If you want to be successful in life, you've got to line up your financial
ducks. Today, I'm in this video, I want to share with you eight financial tasks
that you should complete by the age of 30 and it's going to set you up for a
way better financial life.
Before I share these eight with you, I do want you to understand what's in my
brain and why I do what I do. I want you to understand that I'm super biased and
it's all towards you becoming a multi-millionaire. A lot of people think
that that's a lot of money. But in my experience, millions of dollars is not a
lot of money. And with today's technology, it's way easier to create than ever
before. But not if you're just leveraging society's boring lame game plan of like
work for somebody else for 40 years. So, instead what I want to do is I want to
share with you my 8 financial tasks that can set you up for a brilliant
financial life. And many people watching this video are under the age of 30. So, I
want to share with you 8 things that you should do before you turn 30. Okay,
the first thing that you should do before you turn 30.
Number 1 is you have to have a million-dollar game plan. Now, that may
not be because you want to be rich but that is because $1,000,000 at 10% equals
$8,000 a month residually. And the reality is $8,000
a month is not a lot but it's a hundred grand a year. And that's enough
for people to live comfortably. Now, by the age of 30, you don't have to have
made a million dollars. Although I can show you how to do that. More importantly,
it's that you understand, you need to have a game plan. If you don't have one,
then you're following society's plan. I'm telling you right now. That plan is going to
lead to crazy disappointment. One of these days, you and I, we're going to be down
in the grave and what we built this life may not matter that much anymore to us.
But I'm telling you that that graveyard it is filled with unfulfilled dreams.
It's filled with broke people, it's filled with people that never amounted
to much because they never had a plan. No plan? No plan? Means, you plan to fail. So,
number 1, have a million-dollar game plan. If you don't have one of those,
check the link in the description and I'll actually give you my million-dollar
game plan for free so you can check the box and say, "Hey, I got it."
By the way, if you're over 30 you can still play catch-up, it's okay. Number 2,
pay yourself first. Now, if you're watching this video and you're young, I
may have caught you in time that sometime between college and getting a
job, you realize, oh, my gosh. After college, I get a job and I start making a lot
more money and what I want to invite you to do is to make sure that you are
saving a lot of that. Because remember, in college when we were poor, we were living
off of very little money and ramen noodles just because you're making a lot
more money, doesn't mean you should spend it all. So, I want to invite you to
actually create a concrete... Before you're 30, before you're into like
marriage and family and kids and commitments, I want to challenge you to
save 30% of your money. I want you to pay yourself first 30%. Which
means that when you step up into a way better bigger career and a better career
that you actually don't just increase your lifestyle. Actually save that and I
want to share with you why. If you're the average Joe out there just making
$50,000 a year and if you saved 30% of that that happens to be
$15,000. And that's important for what I want to share with you next. Item number
3. I want you to take the money that you're paying yourself and I want you to
put 80% of that money into real estate. Now 80% of that $15,000 a
year that goes in guess what? That's $12,000. Do you know why I want you to
put $12,000 of that into real estate every single year? Because if your real
estate, this is important I want you to really get this because I'm really
bringing it home right now. If your real estate is earning an annual ROI of 10%
then in 23 years, you'll have a million dollars. If you're actually, if
you're in my private real estate investors Club and you're doing 20%
more plus a year, when you're doing 20% on real estate, in 15
years, just under 15 years, you'll have a million dollars. Now by the way, I show
people how to do it a lot faster than that. That's kind of like for the long
haul. But you know what? Before you're 30, if you have a million-dollar game plan,
you are setting an aggressive amount of money aside and putting into real estate
than the reality is when you're still young, when people haven't even started
planning for retirement, you've already made a million dollars which means what?
$8,000 a month residually. You can quit that job or you can do just to have more
money in the bank or accelerate and go faster and do what you want with your
life. Number 4, you're young. You could buy a lot nicer car when you're single
and just out of college but what I want you to do is I want you to delay
gratification on the car. I want you to buy half the car that you normally could,
okay? You don't have to have a Lexus or a Mercedes. I mean for some people that's
ego and that show-off. And I'm not saying you can't have those nicer things. But
I'm telling you that when you're young, go be smart, go be brilliant. Go take
that money and be the freaking smart person that says, "I'm going to invest the
difference on that money that I'm saving and I'm going to grow it into something
really amazing." Do this before the age of 30.
Create a pattern for your life and then guess what? Then you can drive
Lamborghinis and Ferraris and have the nice stuff later
instead of never having them ever because you settled for a Lexus today
when instead, what you got to be doing is delayed gratification on that car. And
number 5 your life style on your house. Buy less house, I want you to lower your
lifestyle just because you make $50,000 a year doesn't mean you should spend
50,000 a year, If you're making a $120,000 here that
doesn't mean you should spend $120,000 a year.
