Most coaches and personal trainers are terrible with their money. Sorry, but it’s true. I know because I speak from experience.

Typically it’s a mindset block, because most coaches have come from a lower paying job or a job where they were paid a salary, to now being in a position with higher earning potential, more than they have ever earned before and they don’t manage their money properly.

I can buy this expensive car, I can buy luxury goods, eat at high-end restaurants, etc. but never treat their business like a true business.

Remember, it’s a mindset issue and you are essentially spending money that doesn’t need to be spent. You should be investing straight back into your business to ensure it has stability, security and long-term growth.

Do you really need that disposable income? Do you really need these luxuries to live? The likelihood is often no, you don’t.

Stop and think before you spend any cash that comes into your business. Do you really need to spend £5000 a month when you managed quite well on £2000 before your earnings increased?

Do you need to upscale your lifestyle right now or could you focus on building that coaching business income to £10,000 a month? Or how about investing in your business to build it to £15,000 per month?

Well, the only way you’ll be able to achieve that growth for your personal training or coaching business is to invest back in your business and not be terrible with your money.