In this episode, Todd Toback reveals the hidden financial habits that separate wealthy real estate wholesalers from those who stay stuck in the hustle. Learn why your balance sheet is more important than your income statement, the first financial hire every wholesaler needs to make, and how to manage your cash reserves for long-term stability.

Todd also shares practical tips on handling credit card debt and the right time to move profits into your personal account. If you want lasting wealth—not just big checks—this episode is a must-listen.

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Show notes:

(0:51) Beginning of today’s episode
(1:11) What are balance sheets?
(2:39) Get a bookkeeper (you need it)
(3:55) How much money should you have on hand?
(6:35) If you get to above 100k, put half of that in your personal bank account
(7:41) Get rid of all recurring credit card debt

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Resources:

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WIP 1731: The Hidden Key to Becoming Wealthy as a Real Estate Wholesaler