If You Don't Know Your Numbers, You Don't Have a Business - David Richter » 1247

This will be one of the most important podcasts that you've ever listened to in terms of real estate investing and understanding your numbers. Here’s the deal: if you don’t know your numbers, you don’t have a real business. When I was in a mastermind around seven or eight years ago, I heard a guy say that, and it hit me. I had a business, and I was making money, but I also kind of wasn’t. If you’ve been following me for a while, you know I got into big trouble with the IRS and was hit with insane tax bills. So many of my problems could have been avoided if I had just known my numbers. How did I get out of that mess? I started implementing the “profit first” philosophy, and David Richter joins me here to get into it. He’s the author of Profit First for Real Estate Investing. There’s no need for you to live on the ups and downs of the cash flow roller coaster. David walks through the strategies you need to create stability in your business finances. The reason we got into this business is to find the freedom to spend more time with our family or to do what we enjoy and love. Dealing with stressful money problems is totally unavoidable.What’s Inside:—The impact that not knowing your numbers can have on your business.—How the Profit First strategy can eliminate money stress in your real estate business.—Info on how to get David’s book for free.