“Money” with Self-made Millionaire Kris Krohn | DO 36

“Money!” How to make it. How to grow it. How to keep it. The “Do Over” guy interviews self-made millionaire Kris Krohn of REIC Global on the “hows” of money, and it’s revealed how financial gurus like Suze Orman and Dave Ramsey are missing the mark. If you’re tired of working for “the man,” want more out of life financially and like the idea of retiring while you’re still young enough to enjoy it, the is a “must listen podcast.” Enjoy!

Kris Krohn of REIC Global“Money!” How to make it. How to grow it. How to keep it. The “Do Over” guy interviews self-made millionaire Kris Krohn of REIC Global on the “hows” of money, and it’s revealed how financial gurus like Suze Orman and Dave Ramsey are missing the mark. If you’re tired of working for “the man,” want more out of life financially and like the idea of retiring while you’re still young enough to enjoy it, this is a “must listen podcast.” Enjoy!

 

 

 

 

 

Resources mentioned in this episode:

Podcast Transcript:

Matt:  Hey, this is Matt, “The Do Over Guy,” and this is Your Do Over: Episode 36.

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Matt:  Welcome to Your Do Over, coming to you live from downtown Los Angeles. This is the place where I show people who want more out of life, people dissatisfied with their current situation, how to start over and begin a new life, setting goals and objectives so they can create wealth and live life to the fullest.

You can jumpstart your Do Over and lay a solid foundation for a better life by downloading the Three Pillars of Creating the Ultimate Do Over for free at FreeDoOver.com. It’s a 55-minute mp3 audio program that I made just for you with three specific steps on how to get success as you start over.

The Three Pillars of Creating the Ultimate Do Over will put the legs under your table. They will lay the foundation for you to achieve. They will act as your traveling success coach, and they’re yours for free at FreeDoOver.com.

Okay.   Let’s talk about money today specifically how to make it, how to grow it, and how to keep it.  You know, after reading “Rich Dad, Poor Dad,” “Cashflow Quadrant” Now, my new favorite book “The Millionaire Fastlane.”

You know, I don’t spend my time trying to make money anymore.  Well, let me clarify.  It’s not my focus.  My focus is not me making money.  My focus is on creating assets or systems that make money for me.

You know with that shift in focus, my days look very different than they used to.  I no longer make cold calls.  I no longer go to door-to-door asking for the sales.  I’ve created system that does that for me.  And I continue to refine and improve those systems.  That’s my focus.

And it’s how I’m ensuring that I will never have to do over again.  So my focus is no longer on making money but rather making systems that make money for me.  And once you have a good system in place that makes you money, you can now refine and improve and scale that system causing your income, your money to accelerate or grow of which makes that system or asset appreciable.  Because it’s your system, you have control.

And because you have control to refinement and improvement, you can essentially force your appreciation of which is the concept of wealth acceleration, creating or investing in controllable and appreciable assets.

The third element is how to keep it or how to keep the money that you make.  Well, easy enough?  Don’t spend it.  There.  All done.  Very simple.  Right?

Now I’m just kidding.  But not entirely.  I mean when I say don’t spend it.  I am referring to cutting back on your expenses.  I mean it’s time, honor, and wisdom.  Correct?  Make more and spend less.  I mean you’d be hard pressed to find an argument against that logic.  Right?

All of the money experts promote this concept from Suze Orman to Dave Ramsey to just about any money correspondent you see on TV.  Cut your expenses.  But here’s where most of them miss the mark.  They miss the mark by the recommendations of which expenses to cut.

You know, if you are to take this logic of make more and spend less of which I like by the way.  If you were to take that logic, you’d want to maximize your making.  Right?  That’s why you’d want to focus on creating controllable and appreciable assets and systems that make money for you.

Now to move forward really fast, you’d want to maximize the other end as well: spending less.  And if you were to maximize your spending less, I mean wouldn’t it make sense to look at your biggest expenses and start there.  You following me?

I mean that’s logical to me.  And it doesn’t seem like much of a reach so I’m going to assume that you’ll agree.  If you want to maximize your spending less, cut back on where you’re spending the most.

