Biggest Money Mistakes Investors Make and Do THIS to Avoid Them

Disruptors

Steve Trang

Business, Investing, Careers

4.9 • 742 Ratings

🗓️ 29 January 2024

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Richter of SimpleCFO Solutions shares invaluable insights into the biggest money mistakes investors make and the proactive steps you can take to avoid them. From mismanaging cash flow to overlooking key financial metrics, David delves into common pitfalls and offers practical strategies to safeguard your investment journey. Don’t miss this enlightening discussion that could save you from costly financial errors. Biggest Money Mistakes Investors Make and Do THIS to Avoid Them | Video Replay Biggest Money Mistakes Investors Make and Do THIS to Avoid Them Biggest Money Mistakes Investors Make and Do THIS to Avoid Them David Richter | SimpleCFO Solutions David Richter is an active real estate investor who has been essential in closing over 850 deals over the last 7 years 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 the door. With the unique opportunity of being in every seat as a real estate investor, he found a calling in the company’s finance seat to help businesses see where their money went. David has helped real estate companies completely turn around from going out of business to building cash reserves by using the Profit First cash flow system. He wrote Profit First for Real Estate Investors. This book is a derivative of the original Profit First by Mike Michalowicz, tailored specifically for Real Estate Investors. His goal is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances. He wants to bring investors true financial clarity and freedom and help every investor stop living deal to deal. https://simplecfo.com/red/ Instagram | @richterscale91 Biggest Money Mistakes Investors Make and Do THIS to Avoid Them Get 10% OFF on InvestorLift. Use promo code DISRUPTORS. Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/ Subscribe to Our YouTube Channel Share this with someone who would value this information. 👉 for more excellent free content! Schedule a free call with our Millionaire Advocates to discuss your situation and receive personalized advice. https://rb.gy/e0cqfh Get Connected https://tap.bio/@stevetrang Follow Us on iTunes/Apple Podcast and Leave a ⭐️⭐️⭐️⭐️⭐️ Review Real Estate Disruptors https://podcasts.apple.com/ph/podcast/real-estate-disruptors/id1386400008 Spotify https://open.spotify.com/show/7G54paZF7C28VF6l2hLCvl?si=cxHATrYLQ6Ws7kgtWonuXQ https://open.spotify.com/show/7G54paZF7C28VF6l2hLCvl?si=MS-x88vlRNiidB8NpV_2cw Take Your Sales Team To The Next Level! Learn more about our Sales Training, Workshop, and Mentorship! www.closemoresales.com Text LEADERS to 33777 Disruptors Sales Leadership Training 2.0 + Culture + Leadership + Processes disruptors.com/success Disruptors Sales Masterclass Create a Recession-Proof Business That Thrives in any Market Condition https://www.disruptors.com/salesdisruptors☎️ Join our Sales Community NOW!https://www.salesdisruptors.com/ Struggling? We’re here to help. Schedule a call with us! https://rb.gy/e0cqfh Want to Work with Us? We’re looking for people who want to invest in real estate. If this is you, go to www.teamwithsteve.com. LOOKING FOR A NEW CAREER? DISRUPTORS IS HIRING! Want to work with us? https://www.disruptorsjobs.com/ Get 10% OFF on InvestorLift. Use promo code DISRUPTORS. Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/ Helpful Links Buy our Perfect Seller Appointment Checklist. https://www.disruptors.com/checklist Want to close more deals without spending any more money? Go to 👉https://www.disruptors.com. Please give us a follow on Instagram: https://www.instagram.com/steve.trang TikTok: https://www.tiktok.com/@stevetrang Facebook: https://www.facebook.com/stevetrang Twitter: https://www.twitter.com/stevetrang Visit: https://web.disruptors.com/erc www.agentinvestors.com/red www.joinreal.com steve@closemoresales.com Text me at 480-637-2313 Real Estate Resources Please find out more about wholesaling by joining our movement at https://l9aljqz8k7.wpdns.site. Join Our Private FB Group. https://www.facebook.com/groups/realestatedisruptors/ Real Estate Resources: https://www.disruptors.com/tools About Steve Trang Steve Trang (https://www.stevetrang.com) is the founder of Real Estate Disruptors. He started his podcast in the middle of 2018 to inspire wholesalers and real estate agents to double their incomes by adding a 2nd leg to their business. The podcast has grown to tens of thousands of followers, with new community members sharing their success stories every week. Steve’s legacy will be to create 100 Millionaires. One of his favorite quotes is from the great Zig Ziglar: “You can have everything in life you want if you will just help enough other people get what they want.” He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. It’s essentially one of the core values Steve lives by. Biggest Money Mistakes Investors Make and Do THIS to Avoid Them The post Biggest Money Mistakes Investors Make and Do THIS to Avoid Them appeared first on Real Estate Disruptors.

Transcript

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0:00.0	So many people lose sleep at night, not because they lose money, it's because they don't know how much they're losing.
0:05.2	A lot of the entrepreneurs that we encounter that look successful on the outside, literally have seven-figure businesses, are not taking home what they even need.
0:12.6	They are constantly stressed making bad decisions in their business because they're constantly stressed about what they're bringing home or not bringing home.
0:22.1	Everybody, thank you for joining us for today's episode, Real Estate DisRexam. they're constantly stressed about what they're bringing home or not bringing home. Hey, everybody.
0:22.9	Thank you for joining us for today's episode, Real Estate Disruptors.
0:25.3	Today we have David Richter with Simple CFO Solutions.
0:28.4	And David Flew in from Orlando, Florida, talk about the biggest money and mistakes investors make and do this to avoid them.
0:35.8	Now, I'm going to mission to create 100 millionaires.
0:37.1	The information on the show alone is enough to help you become a millionaire in the next five
0:41.1	to seven years. If you take consistent action, you'll become one. And the show is brought to you
0:45.3	by our sister company, Investor Lift. Get access to millions of cash buyers across the country.
0:50.2	Go to investorlift.com. Put in disruptors to get 10% off. And guys, if you get value out of today's show, please hit that subscribe button.
0:57.5	That way we can all grow together.
0:59.8	You ready?
1:00.8	I'm ready.
1:01.7	All right.
1:02.2	So in talking to you before the show, you indicated that you are part of a company
1:08.7	that did 850 deals approximately doing 25 deals a month
1:15.1	but spending 26 deals a month worth in marketing or expenses.
1:21.6	Yes.
1:22.6	So that that's an interesting math, interesting model.
1:26.6	Yeah, it was.
	...

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