What's up friends? Kris Krohn here. Guess what? If you're in your 20's, there are
5 big choices that you need to be super concerned with. And if you're not
thinking about all 5 of these, you might be missing out. Here it comes.
Okay. So today, I'm going to be talking about college, career, investments, travel,
dating. 5 things that I think are paramount for you to establish yourself
well and make super good choices while in your twenties. Let's actually start
with the first one. On a pretty regular basis, I get hit up. The world is changing
so rapidly and people want to know, "Kris, should I go to college? Where does
college fit in my future and in my life?" I'm going to share personal feelings on
this. And ultimately, you need to decide how you feel. Personally, I'm raising my
children with entrepreneurship as their core background. I don't think we live in
one of times when you can just rely on a college degree to get you where you want
to go. The world is changing so rapidly that even what we're teaching today, it's
becoming obsolete so fast that listen, if you want to be a doctor, if you want to
be an engineer, if you want to be an attorney, go to college. But if college is
a social experiment because you don't know what you want to do with your life,
you may want to rethink the matter and first ask yourself, "Do I actually want to
be in charge of my own financial destiny and be an entrepreneur?" I think that's a
really important choice for you to make. Its that College is no longer producing
the results that we hope that it would or that it was for previous generations.
You need to decide what you want. Does it require a college degree? Go to college.
If it doesn't and you're not sure, what can you do to try on a couple other
things first so that you don't waste your time or waste your money. Make no
mistake about it. This channel has been all about helping people become
financially free. But there's actually two other freedoms that you got to be
concerned with when you're picking your career. The first one is time freedom and
the second one is choice freedom. Let me explain those for just a little
bit here. On a person's journey, whether you just want to be financially stable
and secure or whether you saying, "Hey, Kris. I would love to make 10 or 20
thousand dollars a month residually. So I can quit my job and do what I want with
my life." Whether you're either of those, how that's going to happen anyway
and what you're gonna want and seek is time for you. I got a buddy of mine who
sells in the car industry. He makes Bank. But guess what? He has to give 70 to 80
hours every week. He hardly sees his wife and kids. And bottom line is
it totally stretches him. And he doesn't like that. So, he makes good money but
there's a sacrifice. How important is a good lifestyle to you?
And if you're talking about career, ultimately where I believe
entrepreneurship, in fact, I think by the year 2030, 70% of all Americans are going to
have some type of side gig I think is what's projected. In other words,
entrepreneurship is on the rise because people are committed to a lifestyle that
they can control. Ask yourself if that appeals to you. Because entrepreneurship
is not an easy journey. There's a lot to learn about yourself. There's a lot to
learn about what does and doesn't work. And you're going to fail likely a lot of
times on your path to success. So, when you're picking a career, what career can
you pick that can allow you to have a side gig for making money on the side or
trying a business on the side? Is there something that gives you time
flexibility is the first consideration? And then the second consideration is, "Do
I have a choice freedom?" Meaning, "Am i giving myself permission to make the
choices that I want in my life? Or if I picked a career that is super inhibited
and limiting of what it is that I can actually do and how I can choose to use
my life, do I have the flexibility that if I want to go fly to the other side of
the country? Or attend one of Kris's events so I can learn and get mentorship?
Do I have the ability to do that?" I think that's really important. Right along with
that career, I want to throw one more piece of ad.vice for you
Figure out how to save money that leads us into number 3; Investing. Life will
never cost less than when you're in your 20's. So, you're either going to choose to
live paycheck to paycheck like everybody else does. Which means if you make 40,000
a year, you're going to spend 40,000 a year. If you make 80,000 a year, you're going to spend
$80,000 a year. But what you need to do in your 20's in your 20's you should be
saving no less than 20% of the in your income. And preferably more like half of
it. Think about it. You don't maybe have family yet, other obligations. Life only
gets more expensive with time. So, the time to establish your investments, trust
me. Anyone doing it their 40's wishes they could go back to their 20's and say, "Ah,
how can i time machine back and do it right?" And doing it right means focus on
saving. Don't be materialistic. Don't focus on having all of the nicer things
of life or living at the your income. Instead, freedom comes from
creating a massive gap between how much money you make and how much you spend.
