Beyond the Commission Check: How Matt Plumer Helps Agents Build Wealth

The HyperFast Agent Podcast

In this episode of the Hyperfast Agent Podcast, Dan Lesniak offers a special look into the 2023 Hyperfast Agent Summit held in Arlington, Virginia. The episode features a talk by Matt Plummer, a real estate agent, financial coach, and wealth builder. Plummer's presentation centers on guiding real estate agents in managing their finances post-commission, aiming to build stress-free wealth. He shares his personal journey of overcoming various addictions and transforming his life, which led him to understand the importance of financial organization and discipline.

Plummer emphasizes the significance of exiting the "transaction treadmill" and the common financial pitfalls real estate agents face, like inconsistent income and disorganization. He introduces concepts like budgeting, debt elimination, and the need for emergency funds. He strongly advocates for the 'Profit First' cash management system, which prioritizes paying oneself first and managing expenses thereafter. Plummer's talk is practical and motivational, aimed at helping real estate agents achieve financial freedom and stability.

You can find Matt on Instagram at: https://www.instagram.com/coachmattplumer

Join Matt as he discusses…

1. **Matt Plummer's Personal Transformation:** Plummer shares his compelling journey from being a 300-pound alcoholic and sports gambler to a successful real estate agent and wealth builder. His story of overcoming addiction, losing weight, and turning his life around is both inspiring and a critical foundation for his financial coaching philosophy.

2. **Exiting the "Transaction Treadmill":** A key focus of the podcast is on how real estate agents can move beyond the cycle of living paycheck to paycheck, a situation Plummer refers to as the "transaction treadmill." He emphasizes the importance of financial organization, discipline, and making strategic decisions to build long-term, stress-free wealth.

3. **Adoption of the 'Profit First' System:** Plummer advocates for the 'Profit First' cash management approach, which flips the traditional profit formula to prioritize personal profit and savings before expenses. This system is presented as a transformative tool for real estate agents to manage their finances more effectively, ensuring personal financial health and business sustainability.

QUOTES TO SHARE

"A decade ago, I was 300 pounds, alcoholic, addictive sports gambler, smoking two packs of cigarettes a day, barely married for 18 months thinking though my whole world was going to end." - Matt Plumer

"We don’t have an income problem, we have a cashflow problem. Agents make less than they think, we all spend more than we care to admit." - Matt Plumer

"Discipline bleeds. When I had my rock bottom moment, and I was on that counselor's couch, not able to fit, I didn't want to stop drinking, I didn't want to stop gambling, I didn't want to stop smoking. However, I didn't fit in my wife was on the other side, crying her eyes out, because I wasn't who she wanted to marry, or she wasn't I wasn't living up to my potential is really why she was upset." - Matt Plumer

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