Kris Krohn here on Limitless TV and today we're talking about how money
works and stay tuned at the end I've got a special bonus. I'm gonna share with you
the four parts of the freedom cycle and exactly what you need to do to alter
your behaviors, thoughts, and patterns to have money working maximum for you.
So how does money really work? Understanding money is what we're gonna
be talking about today because when you look at poor people and rich people,
you've got the majority and you've got the minority. And today I want to
focus on the minority mindset because the majority of people that are out
there, what are they really doing with money? how do they feel about money?
How do they think about money? First of all, money for the majority does not have a
really positive mindset. Right now we look at those with money and there's
jealousy and there's pride that says things like, rich people are dirty,
they are filthy, they're rotten, and they're stinking. In other words, we don't
have really good connotations and yet it's so backwards because, really we want
more money. So the majority are focusing on fear and scarcity and let's for a
moment just take a look at what money is. Money is paper. When people say it
doesn't grow on trees, that's exactly where it grows. It grows on trees and we
take this piece of paper and ultimately we assign a value to it. When in
actuality money is nothing more than neutral. School will not teach you about
money but I'm gonna do it right here for you today. This neutral piece of paper
you get to decide whether it is good and you also get to decide whether it's bad.
It's your choice. Sometimes, old school deep Christian thinking takes some of
the scriptures and perverts their meaning into the idea that money is bad,
or you can't get to heaven, there's no u-haul that goes to heaven, and that
rich people are evil or they'll take advantage of people. Money does not
do that. Money only magnifies the person. That's why we have people like Mother
Teresa that left earth and she left a multi-billion dollar organization
changing the world. We got people like Bill Gates. What did
he do with his money? He's eradicating diseases on entire continents. We got
people like Oprah Winfrey that is the richest woman today and look at the
value that she is created in the world. You know, I don't think it serves you or
I to decide that people with money are bad and people without money are good.
Oddly in my world, the pride of the poor often outweighs the pride of the rich.
So let's talk about the cycle that if you're looking at money and what we're
gonna do is we're gonna earn it, then we're gonna spend it and then we're
gonna be broke.
That's what poor people do. That's what the majority of people
are doing with money. They're gonna invest your money in the bank. They're
gonna put it there and they're gonna hope that it does something good. They're
gonna put it in 401ks and IRAs and the thing is we're destined to have nothing
when we go down that path because the little bit you save is not nowhere near
the abundance of what you need especially when you get older. You have
got ailing health, you've got real financial considerations, you want to hop
on a plane and go see your grandchildren? Okay these needs require money. So we get
to change your mindset about it and shift from the majority mindset and go
to the minority mindset. If you follow the majority you are on the guaranteed
route to being broke. What we're gonna focus on is how you create value in the
world. Because money follows value. And you and I? We've got gifts, skills, and
abilities and the question is, you are either using those abilities to build
and grow life and build value for yourself and other people or you're not
creating enough value. And right now, if you're sitting down thinking man Kris I
wish I have more money, this harsh as it may sound I would be saying, then maybe
you're not creating enough value in the world because money will always follow
real value. Because if money just sits in the bank it loses. Money sits in the bank
and loses. But when you're investing and leveraging your money appropriately
you're growing, you're creating massive value, and I'm gonna give you the model
for exactly how you do that right now.
So here's what the rich don't want you to
know. This is what the rich do with their money. Their financial literacy takes
them down a very different path which I call the freedom cycle. And let me draw
your attention a little bit to what we're talking about here. This freedom
cycle is what ultimately creates the possibility for you to step into wealth.
The first step is create value. Now by the way, having a job working for someone
else obviously creates value. But I'm gonna challenge you, what is the maximum
amount of value that you can create? Real estate done the right way can create
massive amounts of value. Rich people, they're starting businesses. They are
investing in startups. They're doing different things to create value. They're
not doing the safe things, they're doing the really
big things. After they create value, then when they get paid there's something
mysterious they do with their money I'm leaving it blank to see if you can
figure out what it is. Number three is they'll then pay their
bills. We all got bills. We pay them. And then the leftover money they want that
money to go to work for them. And so they'll invest it, they'll put it in
business, they'll put it in real estate. Because why create value with your time
and effort when you could be creating value with your money also throwing in,
in doing that. Don't invest money where you're guaranteed to lose. Rich people
will not invest in the bank. Instead, they're going to use the cycle and let
me share with you what they're gonna put right here. This is the biggest
difference between wealthy people and what they don't want you to know and the
majority thinking. They don't pay themselves. First thing you do when you
get paid is I gotta pay my mortgage, I got to pay my car payment, I got to pay
my cellphone payment. So we're putting all of that money into those things and
yet there's only one last person they forget to they fail to pay and yet the
wealthy they pay this person every single time first before anyone else. Do
you know who they pay?
They pay themselves. In my life, my wife and I were struggling
we were not getting ahead and we were in debt. Then we started the process of
creating value. We got into real estate, we started doing business. And as we
created value for people, we started showing them how to make money in real
estate. As we were making money in real estate, we learned pay yourself. What that
meant as I had a couple of different bank accounts set up. One of them was for
my bills and my active checking account, one of them was my investment account,
one of them was my savings account, one of them was my charitable contributions
account, one of them was my travel account, but I had one other account and
this was the me account. This is the I'm gonna pay me first. And maybe I don't
have money at the end of the month to pay my bills because I'm not going to
forsake paying me. I'd rather pay me and make a loan to pay a bill rather than
paying all my bills and find that I'm always behind. This ultimately leads to
the problem of no money in savings. The price of things go up by three percent a
year and yet why are the wealth these distancing themselves and getting
further and further ahead? and why are they so good at creating the gap? Friends,
create value, pay yourself, take care of your bills, and
there will be leftovers with this mind set and those leftovers are meant to
what? Make your money work for you. That's the biggest difference in what the
majority are doing compared to the minority.
Thank you for watching today's
video. Please subscribe so I can get you more
videos, more information, teach you more about wealth and money, so that you can
be as free as a bird.
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