Every time I want something, I just ask myself, "How many homes do I need to pay
for it?" If I want to take a trip, if I want to buy a nicer house, if I want to
buy a new toy. I asked myself, "How many homes do I need?" In fact, today in this
video, I want to share with you how you can get real estate to pay for every
part of your lifestyle that you want. So first of all, for those of you that are
unfamiliar with this channel or how I help people create money through real
estate investment, let me just give you the basics. Real estate is different than
401ks, IRA, stocks or just about anything else because it actually pays you. My
definition of an investment is something that pays you. Your 401k, even though you
put money into it, it doesn't give you back money. The stock market doesn't give
you back money. Your IRA doesn't give you back money. You put money in savings in
the bank, it doesn't give you money. And when you put your money into something
and it gives you nothing back, I call that speculative or Vegas money or I-
throw-money-at-something-I hope-I get paid-back. We're talking about real
estate investing. Something as simple as I buy a home and that home is going to
produce a cash flow for me because let's say, I get it for a good price and as a
result, I can actually... Let's say that I have a mortgage on this thing. And my
cost is $1,000 a month. But let's say that we're using Kris Krohn super-duper
hyped up strategy that performs way better than rentals. And as a result, I'm
actually collecting a special rent of $1,500 a month. And as a result. I have
$500 a month of... What do we call it? Cash flow. Correct. Its cash flow. Okay? So, just
in case you're unfamiliar with real estate, when we talk about real estate
paying for your lifestyle and and giving you everything that you want, that's
exactly what we're talking about. Now, take for example, the things that people
want in life number one, people want security. Number two, people want a nice
house to live. Number three, people want to drive a nice car.
Number 4, people want to travel, right? These are the basic things that human beings
want. At least that's what I wanted. And when I got myself... I was in college and I
want to share this with you because this changed everything for me. I was so lucky
in college to have gotten literally a super, super, crappy telemarketing job.
Meaning, I was on the phones all day talking to people that didn't
necessarily want to talk to me. But I learned some things about them. And the
people that were talking to my company were looking for ways of making some
additional income, were doing some retirement planning or starting a
business. Most of them had been to college, most of them had worked that
college degree for 20 or 30 years, they had been popping money in a 401k or an
IRA and now they were getting in their 50s or later and realizing crap. What
society said about get a degree and work for somebody else isn't anywhere near
what I actually need for retirement. These are people that had been saving
lots of money. They were not necessarily living the lifestyle of the dreams. They
weren't driving the cars they wanted. They didn't have the freedom to do what
they wanted. Hence we're talking about real estate. Now, as a young
impressionable 22 year old, this was actually a really good thing for me.
Because it really helped me understand that society had no financial game plan
for me to win. It had no way to give me the freedom that I wanted in my life. And
if you want freedom, it's up to you to create that for yourself. And that's why
I've created this channel so that I can actually make that easier for you. So
let's jump into it. You want real estate to pay for your lifestyle. So what you
need to learn how to do is residualize This is the content of the day.
You need to learn how to residualize what you want. Now, a car makes it really
easy to do. For example, I drive a BMW i8. And it's one of the very first in
production. It's their concept car. It's absolutely amazing. I freaking love it.
Guess what though? They've got a brand new i8 that's coming out that's a
roadster with a convertible top and I love convertibles. In fact, I always said
there's nothing that could make that car better than making it a convertible. Well,
I already know right now that if I buy that car, in three years, I'm going to want a
new car. I'm going to want something different and shiny because my lifestyle
can afford it and I feel okay with that. Don't judge. And that car costs roughly
$2,000 a month. Dude, am I going to buy the car cash? No. Because I'm going to give it again.
I want to control the car just like I can control my assets. So here's the
thing I'm saying to myself. "If I want to actually have $2,000 a
month covered... If I want to buy this car, what am I thinking again? How many homes
do I need to buy?" Now, let's just say for a moment that my average home is
producing a cash flow of $500 a month. How many homes do I need
to pay for this car? 4. 2,000 divided by $500 a month
means... "Oh, Kris wants to drive that BMW. He's going to need 4 houses." Or if you
say to yourself, "Oh, I'd love to take a trip every single year with my special
someone in my life and I don't want to take a basic trip. Like I want to drop
some serious money like... Like I want to pay $10,000 for a trip."
