How Do I Create A Personalized Million Dollar Game Plan?

Today’s conversation is going to be fun.
I meeting with an older couple that found me. Their sons a big fan on YouTube
so they decided to come check me out. And bottom line is they’re kind of a situation where they
want to know financially what they should do. They’re requesting your game. So, I said, “You know what? Come in the office you don’t mind like getting
financially naked.” Which I think they probably do. We’re just going to have a
conversation and just want to grab this real quick. But coming up next: “What does
it look like for me to step into their shoes, maybe your shoes and create a
financial game plan?” How would I make a million dollars if it was you? Let’s find out. What would you guess that your home is worth?
-Almost 400. -And roughly what do you maybe owe? -We owe currently 245. 145! 145. -Awesome. -Do you
like your home? -We do. But we’re empty nesters now. So, an option that I was
thinking of is downsizing. Because we don’t need 7 bedrooms. Is that what it is? 5 bedrooms. I’m a little bit…
-Good enough. Any other assets that you… By the way, this is great. Because have done
a great job even working like you’ve been you’ve been hard working. You’ve
been responsible. You’ve being pretty many way. You know, my guess is
for your age, you’re ahead of the curve from where most people as. So, by the
way, that’s awesome. I mean, I’ve done this with thousands of people. You guys are
doing great. Any other assets I should be aware before you start playing? -He has a
7702 plan which is that he puts in for his retirement and it’s… And so, that’s
the one that’s non-taxable. It grows tax-free and when that matures… I don’t
know, there’s going to be quite a bit of money in that. -Is that money that you’re going to be able to access? And do you how roughly how much that is? -No. [All laughing] It’s fairly new. -They
didn’t like the last 10, 8 years… I think? -So, 200 a month. 8 years.
24… 16 thousand maybe? 16,000. And I’m going to call it… -It’s a 7702 plan is what they entitle it. I’ve never heard one of those before. But listen… -Hey Tony Robbins talks about that. It’s always a little bit uncomfortable to get financially undressed. But you know what? I just want to tell you
with this I now know how to play and how to create. And so, these are
perfect building blocks. What I want to do right now is I’m just going to start for
another number of options. And it’s going to fill up, throw up. And most people
have an actual gut impulse. So, “I love that, I hate that. Why would I do that?”
Just because you spent your entire life building a filter for which you make
financial decisions. I have built my entire life building a filter that
usually is so different from other people that the options are just not on
anyone’s radar. They just lot of things they don’t even know that they can do. So,
I’m going to… I’m going to play with it. And I’m going to give you all the
options that I see. Now, first of all, you got great income and you’ve got great
credit. So, the question is, what can you do? What are some of our options? If we were to cut out all
this up, you probably have somewhere around probably half a million-dollar net worth. So, when I say “good job”
for your relative age, what I mean is a lot of people at your age have not
set half a million dollars. So, you’ve been responsible. You’ve done a good job. Now, we have to
say, “Alright. First of all, if we don’t figure out how to accelerate things, what
does happen at retirement?” Right now, $120,000 you
already make, how much would you guess that you live off of versus saving? Just guess. Are
you check the check? Like there’s only barely enough or “Actually we only spend $60,000 of that.” What would you say? -So, I’m thinking since last
year I worked part-time teaching. And this year, full-time. So, I have twice the
salary. So, last year, it was pretty much paycheck to paycheck. It was like we didn’t
have a whole lot of extra. But I mean what we’re putting in. -So, you guys have some extra income now… -So now, we have… Yeah. So now, maybe $2,000 a month extra. -Okay. So, do you think it would be fair to say that you are probably living off maybe 80 or 90 thousand dollars a year? -Yeah. Does that sound about fair-ish? Okay, cool. So, the first thing before I create some options, I always like to ask “Do we even
need to see options?” And I just almost like to have that reality check moment. I
had this when I was in my early 20s. And I had been on the phone at this call
center interviewing people all day long who are in their 40s and 50s. Most of them
actually went to college, had good jobs, had good credit and had been consavers.
