In this episode of the Coaches Unscripted podcast, host Trey Belcher and Coach Corey Smallwood welcome Billy Hofacker, author of 'Fitness Profits' and host of the 'Your Fitness Money Coach Podcast'. The conversation delves into Billy's personal journey from being in significant debt to achieving financial freedom and helping others do the same. They discuss the importance of financial literacy for fitness professionals, the role of coaches and mentors, and the significance of building a support system. The episode emphasizes the need for personal accountability, recognizing red flags in business, and the balance between passion and skill in one's work. Billy shares actionable insights for coaches and gym owners on managing finances and the importance of having a clear financial identity.

00:00 Introduction to Fitness Profits and Personal Journey

05:18 Overcoming Debt and Financial Turnaround

10:03 Navigating Business Challenges and COVID-19 Impact

15:16 Finding Passion vs. Skill in Work

20:07 Red Flags in Business and Financial Management

24:58 The Importance of Coaching and Community

26:13 The Importance of Support Systems

31:04 Financial Foundations for Coaches

34:43 Navigating Business Structures and Legalities

38:43 The Necessity of Financial Awareness

42:58 Building a Financial Identity

46:13 Future Endeavors and Community Engagement

50:08 THE COACHES UNSCRIPTED PODCAST.mp4