Discover the Profit First strategy every real estate investor must know to build financial freedom and lasting success! In this episode, entrepreneur and author David Richter shares his incredible story of transforming life through smart money management. Learn how real estate investors can avoid the "black hole bank account," master the art of keeping profits, and create a sustainable system for success.If you're struggling to manage cash flow, scale your rental properties, or turn foreclosure deals into profitable ventures, this video is packed with actionable insights. David explains how setting up the right financial foundation can empower you to take control, reduce wasteful spending, and unlock true potential in your real estate business.Whether you're just starting or scaling up, this conversation is a must-watch for anyone committed to personal growth and financial independence. Tune in for inspiring tips, proven strategies, and the mindset to transform your journey as a real estate investor. Take the first step toward financial freedom today!#entrepreneurship #budgeting #businesspodcast #cashflow #howtomakemoneyonline Connect With - David email - david@simplecfosolutions.comCHAPTERS:00:00 - Intro01:20 - David's Past Life03:09 - Why People Struggle to Make Money04:46 - Making and Keeping Money in Real Estate06:54 - System for Financial Success11:50 - Buy and Hold Investment Strategies14:35 - Characteristics of a Good System22:06 - Self-Implementation vs Professional Help24:00 - Importance of Effective Bookkeeping26:20 - Simplifying Bookkeeping Processes28:34 - Recommended Tools and Technologies32:24 - Bookkeeping from a Property Perspective36:40 - Cost of a Fractional CFO38:16 - Pricing Strategies39:07 - Getting Started with Financial Systems39:58 - Free Gift for Listeners