Special offer

Podcast Episode #91: I'm #1 and I'm Broke! Lessons From The REProphet

By
Real Estate Agent with Big Block Realty 858.232.8722 CA BRE# 01261476

When you passed the test and received your Real Estate License,

did you think you just got a job?

Not a job!

Many Real Estate Agents and Realtors do not have the slightest clue that they just opened a business, the day they got licensed. And if they did, they'd realize they were grossly under-trained for this prospect. They have no clue how to be a CEO, they may have some COO abilities and they definitely have no CFO skills, as evidenced by our industry's 80% failure rate.

 

Now let's suppose you do make it...

"Hey, welcome to the dwindling 20% that do!"

Why dwindling? Because it's said we're shrinking to a 10% successful, 90% marginal to failing ratio. 

Do you know how many unhappy, unhealthy, near divorce, no relationship with the kids, near BK and so on - agents are standing in front of a lrge group of their peers right now accepting the #1 In GCI Award or the #1 Team in the Sate of _____  award? I know of several agents that have admitted, after recovery, that this scenario I describe (or similar) was them!

 

They may sell you tools to make it, but they sure don't teach us how to save it and budget it do they? 

 

Meet Matt Miale, the RE Prophet. Matt is a very successful Keller Williams Realtor and the Founder of www.REProphet.com, an APP designed to help educate, organize and restore to financial health; the real estate agent.

Yes you!

 

Episode #92

 

Matt shared his own story of struggle and denial with us and then he shifts gears into how he turned it all around and now is on a passionate mission to ensure no other Realtor has to suffer what and so many like him have been through when gross does not = Net, rather there's debt.

 

Matt & I share this passion, to "fix" The Real Estate Industry, but he's already doing something about it with  REProphet.com

 

Podcast

 

Video Version Here:

 

 

 
                                                                Matthew Miale
     
                            Mobile Phone: 860-539-2255
 
                        www.REProphet.com   and    http://www.themialeteam.com/

 

 

Posted by


Thomas J. Nelson
REALTOR®, CRS, RCS-D, CDPE, e-Pro, Certified Military Home Specialist, Luxury Home Specialist, Author, Keynote Speaker and  Podcast Host 

Serving Coastal San Diego from Carlsbad to Coronado, Downtown, Balboa Park Area,
La Jolla/UCSD & Mission Bay Park Areas
I Offer Rebates to Veterans
& Active Duty

Facebook l Linkedin
Website I About Me
Search For Homes

(858) 232-8722
             call or text me
                      email me

 

RCS-Divorce     Southern California Chapter of Certified Residential Specialists (CRS)

 
 
Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, medical advice or financial advice.  For legal advice see an attorney.   For tax advice, health or financial advice see a tax attorney, certified public accountant, or other qualified professional.
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Thomas interesting post, I am all about "live for the day, since tomorrow may never come":) just kidding, all good advice, and indeed the majority are not prepared...were you prepared when the downturn came? Endre

Apr 24, 2017 10:11 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Yes, I was training on short sales, foreclosures and auction properties by 2006 and attended Nouveau Riche University in Glendale, AZ for 12 weeks over 2 years learning from investor masters; I learned the language of distressed properties from all points of view and survived.

Apr 25, 2017 06:09 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Thomas J. Nelson, Realtor, CRS - most people just see the glitz and glamour portrayed on the TV shows. This is a tough business. 

Apr 25, 2017 05:45 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Amen!

Apr 25, 2017 06:10 AM