The Real Estate Show

Radio Show Notes 07/21/25 Monday:

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10 Reasons Why Creating a Personal Financial Statement Could Make You Rich in Real Estate

By Eric Willner, Investor and Host of The Real Estate Show, America’s longest running daily radio show about real estate.

 Welcome to The Real Estate Show hosted by me, Eric Willner, known as The Voice of Real Estate and founder of America’s longest running daily radio show about real estate. I’m also the creator of The Automatic Landlord System for Owning Cash Flowing Real Estate Profitably and Hassle-Free. It’s a virtual real estate seminar in every episode.

Today is the Monday On A Mission edition of The Real Estate Show, where we continue to talk about why NOW is the time to buy real estate. And today’s theme is a powerful one:  Create a Personal Financial Statement

But first—Did you know that over 60% of Americans don’t have a personal financial statement? Did you know that most people don’t know their true net worth, or the breakdown of where their money is actually going? Did you know that without measuring your financial picture, it’s nearly impossible to manage it?

These “Did you know?” questions serve as wake-up calls. They’re designed to shake us out of autopilot and help us think outside the box. Because the harsh reality is this: debt is strangling American families—and a lack of financial transparency is keeping them trapped. Today, we’re going to rip the veil off that mystery and lay out a roadmap toward financial freedom.

So let’s dive into why you need to create a personal financial statement—and how that one decision can radically reshape your path toward real estate wealth and overall financial independence.

 Before we jump into today’s mission, let me remind you about this week’s FREE online workshops—a must for anyone who’s serious about creating wealth through real estate:

1.  Tuesday @ 8pm – Path To Home Ownership Introduction – Online by invitation. Text “PATH” to 561-861-2366.
2.  Wednesday @ 8:30pm – Financial Edge Academy Live – Online by invitation. Text “EDGE”.
3.  Thursday @ 8:30pm – Financial Edge Master Class – A continuation if you attend Wednesday night.

 Real Estate requires skill, strategy, adaptability, and unwavering determination. These free workshops will equip you with all that and more.

And let’s face it: Everyone is in real estate. Either you own it (you're IN real estate) or you’re renting it—directly or indirectly (you're ON real estate). Whether it’s your home, your workplace, or your business—real estate touches all corners of life.

 The journey to financial victory may not be linear—but it’s one worth taking. And creating a personal financial statement is your very first step.

 10 Reasons to Create a Personal Financial Statement

1. Know Your Net Worth A personal financial statement shows your assets vs. liabilities—your true net worth. Most people guess. Winners calculate.
2. Control Spending Habits Tracking monthly expenses reveals where money is being wasted. You can’t cut costs you don’t know exist.
3. Build a Strategic Budget Once you know where money is going, you can redirect it toward investment, savings, or debt elimination.
4. Spot Investment Opportunities You’ll clearly see what resources you can deploy to start or grow your real estate portfolio.
5. Strengthen Creditworthiness Lenders love organized borrowers. A financial statement builds trust and increases chances of funding.
6. Make Tax Season Easier Track deductions, maximize returns, and be ready with accurate documentation.
7. Set and Measure Financial Goals Want cash flow? Equity? Tax savings? Your statement becomes the scoreboard.
8. Avoid Financial Surprises Know when bills are coming. Prepare for repairs. Reduce risk.
9. Simplify Estate Planning Know what you own. Plan for your legacy. Build generational wealth intentionally.
10. Empower Negotiation Whether buying real estate or asking for a loan—knowing your numbers is leverage.

 Call to Action at ¼ mark:  You can turn debt into wealth in real estate. Change your financial picture—start by texting the word CREDIT to 561-861-2366.

 Now let’s talk about the 4 major roadblocks to financial independence—and how a personal financial statement helps you overcome each:

1. Government & Taxes Without clarity on income and deductions, most Americans overpay. Your financial statement helps you plan tax strategy. Tax avoidance is legal. Tax evasion is not. Know the difference—and use it.
2. Interest & Finance Charges Credit cards, auto loans, mortgages—they chip away at your wealth silently. A financial statement reveals where interest is bleeding you dry. You’ll be shocked how much could be saved by attacking this one area.
3. Uncontrolled Monthly Bills Subscriptions, utilities, lifestyle inflation. A financial statement helps you reign in the monsters that live in your budget, consuming your future.
4. Inflation—the Silent Killer of Wealth Prices go up, but paychecks often don’t. Without adjusting your finances for inflation, your net worth shrinks annually. Your statement helps you pivot into appreciating assets, like real estate.

 Midpoint Sponsor Break Today's episode is proudly brought to you by TimeToFixMyCredit.com—because great credit unlocks opportunity. Whether you're just starting out or need a financial reset, visit TimeToFixMyCredit.com to take your first step.

 Call to Action at ¾ mark:  You can turn debt into wealth in real estate. Change your financial picture—start by texting the word CREDIT to 561-861-2366.

 Today’s Show Summary: On this Monday On A Mission edition, we drilled into why creating a personal financial statement is one of the most powerful habits you can build. It’s not just paperwork—it’s your financial roadmap. With clarity, strategy, and action, you’ll defeat the top wealth destroyers and position yourself to profit in real estate.

 Coming Up Tomorrow: Don’t miss tomorrow’s Tuesday Tools, Tips & Techniques Edition of The Real Estate Show. We’ll share key resources, insider tricks, and actionable insights to help you win in real estate—faster and smarter.

 Thank you for tuning in today. But don’t just listen—act. Use today’s show to get started in real estate investing, create your financial blueprint, and change your life. Make sure to tune in every weekday for The Real Estate Show—a seminar in every episode. And don’t forget—join our free online workshops this week.  Text the word EDGE to 561-861-2366.