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In this episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™, is a guest on the Freedom Formula show hosted by business coach Stephen Kopshaw.
We dive into how coaches could better manage their money, prepare for tax bills, and build long-term wealth. Key topics include avoiding unnecessary expenses for tax write-offs, and leveraging self-employment retirement accounts.
Connect with Justin Green on Instagram
Connect with Stephen Kopshaw on Instagram
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00:00 Introduction to the Podcast
00:33 Reconnecting with Stephen Kopshaw
01:09 Financial Planning for Coaches
04:18 Tax Preparation Tips
07:23 Managing Your Tax Payments
19:28 Emergency Funds and Debt Management
20:43 Investing for Self-Employed Individuals
21:18 Understanding Different Investment Accounts
22:12 Roth IRA: Benefits and Drawbacks
23:02 Taxable Brokerage Accounts Explained
23:53 Emergency Funds and Business Cash Flow
24:53 The Importance of Managing Business Profits
26:17 High-Interest Debt vs. Investment Returns
28:00 Should You Invest in Crypto?
35:47 The Wealthy Coach Playbook
39:47 Tax Write-Offs: Myths and Realities
43:12 Conclusion and Contact Information