as a nutrition coach can be tricky, especially when it comes to finances. In this episode, we will explore the financial metrics for Nutrition...
2023-02-08
50 min
Build Your Wealth Muscle
Episode 69: BE YOUR OWN CFO
Do you ever wish you had someone to help manage your finances? Being your own CFO is easier than you think! As the Chief Financial Officer (CFO) of your business, it's important to take control of your finances and make sure you are taking the right steps toward achieving financial success. In this episode, we'll discuss how to be your own CFO and provide tips for managing your finances effectively. Episode Highlights: What is a Fractional CFO? The 3 OTHER Financial Roles you need in your business 3 reports you should read each month 2 Non-Financial benefits to CFOs
2023-02-01
47 min
Build Your Wealth Muscle
Episode 68: HOW TO SAVE ON TAX FILING COSTS for FitPros
As a fitness entrepreneur, you know that managing your finances is a top priority. Filing taxes is an unavoidable part of the process and can be expensive if not done properly. Fortunately, there are ways to save on tax filing costs and ensure that you are staying in compliance with applicable laws. In this episode, we’ll explore how to streamline your tax filing process while reducing your overall costs. Episode Highlights: Should you use a Professional Tax Preparer? What 1099s do you need to bring? The benefit of filing an extension Links: Ma...
2023-01-25
39 min
Build Your Wealth Muscle
Episode 67: NEW WAYS TO HAVE A TAX-FREE RETIREMENT for FitPros
Fitness entrepreneurs can strive for a tax-free retirement if they take advantage of the new strategies in Secure Act 2.0. Retirement planning is an important part of any entrepreneur's financial journey. This episode will discuss some of the new ways entrepreneurs can plan for their future and aim for a tax-free retirement. Episode Highlights: How SEP IRAs just got better College Saving can now be retirement saving How to get money out of a 401K PENALTY FREE! Links: Email Pat for copy of Budget discussed: info@darbyba.com Map How Your Money...
2023-01-20
35 min
Build Your Wealth Muscle
Episode 66: BUDGETING FOR UNEVEN CASH FLOWS for FITPROs
For Fitness Entrepreneurs, managing your finances can be a challenge. Cash flow is often uneven and unpredictable, making it difficult to manage budgets accordingly. Knowing the best ways to plan for the future and budget for these uneven cash flows is key to success in being able to manage finances over time. In this episode, we will explore how fitness professionals can use budgeting strategies to manage their finances and anticipate periods of uneven cash flows. Episode Highlights: What is a Fixed vs Variable Expense? 2 more ways to the budget that are rarely discussed What to...
2023-01-11
49 min
Build Your Wealth Muscle
Episode 65: 3 TAX SAVERS THAT CAN NOT WAIT FOR YEAR-END
There are many ways to save on taxes, but some strategies must be addressed at the beginning of the year. In this episode, we will discuss three tax savers to maximize your savings. Episode Highlights: What tax tips are NOT time sensitive 3 Tax strategies that you must look into now 1 problem with Sole Proprietorships Links: Map How Your Money Flows: Map My Money Save Taxes in your business: Free Consultation Follow me: https://www.instagram.com/thepatdarby Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
2023-01-04
38 min
Build Your Wealth Muscle
Episode 64: HOW TO PLAN YOUR 2023 BUSINESS GOALS
Setting business goals is an important part of achieving success in business. In order to make sure you are on the right track, it is essential to be proactive and plan ahead. Now is the perfect time to start planning your 2023 business goals. In this episode, I will provide you with a helpful guide on how to set your objectives and create a roadmap to define & measure your progress. Episode Highlights: What a Fractional CFO does? Why Revenue Goals are useless? How to breakdown your business goals Links: Map How Your Money Flows...
2022-12-30
34 min
Build Your Wealth Muscle
Episode 63: 3 WAYS TO ORGANIZE YOUR MONEY for the NEW YEAR
The start of a new year is the perfect time to refocus and get your finances in order. With the right strategies and dedication, you can put yourself on track to achieve your financial goals. Here are three ways to organize your money for the New Year that will help you save more and spend smarter. These tips can help you have a financially successful 2023. Episode Highlights: How to Separate your personal expenses How to divide up your Business Revenue & expenses When to look for an Accountant Links: Map How Your Money Flows...
2022-12-21
41 min
Build Your Wealth Muscle
Episode 62: REDUCING CLIENT CHECK-IN TIMES with ZACH MOBIUS
Zach Mobius is the Founder of Duxata - software for fitness coaches who want to sell once and get paid for life. It helps coaches consistently grow revenue through improved client retention and referral generation. In today’s fast-paced world, it is essential for businesses to find ways to ensure their clients have a smooth and efficient experience. One way of doing this is by reducing client check-in times. This episode will discuss the various strategies businesses can use to minimize client check-in times, as well as explore how these strategies can benefit both the business and th...
2022-12-14
50 min
Build Your Wealth Muscle
Episode 61: 5 CRITICAL YEAR-END TAX DECISIONS for FitPros
As the end of the year approaches, fitness professionals should be aware of the various tax decisions that need to be made in order to stay on top of their taxes. With several potential strategies for making the most out of any given tax situation, it can be difficult to know which ones are the most critical. This episode will provide an overview of five key decisions that fitness professionals should consider when preparing for the upcoming year-end taxes. Episode Highlights: 5 Year-End tax decisions due before December 31st Why the SEP IRA is overused The big...
