It's a fact that most of us got into this industry not just to help people and make money, but also to build wealth. But how do you go about doing it? A simple but effective strategy for getting there is through the 70/30 rule. Here's how it works: What is the 70/30 Rule for Realtors? The 70/30 rule is a simple formula that can profoundly change the way you approach your personal finances and ...

If you're like me, you got into this business not just to make money and help people, but to build wealth.  But how do you that? There's no Order of Operations for Realtors interested in building wealth! In 2024, I wrote a 10-Step CE class for Realtors interested in building wealth. Step "0" is actually the most important step of all, and I'd like to share that with you here: What Is Your “Enough” Number? The ...

As real estate agents, maximizing your income isn't just about closing more deals—it's also about smart financial management, particularly when it comes to taxes. One strategic approach that many successful realtors utilize is forming an S-Corporation to save significantly on taxes. If you're making over $75,000 a year, this could be a game changer for your finances. Quick disclaimer before you read any further - I am neither a CPA nor an attorney, so be ...

Building wealth through real estate is a primary motivator for the majority of the Realtors that I lead and coach. The single most effective way to build wealth in real estate? By asking yourself a simple question each time you go to a seller's home to list it: Do I want to sell this home, or do I want to buy this home? Here’s a deeper look into how adopting this investor’s mindset can significantly ...

The 5 Bank Accounts You Need to Build Wealth Why Just Sell Houses When You Can Build Serious Wealth? Fellow Realtors! I get how awesome our job can be. There's nothing like the thrill of closing a deal and making our clients happy. But I've got a question: are you only selling houses? Or do you want to make enough money to start building wealth? If you're all about the second choice, then keep reading ...