What to do with that first real estate check - Thoughts from a newbie question

[Adam Macias]

I was at a meeting last night with a newer investor.

She wants to get into wholesaling.

She thinks the best thing to do with that first check is reward herself.

I get it, I've been there too.

Best thing to do is set aside a percentage for taxes and the rest just goes back into marketing.

For most getting started, they don't really have much money.

So, to come across a $10,000 check is very rare for them.

Let's say after taxes you're left with $8,000.

That's an immense amount of advertising.

That's 20,000 postcards.

That's 100's of thousands of phone numbers and a great dialer.

That's a crap ton of internet leads you can buy.

KEEP THE BUSINESS MOVING.

The reward will come. There'll be a time to book that Airbnb.

But in the beginning, you need to keep the business EVERGREEN.

[Adam Macias]

Quote from @Brendan Mullenholz:

I totally get it, the mentality of hard work and then rewarding yourself feels sooo good.  I'm not against it but be sure it's within the means.  If you're netting $8,000 after taxes spend a little on yourself, especially if it helps bring in business ie. new clothes, computer, phone etc..  Put money into your business and savings to build up more capital for another purchase to reward yourself and repeat it. 

 Actually a very good point as well! Like you said, newer clothes like polos and good shoes makes a big difference for future seller appointments. Especially if they are branded polos! Haha but still, a good dinner or weekend trip doesn't hurt either!