That's Parkins law. That's what unconscious, untrained financial people
do. Subscribe to this channel and fill your head with financial smarts so that
you can do these tiny little things on the side and totally set yourself on a
totally different track record for where you want to go. Number 6. This is really
important. Despite what people have told you, I want you to get 3 credit cards
and I want you to keep them paid off. Now, there's a lot of misperceptions about
what to do with your credit and how to actually train yourself in life. But
here's what I want you to understand. Credit is really important. I get
millions of dollars in debt from taking the bank's money and I put it into
assets that produce all of this money for me. And so I let other people's money
work for me. It's called OPM. Other People's Money. And the only way you're
ever gonna get significant amounts of OPM. Should you ever want it one day is
if you first kiss your responsibility with 3 really basic stupid credit
cards. It's got to be 3 because some banks won't work with you if you only
have 2. You got to have three lines of credit that revolve. That's 3 credit
cards. Now, I'm not telling you to go into credit card debt. What I want you to do
is buy your groceries and get your gas and I want you to put a couple hundred
bucks here, here, here and then pay it off every single month. Keep it paid off. You
got to have that track record for at least 2 years before a bank will take
you serious. So, that's why number 6 is I want you to get 3 credit cards and
I want you to keep them paid off. Be super responsible with your debt. Number
7 here is actually really big. This is something that can set you up for
crazy success. I want you to buy 2 homes that you live in. Meaning, with the
bank you can put 3% as a down payment which is small. On a $200,000 house,
that's like $6,000. It's small amount of money. I want you to buy a house and if
you're single, get some roommates, have them pay the mortgage.
But then in 2 years, what I want you to do is I want you to move out and do it
again. Now, I get it some people like, "Oh, moving is the worst." But that first house
becomes an investment property. And if you bought it appropriately, you can rent
it out and now you're making a cash flow. Or you're doing my lease option system,
you're making $500 a month, 5 grand up front. In tens of thousands of dollars
when you sell it. Here's what I'm telling you. Become an intentional investor
instead of an accidental investor. When you're young, you're going to buy a house
and then when you get serious about life, you're going to buy another one. I'm just
telling you to do it a little bit different so that you can do it
intentionally. Buy a house that would make a great investment property. And
besides, dude, it in real estate, you normally got to put 20% down. It's like
40, 50 thousand dollars. Here, our banks give you a little shortcut. You can put 6 grand
down and come into a house. That's why I want you to pay yourself first. I want
you to put it into real estate. We're going to freakin set the world ablaze, it's
going to be awesome. I want you to plan before the age of 30 to have 2 houses.
And you can qualify for them, if you have got good credit and you got a basic job
out of college, you can buy that house live in it. 2 years later, don't sell it,
Rent it. Keep it and have become a real estate investor. Meanwhile, live in the
second house. And number 8, of all of these, I have saved the best for last. It
is the thing that has impacted my financial future more than anything else
that I've ever done. Before I tell you what it is, I want you to know something.
If you're liking this information you're like, "Oh, my gosh! Kris, this is really
great. But how do I make 10 and 20% on real estate? Or how do I know how to do
some of these things?" Well, I've set up my company in a way
where I mentor people and actually help them teach them how to make great
amounts of money. And so if you click the link in the description below, you can
actually read about what it would look like for me to mentor you and then
actually set you up on a track that whether you have a 15 year game plan to
be a millionaire or whether you have a 2 year game plan to be a millionaire,
dude, that's up to you. But I've got the knowledge to know how, the skills, the
tools, the team to get you there. So, that's something that you can do which
leads me into number 8 which is you need to get a millionaire mentor. Doesn't
mean it's got to be me but you have got to surround yourself with people that
are financially successful. Because if you don't, they'll surround yourself with
your peers. We always surround ourselves with the
people that are like us the most. We always surround herself because that's
where we feel safest and the most secure. Those are the people that will validate
all my insecurities, my inadequacies and the things that I do well. So instead,
what I want you to do is I want you to get a financial mentor.
And I'm not talking about a friend that does well or a parent that's been a good
saver. I'm talking about someone that is already a bona fide millionaire. They
think different, they act different, they quack different, they talk different. They
look at the world different. Here's the coolest part about this entire 8
things before 30. This doesn't have to be your career. This is just managing the
way that you make your choices and altering the way that you think. So, if
you're committed to doing these 8 things, I'm going to tell you right now,
you're going to set yourself up that when you're in your 40s and 50s, you can look
back and say, "Oh my gosh, I'm so glad that I followed that advice." If I never see
you again, it's going to be brilliant for you. But if you want to optimize it, if
you want to maximize it, if you want to see how far the rabbit hole goes then
click the link below and let me take you on a journey that can get you where you
want to go heck of fast.