Today’s episode delves into Shannon's recent appearance on David Richter's "Profit First for Real Estate Investors" podcast.
Listeners will explore key takeaways from the conversation, including the importance of understanding business financials, the concept of paying oneself first, and breaking down complex financial topics into simple, actionable advice. David, the host of "Profit First for REI," discusses with Shannon why many entrepreneurs struggle with appropriate self-compensation and how Shannon's journey—shifting from a would-be Spanish teacher to running her own successful accounting firm—informs her mission to educate growth-minded business owners.
The episode also touches on Shannon's experiences with corporate dissatisfaction, her transition to launching her own practice, and her drive to foster financial clarity among her clients. Emphasizing the power of podcasting in knowledge sharing, this episode offers practical steps for ensuring a business’s financial health. Listen to "Profit First for Real Estate Investors" podcast here: https://podcasts.apple.com/us/podcast/profit-first-for-real-estate-investors/id1526029555
What you'll hear in this episode: 06:01 Realized teaching gift; started firm and podcast.
07:49 Early lesson: Invest in stocks, not toys.
10:23 Realized importance of clear, non-judgmental communication.
16:14 Business thrived remotely during 2020's opportunities.
18:22 Helping growth-minded, goal-focused business owners simplify finances.
22:48 Transitioning to an in-house bookkeeping team.
26:01 Pay yourself first to avoid business pitfalls.
28:11 Increasing salary to match employee compensation.
32:54 Guide growth-minded owners, emphasize paying yourself first. If you like this episode, check out: My Most Expensive Mistakes
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Mastering Abundance Mindset Want to learn more so you can earn more? Join Gusto today and get a $100 Visa Gift Card Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
