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When Your Expenses Are High But Your Profit Is Genius - David Richter | 1328
Manage episode 433161220 series 1230
Contenu fourni par Matt Theriault. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Matt Theriault ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
David Richter discusses the Profit First system for real estate investors, which helps them manage their cash flow and increase profitability. The system involves setting up different bank accounts to allocate funds for specific purposes, such as profit, taxes, and operating expenses. By automating the process and implementing good money habits, investors can avoid the cash flow roller coaster and have more control over their finances. Richter emphasizes the importance of having a CFO or financial advisor to provide guidance and help make informed decisions based on the numbers. He also highlights the need for a strong financial foundation and mindset of coachability and teachability to achieve success.
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Manage episode 433161220 series 1230
Contenu fourni par Matt Theriault. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Matt Theriault ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
David Richter discusses the Profit First system for real estate investors, which helps them manage their cash flow and increase profitability. The system involves setting up different bank accounts to allocate funds for specific purposes, such as profit, taxes, and operating expenses. By automating the process and implementing good money habits, investors can avoid the cash flow roller coaster and have more control over their finances. Richter emphasizes the importance of having a CFO or financial advisor to provide guidance and help make informed decisions based on the numbers. He also highlights the need for a strong financial foundation and mindset of coachability and teachability to achieve success.
P.S. Whenever you're ready to go deeper and further with your real estate investing, looking into my partner program to help you get your first deal might be the move... take the first step here for free 👉 https://epicearnwhileyoulearn.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
1435 episodes
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Similaire à Epic Real Estate Investing
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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continue reading
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