2022-12-08
40 min
Build Your Wealth Muscle
Episode 60: FTX SCAM with NOAH DEFRATIES
Noah Defraties is the VP of Crypto Education at DRIVEN Trading. Tune in and find practicals on many levels and strategies for trading and hear the story of his experience in the industry of finance. Noah also has online fitness coaching: https://www.noahfitness.com/ Episode Highlights: What happened with FTX scam What Noah sees as the future of crypto Ways to do due diligence with crypto Links: https://www.instagram.com/noahdefraties/ Driven Trading https://www.noahfitness.com/ Map How Your Money Flows: Map My Money ...
2022-11-23
53 min
Build Your Wealth Muscle
Episode 59: 3 YEAR-END TAX MISTAKES TO AVOID for FITPROs
As the end of the year approaches, it's important to be mindful of potential tax mistakes that could have a negative impact on your finances. As a fitness entrepreneur, you may be especially vulnerable to making these errors. Tune in to find out more! Episode Highlights: 3 Year-End Tax mistakes to Avoid The problem with S-Corps in December Difference between tax preparers & tax advisors Links: Map How Your Money Flows: Map My Money Save Taxes in your business: Free Consultation Follow me: https://www.instagram.com/thepatdarby Weekly T...
2022-11-16
34 min
Build Your Wealth Muscle
Episode 58: LUKAS DUNCAN & Business Growth Tips for FitPros
Lukas Duncan started LBD Training in 2013 with one goal in mind: to use his knowledge and expertise, gained from over 10 years in the fitness industry, to help as many people as they could to reach their fitness goals. He is a fitness transformation specialist. Episode Highlights: Lukas Duncan’s 3 Rules of business The Marketing strategy Lukas spent $500,000 on 1 free strategy he recommends Links: https://www.lukasduncan.com/ Follow Lukas: https://www.instagram.com/duncanlukas/ Map How Your Money Flows: Map My Money Save Taxes in yo...
2022-11-09
1h 28
Build Your Wealth Muscle
Episode 57: Nick Ross & Circle The W!
Nick Ross is a Bodybuilder, motivational speaker and cancer survivor. During Nick's battle with a cancer diagnosis at the age of 32, he found an algorithm for success using NLP's methodologies to create rapid, radical, and sustainable change no matter your conditions in life. In a small amount of time, Nick was able to transform his physical body using fitness and nutrition which led him down a path of Self Management using the techniques and mindset strategies he learned during his professional career and during the battle we waged on the chemo ward floor. Episode Highlights: How N...
2022-11-02
48 min
Build Your Wealth Muscle
Episode 56: HEALTH INSURANCE & HSAs for FitPros
Health insurance is a vital part of financial planning for fitness professionals. A Health Savings Account (HSA) can help cover out-of-pocket costs and save on taxes. This episode will explore the best health insurance options and how to make the most of an HSA for fitness professionals. Tune in to know more! Episode Highlights: When you can get a new health insurance plan A myth about NOT being allowed to get insurance AFTER open enrollment How to get cheap insurance Benefits of Health Savings Account Map How Your Money Flows: Map My Money ...
2022-10-26
49 min
Build Your Wealth Muscle
Episode 55: STORY OF YEP_STRENGTH with JOHN OTT
John is a wrestler, professional mixed martial artist, and competitive bodybuilder. He is a top performer, develops teams for his organization, and has experience turning underperforming markets around Washington, Nevada, Alaska, Missouri, Kansas, and Arkansas. He trains people how to produce results and not make excuses. John is the founder of yepstrength.com. “Your battle cry for strength and performance.” Show Topics: How John transitioned from working at GNC to starting his own Supplement Brand Challenges with Cash Flow that he ran into How affiliates can work his Yep-Strength Promo Code: “Smash10” Links...
2022-10-14
2h 41
Build Your Wealth Muscle
Episode 54: 3 RECESSION PROTECTION STRATEGIES for Fitness Coaches
As a fitness coach, you may be wondering how to help your business weather an economic storm. While it may be tough, there are still ways to make it work. Tune in as I talk about 3 recession protection strategies for fitness coaches: Mistakes to avoid with an Emergency Fund Why Profit & Loss Statement could mislead you in a recession One expense NOT to cut Links: Map How Your Money Flows: Map My Money Save Taxes in your business: Free Consultation Follow me: https://www.instagram.com/thepatdarby Weekly Tax T...
2022-10-05
32 min
Build Your Wealth Muscle
Episode 53: HOW TO SAVE FOR TAXES for FitPros
As a fitness entrepreneur, it's important to save for taxes throughout the year. This ensures that you have the money when tax time comes and prevents you from being in debt to the IRS. Tune in as I shared some tips on how to save for taxes. Episode Highlights: Why some people do NOT make quarterly payments How to build your tax savings account 2 payment portals to use for easy IRS payments LINKS: https://www.eftps.gov/eftps/ https://www.irs.gov/payments Map How Your Money Flows: Map My Money
2022-09-28
39 min
Build Your Wealth Muscle
Episode 52: ROTH IRA vs Traditional IRA for FitPros
There are a lot of different investment options out there, and it can be hard to decide which one is right for you. If you're considering opening an IRA, you may be wondering whether a Roth IRA or Traditional IRA is the better choice. This episode will help you understand the key differences between these two types of IRAs so that you can make an informed decision about which one is right for you. Episode Highlights: How much can you put into an IRA? When are you ineligible for a Traditional IRA Loopholes for high-earners ...
