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.
