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  • David Richter on The Lifeonaire Show with Jason Wardrobe and Polish Peter

Guaranteed Profitability in Your Business with David Richter

May 18, 2021

Many business owners and self employed people bring a lot of money in, but once all the business expenses are paid, they don’t have hardly anything left for themselves. David Richter is here to share about the Profit First approach that allows business owners to bust out of this cycle and begin to thrive financially! He dives into:

• How if you’re hesitant to allocate to yourself a consistent paycheck, you need this the most!

• The Envelope System and the Golden Trio and how these drive you forward

• How Profit First provides a sense of peace and a better grasp on your business expenses

• and some valuable resources for incorporating this system and building new habits

Whether you’ve never read Profit First or you could use a refresher, stick around. With all of David’s thought-provoking strategies he shares, we’re certain you’ll leave with fresh ideas for leveling-up your finances!

Resources:

simplecfosolutions.com

profitfirstrei.com

• Profit First for Real Estate Investors Facebook group

Learn more at https://lifeonaire.com/

  • David Richter on Real Estate Investing Secrets with Mike Hambright

Profit First for Real Estate Investors

December 8, 2021

Welcome back to the show! I'm really excited to have my friend, David Richter on the show today! We are going to talk about Profit First for Real Estate Investors. He just wrote a book on it and it just came out yesterday!

We all get into this business for freedom – financial freedom and time freedom. But then a lot of us end up working really hard, we're making money but we don't really know where it's at, or what is due or how to manage our finances. Today, we are going to fix that and David Richter is going to help us! Let's get started!

  • Featured Posts

Why Every Growing Business Needs a Human CFO (And How They Help You Succeed)

As businesses grow, the money side of things becomes harder to manage. There are more bills to pay, more sales to track, more taxes to plan for, and more decisions that can affect your future. ...more

cfo ,Cash Flow &Profit First

December 10, 20256 min read

Why Every Growing Business Needs a Human CFO (And How They Help You Succeed)

Why Ignoring Cash Flow Can Sink Your Business (and How a CFO Can Save It)

Running a business is exciting. You get to create, sell, and serve customers. But behind all of that, money has to move in and out smoothly. That movement is called cash flow—and it’s one of the most ... ...more

cfo ,Cash Flow Profit First &AI

October 02, 20254 min read

Why Ignoring Cash Flow Can Sink Your Business (and How a CFO Can Save It)

The Hidden Dangers of Using AI for Your Business’ Financial Strategy

Many business owners are turning to AI to make financial decisions, whether built into their software services or using ChatGPT, etc. The problem is that AI is not a replacement for a human CFO, and c... ...more

cfo ,Cash Flow Profit First &AI

August 21, 20256 min read

The Hidden Dangers of Using AI for Your Business’ Financial Strategy

When Debt Becomes a Problem

Running a business is hard work. Business owners take out loans or borrow money to buy equipment, vehicles, real estate, or pay bills during slow months. Valid expenses, but If the debt piles up and i... ...more

cfo ,Cash Flow Profit First Budgeting &Debt

July 15, 20256 min read

When Debt Becomes a Problem

Are You Running Your Business Without a Map?

Running your business without a financial plan is like driving without a map. Many businesses grow quickly in the beginning. But after that first growth spurt, they stop planning. They don’t have a cl... ...more

cfo ,Cash Flow Profit First Budgeting &Debt

July 03, 20256 min read

How to Take Back Control When Costs are Out of Control

When your business grows fast, it’s easy to pile on overhead like office space, extra staff, new equipment, and other fixed costs. These expenses don’t go away when business slows down. In fact, they ... ...more

cfo ,Cash Flow Profit First Budgeting &Debt

June 24, 20255 min read

  • David Richter on The Brett Snodgrass Podcast with Brett Snodgrass

How To Make Constant Profit In Real Estate Investing - David Richter

June 27, 2022

Real Estate investing has become a popular and effective source of income for many people! What a lot of people don't know is that they could be making a lot more money when investing in real estate if they change their mindset about a couple things. That's where David Richter, author of Profit First for Real Estate Investors, comes into the equation. David and I discuss what real estate investors need to be doing with their money and how best to manage it. If you are currently a real estate investor, this is a must watch!

David is the Founder and Owner of Simple CFO Solutions. He is also the author of Profit First for Real Estate Investing. Profit First was a groundbreaking book that was published back in 2017.

IRON DEEP: irondeep.com

Iron Deep is a men's mastermind community for those middle-aged successful business leaders seeking intimacy with God, deeper relationships, and who desire to leave a true legacy. We are a brotherhood that has a foundation rooted in Christ, while helping businessmen discover and live out their most fulfilled lives.

Iron Deep is here to serve those entrepreneurs who feel lonely, stuck, dormant, discouraged, and depressed. Many successful business leaders feel misunderstood, anxious and stressed out, loaded down with the weight of the world. We desire to help awaken businessmen back to a vibrant and thriving life.

