Albert Einstein said that the greatest financial innovation of our time is
compound interest. It's the most powerful thing that you can have working towards
your benefit. Problem is, most of us are not really leveraging compound interest
in any kind of significant way. Which is why today as a real estate investor
having done thousands of deals, I would like to share with you what you can do
to double your money every 5 years. Check this out.
How do you double your money every 5 years and why would you even want to be
able to do that? You know, right now when you think about society we're told to do
certain things with their money. We want to be safe and we want to be secure and
so we've really been habituated to put our money in savings and 401k's and IRA's
and really not think about it. And also have it not necessarily give us anything.
When the market goes down, we fret and when the market goes up, we get excited.
But it doesn't even matter because we're just leaving it in the market.
Just understand this. S&P average is under 10%.
That's the S&P500 or if you take a look at 401k's and IRA's, the amount of time it
will take them to double your investment, you don't even want to know how many
years it is. If you really want to realistically have a successful life and
have more opportunities and not have to wait till you're late into your 70's and
80's, you've got to find a way to have more success quicker but safer. And the
way that I do that is by honing in on investments that for me, averaged a
minimum of 25% a year. Now why 25%? Well, because if I make 25%
this year and 25% next year and 25% the year after and
25 percent of year after, I've made 25% 4 times and 25 x 4 is
100 %. And if I throw a 5th year in there of 25 percent, I've now made a
125% and then if I sell off that asset and eliminate one of
those years, I still have a 100% percent of my money left over to now do
something with. I double my money every 5 years through real estate
investment. As opposed to 401k's and IRA's that aren't going to double in... Use the
rule of 72. It's going to take forever. It's not enough to be contributing to
typical retirement and have it take 20 or 30 years to double. How do I double my
money every 5 years? It's the power of compound interest and my friends that's
the power real estate. I've invested in golden or companies and trucking
companies and different stocks and all sorts of different things that you can
possibly imagine. And at the end of the day where I put 80% of my money. It's
always 100% back in the game of real estate. The other 20%, I put in
business and outside of that, it's all real estate.
Those 2 things are really where I continue to dynamically grow my wealth
and I want to share with you why. Let's assume for a moment that all you could
do is buy a single home. You buy one home and in 5 years it
doubles. So it becomes what? 2 homes. Now by the way 2 homes is twice the cash
flow, twice the tax benefits but you didn't have to put in twice the money
because the interest that it produced was enabled you'd buy the second home.
5 more years from now, 2 homes become 4. Now by the way, now you've
quadrupled your investment. If you were earning 25% on one and 50% on 2, you're
now earning like the equivalent of a 100% a year on 4. How cool
is that? But then you go from 4 homes to 8 homes and now you've doubled it
again and you're doing 200%. And then you move from 8 homes to 16 homes, you've
doubled it again and then from 16 to 32. We just blasted through 30 years of life.
But I want to show you a couple of things. Number 1, starting with the
power of a single home. In time, can produce an amazing livelihood for you. In
fact, real estate, it's inevitable that every one of us can become financially
free, rich and wealthy through the game of real estate. The question is how long
is it going to take you? Starting with just one home in 30 years can give you a
multi-million dollar net worth. But you're not going to take it out. You're
going to live off of the residuals. You're going to keep getting the tax benefits and
the next year 32 homes becomes 64 and then 64 become 128. Before you know it,
you're passing on to the next generation insane levels of wealth. You know because
I've been in real estate for 15 years, I've had a chance to meet some wealthy
families that have been in the game for 40, 50, 60 years and here's what's
interesting. If they were aggressive in their first few years, it meant 50 years
later, one of these families - billionaire. Donald Trump, bankrupt 6,7,8
times - billionaire. Always right back again because he knows how to do it. Real
estate is this game that you're never going to come out of because the cash flow
keeps getting bigger and bigger. If it works you're going to keep it and that's
where you have these massive family conglomerates that pass things on. Make
the decision right now that even if you're starting with nothing that you
will find a way to buy a home that is a great investment and that you'll find a
way to multiply it with ROI's at least
20 or 25%. So they're every 5 years, you are doubling your money. You may not
be rich in 10 years. But if you give enough decades, you're going to pass
tremendous wealth on to the next generation and you can still be a
participant in that. Now, I get it. Some of you're like, "But Kris, I don't want a 20
or 30 year game plan. I want to be wealthy now." I hear you and to you I say
this. If you start buying a home and it becomes two and you develop a track
record. And it's working then the only thing keeping you from getting more
homes is introducing the idea of your success to other people. They can say, "Can
I throw the money in and will partner up and do more of what's been working for
you?" Tada, this is entrepreneurship 101 and
this is how people crush it all day long in the game of real estate. At the end of
the day even though I sometimes frown on the idea of a thirty-year game plan, the
reality is is that people everywhere would kill to have millions of dollars
or even one or two million dollars at the point of retirement which could
easily be done if you just get started early enough in the game of real estate.
Make your focus right now getting that very next house and then make sure you
buy it with proper ROI so that it can double every 5 years. And if you do
that my friend and then you're going to get yourself somewhere in life that
eventually you're going to look back and smile and say, "I'm so glad that I did
that." If you want to get there faster though or if you want more aggressive
techniques or if you want to know how to turn a thirty-year plan into a five-year
plan, click the link below. Talk to a member of my team and say, "Alright, I
watched his video, I know I need to turn 1 home to 2 , into 4, into 8, into 16,
into 32 to 64. Wow Chris is good at doubling numbers and we want to know at
the end of the day how to turn that into super huge success. The retirement the
financial future of your dreams and there's ways that you can go way faster
with that. So my team will break that down for you. Thank you for watching. Make
sure that you are a subscriber because every day a video like this is coming
out and don't think for just one moment that all I'm doing is creating videos
about how to make money in real estate because every single day I buy a piece
of property in real estate and my net worth grows just like yours can too. Take
care of see you tomorrow.