But when I would talk to them in their 40s, they didn’t have too many
worries. When they were in their 50s, a lot of panic started setting in. When
they were in their 60s, they felt trapped, late and too late to the game.
By the time there are other seventies, there were quite a crotchety individuals.
The reason why they’re crochety is because if they had saved up a half a million
dollars and were accustomed to a $90,000 a year situation in a retirement.. If you were to
retire in this moment, you got maybe 5 or 6 years worth of money. -Right.
-After paying taxes and everything, you might have like 4 years of them. And
so, when you look at it, you’re like, “Wait a second. Do we really want work forever?”
Right now, there’s a good saving mode. But I’m going to ask you, when would you
like to retire? If I were to make gameplan for you… Like you might love your job. Some people hate their job. I don’t know. Do you guys talk about when you’d ultimately like to be able to retire? -Well, I always had a plan. I wanted to go on a mission with Brent before we’re too old. So, I was hoping like before we were
60 that we would be done. And so, we had like… We only have.. I was personally hoping. I envision that. So, you know…. No more than 10 years from now. -Okay. So, 10 years from now? -Yeah. -With that if you retire 10 years from now, would you be upset, Brent? -No. I wouldn’t be upset. -Alright. -If you have to work longer, would you enjoy worth longer? There’s pros and cons to that. I’m not… I don’t have a mind of… Extra curricular activities in my life. -Okay. -So, it does give me purpose. it gives me… -You know what? It’s good. -It really does. I have this in a period in time developed other past time. -Yeah. Alright. -We’re working on that. -So, you’re lucky break right now? 87% of people that do work do not like what they do. You get purpose and passion from yours so like… That’s a big thumbs up. That’s positive. Let me pretend and just play as if we have shorter fuse and you wanted to have certain level of financial stability retirement. And really that go for you guys is you really got to find a way to get to $7,000 a month of residual income to really have ability to like, “Hey, if we want from a job at least all our bills we can cover.” does that math makes sense? -Yeah. -So, here’s some of the first things that I see. And this is like, this is the game now. This is so fun for me because you guys have wonderful life. But I’m not you. So, I’m like if I woke up as you what would I do? So, first of all, let’s just evaluate the
assets and I’m going to play of them. First of all, the 401k from your current employer…
This money is largely untouchable. And you can always ask to see you can do an
in-service distribution. If any of this was roll over from previous employment,
you could use it. You don’t make tax a penalty. But that money, until you leave
your current employment, it’s really not available. You can’t ask for an in-service
distribution. And sometimes there’s reasons. Well, they’ll let me take it out.
So people have actually been able to find some loophole. So, this money even
though it’s real, it’s dead. The next one here is… Well, meaning
it’ll someday… I don’t care about someday. I care about “How can I build the
day?” You see a 401k, most 401Ks are averaging about 5% a year of return. 5%
with the rule of 72 means that it’s going to double roughly every
18-20 years. So, if you look at why you’re retiring in 10. And it’s like, in 20
years ,100K becomes 200K. That’s too slow. And most people don’t know IRA is
less than 5%. It’s in the exact same boat. Your home, you’ve got most your
equity. Half of your net worth is actually stored in
your home. But it was actually losing value of the rate of inflation. So,
inflation is at 3%, the market averages 3% is kind of a wash. But more importantly, this is actually a liability because it
doesn’t make you money. You have to pay to actually have this asset. People say
your own home is your best investment for a store value. Yes. But for producing
income? No. And then of course, there’s the 7702. And this is… I’m going to throw this
in the IRA because this is actually really usable money. So, when I’m not looking
at this, I’m saying, “Alright. What do we ever work with?” Can’t touch the 401K
okay unless you quit your job. But you like your job.
You can switch.. Stay in the industry, switch jobs and access that money. But
if you like your people and what you do, not worth it. IRA, 120 +
16, we’re looking at roughly $135,000.
