Profit First for Real Estate Investing: Transform Your Real Estate Investing Business from a Cash-Eating Monster to a Money-Making Machine by Richter David

Author:Richter, David [Richter, David]
Language: eng
Format: epub
Published: 2021-12-02T16:00:00+00:00

Quarterly Profit Distributions

This system will change your life in the day-to-day and at a high level. You’ll also see the money start piling up in the different accounts, and one of those accounts is the Profit account. Every quarter, it will be obvious if your company has done well or not by the amount of money you have been able to deposit and keep in this account. This money is for you as the owner as a return on investment for the risk you took to start the business and have it run like a well-oiled machine.

Every quarter, take up to 50% out of the account and distribute it to yourself to do whatever you want to with that money. Do not rely on this money to pay yourself or to bank on as part of your salary. This should be a reward above and beyond what you pay yourself. Then use the money in any way you want to. Give to others, go on a vacation with your family, buy that car you’ve always wanted to. The point is to give yourself a reason to be happy that you started the business, and that the business returns all that you’ve poured into it.

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