Most real estate agents focus on revenue, but what really matters most is how much you net AFTER expenses. To retain more of what you earn, begin by examining your expenses. Moreover, they often justify unnecessary major purchases by rationalizing that all they have to do is “sell just one more house a month.”

One of the best ways to increase your profitability is to identify small, daily, or weekly expenses that add up to significant costs over the course of a year. For example, if you spend $4.00 per day for a latte, for 50 weeks, that comes to $1,440 per year. If you dine out three times per week and spend $50.00, 50 weeks a year, that comes to $7,500. Those two expenses alone come to almost $9,000 per year.

There are hundreds of places where you can save money by purchasing in bulk, buying products online, not eating out so much, or just being conscious of where the money goes.

Another tip is to go through your credit card statements each month and note anything that ends in 99 cents or $99.00. These are almost always subscriptions, which in many cases you may not even remember ordering.

Another easy way to spot these items and to cancel the subscriptions is to use the app from Truebill.

The next step is to cancel any subscriptions that you’re not using and then identify at least one place in your business spending and your personal spending where you can save money. These three simple steps can literally save you thousands of dollars.