MAP 075: Why Most Realtors Will Always Live Paycheck to Paycheck... and How to Fix It
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Even though Realtors help buyers and sellers navigate the biggest financial transactions of their lives, the vast majority of Realtors still live commission check to commission check themselves. Despite the possibility of such large paydays, most Realtors still fully rely on closing the next deal in order to make a living. Even the most successful real estate agents, those with a nice buffer of cash in the bank, still have a huge vulnerability… if they ever stop showing homes and taking listings, their income disappears. 

To be fair, this is not just an issue for us Realtors, but for all people in all industries. We as a society are terrible with money; more specifically, making certain decisions and putting systems in place now to ensure that we’re moving towards financial freedom. We think it's so much easier to just plan on that paycheck coming in, rather than laying the groundwork for multiple streams of income that do not rely on our own personal activities to generate income. 

This week, we’ll talk about some very specific ways you can start building a nest egg, and working towards financial freedom. Specific, yet simple ways you can develop and implement a few extra streams of income without the need t start new, unrelated businesses or distracting you from what you’re currently doing as a real estate agent. 

But before we get into the specifics, you must have one thing; an open mind and a willingness to admit that you don’t know everything, and that there may be something out there that is better than what you’re currently doing. Will you truly listen with an open mind? We're about to find out.

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