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Are you struggling to build wealth despite a high income? Discover why your relationship with money might be holding you back.

In this episode of Wealthy Wellthy podcast, host Laura Alamery and Liz Klingseisen welcomes Krisstina Wise, a successful real estate investor and money expert, shared her journey from financial struggles to mastering wealth creation.

The main focus of this episode is understanding the crucial difference between income and wealth. Krisstina explained how high earners can still find themselves trapped in a month-to-month financial cycle, and reveals the mindset shifts necessary to build true wealth.

Throughout the conversation, Krisstina delve into her five categories for mastering money, including developing a positive money mindset and cultivating a healthy relationship with finances. She also touches on the importance of financial literacy and how it relates to successful real estate investing.

Ready to transform your financial future? Listen now to gain invaluable insights on breaking free from limiting money beliefs and learn how to leverage real estate investing to create lasting wealth.

Key Takeaways

5:50 From high income to financial despair

11:07 The journey from duplex to portfolio

15:25 Five categories for mastering money

24:31 Overcoming limiting beliefs about money

31:00 Financial IQ quiz to assess literacy

Memorable Quotes

"I learned that there's something different between income and wealth. People in the income game are in the month-to-month game regardless of how much they're making. Wealth is through assets and building a portfolio and a balance sheet."

"Real estate investing is one option. The idea is to ask ourselves: Do I want to master money? Do I want to understand it? Do I want to grow with it?"

"Most people have a dysfunctional relationship with money. If we want to be in the wealth game and build financial independence, we need a positive money mindset and a relationship where we enjoy spending time with it."

Resources Mentioned

Real Estate Investing Women Podcast - https://realestateinvestingwomen.com/

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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Podcast Production & Marketing by FullCast

Welcome. You are now tuned in to the Real Estate Investing Women podcast. Laura and myself, Liz are a mother daughter duo that has a combination of lifetime experience. With Laura having over 35 years of experience in the business and I came in a little over seven years ago with a more modern and virtual approach to investing. Combined we create a winning formula. We are dedicated to empowering women as they start or scale their own real estate investing journey. We offer a supportive community of like minded women up to date training and strategies and showing you how to build a real estate investing business of your dreams around your lifestyle. We are going to share with you the real deal and real life experiences as it comes to real estate investing. Listen in and today we will address a specific topic and answer your burning real estate questions. Begin to be sure to email in your questions to be featured@questionsalestateinvestingwomen.com let's get started.

Hello everybody. Today we have a special guest. Her name is Christina Weiss. And we're going to talk about two topics everybody want to hear about, right? Money and real estate. But more important is like how do you get to be successful in real estate by understanding some of the dynamics and pieces that have to go into place before you get to the real estate and that's what I would love to have. Christina gave your input because she's able to really, she put this in buckets in categories to get from where you are to be successful in real estate by understanding some of the dynamics behind it. So welcome Christina on the show today.

I'm so happy to be here. Thank you.

Great. So let's jump right into it. Before joining the real estate industry, I know you've been and you are a very successful real estate investor. Can you share a little bit about your life and experience that influence you to decide to become a real estate investor?