SHARPENING AND INTERCONNECTING

At Iron Deep, we shepherd a community of male business leaders that desire a deeper intimacy with the Father, genuine connection with other men, and to discover their true calling that will leave an eternal legacy. We sharpen each other to grow in the areas of IDENTITY IN CHRIST, BUSINESS & FINANCES, MARRIAGE & FAMILY, and HEALTH. We all bring our unique God-Given talents & gifts to help each other live our fullest lives.

We are on mission to live out God’s calling on our lives, and to forcefully advance his kingdom in our homes, our organizations, our communities, and to the ends of the earth. We give light to the darkness, spread hope to the hopeless, and stand firm on the rock of God’s promises. We equip like-minded businessmen with resources and a community that they can truly lean on, so they know they have someone in their corner. Our raw & messy community is made up of real men, who aren’t perfect, but strive to grow in the most important areas of life.

FOUNDER - BRETT SNODGRASS

Brett Snodgrass is the founder of Iron Deep. Brett is a Christ-Follower, Entrepreneur, and a Family Man. Brett Snodgrass has been a real estate investor for 15+ years. He specializes in wholesaling, wholetailing, creative financing, and business scaling. His team at Simple Wholesaling (https://simplewholesaling.com/) buys and sells 250+ properties per year, and builds passive streams of income by creating 50+ creative financing deals per year.

As both a man of faith and a real estate investor, Brett combines his business knowledge and his faith to bring opportunity to everyone he encounters while spreading the kingdom of God. This is his mission and the purpose behind his company and his life. Brett is part of the real-estate mastermind group The Collective Genius (https://thecollectivegenius.com/), and loves to help give back by supporting missions and non-profit organizations like Transforming Futures (https://transformingfutures.org/) and Agape International Missions (https://aimfree.org/).

‍Brett recently stepped down from being the CEO of his real estate business, and stepped solely into the owner's box. Since entrusting operations to his incredible team, Brett's business continues to grow and break even bigger goals. While it was a challenge to hand operations over, Brett felt compelled to minister to other entrepreneurs, like himself, who have faced many struggles and challenges that most other people don't understand.

This led to Brett founding Iron Deep. Brett has a strong desire to help entrepreneurs create healthy relationships at home, develop genuine friendships, sustain physical health and wellness, as well as sustaining an intimate relationship with our Heavenly Father.

Brett is the father of 4 children, and husband to his lovely wife, Karen.

  • David Richter on the Dollar Auction Show with Shimon Lazarov and Alex Chizhik

Profit First with David Richter

February 22, 2023

Today Shimon and Alex discuss the latest news in the #Crypto and #Bitcoin markets, analyzing the latest regulatory challenges brought to crypto by U.S. Regulators. They also touch on national security and #AI – examining how ChatGPT can enable a productivity gain.

The featured guest of this episode is David Richter of Simple CFO and the Profit First for REI Podcast.

David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company’s finance seat to help them see where their money was really going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company Simple CFO Solutions, LLC. He is the author of Profit First for Real Estate Investing. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom.

  • David Richter on The Coaches Journey with Dr. Sheri Fluellen and Faisal Ensaun

Becoming an Authority in Your Coaching Business with David Richter

May 19, 2023

Welcome to The Coach's Journey Podcast! In this episode, special guest David Richter, a business coach and author of “Profit First for Real Estate Professionals,” joins Dr. Sheri Fluellen and Faisal Ensaun. Together, they delve into the challenges coaches face when starting and expanding their reach. The conversation highlights the significance of understanding finances, managing cash flow, and building a system that benefits both the coach and their clients. In addition, they emphasize the need to put oneself in the marketplace to determine the value of coaching services.

David Richter brings his expertise to the discussion, reiterating the importance of unlearning old business ideas to succeed in today's market. He introduces a pyramid model focusing on sales, profitability, and growth, stressing the value of reinvesting profits to sustain progress and establish a strong brand. Sharing his experiences as a real estate investor, David reveals the common challenge of overspending and the need for authentic connections and simplified messaging in business.

The collective insights and personal stories shared by David, Faisal, and Sheri provide invaluable guidance for coaches looking to create a real impact in today's world. Whether you're interested in free enterprise or making a positive difference, this episode offers an insightful conversation that will inspire and empower you on your coaching journey.

Providing real-time insights, value, and support from real-world coaches.

Make sure to like and subscribe to our channel so you don't miss another episode!

For more information on how you can transform your coaching business, head over to http://www.thecoachesjourney.com/ Or http://www.coachingmasterycommunity.com/ to see what the CMC community is up to.

Visit our community page where we support coaches with their craft and business skillsets: www.coachingmasterycommunity.com

Join our newly opened private community group where you will get access to training to get better in your skillsets as a coach and in your skillsets as an entrepreneur for free! facebook.com/coachmasterycommunity

  • David Richter on Raising Private Money for Real Estate with Jay Conner

Profit First With Private Money!!! – David Richter & Jay Conner

August 29, 2023

Profit First With Private Money!!!

On Raising Private Money we’ll speak with new and seasoned investors to dissect their deals and extract the best tips and strategies to help you get the money!

Today we have David Richter!

