EPISODE · Jul 26, 2024 · 35 MIN
Acting Rich VS. Acting Wealthy (The Reason Why So Many Realtors Never Retire)
from The Listings Lab Podcast With Jess Lenouvel · host Jess Lenouvel
Real Estate Agents! Let's talk about money... There is a difference between people who act rich… and those who act WEALTHY. And let me you tell you… people who are truly wealthy act very differently. They act differently than those who have just started to make money… And I see certain patterns a LOT in this industry. As real estate agents start earning money… They start to ACT rich, because they want to APPEAR rich, and they want to FEEL rich… But they are actually *repelling* wealth. They buy a nicer car. They travel every month for nice vacations. They buy designer clothes, and bags, and watches, and shoes, and belts. They buy A LOT of things… But none of those things are actually bringing them any kind of ROI. They buy to feel a certain way and look a certain way to others. This is the problem. This is why they aren’t ever able to create real wealth. “Realtors never retire”... and it’s not because they don’t want to. It’s because they can’t. Some agents who make $500k+ a year are living paycheck to paycheck. And it all comes down to how they think about and manage their money. It is DANGEROUS not to know how to handle your money. There are a handful of very specific things that make the difference between staying in the same cycle with money… and actually getting ahead. And on this week's podcast episode, I’m going to break them down for you, specific to real estate, so that you can start building real wealth as an agent. P.S. To get more information on our Toronto Live Event, click the link below to learn more. https://www.thelistingslab.com/event/
What this episode covers
Real Estate Agents! Let's talk about money... There is a difference between people who act rich… and those who act WEALTHY. And let me you tell you… people who are truly wealthy act very differently. They act differently than those who have just started to make money… And I see certain patterns a LOT in this industry. As real estate agents start earning money… They start to ACT rich, because they want to APPEAR rich, and they want to FEEL rich… But they are actually *repelling* wealth. They buy a nicer car. They travel every month for nice vacations. They buy designer clothes, and bags, and watches, and shoes, and belts. They buy A LOT of things… But none of those things are actually bringing them any kind of ROI. They buy to feel a certain way and look a certain way to others. This is the problem. This is why they aren’t ever able to create real wealth. “Realtors never retire”... and it’s not because they don’t want to. It’s because they can’t. Some agents who make $500k+ a year are living paycheck to paycheck. And it all comes down to how they think about and manage their money. It is DANGEROUS not to know how to handle your money. There are a handful of very specific things that make the difference between staying in the same cycle with money… and actually getting ahead. And on this week's podcast episode, I’m going to break them down for you, specific to real estate, so that you can start building real wealth as an agent. P.S. To get more information on our Toronto Live Event, click the link below to learn more. https://www.thelistingslab.com/event/
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Acting Rich VS. Acting Wealthy (The Reason Why So Many Realtors Never Retire)
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