One of the many goals of entrepreneurs is to build a business to the point that you can exit while it generates passive income.
George Salas is one of the many investors who had the same goal until he ran out of money from the get-go and struggled to pay himself. Finally, he realized he had to take charge of his cash flow. He then began to implement Profit First and take steps to ensure his finances were managed correctly.
George is a real estate investment strategist and the CEO of Renovestors. He now utilizes the lessons he learned on money management to help other investors with his cash flow, and he joins us today to share his experience.
Key Takeaways:
[00:57] Introducing George Salas
[04:56] George Salas and His Money Struggles, Especially as a Beginner
[07:21] On Struggling to Pay Himself and Taking Initiative to Manage His Money
[13:42] On Adjusting to the Recession and Generating Profitability
[17:34] Why Do Many Investors Live Deal-to-Deal?
[20:36] On Lessons Learned and New Perspectives on Money
[22:28] Lessons to Pass on to His Kids
[24:20] George’s Keys to Success: Prioritize Personal Development
[27:08] What is Time Blocking?
[29:47] Advice for the Audience: Have an Attitude of Excellence
[32:55] Connect With George
Quotes:
[17:12] “I built a portfolio with the wrong strategy, because [it was the] wrong strategy for what I wanted as a goal.”
[24:50] “My biggest habit has been personal development, right? Making sure that I have a growth routine.”
[29:54] “Even if you're going to deal-to-deal or you do have a goal, there's always a way to improve what you're doing. So in order to do that, you've got to have an attitude of excellence.”
Connect with George:
George’s Website: www.georgesalas360.com
Free Training on Generating a Cash Flow Machine: www.jumpstart2freedom.com
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