And take the rest of that money and dump it into investments. Whether that's doing
things like real estate where you can double your money every 5 years the
way I teach it or whether you want to go invest in the stock market or your own
business or something else. Bottom line is the younger you are when
you start investing, the more you're going to have later in life. So, it really
comes down to a habit and play a game. How little can I live on to have as much
left over so I can put it in as many different investments as possible? That's
the third thing you need to do in your 20's. Okay, number 4, travel. You're going
to have probably more flexibility in your 20's than ever before. I totally
recommend putting as much money towards investing as possible. I think it's
important to have a little bit of fun as well. And travel gives you perspective. It
allows you to see the world that it gets you kind of outside your comfort zone.
And I think that there's a lot of good and fun that can come by it. In your 20s,
I think travel, make it important priority. Yeah, you've got the ability to
literally travel with hostels. Meaning, go into places where you can rent the
really cheap units. And you can backpack through Europe. There's a number of
things you can do that don't necessarily cost a lot of money. Because trust me,
later married or establish a relationship with kids, it only gets more
expensive hence invest now. And also take the
opportunity to go out there and explore the world. And my last piece of advice
really comes down to dating, relationships. You know, right now the
world is tending to move in a way where it's all about independence and being a
free spirit not getting into 2-minute of a relationship. I got married when I
was really young us 23 years old. And I have to tell you that being
married young, now means I'm still in my 30s. And now after 17 years of marriage,
my wife and I have been to 40 countries, we've had a chance to build wealth
together. We've got 4 kids and I feel like I've already lived such a packed
life. You know, I think there's 2 types of daters out there.TI think there's
players and then there's the people that are really committed about really
finding real love and real companionship that's super meaningful. And I want you
understand something. Every relationship that starts off well
is going to go through a really nasty bumpy road. And that's when people get
out. And my wife and I went through that same thing. But what we did is we hung in
there during the hardest moments and we learned lessons. When we got to the other
side, there wasn't anything we couldn't face. I feel so lucky that I've collected
all these amazing memories with my wife Kalenn. And it's because we were committed
to working through the difficulties. But I think there's a lot of people that
just say, "Hey, when it gets hard I get out." But then you start over and then you go
through the slumps and the emotional rollercoaster or sometimes losing a lot
of money with the divorce and then you have to start all over again. And so, I
would say instead of being a player who's just out there to get a little bit
of action on the side, consider the beauty of finding that lifelong
companion that person you want to spend your life with. Your 20s is an excellent
time to get a little bit more serious about the dating name. And then when we
get a serious relationship. Look at how you're going to weather the challenging
moments because I think every relationship is going to happen. I mean,
we are attracted to a most opposite. And it's never going to be any different
because that's actually the healthiest person that makes up all the things that
you don't actually have in your life. Question is what can you do to actually
learn to get through it and get to the other side successfully? Because if you
can figure out how to get through those hurdles and problems. Your love
and relationship is going to grow so much stronger. Then you're gonna have someone
that you can really share and build a life with in all these incredible memories. I
know that family for me and my children, my wife have brought me some of the
greatest joy in my life. And I'm so grateful that I have had the time that
I've had. So, decide who you want to be in the day. Listen. Friend, today's advice has
all been dedicated to helping you find fulfillment and joy which is something
that we're all after. And your 20s is the perfect time to really get yourself set
up. For those of you that are looking at this say, "Okay, Kris. Good advice. Thank
you. How do we get started with the money side of the game that's going to affect a
lot of these things?" Today, I'm giving you a free copy of my book. The Straight Path
To Real Estate Wealth. It's a gift from me to you. Cover the shipping and I'm
going to send the book out to you. And the book really details how I in my early
20s built over 1.6 million dollars of wealth that allowed me to quit my job,
have $12,000 a month of residual income. And that led to tons of travel, the
investing that paid for my lifestyle. Basically the career of my choice if we
can call it that. The love of my life. It really touched every part of my life
when college really even getting my degree didn't set me up for what I
really wanted in life. And so that book is a gift for me to you to help you
figure out your journey of wealth. And even a member of my team will reach out
to you after you get the book to see if we can help you put a game plan together
on how to make the most of your 20s. Well for those of you watching this in your
30s and 40s, what can you do today to set the record straight. Thank you guys so
much for watching. The link is in the description below. And please make sure
that you are a subscriber and watch tomorrow's video. I make them every
single day dedicated to helping you have it all.
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