#310 Krisstina on Profit First for Real Estate Investors with David Richter
Are you making good money but still struggling to build wealth? You're not alone.
In this eye-opening episode, David Richter sits down with Krisstina, as she shares her journey from rags to riches to rags and back again, offering invaluable insights on personal finance and wealth creation.
The main focus of this conversation is debunking the biggest money myth: that making more money is the answer to all financial problems. Krisstina explains why wealth is built at home, not in business, and provides practical steps to calculate your "good enough" number for financial satisfaction.
Throughout the episode, they discuss common money problems, the importance of profit in both business and personal finance, and how to break free from the earn-spend trap. Krisstina also shares details about her Financial IQ quiz and the valuable resources she offers to help people on their journey to financial freedom.
If you're ready to transform your relationship with money and learn how to build true wealth, this episode is a must-listen. Tune in now to gain the knowledge and tools you need to secure your financial future.
Upcoming Workshop
Make 2025 the year of you! A goal without a plan is just a wish. Get these resources from Krisstina's planning workshop to stop wishing and start planning in 2025.
Key Takeaways
2:09 Kristtina's Background
5:28 Financial Wake-Up Call
8:01 Building Wealth vs. Making Money
11:09 Learning Money Fundamentals
14:21 Childhood Influence on Money Habits
18:25 Money Mindsets and Beliefs
23:02 The Earn-Spend Trap
28:01 Profit First in Business and Household
31:35 Determining How Much Money is Enough
36:10 Steps to Financial Satisfaction
38:09 Resources and Next Steps
Memorable Quotes
"Money is math. Money's black and white. Money has very specific rules and laws and metrics that if you follow them, you can be rich."
"We build wealth in the household. Not through your business, not through your corporate job, not through your side hustle."
"The answer to all my money problems is to make more money. That's the number one money myth, the biggest money lie out there."
"How much money is enough? It's an equally philosophical question as it is practical."
"Money will evaporate. Money loves to move. So it was just moving into the wrong pockets is ultimately what we're allowing it to do."
Resources Mentioned
Wise Money Method Quiz: wisemoneymethod.com/quiz
Simple CFO: simplecfo.com
The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley and William D. Danko - https://amzn.to/3BDjMNI
Think and Grow Rich by Napoleon Hill - https://amzn.to/3Dl3FF0
The Greatest Salesman in the World by Og Mandino - https://amzn.to/3P9hLvD
Connect with Krisstina
Website - https://wealthywellthy.life/
Instagram - https://www.instagram.com/krisstinawise
YouTube - https://www.youtube.com/@krisstinawise
Krisstina's Book, Falling For Money - https://www.amazon.com/dp/0692560904/
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