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When Your Expenses Are High But Your Profit Is Genius - David Richter | 1328

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Manage episode 433161220 series 1230
Inhoud geleverd door Matt Theriault. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Matt Theriault of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

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

  continue reading

1458 afleveringen

Artwork
iconDelen
 
Manage episode 433161220 series 1230
Inhoud geleverd door Matt Theriault. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Matt Theriault of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

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

  continue reading

1458 afleveringen

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