And if you were to touch this money, you’re going to have to pay taxes and
penalties on it. So, I’m just going to guess. But tackling on penalties or 10%,
I call it a cost of business. That’s the price to pay for using the vehicle that
can’t get you where you want to go. That sounds a little bit crude. But like he said… I don’t care
about stepping on toes. I’m just offering my truth. So, I’m looking at that 145 and I’m saying… Well, if I pulled it out, let’s just say $85,000 was available. That’s paying way too much money in taxes. It’s
probably longer than that. But I’m just being hypercritical to say what do I
have to play with. Primary residence, you could down size. I’m going to play with one of those options. You could go to a bank and ask for home equity line up to
to generally 80 or 90 percent of the value. If they allowed you to go up to 350,
there’s probably in here, some 120 to 150 thousand dollars of usable money. However, if you
use that, you’re going to have an added payment on the house.
So, whatever you put it in, it has to be able to cover that plus more to
actually say, “This is smart.” That makes sense? -Yeah. -Alright. Cool. So, I’m just tearing this whole thing down and saying, “Alright, I got something play with here. I’ve got something to play with here. And
have some fun here. What would I do?” -And so, can i interject one thing? -Yeah. -The other
option that we were looking at is refinancing the home because I can pull
out about that. I can pull out about a 80,000 keeping my payment the same
lowering the interest rate. -Yes. I’m aware. -Okay. -But… -So, just double checking that, it… -So… But let me call on that real quick. Here’s what
most people are thinking. By the way, before I show you whatever goes on this
is natural part of the white board, this is what everyone’s thinking:
“Don’t do that! You’re freaking flushing $40,000 down the drain there, you
are moron.” Because all of your co-workers say that. All of your colleagues. Ee’re all
training to think this particular way which is… This is working. But submit that
if it’s only 4-years retirement it’s not working. So, even though
everyone’s like, “Don’t be stupid, don’t be, don’t, don’t pay taxes.” I’m like, “We’re the
greatest country on the world, in the world,
you pay the goose that lays the golden egg for us. We have huge opportunity unless you pay
tax and penalties.” Same thing on the house. You’re like, “Kris, I can take out less money and not increase
my payment.” That’s the kind of conservative thinking that creates a
situation you say never, going to be enough when I need it to be enough. So,
what I’m about to do is going to look incredibly risky because it’s different.
Things look risky either because it’s different well things look risky because
they have a higher ROI. Tll me right now, 5% will never be enough to get
your retirement. People don’t know this. Nobody’s told that but for me, in the
stock… And I have a copy this I’m going to give you. I documented my last 4,000 transactions. And they’re all documented in here as well
as the atlases that you can look up. The philosophy, the strategy. We’re averaging
annual 25% of our last 4,000 homes. Now 25%, we’ve
been trying to think that 25% ROI compared to five percent must be
what? -Way better. -Is there 5% on a hundred
dollars but is there 25% of $10 is different. Yeah, and you’re also
treating that the bigger the number, the higher the risk. So, it’s bad, it’s
scary. You’re going to lose everything if you were to on
higher ROI. And you know what? Often, that’s true. Higher ROI can absolutely
mean higher risk. But not always. It’s an assumption that shouldn’t be
made as an absolute. So, but here’s what I like about this number 25%. Rule 75 says that “Here I’m going to double my money in every
3 and a half years.” And after a solid closing costs on our property and
things like that, I just round up to be conservative to 5 years. 20 years, 5 years. Ask yourself how much time you have and then you start saying, “Okay. We’ve got
to find way to mitigate risk. We have to find a way to jump into a higher ROI.
