Short YouTube talk advising real estate agents to actively monitor their personal finances. The speaker frames advice against a long housing bull market and notes many agents lack experience from the Great Recession; recommends weekly "cash in/cash out" tracking of cash flow and weekly net-worth checks, and moving money using a "modified profit first" approach.
Most importantly, I think it's critically important to monitor your personal economy. We are coming out of a 12 year, 11 or 12 year bull market in housing. Most of you that are listening, you know, most agents, 2/3 of agents weren't in real estate when we were coming out of the Great Recession. The 2008, 2009, 2010 years were rough. And then 2011 onward, we've been kind of storming towards this bull market in housing and all other asset classes. Right. So you could be a little bit lazy when it comes to monitoring your personal economy. But, but this is. I do this on a weekly basis. I cash in, cash out on a weekly basis, and my net worth on a weekly basis. And I move money around like a modified profit first.
