Episodes with David Richter
3
1:34:00Money Hacks: Going From 7-Figure Years To 7-Figure Months
Steve Trang interviews David Richter from Simple CFO about transitioning from seven-figure years to seven-figure months through proper financial management. Richter emphasizes implementing Profit First principles, establishing cash management systems, and developing disciplined financial habits to create the reserves needed for strategic business growth and better decision-making.
1:17:55Biggest Money Mistakes Investors Make and Do THIS to Avoid Them
Steve Trang interviews David Richter from Simple CFO Solutions about the biggest financial mistakes real estate investors make. Richter shares how his previous company did 25 deals per month but spent equivalent to 26 deals worth in expenses, illustrating the common trap of the 'hope and pray' financial plan that leaves successful-looking investors cash-poor and stressed.
1:27:41How to Turn your Business into a Money Printer | Money Management in Real Estate with David Richter
Steve Trang interviews David Richter from Simple CFO Solutions about why most real estate investors aren't profitable despite high revenue. Richter shares the Profit First system for real estate, explaining how to flip the traditional formula from 'sales minus expenses equals profit' to 'sales minus profit equals expenses' and set up multiple bank accounts to ensure consistent profitability.