There are so many people frustrated the stock market right now because it's
their financial future and it's like one crazy roller coaster ride. Is there an
alternative in real estate that can stabilize, pay you money, create tax
benefits and potentially be a wiser choice? We're going to find out today.
So, I'm joined today by Trevor and Alena Eriksson. You guys are awesome. We've been
able to really kind of play in the real estate arena just recently the last few
months. But you guys really got to experience some of that stock market
rollercoaster that lots of people are dealing with right now and kind of
before I came into view, You were playing pretty heavy in the
stock market with some of the money that you had. Can you tell me a little bit
about that? -Yeah. We had some... We had some money in the stock market and I was just
kind of learning what I wanted to do. I wanted to invest. I'm getting older so I
definitely want to do figure out how to secure my future so that I could one day
retire. And you know, as I started playing at the stock market, I realized that
there's a lot of emotions that go into that stock market. As one day, it starts
to climb and then the next day it kind of drops and then the next day goes up.
And you may watch you do this for a week or two and then... You know and then
when it it dropped hard, for us anyways, I was like, "Wow! That's a... That's a big loss."
And they keep saying, "It's okay. It's okay. It's going to come back up." And the
emotions and everything going on into that was just not where I wanted to be
for sure. -I remember Alena, we were having our first one, we
were just getting to know each other. You like, "But Kris, we're gaining X number of
dollars every day in the stock market." You're talking a little bit like a day
trader. It was that way and then the market came down then the euphoria
turned into... And that's the problem, is that it's like your feelings start
getting dragged by the market. When the markets up, you're feeling like you're
winning. But when the market drops down, then all sudden you kind of feel a
little bit like a loser. I think there's a lot of people that just that kind of
feel that way. When did you guys ultimately make the decision that real
estate was going to be a better choice for you? -Well, it openly came down to this
emotional roller coaster. And then just kind of researching different options.
Real estate something always that always kind of sparked my interest. It was
actually Alena who was watching YouTube videos and came across Kris and she was
watching one after another and... And you know, I was a little reserved and... -I
remember. -Yeah. And she said, "You know, come watch this. Come watch this." And then so
finally I started watching them. And I was so impressed with you know, the
brilliance behind your plan and it just kind of went like, "Wow!" You know, there's
actually a future in this and I feel like you know, anything is at risk but
there was a lot more stability in the real estate market and the potential to
to really grow. -Yeah. I think that there's a lot of people that just standardized
their thinking and they want to put their money in the stock market. That's
just kind of what they're taught to do. And you know, the S&P 500 over the last
30 years is average just under 10%. And for most people with the
amount of money they put in if you earn 10% and compound it, it's not going to be
enough for retirement. And that doesn't mean that the stock market is bad. But to
me, it says then you at least need to augment your plan with something that
can give you a real chance at winning. So Alena, I want to come to you on this one.
Like when you compare what you were doing in the stock market and that plan
and you compare it to what we've been able to start, where do you think there's
more promise, more hope? -Well, my problem with the stock market I have 2 issues,
is that to me it feels like an illusion of money. It's like you know, this idea of
money you're not really getting cash on cash. And so... -Meaning, you're not getting a
return. -It's just... It's numbers on the computer. And so, if you decide to cash
out on your stock, then your stock is gone. It doesn't keep perpetuating an income
for you. So that's a problem. But also if the market does go down and does crash, a
lot of people say, "Oh, you don't lose, you just have to hold out." But to me, I don't want
to hold out 10 years just to come even. -Yeah. -I have a problem with that. I would
rather be growing somewhere else and be secure somewhere else.
-Yeah. And you make a really great point. I mean at the end of the day, someone's
going to watch us and be like, "Yay, stock market. Or Yay real estate." Or which one's
better? But you know, if I step back and I say, "Wait a second, what's the common
denominator that we can use to compare these against each other?" Let's do that.