2022-09-23
42 min
Build Your Wealth Muscle
Episode 51: ENERGY TAX CREDITS for Fitness Coaches
As a fitness coach, you can take advantage of energy tax credits to help offset your costs. The federal government offers a number of tax credits both inside and outside of your business. Learn how they were updated by the new Inflation Reduction Act. Tune in to find out more! 1 myth about the New IRS funding How the Electric car credit works Ways to save taxes by improving your home LINKS: Dept of Energy: Approved vehicles List Map How Your Money Flows: Map My Money Save Taxes in your b...
2022-09-14
36 min
Build Your Wealth Muscle
Episode 50: SEP IRA vs SOLO 401K for FitPros
In this episode, I'm going to share with you the differences between a SEP IRA and a Solo 401K for Fitness Professionals. Some of the topics we're going to cover are: how much you can contribute, age limitations, and the unique times that a SEP IRA could be better than a Solo 401K. Episode Highlights: What are the Contributions Limits The Deadline for SEP IRA & 401K How to Take Advantage of lower profits with your Retirement Accounts Map How Your Money Flows: Map My Money Save Taxes in your business: Free Consultation
2022-09-09
43 min
Build Your Wealth Muscle
Episode 49: Reduce IRS Audit Risk for FitPros
As a fitness professional, you likely have many questions about what you can do to reduce your risk of being audited by the IRS. While there is no guaranteed way to avoid an audit, there are some steps you can take to minimize your risk. Tune in to know more! Episode Highlights: Audit rates for different income levels IRS statute of limitations to audit you 5 ways to reduce audit risks Links: Map How Your Money Flows: Map My Money Save Taxes in your business: Free Consultation Follow me: https://w...
2022-09-01
35 min
Build Your Wealth Muscle
Episode 48: Employees vs 1099 Contractors for FitPros
There are many things to consider when choosing whether to classify your team as employees or 1099 contractors for your fitness business. There are rules and guidelines to help you determine how to classify & pay your team. Here are some things to keep in mind as you decide which is right for your business. Episode Highlights: How to classify your Team as Employee or 1099 Contractor Consequences of categorizing them incorrectly IRS & State rules to help determine How to Pay your team Map How Your Money Flows: Map My Money Save Taxes in...
2022-08-24
34 min
Build Your Wealth Muscle
Episode 47: 3 FREE Estate Planning Strategies for Fitness Professionals
As a fitness professional, you know the importance of staying healthy and fit. But have you thought about what will happen to your assets when you pass away? Estate planning is an important part of ensuring your loved ones receive the money you worked so hard to make. In this episode, I will share some free and easy estate planning strategies for fitness professionals to help you plan for the future. I'll also show you how to simplify this process to make it much easier for yourself. Why Death Planning is important What is a Will...
2022-08-17
40 min
Build Your Wealth Muscle
Episode 46: 3 LLC Requirements for Fitness Professionals
Are you a fitness professional looking to start your own LLC? In this episode, we'll walk you through the three requirements for fit pros to start an LLC. You'll learn about the business entity itself, so whether you're just starting out or you're already in business, this episode is for you! Episode Highlights: 1 Misconception about LLCs What is required to start an LLC 2 Things you must do every year! What to consider when moving to a new state Links: Map How Your Money Flows: Map My Money Save Taxes in your...
2022-08-10
41 min
Build Your Wealth Muscle
Episode 45: Advantage of Investing Early with Jeremy Scott
You'll often hear people say "time in the market is more important than timing the market." This is especially true in investing. The sooner you start investing, the more time you have to grow your wealth and compound your gains. But what if you don't have any money to invest? That's no problem. In this episode, Jeremy is with us to share his journey about investing early and its benefits! Advantages of buying assets as a Fitness Coach What is Jeremy's $1M car? The biggest challenge Jeremy faced after being financially successful Links: https://www.jeremyscottfitness...
2022-08-03
35 min
Build Your Wealth Muscle
Episode 44: Wealthy Wellness Coach Felicia Romero
Felicia Romero a.k.a “The Wealthy Wellness Coach” helps online coaches sell and scale their online coaching business to create the freedom and wealth they desire. In this episode, she joins us to discuss: The biggest mistake Felicia sees Fitness Coaches making What your FIRST hire should be? ...and how much you should be spending on Marketing As always stay to the end Felicia shares her philosophy on building her Real Estate Legacy Links: https://feliciaromero.com/ https://www.instagram.com/feliciaromero/ Map How Your Money Flows: Map My M...
2022-07-27
1h 05
Build Your Wealth Muscle
Episode 43: 3 Investment Strategies to Avoid Panic for Fitness Professionals
As a fitness entrepreneur, you know that the market is constantly changing. You're always on the lookout for the next big thing. But in the meantime, you need to pay the bills with your current business. Today I want to share with you 3 investment strategies that you should avoid if your goal is not just to survive but thrive in this market. Episode highlights: What is the Efficiency Frontier & how it can help you avoid scams 3 action steps to take in a market downturn The investment strategy that most big firms will never help you with
2022-07-21
41 min
Build Your Wealth Muscle
Episode 42: 3 Reason To Stop Hiding Your Income
How to stop hiding your income and start living a life of freedom. You'll learn why most millionaires report their income and how you can become one of them. You will learn: 3 Reasons you want to report ALL your income How long does it take to breakeven from paying taxes How to start organizing your income for tax season Links: Map How Your Money Flows: Map My Money Save Taxes in your business: Free Consultation Follow me: https://www.instagram.com/thepatdarby
2022-07-13
40 min
Build Your Wealth Muscle
Episode 41: 3 Mid-Year Tax Savings Ideas For Fitpros
It's the beginning of the second half of the year and you're probably starting to think about how to save money on taxes, in this episode, you’ll learn 3 tax-saving strategies that are perfect for fitness professionals. You'll get a chance to see all of them and decide which one is the best for your situation. So if you're looking to save some money on your taxes this year, tune in now! Why tax filing in April is too late for most tax strategies 3 Strategies to save you taxes How to use the 110 Tax saving checklist If th...
