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Many business owners and real estate investors make money but struggle with profitability. In this episode, David Richter shares his journey from scaling to 25 deals a month yet barely keeping any profit, to discovering and implementing the Profit First system. Now, as the author of Profit First for Real Estate Investing and founder of Simple CFO Solutions, David helps entrepreneurs keep more of their hard-earned money and build true financial freedom.
Key Takeaways:
Why making money does not equal keeping money
The three must-have bank accounts for financial clarity
Avoiding the “hope and pray” financial strategy
The biggest financial mistakes investors make
How to implement Profit First in your real estate business
Why a fractional CFO might be your secret weapon
Free Resource: Get David’s Profit First Checklist
Resources Mentioned:
Profit First for Real Estate Investing – https://simplecfosolutions.com/profit-first-david-richter/
Simple CFO Solutions – SimpleCFO.com
Episode Sponsored By:
Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/
CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!
4.8
702702 ratings
Many business owners and real estate investors make money but struggle with profitability. In this episode, David Richter shares his journey from scaling to 25 deals a month yet barely keeping any profit, to discovering and implementing the Profit First system. Now, as the author of Profit First for Real Estate Investing and founder of Simple CFO Solutions, David helps entrepreneurs keep more of their hard-earned money and build true financial freedom.
Key Takeaways:
Why making money does not equal keeping money
The three must-have bank accounts for financial clarity
Avoiding the “hope and pray” financial strategy
The biggest financial mistakes investors make
How to implement Profit First in your real estate business
Why a fractional CFO might be your secret weapon
Free Resource: Get David’s Profit First Checklist
Resources Mentioned:
Profit First for Real Estate Investing – https://simplecfosolutions.com/profit-first-david-richter/
Simple CFO Solutions – SimpleCFO.com
Episode Sponsored By:
Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/
CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!
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