I think I figured out that really the purpose of my life all comes down to one
word.
Freedom.
It's always been easy for me to create financial freedom and then
help others create financial freedom but also then learn about time freedom and
emotional freedom, business freedom.
Really, how to live life to your fullest
and today I want to talk about financial freedom.
That's one of my favorite
freedoms because for me, money is something that touches every part of
life.
If you want your life to get better, money is going to actually participate
and play a role.
You can't afford to have a bad relationship with money.
So today,
I'm going to be sharing with you my 5 steps on how you become financially free.
Okay, so freedom requires a couple of things from you.
The first thing is,
freedom wants to know what's your number?
What will actually take for you to
become financially free?
You know, for my wife and I after we bought our first
house, we were living for free because the basement paid for the whole mortgage.
And then our second house had a $600 month cash flow and so,living for free,
getting paid $600 a month for a poor college kid, $600 a month was like a ton
of money.
And my wife and I started dreaming.
How much money do we need
coming in every month automatically if we want to actually like quit our job?
And we made the decision that that number for us was $10,000 a
month.I didn't just want to replace my income.
I wanted to replace it so I could
live life on my terms the way I wanted it to be.
So we reverse engineered and I
want you to do that right now.
Let's say you were making $400
on every home, how many homes would you need to hit your number?
For me,
I needed 25.
25 homes was what I needed to achieve my
financial freedom at the cash flow that I was picking up.
Once you got that
figured out, the second thing that you're going to have to really get clear with is
,
what's your strategy?
Like how are you going to do it?
If it's real estate we're
talking about, are you going to flip homes, are you going to become a landlord, are you
gonna hate being a landlord?
Should you do multifamily that might take hundreds
of thousands or millions of dollars.
Like man, you could waste an entire life
trying all these all these strategies out, are you okay if
I take two
minutes right now and like cut your whole learning curve down to like just
telling you what the best strategy is?
I wrote a book on it.
I mathematically
surveyed all real estate strategies and you know what emerged as the single best
strategy?
Number 2 strategy, all comes down to the best strategy and I'm
defining best as least time, least effort, least risk, makes the most money, works in
up and down markets and it provides a service to the community.
And for me, in
my book I call it compassionate financing.
You're going to be more familiar
with what I call lease option and a lease option means that when you buy a
single-family home, you're not going to look for a renter, you're going to put a
family in that home that is going to buy that home and they're going to make it
their own home.
Now that you know your number and know that you need 25, now you
know what you need 25 of.
You need 25 of these lease options.
By the way, don't
panic if you're like, Kris, that went right over my head.
I don't know what
that means".
I wrote a book about it and I'm going to give you the book for free.
It's in the link below.
So if you click that link, just cover the shipping I'm
going to send it out to you and put all that knowledge in your hands that has
allowed many people to become financially free.Hopefully your next,
right?
Once you have strategy, the last thing you want is to be restricted by
money like, wait a second, if I buy a house with conventional financing, I'm
going to need 30 grand or $50,000.
I don't got 30-50 thousand dollars and if
I need 25 of them, I'm sure as heck don't have like a million dollars.
So, what's the shortcut Kris?
You're going to need to learn how to do "little
to no money real estate".
So, on my very first house I bought, I put down $3500
and I ended up over time turning that into $80,000.
That's what you would call a really, really, really good return.
I've
also done deals that don't take any money at all.
Let me give you an example.
There are people in the world that own homes that don't want them anymore.
These
are people who have moved on in their life but they didn't sell the house and
now they've become landlords and they don't want to be a landlord.
They're
having a bad experience.
They're not a professional.
They've become "don't wanter".
They already got the loan.
You don't have to buy the house.
They'll literally give
the house to you to solve the problem.
They still can get something out of it
but what you're doing now is you're controlling their asset and you're
stepping in and your work in that asset and you're getting
for doing that.
And so, there are strategies where it doesn't necessarily
have to take money.
Now number 4 is really key here.
If you know you need to
do 25 times, one thing that works and then you find the best way to
do that one thing and then you do it and it works and it doesn't take much, then
what do you think the next step is?
It's the secret of the wealthy.
There's...
For
everything that works there's a thousand things that don't.
So when you find
something that works, you need to duplicate it and do it again and again
and again.
Which means, what this step is, this is our repeat, our rinse and repeat
which basically means duplicate.
Do this thing over and over and over again until
you've hit it.
How many times?
Enough times that you meet your number, now
you're financially free and you can walk from your job.
The fifth thing that I
want to share with you today though is undoubtedly very different than these
4 but I have to put it in the lineup here because it has saved my bacon and
it has made all the difference in the world.
If all you do is go on a money
trip, a financial trip to make more money, you've got to balance your soul out.
I
believe that we're capable of having it all and everything that you're looking
for cannot be found in money.
You're not going to find your health there.
You're not
going to find your key relationships likely there.
Which means that the 5th
and for me the most important thing on this entire list, I'm just going to chalk
it
up and call it, "personal development" and personal development means this is your
commitment to go to seminars and read books or subscribe to channels like this
and others and get their daily content.
Get their videos so that you can be
learning and growing.
Constant and never-ending improvement is what my
friend Tony Robin says.
If you are not putting yourself through the wringer to
grow every day or meet the definition and nobility being better today than you
were yesterday.
Then you are shortchanging your life.
A balanced life.
Means that you're growing your health, you're growing your wealth and you're
growing your relationships or what I call your connections.
Those 3 areas
they touch every part of life.
You and God, to you and the stranger, that's
walking on the street and to everything else on this planet.
And so, this is a
strategy for how to make money.
This is strategy for how to keep it and be happy,
Because there's plenty of rich people out there that do not...
That don't like
their lives.
They're not happy.
The money hasn't brought them what they're really
looking for.
I want to help you get what you're looking for which is why every
time I go back my printer, I always put an order in for
an extra 10,000 books and I commit to give those books away for free until
they're gone and used up.
So I still have a bunch of them right now and if
you want to get your hands on one, all you got to do is click the link below.
And I'm throwing in a second bonus.
Reading is for some of you but some of
you're like, "Kris, yeah I would rather talk to a human being or get a different
kind of mentor."
It also comes with an opportunity to get free consulting with
my team to look at where you're at, help you figure out the best way for you to
get started no matter how young or old.
Doesn't matter whether you've got tons
of money or no money, they're going to get you started in the game of life to get
you where you want to go.
So all that information is in the link below.
Thank
you so much for watching today's video.
I hope you liked it and if you did, give it
a thumbs up, share it with somebody else and if you are subscriber, I look forward
to sharing tomorrow's video with you, tomorrow.