2022-07-07
39 min
Build Your Wealth Muscle
Episode 40: 3 Ways For Fitpros To Protect Their Income with David Tornaberne
In this episode, David Tornaberne teaches us 3 great strategies for entrepreneurs in the fitness industry to protect their income. See how he helps make his point with examples and stories while providing actionable steps. Episode Highlights: 3 Ways to Protect your Income...we cover BOTH personal & business strategies We discuss strategies to save money with Disability insurance 3 landmines to be aware of as an Online Fitness Entrepreneur Red flags to look for when working with an insurance representative Links: https://thetornabenegroup.com SSI fact sheet Email David:david@thetornabenegroup.com David’s Office: 201-932-0100 ...
2022-06-29
1h 00
Build Your Wealth Muscle
Episode 39: How Fitpros Make Quarterly Tax Payments
Do you need to make quarterly tax payments? In this episode, you will learn about how fitness professionals can easily calculate how to pay quarterly estimates. Learn these 4 things you need to know about making quarterly tax payments. Episode Highlights: Why do we pay quarterly taxes? Who owes them? How do the payments work? How to pay with these with NO accountant! Links: https://www.irs.gov/payments/direct-pay https://www.eftps.gov/eftps/direct/EftpsHome.page Build your Financial Plan: My Financial Plan Save Taxes in your business: Free Consultation
2022-06-22
43 min
Build Your Wealth Muscle
Episode 38: Financial Planning for FitPros - Step 5: Optimizing Your Finances
Financial planning is one of the most important things you can do for your business. Here's how to save time, money and simplify your life by optimizing your finances. Let me help you with how the right financial decisions can make a huge difference in your life. Episode Highlights: The last phase of Financial Planning Why financial planning "never ends" What triggers cause you to adjust your financial plan Links: Build your Financial Plan: My Financial Plan Save Taxes in your business: Free Consultation Follow me: https://www.instagram.c...
2022-06-15
33 min
Build Your Wealth Muscle
Episode 37: Financial Planning for FitPros - Step 4: Allocating Money & Tax Planning
I'll show you how to allocate your money & tax planning as a fitness professional. See how to best save for your retirement and also get all of your deductions in order! Episode Highlights: Why do we do personal finances first? What types of money decisions do you need to bring to your Financial Planner? The problem with non-business financial professionals How to calculate the payments needed for a money goal Links: Build your Financial Plan: My Financial Plan Save Taxes in your business: Free Consultation Follow me: https://www.i...
2022-06-08
55 min
Build Your Wealth Muscle
Episode 36: Financial Planning for FitPros - Step 3: Asset Protection & Risk Planning
Are you a fitness professional? Do you have concerns about protecting your hard-earned assets? If so, this episode is for you. Learn about the basics of risk planning and discover how to safeguard your business and personal finances. Tune in now to get started on protecting your future! Episode Highlights: What "not losing money" means OUTSIDE of investments 4 different types of risks to review The least popular but arguably most important risk planning Links: Build your Financial Plan: My Financial Plan Save Taxes in your business: Free Consultation Follow m...
2022-06-01
48 min
Build Your Wealth Muscle
Episode 35: Financial Planning for FitPros - Step 2: Analyzing Your Current Finances
In this episode, we're going to talk about financial planning and how it's crucial for your fitness business. How to analyze your current financial situation How to build your personal Balance Sheet & Net Worth statement Why do we need a tax return to see all the income sources How to Build a budget that incorporates your emergency fund Links: Build your Financial Plan: My Financial Plan Follow me: https://www.instagram.com/thepatdarby Map How Your Money Flows: Map My Money
2022-05-25
30 min
Build Your Wealth Muscle
Episode 34: Financial Planning Step 1: Goal Setting
There are some very important steps to take before you can take control of your finances. In this episode, I'm going to show you the first step - goal setting. You'll learn how to set goals for yourself and what steps you need to take in order to accomplish those goals. Episode Highlights: Why the SMART goal process comes last! The different durations of goals An alternative way to look at goals that are rarely discussed by Wall Street Links: Build your Financial Plan: My Financial Plan Follow me: https://www...
2022-05-18
29 min
Build Your Wealth Muscle
Episode 33: What is Financial Planning for Fitness Entrepreneurs
In this episode, I'm going to show you how to use financial planning for fitness entrepreneurs to help you grow your business. With this in-depth episode, I'll cover everything from getting started with a budget and creating a financial plan, to figuring out the best way to save on taxes. What is Financial Planning? Difference between Financial Planner vs Investment Advisors the 5 steps of Financial Planning Build your Financial Plan: My Financial Plan Follow me: https://www.instagram.com/patdarbybiz/ Map How Your Money Flows: Map My Money
2022-05-11
49 min
Build Your Wealth Muscle
Episode 32: 2 Ways to Save 10% Early Withdrawal Penalty
In this episode, I'll show you 2 ways to use money from your 401(k) without paying the 10% early withdrawal penalty. 2 Reasons why Wall Street won't teach you the full potential of your Retirement Accounts 2 Ways to Buy a Fitness Business with your Retirement Account 1 Reason Retirement Accounts pay tax, and how to reduce it Stay tuned at the end for a special prize for listeners!
