The Business Society Podcast

You Are Not Your Financial “Mistakes”

March 14, 2022 Melissa Houston /Billy Hofacker Episode 92
The Business Society Podcast
You Are Not Your Financial “Mistakes”
Show Notes

“If you believe that you’re a bad spouse, then you’re going to be a bad spouse. If you believe that you’re bad with money, you’re just going to happen to spend that extra amount that you have that could have gone into savings. ”

—  Billy Hofacker


11 years ago, personal trainer Billy Hofacker opened his front door to find his car being repossessed. While he was doing amazing work helping other people achieve their fitness goals, he was struggling with his financial health… and was $130,000 in debt.


Within just five years, he had paid back every last penny!


Now, Billy is a black belt in both Brazilian Jiu-Jitsu AND in fitness finance. 


Billy is the owner and CEO of Total Body Boot Camp and Performance Center, with two facilities operating in Long Island, New York. He also helps fitness professionals build their financial muscles through his Your Fitness Money Coach podcast and program.


Tune in to learn how Billy turned his repossession into a financial turning point, why it’s important to settle for taking “messy” actions, and his #1 piece of advice for people dealing with financial challenges.


In‌ ‌this‌ ‌episode,‌ ‌you’ll discover:‌ ‌

  • The small, day-to-day decisions that can dramatically increase debt over time
  • The big lesson that Billy learned through his debt and repayment journey — and how mindset helped him shift his behaviour 
  • The psychological effects of debt and simple techniques for overcoming them


About Billy Hofacker: Billy Hofacker is the owner and CEO of Total Body Boot Camp and Performance Center, a personal trainer for 20+ years, the author of Fitness Profits: A Simple Plan for Achieving Financial Freedom, and the host of the Your Fitness Money Coach Podcast. 

  

Highlights:‌ ‌

01:03  Intro

02:04  Meet Billy Hofacker

04:46  Billy’s finance journey

08:31  The Big lesson

11:19  Small decisions that lead to debt

13:20  Psychological effects & coping techniques

17:26  Top advice

20:48  Takeaway

 ‌

Links:‌ ‌

Billy Hofacker

https://yourfitnessmoneycoach.com 

https://www.facebook.com/billyhofacker 

https://open.spotify.com/show/0gUKZq0q3ktn9wc4zEVswF 

https://www.amazon.com/Fitness-Profits-Achieving-Financial-Freedom/dp/B098PGK2TC 

Instagram: @billyhofacker

  

The Business Society: https://thebusinesssociety.co   

5-Step Roadmap to Biz Finance Freedom: https://melissahoustoncpa.lpages.co/5-step-biz-finance-roadmap

Work with me: https://www.melissahoustoncpa.com/work-with-me

Want more tips and inspiration? 

Follow me on Twitter @melissahcpa and Pinterest @melissahoustoncpacga 

and visit my website: https://www.melissahoustoncpa.com

Need a Fractional CFO?  Check out The Fractional CFO Agency!