410 | Building Wealth As A Martial Arts School Owner: From Paycheck To Prosperity School Owner Talk podcast

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410 | Building Wealth as a Martial Arts School Owner: From Paycheck to Prosperity

4d ago 48:35

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Building Wealth as a Martial Arts School Owner: From Paycheck to Prosperity Podcast Summary: In this eye-opening episode, Duane Brumitt and Allie Alberigo tackle a topic often avoided by martial arts school owners: finances. From personal money mistakes to strategies for long-term wealth and retirement planning, they break down real-life stories, hard lessons, and actionable financial wisdom that every school owner needs to hear. Whether you’re drowning in debt or just beginning to think about the future, this episode gives you the financial clarity and inspiration to make smarter money moves today. https://youtu.be/p3zykqRLmEU Key Takeaways: The Trap of Living Paycheck to PaycheckWhy more students won’t solve your financial problems and how to break the cycle of financial stress. The Importance of Paying Yourself FirstLearn the foundational rule for building wealth and how to live below your means while doing it. Separate Business and Personal FinancesAvoid common financial chaos by treating your school like a real company — not an extension of your wallet. Create Multiple Revenue Streams Inside Your SchoolDiscover overlooked income opportunities already in your dojo, from retail to events. Shift from Self-Employed to True Business OwnerUnderstand the Cash Flow Quadrant and how to evolve from being your own employee to a wealth-building entrepreneur. Action Steps for School Owners: Open a savings account today if you don’t already have one. Meet with a financial advisor and explore retirement options. Start saving at least 10% of your income—personally and for your school. Schedule a monthly “Money Meeting” with yourself (or spouse) to track and review expenses and profit. Conduct a quarterly financial audit and renegotiate your bills (like internet or phone). Final Thoughts: It’s never too early—or too late—to take control of your financial future. Whether you’ve been teaching for 30 years or are just starting out, developing strong financial habits can mean the difference between surviving and thriving. Don’t let money manage you. Build a life—and a retirement—you’re proud of.

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