David is an active real estate investor who has been essential in closing over 850 deals over the last 10 years.

He has experience with wholesale, turnkey, BRRRR, owner finance,

rentals, lease options, and any other exit strategy you can think of.

While growing and building a real estate business from 5 to over 25 deals a month, he realized that as much money was coming in, it was all going right out the door.

With the unique opportunity of being in every seat as a real estate investor, he found a calling in the company’s finance seat to help businesses see where their money really went.

David has helped real estate companies completely turn around from going out of business to building cash reserves by using the Profit First cash flow system.

He has been featured on Biggerpockets, Real Estate Disruptors with Steve Trang, and many other podcasts, shows, and stages.

To help even more people, he wrote Profit First for Real Estate Investing – a derivative of the original Profit First by Mike Michalowicz that is tailored specifically to Real Estate Investors.

His goal is to completely transform the Real Estate Investing industry by helping real estate investors make and KEEP more money in their businesses.

As the founder and owner of SimpleCFO Solutions, he wants to bring investors true financial clarity and freedom and help every investor stop living deal to deal.

Private Money Academy Conference: https://www.JaysLiveEvent.com

Jay Conner’s Money Guide:

https://www.jayconner.com/MoneyReport

Free Trial! Join the Private Money Academy:

https://www.jayconner.com/four-week-free-trial-v2-0/

Have you read Jay’s new book: Where to Get The Money Now?

It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book

What is Private Money? Real Estate Investing with Jay Conner

https://www.JayConner.com/MoneyPodcast

Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal.

  • David Richter on The CFO Report with Michael King

CFO Stories: David Richter (Simple CFO)

September 19, 2023

What's the best pricing strategy and scope of work for Fractional CFOs?

Great question!

If you’re new to the channel, my name is Michael King. I’ve been building and managing my Fractional CFO firm, KFE Solutions, since 2016. I’ve also coached hundreds of other Fractional CFO firm owners to help them start and scale their firms as well. Today, I share the lessons I’ve learned over the past 8+ years to help others build their firms and have outsized impact for their clients.

  • David Richter on Average Joe Finances with Mike Cavaggioni

Profit First for Real Estate with David Richter

May 1, 2022

Join Mike Cavaggioni with David Richter on the 92nd episode of the Average Joe Finances Podcast to talk about profit first in real estate. David is an active real estate investor, author, and founder of Simple CFO Solutions, LLC. He shares how he brings investors true financial clarity and freedom.

In this episode, you’ll learn:

What Profit First for real estate means

Shift to pay yourself first over expenses

Application of the Profit First method

David’s favorite real estate investing strategy

Advice for those just getting started

And much more!

About David Richter:

David Richter is an active real estate investor. He has been essential in closing over 850 deals, including wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy. While growing and building a real estate business from five deals a month to over 25 deals a month, David realized that as much money was coming in, it was going right out. With the unique opportunity to be in every seat as a real estate investor, he found a calling to the company’s finance seat to help them see where their money was going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company, Simple CFO Solutions, LLC. He is the author of Profit First for Real Estate Investing. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom.

  • David Richter on The Big Mike Fund Podcast with Mike Zlotnik

Simple CFO Solutions: A Fractional CFO for Your Business with David Richter

October 19, 2021

There are some businesses that are too small to have a full-time CFO, while others are too big to do without one. However, have you ever heard of fractional CFOs?

In this episode, David Richter, Founder of Simple CFO Solutions, discusses Fractional CFOs, what they do, and why businesses need guidance not just to create wealth, but to retain it. He also explains how to scale a business by making profit a habit.

Discover smarter financing in this episode!

Highlights of the Episode:

00:00 - Introduction

00:58 – David’s background

04:09 – Fractional CFO: what is it and what do they do?

10:56 – Profit First: Making Profit a Habit

18:27 – How do you exercise Profit First?

22:54 – Having a solid direction for your business

25:01 – David Richter: What you can do to start

Thank you for joining us in another episode. We are committed to inviting more guests that give value to our real estate journey. Stay tuned for more episodes. To learn more, visit our website at www.tempofunding.com.

  • David Richter on the Shut Up & Do It Real Estate Investing Podcast with Nick Aalerud

Where’d the Money Go? Know Your Numbers w/Profit First for REI, w/Author David Richter

August 6, 2020

We're not talking about "how much do I calculate for a max allowable offer" on this podcast – we're talking about, "How Much Am I Making, and How Much Can I Keep?". Get confident in your numbers with Dave Richter, the newly minted co-author (along with the legend Mike Michalowicz) on Profit First for Real Estate Investors.

David is the founder of Simple CFO Solutions, where he shows investors how to gain clarity on their financials, then how to structure their finances via the Profit First method to scale their way to success. He is on a mission to help stressed-out entrepreneurs change their life and business for the better. A great info-packed episode that will finally answer the question, "Where Did My Money Go?"

How to Get Profit First in Your Business

Let's Find Your Lost Profit and Get You Making More Money with Profit First!

The Only Thing You Have to Lose is the Profit You're Already Losing!