2022-05-04
33 min
Build Your Wealth Muscle
Episode 31: What is Self-Directing Your Retirement Account
Episode Highlights: What is Self-Directing Retirement Investments? Why Wall Street does NOT want you to self-direct! A shocking state about who is Self-Directing? Why should you consider Self-Directing? Links for the show: Beast Your Money Bootcamp
2022-04-27
33 min
Build Your Wealth Muscle
Episode 30: Evolution of Online Fitness Coaching with Micah Lacerte
Micah LaCerte is a Body Transformation Specialist. He has 20+ years of experience in the fitness industry. He is the CEO of Hitch Fit LLC, which is an online weight loss programs, fitness model programs, bikini model programs, muscle building programs, couples/bridal programs and full competition prep packages. How to differential yourself now vs 2009 How him & his wife run the business without junior coaches Why they encourage clients to "graduate" & the metric that Micah feels all Online Coaches should be tracking As always at the end we discuss a tip for building your wealth muscle Links mentioned...
2022-04-20
48 min
Build Your Wealth Muscle
Episode 29: Flexible Dieting & Mindset Coaching with Maria Gargiulo
Maria was born and raised in England and Italy and moved here in my teens. She started a 6 figure business without a college degree and has participated in 7 bodybuilding shows, won most of the regional ones and placed top 5 for her national ones. Signed by a big apparel company. Episode Highlights: The benefits of conducting client exit interviews How Maria differentiates herself in a crowded industry How to evaluate what tasks to delegate and how to handle a junior coach A big tip for capturing new leads! Links mentioned: https://app.easymacros.io/calculator...
2022-04-13
54 min
Build Your Wealth Muscle
Episode 28: 3 Last Minute Tax Strategies Before Filing Taxes for FitPros
In this episode, we're diving into tax strategies right before filing season. So these three tax strategies that we're going to go over are going to apply to all you fitness entrepreneurs, whether you're an LLC, Sole Proprietorship or an S-corp. Link to Beast Mode Money Bootcamp
2022-04-07
38 min
Build Your Wealth Muscle
Episode 27: Using technology to decrease client injury with Kunal Gandhi
Kunal Gandhi is the Founder and CEO of EZPT. He was awarded the NFL Players Association's Young Entrepreneur Award as well as featured as Young Entrepreneur Under 30 in the Pittsburgh Business Times. The use of technology in the workplace has been on the rise. With the help of technology, companies are able to decrease their injury rates and increase productivity. Tune in on how Kunal started his journey! Episode Highlights: how Kunal’s app can help reduce client injury how his app can increase the scale of your business, as well as reduce the ch...
2022-03-30
39 min
Build Your Wealth Muscle
Episode 26: Stress Management & Crypto Investing with Tar'Lese Rideaux
Tar’Lese is a Certified Holistic Life Coach, Certified Stress Management Coach and Certified Brain Fitness Coach whose passion is to work with women who want to live a life they LOVE when it comes to Body, Brains and Bank Account. She believes that it is possible to have success in ALL areas of life, without additional stress and worry. Episode Highlights: Ways to reduce stress in business management for mental health Benefits of stress management, and how it can help you be more productive Benefits of having good mental and physical health for man...
2022-03-23
1h 09
Build Your Wealth Muscle
Episode 25: Taboo Subject of Steroids with Brandon Robichaux
Brandon Robichaux began his bodybuilding journey in 2013. Over the years he has done over 20 shows and has developed a Fitness Coaching business that he is just as passionate about. He loves helping his clients reach their goals and the unlocking potential they didn't even know they had. Brandon joins us to discuss one of the most taboo topics in fitness which is steroid use. Episode Highlights: Benefits and risks of using steroids Advice for coach on gear protocols Steroids potential health risks to athletes And MUCH MORE! Links: https://www.relentlessrevolution.net...
2022-03-09
1h 02
Build Your Wealth Muscle
Episode 24: Paid Ad Strategies with Scott Rawcliffe
Scott Rawcliffe is a fitness professional on a mission to share his insights and knowledge with his fellow fitness professionals, as well as fitness enthusiasts. Building a better educated and informed industry without the dogma of the mass media. Scott has presented at some of the world’s largest fitness conventions, including Australia’s FILEX convention, IDEA World Fitness Convention, IHRSA, IDEA PT Institute, NorCal Fitness Summit, as well as some of the most successful gyms around the world. Episode highlights: Important asset in building business Evaluating paid ads vs paid outreach Calculating the cost...
2022-03-03
43 min
Build Your Wealth Muscle
Episode 23 Laid Off to 7-Figures in 2 years with Taeler De Haes
Laid-off to 7-figs in two years. Taeler De Haes teaches other fitness coaches how to do what she did, how to grow a successful fitness coaching business that is scalable, but most importantly, sustainable. She joins us today to discuss Episode highlights: The technical skills that can differentiate you as a top fitness coach. The myth about hiring co-coaches into the fitness business When to consider hiring your own business coach Who to hire first to build your team Unpopular opinion why you need to stop tracking your sales And much MORE!! Links:
2022-02-25
45 min
Build Your Wealth Muscle
Episode 22: Tracking An Overlooked KPI with Assael Leon
Assael Leon is a sales expert who helps personal trainers build and scale an online fitness business in 90 days. He helps them by providing 3 key pillars: Marketing, Systems, and Sales. Assael has worked with top entrepreneurs who run multi-million dollar businesses. He is now sharing his experience, story, and insights to the audience. The success of any business is often measured by the KPI that it tracks. But what about the KPIs that are not tracked? A good KPI should be measurable and actionable, and the metric should be relevant to your business. T...
