Biggest Money Mistakes Investors Make and Do THIS to Avoid Them

Disruptors

Steve Trang

Business, Investing, Careers

5 • 741 Ratings

🗓️ 29 January 2024

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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

Transcript

Click on a timestamp to play from that location

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.
	...

Transcript will be available on the free plan in -429 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Steve Trang, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Steve Trang and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.