Nate did it! He finally got me to do the video on 10 things that you should buy
and so today, I'm going to bring all 10 of those your way.
I have been avoiding
making this video for like six months. Nate keeps getting questions and
comments from people. He said, "Kris, people want to know, what are the 10
things that they should buy?" And I'm like, "Oh, we'll do it next month. Oh, we'll do it
next month." Finally, Nate, my production manager, says
"Kris, just do it." I'm like, "Fine, we'll do it." and I want to be honest. The reason
why I don't want to shoot this video is because people want me to tell them what
they should buy and I thought, you know what, I don't want to tell you to buy
selfie sticks or what car you should buy you know, like there's plenty of
videos out there for that but listen, this is our wealth channel so you know
what I'm going to do is? I'm going to give you the 10 things that you should buy to
produce wealth to think wealthy and to be wealthy and ultimately, the 10 things
that will give you a very fulfilling life, alright. So here's thing number
one. First thing that you should buy is you should buy a house. Don't rent. Stop
throwing rent money away, get yourself into a property. You know, for the average
person that never becomes an investor, their house is going to be their best
asset, it forces you to put money away into something, it's like a forced
savings plan and people don't look at it that way but all of a sudden, the 20
years goes by and you got a hundred and fifty thousand dollars of equity and for
the average person, that's more than their 401k's or their IRA's, their house
ends up being their most important asset so number one, buy a house. Number two,
you're never going to guess this one. Rental property, right? Buy real estate. I love my
short term buy and hold strategy buying, homes up everywhere all the time and the
reality is when I buy a house, I'm putting someone else's money to work but
my money works for me day and night. I'm making money while I sleep and as cliche
as that sounds, that's the truth, that's the reality, that's what got me retired
at 26 so the first thing is all about just being smart and intelligent, right
buying a house. The second one is, do something that will produce wealth for
yourself, buy real estate. Now if you haven't owned real estate, have a goal to buy
real estate and make it happen this year. If you don't know how to do that, then
get a mentor, get a program, do something that's going to help facilitate and make
that happen. Okay, number three might surprise you a
little bit. Get a whole life insurance policy. Now I just going to, I'm going to talk
about this for just a second. I'm not talking about insurance to invest in
your death or for your loved ones to get some money when you die. I just do term
insurance for that but I'm talking about whole life and what whole life means is,
I can take every month, my leftover money and I can put it into an insurance
policy that I can access, it's a high value early cash out policy. Write that
down, it's a special type of policy that your average insurance broker will not
pitch you to, they don't make a whole lot of commission pushing this product but
it's very intelligent for you so every month, I roll and write a massive check,
automatically debits out of my account and it will go into my whole life policy.
I can borrow this money, I can use it, I can bank it, but in the meantime, it's
growing at 6% or 7%, it's also untouchable. Government, lawsuits,
nobody, nothing, no, how can actually touch that money
so your bank account at wherever you bank at has given you a quarter percent
interest for the year. This bank account gives me 6% 7% and ultimate
protection that I can borrow and access it and I use it to fund my investments
and actually multiply and produce velocity on my money. I'm not talking
about that today, it's just smart. That's number three. A whole life policy, not
just whole life, it is a high value, early cash out policy intended to borrow
and leverage. Okay, thing number four. Term insurance, right? You're not going to get a
whole life policy big enough for what you really need,
you could die, you could kick the bucket so could your spouse, leave your family
better off, take care of them and think ahead. It costs for most of us if you're
young, a tiny amount of money for a whole lot of payout if you were to have some
type of untimely death and so right now, I just know that that is something
that the average person needs to be thinking of. It didn't hit me until one
of my friends actually own an insurance brokerage and one of my had policy
writers was trying to get one of my business partners to do a policy and he
didn't push hard, he let him push it off, push it off, push it off until I get a
fateful call one night that my partner died in a tragic plane crash. His
Cessna with four other people, four people in it, he was one of the four,
three of the people where people I had invested into their businesses, it was
kind of a tragic day. Business, personal, family loss and as the plane
