 Hey, what's up coach? Welcome back to my channel now in today's video. I'm gonna show you my number one tip for I would say Finances money advice for coaches that are either starting a business or you're looking to ramp up and grow your business It is dead simple. It is something that most coaches do not do Which is why I wanted to shoot this video and here's what it is. It is spend Less money than you make Right. This is common advice that a lot of coaches do not listen to What most coaches like to do is when they start their business or if they're looking to grow their business They like to spend a whole bunch of money on stuff and things that they don't need To make their business look better, right? And what they don't do is they're not really accounting They're not keeping track of their finances and they're like spending a whole bunch of money over here And it's something that's not really adding to the business or adding value to the business and a lot of coaches out there All right within the first year put themselves in massive financial trouble because they're not Spending less than what they're earning Right. That's number one number two as a business owner You should be very smart with every single dollar that you spend you should put every single dollar to work and If you're not keeping a close eye on the money within your business, then it's just going to evaporate All right. Now the last thing that I would tell you. All right, and this is Probably just complete opposite advice of what you see on social media Which is, you know Anything you see online on the internet you see these people they are driving really nice cars You see people going on these crazy vacations. You see these people live in this crazy life right, if you Want to be like that you will run out of money very quickly All right, and this is why a lot of coaches even coaches that make a lot of money Their lifestyle starts to go this way as they as they make more money But they're not any more profitable as they make more money because their lifestyle is going up and they spend all their money On stupid crap that they don't need Right a smart business owner what they do is they look to save and invest money They are not wasting money Right. They are smart with what they do. They put their money to work instead of Being like well, I made more money So I'm just gonna go spend more money this month and next month if I make more I'm just gonna go spend more right and this is the problem that so many I would say I don't want to say younger business owners. I want to say peep anyone who's new to business a lot of people struggle with this and They wonder why financially why they're not doing good or why they're they're going from paycheck to paycheck with their training business It's because of spending habits, right? So I hope this video helps. I want to keep it very short very simple Coaches that ultimately work with me. These are things that they end up switching. They end up changing And they start to become very responsible with the money that they earn in their business, right? That's it. Hopefully this helps and I'll catch you later