Overview
On this episode of Build Your Network, Host Travis Chappell interviews Krisstina Wise, real estate mogul, millionaire coach, author, and creator of several multi-million-dollar businesses.
Topics Discussed:
- About Krisstina Wise
- Excited about what’s coming next this year.
- Working on her second book.
- Promoting her first book, Falling for Money
- How did you get into the real estate business?
- It’s in her blood, both her parents were in real estate.
- Her father had an appreciation for true pride of ownership.
- She has an old-school and rugged way of thinking of real estate.
- She’s more interested in the narrative and relationships, building trust.
- Real estate then became a personal passion for her in building wealth and net worth.
- Started as a way to make money and turned into a way to build wealth.
- She now teaches people about how money works and real estate is a part of that.
- Give us a timeline of your success.
- She started real estate in college and it took about three years for her to be able to support herself and her family.
- When you have a true love and passion you get to the top quickly.
- During her divorce her financial situation fell apart.
- She had a moment where she realized you can earn high incomes and be successful and still be broke.
- The bigger the percentage between what we spend and what we make the more we invest and the faster we build wealth.
- If we choose convenience and instant gratification, we have to be okay with the sum at the end of that equation.
- When our residual income replaces our working income, we reach freedom.
- Real estate investing is one way to start building future cash flow.
- Can millennials save their way to wealth?
- You cannot save your way to wealth, you must invest.
- Savings is putting money away in a savings account and we put certain amounts of money there.
- The reason why we save is because there are times when big expenses pop out of the blue and they would blow your budget.
- There’s an average of $3,000 of unplanned expenses per year.
- If you spend the exact amount that you make and you want to go on vacation, you end up putting it on a credit card.
- You have the best of intentions to pay it off, but there’s no way unless you get a rise in income.
- Savings accounts are for future spending.
- You have to earn your way to wealth, but what does that mean?
- The key to solving your financial problems is not just earning more money.
- Parkinson’s Law – your lifestyle will always rise to meet your income.
- Financial freedom is just time freedom.
- It can only be attained through investing, not earning.
- You’re not building your portfolio, you’re building your future cash flow.
- If we’re earning $250,000 you might still feel broke because you’re on the hamster wheel of “earn, spend.”
- Your planned expenses will then go up and your credit card bills and balances will also go up.
- We need to make sure our bodies are no longer our ATM, our assets are.
- Conventional finance is still built on the industrial age.
- Hold your lifestyle expenses tight but get excited about investing.
- The key to solving your financial problems is not just earning more money.
- What is your wealth a result of and how does networking fit in?
- Relationships that come out of networking.
- Your marriage is a part of your financial balance sheet because it can be a financial asset.
- Your business and your health go on the balance sheet.
- Helping others, making introductions, etc.
- What’s the need for money and business if it’s not about other people in your life?
- The ultimate return from relationships is better than wealth.
The Random Round:
- What profession other than your own do you think it would be fun to attempt?
- Home design
- If you could sit on a park bench with anyone for an hour who would it be, and why?
- Martin Luther King Jr.
- He was driven by passion and willing to buck the system.
- How do you like to consume content best, books, blogs, podcasts, or videos?
- Audio – audio books and podcasts
- What is one of your most favorite audio books that you’ve listened to recently?
- The Subtle Art of Not Giving a Fuck
- Essentialism
- Give us a glimpse of your morning routine
- Wake up around 5:30-6:30
- Coffee
- Organize day/journal/podcast
- What is your go-to pump up song?
- Favorite artist – Moby
- What are you not very good at?
- Cooking
- Be really good at what you’re good at and let other people be good at what they’re good at.
- What is one place where we can find you online?
- Fallingformoney.com
- Download a free copy of her book
- Krisstina.com
- Fallingformoney.com
Tweetable Quotes:
- The game of money is really how much money you keep.
- The simple answer to making money is you spend less than you make.
- There’s an average of $3,000 of unplanned expenses every year.
- Don’t sacrifice your health for wealth.
Resources Mentioned:
Buildyournetwork.com – Podcast website
BYN.media/fb – Facebook Group
WealthyWellthy | Krisstina.com
Fallingformoney.com – Krisstina’s first book, free download
0 Comments