Mar 03 2025 30 mins
In this conversation, Mike Hambright and David Richter discuss the importance of financial management for entrepreneurs, focusing on the Profit First model. They explore how entrepreneurs can ensure they pay themselves first, the significance of cash reserves, and the implementation of the Profit First system. David emphasizes the need for financial resilience and the role of fractional CFOs in helping entrepreneurs manage their finances effectively. The discussion concludes with resources for listeners to start their journey towards better financial management.
Professional Real Estate Investors - How we can help you:
Investor Fuel Mastermind:
Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you’re already using, our world class community of over 150 members, and SO much more here: www.investorFuel.com/apply
Investor Machine Marketing Partnership:
Looking for consistent, high quality lead generation. America’s #1 lead generation for professional investors. Investor Machine provides true ‘white glove’ support to help you build the perfect marketing plan, then we’ll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: www.investormachine.com
Coaching with Mike Hambright:
Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: www.MikeHambright.com/coaching
Attend a Vacation/Mastermind Retreat with Mike Hambright:
Interested in joining Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike’s East Texas “Big H Ranch”? Learn more here: www.MikeHambright.com/retreat
New Real Estate Investors - How we can work together:
Investor Fuel Club (Coaching and Deal Partner Community):
Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you’ll get trained by some of the best real estate investors in America, and partner with them on deals! You don’t need $ for deals…we’ll partner with you and hold your hand along the way! Learn More here: www.InvestorFuel.com/club
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🎧 Subscribe to the Podcast
Apple → https://podcasts.apple.com/us/podcast/investor-fuel-real-estate-investing-show/id943707421
https://open.spotify.com/show/0yjlEMMn52BRrrlhfxCn4S?si=48f4b577276246e6
YouTube →
https://www.youtube.com/@investorfuel
🤝 Stay Connected with Mike
Follow on Facebook → https://www.facebook.com/mlhambright/
Follow on Instagram → https://www.instagram.com/themikehambright/
https://www.linkedin.com/in/mikehambright
📈Free Training and Resources for Professional Real Estate Investors
Acquisitions Manager Hiring Guide → https://my.investorfuel.com/if-lm-optin-acquisitions-guide
COO Hiring Guide → https://my.investorfuel.com/mm-lm-coo-hiring-guide
Executive Assistant Hiring Guide → https://my.investorfuel.com/mm-lm-ea-hiring-guide
Fuel 5 → https://my.investorfuel.com/mm-lm-fuel5
Triple Your Profits Masterclass → https://go.investorfuel.com/triple-your-profits
🏠Free Training and Resources for New Real Estate Investors
Rehab Live → https://my.investorfuel.com/rehab
Find Your First Deal in 5 Days challenge → https://go.investorfuel.com/find-your-first-deal-5-day-challenge
Join My next 4 Day Live Training Event (Virtual)
💼 Guest Resources
Connect with David Richter on social media:
Facebook: https://www.facebook.com/thesimplecfo