If you're looking to implement a system that can get 7 figures into your bank account, this episode is going to blow your mind. Listen in as David Richter shares everything you need to know about the Profit First system, including to whom this method is for and an exercise that will help you save up thousands of dollars in expenses.
KEY TAKEAWAYS
- The biggest mistakes people make with their business
- The right formula to calculate your profits
- Percentage of your income you should transfer to your profits
- An exercise to make your transactions and team more efficient
- Why you need to turn your profits into a habit in your business
RESOURCES/LINKS MENTIONED
- Profit first by David Richter
- Rich dad poor dad by Robert T. Kiyosaki
- The richest man in Babylon by George S. Clason
ABOUT DAVID RICHTER
David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company’s finance seat to help them see where their money was really going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company Simple CFO Solutions, LLC. He is the author of Profit First for Real Estate Investing.
CONNECT WITH DAVID
- Website: www.simplecfosolutions.com
- Facebook: Simple CFO Solutions
- LinkedIn: Simple CFO Solutions
TWEETABLES
- “When you implement a system into your business, it has to work for you, not the other way around.” - Alex Pardo
- “The ultimate goal is to have control over your money and make profit a habit.” - David Richter
ASCEND
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