TOGETHER WITH EXP REALTY & LIBERTAS GROUP
Harris Real Estate Daily
By Tim & Julie Harris · November 4, 2025
⛅ Good morning, {{first_name| agents}}! Being rich isn’t about having a six-car garage. It’s about having habits that quietly, steadily build wealth while everyone else is upgrading phones and wondering where their paycheck went.
These steps come up again and again among millionaires. And none of them require a windfall or a finance degree—just consistency and discipline.
You’re a sales superstar—but is your personal financial strategy as sharp as your client strategy? If you’re great at closing deals but struggle with managing or investing your own money, this guide is for you.
These nine steps will help you build a solid money mindset—one that supports your business and your long-term wealth. 👇
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🧭 Track & Tame Your Money (Steps 1–3)
1️⃣ Face the Numbers—Know Your Financial Baseline
Before you can improve, you must measure:
🔍 Calculate your net worth—total assets minus liabilities
📒 Track all accounts: checking, savings, credit lines, loans, subscriptions
📱 Use https://MonarchMoney.com to pull everything together in one view
👉 Agent Tip: Treat your finances like a market analysis—only data-driven decisions will bring clarity.
🗺️ Extra Resource: Download your Real Estate Treasure Map, the personal and business plan we use with all of our https://PremierCoaching.com and Elite Coaching clients.
2️⃣ Create a Realistic, Simple Budget
Budgeting doesn’t have to be complex—it just needs to work:
Use the 50/30/20 rule:
50% to needs (housing, food, transportation)
30% to wants (fun, entertainment)
20% to savings and debt payoff
Track one month of expenses—no judgment, just clarity. Eliminate unnecessary recurring charges (subscriptions, unused apps).
👫 Couples Tip: Give each other a monthly “slush fund” (e.g., $500) to spend with no judgment. Adjust to fit your income.
📘 Use your Treasure Map to turn your budget into a wealth-building plan—not just a spreadsheet.
3️⃣ Automate What You Can—Remove Decision Fatigue
Automation reduces emotional decisions and builds momentum:
Automate bill pay, savings, investing, and tax withholding
Schedule recurring monthly deposits, even if income varies
👉 Agent Tip: Divide each commission check:
20% to taxes
20% to savings
60% to operations
Never comingle tax and savings money!
💡 Mortgage Hack: Automate an extra principal payment monthly.
Extra Monthly Payment | Years Saved | Interest Saved |
|---|---|---|
$500 | ~6 yrs | ~$121,000 |
$1,000 | ~10 yrs | ~$198,000 |
✅ Less interest = faster freedom.
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🛡️ Protect & Improve Your Financial Health (Steps 4–6)
4️⃣ Build a Real Emergency Fund
Income can be unpredictable—have a safety net:
Aim for 3–6 months of living expenses
Use a separate, high-yield account
Start small: $50–$100/week adds up fast
👉 Agent Tip: Having this cushion lets you avoid panic in slow seasons or during life hiccups.
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5️⃣ Use Credit to Your Advantage
Strong credit saves you money on rates and financing:
Always pay on time
Keep balances under 30% of limits
Don’t close old cards—maintain long credit history
👉 Agent Tip: Use Experian.com to monitor and improve your score using free tools.
💳 What Is Your Credit Score Made Of?
35% Payment History
30% Amounts Owed (utilization) 1
5% Length of Credit History
10% Credit Mix
10% New Credit (inquiries)
6️⃣ Cut Wasteful Spending—Without Sacrifice
Trim the fat without cutting joy:
Cancel unused subscriptions
Batch errands and meal prep
Avoid “treat yourself” traps during closings
👉 Agent Tip: Use a business credit card for recurring expenses—redeem perks like travel, meals, and office upgrades.
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📈 Grow & Multiply Wealth (Steps 7–9)
7️⃣ Practice Money Self-Compassion & Delayed Gratification
Wealth comes from discipline:
Avoid trying to “look rich”—focus on being rich
Embrace “not yet”—wait for real rewards
Use setbacks as opportunities to recommit
💪 Millionaires consistently say “no for now” to say “yes later” to bigger goals.
👉 Agent Tip: Schedule a monthly Wealth Review—celebrate wins, adjust what’s not working.
8️⃣ Consider Investing in Real Estate (Smartly!)
You sell homes—are you building wealth with them?
Analyze buy & hold properties for long-term rentals
Consider flips only if you know the numbers and timeline
Always run real-world numbers: cash flow, expenses, ROI
👉 Agent Tip: Use the Guaranteed Home Sale Program from Elite Coaching to secure off-market deals and build confidence with sellers—and yourself!
9️⃣ Understand the Power of the S&P 500
Simple. Boring. Proven.
The S&P 500 has returned ~10% annually for 100+ years
Low-cost index funds like VOO or SPY do the job
Start small, automate monthly, and let compounding work
Time Period | Account Value ($1,000/month @10%) |
|---|---|
5 years | $77,000 |
10 years | $200,000 |
20 years | $690,000 |
30 years | $2,000,000 |
💹 Bonus Example: $5,000/month @10% return
Time Period | Account Value |
|---|---|
5 years | $386,000 |
10 years | $1,000,000+ |
20 years | $3.4 million |
30 years | $10.3 million |
👉 Agent Tip: Don’t wait. Start now. Time in the market beats timing the market.
✅ Quick-Start Checklist
Sign up at MonarchMoney.com
Download your Real Estate Treasure Map at PremierCoaching.com
Track your net worth and monthly budget
Automate savings, tax deposits, and investments
Schedule a monthly “Wealth Check-In”
Make one extra mortgage payment per year
Start investing in the S&P 500 today
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🏁 Final Thought
You’ve mastered client conversations and deal structures—now it’s time to master your money.
None of these steps are magical. But together, they’ll make you wealthy, free, and in control. Don’t wait for the “right time.” Wealthy agents start building now—while others are still trying to figure out why they’re broke.
Text Tim at 512-758-0206 to apply for Elite Coaching—for agents serious about achieving financial and business freedom. Only a few spots available.
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