His Losing Everything Educated & Inspired John Humphrey
His Losing Everything Educated & Inspired John Humphrey
His Losing Everything Educated & Inspired John Humphrey
Are you the type of business owner who doesn’t know their numbers and feels guilty because of it? It’s time to fix that.
Our guest, John Humphrey, used to be the same—until that mindset led to his finances spiraling into ruin. Now he runs his business with a new perspective: not only is he dedicated to knowing his numbers, he also works with people with complementary skills and uses a financial management system.
Join us as we talk about John’s career, short-term rental business, money struggles, and how he changed his life by applying a better money mindset!
Key Takeaways:
[00:59] Introducing John Humphrey
[02:50] John’s Career History
[05:55] John’s Epiphanies Around Money Struggles
[09:06] Why You Should Hire Help and Use a Financial Management System
[14:49] Why Do Investors Often Live Deal to Deal?
[18:36] How Losing Everything Inspired John to Educate Himself on Finances
[25:00] How Knowing Your Numbers Makes You a Better Business Owner
[26:41] John’s Current Projects in the Short-Term Rental Vacation Space
[32:10] Connect With John Humphrey
Quotes:
[06:51] “I saw people having really the same struggles, like, it's all about making money, but then when you had the money, they didn't know what to do with it.”
[08:13] “I felt guilty that I didn't have the financial expertise with my money.”
[07:34] “[After using a financial management system] It wasn't just looking at a number—there was a purpose.”
[23:28] “I used to run my businesses pretty much by emotion and going for things…Now [we] have a CFO…we brought in professionals on our team that we never did before.”
Connect with John:
Website: https://www.linxstr.com
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
From The Podcast
Profit First for Real Estate Investors
You’re a real estate investor who is passionate about real estate and making a difference in your community. You’re a hard worker and you love the freedom that comes with being your own boss and owning your own business. You started this business because you wanted more time and money in your life, but financial freedom seems to always be on the other side of that “next” deal. Like most real estate business owners, you are broke and have no control over your finances, and it’s hard to admit it. You know how to make a lot of money, and you keep working harder and harder, but have little to nothing in your bank accounts to show for it. You give the keys to your finances to some bookkeeper or accountant that you “hope” will fix all the problems, yet the problem seems to get worse. You often feel like a rat in a maze, sometimes living from deal to deal, hoping to work your way out debt. This leads to feelings of stress and overwhelm because you aren’t paying yourself enough and you’re just one bad deal away from going out of business. It’s time to stop living paycheck to paycheck and start actually keeping more of the money you work so hard to make! To have less stress, less confusion, to sleep better at night, and have a healthy, profitable business that enables you to have more time with your friends and family, not less. It’s time to start putting more actual profit in your pockets and know what you can spend on yourself, your family, and on growing your business. The key to this future is to put profit first and have a system for your cash flow that is dependable and reliable. Cash is not king, cash management is king.When you control your cash, you control your business. And when you control your business, you’ll have more profit and more time to do more of what you love. You got into this business to achieve true time and money freedom in your life and I’m here to show you, that with the right systems in place, you can have all of those things…and so much more. We’re the Profit First for Real Estate Investors Podcast, where we put profit first because it changes the way we live our lives, build our businesses, and pursue the things that matter the most. Our mission is to make money “one less thing” you worry about by empowering you with the tips, tactics, and strategies you need to finally take control of your finances…and of your life. Join us each week on the Podcast as we speak with real estate investors from around the country who put profit before expenses, value substance over status, and place the health of their business above growing their egos. In each episode, real estate investors from across the country will share how they’ve completely changed their business by implementing Profit First. You’ll hear how these battle hardened real estate investors were able to completely turn around and revolutionize their businesses, and in many cases, their lives, and learn from their mistakes and failures...so you can avoid doing the same things in your own business. We focus on the journey to greater profitability and cash in your pocket without becoming a financial wizard or needing to close more deals. Earning more money and keeping more of what you earn is the only true path to freedom. You don’t need to do more deals to keep more money, you just need to take your profit first. Welcome to the Profit First for Real Estate Investors Podcast.Join Podchaser to...
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