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Financial Problems? Billy Hofacker is Your Fitness Money Coach

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Eleven years ago, Billy Hofacker answered a knock at his door, only to find his brand-new, cherished Honda Accord being towed away by the repo man. When he faced the mountain of unpaid bills and did the math, the total came to a staggering $130,000 of consumer debt.Today, Hofacker — a personal trainer of 20 years — is the owner and CEO of Total Body Boot Camp and Performance Center, with two successful locations in the hyper-competitive market of Long Island, New York. And he uses the tools and expertise he gained digging out of his own debt and building a platform of wealth to help other fitness pros do the same.Here, he and Chris Cooper talk about how gym owners can win with money.Links:Your Fitness Money Coach"Fitness Profits"Your Fitness Coach Money PodcastDrink O2Beyond the WhiteboardGym Owners UnitedTimeline:1:47 – Becoming a fitpro. 4:09 – Hitting financial rock bottom.6:33 – Becoming the Fit Money Coach.8:29 – The most common money problems fitpros face. 10:01 – How to stop feeling guilty ab