That will create the biggest impact on your immediate situation.  Cutting out your daily cup of Starbucks coffee is not the answer by the way.  That’s not going to give you freedom.  It’s going to make you cranky more likely.

I don’t know hwy that’s everyone’s “go to, make a difference in your financial existence.”  I mean poor Starbucks.  I mean cutting out your daily trip there is not going to make a difference.  I’m not going to recommend you to cut out your dining out.  I’m not going to recommend extreme couponing.  I’m not going to recommend you to cancel your membership, your premier movie channels.

I’m not even going to recommend that you downsize your residence. I mean you can do those if you want but sheesh.  What kind of life would that leave you?  Spending less money with those strategies will not get you to where you want to be.  They will not get you your freedom.  So what will?

What is your biggest expense?  What is your biggest expense?  You know, I don’t even know most of you.  Without knowing you, I do know what your biggest expense is.  Do you?  Have you guessed it yet?

Well, over your lifetime, somewhere in the area 50% of your income, the money that you get up and go to work for everyday all of your life, 50% of that income will go to pay taxes.  Half your money.

Like Eddie Murphy would say, “Half!”  You got state tax, federal tax, gas tax, cigarette tax, capital gains tax, sales tax, inheritance tax, city tax, luxury car tax, and property tax.  You’ve got tax, tax, and tax.  Every time you turn your head, you’re asked to pay a tax for something.

Now some of these taxes you have control over and some you don’t.  But the good news is you have control over the bulk of them.  The sad news is most Americans are completely unaware that they do.  And even more tragically, many are aware and choose to do nothing about it.  Personally, (laughing) I find that absolutely astonishing.

But many in the know, they do nothing.  Now I know there’s nothing that listens to this show that would do that.  I mean this is the Do Over show not the “learn and do nothing” show.  Right?

I mean if I could show you how to make a minor tweak in your current existence.  A tweak that could essentially eliminate your biggest expense.  I mean for most Americans, it could virtually double their take home pay from their job for the rest of their life.

I mean if I showed you how, would you do it?  Are you sure?  Would you do it even if it took a year to implement?  I mean we’re speaking of a tweak here and a small tweak there in your life that would allow most of you to cut your tax liability down to almost nothing forever honestly, ethically, morally and legally.

I mean cut your tax liability down to almost nothing even with the government’s blessing.  Would you do it?  I want to make sure that you’re sure because I’m only going to tell you what it is if you agree to do it.

You know as the old ancient Chinese proverb goes, “to know and not do is to not know.”  The blind man that can’t read is no different than a man can read and chooses not to.  Okay.  I’ll alleviate from the suspense.  Most of you probably have already guessed what it is anyway.

It is a fact that most Americans could virtually eliminate their tax liability, their biggest expense in life by far.  They could virtually eliminate it with the purchase of just a few investment properties.

Yep.  Real estate does this for you.  And I know I bring up the subject of real estate frequently on this show.  I’m trying to bring it up less and less because I know not everybody listening to this show is interested in my real estate conversations.  I mean that’s why I started a second podcast just on real estate.

But we’re discussing right now, what we’re discussing today is not a real estate conversation.  It’s a money conversation.  It’s a your money conversation.  Today is all about how to make it, how to grow it, and how to keep it.  It being your money.

This is what makes real estate such as an ideal money vehicle and an ideal asset, and an ideal investment.  First and foremost, real estate has produced more millionaires and billionaires than any other vehicles so we know it works in producing wealth.  We know it works really, really, really well.

I mean this statistic shows us that it works better than anything else in creating wealth.  If done right of course.  With regard to our conversation today, real estate is an asset.  And one net can easily be turned into a system that makes money for you.

Like I mentioned earlier, focusing on making money is not going to get you your freedom but focusing on making an asset or system that make money for you that will.  Real estate is probably the easiest way for the average American to incorporate this philosophy into their life.  This philosophy of making a system that makes money for them.

There are others of course.  And I will be covering others in the very near future but I’d like to spend the majority of my time on the one that gives the average American the chance of greatest success, the easiest chance for success.

