I was asked to make this video on the worst path to financial freedom. And it
just made me laugh because most people are on a path that will not get them
where they hope that it will. And it is the worst path. And I want to tell you
what that path is today. And that path, the worst path to financial freedom is
following society's gameplan.
You understand that since you were a kid. You were little and you may have had
parents that said at some point, "You got to get good grades." Why good grades?
Because well, if you get good grades, it starts mattering at least in America in
grades 9, 10, 11 and 12 high school. You get good grades then you can actually
have a shot at going to college. Statistically, you're going to make double
the income if you have a college degree than if you don't. So, people then go to
college. And in college, they focus on getting their good grades. And in college
you really get to kind of pick the career that you want to go after. Now,
understand college is Career Training, you're not life training. It's not
teaching how to be successful. It's not teaching you how to achieve. It's not
teaching you how to run a business. It's simply teaching you how to work for
somebody else. And as an artist, have some type of skill. I can do computer coding, I
can build computers. I'm a doctor, I can read symptoms. And I'm a manager,
marketing. Whatever it is that you've gotten from college. And here's what
we're kind of told: If you get a good degree in college, then you can get a job
in a field of interests that you have. And then that company will take care of
you for 30, 40, 50 years. But here's the problem with this entire plan: First of
all, good grades do not mean make a lot of money. Then when you go to college, a
piece of paper, all it does is says that you're smart enough to figure out how to
get a piece of paper that graduate college with. So, what do you do then? Then
you land a job. And you're going to do with that job? You haven't been taught about
money. So, you're going to probably spend everything that you get to keep after
you put money in a 401k or IRA. And here's the crazy part: Put your money in
a 401K, put your money into an IRA. These things will not pay you any money.
They're designed to grow with time. And they're going to average 5%. Dude, 5% takes
like 20 years to double. So, it's like, "This is a sucky plan. I can't save." What
am I going to do safe? You're going to give me a match because I'm going to save 3
4 or 5 percent of my income and put it in there? Dude, that won't give you
anywhere near enough. But that's actually what you're taught to do. So, then when
you're at the least expensive point your life, you're interested in getting
yourself a honey, get married, maybe having kids. Life
becomes expensive. So, now you need a house. Now, you need multiple cars. Then
you want to take that trip once or twice a year. And at the end of the day, do you
know what that really means? That means that you are living check to check. And
even if you're a great saver, you're putting some money away. By the time you
get to your 40s, you start getting so inundated with get the kids to their
activities and do this thing and go for that promotion. By the time the 50's sneak
up on you, you know you're going to realize, crap!
I just spent 30 years of my life in societies plan and guess what I have to
show for it? Almost nothing. So you start panicking and yet your panic won't make
anything better. You're not going to get any more and at the end of the day, you're
going to approach retirement and this is what you're going to have. I'm going to show
you. I'm going to put it up here on the board. I want you to see this. First of
all when you hit that magical age of Social Security, you're probably going to
get a check of maybe $1,500 to $2,000 a month.
And by the way, how much life can you live on for that? Not a lot. Let's just
assume that you have been enjoying what a lot of Americans do is dual income
earning families, they enjoy a lifestyle of about $80,000 a year when they're in
a marriage or relationship. Average American makes $44,000
a year times that by 2. Have a little side hustle. $80,000
a year. So now what happens is I got some Social Security that's coming
in when I am no longer marketable because I'm too old. Social Security is
not a lot then you're thinking, "But Chris, I put some money in my 401k." Average
American at retirement 401k, under $50,000. But let's also add to it your
IRA and anything else that you set aside. You're going to give it to your
financial planner and they're going to annuitize it and this annuity is
designed to payout at 4%. So let's just say, let's be aggressive and say that you
had way more money than the average person actually does. Let's say you've
even had $200,000. $200,000 at 4%, do you know what that's actually producing for
you? What's 1% of $200,000? It's 2 grand. We're
talking about 4 percent is $8,000 a year. Spread out, we're talking about let's
just call it $700 month. There, so got 700 here I got 1,500
to 2,000 here and then companies don't have pensions anymore but maybe I've
been working on paying off my house. Let's just say you actually paid it off
people don't. Very few do but let's say that you actually paid off your house
and your house let's say has a value of $300,000. Here's what you got to ask
yourself. Now that you're older now that you have medical things coming on the
rise. Now that you want to visit your grandchildren. Now that you want to take
trips and enjoy life. 700 - - 2,000 - - $2,700 a
month. Is that anywhere near $80,000 a year? No! By the way, medicine is
going to keep like for a long time. You've got decades ahead of you more
than likely. Especially if you're young right now. So this $80,000 that you used
to, you now have to figure out how to live on like $30,000 a
year. You're cutting your income way more in half and then you're like, "I'm out of
money, what do I do?" Well, all of the security I got out of
paying off my house, I now need to tap into my house. I'm going to sell my house.
