You will not believe what Warren Buffett actually said about making money while
you sleep. My name is Kris Krohn, I've helped transact thousands of dollars of
real estate investments for my own investments for my clients for my
business partners. And today, I'm actually going to talk about the reality of
making money while you sleep. Is this thing real? Is it stupid?
Is it hoax or is it something real?
Seriously, making money while you sleep? I mean that doesn't that sound like taboo
faux pas something from like the 90s and now early 2000s? Like, if it wasn't
substantiated by this guy over here, Warren Buffett, who said this: "If you
don't find a way to make money why you sleep, you will work until you die." And
you know what? Working till you die is not necessarily that bad. But there's a
lot of people who have different plans for retirement or for life or what they
want their lifestyle to be like. So, I found out this information when I was in
my early 20s and became financially free in my mid-20s. And it took me about 4
and a half years. And today, what I want to do is I want to share with you 3
different approaches to money and figure out which one of these would be the best
way for you to make money while you sleep. In general, there are 3
investments above all that I really believe in. And I'm going to... What I want to
do right now is I want to talk about each one of these. And as I do, figure out
for yourself. Like, what do you really connect with? And what I want to do here
is I want to talk about the stock market. By the way, stocks means 401Ks,
annuities, IRAs, mutual funds. Those were all the stock market. S&P 500. Then, I want
to go opposite and talk about real property by talking about real estate as
an investment. Like owning homes, renting them out and making money. I've done
4,000 homes. Almost a billion dollars worth. So, I've
got some experience than that. And then I want to talk about business. Because
owning a business is also a fantastic way to make money while you sleep if you
know what you're doing. So, in comparing these 3 things, what I want to do is
I want to evaluate them from a little bit of a different perspective than I
think most people normally would. The first one is, here's what I love about
the stock market: The positive is that if I were to like create for us like
a little graph. I would say, the first thing that we could judge
these investments on is how passive are they? So, if you take a look at the stock
market, one of the things is beautiful about it, it is passive. You can put your
money in a 401k and you don't have to wake up tomorrow and then at 3 o'clock
in the afternoon, do something to like service your 401K
or your IRA or your stock portfolio. So, it's passive. Real estate can be a job
but it certainly can also be passive. And business, it depends on whether it's
passive or not. The reality is most people work a business like a career,
like a job. Not as a business owner. As an "I own a business and the business makes
me money." So, a business, I'm going to put a big maybe here because it can be... But for
most people, it's not. So, I think it's important to have that awareness. If we
take however a look at how active are these things, the stock market, it's not
active at all. Real estate can be active so I'm going tO
put them maybe there. But business is usually active. It requires activity. I've
got to do things on a regular day-to-day basis to produce a result with it. The
next two things to help us really discern which one of these is going to
be best is I want to talk about high ROI and I want to talk about low ROI. ROI
stands for return on investment. Here, we're evaluating essentially time and
here were evaluating results and money. So, when I talk about high ROI, the stock
market is not going to produce a high ROI for me. It is going to produce what I
call a low ROI. I'm not talking about how it did this year. I'm talking about its
10-year and 30-year average. Because the smartest people on the planet are not
able to play the stock market successfully. So, the best way to play it
is to say, "I'm in it for the long haul." And your ROI is are going to be under
10%. They're going to be single digit returns if you play in the stock market.
Real estate done correctly is easily a double-digit game. So, I'm going to call that
a high ROI. These ROIs can double every 10 to 20 years. These can double
every 3, 4 or 5 years so this makes a lot more money faster than this
one. Business on the other hand, it could actually produce a high ROI. So, I'm going to
put a maybe there. And it could also definitely produce a low ROI. It just
depends on how business is run. So, I wanted to map this out for you because
what I want to show you right now is.. Now let's analyze the data and basically
say, "Okay, Kris. Which one of these is best for making money while you sleep?"
Well, first of all, we need the one that is passive optioned with also high ROI.
Stocks is passive but it's low ROI. Real Estate is passive but it's high ROI. So,
you know what? I've got a huge winner in real estate as long as I'm doing the
right thing. And I'm not going to play in the stock market. At best, can use this as
a form of diversification but I'm not gonna make a lot of money while I sleep
here. Business is 100% the other place that if you do it correctly, you do what
Tony Robbins calls being a business owner. And a business owner as someone
that says "I'm in the business, I don't run the business. I'm not in the
day-to-day. I've delegated it. Someone else runs it and it makes me money."
Super, super lucrative. So, between these 3 when you're asking what should you
be interested in real estate and business weigh out the stock market very,
very much. So in comparing and contrasting these, really the question
then is "How do i implement that? How do i take action on that? What does that look
like?" And so, here's a couple of things: Number 1, I've lined up a video for you
on how I became financially free at the age of 26 through this. And then, I've
created it over and over and again through this. So, if you want to watch
that video, it'll do that for you. The other thing that I want to do, is I
also wrote a book on business and real estate how I became financially
independent so early. And I decided to give the world my strategy. I didn't hold
anything back. I didn't just say, "Hey, I'll tell you part of the strategy." I said, "I'm
just going to outline it all in a really simple easy to read book." And so, we've
done that now. This is available as a free gift for you. All you got to do is
cover the shipping and then my team is sending it out to you. And hopefully, it
ends up being a tool that can help you figure out really the ultimately the
answer of this question. "How do you make money while you sleep?" Because if you
can't figure out how to make money while you sleep, you are going to work until
you die. Hey, thank you so much for watching today's video. I really hope
that you've appreciated it. Do me a favor. Give this a thumbs up if it was useful
or helpful. Or you pointed you in the right direction, comment below. Certainly share
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my free book or seen this next video here on exactly how I did
it, click the link, watch the video and we'll see you on tomorrow's video.