The easiest chance for achieving true freedom.  Real estate is also a very controllable and appreciable asset as well.  According to our guest on the last episode, MJ DeMarco, author of “The Millionaire Fast lane,” this is how the wealthy accelerate their wealth creation by either creating or investing in controllable and appreciable assets.

Real estate is a controllable and appreciable asset but it goes deeper.  With the very simple basic buy and hold strategy, I mean very basic, real estate slashes your biggest expense in life.

I mean slashes it.  Just buy the nature of owning it.  There’s nothing for you to do to receive this benefit by the way.  There’s nothing for you to do but own real estate.  I mean by the nature of our tax code.  And as long as you’re CPA is up to date with the tax code specifically the sections of the tax code that reference real estate.  Your biggest expense is slash automatically.

So how would you like to double your take home or increase it dramatically?  Would that change your life a little bit?  Would that help out right now?  What would you be doing right now with double your current salary?  Double your current income?  Where would you be doing it?  And who would be doing it with?

You see, with the purchase of just one or two income properties, you can essentially do that dramatically increase your take home pay instantly.  And it wouldn’t even matter if you ever made a dime off the real estate itself.

I mean for this reason alone whether you have an interest in real estate or not, I know from the emails that I’ve received that some of you don’t but even if you don’t you deserve to pick up an investment property or two.

You get to keep a whole lot more of the money that you’re already getting up and going to work for every single day.  And when we take our time, honor, and wisdom of getting wealthy. The one I mentioned earlier of make more and spend less.  If you can do both of those at the same time with one activity, your path to freedom is going to be that much faster.

And this is why real estate rocks.  Done right, it does both of those for you at the same time.  And anytime you stumble upon an opportunity that can do that at the same time, increase your income and decrease your expenses.  It’s worthy of your attention if not worthy of all your time and money.  It’s your freedom.

Now we each place a different value on our freedom.  We’re each willing to go to different lengths to attain it.  I know some of you maybe many of you listening to my voice right now.  You’re getting what I’m saying.  You get it.  You want to go out and incorporate this philosophy in your life.  Go for it.

I mean really go for it.  You will thank me.  But I know just by mere statistics, I would expect that the listeners of this show were the listeners of any show like this.  Or probably inclined to tae action of this type of advice but I still know that most won’t.

And the reason most won’t at least what I’ve noticed from my experience.  There’s still some effort required to acquire a couple of rental properties.  There can be a significant time investment too.  I mean we’re busy people. We’ve got our regular 9 to 5 or maybe you’ve got two jobs or maybe you’re working 10 to 12 hours a day running your own business.  You’ve got to take the kids to soccer practice, softball practice, and piano lessons.

And if you never purchase an investment property before, I’d highly advise that you get some education under your belt before you make that first purchase.  That will take some time and an investment on your part.  And then there’s the big barrier that many often have at the front of their mind.  I don’t have the money to buy an investment property let alone two.

I mean you might be at a point where you’re just trying to survive.  I mean you’re living paycheck to paycheck.  Or sadly I made a lot of people these days that don’t even have a paycheck.  They don’t’ even have an income.

I understand.  You’re not alone.  Many feel the exact same way that you do.  Many are experiencing the exact same thing that you are or you know maybe none of these scenarios are your scenario.

You simply just don’t know where to get started.  What I’ve really reduced to two is most people won’t take action on this advice because it’s work.  And if you’re not passionate about this type of work.  This is not going to do it.

I mean some of you will manage to but most of you just won’t do it.  That’s okay.  I mean there’s nothing wrong with you for that.  Your passion just lies elsewhere.  But that doesn’t change the fact that in the interest of your future your freedom, you’ve got to figure this out.  You’ve got to get it done.

Well for those of you that feel hindered by any of those circumstances, I recently met a really good guy and a nice guy of which that’s very successful.  He’s created a great success for himself with real estate.  And he’s done so because after speaking with him a little bit.  It’s crystal clear that real estate is his passion.

And he has this philosophy, if you want real estate done right, don’t do it yourself.  Share the responsibility with someone who is passionate about it.  And he is a CEO of a unique company that has a few systems in place.  One of those systems is a financial education system.  One that gives people clarity, control, and confidence around their finances.