I'm going to reverse mortgage my house and I'm going to get enough money to live for
5 to 7 more years hoping that I die after because now I have no money.
And at the end of that, people are relying on government, they're relying on
charity. They're trying to figure out can I go to Walmart become a greeter can I
get a job anywhere. You have to figure out how to live the next 1,2
or 3 decades of your life with that financial mess? How did we get here? Why
is this such a horrible financial plan? I know say some of you are like, "Oh Chris
is going to talk about multi-level marketing or he's going to talk about
businesses that are stupid that people shouldn't start." Man, those people are at
least efforting themselves because they realize that this is a joke. This is, the
world's worst financial plan and what I've done for you today is I've cracked
the code on the numbers. And I want you to understand, from this moment forward
if you're still watching this video, it means that you now know and it means
that you have a responsibility to do something with this information. What you
need to do, is take massive action on a plan that can get you where you want to
go. Fortunately, I got my hands on this information when I was 22 years old. And
you know what I decided to do? I decided to take my own massive action. I found
3 mentors with hard work that had made
2 dollars happen to all be in real estate investment. I got in that game. I
figured it out. And by the time I was 26 years old I
became financially free. I turned 40 years old this year and for the last 15
years, I've been traveling to 40 different countries, I now have a wife
and 4 beautiful amazing children. I spent the day today actually out there
with them and when I'm done shooting a few short videos, I'm going to spend the
whole evening with them. I really have an amazing life and I feel super, super
blessed. Right now I'm reaping and I'm harvesting all of the years of hard work.
The reality is I'm going to enjoy the rest of my life and it's going to be epic and
awesome. And the sad thing for me is that everybody can but not everyone will. Jim
Rohn Kotti, he called it the magic in the mystery. Everybody can but not everyone
will. Why would you watch this video and not choose to do something to change
your life? The reality is, you may not know what
that is. I want to share with you how you and I can get together and I might be
the one to make that difference for you. May be that mentor. I may not be only
you can know but a couple of things that I would recommend for you. First one is
you can get a free copy of this book. The Straight Path to Real Estate Wealth. You
cover the shipping and other than that the book is free. I believe that
knowledge is powerful especially if you act on it. You don't know if you should
act on this short video but if you watch that it's going to share with you
something that you can do to make a difference. The second thing, there's also
a link showing you precisely how I became financially free at 26 years old
and I want you to click on that video right now and watch it because I'm going to
break down the steps of exactly what I did to become financially free. Whether
you follow in my footprints or not, it doesn't really matter.
I made this video today because I'm sick and tired of people suffering
unnecessarily because they don't do the math. I've done that for you today. Now
you know the worst financial plan and it's responsibly for you to build up
your life, do something greater, leave a legacy, help other people and for
heaven's sakes, with this one life to live, live it as great as you possibly
can. My name is Kris Krohn. I'm dedicated to
your financial freedom. Get those free gifts and trinkets, and otherwise I'm
going to see on the flip side if you're a subscriber, with tomorrow's new video.