Because if we can’t get higher ROI in our last 10 years… We’ve spent
all these years getting to this point. But the last 10 years, we’ve got
to get somewhere. So, what are we going to do? You have some options. You’ve been
waiting for this. Number 1, I like to buy property. I like to buy property
because most my homes are between 25 and 32 annual ROI. These homes also produce cash
flow. They produce growth and appreciation. They also produce tax benefits. These are
my 3 favorite benefits of doing this. Is there risk in doing this? -Yes. -Is there
risk of doing this? This one is no. It’s called not enough. This one actually has
a chance. It doesn’t mean it’s less risk but I’ve done this enough thousands of
times. And in your situation, the average purchase price I buy out a home that you
see in that document is a 143 thousand dollars. The reason why
it’s this price is because guess what happens every 15 years in real estate. -It goes up and down. -So, in 2008, a million-dollar home became… But 140 becomes… -Stable? -So, there’s reason why play in this zone… That is as
recession-proof as you possibly can be. While continuing to earn these. The truth is
what we have a recession, does this number go up or down? It goes up. This is
what I’m earning. But when we have a recession, this gets juicier. When everyone is buying, we’re selling. -Right. -When everyone is selling, we’re buying.
We’re always doing things opposite of the market as professional investors. So, we definitely
want to give you guys more tax benefits. We need something with growth. And here’s the new definition for you of an investment. The investment is something that pays you. This does not, this does not. Rather front loading your more money in your 401K so that you can get the match. Maybe you won’t see for who knows how many years. Take your extra money and make it work today. And you will likely to do that over this than a match. It’s a different mindset, it’s a different thinking. And you should brought some math on it. I think you find this “can be”… I think you can do way better with your own money today than getting a match for someday when you know that the match won’t actually be it. So, looks like free money. But it’s handcuffed. So, I’d rather have half the money today usable than handcuffed the money that I can’t do anything with it. That’s an idea. So, question is how many of these can I buy? Well,
these homes require anywhere from 30 to 50 thousand dollars. Paying me
whether… You know, out of 300 plus markets in the country, I’m buying the top 5. That’s how I get these ROIs. And you’ll learn more with this document. So, I look at this 85,000 and I’m like, what would that price range?
We’re going to work on taking that IRA. Let’s try that in the 3 homes. And if in 5 years, I double my money, how would you feel about that? -Oh, that would be great. -Can I guarantee that’ll happen? -No. -But I have a 16-year track record through not just a recession, through the Great Recession.
The worst we’ve seen since the Great Depression. Because every forthcoming… Every 4th cycle is bad. And that for us is actually means that every 4th cycle is good. The second option that I’m seeing that I want you to be aware of is that if you took $150,000 from your primary residence, that $150,000.. Let’s just say that
that’s enough to buy 3 or 4 more homes. Now, the cash flow bees always get
are going didn’t have to go and pay their home equity line. Or your cash out
refinance. Or another option that I’m about to give you. What am I trying to do
this? I’ll show you in just a moment. This is an “OR” for these 2. Let’s just
say we went to the most extreme. You sold your house and you found
the perfect home that could allow kids to come back home because one else do that. And if by the way, and let’s just say you could find a perfect something that
you really liked. And some of this house, by the way, weird in the time in the
market when the home of this price range which is about 150-180
thousand above the median. You’re in a hot market. Like, you can probably sell us for
a price now that after the next downturn, you’ll have to wait 5, 8, 9
years before you can get to that same price. So, there’s an opportunity to pull
that out after cost, selling costs and everything. Let’s just say that there’s
$200,000 to pull out. That says that after costs are still
$30,000. You guys are delusional and your home is worth $30,000.
With this $200,000, you could go and purchase pretty easily 5 plus homes. Now, you could pull it. I don’t know what kind of home you would want to downsize into. If it’s a quarter million-dollar nice home. Or a 300,000-dollar home or what that looks like. But I do know, we could put 3% downpayment. -S, if 3% downpayment is going to be like,10 grands
depending on this, on the price range that you buy in. And that’s going to free
the majority of your money. -And you’re going to pick up a new mortgage and it’s go be mortgaged up
to roughly its value unless you get a deal on it. But more importantly, you’ve
freed up your as much your run as possible to actually grow this something
for you. So, I’m trying to give you the most extreme scenarios that you can play with. Now, let’s just say that you didn’t want to move and do that. But
let’s say that you did want to access the equity. Buy these homes that use the
cash flow to subsidize this home equity line so that you were getting ahead versus behind. I’ve got a total of 6 possible homes that you could get. And
here’s what it looks like: If 5 years from now, if we start with 6 now, 5
years from now, 6 could become what? -12? -Yes. Because the goal is to double over 5 years.