He has another system in place that provides properties and prime markets with built in equity and tenants in place and property management in place and built in cash flow.  He has a system in place of which is really my favorite.  He has a system in place that helps people.  People that think they don’t have the time, money, or knowledge to invest in real estate.

He has a system in place that helps those people specifically.  I get the impression that it’s his favorite part of his business as well as he used to be that person.  Now he helps that person get on track toward the freedom he hasn’t been able to produce for himself.  And get this, in 10 years or less.

I mean if you have the resources, he can certainly help do it faster in 7 years, 5 years or 3 years but from a dead stop.  A person starting from square one with limited resources.  Financial freedom is just 10 years away.  How’s that worst-case scenario?

Now he is a self-made millionaire with an amazing out to change lives.  He’s quickly becoming a good friend of mine.  If you’ve happened to meet him, you’d likely consider him a friend as well. He’s just the type good-hearted guy that he is.

You can tell that he makes friends probably that he goes.  And I have him on the line to ask him a few questions.  If you want to know his company, I’ll certainly give him an opportunity to share is company’s information with you.  But I really asked him to join us today because I sat with him on a conference call a couple of weeks ago.

He shared some concepts about money that go a little against the grain of common ideology.  Against what most of the ideas, concepts, and wealth creation strategies that most of us have likely been exposed to our entire lives.

I thought it would be some great information to share with you.  Maybe it will make a difference for you or maybe not.  But at the very least if it would make a difference for you, I would be remised if I didn’t invite him to the show.

So I did.  And you know what?  He graciously accepted.  So I have Kris Krohn of REIC Global on the line.

Kris, thanks for joining us here today on the Your Do Over show.

Kris:  Thank you.  I appreciate it.  Thanks for having me on.

Matt:  You bet.  You know, before we get into the subject of money today.  Would you mind sharing with the listeners of the show a little bit about your background and the journey that has led you to where you are today?

Kris:  I appreciate that.  Thank you.  You know I’ve actually I’ve written a book that actually about my journey.  Eight years ago, I was a struggling student in college.  I didn’t have a lot of money but I just gotten married.

After financially struggling enough, I began a journey of learning how to master money and learning financial principles that led eventually to purchasing a house very successfully.  Later, hundreds of homes and today I have a company that financially educate and teaches people how to successfully manage their money, how to invest it wisely into real estate.  Instead of putting money in things that frankly doesn’t create residual income and that doesn’t benefit.  I teach people to take how much money they have whether it’s small, sometimes non-existent, or a lot and invest it into real estate.  And it’s a really wonderful business.

We’ve done a hundreds of millions of dollars in business with our clients especially over the last 3 and half years.  Our company is called REIC.  It teaches and educates people how to get through the space of eventual retirement that starts with the financial decisions of today.

Matt:  Nice.  Thanks.  It sounds like you’re certainly having success. It certainly sounds you’re having a great success when everybody else is trying to figure out what to do next.

Kris:  Well I tell you, Matt. What worked in the old economy does not work in this new economy.  Even ourselves went through the struggle period. I got to tell you.  I don’t think there’s an even better time for creating wealth, abundance in what we call in recession or the new Great Depression.  I don’t think there’s another better opportunity so you’re bringing it on.  I think it’s a very timely time.

Matt:  I actually agree that your optimism that had me actually invite you on today.  You know a couple of weeks ago I sat in a conference call.  I heard you share some distinction around money.  Specifically the types of distinction that you know challenge the way the masses think about money.

But every thing that you did share was just kind of wrapped up in this very simple philosophy of taking one’s money and resources that are vested in low-yielding vehicles and moving them into higher yielding vehicles.  That’s very simple advice that makes all the sense in the world.  I really want you to come and speak on that.  So can you give an example or two of what a common low yielding investment someone might have?  And how they would move that into a higher-yielding investment?

Kris:  Okay.  I appreciate that.  That actually comes from Jean Pierre, a French economist of the 1800s.  He said that creating wealth is simple.  You just got to move your money from low to high yield just like you said.

If you look at how we as Americans, put our money.  There’s a couple of pay in places.  First is we’re taught to pay off our homes that’s a really fear-based that says at some point you want to get out having of that obligation of monthly payment.  The next thing we do is we put our money on a full case, higher raise because our bosses and the government and the financial planners tell us that that’s a good idea.

