If I have to watch one more stupid advertisement on how someone got rich
quick overnight they did it in 6 weeks with online internet marketing or some
other like sham of a scam or hoax. I'm just going to tell you, I'm going to like, I'm
going to lose it. Because the reality is you and I are getting that marketing message
like subscribe and keep clicking on my videos. And like every one of my video
starts with someone who like made money overnight doing something. And the
reality is is that wealth actually doesn't work that way. My name is Kris
Krohn. I did become a multimillionaire at a very early age in my 20's. But the
reality is it was different than anyone told me that it was going to be and nothing
has changed despite all the technology innovation. So today, I'm going to shoot
straight with you. I'm going to share with you what's real. I'm going to share what's
not. And I'm not going to hopefully help you find your way to the top.
It is amazing how much garbage there is it's out there. And the reality is
that while some of that stuff works, here's the dirty secret no one really
wants you to know. If we can get people to buy a product that works for one in a
million, they'll sell the snot out of it. Which means, we've got to become better
at discerning between an idea and a viable idea. Like when you think of human
viability. There is a a point in when a baby is being jest stated at which case
at 22 weeks or whatever, that thing can come out of the womb and technically
survive even though it's like 18 weeks early. When does it become viable? There's
so many money-making schemes out that there. There's so many things out there. And the
reality is I've actually tried a lot of that I feel like, I've tried most of them.
I mean I've been part of multi-level marketing networks. I've tried doing paid
advertisement and online marketing. Like I've tried all these different things.
And the reality is, just because someone can crush it, all you need is one thing
to be off and then it's an anomaly. You can't reproduce it. But a genius marketer
doesn't focus on that. They want to sell you on what someone else did without
being upfront and telling you what your real chances look like. And they'll
justify that if it's a small enough amount of money that they can get away
with it. But you know what? You've got... I wish we lived in a world where people's
reputation meant more than that. And where people were in the spirit of
wanting to over-deliver. Today, I want to over deliver for you on
what I've learned because all of that messaging, I mean, I got that education
when I was in my 20's. I was buying guru programs left and right. I was going to
seminars and events. And I found that most of what I was learning,, most of it
wouldn't work unless you had some special
inroad or you know some special nepotism involved. So listen, let's shoot straight
with each other. Because of everything I've ever done, at the end of the day, I
have had gold refineries, I've had trucking companies. I bought under this
you know multi-level company. I launched a multi-level company. And at the end, I'm
always looking for the thing that has the highest
natural success rate. That's what you've got to be asking. Where's the track
record where I can see the number of people succeeding in the system? And if
you don't have that, then I think you're not asking the right questions. So, let's
fix this. The problem in truth about passive income is that we want it to be
a lot and we want it to be immediate. But here's the number that you actually need
to value. It's $500 a month. Now, can you retire on 500 a month? No. Good, can you
quit your job at 500 a month? No. Can you take lavish vacations at $500 a month? No,
you can't. But you have the ability to multiply this number over and over again,
then it's really powerful. So, for example, one of the things that I've come back to
over and over again. And I'm building more wealth today than any other thing
I've done in the last 15 years is I'm still at it with my single family real
estate. And buying entry level homes, you know, 3-4 bedrooms, 1 or 2
bathrooms. Maybe 3 bathrooms. Very basic. I buy them in the very best
markets. And what these homes do is they grow for me at 20% plus ROI.
What that means is I.. You know, if I make 20 percent in year 1, 20% year 2,
20% in year 3, 4 & 5. 20, 20, 20, 20, 20. Adds up to 100%. Which means, I
double my money every 5 years. Now, that's not getting rich quick. Like
doubling your money in 5 years is amazing compared to 401k's, IRA's and
society stupid game plan. But you can't get rich quick on that. I will show you
how you accelerate it though. You see when I buy a house when I get this
$500 a month and then start saying, "Well hey, that's meaningful. How do
I get more of those homes doing it for me?" And there's 3 phases that I want
you to be aware of. Most people don't know this. Number 1, phase 1
is do-it-yourself. And with your money. This is the slowest road but it is
actually where most people start. If you want to become financially free, if you
can get your money to double every 5 years, if it's paying a residual income,
and I sell this sucker and I make 50 to 100 thousand dollars of income
on each home that I sell, then it will take me some time to do it myself
because I have to acquire some skills. And it'll take me time to accumulate my
own money to do this way. If you want to go faster, you do it with others plus
others money. What does that mean? That means that all the sudden, you're not
restricted by your own bank account. This is huge.
I bought several homes on my own before I got stuck. And I wanted to go faster
but because I had a track record. My father-in-law came on board and then we
bought homes together. And then, I brought on other partners and we bought more
homes together. But the third level is when others do it for you
plus you never using any money. I buy a house every single day of the year with
any amount money and I have a team doing it all for me. Now, they're my team. I give
them guidance, I give them instruction. But you see as a business owner, I'm
not a business operator. An operator owns a business and they still have to work
in the business for the business to work. A business owner owns a business and
they can be gone for 90 days and the business still marches forth. In fact,
that's actually the rule of thumb to know whether your owner or operator. Can
you leave for 3 months and the business is better off without you? If
the answer is yes, then you've put yourself into a really incredible
position of time leverage that you can use for your gain and advancement as
well. So, this whole conversation of like financial freedom, is it real? Passive
income, is it real? Here's what I can tell you.
Real estate is real. The system and the way I've been leveraging it is real. And
it's weird that what I was doing 15 years ago, I haven't been able to
innovate it and make it any better than what it is today.
It just works and it's consistent. But it does not get rich quick. I can use these
steps to accelerate to the point where I'm financially free in a matter of
years. Like I became financially independent after 4 and a half years.
But with knowing what I know today, I could do it now in 60 to 90 days. And I'm
sure that 5 years from now, I can probably do it in a week. And maybe
10 years from now, I'll be able to do it in an hour which I think will be kind of
cool. That's what continued leverage gets you.
Now, for those of you that are sitting here saying, "Okay, Kris. How do I learn
more about that kind of real estate? How could i mimic you copycat you?" Am I
okay if you copy me? Yes, the world is huge. In America alone, there's like 350
million homes and they're available. So come and play. Yes, there's no scarcity
there. In fact to the tune that my new book that just came out. This is actually
a an updated edition. Second edition of the first book ever wrote. The Straight
Path To Real Estate Wealth. Updated for today's economy. And trust me, with what's
going down in the economy right now, you need to be educated and aware. Which is
why I'm giving this book away for free. You don't have to pay for anything, just
cover the shipping. But the book itself is free. We will send this very copy
version and out to you and I'm convinced that if you spend an hour in this book,
it will help you build more wealth in the next 9 months then you have
perhaps in the last 9 years. Thanks for watching. Make sure that you are a
subscriber. And then deep below you can comment on the video. But you're also
going to see all sorts of other links of my events that I'm putting on. Where you
can find me on social media. Connect with me because I love
connecting with you. I'm at a point in my life where I love building as much value
as I can for everyone. Especially when it comes to becoming financially
independent. That's my mission you cause. I'm here to help you.
Take care. We'll see on tomorrow's video.