Hey, what's up my friends. Kris Krohn here. I'm about 12 miles off of Key West at
Boca Grande. And I'm just out here boating with my family and enjoying the
good life. And today, I want to talk about work ethic. What is it? What does it mean
today? Because I know what I was taught growing up, it was all about hard work,
hard work, hard work. And you know what? There are smarter ways than just working
hard. In fact, how do I make millions of dollars with working as little as I
actually do? If you want it done right, don't do it yourself.
Fulfillment is only earned by making the right choices to life.
I found a better way.
What does work ethic mean? Right now, I think we're at a point society
where there's a gap between the old generation. And the new generation.
Millennials, it's not that they're against working but they want to work
smart. We want to work intelligently. They want to know, "What are the limit
legitimate shortcuts? Can I use technology? What are the different ways I
don't have to work hard like the last generation?" Because my dad came to this
country from Germany and he told me, "Son, if you want something done right, you
have to do it yourself." And I tried to honor that when I started
my business when I was in college. And when I say I retired by the age of 26,
became financially free, what that really meant was I was going to school
full-time and I was also working full-time and I was doing my business. So,
I felt like I was working like 100 hour weeks. And it was definitely that
old-school generation of work, work, work. And I remember when I got to about 25
homes. I had built up with those homes about 4/5/6 hundred dollars
of residual income on each one. So, with 25 homes,
I was now clearing over $10,000 a month residually. And I had done in a very
short period of time. But the reality is I got to the point
where I wanted to like pull my hair out because I was sick and tired of how hard
I was working to produce that result. And that's when I came to a new belief.
Instead of believing that you have to do it yourself if you want it done right, I
tried on something totally different. "If you want it done right, DON'T do it
yourself." And that belief shifted everything for me. In this video, I want to teach
you the most intelligent approach to making the most money and yet getting
your time back. Most people never figure this out. But I want to give it to you
right now because my journey started in the game of real estate. Guess who was
finding the really amazing deals? Me. Guess who was working with the lenders
and lining up the financing? Me. Guess who is doing all of the lease
options, property-management? Me. I was the one who was doing it all and it got
to the point where it was just too much. So, I experimented with this idea and I
brought someone in and said, "You find me the very best deals. You take care of all
my lending. You go ahead and actually put people in these homes." And within a
couple of months, I was buying homes on a monthly basis but I was now doing almost
none of the work. And what that meant was my business was growing, it was
multiplying. My residual income was increasing. My active income was
increasing. But guess who wasn't working? Me. I found a better way and here's the
good news: It applies to you in life as well. And yet, there's a secret.
Today, other than making this video, I'm just enjoying life how can I afford to
do that. Well, I have a team of people back home that are working and do an
amazing job at building and growing my company so that I can enjoy the
financial freedom as well as working as much as I choose to as I want to. Really
only doing the things that I love and enjoy. Because by the way, even if you
have all of the money in the world, that doesn't mean that you have fulfillment.
Fulfillment is only earned by making the right choices in life. Here's why all of
this information is really good news for you. You have got to stop being leveraged
by working for somebody else. As long as you're trading your time for somebody
else's money, you'll always be trapped in the rat race
because it's you that is being leveraged. And maybe you even love what you do but
that's got to only be a season of your life. Because what comes next, you've got
to figure out how to either make enough money to pay someone else to do some of
the work or start a business where there's enough profit in it that you
don't have to work while you're still making all of the money. Let me share
with you how you do this.
There's 3 skills that you need if you want to learn how to leverage
yourself in a way to get your time back. You're going to have to learn number 1,
how to manage a stronger, more intense energy. Most people are depressed. Most
people walk around with their shoulders down. Most people don't know how to call
upon really great energy. That's something that I'm told on a regular
basis, that people love this channel like, "Wow! Kris, it just seems like you have so
much energy." Well, I beasted myself for that. I've
trained myself to be that way. So, number 1 is you've got to practice higher
energy because when it comes to making your move when it comes to closing on a
deal, when it comes to starting a business; you need to be able to command
that energy to get where you want to go. The second thing that you're going to
need is effort. And we could call that work. In the beginning, you are going to
have to put it down and you're going to have to show up and do the work. But
don't make the mistake of working with no strategy to exit yourself. You see,
what you're trying to do is become a business owner versus an operator. Tony
Robbins talks about this. You see an owner owns a successful business. It
doesn't have to work it. An operator owns a business but they're stuck in the
business so they're not even working on the business. And then the third thing
that you need to do is focus on increasing your talent. Because if you're
going to open a business, you got to become the master of that business. Learn
everything about that business and get as good as you can at that business. I
know some of you are watching this are like, "Okay, Kris. If I'm doing all of
those things, how do I find the right kind of business that will get me where
I want to go?" You need to find an intelligent business that does not
require your time. That's the biggest problem, is there's
got to be a mental ship that says, "I don't feel guilty if I'm making this
money without actually putting time in." And more than likely he would because of
how society is trained you. And so, what you need to look for as a business that
really has a high margin. Now, if you don't know what a margin means, they'll
tell you. If you collect a buck how much money do you get to keep? Most businesses
you only get to keep a dime. 10%. And that's on average. If it's a better
business, maybe it's 20%. And if it's really a bad margin, maybe it's more
like 5%. I only engage in businesses where there's like a
50% margin which means if I collect a dollar of revenue, 50% goes to
me after everything has been paid for, after all the work is done. The reason
why margin is so important to me is because it means that immediately I can
hire other people to do aspects of the business that I don't. If I get stuck in
the business, if I get lost in the business, if I have to perform a role in
the business beyond the first few months of getting it off the ground, I'm going
to get stuck. And I couldn't find myself even making great money but insanely
stuck in a business that is broken and not working. You see, my friends, there is
a face for working hard in life. But it doesn't last forever if you have
the right strategy. And I've told you that if you have the right kind of
margin, then you know that you can pull yourself out of the business to be
working on it and be in the order of it versus getting stuck in it. That's the
big takeaway that I have for you today. By the way, if you work for somebody else,
crush it for them and do an amazing job. But you need to have an exit strategy.
Either that job is paying you a lot of money so it's worth it and you can put
that money into passive investments or you should be kicking up a business on
the side to start leveraging and creating an active investment, an active
income through business. If you don't have one of those right now, there's a
series of them that I work with and I can point you in the right direction. In
fact, if you just go ahead and click the link below, you'll see one of my favorite
businesses that requires very little time, has an awesome margin and makes a
lot of money. At least to give you some exposure so you can see what that looks
like. Of course, you can also get in the game of real estate like I talked about
a lot on this channel. But above all, have a winning strategy from the onset so
that you don't start wasting all of your time pursuing a project that was never
going to help you get where you wanted to go because it required all of this
hard work to be successful and never an exit. Hey, thank you so much for
watching today's video. If you liked it, do me a favor. Give it a thumbs up. Tells
YouTube that this content was definitely worthwhile for you to watch. And other
than that, make sure that you are a subscriber. And if you don't have a way
or an easy road to making a lot of money with the fantastic business, check out
that link below. I love giving you the ultimate and best shortcuts and you'll
certainly find them here. With that, we'll see you tomorrow.