Yeah, I mean you and I talked offline to say hey, we really have some similar stories here. And so I love that. I just love it when we as women can share similar stories and, and really show what's possible especially through real estate investing and how powerful it is as a tool to really change our lives when we, when we believe in ourselves and understand how to do it. But you know, mine's my, my money story started in a trailer home. I used to be very ashamed and embarrassed to say that. Actually I would never say it because I was so ashamed for people to even know it and because I worked so hard to escape that life and those beginnings. But now it's like it's Just part of the story. So that's. That's where everything started there. On the sad side of that is, you know, we. We had money problems. I mean, it was the lifestyle of food stamps and. And powdered milk and lots of financial arguments and screaming matches and a very dysfunctional alcoholism. You know, all the things that kind of come with that type of probably poverty. And so I worked really hard to get out of that from a young age. And. And I learned from a young age that, hey, you can. If you have money, life is easier. I started to set. So I hustle and work jobs and I mean, I probably worked since I, you know, could figure out how to make money myself and. And did all the way, all that to even put myself all the way through college, being the first in my family to ever not even go to college. But college wasn't even something that was on the radar. Like, it. College is what other people did. It wasn't part of, you know, my upbringing and familial, you know, structure. So anyway, did all that, went to college. And then after college, I accidentally, of all things, got into real estate sales and real estate sales because I was a hustler, because I love money, love making money. I was. I was very much motivated by awards and success and wanted all the trophies. I want to be number one at everything. You know, back then, that mattered a lot. I made a lot of money in real estate as a salesperson, and real estate sales as a career is a great career. You know, you have the tenacity to do it. But what happened is that I made all this money and then I spent all my money and I didn't pay taxes and I got into debt and I got into a terrible situation financially. And then I got divorced and was a single mom. And part of that is I made all this money. And then after divorce and fighting over stupid stuff that seemed to matter at the time, I found myself in a financial situation after getting divorced where I had no income because I was 100% commission. And this divorce was heinous. And so that took all my attention. And then I was the primary wage earner, so the courts gave me all of the debt, which at that time, I didn't even know we had as much debt as we did. I didn't know at that time that if you're married, a spouse can put a lot of things on a credit card, and even if your name isn't on it and you don't know about it, you're still responsible for it, you know, So I learned a lot of things like that. And there was just, you know, there was over six figures of debt, there was a couple, six figures of tax liens because taxes hadn't been paid and I had no income. So I just found myself in this financial despair, existential despair of I cannot turn on the lights, I can't afford to turn on the utilities in a crappy little apartment after living in a big house and, you know, all the things. So that really sent me after, you know, I realized it gave me this one question, two things. I noticed that even though the more money I made in selling, like each year I'd make more money, it's like I was always more stressed about money. So I thought at the time I see him, why is it, why am I always month to month? Why, why am I always like working to hustle next month to pay last month's bills? And I was month to month even though I was making more money than I could ever imagine was even possible to make. And then I hit that next roadblock where now I have nothing and less than nothing and I'm responsible and have no escape plan and nobody saved me. That was my second question is, the first question is, how do I make all that money? And kept making more each year, but each year I was, each month I was month to month. The second question I found myself in is like, how did I have all that money and wind up in this financial situation? And so was that like, say, crossroads, I guess, where once I got over my pity party and realized that I've got these two babies, I have to figure out how to take care of that. I realized that there was more to this money equation that meets the eye. And that's where I went on to study money and start reading books and start doing workshops and then, you know, all the things that bring me to where I teach money today. But I learned that there's something different between income and wealth. And people that are in the income game are in the month to month game regardless of how much income they were making. Even like high income earners like I was. And then there's this thing called wealth, which wealth is through assets and building a portfolio and a balance sheet. So I, I, what I realized is that, you know, we're not taught. I mean, I had an accounting and finance degree in college, so even with those degrees, I knew nothing about money and how money works and still found myself in that horrific financial situation. And money's just not taught in school. Like personal finance is not taught in school. Accounting is not about becoming wealthy. Accounting is how to, you know, arrange your money to save money on taxes. Usually, you know, bookkeeping is just to kind of keep the money where you can see it all in one place. But none of it is about teaching you how to build wealth and how to get rich.

It's.

It's not taught and it's not a. It's not a mindset and understanding and literacy we have. So that's what I learned. It's like, oh, regardless, even of that degree, I had total financial illiteracy. Like, I couldn't read and write money. And I find that's where most people are today. So that's become my passion. And I learned once I learned that, and I was in real estate at the time, so real estate investing. But even looking around over the years of becoming, when I was in real estate and I had a brokerage and I ran a really big real estate business out after sales, but what I realized is my peers that were probably selling as much or more than I did in real estate, because I was a top producer, I was one of the few that bought real estate. You know, we were all selling it, but I was one of the few that bought it. And I didn't really realize I had time. But later I realized, like, oh, my God, I've really got a net worth and all this. And everybody that I kind of started with and my peers, they're still hustling. I don't need to hustle like that anymore. And then I also realized it through having a brokerage and have hundreds of agents that went through my brokerage, you know, at any given time, the same thing. Like, I try to teach them wealth, but it was just the hustle game, the income game, the commission game, and just realizing again that there's this misunderstanding about money, that money, like income and wealth are very different. And so I love what you're doing and really teaching women, especially, like, hey, let's get in the wealth game, especially as women, let's learn money, understand money, feel powerful, but with money, and the way you do that is through investing.

