EP572: Making Profit A Habit

If you're looking to implement a system that can get 7 figures into your bank account, this episode is going to blow your mind. Listen in as David Richter shares everything you need to know about the Profit First system, including to whom this method is for and an exercise that will help you save up thousands of dollars in expenses.     KEY TAKEAWAYS The biggest mistakes people make with their business The right formula to calculate your profits Percentage of your income you should transfer to your profits An exercise to make your transactions and team more efficient Why you need to turn your profits into a habit in your business     RESOURCES/LINKS MENTIONED Profit first by David Richter Rich dad poor dad by Robert T. Kiyosaki The richest man in Babylon by George S. Clason     ABOUT DAVID RICHTER David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company's finance seat to help them see where their money was really going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company Simple CFO Solutions, LLC. He is the author of Profit First for Real Estate Investing.      CONNECT WITH DAVID Website: www.simplecfosolutions.com Facebook: Simple CFO Solutions LinkedIn: Simple CFO Solutions     TWEETABLES "When you implement a system into your business, it has to work for you, not the other way around." - Alex Pardo "The ultimate goal is to have control over your money and make profit a habit." - David Richter   ASCEND Don't Wait To Enjoy Your Life, Tomorrow, Live It Today! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life: 🔊 LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts ▶︎ https://www.flipempire.com/podcast   📺 SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW ▶︎ https://www.youtube.com/alexpardo   🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/ FOLLOW ALEX ON: ★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo ★ YOUTUBE → https://www.youtube.com/alexpardo     ASK ALEX A QUESTION: Have a question you want to feature in an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!     SPONSOR Visit http://leftmainrei.com/flipempire to schedule your free demo and see the most powerful CRM system built for real estate investors, BY real estate investors!