Calling all young people and teenagers. Today, I'm bringing a couple of buddies
on to talk about how do you actually prepares a teenager for crushing it in
real estate. Listen up teenagers. School is in session. But hands down, the coolest
school you've ever been to. Listen, we got so many young people on this channel
wanting to know, "Oh, my gosh. My parents say, am too young. My friend Sam too young. The
world says I'm too young." But you want to be out there doing real estate. Today's
video is dedicated to you. And I brought to my young buddies on that got started
when they were crazy young like me. But truth be told, I didn't get certain
real estate when I was a teenager. -I was going to say this video feels like it's all
about like what I wish I had done. -I know. I was 22 years old. I was so freaking old when I got
started, man. -These kids from YouTube and I'm like, "That's such a good..." -You are
getting a launch pad of a start whereas I didn't start thinking about this stuff.
-Let's take a step back. We talk about about a very powerful principle of
channel before about compounding interest. -Yeah. -The difference is between
get started 18 versus 28 versus 38. Millions of dollars. -Dude, it is millions of dollars a
difference when you get started young. So, listen. Today, what we're going to do is in
the short video, first of all, congratulations for clicking and
watching. What we're going to do here on today's video is we're going to give you
the most powerful advice for what you do when you're young. Because what you do
when you're not buying real estate matters when it's time to actually buy.
So, let's... Guys, let's get started with just some ground-floor advice. -The
first thing and I know it's not sexy and I know it's not like, "Woohoo! That's
awesome." But it's education. -Oh, that is sexy. What are you talking about, dude?
That is the sexiest thing that I've actually heard. Serious. These people are
wanted all over the world of finding this and getting my books and reading
they're like, "I'm ready to do real estate." Now, dude. -Get the right education.
-Sure. Guys, you're not going to get this knowledge in college. You're not
getting this awesome professors. -Some reason in school, they just are very
afraid to talk about personal finance... -And personal development. -Yeah. They're
very afraid to talk about things because... -They don't know how figure it
out. You kidding? Teachers are some of the worst people on the planet. What are they
going to do? That's that'd be purely hypocritical to
have our educational system teach on money. - Let's not throw them under the bus.
-No, no. They're wonderful people. They're a
huge part of Society
for other people. -You can't lead where you're not going. -Right. -If you want
to learn about how to be successful, you've got to learn from people who are
10x beyond where you want to be. -Boom. I do, I like the way you said that right there,
Chris. Because my very first mentor, he had made 10 million dollars and lost 10
million dollars and then remade 10 million dollars. And I remember telling a
buddy about that. They're like, "Why would you want to learn from that guy? He went
bankrupt." I'm like, "Exactly. He can teach me how he made it and then he can teach
me what not to do." You want to learn from people that are out there doing it. Which
by the way, if you're a subscriber and you're subscribed on this
channel; And if you haven't ring that bell, this is a place where you go to get
that education. -Right. YouTube is a Phenomenal tool. -Education is awesome but I
also want to ask something that may be a little offensive. -Let's ruffle some
feathers. -Yes. Now, I've got to ask you right now. As a teenager, why do you want to do real estate?
Because if the answer is because you don't want to work, get out. Right now.
-Dude, that was harsh. That was harsh right that. -If you want to be successful
in real estate, step 1 is you've got to be willing to
do the dirty work. Step 1, is let's just be honest. There are some firm things in
place that if you want to be an investor, you need to... Guess what you need? 2
years work history. If you want to go finance credit on your own
time. -Let's talk about credit real quick. If I can jump in. Because
that's another thing. I can't believe that I graduated high school without
knowing some of these things like... -I know. It's wild. -That they said, "You..." -Never once.
-...into the world and they don't even talk about it. And then I'm like, "Well, really.
It's probably the parents to blame as well for not teaching kids because
parents... -But can you blame parents if they don't even know what either it mean? Guys,
the reality is it's the blind leading the blind. You've got to find a
way to break that. -For example. At what point do you start building credit? You think if your
parents hand you a credit card today and you're 16, are you building credit? -You're
building or more likely destroying your parents credit. You want
to build your credit, it starts today at 18. -Start at 18. -There are cheaper ways, they're
more expensive ways. Let me tell you the more expensive ways. Buying a car. Tell you
a cheaper way. Get a single credit card, very low balance. And what you're doing
is just proven that you can use it. -Pay it off over and over again. -If you're
running a balance, you're doing it wrong. -I mean, let's get
super clear here. What is credit? Credit is a tool used to determine whether or
not you can borrow money and pay it back. -Yeah. -That is what credit is. -And dude, listen.
