If You Don't Know Your Numbers, You Don't Have a Business - David Richter 1247
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This will be one of the most important podcasts that you've ever listened to in terms of real estate investing and understanding your numbers. Here\\u2019s the deal: if you don\\u2019t know your numbers, you don\\u2019t have a real business. When I was in a mastermind around seven or eight years ago, I heard a guy say that, and it hit me. I had a business, and I was making money, but I also kind of wasn\\u2019t. If you\\u2019ve been following me for a while, you know I got into big trouble with the IRS and was hit with insane tax bills. So many of my problems could have been avoided if I had just known my numbers.
How did I get out of that mess? I started implementing the \\u201cprofit first\\u201d philosophy, and David Richter joins me here to get into it. He\\u2019s the author of Profit First for Real Estate Investing. There\\u2019s no need for you to live on the ups and downs of the cash flow roller coaster. David walks through the strategies you need to create stability in your business finances. The reason we got into this business is to find the freedom to spend more time with our family or to do what we enjoy and love. Dealing with stressful money problems is totally unavoidable.
What\\u2019s Inside:
\\u2014The impact that not knowing your numbers can have on your business.
\\u2014How the Profit First strategy can eliminate money stress in your real estate business.
\\u2014Info on how to get David\\u2019s book for free.
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