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The Millionaire Real Estate Agent | The MREA Podcast
55. Foolproof Math for Your Business Plan With David Huffaker
Nov 4, 2024
In this discussion, David Huffaker, a real estate professional with over $500 million in annual sales, shares invaluable insights into business planning. He delves into the PACE planning method and the LIVE budgeting model, presenting them in an accessible way. Listeners learn about setting profit targets, managing expenses, and lead distribution throughout the year. David also emphasizes the importance of aligning business goals with personal lifestyle aspirations and highlights the balance between financial success and family connections.
50:02
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Quick takeaways
- David Huffaker's PACE planning model helps real estate agents set clear objectives by preparing for various financial scenarios throughout the year.
- Viewing expenses as investments instead of costs encourages agents to reinvest in their business for sustainable growth and long-term profitability.
Deep dives
The Importance of Personal History in Real Estate
David Huffaker's journey into real estate was deeply influenced by his childhood experiences, characterized by instability and a lack of financial security. Having grown up without much money and frequently moving, he understood the profound impact that having a stable home could have on people's lives. This personal backdrop drove him to succeed in real estate, as he aimed to help others achieve the stability he lacked in his early years. He emphasizes that agents should consider the potential emotional impact of their work on clients, as many are also in search of stability and a sense of community.
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