Hey what's up YouTube. Kris Krohn here
and today I'm talking about the feeling
that you get when you're making a residual income. Dude, it is one of the
most amazing feelings. It's something I never take for granted and I want to
share how you can get your own piece of the action on it.
So before I had residual income, I had debt. I had a lack of direction. I
didn't know how it was going to produce the money to take care of my family and that
was really stressful for me. I also had a job that I didn't like and I wasn't
making very much money in truth I was making less than $20,000 a year while I
was going to school full-time. So full-time job, full-time - all of that
and on top of that being newly married. So my life if I'm being totally honest
with you, I wasn't terribly happy and what I hated was how hard I was working
and then the little bit of money I got at the end of the month. It's like it
just poof! It disappeared and it would go away and for me, that was like a
really stressful deal. So my first residual income happened
when I bought my first house. Now you probably know I love real estate. I
prefer it to most other things that are out there because I work one time and I
get to capture a huge residual income. Like in the game of MLM, you might have
to you know network marketing. You might have to actually like you know build a
downline with hundreds of people on what I can make in just a single house. Well, I
did my first deal, that first house actually produced a residual income for
me that basically paid for my mortgage. So that was my biggest expense at the
time outside of college tuition and so for me what that meant was that I was
actually able to live for free. Dude, so what that meant was that the $550
that I was paying for the mortgage, essentially got
covered. Living for free and having that $550 leftover
every month, that was such a big deal because it was like the first time I
could breathe. I eliminated my biggest expense and dude, that feeling, it was
amazing but more than that, it gave me hope it said oh my gosh! If I did this
once, I can do it again. So that's what I did. I actually got myself to the
tune of getting my second deal done. My second deal was paying $600 a month
residual income. So, I was living for free, I was getting paid $600 a month and that
$600, the reason why that was so important is because my wife and I had
accumulated $8,700 a credit card debt, and we didn't
know how we were going to pay it down but just between the money that I
was saving from not having a mortgage and the money that I was making on that
second deal, we got out of debt in a matter of a few short months. And so all
a sudden, like oh my gosh! why on earth do people
have jobs? Why aren't people creating residual incomes? Real estate is
one of the best ways that I personally know of how to actually create a
residual income. So that was like when my wife and I sat down and said, alright,
this is serious. We need to figure out how to get to $10,000 a month of
residual income. Kris, you can quit your job, you can do anything you want. And a
few years later, I was 26 years old and I quit my job and that was probably like
seriously that was like the most amazing feeling. Here, I want you to look over
here. In the distance, you're going to see some buildings and just over that tree
line there in the far distance, I used to work in those buildings. That is where I
actually had this job that was paying me not very much money but what I was
really looking for, was um this ultimate freedom from a job. That's when I knew
that I had to reach select a new level. And after I bought my 25th home, I
surpassed my 10,000 a month. My real estate was doing $12,000 a month and
that's when I basically woke up one morning I said, "Honey, I think today's the
day." And I got in my BMW convertible. I drove over to the office at stat down
with my boss and I basically said, "Hey, listen I'm done". And it actually didn't
go down that way. I asked for like I think like a $70,000 raise, which he
basically laughed at me for and I laughed too. And dude, I was done. Driving
home that day, my hands I was freaking screaming. My hands were up in the air. I
was driving my convertible. I was calling up my wife, my father-in-law, my friends. I
said, "I'm retired, I'm done, I'm out." Which was so weird because I had just
graduated college. But that's how powerful these techniques are. For me
that residual income it is just, it's so powerful, it's been so amazing and right
now it's created all of these years senses. 12 years I've been financially
free. 12 years off of financial life-support and I'll tell you right now
I think I'd rather die than go back to a job. I don't know if I could ever do it
again and I'm grateful that it will likely never have to do it again and so
yeah that's what financial freedom like feels like for me. Now today, the
situation has improved to a whole another level.
And yesterday I was sitting down with my boss and I engaged him and seeing if he
wanted to do business with me. And dude, it was just coming full circle in such
an amazing way. Hey, friends thanks for taking this walk
with me. Listen, if you would actually like to know how I became financially
free, if you'd like help with that. all you got to do is click the link over
here on my website and I'm all set up to mentor people. I've got a whole staff and
team. We take you under our wings and the way that I help my father-in-law make
piles of money and my brother make piles of money and thousands of other people.
I'm prepared to help you do the same. All you got to do is hike over the website.
And in the least, make sure that you are a subscriber. Ring that bell because I'd
like to notify you when these videos come out on a daily basis and then check
out some of the other videos that we've got. I hope that they will be a blessing
to you. I hope if I can impart even one... just one principle that can be useful
for your life. Dude, that's what keeps me up in the night. Actually doing this.
Loving on you guys. Have an amazing life, make the most of it. Check out the
resources on that website. We'll see you soon.