Right now, you know, I like how you separate the concept of income from wealth, right? Because that's the. The basis of it. And even within real estate, different strategy. Some target more wealth, some target more income. So. And also, you know, just tell me a little bit then through your evolution, you know, as far as being a real estate agent, but then also being an investors, how did you evolve from being an agent and what type of investor was for you Next. And where are your current projects right now?

Yeah, I mean it first started when I read the first book, you know, way back when and it was such the light bulb and we've heard all these things but you know, the piece of advice was, you know, don't just sell real estate, buy it. And, and it was the way to get started is to buy a duplex. You know, so I read this and I said it made a lot of sense and that's actually how the first move I made. And again I read the book and, and that was the first thing that I did was I found a duplex and I thought, okay, if I can get the front unit to pay for where my kids and I live, that I can do rent free while I build myself back up. And I just need a couple years to get out of this, you know, horrific financial situation, get back to where I was. And I was learning money and different principles at that time. So I felt pretty convinced at that point I wasn't going to get myself, dig myself in that same hole again. So that was, that's where it started was. And then once you, once you become, it's like you just need that first thing to really get it. Even if you read the books, listen to the podcast and it sounds great, you don't really get it until you do it and then you understand how beautiful real estate is and how real estate cash flow is and how it, how it works. So it's just getting that bug and that experience and it's like this is awesome. You mean they're paying me and I've got cash flow and I can do this over and over and over again and then that's just what it was and then, you know, just over time I've always dedicated a certain percentage of my working income that I would put into my investing bucket that was for me just allocated for buying that next piece of real estate. And you know, I've done for me now and where I am and you know, doing this for 20 years, I've done a little bit of everything. And it started with the simple duplex and having just them pay the basically enough rent that it covered my rent. And then you know, I, I bought lots of purchase deals with zero down through seller financing deals. I flipped deals. I. But I've really been a buy whole strategy. So I've really worked for my, my investing strategy has been a cash flow strategy because once I really started learning about money and wealth and then I got really interested in this thing called financial freedom or financial Independence. Then I just kept becoming more targeted and more strategic about it that hey, I know that I need this amount of monthly income from my real estate to pay for the cost of my lifestyle and I need this amount of cash flow and this amount of probably real estate to do it. So then that just became my strategy. It was like over 10 years. It's just being very focused on building a portfolio that if it went according to plan and it doesn't always go to according to plan. A lot of lessons in there, like learn some tax lessons from flipping deals and you know, some things that I had to learn the hard way because you can't be afraid to make mistakes either as a real estate investor that you're going to make some mistakes and growing and learning process but, but it's going to. The mistakes wash themselves out at the end with the experience, you go on to the next deal and you keep making it happen. But ultimately my strategy has been a buy, hold strategy, build a portfolio. Even though I've had some flips and things to kind of double cash flow and double cash and reinvest and that type of thing in there, it was just continuing to be strategic to know that I need to buy this amount of real estate probably on a, an annual or kind of biannual basis to be able to hit those numbers in 10 years. And I just work backwards. So that's been my strategy. And then, you know, I've sold a lot, I've done all the things. And then today it's, you know, it's being at a place where my real estate holdings, the cash flow from my real estate holdings pays for really nice, you know, life. And you know, I don't think there's anything as full passive income in real estate. But I manage my properties. I don't have to manage them. I could pay somebody, but I don't mind. Managing technology makes that pretty easy these days. And you know, so yeah, it's just a, it's. And I think you're there. But what I teach, I teach people money like the fundamentals of money, financial literacy and understanding the money mindset, money mechanics, so that we flow our money from our working income in a way that gives us the opportunity to have enough money to invest. A lot of people want to invest, but they don't have the resources to do really invest in real estate. But they don't have the resources to do it because they don't understand how to build a system that funds your real estate investing endeavor. So that's what I teach now is, okay, you want to be a real estate investor, great. But you need to probably learn and do all these things before it beforehand to make sure you have the resources to be able to do so.

Okay. And so, and I know we talked, you know, mentioned briefly off just before we got into this podcast about what you categorize the five categories, you know, so do you want to briefly say what is the journey through these five categories that you say, you know, you have to go from here to there in order to master your real estate investing strategy. You want to mention what the five categories are?