And inside the 3rd place where people can put money is in the stock market.  Also thinking that if someone will invest then it would have to be the stock market.  Correct?

Those are the three most common financial ideals.  If you look on the yield of each one of these, we can evaluate to answer your question.  If you have equity to home and I would ask what if you have a dollar of equity.  What does that pay you every month?

You would give me a weird look then you would say, “it doesn’t pay me anything.” Then I would ask, “Well, what do you earning on it?” The answer is the rate of inflation right now is less than negative 3% so every time you put an extra dollar in your house out of some sphere that you want to hopefully someday eliminate the payment on it by putting your money in a place yielding yield less than negative 3%.  Pretty bad.

Or another example would be for long pay arrays.  You know, you’ve been putting money on for long pay for a number of years.  Great.  What’s that paying you?  Well, the answer is nothing.  Of course it doesn’t pay you anything but what about my IRA?  I just put money in.  It doesn’t have to be give me money back.

Let’s put it in the stock market.  It’s always about putting it in and then someday hopefully it’s averaged to get to ROI and it can make me something.  If you look at the 4-link care IRA of the stock market, there will be a better rate of inflation.  They try to average 4, 5, 6, and 7% over a 30-year average but when you do take inflation into account, you’re sometimes making 1, 2 or 3%.  In my experience was that if I would have a 30-, 40-year, my money growing at 1 to 3%.  You wouldn’t create enough for retirement so I got to do something different.  Would you like me to share with your listeners, Matt?  You know some ideas of what would be a higher yield or what could be a safer choice that could make more sense?

Matt:  Sure.  Absolutely.  Just before you do, with my own coach clients I noticed a couple of mindsets, I guess, around money.  In the sense that you know when their money is on a “4 in 1 K” or any other type of retirement plan or in the stock market.  I noticed that they don’t really look at it as money because it’s just numbers on paper. Even more tragically just because they’re just numbers on paper, there’s some sort of financial plan or some sort of custodian, that’s telling them on what they can or can’t do. They don’t even think they have control over that.  I know but that’s not necessarily the case.  Is it?

Kris:  Well, you know the problem is, Matt, we actually as Americans were never taught financially what the goal is.  For example, I put money towards my new house someday would pay off because I’m afraid of having a mortgage payment.  I see it as a risk.  I can respect and support you but I actually love to get things paid off but the expensive real goal is that I’ve got a problem.

What is the goal?  Well, I think financially if we want to create through financial security, we need to create a residual income that writes me a check every month no matter that can cover my expenses.

If there’s a basic of my expenses or $3,000 or $9,000 a month, whichever it might be.  If I residually can count on that month no matter what, that would be the highest level of security.

When you have your house paid off, you may have fewer expenses but you may want to remember this.  You can never cut enough expenses to retire.  It’s always going to cost something to live.  So we have this financial paradigm that Americans say, “hmmm, I’m not really cut on production so I have to balance the budget.”

If you got a problem with your budget, let’s say your check or worse you’re losing $300 a month.  You got two ways to solve that problem.  One is to figure what you can cut.  Can I cut cable? Do I sell one of my cars?  Do I downgrade the minutes of my phone?  We’re taught that it seems that way.  We’re not taught to say, “how do I produce $300 a month?”  It’s only through the production line of thinking of going to create any amount of abundance or wealth in your life when we need to get training on how to think that way.

Matt:  Definitely.  That mean (pause)

Kris:  Go ahead.

Matt:  I was just going to say I can’t agree with you more and you are one of two, you know, the mindset is obvious.  You know, it really doesn’t make sense now.  That’s the mindset.  That’s the philosophy.  That’s the principle and the theory.  Maybe you can touch a little bit on the how-to?

Kris:  Yeah.  You know, I got systems that a whole lot to cover in this brief conversation but I’ll just give you some examples, a high level set of examples of what I’ve done with other people.