People abuse it all the time. They're going in buying stuff that they can't
afford or they're buying stuff wanting to advance themselves things that they
can't buy yet but in the future we'll be able to maybe afford. And they're trying
to have it all today. So by the way, I just want... I'm still really in my mind
from your comment earlier about like, "Get out!" The reality is we're giving you a
list of things that some work here. And don't be one of the Millennials that's
like, "I want everything for nothing." Be one of those Millennials that says, "Wait
a second. I'm known for having done so much more than everyone else because I
was smart." Now, we're not saying work harder. We are saying work smarter and
work is the underlying word there. -It's what that story? The the Little Red Hen. It's
delayed gratification. It's work now, so that later you can have it all. -What's that story? Is that
the wolf come in and eat the hen or so? Is this the sky is... -Harvest wheat every day,
she's growing... -Harvest weed everyday? -Other farmers... -What's happening right now. -...on the
farm don't want to help because they just... And then when she makes the bread...
-I've never heard this one. -You've never heard the little red hen. Go check it out.
YouTube it. Little Red Hen. -The little Red Hen. Guys, be the little red hen. But
the biggest rooster, the biggest rooster in the house. -Funny way to build revolving credit
is important. -Thank you for keeping us
focused, Chris. -The other thing they need to know is revolving credit
that even is called installment credit. I'll tell you
right now. There are cheap ways of doing it and an expensive ways of doing it. Buying a
car. You know, if you walk in the sales rep, I mean the wonderful car salesman
sales. You need to build your credit. -Here's some mustang. Get off a
lot. -There are ways to do fully collateralized loans at 2% or 3%
interest versus what you're paying on that car. On a balance, is size doesn't
matter. The way I did it is I went into my current local credit union. I did what
I called the world's dumbest loan. I'm going to give you $500 so
you can give me $500 so I can pay you back $20 a month and get
my $500 back. It was the dumbest thing in the world but I built the same type of
credit to pay the same type of installment. -So you're saying this is
smart. -It looks on paper stupid. What it does is proves to the bank that I know
how to make a set amount per month on a monthly payment. Have
you established the habits of life to make me want to lend you
money. -So, check it out guys. We've given you 2 piece of advice. I'm about to
drop the third. The first 1 is there's going to be some work ethic here when it
comes to education. You want to be educating. Watch my videos every
single day and learn from someone that has done not 10x, But 1000x. And
the second thing is get your credit established. Here's number 3. Dude, I
could not... I did not choose to buy a luxury item for the first 4 and a
half years that I started on my journey. My first 5 years essentially was all
about save, save, save. So, rule number 3 is P-Y-F. Pay Yourself First. You're
not getting a job to pay your bills. You're getting a job to have leftover
money that you can invest so that when you have the period of time where you've
worked hard, there's a period of time when you don't have to work. That's
really what this is about. This is about empowering you with options that you're
not going to have unless you freaking get smart. And if your parents aren't rich, if
the people around you aren't rich, you can't take advice from them.
So, yes. Educate. Yes, get your credit. But number 3 is that when you get a job,
here's your goal: Save as much of that and pinch it because you're going to put an
investment. And then your money's going to work for you. And then instead of you
working hard, now your money's going to start working hard for you. -Let me
piggyback on that for a sec. The power of my 2'0s... Looking back in my
investing life. I got started when I was 23. I had an extra decade because in my
early 20's I saved up enough for my first investment property. -Yes. -And that single
18k at the beginning I was able to invest, that is the seed capital that set the rest of my life. -Dude.
Dude, dude. Let's just get crazy for a moment. I know you don't want to share
this. But I'm going to put you on the spot and you're going to feel like you have to. I
remember at one of our recent events this last year, you had a good day. You
had just sold one your properties and you got a really massive proceeds check.
How big was it? -115 k. -Boom! He said it on camera. -Dude, $115,000.
What'd you do with it? -It's a clapper. I bought 2 more properties.
-Dude bought 2 more properties. -You didn't go buy a Lambo? -He's not
Lambo guy. I don't know. We know he's a hog guy.