I would love to. And it's so it's like mastering money. So money is kind of. Money is this broad topic. You know, it can mean a lot of things that means different things to different people. So it's this one word that in different contexts means something different. But we just use the word money as kind of the overall thing. But money has all these parts to it, like I said, these, these parts and subparts that if we really want to build financial wealth and independence, real estate investing is one of those part, is one option. And the five parts that I'm going to talk about, but it doesn't have to be real estate investing. I'm just a real estate investor. And you are. So we're going to, you know, so we're big components of real estate investing. But regardless, it's. It's not about real estate investing specifically until you want to use that strategy to build your wealth, for example. But there's always other options. But the idea is, the question we want to ask ourselves is kind of what I say, two questions. The first question is, do I want to master money? Do I want to understand it? Do I want to grow with it? Do I want to master this thing called money? And what I found in my life and what I believe to be true are these. There's these three life buckets and these three life buckets. None of us have a choice to opt out of them. And one of those is the health bucket. That health bucket of life means we can have all the money in the world, but if we don't have our health, we don't have wealth. I've been in that financial situation. I was churning and burning for so many years and just so hustling, hustling and grinding, grinding and building, building that I lost sight of my wellness piece, that my body is my number one asset, that without my body, I can have all the money in the world. And if I'm in bed and can't get out of bed and fighting for my life. Life isn't too great and I can't experience life. So it was just. I had to even learn my own personal lesson that like oh, the. It's not just about the. It's not. It's never about the money, but it's about the quality of our health. And so we want to be able to pay attention to our health. But when we're always strapped for money, it's hard to pay attention to our health. And we can invest in our health and in all the things. Like I come across so many people through my work that they have health crisis and they don't have the financial resources to try to help them with their health crisis. So it's just a downward spike. But that's one bucket of life. The second bucket of life is relationships. And the quality of life is directly tied to the quality of our relationships. And so many times when we're just in the chase and pursuit of money, the, you know, we're not paying attention to our relationships, we lose relationships with our kids, it's spouse isn't so great. Friendships, maybe toxic relationships, the different things. But the quality of life is tied to relationships. So this money thing then is the third bucket that we can opt out of. It's a really big bucket. And if we don't understand money, then if we are in financial crisis all the time, it's going to affect the quality of our relationships and it's going to affect the quality of our health. So these things are these three life buckets and they're in extra really linked like they, they all link up to one another. So then when we can understand that, it's to understand that the money at the end of the day in any form in our life, just money in general, we want to arrange things where it's looking like the money, the reason or the why of the money is to underwrite and support the cost of living a good life that comprises of great relationships, good health and enough money to spend every month that lives to good quality, meaningful life. So that's kind of what I teach. It's kind of this philosophical place under the overall gist of money is to understand it's not about the chase of money. It's not even about financial independence. It's about life and the quality of life. And when we have financial independence, it boosts the quality of life because we don't have to hustle and we have financial safety and security that just makes life easier and we get more of our Time back. So it's all about quality of life. It's not about the money and in general, but so that's kind of the idea there. The second thing is, if that's true, there's what I call the number one most important financial question we can ever ask ourselves and know the answer to. And that is how much does it cost to live a good life? And it's just again, it's equally philosophical and practical. But I think everything starts there long before we're real estate investors. Like how much real estate do I need? How much passive income is enough, you know, and reverse engineer into all these other numbers. So we just have to get really so in the. When we can accept that money is this really important fact of life factor of life and we say I want to master and get good at that, then that takes us to this place of what is mastering money. And that's these five categories that you mentioned. And the first one, when it comes to money, we hear this all the time, but it is true. But it is the mindset of money. And if we're in fear and scarcity and we're repeating our patterns that we grew up with which we are most people again that come across my desk, their mindset is, it's a weak mindset, it's a destructive mindset, it is a scarcity mindset. So that's the piece. And, and when we're saying things like I can't afford it, I don't have enough money to ever be an investor, I'm stuck in a dead end job, I'm. There's never, there's never enough and whatever that mindset is, but it's so key. I'm not, I'm not smart enough to do money, I'm not starting up to be real estate. All that's just mindset. And it clutters our mind and it keeps us from taking action. So that's one of the pieces when it comes to money. To start doing the work is to start working on our mindset. And there's lots of books out there and courses and things, but it's just to understand that even, you know, before I understood the mindset piece, my, you know, I just had this deep embedded belief, subconscious belief that I wasn't worthy of having all the money. My, because my whole lineage was poverty. So I would make, make millions and half millions and I'd do some stupid dumb mistake where I'd lose everything. And it's like, how the hell do you lose a million dollars like overnight basically and it was kind of stupid stuff, but because I deep inside I could make it. But I always had to get back down to zero somehow because my mindset was off. And then I did mindset work. It's like, okay, now, now maybe I can start keeping this. I don't have to be in these big yo yos. So that's the mindset piece. And the next one is our relationship with money. And our relationship with money is different than the mindset. Mindset is kind of like abundance and scarcity. Good enough, positive, there's always more. You know, I'm a creator, I can do these things. A relationship with money is just that it's, it's our behavior with the money, it's how we relate to it. It comes from the mindset. But it's more about less about the mind and more about like our, our practices with it. Like, so it's like a relationship with the spouse. I always say that how great would your marriage be with your spouse if you neglected your spouse, never touched your spouse, never talked to your spouse, complained about your spouse to the spouse all the time. Probably not good. But that's what we do with money. That there's. Most people, again, they're afraid of money or whatever the case or whatever their mindset is which keeps them to this. The relationship is neglect. They neglect their money. Their relationship is abdication, meaning I just want to make money. I don't want to be responsible for the bookkeeping or for tracking it or for budgeting it or anything. Leave that to the bookkeepers. It's so it's application, it's neglect, it's avoidance. Like, oh, I don't even want to open this month's bills because I'm afraid I probably spent more than there's there and I just rather avoid it completely. And so. Or I don't have enough time. Like who wants to do bookkeeping or who wants to track their money? Like, I'm too busy and I'm all these things. I don't have time. So we have these excuses for having what I call like a dysfunctional relationship with our money. And so if we want to be really in the wealth game and build financial independence and build financial security and even have money that feels good and it's a really positive part of our life. We really need a positive money mindset and we need to have a relationship with our money where we enjoy spending time with it, we enjoy tracking it, we enjoy being in QuickBooks and tracking every dollar and managing that money powerfully and wisely. And intentionally. So that's the first two categories. Any questions on that? Does that.

