Based on a YouTube video I watched, I made my own index card with all the financial advice you will ever need. So in this video, you’re in for a total makeover of what real financial advice is. No, it’s not the 401K, it’s not mutual funds, and it’s definitely not paying off your house. Watch on to learn from my experience on what the best financial advice is!
00:45 My recreation of the business card
01:24 Dumb Advice #1 – Max out your 401K
02:28 Dumb Advice #2 – Put your money in mutual funds
02:55 Dumb Advice #3 – Pay off your house
03:28 My Rule #1 – Delayed gratification
03:57 My Rule #2 – Pay Yourself First (PYF)
04:52 My Rule #3 – Invest in Real Estate and use 80% Leverage
06:38 My Rule #4 – Re-leverage your Real Estate
07:35 My Rule #5 – Have fun
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Video Produced by:
Nate Woodbury – YouTube Producer
Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. See full disclosures here: https://www.kriskrohn.com/epicdisclosure
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
DISCLOSURE OF FINANCIAL RELATIONSHIP
Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here: https://www.kriskrohn.com/epicdisclosure
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