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Getting Started with Wealth Building: From Gym Profits to Real Estate Investments In this episode of 'The Wealthy Gym Owners,' hosts Pat and Doug discuss how fitness business owners can start building wealth beyond their gyms. They delve into Doug's first real estate investment—a lake house turned short-term rental—and the practical steps he took to make it happen. Learn about the importance of paying yourself first, leveraging short-term rentals, and converting personal goals into profitable investments. This episode is packed with actionable insights to help you start your journey to financial stability and growth. 00:00 Introduction to Wealth Building for Fitness Entrepreneurs 00:28 Overcoming the Initial Investment Hurdle 01:40 Doug's First Short-Term Rental Purchase 02:54 The Benefits of Short-Term Rentals 04:40 Turning a Vacation Home into a Profitable Business 06:45 Balancing Enjoyment and Investment 10:13 Steps to Start Investing in Short-Term Rentals 11:43 Conclusion and Final Thoughts