Pat Darby - Financial Advice for the Fitness Business Owner

The Essential Strength Podcast

Our guest this week is Pat Darby.
Our partner on this week's episode is STRONG Coffee - save 15% on every purchase with the code ESSENTIAL at checkout! A portion of every purchase helps support this show.
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HIGHLIGHTS - In today’s conversation, Pat and I talk about the benefits of hiring a money coach and why so many people think they need to make money before they hire someone to help them make and manage their money. Pat tells me why there is no simple answer to the question - ‘what’s the best investment’, and we discuss how to approach the conflict of paying yourself vs. re-investing in your business.
Connect with Pat: @patdarbybiz
Connect with David: @dr.davidskolnik.dpt
Connect with the Show: @essential.strength.podcast

Action Plan
Whether you own a business that requires book keeping, or have personal financial goals that require accurate budgeting, I want you to take Pat’s advice and make sure you aren’t “loosing your expenses”. For a business owner, this means ensuring that everything you spend on the business is accounted for so that when tax season rolls around, you are able to accurately calculate your gains and losses. For the individuals who don’t own a business, this means being more objective and more specific about where and what your money is being spent on, and where you could save more for that goal you say is so important.

Think of it like taking the first steps towards achieving a fitness goal - until you define your starting line - by taking actions such as tracking what you eat, how you train and how you feel - you can’t map the route to the finish line.

That’s in for this week - until next time, we wish you STRENGTH and GOOD HEALTH!