A CEO spends $1,300 a month on staying fit. He's a member of gyms in NYC and London, and does 2 fitness classes before work.
iStock; Ava Horton/BI
- Yann Magnan, 53, is the CEO of a software startup who lives in New York City and London.
- He told BI's Fitness Money Diaries series that he spends around $1,300 a month on keeping fit.
- Magnan does 12 fitness classes a week. Every other week day he does two classes back-to-back from 6:10 a.m.
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Yann Magnan, the CEO of the startup software company 73 Strings, told Business Insider's Fitness Money Diaries series that he spends $1,300 a month on his health on average, to train for competitions and stay healthy as he ages.
Magnan, 53, who is French, switches between living in New York City and London every two to three months. He also spends between seven and 10 days each month traveling, often to San Francisco, Paris, Dubai, and Singapore. So his fitness routine has to be flexible, he said.
In April, Magnan will participate in his second Hyrox competition, an indoor fitness event consisting of eight functional exercises completed between eight kilometers of running.
To train for this, he runs and does around 12 fitness classes a week, including two back-to-back strength and cardio classes from 6 a.m. to 8 a.m. every other weekday.
Yann Magnan/73 Strings
Magnan said his fitness routine helps him perform better at work and is a "lot of fun."
"I have a pretty stressful life, and my work days are pretty extensive — they can be as long as 16 hours. So I need the time in the morning where I clear my head and do something different to get me into the day," he said.
Overall, his goal is to age healthily. "The way I'm looking at things is that if I stay fit up to a certain level, I will stay in good health for a longer time. That's how I look at it — as an investment in my future health," he said.
"But I'm French, too, and I love good food and wine. So I do both. I go for a nice dinner and then the next day, I go to the gym to compensate."
Here's a breakdown of Magnan's monthly spend on health and fitness.
Yann Magnan/73 Strings
12 fitness classes a week at three different gyms: $1,116 a month
Magnan spends $270 a month on an unlimited class subscription at OrangeTheory, and goes to an hourlong, 7:15 a.m. class every morning when he's in New York. The classes vary but typically involve high-intensity interval training, including weightlifting, running on a treadmill, and indoor rowing.
Each week, Magnan also takes five Barry's Bootcamp classes — HIIT workouts using treadmills and weights — costing $37 each. He does 6:10 a.m. to 7 a.m. classes on Mondays, Wednesdays, and Fridays, as well as later ones on weekends.
"They target different things that I want to work on," he said of OrangeTheory and Barry's Bootcamp. "And I also want to be able to sustain a pretty intense effort for a long time — it's a total of one hour 45 minutes."
When he's in London, Magnan pays £235 ($291) a month for membership at Third Space gyms, which offer similar high-intensity treadmill and weights classes.
Yann Magnan/73 Strings
One of his daughters often joins him at Barry's Bootcamp in New York or Third Space when she's in London. Magnan also does classes with clients and business partners whenever he can. This is in stark contrast to when he worked in France 15 years ago, and his business meetings were wine tastings or took place at fancy restaurants.
Running: $0
Magnan also goes running when he wants to add variety to his exercise routine, or when he's traveling and doesn't want to go to the gym.
Fitness competition entry fees: Around $300 per quarter
Magnan aims to do quarterly Hyrox competitions and half-marathons, he said. In April, he plans to run a half-marathon in New York and compete at Hyrox in Miami.
Both have entry fees — around $150-200 for marathons, and $150 for Hyrox competitions.
Yann Magnan/73 Strings
Gym clothes and shoes: $1,260 a year
Magnan doesn't buy any equipment for his training.
But each year he spends around $130 each on two pairs of gym shoes, usually in the run-up to a race, as well as about five pairs of workout shorts and five T-shirts.
These items, typically from stores like Lululemon, cost around $100 each.
Full physical examination: $1,500 every two years
Every two years, Magnan spends around $1,500 on a full-body physical examination with a private doctor in Paris. This measures markers of health such as his cardiovascular fitness and blood pressure.