was touching down, a big gust of wind threw it back up in
the air, flipped it on its back and they were instantaneously crushed if not killed by the
just by blacking out so whole life, listen, the whole life is so that you can
use it while you're alive. Number four, the term policy is to use it
in the event that there's an untimely death, we're all going to die so do
something smart about that, cost very little money and you're taking care of
your loved ones. Okay, number five. Buy peace of mind. Okay, peace of mind is this
idea that you're going to set money aside every month and think about this,
you always have money for certain things, no matter what. Your phone bill might get
paid or if you prioritize your house payment, your rent, those things get paid
but we're not paying ourselves first and you got to pay yourself off of the top,
not off of what's left over and so you get to learn how to religiously remove
money every month and put it in savings, not for investing. This is your peace of
mind, right? Peace of mind is something that you can buy for most of us when you
get two three six months worth of money in the bank for living expenses than if
you lose your job and investment goes sideways or something happens, cancer,
just something crazy, you did something about it. So many people, if you're always
like, oh, I'm always behind the 8-ball. Oh, I think I'm getting ahead and then I get
behind the 8-ball. That's for people that haven't figured it out that
something financially opposing is going to come at you. There's going to be
something unexpected. It could be something as simple as a premium that's
not charged monthly for your life, it's charged annually so one time here, it's
going to hit you up and there'll be this bill and be like, oh man, I how am I going to
pay for this? Dude, you could have foresaw that. You got to start anticipating the
unanticipated ball and how do you do that? By having peace of mind by
actually stockpiling and getting ahead. Now if you're not making a lot of money
and you're like, "Dude, Kris. I'll do that when I'm making good money or when I
finish college, I'll have a better job or when I get my raise, when I get promotion."
You will never get there. You will never do it. You have got to invest in that
stuff now so by the way, if you're check to check, here's my challenge. Come up with
an amount of money that you'll take off first out of every paycheck and you put
it in an untouchable place that can grow and it might be $10, it might be
$100, it might be $200
and this is what I'm going to promise you, if you're check to check and you pull
two hundred out and put it in that account, next month, you won't be $200
behind, you'll still be check to check. It's amazing. When you
make the decision to set a certain amount aside and you pull it out off
the top, your wealth is going to increase and you're not going to know where
it went but you're not going to be missing it if it's the appropriate
amount. Alright, number six. Business. Invest in business, be an entrepreneur.
People that don't invest in business that are just investing in their job, you
can do the math on your job and if you love your job and you love what it's
doing for you then you know what? Plan your financial future according to that
job and let it do what it's going to do. Otherwise, business. Now you got to
understand something about businesses. 50% of them fail in their first year.
By year five, 96% of them have failed, right? And so, a lot of
businesses don't work out but you know what? Why are we taking that risk with
our money? Because there's a chance that it can do way more for you than a job
ever could. The reality is, is that we're going to run out of working years and you
can calculate the money, a job's going to pay you and if it's not enough, it's
guaranteed broken and you know that now so you need to do something different
and for a lot of us, that's entrepreneurship. So just be thinking, how
do I set money aside for the right business when it comes along that I can
act on it. Okay, number seven. What should you spend your money on? Other
investments. This is really really big, I got this from Tony Robbins as it is ten
thousand dollar business event and Tony was teaching this principal. He's like,
investing in business is investing in you. Investing in whole life is investing in you.
Investing in real estate, that's investing in properties outside of you.
Investments that are outside of you can have a way higher likelihood of working
out than investing in yourself. You may not be the best bet. Right now, I met a
kid who in the world has taken a hundred and twenty thousand dollar prosthetic
and figured out how to take it to market for $5,000 through 3D
printers. That's taking amputees and giving them something. Just for a moment,
think of that incredible innovation, think of the value it's creating. I could
have never come up with that so investing in other people, that's one of
the wealth principles of where I put money is, I don't put it all on me.