Okay, that's $800 a month. You basically need two homes. And just owning two homes.
We'll basically allow you every year to take an amazing $10,000 trip.
Or you might say, "I'd love to live in my dream home and my dream home costs
$4,000 a month." Okay, $4,000 a month means that I need to buy eight pieces of
property that will actually pay for that. You need to residualize your desires.
Whatever you want. If you can figure out what it'll cost you every month then you
can actually dump it into this system and the more homes you buy, the more you
can actually have. So my friend, real estate has the ability to help you live
the lifestyle that you want. You just got to start looking at things
in terms of homes. Now, here's the good news.
A car is a depreciating liability. A house is a appreciating but liability
because it doesn't make you money. The things that you want in life in the
freedom that you want, they have a cost associated with them. But most of them
are liabilities. They're not appreciating assets. We're fighting the liabilities
that you want with assets. So, don't go to a job, make money and throw it at a
liability and have it dissipate in value over time. Instead you buy appreciating
assets that grow in value that can only give you more of what you want. First and
second home that ever bought combined made me $200,000. That $200,000 bought me
a lot of lifestyle, it bought me a lot of freedom, it bought me a lot of stuff. And
so you want to use assets to pay for the liabilities that you want life. So, I want
to invite you when you're done watching this video. And
then I got a little bonus for you. I just want you to start looking at the world. I
want you to make a list at what you want and I want you to start asking, "How many
homes do I need for the lifestyle that I want?" Now here's the good news, in real
estate investing, you are the captain of your ship. You are the one that is
determining your destiny and your fate. You don't have to wait for a raise or a
boss to tell you where to be or when to be. When you learn the game of real
estate investing, you're living life on your terms.
So, if you want more then you just go get more homes. And there's no limit to how
many homes that you can do. In fact, you can do as many as you want. Now here's
the bonus, some of your watching this videos think, "Kris, this sounds amazing.
Great. I want this thing, I don't want this thing and I need that number of
homes. How do I do that?" If you'd like me to tee up the homes for you, if you'd
like me to show you how to find them, if you want me to show you how to actually
find the homes that can make the lifestyle of your dreams come true, I've
got a lot of people in my community that are doing just that. In fact, I was just
chatting the other day with Bill and Julia Grade and they came and visited me
in my new house here. And they had just bought their 11th home. They're always
taking a trip somewhere in the world. They're always going somewhere and their
real estate has enabled that lifestyle for them. Neither of them work anymore.
And they are essentially retired and living the life of their dreams. And when
they want more, they just get more real estate. So if you want some help on
knowing "How much real estate do I need? How do I get the real estate? What do I
do with it? What if I don't want to be the real
estate person but I want the benefits of real estate?" That pretty much means that
you need to talk to a member of my team and request a private consultation. Now,
I'm going to charge you 399. 399. Meaning, it's just for you don't have to pay for.
But I've got trained members of my team that are basically looking for the right
people to add to my personal private real estate community that I can mentor
and teach how to do real estate investing. So, if you need a mentor and
you want someone to show you the ropes and give you every detail and get
interactive with you, I could be that guy for you. But we got to see if it's a fit
and we got to see if you qualify to be a member of my team. The good news about
qualifying is all I'm really valuating is your hunger. I don't care if you've
got nothing because when I got started, I got nothing. I had nothing. I'm looking
for the desire. And if you're ready for a better life and you want that life right
now, then I'm going to invite you to click the link in the description below
after you subscribe. So I can share with you more of my daily videos and
notify you about them. Especially if you ring that bell. But get that private
consultation in that link below. Talk to a member of my team. Learn exactly what
you need so that like me, you can retire young or only a few years from where
you're at right now and you can live the life of your dreams.