Build Your Wealth Muscle

By Patrick Darby

Growing sales & revenue for Online Health & Fitness Coaches can be a challenge...but converting that business success into wealth can be even harder. This podcast breaks down strategies for Bu... more

· Business

5

1919 ratings

Download on the App Store

Download on the App Store

Get it on Google Play

FAQs about Build Your Wealth Muscle:

How many episodes does Build Your Wealth Muscle have?

The podcast currently has 110 episodes available.

Build Your Wealth Muscle episodes:

September 09, 2022Episode 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
Follow me: https://www.instagram.com/thepatdarby
Help Your Peers: FitPro Business Benchmark Study
...more
44min
September 01, 2022Episode 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://www.instagram.com/thepatdarby
Help Your Peers: FitPro Business Benchmark Study
...more
36min
August 24, 2022Episode 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 your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Help Your Peers: FitPro Business Benchmark Study
...more
35min
August 17, 2022Episode 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 vs Will Substitute

What is Probate...and why you should avoid it

3 Free Ways to Avoid Probate!
Links:
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Help Your Peers: FitPro Business Benchmark Study
...more
41min
August 10, 2022Episode 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 business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Help Your Peers: FitPro Business Benchmark Study
...more
42min
August 03, 2022Episode 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.com/

Jeremy’s $1M Car podcast episode
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Help Your Peers: FitPro Business Benchmark Study
...more
36min
July 27, 2022Episode 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 Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
...more
1h 6min
July 21, 2022Episode 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
Links:
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
...more
42min
July 13, 2022Episode 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
...more
41min
July 07, 2022Episode 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 this episode brings you value or helped with your finances...please do me a favor and share it!
Links:
Build your Financial Plan: My Financial Plan
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Map How Your Money Flows: Map My Money
...more
40min

FAQs about Build Your Wealth Muscle:

How many episodes does Build Your Wealth Muscle have?

The podcast currently has 110 episodes available.