Inman | Shelley Zavitz
The difference between making money and having wealth is often viewed as slight, but in truth, it’s a canyon of learning to really be good at it.
Information on finance and the proper flow of money through one’s business can be easily found, but for most of us, it’s hard enough to correlate why my financial adviser won’t let me buy a snazzy car, sighting it as a “depreciating asset,” let alone the important difference between gross and net income.
However, the reason you need to become utterly obsessed with the topic right now is that as markets change, your balance sheets in your business will be tested no matter if you are a solo real estate entrepreneur, part of a team or run a brokerage.
Keep reading: 8 hard-learned money lessons from housing-crash survivors
