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

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FAQs about Build Your Wealth Muscle:

How many episodes does Build Your Wealth Muscle have?

The podcast currently has 115 episodes available.

Build Your Wealth Muscle episodes:

October 14, 2022Episode 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:
https://yepstrength.com/

John’s Instagram

Yep Strength Instagram
Connect with John: https://www.linkedin.com/in/john-ott-35774297/
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
FitPro Business Survey: Take 5-Min Benchmark Survey
...more
2h 42min
October 05, 2022Episode 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 Tips & Deadline Reminders: Get Tax Reminders
FitPro Business Survey: Take 5-Min Benchmark Survey
...more
33min
September 28, 2022Episode 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
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
FitPro Business Survey: Take 5-Min Benchmark Survey
...more
40min
September 23, 2022Episode 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
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
43min
September 14, 2022Episode 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 business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Help Your Peers: FitPro Business Benchmark Study
...more
37min
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

FAQs about Build Your Wealth Muscle:

How many episodes does Build Your Wealth Muscle have?

The podcast currently has 115 episodes available.