As Realtors we are self-employed professionals responsible for all business related expenses. We're entrepreneurs and every dollar matters! Whenever you can effectively reduce your monthly overhead, it really helps to keep your business moving forward.

This month I made my last payment on my GMC Yukon XL. I can't believe I'll have a whopping $570.63 monthly car payment finally off my back! This translates to substantial cash flow relief for my real estate business!

I'll enjoy most of the cash flow relief as a permanent reduction in my monthly overhead, thus strengthening my role as an entrepreneur. However, I'll use some of the money that I used to spend on this car payment to support some increased farming efforts to grow my business.

I don't know about you, but as an entrepreneur I am constantly watching my overhead and I always enjoy cutting expenses whenever I can. This is the secret to being able to build wealth and remain in a strong position as an entrepreneur.

Make more money! Spend less money!

How can you reduce your monthly overhead?

What would you do with an extra $570 a month cash flow relief?

Would you simply enjoy the reduced overhead or would you reinvest it into your business? How?

 

4 Comments on Cash Flow Relief For My Real Estate Business! No More Car Payments!

Great idea Kirk. I have 3 more months to go on my SUV. I can't wait. I don't want any more car payments for a while. That's $500 I can definitely use to make more money with.

04/05/2008 11:39 PM by Eugene Jones (Royster Real Estate)


It's a wonderful feeling whenever a debt (and a monthly payment) goes away!  I can't wait to get rid of all of mine... working through them slowly but surely!

Good job

04/05/2008 11:48 PM by Bill Kennedy - Greenville SC Realtor (Keller Williams Realty Greenville Central)


It's a wonderful feeling whenever a debt (and a monthly payment) goes away!  I can't wait to get rid of all of mine... working through them slowly but surely!

Good job

04/05/2008 11:49 PM by Bill Kennedy - Greenville SC Realtor (Keller Williams Realty Greenville Central)


It's a wonderful feeling whenever a debt (and a monthly payment) goes away!  I can't wait to get rid of all of mine... working through them slowly but surely!

Good job

04/05/2008 11:49 PM by Bill Kennedy - Greenville SC Realtor (Keller Williams Realty Greenville Central)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Kirk Westervelt - Greenville, SC Realtor (Keller Williams)
Kirk Westervelt - Greenville, SC Realtor
Greenville, SC
More about me…
Keller Williams

Cell Phone: (864) 451-2402
Email Me

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find SC real estate agents and Greenville real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved