The Financial Blueprint
I want to share with you a series of questions that will help you get clear on your financial goals.
1) How much does it cost to run your business?
Do you know exactly what it costs to run your business?
You should, it is your business!
Think of the fixed costs, variable costs, leases, etc.
2) How much does it cost to run your home?
These are the basic costs to run your household.
3) How much outside income are you bringing in?
Don’t forget to consider the outside incoming in as well.
After you’ve calculated that, find the difference between what is coming in and what it costs to run your household.
Now you know what your numbers are!
4) What is your average commission check after taxes?
Don’t forget the taxes!
Agents often see the big number and forget to plan for taxes.
5) Therefore you must…
From these numbers, you know exactly how many transactions you need to close!
This is what you need to survive!
We aren’t talking about savings or planning for the future, this is what you need to pay the bills, and get by.