60 min listen
#26 - Get Your Money Right: Finance 101 for New and Aspiring Coaches
#26 - Get Your Money Right: Finance 101 for New and Aspiring Coaches
ratings:
Length:
57 minutes
Released:
Jan 6, 2023
Format:
Podcast episode
Description
Coaching can be a fun and highly rewarding profession, because you get to help people become better versions of themselves, gain confidence, and build more resilient bodies. One of the quickest ways to burn out from the profession, however, is to make financial mistakes. There are a number of financial pitfalls young coaches fall into when leaving their W-2 jobs and going into business for themselves, including saving for quarterly taxes, managing bank accounts, and setting aside money for retirement. In this episode, Andy Baker offers simple and practical advice for young coaches (or people going into business for themselves for the first time) to avoid the most common money mistakes. He lays out a strategy to set aside money from every payment for taxes and retirement savings, and explains how you can use multiple bank accounts to ensure you always have enough money to cover quarterly tax payments and unforeseen business expenses that may come up as you grow your income. Want to work with Andy one-on-one to solve your business problems? Book a consulation at https://www.andybaker.com/phone-consultations-training-or-business/ Andy Baker Blog: www.AndyBaker.com IG: @bakerbarbell Owner of Kingwood Strength & Conditioning Co-author of Practical Programming for Strength Training Co-author of The Barbell Prescription: Strength Training for Life After 40
Released:
Jan 6, 2023
Format:
Podcast episode
Titles in the series (33)
#6 - Barbell Training for Athletes: Andy and Dan discuss the role of barbell training for athletes in sports ranging from power-based contact sports (football, hockey) to agility and high kill sports (baseball, soccer, golf). As detailed in Starting Strength: Basic Barbell Training by... by Baker Barbell Podcast