Hey, what's up guys. Kris Krohn here. Listen. Today, I'm shooting a video on how
to be financially smart in your 20s. Most people are financial idiots. And I
created this entire channel to help people figure out how to really pull it
together and really live truly an extraordinary life. Money is a game and
if you know the rules and you play it you can win each and every time. So today,
I'm going to share 4 of those rules with you.
So, listen. Before I share with you like these 4 important rules, I just want
to make sure that you and I are on the same page with the very basic concepts
of money. To have a lot of money, you have to be able to invest. You get that by
now, right? If you're a subscriber to my channel, if you ring that bell. Every day
I produce a video and you're going to hear me say it like over and over and over
again. And that's the first thing that I want you understand is that, how you're
going to do that is PYF which stands for her pay yourself first. Which means that
if you're going to trade any of your time for money,
that's the worst money you'll ever make in your life because you're giving your
time which is your most valuable gift. I get it. It's a necessary evil of the
beginning. But honestly what does it say about you if you're still doing that 10
or 15 years from now? Either it means that you love what you do or you
financially don't get the game, you don't understand the rules and you're most
certainly not playing it. Paying yourself first means that when you trade your
time for money that paycheck comes in, you're skimming money, right off of the
top that will never go towards a bill. It goes towards savings and investments. And
it only goes towards savings in the beginning if you have none. And once you
have some, it really just goes 100% towards investments. You want to be the
most freaking intelligent investor on the planet, you can't outsource that to
anyone. You want to learn how to become a super intelligent one. So, I'll share with
you 4 rules for creating incredible amounts of wealth just as long as you
and I really are on the same page. Then at the end of the day, if you're not
saving money then you're missing out on the first and most important rule which
is save money so that you have money to invest. So, here are the 4 tips today
for you to keep playing the game and I promise you that some of the world's
wealthiest are following these very similar tips. The first one is you need
financial education and it never stops.
Constant, never-ending improvement I learned that one from Tony Robbins. And
so for you to be investing in your future financially, there's no amount of
knowledge you'll ever get that says, "Hey, that's enough." You've got to keep
striving from your knowledge. By the way, you watching this video is an incredible
source of that knowledge. So, it's important for you to make sure
that you're a subscriber. Do that now. Ring the bell.
Because every day I've got a video coming out so that you can watch you
know eight 10, 12 minutes video to make yourself financially more intelligent.
Because you got a mentor that's made millions in real estate. By the way, side
note: Only take financial advice from people that have succeeded or that have
money. Too many of you are taking advice from broke parents. You're taking advice
from friends you're taking advice from people that don't have any merits. If
they don't have a track record and results, why are you getting advice from
them? This is the weirdest thing. It's like, "Hey, I'm starting a business." I'm
going to get advice from people that have never started a business before. Or "Hey,
um I need brain surgery. I don't need a brain surgeon. I just need you know, I
could have a veterinary do it, right? They don't how to use a scalpel. That's
asinine." So, you want to be getting advice from people who know what they're doing.
That's number one is you got to have constant new sources
of education. YouTube is a really great way to do it because it's super, super
current. It's maybe not always reliable but it's definitely going to give you an
outsider's perspective. Number 2 is you've got to be a reader.
Leaders are readers. Listen, if you want to read sappy, novels, sci-fi, I'm game for
the sci-fi. You can read all the books that you want. But you've got to be
reading self-improvement books and you've got to be reading financial books.
The financial books are going to teach you financial rules. And not all financial
books are created equal. Some people have dumb rules. But you won't figure it out
unless you're familiar with the philosophies that other people have out
there on the planet. So, make sure you're reading financial books. And I want you
the 2 to get into the self-help books. Because the bottom line is you are your
own worst enemy. The financial psychology of success is something that you get
from reading about others and also attending other people's events. That
leads me to number 3. You've got to be where the financially brilliant
people are. You got to get proximity. That means nearness. Get in their air stream.
When you see them live, you get it different than you get from a book or a
YouTube video. For example, I put on wealth events. I bring in a series of
wealth experts and when we get together, these events are all about enriching you
with financial philosophies and opportunities so that you really
learn and master the money game. The fourth and the final thing that I want
to share with you today is that you got to get some hands-on coaching. You need a
financial coach. I'll be the first to admit the coaches are expensive. And
spent a couple billion dollars on coaches. And I'll only spend more money
because having a financial human being that I can talk to is one of the fastest
ways to grow myself. But with that being said, there are also some options that
don't cost as much as others. For example, I have a real estate hotline. It's a
coaching online it's a well-fought line. And it's very inexpensive and I
created it like these videos for the masses. You get all of these videos for
free but if you want to talk to my live staff, you got to pay a small amount of
money. But the good news is once you pay that monthly fee then you can talk to
them all day long, ask questions. and I designed this you can watch these videos
or read my books or others books and call and ask questions and learn kind of
execute, how do i implement, how to make that happen. Today in this whole pursuit
of how to be financially smart your 20s, I want you to pick up the habit of
number 1: I want you to be a subscriber on this channel and potentially other
financial channels. And be consuming knowledge every date. Number 2:
Readers are leaders. Get financial books personal development books and read them.
Number 3: Go to the live events where you can find the wealthy people. I
provide those events as just one source and other people as well. You want to get
out to at least 2 events a year. Yes, you're going to have to get on a plane in
most circumstances. Yes, you're going to have to pay for a hotel and an event ticket.
But guess what? Those events are the ones that will give you the most cutting edge,
knowledge and opportunities to freaking grow your life as much as you possibly
can here before. Get a coach. If you can't afford a $10,000 coach, get a $1000 coach.
You can't afford a thousand-dollar coach, then click the link below and actually
get with my team on my $99 a month program. That will give you access to my
acquisitions team that builds my massive real estate portfolio will help you have
as much success as you possibly can. Hey, listen. Information about the
hotline or you know some of the other things I
talked about. You're going to find them below. Other than that. Thank you for
joining me on this beautiful day. Make it a beautiful day. Make it an amazing one.
Most importantly, take action on what you've learned. Just even one thing.
What's one thing I gave you that you're not doing that you can start, do it now.