Hey, friends what's up Kris Krohn here. And today I'm parked outside of
McDonald's because I got a question asked me recently which said, "Kris, I want
to invest in real estate but if all I can do is work at McDonald's, should I
work at McDonald's to save money for real estate?
Okay, first of all, great question. I'm really glad that you asked it because
you know what? First of all, I can tell that your priorities are in the right
place. You're understanding that maybe you would even be willing to get a job
at McDonald's if that's what it took to be able to invest in real estate. That is
the same mindset I had at a job where I was barely paying my bills. In fact, I
wasn't covering all my bills. I was getting behind and yet, I was trying to
figure out how do I get into this game of real estate and so I did what I would
call the necessary evil. A lot of people would just not have a job and try to
figure out how to do real estate and that could work for some. It really
wasn't my style certainly not my brand new wife style. She's like, "hey, can we
have some security along the way while we do this?" So I took a job and I
learned how to make some okay money there and in time the money got better
there. But I never lost sight of the goal and the goal was invest in real estate.
Now, I can tell you that I had been there for at my job for less than a year and I
was considering quitting. And I was sitting down with my brand-new mentor
and I said, "listen, I want to invest in real estate. I'm not really liking this
job. I'm not going anywhere." And he sat me down, he had a conversation
that basically said, "Kris, if you will stay here at this job for 14 more months
you will have the necessary work history and credit to be able to buy a house. And
all of a sudden I'm like, "really?" He said, "yep." And I said, "okay". All of the sudden, I had a
different reason. I had a different goal for coming to work. That might be your
way. That might be your golden arches, golden ticket if that's what it takes.
Because in the beginning, I didn't make a lot of money. I didn't feel like I could get
that great of a job. But I'll tell you something happened. I stuck with that job
my mentor also said establish your credit, got 3 credit cards that you
use and pay off and use and pay off. Stay at the job, save up 5 grand. I followed
all 3 of those for 14 months and my job that I didn't like all of a sudden, I
learned to love it because it became a means to an end. And all of a sudden when
I bought that first house, I felt grateful for that job. And then I stayed
at that job and then something happened. As my real estate grew, I started asking
more of my job and I started growing in both my portfolio. Started growing and
and then the day came when I could leave my job to just do real estate and of
course that was like the kiss of freedom. It
freaking awesome and amazing. So when he asked this question, "should I work if
McDonald's if that'll help me fulfill my plan of getting into real estate?" Then
you know my answer would be. My answer would be yes. Heck yeah. I would in fact
if I were you I would work any kind of job whether you felt it was a great job,
a menial job, work a job. If there's a way that it can help you get in the game of
real estate. Because it did it for me and it was entirely worthwhile and I will
tell you that there's some people they don't know how to move backwards. There's
some people that won't take a certain type of job or a certain level of job
but you know what? Take your pride and bench it. And you got to figure out
what's really important to you? For me, I was practicing this thing that I needed
to be really good at in the beginning called "delayed gratification". Which meant,
"hey Kris, this time in your life it's not about having a dream job or a dream
house or a dream car, this is the time to be smart with your money. Scrimp and save
what little you can and you put that into a property. Friends, when you buy
primary residence, do you realize that it could be just 3% down and on $150,000
house we're talking about you know $78,000?
do you know that less than 10 grand, can get you into a home
and if you buy it smart, with equity or maybe with the basement apartment you
can run out or some type of big benefit that the year or two or three of saving
and scrimping might be completely worth it in the end? Because check it out when
I bought my first house, my net worth went up 40 grand. That was more than
double what I made in an entire year at my job. You just think about that for a
second. That was a lot of sacrifice until a gratification to create that. I'm so
glad I did because I did that for the next 4 years and then all of a sudden
now, I had delayed, delayed, delayed. I hadn't increased my lifestyle, I hadn't increased
my spending and now all the sudden I had a residual income of six figures. Over
10,000. It was actually $12,000 a month and that 12 grand a
month, do you know what it meant? It meant that I had a lot of freedom and a lot of
options. It meant that I could quit my job. So in the end, it was a necessary evil
except I never looked at his evil eye. I looked at it as I was man enough
to sit my pride on the side and do whatever it took to make stuff happen.
And that's what I'm talking about. The real answer to the question is no you
shouldn't work at McDonald's. It should be you should do whatever it takes to
get where you want to go in life as long as that it is a
moral integrity and an uplifting and doesn't hurt other people. And that's
really what worked for me. So by the way, if McDonald's is your plan then you know
what? Then get a job there and then work that plan and then stick with it until
you get the gold. Hey, thank you so much for watching today's video. Listen, you
don't have to wait 14 months, you don't have to wait 2 years, you don't have to
be at that job longer than you think. What you need is a mentor that can show
you the smarter path. If you click the link in the description below, I'm going to
show you how to get into real estate with no money and no credit. I will be
honest, some deals take 3 grand, 5 grand, 7 grand, 10 grand. But instead
of 20% down which can be 40 grand, I want to show you often how to do real estate
that doesn't even necessarily require money.
It certainly doesn't require credit. It is legit. It works. I've been doing it for
years and if you want a shortcut, I can give that to you just check the link in
the description below. Aside from that, make sure you're a subscriber because
every day guess what? Videos popping up, ding that bell so I can notify you and
share more of this knowledge that I hope will create massive value and get you
where you want to go in your life.