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As the old saying goes, "easy come, easy go". This certainly applies to real estate agents who don't manage their finances properly. It's not uncommon for agents to make a few sales and then treat themselves to an extravagant vacation to celebrate their success. But what happens when they come back to reality and realize they've spent all their hard-earned money?

The truth is, many agents fall into the trap of living beyond their means. They spend their commission checks as soon as they receive them, without putting any thought into saving for the future. As a result, they find themselves in a never-ending cycle of chasing deals just to make ends meet.

To avoid this fate, agents need to start thinking of their money as a business. Just like any other business, it's important to have a steady income stream to pay the bills and cover necessary expenses. Agents should pay themselves a standard commission, just as they would pay an employee, and leave the rest of the money in the bank.

Of course, this doesn't mean agents should never treat themselves. Everyone deserves a vacation or a nice dinner out once in a while. However, it's important to save up for these luxuries and not rely on future sales to cover the cost.

It may be hard to hear, but it's the truth. Real estate agents who don't manage their finances properly are setting themselves up for failure. So, don't be that agent. Take control of your finances and plan for a successful future.