2022-02-16
50 min
Build Your Wealth Muscle
Episode 21: 3 Benefits of an S-Corp for FitPros
This episode is a solo episode dedicated to S-corporations. I'm going to give you three main benefits of being an S-corp, myth busts some of the complexity around S-corps and I'm going to give you a detailed walkthrough of the process. Tune in as you will learn Three main benefits that make the S-Corp a valuable tax & legal business structure to consider for your Fitness Business. As well as strategic tips to help you avoid pitfalls and get started today!
2022-02-11
41 min
Build Your Wealth Muscle
Episode 20: Training Pro Bikini Competitors with Adam Bonilla
Adam Bonilla began training with 24 Hour Fitness in California where he excelled with clients and was put in charge of the 3rd largest club in the company. As the years went on his skills progressed he began training personal trainers on the proper training practices at a district level for the company. With this position, he was also given the task of training special conditions clients, fitness competitors, high-level athletes, and post-rehabilitation clients with severe injuries that have limited movement. Now working in the fitness industry for 19 years and as a trainer for 17 of those years he has honed...
2022-02-02
50 min
Build Your Wealth Muscle
Episode 19 Helping Clients with Limiting Beliefs with Jessica Brothers
Jessica Brothers is a Master Influencer & Health Strategist growing your inner belief every day so that you can live as your highest greatest self. She is here to infect the world! Tune in to learn the process of helping clients with limiting beliefs about themselves, their bodies, and their goals. We have a way of helping them move forward in their lives that’s unique. We call it ‘limiting beliefs.’ The way we help clients move forward is by helping them make a choice. That’s the only way they can continue on their journey towards...
2022-01-27
46 min
Build Your Wealth Muscle
Episode 18: How to pay vendors to reduce IRS paperwork
Learn how to pay your Vendors & Independent Contractors to avoid extra IRS paperwork as well as avoid potential IRS penalties. We go over strategies to pay vendors to avoid issuing a 1099. As well as, if you do owe a 1099, what you need to get from your vendor so that you are compliant with the IRS. At the end, we discuss changes from 2021 to 2022 IRS rules.
2022-01-19
25 min
Build Your Wealth Muscle
Episode 17: Tips for New FitPros with Chris & Eric Martinez
Chris and Eric Martinez, also known as the “Dynamic Duo” operate a world-class Online Fitness and Lifestyle Company by the name of “Dynamic Duo Training.” Chris and Eric are also Business coaches that own “The Dynamic Inner Circle” where they help fitness enthusiasts build and grow their online coaching businesses. Along with being #1 International Best-Selling Authors and Speakers. Episode Highlights: How to use mindset to improve your marketing content The biggest mistakes new fitness coaches make as the business grows When is the right time to outsource and how much should you be paying for that? Elevating ma...
2022-01-12
34 min
Build Your Wealth Muscle
Episode 16: Using PR to Grow Your Fitness Business with Lauren Salaun
Lauren Salaun is a PR and marketing consultant, life and business mentor, media personality, speaker, entrepreneur, and host of the AMPLIFY podcast. Lauren has spent nearly 15 years in the PR, marketing, and advertising space, and started her own PR and marketing business, influence+IMPACT in 2014, where she helps entrepreneurs increase their authority and visibility and attract more soulmate clients so they can scale their income, influence, and impact with ease. Lauren is also the founder of Club Big Queen Energy, a mentorship program for women who want to step into their next level, own their unique magic...
2022-01-05
1h 05
Build Your Wealth Muscle
Episode 15: Growing your Fitness Business by Beverley Simpson
Beverley is a CPT turned online fitness business owner. She began her career in fitness as a personal trainer and was the fastest growing personal trainer to fitness manager, to district fitness manager in a big box gym chain, becoming responsible for hiring and developing personal trainers and leaders in Manhattan and the surrounding area and responsible for helping generate 2M a month. She helped hundreds of personal trainers improve the services they provide to their clients. Now she coaches fitness entrepreneurs in their businesses and helps them fine-tune their messaging to grow their companies past 6-figures.
2021-12-29
54 min
Build Your Wealth Muscle
Episode 14: IRA vs 401K for Fitness Entrepreneurs
In this episode, you will learn the main advantages and disadvantages of IRAs versus 401ks, the difference between an IRA and 401K, Wall Street “myths”, benefits of using IRAs with Roth IRA conversions, tax advantages, ways to invest with IRAs & 401Ks, and much MORE! Tune in to learn the pros and cons of each account in detail!
2021-12-16
43 min
Build Your Wealth Muscle
Episode 13: 10 Year-End Tax Tips for Fitness Entrepreneurs
With the end of the year right around the corner, it's time to start thinking about what you owe in taxes. In this episode, you will learn 10 Tax Saving tips and strategies that you can use. These tax tips are specifically tailored to you as a fitness entrepreneur. Whether you are brand new to Fitness Coaching, or you are a 7-figure Fit Pro, you can benefit from these strategies. I'm doing my best to give you as much as I possibly can before the year-end. Important point to emphasize: Tax planning is in December and N...
