I started my financial journey Fall of 2014 when I found myself with only $1.50 to my name, so I understand the frustration around money mismanagement, struggling with where to start, and the courage it takes to take ownership of your finances. Now, I’m a financial coach, speaker, author, and the founder and owner of Mills Knows Bills where I have the opportunity to teach individuals and businesses how to manage and master their money within 90 days. On this podcast, I will teach you how to stop living paycheck to paycheck, how to pay off your debt twice as fast, and how to reach your financial goals. This podcast is meant to make managing your finances accessible. Email: mills@millsknowsbills.com
https://www.millsknowsbills.com/
episode 85: E85: Solutions for a Real Estate Flipper's Budgeting Challenges
Mastering Your Finances: An Insight Into Variable Income Handling and Real Estate Investment In this episode of the Mills Knows Bills Podcast, host Mills Bender is joined by CEO and Founder of Mills Knows Bills, Mills Bender, and real estate entrepreneur Robert Ortiz. They discuss the challenges and strategies associated with managing variable income within a 90-day timeframe. Mills provides practical advice on setting a budget including accounting for future tax obligations, reinvesting in the business for long term growth, and saving for an emergency fund. Robert shares his non-traditional approach to real estate investment which involves flipping land to builders. He also highlights the potential for new team members, sellers, and buyers or builders to join his operations. The episode concludes with Mills suggesting available resources, including coaching programs and courses, for those interested in improving their finances. 00:00 Introduction to the Podcast 01:04 Guest Introduction: Robert Ortiz 01:54 Rob's Burning Financial Question 02:39 Establishing a Budget for Personal Finances 03:42 Creating a Business Budget 04:42 Managing Extra Revenue and Establishing an Emergency Fund 06:36 Reinvesting Profits for Business Growth 10:00 Rob's Real Estate Investment Strategy 13:15 Connecting with Rob 14:16 Conclusion and Final Thoughts