Profit First! That is the battle cry of Jason’s guest in today’s episode. David Richter is the author of the book Profit First for Real Estate Investing. Here he lays out the ‘deceptively’ simple plan to maximize your profits by ‘paying yourself first’ using the “Sales – Profit = Expenses” formula.
[1:35] What is Profit First?
[2:44] What is the Envelope System?
[3:54] Types of Clients
[4:30] Why this Mission?
[6:44] The System
[9:50] The Most Famous Real Estate Investor on Earth
[11:10] Pay Yourself
[12:45] REI Transfer Rhythm
[14:16] Target Allocation Percentages
[17:34] Build & Keep Reserves
[21:55] The Collective with Ken McElroy
The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year??? This will be devastating to some and an opportunity to others, be sure you’re on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets.
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