Financial life in real estate
1 like468 views
This document discusses financial strategies for real estate agents. It emphasizes setting a household budget and paying yourself a regular salary to stabilize income. This includes determining a fixed salary based on your budget and other household incomes, setting sales goals to earn bonuses, and using low interest rates to upsell properties responsibly and increase sales. Managing finances through budgeting and a steady salary can help real estate agents make the most of the current economic conditions and make this their best year ever.
Financial life in real estate
- 1. LEARNING TO HANDLE THE FINANCIAL ASPECTS OF THE REAL ESTATE BUSINESS with Pete the Planner
- 3. A GREAT REALTOR IS CRUCIAL TO A CLIENTS FINANCIAL SUCCESS PeteThePlanner.com
- 4. THERES NEVER BEEN A BETTER TIME TO BE A REALTOR PeteThePlanner.com
- 5. INTEREST RATES ARE LOW PeteThePlanner.com
- 6. HOME PRICES ARE LOW PeteThePlanner.com
- 7. GDP IS ON THE RISE PeteThePlanner.com
- 8. UNEMPLOYMENT IS STEADY PeteThePlanner.com
- 9. LESS COMPETITION Youve weathered the storm PeteThePlanner.com
- 10. MORE FOOD FOR YOU 2012 Below 1,000,000 PeteThePlanner.com
- 11. WE HAVE ALREADY HIT BOTTOM PeteThePlanner.com
- 12. R ` PeteThePlanner.com
- 13. ALL THE EXCUSES ARE OFFICIALLY GONE PeteThePlanner.com
- 14. THE MARKET IS READY Are you? PeteThePlanner.com
- 15. HUGE MONTHS TO $0 PeteThePlanner.com
- 16. I LOVE EVERYTHING BUT... how Im paid PeteThePlanner.com
- 17. CHANGE YOUR THINKING You dont eat all of your groceries when you get home Constantly getting bailed-out gets old Run your business like a business The key: Your Household Budget What is average income? PeteThePlanner.com
- 18. BIG MONTH Relax. Breathe. PeteThePlanner.com
- 19. YOUR PAYCHECKS CANNOT BE The Rescue Squad PeteThePlanner.com
- 20. BE A BUSINESS You need a bank account PeteThePlanner.com
- 21. INCOME VS REVENUE PeteThePlanner.com
- 22. IT STARTS AT HOME
- 23. COUNTING TRANSACTIONS PeteThePlanner.com
- 24. A WEEK GONE TERRIBLY WRONG Monday-coffee, candy bar, lunch, coke, Target, Walgreens, dinner Tuesday-coffee, gas, lunch, Wednesday-donuts, coffee, dinner Thursday-breakfast, chips, CVS Friday- lunch, dinner, club Saturday-coffee, gas, lunch, car wash, drinks, dinner, drinks Sunday-breakfast, grocery, Macys, lunch
- 25. BUDGETING PeteThePlanner.com
- 26. GIANT MISCONCEPTION ABOUT BUDGETING PeteThePlanner.com
- 27. BUDGETING IS awareness communication accountability PeteThePlanner.com
- 28. 5% 3% 5% 25% 5% 5% 5% 10% 15% 10% 12% Housing 25% Transportation 15% Food 12% Savings 10% Utilities and Phone 10% Charity 5% Entertainment 5% Medical 5% Holidays/Gifts 5% Clothing 5% Misc 3% PeteThePlanner.com
- 29. $15K...TWO WAYS Jan $4,000 Jan $3,000 Feb $0 Feb $3,000 March $9,000 March $3,000 April $2,000 April $3,000 May $0 May $3,000 PeteThePlanner.com
- 30. PAY YOURSELF A SALARY PeteThePlanner.com
- 31. SETTING YOUR SALARY PeteThePlanner.com
- 32. BUDGET - OTHER INCOME = YOUR SALARY PeteThePlanner.com
- 33. KNOW THE FACTORS How many incomes are in your household? Are the other incomes 鍖xed? Discretionary spending needs to re-evaluated Debt minimum payments Take the pressure off PeteThePlanner.com
- 34. EARN YOUR BONUS Set quarterly activity and sales goals to earn your bonuses PeteThePlanner.com
- 35. END THE ROLLER COASTER PeteThePlanner.com
- 36. ECONOMIC STRATEGIES TO INCREASE SALES PeteThePlanner.com
- 37. USE INTEREST RATES TO UPSELL...RESPONSIBLY PeteThePlanner.com
- 38. THE PLAN ON HOW TO MAKE 2012 THE BEST YEAR EVER PeteThePlanner.com
- 39. HAVE YOU CRIED WOLF? PeteThePlanner.com
- 40. KNOW YOUR BUDGET PeteThePlanner.com
- 41. PICK YOUR SALARY PeteThePlanner.com