How to Finance Your Home Gym

If you want a home gym, but don’t know how to pay for it, read on to learn how.


Home Gyms ROCK!Home Gyms ROCK!

Most Commercial Gyms HATE Serious Trainers!

Why Would You Want a Home Gym?

  • Saves Time
  • Saves Money
  • It’s Easy to Workout
  • No Commuting
  • No Onlookers
  • No Waiting for Equipment
  • Free to Curse, Yell, Scream, Spit, Throw Things & Crank the Volume

With all these benefits, who wouldn’t want a home gym?

But, I hear you say, “It’s too expensive.”

“No problem!” I say… Where there’s a will, there’s a way!

But before financing, you need to know what you need.

The Bare Essentials

First off, you don’t need everything at once. If you’re new to training, you can start off with as little as a barbell and 300lbs of plates and get a darn good workout with just that. Until you get a power rack and additional bars for more variation, here’s what you do:

  • Squats -> Clean & Front Squat or Zercher Lift
  • Bench Press -> Floor Press

Deadlifts can be done from the floor until you get your power rack, and for pressing, you’ll just need to clean & press. No problem for the beginner lifter who’s still working up to heavier poundages.

After several months, after you’re getting close to deadlifting 300lbs, you’ll want to get a power rack, some more plates and probably a bench. So you’re looking at a bill of about $2.5k for your first year to get the basics covered.

In the 2nd year, you’ll probably want to pick-up some dumbbells and a cable pulley machine for accessory/supplemental work.

And if you decide to become an advanced / elite lifter, you slowly add bands/chains/specialty bars/etc. to your gym over time… probably buying something new every 3-6 months.

Financing Your Home Gym

You know what you need, now you just need to find the money for it. Here are several ways to get the 2.5k for the first year.
Quit your gym, but keep “paying” your dues… to your home gym fund!

Put all monthly membership fees into savings. If you’re paying $100 a month for your membership, $20 a month on gas and $50 a month on supplements then stop all of it. Put $170 into your gym fund each month.

After just 4 months you’ll easily have enough money for your bar and plates. GET TRAINING!

But what should you do in the meantime?

Well, if you’re a beginner, get into the habit of working out at home. Paul Wade’s Bodyweight Exercises in Convict Conditioning should provide enough challenge and entertainment during the intervening months.

$20, no gym needed, and it’ll get you through until your weights arrive.


Save Up And Cut Expenses

Of course, if you can’t wait to train, you can always keep your gym membership and save on the side. Heck, by the end of college, I was spending more than $700 a month on ALCOHOL alone! If you want a home gym, you can definitely find the money for it on your own.

BUT that requires sacrifice on your part… and we all hate sacrifice. So what else can you do?

Get Others to Chip-In

Have another family member in your house?
Or a friend who would start training with you if you had a gym?

Tell everyone you know that you’re going to make a home gym and offer them free training if they help you buy it. Tell them how much they’ll save by not going to a commercial gym.

It’s win-win all around. You have less to pay for, they have less to pay for, and you may even find a great training partner… cool!

Ask Your Neighbors

Go door to door in your neighborhood or apartment complex. Tell everyone that you’re building a home gym and are curious if they’d like to save a bunch of cash by going in on it with you.

Remember, your home gym will be close to your neighbors homes too. If they’re not working out now, they might be persuaded to change their minds if your gym is just a 3 minute walk away… especially if you’re a cool neighbor or have a hot wife/daughter.

Ask for Gifts Early

It’s the start of the New Year, so people will understand your resolutions to get in the best shape of your life. And you can tell them they can support you by giving you your presents early this year.

We all have a birthday, so tell friends, family & co-workers that you’d like your present early so you can get training right away. And that due to the inconvenience, not to spend as much as usual… whatever they can send your way right now would rock. It’s the best thing they could give you this year, whatever that amount is, and that you’re super thankful for it.

Got another holiday as well? Let friends give you all your year’s presents at once in the form of an EliteFTS gift card:

Call-In Outstanding Debts

Friend, family or colleague owe you money?

Time to collect! Tell them that the delays are preventing you from making your home gym, and be persistent about it. Of course, if you’ve promised them a certain window, don’t be a jerk and try to collect early… but if they owe you and have been putting it off… apply the pressure! You’ve done them a favor after all and they should be happy to pay you back for your kindness.

Be a Beggar

Put a collections jar on your desk at work. Say you’re making a home gym and whoever contributes is welcome to come. Make the rounds once a week and ask every person, including your bosses. You’re offering them a hell of a deal, but don’t expect many of them to take you up on it.

If you go the begging route, be sure to be very thankful, and show everyone pictures of your gym once it’s started. It’s only right that you share your thanks to those who are kind to you!

Get Creative

Just about everyone has a skill they can use to earn some more cash on the side. It may not pay as well as your day job, but if you really want a home gym, you’ll find a way to get the money for it.

One of my friends sells swords on eBay as a hobby, and he’s projecting $10k in profit this year… that can afford a very nice setup!

Long-Term Considerations

Most commercial gyms are a joke, and the membership prices they charge are ridiculous. You also don’t need all the extras they push as an additional form of revenue (i.e. supplements!).

That’s why serious trainers make their own gyms, and get much stronger than those who don’t. Be ready to be called “hardcore” for having your own home gym, but in reality… it’s LESS HARD!

You get to workout from the convenience of your own home, when you want to, and without the waiting, distractions or lunk alerts…

Your Gym, Your Rules

Spit, scream, crank the volume and dance like you’re on Saturday Night Fever, or throw darts at a picture of Oprah’s face in between sets.

Get in quicker, get out quicker, and enjoy better results than ever.

Home Gyms ROCK!

It’s Not That Hard to Finance…

Even if you’re footing the whole bill by yourself, it easily pays for itself within 1-2 years, 3-5 with all the bells and whistles.

But if you’re not a complete hermit and have friends, family or co-workers – it’s even easier to build your gym. Worst case scenario, do some begging during or after your day-job… you’d be surprised how well some beggars eat.

Start 2013 off on the right foot by committing to starting your home gym.

I promise, you won’t regret it!


Here are some helpful links to get the party started:

We’re in no way compensated for endorsing EliteFTS… we just know their products are quality since Chris has spent well over $20k with them. The delivery guys hate it when he buys atlas stones, specialty bars, and 50kg plates.