Know Your Number: The First Step to Financial Clarity for Coaches

Whether you're coaching full-time, running camps on the side, or picking up extra income from private sessions, you can’t manage what you don’t measure.

If you want to take control of your money, the first step is simple but powerful:
👉 Know your number.

Let’s break down why this matters—and give you a free tool to get started.

💸 Why Knowing Your Number Matters

Coaches often have unpredictable income streams. You might earn from:

• School coaching contracts

• Private sessions

• Camps and clinics

• Tournament stipends

• Reimbursements

On the surface, it might feel like you're doing okay. But without tracking what's coming in and going out, you're flying blind.

Knowing your number:

• Gives you clarity

• Reveals where your money actually goes

• Helps you set smart goals (and hit them)

🛠️ What to Track

Start with two simple questions:

1. How much do I earn from coaching?

2. How much do I spend on coaching-related stuff?

Track things like:

• Income from each source (school, team, private clients)

• Expenses like gear, gas, travel, meals, equipment, etc.

This isn’t about perfection—it’s about awareness.

✅ Get Your Free Coaching Income & Expense Tracker

To make this easy, we created a free tracker just for coaches.

👉 Download the free tracker

Use it to:

• Record all income streams

• Log every expense

• Track monthly totals

• See your coaching net profit in real time

🧠 Weekly Review = Game Film for Your Finances

Once you start tracking, review your numbers weekly. Set a reminder on Sunday evening and take 5 minutes to log your week.

You’ll start spotting trends:

• Which months are most profitable

• Where you’re overspending

• When to raise your rates or cut back

Coming Up Next: Open a Coaching-Only Bank Account

Tracking your number is Step 1.
Step 2 is separating your coaching money with its own bank account (spoiler: it's easier than you think).

Stay tuned for our next post:
👉 “Why Coaches Need a Separate Bank Account (And How to Set One Up)”

Final Whistle

📌 You don’t need to be a financial wizard to start getting ahead. You just need to know your number.
It’s the foundation of everything else we’ll build here at Wealth4Coaches.

You got this, Coach.