12 homes. 10 years from now, 12 can become what? -24. -12 could be 24 homes.
Ironically, 24 homes is what I have –25 homes. That’s what I didn’t 4 and a half years
because I got really aggressive. I’ve got a fourth option that I show how you can be
crazy aggressive. By the way Lory, you got a really outgoing personality. Both
you do. I think show you how to make money with that. The majority of money I make is
not because my assets. I’m only showing you how to make
money with your assets. You can make way more money with what’s in here and how you connect with people… Money takes time to earn and save and set aside. And so, I’m going to show you a
conservative game plan. That’s what this is. Or I could show you an aggressive game
plan. Alright. 24 homes. Let’s say that you want make a cash flow
heavy on these homes. And we’re focusing on homes that pay $400 a month each. 24
times 400, what is that math? That’d be 4 thousand, 8 thousand, 10
thousand. 10 thousand dollars a month. Now, our conversation was if we get the 7,000 a month,
we can maintain our same lifestyle but have the option of meeting our jobs. When
I have that… I left. I had also time for hobbies and guess what? I got better making money. But not working. Not working all of that full-time stuff. So, whether this
number is high or whether this is low, the first thing that I want understand
is that in 10 years, you have options. There’s things that you can still do. All
the years you’ve worked on this point and all the good that you’ve done here,
there’s something that you can do now that can actually get you to that goal.
Everyone always has the very first goal of how do I replace my current financial
lifestyle with my assets produces in returns. So, I think it’s the first thing to
understand is that you have options. But now you might find yourself saying, “You
know, we really like this house thing so much. We want to go faster.” How can we be
more aggressive? Because I think, Brent you married an aggressive woman. So, this fourth option I want to share
with you is before I share exactly what it is, I’m going to tell you just a short little
story. After I had bought my first 3 homes,
I wanted to buy more but I was trapped. I had to wait for my homes to mature so I
could buy more. And I had… I just had all this anxiety about I want to faster, I want to go faster. And so, I built something that I didn’t know that I had. I was starting to
create the beginning of the track record. And my father-in-law took note of that. When I
bought my very first house, he thought it was nuts. Because I was 23. And I’m like, he bought his first house when he was 29. So, just by
comparison, that’s like, “Oh, this younger generation always want everything worse in a faster way.” Truth. but when I bought my second home, like… I
think he was irritated. When I bought my third he was fully .confused But after about 3, he called me up and he said, “You’ve got to tell me what you’re doing.” He asked me a
bunch of questions. I could tell he’s crunching numbers on the
other side of the country over the phone. And he was looking at my ROI. My ROI was phenomenal.
Certainly beating this 401Ks and IRAs. And he had the idea. I credit him
for this. He changed my stars that day. Because he said, “What’s your next move?” I
said, “Well, I just found this amazing deal. An amazing deal. Better than all the
others. But I can’t do it. I don’t have the money.” So, I’ll wait here to… I’ll wait for
my real estate to ensure that I’ll find a way to buy more. He said, “What if I give you the money
and you do the work?” And I was thrilled because I still have to do that. I had to
walk away from part of the profits because now she was a partner. But you
know what I realized? Bringing other people’s resources together. And
there’s 3 major resources to bring together. One of those resources is you
need someone who’s an expert in investing. The other resource is someone…
And this is the person that finds the deal, does the deal and everything. This
is the person that has the money and has the credit. So, in the scenario, this was
me and this is my father-in-law. And that first deal worked so we did it again. And
it worked and we did it again. And then we did it 50 times. But along the way, I
realized I don’t have one father-in-law. I have several people that are kind of
like my father-in-law. I’ve got people who have been working hard, have good credit.