For example, I’ve mentioned that I love real estate.  I love real estate for a number of reasons.  There are number of ways to do it wrong.  I do believe that there is a right way to doing it.  One of my strategies as I’m going to the market, the hottest markets, I’ll give you an example of one right now.  Phoenix.  If you go to Phoenix right now, you’ll going to find that we sell houses at $250,000 and you can buy them at the market for $100,000 now.  I go to the auction.  I provide my clients with a special service that I can get those homes at even $70,000 to $80,000.

Imagine buying a house worth $250,000 for $70,000.  Well if the reason cost of that market is $150,000, I doubled.  So there’s reason to believe that that market eventually has to come back even to its rebuild if it could sustain in the economy that’s a part of the world.  So simple strategy now the setting the amount to $75,000.

Take a look at your either 4 in 1 K or IRA or stock market or stock equity that’s earning you let’s call it zero, 1%, 2%, or the equity of your home earning you a negative 3%.  If we go to this definition of putting it into a higher yield, when I buy that house for $75,000 that rent for the same amount of today than it did when the house was valued at $250,000.  I’m going to produce a cash flow of probably $400 a month on that house, which is going to come out over a 20% on return, which means if I was earning negative 3% in my house then I could take pretty small amount of equity out of it, put it on the house, and this new house is generating 20%.  That’s a 20% spread.  All of a sudden I have a cash flow.  So now my equity that’s sitting in my house doing nothing, now amounts to an extra of $400 a month.

Now my mortgage may have increased to $100 a month so I’m going to net $300 a month.  I solved my cash flow problem.  Well for example, you could take an IRA or you can borrow from the “4 in 1 K,” or take the stock market and do something very similar.

Matt:  what would your advice be to someone with no money or no credit?  Specifically my listeners, you know most of them are starting over in life.  They’re finding themselves with limited resources.  You know, what I find something surprising recently is that I have a significant audience of younger people.  People in college who just recently graduated.  You know, they too have limited resources as well.  What would you recommend to them their road to financial freedom? How will you recommend to them how they get started?

Kris:  You know that’s a great question.  It’s exactly probably how I got started.  What are my strategies?  There are many ways.  One of the ways I did it, for example when I was in college, my wife and I were poor financially.  We had a couple of thousands in the bank and we counted ourselves lucky.  I had an opportunity to go out and buy a house that had a mortgage of $500 a month but a basement that would rent $500 a month.

What happens is that instead of renting this dumpy place for $400 a month, I actually bought a house at a huge discount.  Another great example is very easy to do this if you have the right knowledge, there’s this house I bought. I was able to move in from a one-bedroom to a house that have a three-bedroom plus a separate apartment that made just about the entire mortgage so I was living practically for free. It cost me a few bucks a month.  That’s very little money.

If I remember correctly, when I went to the closing table.  I had in my pocket just a little over maybe $3100.  That’s a very insignificant amount of money for me to buy a house to increase my net worth of $50,000 but also meant instead of having a rental liability of $400 a month.  Now I’m living for free.

So my net worth went up to $50,000 and I was just about $400 a month better off now as I was before.  In fact, even better.

Matt:  Uh-huh (laughing)

Kris:  There are great strategies out there to help many people do that.  College kids all the time.  That’s exactly how I got started.

Matt:  That’s so cool.  I wish someone told me that on my senior year in high school.  (laughing)

Kris:  (laughing)

Matt:  You know?  Your principles, Kris, they sound pretty similar to my all-time favorite book, Rich Dad, Poor Dad.  It’s a book that literally changed my life forever.  Let me clarify that.  It changed my thinking forever. I had to go out and figure out how to on my own.

It was a very expensive and time-consuming journey for me.  I mean not to mention very frustrating at times.  Your company though REIC Global, I understand that you put a system in place of not only solves the how-to for people but also actually solves the doing itself; can you explain how your company helps your typical client?

Kris:  Well you know you got to be willing to dive in real estate.  It’s the good strategies I’m claiming it is.  That’s not good enough reason to go out and say, “fine.  I’ll learn how to become a master of that trade.”

Real estate is extremely complicated.  It’s very intimidating.    It scares a lot of people even as far as entry of wanting to get involve so knowing this early on.

