I love showing people their million-dollar game plan.
It's so exciting. There's something really thrilling about stepping into
your shoes and saying, "Alright. What's your financial situation? Like, you have a
lot of money, you have no money? Are you deeply in debt? You have bad credit?
What is your circumstance? And if I were you waking up today, how would I become a
millionaire as quickly as possible?" And you know what? The game plans get
creative, they get fun. And I thought, "You know what? For today's video, what if I
actually gave more of a generic game plan saying, how would you make a million
dollars in the next 10 years even if you started with nothing?" And that's what I'm
gonna do on today's video.
So, if you want to be a millionaire in 10 years, it's actually a really simple
equation. I'm going to ask you to do something that's literally going to take
you, I don't know, maybe 20 hours a year. We're definitely not talking about a lot
of time and we also are going to do a plan here that doesn't necessarily need
any money. Check it out. We got 10 years here. I want you to buy one property
every year. So, in year one I want you to buy a house. And frankly, I want you to
buy a house every single year that hashtag means, we're just duplicating and
doing the same thing again. With the right training and with the right mentor,
20 hours in buying a house, here's what we're really going for. When looking at
buying a house that's going to do a few different things. One, with my lease
option system, this house first and foremost, he gives you an average $5,000
up front. And the second thing that it does is it pays you $500 a month of cash
flow. But the third thing that it does when you actually go to sell this house...
And we're just going to assume for all intents and purposes that it produces
$50,000, okay? Those are the 3 core benefits. So, you're going to get paid
something upfront. You're going to get paid something along the way and you're going to
get a really big something at the very end. With those assumptions, if we buy
these houses and I show you how to buy them creatively. Which means you don't
need starter money. A good example would be me finding a landlord that is
just kind of burned out. I'd look in the neighborhood and I'd look for houses for
rent. I would literally just be calling and just saying, "Hey, I'm thinking about
renting your place but I'd like to rent it long-term for like 5 years. Would
you be okay with that?" And they're like, "Wait, I'm looking for tenants. Sure." Then
I'd say, "I'm actually looking for a house that I can rent for the next 5 years
then I'd also like to be able to buy. Would you be willing to sell it to me
eventually?" Now, a lot of people are going to say no. But a lot of the landlords out
there don't want to be landlords anymore. They eventually want to sell the home.
And if they say, "That's interesting." Then the next thing you have to do is look at
the price. And if the price is reasonable, you're locking in that price 5 years
early. So, you're basically saying, "Hey, what I'll do is I'm going to give you a
contract. I'll be in charge of this house and I'm just going to now cut you your
monthly checks." And if they say "Yes", there's no down payment. Now, you're just
making the payment. And if you use the marketing system that me and my team
will teach you, you put some signs out front that say, you know, "No bank
qualifying. Rent-to-own." Someone calls says, "Here's $5,000. I don't want to
qualify with the bank. Let me move in." They're not making the payments but
there's leftover money. That's that $500 that's leftover. You could also buy the
house traditionally with money from a 401k or IRA or savings. But let's just
assume for this example in this video that you don't have money. That you have
maybe 1 or 2 thousand dollars max you could put down into a property. If
you could do that every year, we'll show you how to make $5,000
upfront, $500 on average every
month along the way and 50,000 when you sell. If you did that for 10
years, something is going to happen. The goal here... These properties are
typically producing for me on average a 25% ROI. And that means
that in year one, this house that I bought, if it's earning 25%
this year and 25 the second and 25 the third and
25 the fourth, I would have doubled my money in 4 years. Because 25%
25% plus 25% plus 25% plus 25 percent of say four
quarters, makes a dollar. Or 100% return on my money. And so, let's
say that I could get that $50,000 out 4 years from now. What could I do with
that money? Well, in the fifth year, if I sell it, I'm going to be buying my standard
home anyway but I'm going to sell this home and I'm going to use it to buy another home.
So, I'm actually getting two homes in that year. The home I buy in the second
year that I sell, 5 years later, maybe use it to buy another home. And if every
year after, I keep doing that, by the time I get to the 10th year and I'm selling
off this guy, I actually have enough profits to buy 2. Plus the one I would
have gotten anyway. So, over 10 years now, let's just say we've got 1 home, 2
home, 3 home, 4 home. 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17. 17
homes that are producing $500 a month. How much is that? That's $8,500 a
month. That is a six-figure residual income. And if you're making less than
$8,500 a month, then at some point in this journey, you can walk from your job
and that residual income is there. But more importantly, we're talking about how
to be a millionaire by 10 years. And if we're making 50,000 a home plus the cash
flow plus the down payments and we've got 17 homes already, those 17 homes that
are producing with all of that ,you're looking at 65-70 thousand dollars, that's going to
put you right at that 1 million mark. Now, this is slow. This is like... This is like a
slow game plan. There's so many things that you could do to go faster on this.
But if you wanted to know a million dollars 10 years, basically the goal is
simple. Buy a house every year. And if you're saying I don't got money for that,
then get with me and my team and we'll show you how we actually make that
possible. It's actually documented in the book that I wrote called The Straight
Path To Real Estate Wealth. and I teach a course for my students is very
inexpensive course. My students get access to me teaching them, training and
mentoring them in how to find these deals just like this. So, if that's
interesting to you, then all you got to do is check the link below and we'll
show you how to do that. Friends, that's that's making a million dollars over the
next 10 years. Ultra-conservative style. And if you want
to know how to go more aggressive than that, you can certainly do that as well.
If you also have money sitting in a money market account a 401k IRA or a
partner's account and you're like, "Kris, could I use that to speed things up?" The
answer is yes. You could certainly speed things up in a huge way. if you want to
learn how to do that, then click the link talk to my team. And you know what? Every
quarter I put on an event. And have people from all over the world come and
join me for 4 days as I teach them how to make millions of dollars. I give
them a custom million dollar game plan and I give them the mindset of the
millionaire. So now I want to check that link out as well.