I'm not the smartest person, there are smart people that are out there. Some
people are incredibly smarter and I'm going to take a bet on him, I'm going to invest
in them and I'm not going to put all my eggs in one basket. Here's number eight,
invest in a mentor, educate yourself. Wisdom, learning,
knowledge, you got to grow. If you are operating today off at yesterday's
operating system, last year's operating system then you're going to get this
year the same results as last year, right? Like for example, some people during the
holidays put on weight and then during spring they take it off and then they
maintain through the year and then they do the same crap over and over again.
Listen, it's a pattern. You're not changing the operating system. You might
be changing the strategy or the diet but let's be honest, you're not going to get
permanent real lasting change unless you're really introducing some very
different elements and mentor that has lived a vastly different life has
already created what you want is a good person to look towards for hey, help me
break my patterns, dissolve them, annihilate them and then move on with
something more productive. Invest in yourself. The real estate between your
ears is always going to be the best investment you can make which is why
some people will actually say, "Hey, Kris. Can I hire you to teach me how to do
lease options? Will you show me how to partner? Will you give me access to your
nationwide deals?" I do all of those things when people click on the corner,
they go to my website, these are tools that I give them but that's the only way
that I know how to help you and there's other people that know how to help you
in their ways so invest in yourself. Number nine, it's going to surprise you a
little bit. Invest in experiences, right? Buy experiences.
Maybe it's doing hell of snowboarding, hell of skiing or maybe
it's going off and traveling to the other side of the world,
maybe it's having some some crazy, you know, and by the way, you don't have to
pay lots of money for crazy experience but you got experience life novel and
new and fresh and keep it hip and happening and you do that by investing
experiences. My wife and I first got married. I come from a line where my
parents would argue about money and my mom would always tell my dad, you never
took me anywhere. I'll tell you something, you have the ability to break whatever
patterns you don't want to be seeing happening if you take action on them
right now and my wife and I we decided back in 2003, we first got married, we're
going to start off this marriage and we're going to blow our entire tax refund and
we're going to go to Cancun and we did. Since then, we've been able to visit
dozens of other countries around the world and see the world. We've made it a
priority. Traveling has expanded my views of the world, has taught me so
much. I've learned so much and I've experienced so much. Don't just be the
hoarder that's putting it all away that isn't actually getting the experience of
life and there's a way to get a little bit of that every single day so for me,
that's what I love to invest in. I love to invest in experience. I want to
see what I haven't seen, I want to smell what haven't smelled, I want to experience
what I haven't experienced. That's number nine. Okay, and number 10 goes along with
it. Purpose. What should you buy by your
purpose? Now I'm not saying going to amazon.com and look up what's my purpose
and then check out, I'm talking about get clear everyday a little bit more on who
you are, what lights you up inside and pour money into that. By the
way, whether that's consuming money or whether that's investing money. Again,
that's about fulfillment. What are the 10 things for you to have a
fulfilling life, not just a smart investment life or a you know, I'm a
building wealth life. I'm talking about a good life, a happy life, a rockstar life, an
amazing one. Invest in your purpose. So everyday, as you just ask those
questions, who am I? What am I learning? What are the bread crumbs? Don't wait
till it's all revealed because I don't know if that'll ever happen, it's not
going to come out on on tablets but today, you know everything that you need to
know to take action with your purpose. When? Today. So invest in your purpose,
your purpose might ask for money here or travel here or go here or do this or buy
this and you know what? At the end of the day, I don't want to take a pile of money
to my grave. I want to take a full life to my grave so friends, those are my top
10 things that you should buy. This is a wealth channel so it's money-centric,
it's wealth-centric but ultimately, it's about taking this one amazing life and
living limitless, this is your masterpiece life. Only you can make it a
masterpiece and I believe that these 10 musts will help make that happen and
those my friends are the 10 things that you should buy. I hope you enjoyed
watching today's video, we got a lot more coming your way. Make sure that you do
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remember, if you're interested in how you can implement some of the options you've
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about that, then make sure you click the link, come on to our website, we got all
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