Real Profits Blog

Let's talk about money

Written by Gene Donohue | 1/30/24 6:09 PM

It's time to get comfortable with being uncomfortable!

Today, I want to have a heart-to-heart discussion about your finances because let's face it - many of you are living paycheck to paycheck and avoiding looking at the full picture. But my friend, this head-in-the-sand approach will only lead to instability in the long run.

As a real estate coach, I've had countless conversations with agents just like you who are frustrated by unpredictable income and expenses. And you know what? I've come to realize that sometimes, our agents aren't always honest about their business and personal finances. It's time to change that.

Let me share a story with you that speaks volumes. I remember an agent when I was a Broker-In-Charge, who broke down in tears when we took a close look at her finances. For years, she avoided tracking her spending and income. It was overwhelming, and she felt ashamed. But here's the incredible part: by getting real about her numbers, Jane gained control. She installed a cash flow system into her business, created a business and personal budget and identified areas where she could cut costs. And you know what happened? Within a year, she was paying herself a consistent salary, had money to pay her taxes and had the beginnings of a healthy business savings account. Talk about a real-life success story!

So, here's the bottom line my friend: hiding from your finances simply doesn't work. To gain stability in your life, you must be comfortable being uncomfortable and confront the full reality of your money situation. It's time to face the music and take control of your financial destiny.

I love this quote by Eleanor Roosevelt: "No one can make you feel inferior without your consent." And guess what? That applies to your money too! So give yourself some grace, but also hold yourself accountable. Your finances don't have to define you, but they do undeniably impact your life. And here's the exciting part - you have the power to take control and create a better financial future for yourself and your family.

So, I want to extend an invitation to you. What's your biggest financial challenge right now?  Send me an email to gene@realprofitsnation.com and share your challenge and I promise I will reply with some words of wisdom.

Whether it's having an honest conversation with yourself or seeking guidance from a trusted advisor, take that first step. Small steps add up, and I believe in your ability to make positive changes. You've got this!

Remember, I'm here to help you along the way. As your personal guide to financial success as a real estate agent, I'm excited to see you overcome your financial frustrations. So take that leap of faith, embrace your financial reality, and let's start building a brighter future together. Your success in the real estate world is within reach - I can't wait to see you thrive!


Cheers!