3 Effective Fund Flow Systems For Continual Growth The SFR Show

Managing your money upfront is a smart way to make sure you are hitting your financial targets. In this episode, Tom, Michael, and Emil share their strategies for managing money as it comes in, to efficiently allocate it to their investment projects and work towards financial freedom.
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Transcript
 
Emil:
Hey everybody. Welcome back for another episode of the remote real estate investor. My name is Emil Shour, and my co hosts today are the lovely,
 
Tom:
Tom Schneider
 
Michael:
And Michael Albaum.
 
Emil:
And on today's episode, we're going to be doing a little bit of personal finance. And particularly, we're going to be talking about how we set up our systems and bank accounts and everything to set us up for investing. So money comes in, where do we put it? How do we make sure somebody gets allocated for investing? All the nuts and bolts and juicy details? So let's hop into this one.
 
What amazing thing happened to you guys this past weekend?
 
Michael:
Easy question. With an easy answer. I celebrated my two year wedding anniversary. This weekend. That was a lovely thing to do. My wife took me to a very fun little resort. It was very COVID safe. We had a room to ourselves and enjoy the pool and did like nothing. So we were able to just sit and relax and be and get a little bit sunburned.
 
Tom:
You're in North North California right now not not overly north, but at least north of San Francisco.
 
Michael:
Right. We're just north just north of you guys.
 
Tom:
Congratulations, by the way.
 
Michael:
Thanks, man. This was over in Glen Ellen which is outside of Santa Rosa. And it was really secluded, really quiet. It was just really a nice weekend to get a little bit of r&r because my wife and I always joke that we don't ever stop. So we will sit down for a day of relaxing be like yeah, I'm bored. Time to do something. So this weekend, we really force ourselves to really just sit and be and read and relax. And it was lovely. So that was definitely my highlight. What about you Tom?
 
Tom:
I have a one and a half year old and we go on campus tours. So we go tour the local elementary schools and we went on a lovely campus tour over the weekend. So it was really big. I don't remember elementary schools being that big it was it was a particularly big one. It was one called Burn Valley over in Lafayette. But it was really nice. There was a little league practice we scouted out future potential teams. So just a lot of a lot of scouting. I really want to live by an elementary school like for like weekends like play games and stuff. It's like the giant backyard of like, you know, basketball hoops big grass fields. Anyways.
 
Michael:
That's really great for like Ultimate Frisbee games in college I lived across an elementary across your elementary school we play frisbee there all the time playing the baseball diamond. It's lovely.
 
Tom:
Totally I think there was some random you know, college kids or whatever bringing what's that game or you like hit the ball into the net and it like bounces up and anyways there was some folks that…
 
Michael:
Spike ball.
 
Tom:
Spike ball yeah, it was a big spike ball game going on. So that was my campus tours with with baby. So we're on our way through the of the elementary schools, yourself Emil?
 
Emil:
So last week was my birthday.
 
Michael:
Happy belated.
 
Emil:
Thanks, guys. And so that the family together on Sunday, just immediate family, my wife's parents, my parents, my brother, had a nice lunch, we hung out, they got to hang out with our daughter just a good time, I also got to go surfing that morning. It was like a nice warm day. So even though the water still a little bit cold in Southern California, was warm out. So it's like this nice balance. And just a nice weekend. Anytime I can get out to surf.
 
Michael;
You don't know a cold water is man.
 
Emil:
I know. Let's get back to talking about personal finance. How do we set up our money? How do we allocate it?