Mastering Your Finances: An Insight Into Variable Income Handling and Real Estate Investment

 

In this episode of the Mills Knows Bills Podcast, host Mills Bender is joined by CEO and Founder of Mills Knows Bills, Mills Bender, and real estate entrepreneur Robert Ortiz. They discuss the challenges and strategies associated with managing variable income within a 90-day timeframe. Mills provides practical advice on setting a budget including accounting for future tax obligations, reinvesting in the business for long term growth, and saving for an emergency fund. Robert shares his non-traditional approach to real estate investment which involves flipping land to builders. He also highlights the potential for new team members, sellers, and buyers or builders to join his operations. The episode concludes with Mills suggesting available resources, including coaching programs and courses, for those interested in improving their finances.

 

00:00 Introduction to the Podcast

01:04 Guest Introduction: Robert Ortiz

01:54 Rob's Burning Financial Question

02:39 Establishing a Budget for Personal Finances

03:42 Creating a Business Budget

04:42 Managing Extra Revenue and Establishing an Emergency Fund

06:36 Reinvesting Profits for Business Growth

10:00 Rob's Real Estate Investment Strategy

13:15 Connecting with Rob

14:16 Conclusion and Final Thoughts