2021-12-08
54 min
Build Your Wealth Muscle
Episode 12 Bringing Gymnastics Training to all ages with Danielle Gray
Danielle Gray is a formerly competitive Junior Olympic gymnast from Manhattan Beach, CA who retired from the sport before college. She founded her own company, Train Like A Gymnast, to get people stronger, more flexible, and mentally resilient by showing them how capable they really are. She is also a Wilhelmina Fitness Model, an iFit Trainer, professional pole fitness athlete, a Ninja Warrior, among many other things. In this episode, we talked about: How to train like a gymnast Business strategies for running client retreats Personal & Professional Development Mental Health Danielle's philosophy on wealth investing And...
2021-12-01
55 min
Build Your Wealth Muscle
Episode 11: Why Focusing On Churn Rate is Important with Moe Ghias
Moe was born in Pakistan, and then moved to the USA in his 8th grade, after placing in top 4 at LA Fit Expo, he was one of LA’s top fitness models. He has also had over 335 clients to have gone through his program and gotten amazing results. He also worked in healthcare for 9 years and has over 10,000 clinical hours. He medaled 1st place in a USA powerlifting all before the age of 25. Know your numbers...especially churn rate. Financially speaking, this metric tells us how many customers have left the company. It’s a significant metric that...
2021-11-24
59 min
Build Your Wealth Muscle
Episode 10: How to Improve Your Credit Score for FitPros
David Boutte is also known as the “Credit Pro” is with us to help you understand credit scores, and how to improve them. It’s a general measure of your credit risk and ability to repay debt. Understanding how your credit score is calculated can help you make better decisions about your credit, but it’s not always easy. There are many factors involved, including those from the past and those from the future. In this episode, we’ll explore how you can build healthy habits to raise your credit score over time. In this ep...
2021-11-17
57 min
Build Your Wealth Muscle
Episode 9: How to Understand Your Medical Bill for Fitness Coaches
In this week’s episode, Ken Garner is back to cover areas of health insurance that are rarely discussed. Ken is a Health Insurance Expert living in Las Vegas. Ken will walk you through how you can understand the medical bill you receive from doctors visits. In this episode, we talked about: How to understand your bill for doctors visits What does your Schedule of Benefits tell you? And what does it tell you? What to do if collections agencies call you about medical payments How to argue a medical bill RISKS associated with Short Term He...
2021-11-10
43 min
Build Your Wealth Muscle
Episode 8: Picking the right Health Insurance as a Fitness Entrepreneur with Ken Garner
Ken Garner is a Benefits Specialist at A-Z Insurance LLC, he was born and raised in Las Vegas. Ken has been specializing in health insurance for 10 years and started my own firm 3 years ago. With so many different health insurance plans, it's hard to know which one is the right health insurance for you. In this episode, Ken will teach us how to find the best health insurance plan as a fitness entrepreneur. In this episode, we talked about: Awareness of important health insurance deadlines Pros and Cons of Obamacare Health insurance plan for...
2021-11-05
42 min
Build Your Wealth Muscle
Episode 7: How to differentiate yourself from the competition!
Steve Washuta has a Degree in Public Relations - Worked in PR and at a Hedge Fund in NYC for years before converting to a full time personal trainer. He wrote a book in 2019, Fitness Business 101, he’s also the Co-Owner of TrulyFit, an online fitness market place providing fitness business software for professionals. In this episode, we talked about: The future of the online fitness industry Must haves for profitable long-term revenue Implementing recurring revenue models Your one action step to build your wealth muscle And MUCH MORE! Links: @trulyfitapp for all pl...
2021-10-27
42 min
Build Your Wealth Muscle
Episode 6: Branding & Marketing for Fitness Coaches with Flora Peery
Flora Peery is a thought leader, mindset magic influencer, and digital creator. She is the host and creator of The Whole Damn Brand Podcast, where she uses her vast knowledge of physical and mental health in combination with her Lifestyle and Branding development courses allowing her followers to reframe their realities and create a life of abundance. She is a renowned branding and motivational mentor, and Founder of Flora Peery Productions,a social media and branding consulting firm. She explains the biggest marketing mistakes she sees with. And building your brand around the popular imposter syndrome.
2021-10-14
38 min
Build Your Wealth Muscle
Episode 5: How to hire a bookkeeper for Fitness Coaches with Claudia Smith
Claudia Smith is a Latina mompreneur owner of Athena CPA Services, providing virtual bookkeeping services to online coaches and services providers. Having been a former IRS auditor for several years, Claudia uses her skills to help business owners attain and keep good accounting practices. Claudia teaches us the difference between an accountant and a bookkeeper, what to expect during an IRS audit and common mistakes people make when they try to DIY their bookkeeping. Episode Highlights: Difference between an accountant & bookkeeper What to expect during an IRS audit Common mistakes people make when they...
2021-09-29
37 min
Build Your Wealth Muscle
Episode 4: Fitness Education To Increase Your Knowledge & Business Value with Eddie Lester
Eddie Lester is the CEO of Fitness Mentors and a fitness educator assists health and fitness professionals take their business to the next level through virtual scaling techniques. Eddie is skilled in Fitness Training (a master personal trainer), Curriculum Development, Weight Training, Management, and Program Development. Eddie walks us through a handful of ways to increase the value of your business and the balance between being niche-focused and having a diversified revenue stream. Episode Highlights: How Eddie helps fitness entrepreneurs build their business value Eddie cites a handful of ways on how to market...