I actually happen to be one of those guys who love real estate.  I eat, breathe and sleep, crunches on the numbers, wants to go out and look at homes, to walk in house that yet to be repainted and see it already with the new paint.

Do you know I don’t believe in fix uppers?  You know I get excited about real estate.  I also recognize that a lot of people that try real estate really are doing it for the money.  It’s a great financial vehicle but most people are not up to the task of actually doing it.  I decided to advocate and create a company kind of.  You pick up my real estate book called “The Path to Great Real Estate Wealth” or you purchase someone else’s real estate book.  Just about every one of them in one of the chapters says, “You got to get your own power team.”  You don’t want to become an expert of a tile work.  Go hire it out.  You don’t want to become the expert realtor.  Go hire it out.  You don’t want to become an expert on mortgages, go hire it out.  I just decided to create a company that did it all.

So essentially when people come in and work with me, I actually have so much faith in my system that such as mistrusting them.  There’s a lot that I won’t let them do so they can’t mess things up to be honest.

And so it ends up, I teach them how to become the president or owner of this cash flowing business.  I teach them how to run it the right way.  And running this business takes, you know, tons of hours every month.  My company can come in and essentially do all the work.  The best part is that we actually make money when the seller pays us.  So I go help you, Matt to go buy a home successfully. I got to get paid but I know how to charge of people who get the homes from those fees to be able to do that but it doesn’t have to come out from your own pocket.

Matt:  Awesome.  What a great service.  You know, the listeners of this show knows where I stand on real estate meaning everybody needs real estate.  You just don’t have the chance if you don’t get involve in some capacity.  You don’t prove that anybody can do it.  I’m in the music business. I got started knowing a thing about real estate but you know what I’ve come to learn is that anyone can do it.  You know, not everybody will even more tragically you know most people won’t you might have kind of answer this already. But why do you think it is?

Kris:  You know I call it, magic in the history.  Everybody can but not everybody will.  I’ll add to it.  Not everybody should.  You know it’s really interesting.  Back in college, I got a telemarketing job.  It really didn’t pay that great.  I was fortunate to have a job.

When you’re in college, you’re not expecting a huge salary. I was making my hourly.  I noticed that working for this financial company.  All this people who are working in their 30s, 40s, and 50s.  There’s an interesting pattern.  The 60-year olds were desperate, “I need to make money.  I need a residual income.  The 4 in 1 K link didn’t work for me.  The IRA didn’t work me.  What do I do?”

When I talked to the 50-year old, “you know return is kind of in the horizon.  I probably should start looking at it pretty soon.”  The 40-year olds would say, “Hey, I still got time to figure this out.”  The 30-year olds have gotten out of the calls and were too busy racking up liabilities with big houses and multiple cars and vacations they couldn’t afford.

I think there’s just, I think there’s a financial maturity.  We procrastinate at the last possible moment.  We think we should done things different.  Usually it’s too late.  I try to help people by starting to change their thinking much earlier on.  Hey, you know most people should start thinking about their financial future to 30 years in advance.  I can help people out with a great financial future in 5 to 10 years.  It’s a lot faster.  My advice for anyone who’s listening to this is to figure out how to take action now in your life to have a better financial future today and tomorrow.  Don’t wait.  Don’t procrastinate.

Matt:  That makes perfect sense.  Kris, you shared a lot of great information with us today.  I mean almost to the extent that it maybe confusing to some, exciting for sure but confusing nonetheless.  We know what a confused mind does.  It does absolutely nothing.

If someone were to learn more about your company or even get involve with you company, how would they recommend they start?  What’s the first step?

Kris:  You know if you pick up my book.  It says, “You got to have a game plan.”  You don’t want to say, “shoot!  I listened to this one guy. Let’s go out buy a house.”

That could be a huge mistake.  I think that every step you take has to make sense.  I call it a game plan.  So I advise you to go to GetYourGamePlan.com, that’s www.GetYourGamePlan.com.

And there’s going to be some great information out there.  I’ll also give you the opportunity to get a game plan.  I recommend that everyone to go there and have the opportunity to learn more about our company there.

You know, it might be right some people.  It might be not right for some other people.  Either way, get as much as financial education if you can.  This is a great site to improve that financial education enough.

