Welcome to Wealth4Coaches: Where Coaches Talk Money

Hey Coach,

If you’re reading this, it probably means you care about two things: coaching and getting smarter with money. That’s exactly what we do here at Wealth4Coaches—a place where coaches from all sports can learn how to manage their money with simple, practical advice.

My name’s Mike Klinzing, and just like you, I’ve spent years in the game—coaching youth teams, running camps, training athletes, and juggling side gigs. I love coaching. But somewhere along the way, I realized something that most of us face but few talk about:

Coaching doesn’t always come with a game plan for finances.

Whether you're a full-time coach, part-time trainer, or weekend warrior, managing money as a coach is a unique challenge. But here’s the good news: it doesn’t have to be complicated.

Welcome to Wealth4Coaches—where we coach each other on how to win off the court too.

Why Coaches Need to Pay Attention to Their Finances

Let’s be real. Most coaches didn’t get into this for the money. We do it because we love the game, the players, and the grind. But passion doesn’t pay the mortgage, and motivation won’t cover your health insurance.

Here are just a few reasons why coaches need to be financially smart:

• Unpredictable income: Many of us juggle multiple jobs—seasonal gigs, private sessions, camps, tournaments. The money comes in waves.

• No benefits: Freelance and contract coaches often go without health coverage, retirement plans, or job security.

• Career sustainability: Financial stress leads to burnout. Getting your money right helps you stay in the game longer—and enjoy it more.

Bottom line: financial clarity gives you freedom and options. Whether that means upgrading your gear, taking a break between seasons, or investing in your coaching career, it all starts with smart money moves.

What You’ll Get from Wealth4Coaches

This blog (and our newsletter, if you’re subscribed) is packed with content made just for coaches:

• Simple money tips: Budgeting, saving, taxes, investing—it’s all explained without the fluff.

• Templates and tools: Budget sheets, coaching income trackers, and cheat sheets.

• Real stories: Learn from coaches just like you who are making smart financial moves.

• Quick wins: Every post includes at least one small, doable action you can take immediately.

No lectures. No judgment. Just straight talk from one coach to another.

3 Quick Financial Wins You Can Take Right Now

To kick things off, here are three easy financial moves you can make today. No stress. No spreadsheets. Just small changes that add up over time.

1. Know Your Number

Look at your income from the past month. Include everything—stipends, private lessons, clinics, travel reimbursements. Then list your expenses. What’s coming in, and what’s going out?

Why it matters: Most coaches “guess” at what they earn and spend. When you see your numbers clearly, you make better decisions.

Action step: Use a notebook or notes app to track your income and spending for 30 days. We’ll share a free tracker soon to make it easier.

2. Separate Your Coaching Money

Open a dedicated bank account for all coaching-related income and expenses. Route all deposits and coaching purchases through that account.

Why it matters: Separating your coaching money from your personal money makes budgeting and tax time way easier. It also helps you treat coaching like the business it is.

Action step: Open a no-fee checking account online and set it up just for coaching.

3. Automate One Financial Goal

Pick one money goal—saving for emergencies, paying down debt, or buying new coaching gear—and automate a small weekly transfer toward it.

Even $10/week adds up to over $500/year without thinking about it.

Why it matters: Consistency beats intensity. Small automatic actions create momentum—and real progress.

Action step: Set up an auto-transfer to a savings account, even if it’s just $5–$10/week.

What’s Coming Next?

This is just the beginning. Here on Wealth4Coaches, we’ll be covering topics like:

• How to build a budget when your income changes every month

• What expenses you can write off as a coach (and how to stay audit-proof)

• How to start investing—even if you only have $25

• How to build a financial game plan for your coaching career

• Turning side gigs like camps, clinics, or personal training into consistent revenue

Every post will include one small, practical step you can take right away—because we know coaches are busy, and your time is valuable.

You Don’t Have to Be Perfect. Just Start.

Here’s the deal: You don’t have to be a financial expert to take control of your money. You just have to start. Read a tip, take one small action, and keep showing up.

And remember, you’re not alone. Thousands of coaches are asking the same questions you are:

• How do I make coaching more sustainable?

• How do I turn this into a real career?

• How do I stop living paycheck to paycheck?

That’s why Wealth4Coaches exists. It’s a community. A resource. A team. We’re here to coach each other—and win off the court too.

Thanks for stopping by. You’re part of the team now.

If you haven’t yet, subscribe to the newsletter to get weekly tips straight to your inbox. And if you’ve got questions, stories, or just want to say hey—leave a comment or send a message. I’d love to hear from you.

Coach Mike Klinzing
Founder, Wealth4Coaches
"Coach smarter. Save better. Live freer."