2021-09-15
38 min
Build Your Wealth Muscle
Episode 3: Protecting Your Intellectual Property with Michelle Murphy
Michelle Murphy, The CEO of Legal Loft, assists small businesses and creatives with trademarks, contracts, copyrights, and business formations in order to secure and protect their businesses. She has helped over 100 businesses defend themselves legally and ensure their legacy for future generations. Michelle's goal is to help small businesses overcome their apprehensions about legal matters. In this episode, she discusses intellectual property, copyrights, patents and how it applies to Online Fitness Coaching businesses. Episode Highlights: · A simple way to remember the difference between trademarks, copyrights and patents. · The importance of your poli...
2021-08-12
32 min
Build Your Wealth Muscle
Episode 2: Melissa Gamarra | Improving Value & Efficiency by adding Systems
In this episode, we focus on Building Your Wealth Muscle with Melissa Gamara. Melissa is a certified online business manager and Amazon Best Selling Author. Melissa now runs a multi-six-figure business and specializes in helping online entrepreneurs scale through systems, processes, team management and course launch strategy. In this episode, we highlight how she helps online coaches to improve their businesses! Episode Highlights: · Something that is often lacking from online businesses is set Standard Operating Procedures. Online businesses should prioritize setting these up. This is something that you can build in the background while growing yo...
2021-08-05
44 min
Build Your Wealth Muscle
Episode 1: Online fitness and Nutrition Coaching with Marci Nevin
Marci Nevin is a National Academy of Sports Medicine Certified Personal Trainer and a Yoga Works RYT. She is a graduate of the University of Oregon with a degree in Public Relations and Magazine Journalism. For the past eight years, she has been working with clients at a private studio gym in California, fulfilling her desire to help others improve lives. In this episode, we talked about Marci’s fitness background and business journey, becoming an online coach, how to achieve desired and sustainable results by proper nutrition, mindset, lifestyle, overall movements. Be sure to che...
2021-07-20
49 min
Ranger for Life
Patrick Turnage / Mission For Healing Foundation
Patrick is a 2/75 veteran that served in the same platoon from Dec 1999- Feb 2011. Currently OPS SGM for 81st Sricker Brigade Combat Team in the Washington National Guard, and Co-founder of A Mission for Healing Foundation. They assist current and former military and their spouses through a few programs. First, They conduct missions trips which provide an opportunity to heal from the effects of war through acts of service and giving back on mission trips to developing countries, like Honduras. Second, they coordinate Spousal Retreats which help to strengthen the warfighter's most valuable player, increasing overall quality of life. And...
2018-08-27
56 min
ColinTalk
Ep. 2 – Jeff Sessions Testimony, Special Counsel, Democrats Suing Trump, Cuba, Bill Cosby, Panel Interviews with Patrick, Darby
Episode 2 of ColinTalk features a Week In Review, Interviews and Panel Questions with Patrick & Darby! Jeff Sessions testimony, and Trump’s willingness to volunteer to testify before the senate, but will he actually testify under oath? Taking a closer look at President Trump’s possible obstruction of justice, the Virginia shooting, an update on Bill Cosby’s Trial, Mike Pence, changes to the Cuba engagement, and the Democrats in Congress suing Trump. Credits: Producer: Colin Fracasso-Boone Graphic Design: Colin Fracasso-Boone Descriptions & Info: Colin Fracasso-Boone Panel Interviews: Darby, Patrick Questions, Information: Multiple News Sources, Nancy
2017-06-18
39 min
ColinTalk
Ep. 2 – Jeff Sessions Testimony, Special Counsel, Democrats Suing Trump, Cuba, Bill Cosby, Panel Interviews with Patrick, Darby
Episode 2 of ColinTalk features a Week In Review, Interviews and Panel Questions with Patrick & Darby! Jeff Sessions testimony, and Trump’s willingness to volunteer to testify before the senate, but will he actually testify under oath? Taking a closer look at President Trump’s possible obstruction of justice, the Virginia shooting, an update on Bill Cosby’s Trial, Mike Pence, changes to the Cuba engagement, and the Democrats in Congress suing Trump. Credits: Producer: Colin Fracasso-Boone Graphic Design: Colin Fracasso-Boone Descriptions & Info: Colin Fracasso-Boone Panel Interviews: Darby, Patrick Questions, Information: Multiple News Sources, Nancy
2017-06-18
39 min
ColinTalk
Ep. 2 – Jeff Sessions Testimony, Special Counsel, Democrats Suing Trump, Cuba, Bill Cosby, Panel Interviews with Patrick, Darby
Episode 2 of ColinTalk features a Week In Review, Interviews and Panel Questions with Patrick & Darby! Jeff Sessions testimony, and Trump’s willingness to volunteer to testify before the senate, but will he actually testify under oath? Taking a closer look at President Trump’s possible obstruction of justice, the Virginia shooting, an update on Bill Cosby’s Trial, Mike Pence, changes to the Cuba engagement, and the Democrats in Congress suing Trump. Credits: Producer: Colin Fracasso-Boone Graphic Design: Colin Fracasso-Boone Descriptions & Info: Colin Fracasso-Boone Panel Interviews: Darby, Patrick Questions, Information: Multiple News Sources, Nancy
2017-06-18
00 min