Kris Krohn with Limitless TV, and today we're talking about how to retire in 10 years.
Is it possible?
What would you need to do different, think different?
What kind of game plan do you need?
And hang out for the end because I've got some bonus information to save you thousands
of pages reading from Warren Buffett's book on the Snowball.
So today, I wanna about talk to you how you can retire in this 10 year time frame.
And before I give you the 3 most important secrets to do this, I just want to start off
by telling you a little bit about my journey because I did have a 10-year retirement goal
but I accelerated it and based on the information I'm gonna be sharing with you today, I actually
retired in 4 1/2 years.
So today's information, it's pretty qi, and for me, what it is meant is freedom.
A lot of people, there's this buzz word, "financial freedom" it's such an exciting word and it's
"FINANCIAL freedom" For me, it's the other way around, it's "financial FREEDOM" Like,
what do you really value?
Money's cool but you know what's cooler than money?
Being able to do what you want, when you want and how you want it.
And you and I, we have a mission, we have a purpose in life and so for me, this isn't
going to be true for maybe you or for maybe other people watching this video because there's
a lot of people that their fulfillment doesn't come from financial freedom or freedom, it
comes from having a career, building someone else's business, entrepreneurship, it comes
from, maybe they're already engaged in doing something they love.
But you might be like me, if you're searching a video saying, "Kris, how do I retire in
10 years?"
"Kris, how did you retire in 4 1/2 years?"
It was because I knew I had a higher life purpose, it's society did not give me a path
that worked for me, I had to create my own, and that's what I'm going to be giving you
today.
I retired in 4 1/2 years using these very 3 specific principles that I'm going to give
you.
Here's the bottomline, you need to invest money so that it earns more money.
It creates the snowball effect.
As soon as your investments earn enough money for you to live on each year, you're actually
able to retire.
It's a very simple definition, I need to stop working for money, I need my money to work
for me.
If you spend 100% of your income, you'll never retire because you'll never be able to invest
any money.
If you spend 0% of your income, you can retire right now because somehow you're living without
needing to make any more money.
Does this make sense?
I want to share with you right now 3 specific things that you need in order to work on this
10-year game plan, and I'm just even going to tell you in advance, I love helping people
retire, I have helped so many people to do this, I've been able to work with thousands
of people and I have been able to see people like me in a short space of time actually
achieve level of financial independence.
In fact, I actually surround myself with a group of people over the years that I have
been able to help, that are now financially free, using these exact 3 very simple but
very necessary principles.
There are 3 things in particular for you to focus on with being able to have a 10-year
retirement game plan and yes, you need strategy, and yes, you have to have a game plan but
it's going to come down to these 3 basic principles and you may have heard some of these before
so make sure you don't take any of them for granted.
The first one is, you need to have an intention.
Have you set your intention?
Have you decided a period of time in which you are going to actually achieve retirement?
Have you decided how much money that is or what that looks like?
You got to start with the end in mind and having an intention means you know what you
want.
You may not be attached to how you get there or what opportunities to present itself to
make sure you do get there, but the universe and all of these laws, they conspire with
people who are conscious creators.
So do you know what you want?
Do you know when you want it by?
And is it a realistic time frame?
10 years is a great retirement time frame strategy, so what does it look like?
I recommend that you identify the time, let's call it 10 years, and number 2, the amount
of money that you want coming in automatically every month.
Is $5,000 a month?
Is $50,000 a month?
What is the amount of money and I'm going to encourage you based on my experience in
working with thousands of people to go with the figure that is the least amount, that
you're willing to believe in, that would actually create the financial freedom.
So for example, if my bills are $6,000 a month, then I might say, when I have $6,000 of business
coming in residually or automatically or dependably on a regular basis, I'm going to consider
that time to quit my job or to do this and basically, that's my freedom date.
So 10 years is my freedom date, $6,000 is the amount of freedom dollars that I want.
Your intention should be freedom date and freedom dollars.
Number 2, you gotta get some money.
Now, whether it's a little bit of money, like $1,000 or whether it's a $100,000, whether
you have money in a 401k, an IRA, whether you're partnering someone and using their
money, we know this, a salary will not create freedom.
Being an investor and an entrepreneur can create that freedom.
That is outside most people's comfort zone but it is what is required to introduce the
possibility to be free inside a 10 years.
So you got to get some money to play with, for example, if you want to play with me,
I can show you with less than a $1,000 how to do real estate because frankly, that's
what I needed to make my first million plus dollars.
I also went in with partners and would say, "Hey, father-in-law, Matt, let's take $40,000
or schmear 401k and let's do a deal together."
And so does it take money to make money?
Well, in most cases yes.
But they never said whose.
So you can be the great provider of opportunity to other people and what's important is that
you gather the resource, that doesn't mean put your head down for 10 years, and trying
to keep save money on the side, because frankly, that may be too slow of a plan.
You need some money to make money, so get some money.
Based on the strategy that you're doing, by the way, if it's a good strategy and a good
business model, it means that it's going to have ROI, return of investment, it's going
to make money and that is what you use to partner and split with people to bring them
into the game.
So number 1 is, you got to have an intention which means a defined freedom date and freedom
dollars.
And then number 2, you got to get some money whether it's yours or not.
And then the 3rd step is invest.
I want to make sure that you are selecting wise vehicles that actually have the ability
to get where you want to go and all you have to do is to be able to produce some very basic
calculations, if I take my money for the next 10 years and compound it in a 3% annuity,
then it will take me a very long time before I double my money and actually get my money
out of that investment and in 10 years, there's no way that I'm actually going to make my
freedom dollars within my freedom deadline.
So what do I need to do to different?
I need to find a different investment vehicle.
Now, obviously I've got links below, things that you could check out that give you the
ability to accomplish that within the 10 year time frame and you might be aware of other
vehicles, but those are the 3 principles for you to leverage.
You got to have an intention, you got to know how to get the money, and then you got to
know where and how to invest.
And if you have those three things lined up, can you retire in the next 10 years?
Absolutely.
So wherever you go, whatever your strategy is, make sure that those are the three specific
principles at play and everyone of you right now watching this has the ability to the first
one right now.
In fact, if you wanted to do all three of them it might look like this: 10 years, $8,000
a month, that's my number 1 for my freedom date and freedom dollars.
For getting the money, I'm going to take Kris' advice and partner if I don't have the money,
and then that's number 3, Kris is actually giving me access to the best real estate deals
around the country, that he'll give me access to.
So there you have it, for thousands of people that's been their plan.
Your game plan may look different but make sure you have those 3 elements because if
you're missing one of them, then 10 years would probably not be realistic for you to
get there.
On the other hand, if you got those 3 principles at play and you have the right system and
strategy, that's all you need to get where you want to go.
If you feel like you could use an update on your financial game plan for life, if you
would like to plan for how you could retire 5 or 10 years, then go ahead and click the
link below, follow the instructions and me and my team will be in touch with you to give
you a very precise and accurate game plan, to help you get where you want to go.