Variable income as a small business owner

Money conflicts before marriage
Dealing with finances after divorce
Ages
Age
28
Jobs
Job
Personal Trainer
Household income
Income
Varies

Background

After building a robust client list at a luxury gym, Sarah started her own personal training practice in 2019. Business was booming until the pandemic hit and her year-over-year income dropped 30%. Since restrictions were lifted, Sarah’s income has exceeded pre-pandemic levels, but she remains nervous about stability with a variable income. She also has a dream of opening her own facility and creating her own fitness app.

Results

Sarah worked with her team at Advisor to build a robust cash flow plan, revealing her true business expenses and how to manage her budget during slow periods. She’s on the cusp of having a three-month emergency fund and setting up an SEP IRA to save for the future. Additionally, her advisor worked with a local accountant, attorney, and banker to explore what opening a gym and funding her new venture would look like. With a clearer financial outlook, Sarah’s plan has a path to open her own facility in 2026 with an app to follow.

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