Individuals that have been to the savers. And now, they’re trying to find a way to
get where they want to go. They’ve done this part but they don’t have this one.
And so, what I do is that partner with people and I do all of this for them so
they don’t have to. Because developing these skills.. What’s really dangerous?
Your first 25 homes or your first 1,000 homes? My first 25 they’re like, “You don’t know what you’re doing. You’re just going to…” Trust me, I made mistakes. But since then, I have gone on with you
thousands of deals and systematized and then learn how to do it consistently the
exact same way. This isn’t boring. 200 experts. They put in 340 hours per
deal. Like we just know this. But for someone to get my learning curve, if someone
wanted to try to compete with my learning curve… You know I’ve done in 15
years what people couldn’t do in lifetimes because I’ve got a billion
dollars with it. Most people don’t have that ambition and that was just my
calling in life. So, I found a way. With this being said, this fourth option is what I
call a maverick. Maverick is a program I designed a create that says, “If you
find people that would be ideal partners and they get vetted by my team and they
actually partner with me, then I will take my 50% ownership in the portfolio
will build and I split it equally with you 50/50.” That means once you start
getting your experience and other people start.. I mean think about it. You have peers
of people your age that they’re in a similar situation trying to figure out
“How do I get where I want to go?” You’ll now actually have a functional plan and
you could literally say, “Well, you should check this out. Check out this YouTube
video. Check out the book Kris Krohn wrote. Check out this document.” And if any of
them say, ‘I’m going to partner with Kris” because they made it through the
gauntlet, then I actually split my worship with you as an equal partner. Now,
you’re buying real estate with no money and you’re buying real estate with no credit. And there’s no
limit to what you can do. So, this is what I’m going to call the outlier factor. Some
people… A lot of people will do nothing with it. And some people will go freaking nuts
and go create massive amounts of wealth. The people that this favors are the
naturally outgoing, outspoken. People that don’t mind speaking up or taking the
risk. Those individuals can do like super, super well.
But do you know the ones that do the best with this are the people that use
their own money to say, “I’m not trusting Kris Krohn’s Track Record. I have my own track record and you
add that to prisons track record and guess what? You’ve got a lot of of proof.
So, 4 different variations of options. And I think if I were in your shoes that is
really my perspective on what I would be focusing on looking at or doing if I
were you. Questions? -I have one. -Sure. -As maybe it as a different option,
I was toying with, is what if I didn’t sell my house, but what if I rented it?
Because I’ve actually looked into it. We could rent our house for about an $800 a
month positive cash flow. And then downsize and do some of the way you did the
very first thing you did. Buy a home with a little rental unit on it. So there’s a
rental coming in on that one. We’ve downsized to a smaller one and we’re
also… What do you think about that? -This is good. -I’m also going to share with you my honest opinions. It’s
going to be very strong because they’re based on strong experience. -Okay.
I never own a rental property with the value higher than $220,000. -Okay. -Do you know why? -Because if the market does weird? -When the market turns and you
pulled your equity out to go and building do some stuff and your payment is
higher and your 400,000- dollar house becomes a 300,000 or 320 or 280 thousand dollar house… And people are saying, “Hey, it’s
a tight economy. Let’s live in smaller homes versus a bigger homes.” There’s a
really good chance that all of your cash flow is going to evaporate. -So, what my
thought was so we back up. So, I understand. So, our home right now is $145,000 that we owe. If we brought it to a 200,000-dollar value… So, we only took out about $60,000 or
whatever, $55,000… -Then you’ll be sacrificed to
$200,000 of equity for this much cash flow. -Okay. So, by the way, everything I’m sharing with
you is based on ones and zeroes. If we remove all of the emotion from the
entire investing game, then literally, it just becomes a scenario of which one earns more. So, I’ve done that math a thousand times. Taking the money and buy more
properties will always better. And literally, having $800
of cash flow on one house or $800 combined in three houses, do
you know which one will be better for you? -Is it the 3 because of the tax benefits? -One
doubles. And 3 becomes. And it time, it becomes exponentially bigger. 4
versus 18 homes. So, here’s the upside and here’s the downside of what I am sharing with you: The
upside is your goals with time can met. That the downside which is very
very real is that this isn’t get rich quick. But it sure is a heck of a lot quicker
and possible than the current model system that you’re on. If you want to get rich quick, you
probably jumping that math program which is essentially what I did when I get started out. And I started partnering with people left and right. Those are your 4 options. Any found questions on it before we wrap this up? Any questions on any of this? -I think I understand
it. I just… 10 years is a longer time. For me, I know he doesn’t mind
work. I really don’t. I like to be home. -Yeah. -I guess I just.. I can see it
but I also wonder where those downpayment monies are all coming from.