Matt:  Awesome.  Awesome, Kris.  I know that you’re a very busy man.  I really appreciate you taking the time to share your thoughts with us. I mean it was a lot more information than you have shared that I heard in a conference call last week that we didn’t get to discuss today.  But would you be open to coming back in the future?

Kris:  Yeah.  I absolutely would.

Matt:  Great.  Thanks, Kris.  I really appreciate that.  Congratulations on your success and we’ll chat soon.

Kris: I appreciate that, Matt.  Talk to you soon.

Matt:    You bet.  Take care.

Kris:  Bye bye.

Matt:  Bye.

Hopefully, today’s episode has made a difference for you at least your wheels are turning differently.  Meaning that Kris has certainly made a difference on me.  You know what, I took on his offer.  I went to GetYourGamePlan.com.  I got my game plan.  I recommend that you take him up on his offer and you do the same.

It doesn’t cost anything.  It’s extremely pleasant experience by the way.  I watched the video that’s there.  I filled out the short online form then clicked the submit button.  Then I waited for one of Kris’ specialist to call me back.  They did within 24 hours.

That call, we set up a time to create my game plan.  It took about an hour to do. It was really cool when it was all said and done to see a plan specifically for my life to have certainty and clarity to where I’m headed in the next 10 years.

There’s a lot of comfort knowing that I’ll be millionaire in 10 years if all else fails.  What I mean by that is I think you all know my story in the music business.  I created a really good success for myself early in life and then something totally out of my control came along, pulled the rug right under me.  The new digital download specifically, you know what?  It wiped me out.  I had no plan B.  I had to start over from scratch.

I mean that’s my Do Over story.  That experience is what gave birth to the whole Do Over idea. Fortunately, I was 34 years old when that happened.  I still had time to start over but you know what?  Now, I’m 41.  I’m going to be 42 in a couple of months and I just had a son.  I don’t want to be caught with my pants down again.

I can’t afford for some unforeseeable event to wipe me out again in the way the digital download.  I have to start all over again.  You know, I’m not even sure if I have the energy to do so.  So I’m contemplating of working with Kris and buying a lifetime membership with his company for my Plan B.

You know after going through the game plan process, I see how it could easily be my Plan A as well or anyone’s plan for that matter.  But I think I’m going to go for it.  The lifetime membership is $ 9,997 or 10 grand.  You know, that’s a decent chunk of change.  At least for me to do my do-diligence around Kris and his company and the grand scheme of things.  I mean to know the Plan B would have me hit the 10-year mark with the 7-figure equity position of 6-figure passive income.  It’s really not that much money at all probably the cheapest insurance policy you’ll find out there.

But that’s my thought process.  You certainly have yours.  I guess I’m just thinking out loud at this point but I’ll keep you posted as to what I’ll decide.  The very least, I highly recommend that you go get your game plan at GetYourGamePlan.com.

Watch the video and request your game plan.  Kris’s game plan specialists are very informative, very professional and helpful.  After that hour session, you’ll have your game plan sitting right there in front of you.  You’ll have the option.  You can have REIC do it for you by the way of purchasing their membership or you can just get your game plan and go execute it yourself.

So that you know, it is a business.  Your game plan specialist will ask you to join REIC but you know what?  That’s all they do.  They just ask.  I was really relieved there’s no sales pressure.  It’s a very enjoyable and refreshing experience.

It’s [perhaps why Kris’ company is very successful up to this point.  You treat people.  They treat you well.  Anyway, I’ll keep you abreast if I chose to follow through and purchase the membership but at the very least invest and get your game plan at GetYourGamePlan.com

You know, I heard Tony Robins say once, “he said most people spend more time planning their summer vacations than they do their lives.  Now I don’t know if that’s true or not.  I don’t know how you assess that.  But if that’s the case.  Don’t be that person.

As a wise man once said, I’m not sure if it’s a woman but as a wise person nonetheless, if you fail to plan, you plan to fail.  Go to GetYourGamePlan.com.  Get your free game plan. That’s it for today.

God loves you and so do I.  I am Matt, the Do Over guy.  I will see you on the next episode of your Do Over.

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