Protecting Profits While Increasing Production

In real estate, a little taste of financial success often leads to an immediate increase in lifestyle, which can be detrimental to our businesses. This occurrence is so common, it’s become an industry cliche. Right now many agents are reaping the benefits of a hot market, but before we go buying that brand new car, we have to practice caution. How do we protect our earnings and create real long-term financial stability? In this episode, we talk about how to protect your profits in any market condition. "We need to earn like it’s a hot market, and spend like it’s a cold market." -Greg Harrelson Three Things You’ll Learn In This Episode The link between money and image What drives agents to increase their lifestyles after getting a little taste of success? Why we shouldn’t spend our hard-earned money too quickly If we’re having a great year business-wise, how long do we wait before increasing our lifestyles? How to avoid a feast-and-famine cycle Since we earn our money on a lagging timeline, how do we ensure our long-term stability?