Do Real Estate Agents Need To Spend Money To Make Money? - EP 193 - Real Estate Fight Club

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Do Real Estate Agents Need To Spend Money To Make Money? - EP 193

June 5, 2023 • 24 mins

(Do Real Estate Agents Need To Spend Money To Make Money?) - Ep 193

On this episode of the Real Estate Fight Club Podcast, Jenn and Monica are addressing the question, “Do Real Estate Agents Need To Spend Money To Make Money?” Our guest Sarry Ibrahim, shares his expertise on money principles!

Tune in and find out!

Episode Highlights:

Sarry agrees that we should spend money to make money, you have to establish your core principles. If you skip those principles, it makes life much harder!
Jennifer says, ‘Don’t spend more than you make!’
The first tip is; Differentiate your goals from your business and from your team.
Make your goals as straightforward as possible! Identify what those goals mean to you.
Teams don't continue forward When they don’t have the same goals.
Monica says we don't think like that as agents and our business.
As Real Estate agents, it should be our goal to make our business outlive us.
The second tip is; Have processes and statements read, and have them documented, to manifest solutions!
The third tip is; The financial tracker, track finances every day!
Once you have your financial tracker in place, your decisions will be in place.
There is a concept called Pocket First! Have allocations in place and this will help us get clarity on our limits.
You can get leads from the super bowl, but if you haven’t set your work ethic, they’ll be hopeless leads. Let’s work on that first, before you think about buying leads!
With Realtors, you need to think about benefits! Make a retirement plan that you can be confident in, and not only rely on the next home sale.

3 Key Points:

As Real Estate Agents, we are business owners, so we should think like business owners. We have to set principles that we will follow when it comes to finance!
When setting our goals, we must be clear and straightforward. Once you have your financial goals and tracker in place, your decisions will be in place as well.
With Realtors, you need to think about benefits! Make a retirement plan that you can be confident in, and not only rely on the next home sale.

Resources Mentioned: