Many investors become inclined to settle for an unoptimized lifestyle because they never realize how uncomfortable they truly are until they step outside their perceived “comfort zone.” Our guest today was the same—he didn't know how better things could be until he started actually exploring his options.
Matt Theriault is a real estate investor and mentor at Epic Real Estate Investing and also hosts its podcast. For a long time, he lived deal-to-deal and experienced financial issues to the point of nearly retiring, but after learning about and implementing the Profit First approach, he regained hope and grew his business to the success it is today.
This episode is going to hit home for many. If you find yourself in a similar situation, let this episode inspire you into taking the same steps! Join us!
Key Takeaways:
[00:43] Introducing Matt Theriault and His Background
[04:18] Matt and the Profit First Message
[07:46] Matt’s Business Before Profit First
[10:19] The Effect of Applying Profit First for His Business
[12:51] Matt on Nearly Retiring
[15:49] On How Profit First Helps Open Up More Options for His Business
[17:23] On Developing His Involvement in the Financial Side of Their Business
[21:01] The Habits that Helped Him Succeed as an Investor
[22:51] Advice for Investors: Implement Profit First ASAP
[24:30] Connect with Matt
Quotes:
[08:54] “Once you get out of your comfort zone, you'll quickly realize that you weren't that comfortable.
[16:11] “I have been able to tap into it, and go ahead and see some opportunities that I might not have otherwise been able to, just because I [implemented Profit First]’”
[22:58] “I want to say [implement Profit First] ASAP. If I were to go back in hindsight, when someone [asks] what’s one of the first things…that [I would] do…at the very least get a QuickBooks thing set up, get a bookkeeper set up just because to go back and fix all that stuff retroactively is very complicated, very time-consuming, and very expensive.”
Connect with Matt
Youtube: https://www.youtube.com/channel/UC8ZYmCweKD2x-wy8PDEiFog
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. – David
