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    Know your numbers! Is hiring a CFO right for your business?

    enMarch 08, 2021
    What was the main topic of the podcast episode?
    Summarise the key points discussed in the episode?
    Were there any notable quotes or insights from the speakers?
    Which popular books were mentioned in this episode?
    Were there any points particularly controversial or thought-provoking discussed in the episode?
    Were any current events or trending topics addressed in the episode?

    About this Episode

    Hiring a CFO may seem like a luxury, but Marck and Chris Johns will be going through the importance and benefits of having a CFO on board in your company. Uncover the importance of knowing your numbers and the countless benefits it could bring to your business and your partners. As Marck and Chris go through live examples of the dynamics with their own CFO in their company, you will learn how to utilize a CFO to make smart, live decisions based on accurate data. Tune in now and find out if hiring a CFO is right for you! 

     

    KEY POINTS / MAIN TAKEAWAYS:

    • The importance of knowing your numbers. 
    • How hiring a CFO can help with decision-making. 
    • What does reporting from your CFO entail? 
    • Working with a budget. 
    • What is Op-Liq and how do you utilize it in your business? 
    • How knowing your numbers will benefit your business and your partners. 
    • Fractional CFOs. 

     

    QUOTABLES:

    “Don't tell me about your business. Tell me your numbers. And I'll tell you about your business.”

     

    PRODUCTS / RESOURCES:

    Visit the SBD Housing Solutions website at https://sbdhousing.com/



    Visit Marck's website at https://www.mistakefreerealestate.com

    Order his book 'MISTAKE FREE REAL ESTATE' here: https://www.amazon.com/MISTAKE-FREE-REAL-ESTATE-investors/dp/0578233916/ref=sr_1_2?crid=1JCV8Y9WFF51M&dchild=1&keywords=mistake+free+real+estate&qid=1595431508&sprefix=mistake+free+real+%2Caps%2C182&sr=8-2

    Or read a free chapter first here: https://www.mistakefreerealestate.com/#Chapter





    MistakeFREE Real Estate is edited by Instapodcasts (visit at www.instapodcasts.com

     

    Recent Episodes from Mistake FREE Real Estate With Marck de Lautour

    What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland

    What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland

    Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.

     

    Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!

     

    Key Talking Points of the Episode

     

    00:00 Introduction

    01:43 How does Collective Genius help us give back?

    03:26 What are our biggest takeaways from the event?

    06:53 What makes this recession different from 2008?

    08:46 Where do we stand on inflation rates today?

    12:44 How is inflation crushing the middle class?

    14:38 How can real estate investing set you up for the future?

    17:34 What is the greatest threat to every investor’s portfolio?

    21:31 What does real estate value appreciation look like today?

    23:32 Why should people take advantage of Fannie Mae loans?

    26:42 What is happening in the new construction market today?

    31:16 What are we experiencing in the turnkey market today?

     

    Quotables

     

    “The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”

     

    “Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”

     

    “Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”

     

    “Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”

     

    “If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”

     

    “Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”

     

    “Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”

     

    Links

     

    Book: Principles for Dealing with the Changing World Order

    https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg

     

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