That 18k turned into... -And that was just a 1 deal. -That
was one deal. -That is what beauty of real estate, is the money never goes away.
It's like the house is a piggy bank and you just put it in it. And if you sell at
the right time, you gather all that. -Your 20's, you're making so many cool decisions.
What you want to do with your life, how you're going to exchange because you will
your time for your money in the beginning. -Yeah. -But let me tell you this.
You talked really about paying yourself first. -Yeah.
-Imagine for a sec you guys at home. You wake up, you're 20. You begin working. You
begin working hard to get busting a. Now, you fall asleep because everyone does in
their 20's. And you wake up in your 30 and you've got nothing. -You just
bomb a freaking decade. That's what happens if you don't pay yourself first. -Most
people are good at flush in decades. Listen guys, you've gotten some great
advice here today. For you young teenagers, I want you to understand
something. You can also buy a home as a teenager.
You can get a parent involved walked in this channel. And here's the last piece
of advice that I want to give you. Books have a lot to teach you. Click the link,
get one of them for me. Videos have a lot to teach you. Subscribe. Watch them every
day. But here's the most powerful thing that you can do. The most powerful we save
for last is that you need to cultivate a mindset
unlike anyone else on the planet. You want to develop an emotional fitness of
financial mind and the ability to break through any limitations so that you go
beyond working smarter not harder, doing more than anyone from prior generations
has ever done before. The best way to do that is with it
something we call proximity. Get proximity to me. Come to one of my events
with all of my experts, my whole team that's there. And if you click the link
below, you're going to find out what my next event is. And you're thinking, "But Kris, I
got school." Yes. And this is a more important school. "But Kris, I'm too young."
You're definitely not. "But Kris, I take it cost a few hundred bucks or whatever
it is." It's one of the best investments you will ever make. In fact, you bring
your parents, bring your friends we have young people coming out to our events
all the time. And what it does is it changes your trajectory. In other words,
go seek out the real education you need for what you want. Because if you're
saying, "I want to invest. Then you got to get hip-to-hip buddy - buddy
belly-to-belly." and any of the other metaphors. See the whites of my eyes. You
got to get physical with the people. Get in their airspace that are actually
doing real estate. So, you make it a goal. I'm coming to the next event. And if it's
during school, skip school, play hooky and come to get superior school.
I did say that, parents. I did. -The last thing I wanted to say is the thing about getting
your mindset straight even if you're young and your fear... You have this fear
that I'm too young to do this. If you start taking yourself seriously
start being disciplined. And start showing initiative.
And promise to your parents, friends, your aunts and uncles, they will all suddenly
be like, "You're Maturing" -Yes. -And then when you come to them with these crazy
ideas of I want to buy real estate, they'll be like, "Well, you have matured a
lot over those." And really it's just getting your mindset right. -Let me tell
you a quick story about my partnership. My first one. I have an aunt and uncle
who saw me going on my real estate journey. Awesome people.
My aunt pulled me aside one day and said, "Chris. I love you. You're more responsible
with money than my husband is. Here's a check with 50k. Go to real estate." -Wow, dude. What's up.
How old were you at the time? -I was 23. -23 years old. -That's what you want.
You want something to come to you and be like, "You're more responsible than my husband.
Here's my money." -I love that, dude. Listen guys. you've gotten... You've
been fed today. Hopefully with some great advice. Just know this: We see you. You're
out there and we believe in you. We know that you're the future of crushing it
and nothing will make us happier than seeing you absolutely on your journey
crushing it. Understand this final thing: Whether you're learning about real
estate in preparation, whether you're saving money in preparation or you're
actually buying your first house, they're all the same important. Every one of them.
It's not the moment you buy a house. The moment you decide you're going to be
an investor is one of the most important moments when you start your journey. So
get to a live event, read the books, watch the videos, develop your credit. Take the
advice that you got here. And trust me. You decide right now, you will be that
multi-millionaire. Just give it time and it's gonna happen. Guys, thank you so much
for watching. Guys thank you so much for being on here. I appreciate you guys. Listen,
subscribe, ring that bell. Make sure you click the link. Come to one of the events
or get a free copy of my book or free consultation. Listen, you may not be a
teenager. You might be older wishing you were a teenager saying, "I wish I could go
back when." But the reality is you here today and there's something you can do
about it now. So, click the link, take your action steps and we will see you on
tomorrow's next video.