Financial life in real estate
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Pete the Planner's Workshop which discusses surviving on a commission income.
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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 CLIENT’S FINANCIAL SUCCESS PeteThePlanner.com
- 4. THERE’S 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 You’ve 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 I’m paid PeteThePlanner.com
- 17. CHANGE YOUR THINKING • You don’t 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 fixed? • 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