So, in 5 years, we resell this and then… -And then guess what happens when
you doubled your asset value. Guess what you can do? -And then you can buy more. -Buy 2 instead of one. -Right. -So,
we’re not seeing any cash flow in the very first 5 years? -Right now you’re seeing zero cash flow. -Right. -You have zero possibility that did not
affect us in the cash flow. You’re putting extra money in your 401K
out of your paycheck and your house is zapping you. You got to make a payment
every month. Reality, you’re making right now. This can only move in the opposite
direction positive. So, literally every time you buy a house, you’re always
better off then you were before. That and for every house you buy, we would put between 5 and
10 thousand dollars away savings. So, so have Sleep Well At Night Account account. Because guess what will happen
your first year of owning a property? -It’s going to have brakes. -And we know exactly what the actuaries
are in that area so that I predict that. And then I put 3 times the amount of
actual money you need in savings. So, you have what I call Sleep Well At Night
account. So, you’ve got a big fat checking account here on the side that is
babysitting all your real estate. And if the worst possible scenario happened
across the board… Because we know the game. You know, it’s amazing. I’ve got one brand new partner right now and there’s the sliding door that
broke on house. He’s like, “it’s a $300!” He’s freaking out. I’m like “Chill. You’re brand new.” Remember
we put $10,000 in your Sleep Well…” -He’s like, “Yeah.” I was like, “That’s why it’s there.” These are ROIs take all those expenses into account. So, the deeper when we go down the rabbit hole, the more
you’re going to see “Wow, you guys have really kind of bump everything on this.”
And it’s it’s not that we thought of everything. It’s that we’ve experienced
everything from natural disasters in our areas to crime, to everything to really
figure out what are the most profitable ways to do this system. -Okay. So now, I have
ques.tion -Yeah. -Pretend that you are us. And you
don’t have our previous… You know, are predisposed ideas, what would you do?
-That is an unfair question. I will not answer that for you. I know you would
love for me to answer that. But the reality is you have… You have sacred cows. Do you know what I mean by sacred
cow? You have ideas here that are sacred to you. If i have no secret cows and
financially I have no sacred cows. There’s only one sacred cow. There’s only one area of
my life where I care to have any ownership.
It’s about vehicles. It’s not extra houses. I don’t care about ownership. I
care about access and control. I would rather control the thousand properties
than only thousand properties. My goal is to never have a property paid off. Very
different than most people. Also, this is all positive debt. You’re going millions
of dollars in the debt and it makes you money. This is so backwards from consumer thinking. So, for me and I knew that I were on a downsize, I’d buy the perfect home for
me and my family. I would sell this home and liquidate everything and switch jobs.
Take all the money and I would start investing and I would learn how to become a professional investor. -That’s fair. -Thank you so much for watching this video Give them a round of applause. You guys are great. Listen. if you guys want to learn more about partnering, it’s in the link below. And I’ve also got a video that will show you any one that wants to partner with me that laid out a partnership series so that you’d understand A to Z. Everything there is said to partner with me. So, go check that out. And of course, if you hit the link below, what you’re going to do is you’re going to get free copy of this and a free game plan from a member of my team that literally will do this for you
to help you understand how to get from where you’re at to where you want to be. Take care. We’ll see you on tomorrow’s video.

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