My track record over the last 10 years in real estate on thousands of
properties is averaging about 25% a year on the money. Which means that I'm
doubling my money roughly every 4 years. I can't get the stock market to do
that. But my real estate in 4 years when it doubles, the same dollars jump up
to 50% ROI on twice as many homes when I sell and rebuy. And then 5 years later,
I'm making 100%. On some of my money,
I'm earning 1,000%. I just haven't figured out how to get the stock
market to do that. So, I think there's an advantage there that I personally enjoy.
I also love one of my rules which is if it pays you it's an investment, if it
doesn't, it's speculative. And you know, in real estate, you can buy land but if it
doesn't pay you cash flow, that's also speculative. So, both in real estate and
stock market, there's a lot of speculation. But real estate on top of
that, not only can produce a cash flow but it also then can produce tax
benefits. And when you look at alone at the appreciation, the growth, superior ROI
potential, the tax benefits, to me we start getting into a category that says,
"Hey, there's something that I can see my future in this a lot more than that." And
you know that's why I play in the real estate arena and I've done so many
projects out there. So, listen. Now, you don't have to choose one way or the
other. You can diverse find out both. But for people that are feeling nervous
about the stock market. I think this is for me the worst part. It's not the loss
of money. It's that the market can control the way we feel. I date traded
for 2 years. And at the end of that I had to leave because I hated feeling
like a winner and a loser and a winner and a loser and a winner to loser. I just
want to feel like a winner all the time. And that emotional roller coaster, I
didn't like how it impacted, how I was at the breakfast table with my kids. I
didn't like how it impacted. You know, what kind of day I was having weathers
having a good day or a bad day as they used to have those. And you know, so I
think there's an emotional cost that needs to be weighed into the financial
cost as well. Any advice for anyone watching this though that's wondering
about the stock market versus real estate and where you kind of stand with
that? -Follow your gut. We go we waited a little bit too long and
took a dive and we thought, "Man, that was a big chunk." So, we should have followed
our gut and acted sooner and not waited. -That's good advice. -I think in any
situation, you should definitely do your research. And you know... And then and then
follow your gut. Listen to your heart on it. And then once you get there, give it a
shot, go for it. -I love that, I love that. Thank you guys so much. Last piece of
random advice. You guys had a chance to come out to one of my events recently. I
had Alex Boyer come out put a private concert on. It was it was 4 days of
what I claim is financially transforming and also financially transforming.
For anyone that hasn't been to that event, is that something you'd recommend?
-Absolutely. -Absolutely Life changer. -And if you could try to
explain why it was a life changer? -Because it works on your mindset. Your
mindset is the most important thing you have no matter what circumstance you're
in. It's how you project, it's how you it's how you perceive things. It
determines ultimately your outcome. And the mindset is the best thing and the
most important thing that we have that only we have control over. -And without
any spoiler alerts because we do a lot of crazy stuff in these events that
people hardly see coming. You know, did the event challenge you? -Yes. -Going to push
you? -Yo, yes. -And did you discover some things about yourself that you might
have never figured out any other way? --Yes. -Yeah. I think that's kind of the coolest
part of building wealth is being able to step in opportunities like that. For
those of you watching, if it's been more than 6 months since you've had a
life-changing experience or if it's been a lot longer than that, you're due for
one. And the Spirit has the need to grow. And if we're not growing, we get grumpy,
crotchety, we get stagnant, right? Fritzi boy, cats coming in the video and say hi.
So, for those of you that if you haven't had that opportunity, come click the link
below. You can get a free copy of my book. But you can also get some more
information on coming out to one of our next life-changing events. They will help
you get a realistic game plan. They'll help you get a real financial wealth
background and training on millionaires and what billionaires do with their
money. And it's also like Alena and Trevor said, it's going to impact your
mindset in a life-changing way. So, guys, thanks for being here. Thanks for jamming
on the stock market. You guys are incredible and we'll see you guys on
tomorrow's video.