Wow, that's a lot. So a lot of the women that come to us, you know, like you said, they had the wrong relationship with money. First of all, they come from a place of scarcity. Also, they come from a place of, you know, of lack of abundance or limiting beliefs, you know, that it takes money to make money. Money doesn't grow on trees. You have to work hard for your. And so that's all misconceptions that most of us were raised with. Right. They come from, you know, even me and my family, you know, it just almost. They made fun of money. You know, being smart and going to college and getting education is more important than money. And money was. They were very frugal, even if they had the money. But then at the same token, they choked the abundance of money. Right. So when a lot of women are in this predicament. And so with that said, based on what you have gone through, how can you start to step out from that into understanding the abundance of money or changing your relationship with money? What is the first thing somebody could do?

Yeah, I mean, the first thing I think is it comes with a choice. So we can either choose to stay and do nothing and stay in the mindsets and the relationship and the belief structure we have and do nothing. And so it's. To me, it comes with making a declaration and commitment to ourselves and, and, and saying, today's the day I'm going to change things. Today's the day I'm going to change my financial situation might take some time. And it's, you know, it's akin to, you know, people, let's say, that have a health crisis, let's say, you know, they've not been paying attention to their health and now they're in a health crisis and, you know, whatever the thing is, but it's like, today's the day that I'm going to get my health back. I'm going to learn and do what I can learn and do to take control of my health, reverse this disease or whatever is going on, and I'm going to be healthy. So it comes with that type of like, personal declaration. And then it's understanding too that, okay, it took me a while to get to this financial kind of. Not financial, but, but physical kind of disease state or whatever, and it's going to take me a little while to get my health back. But others before me have gotten their health back and have done the work and have. Are super Healthy. I have my models, I have my mentors. So I know it's possible and I know I can do it too, you know, so. So it's just understanding. But it starts with making a decision. So with money, it's like today's the day that I'm going to learn something. Today is the day I'm going to make change. And then that when we make that declaration, then the next question is where or who do I go learn from that can guide me and help me and where do I need to start? And so then that's responsibility on us is to look for places. But it all comes with a decision. But I'm sure you're the same. But I have a money, I call it kind of a money school, but basically it's these classes and I take people through 12 weeks to learn this thing called money learn so that they come out financially literate and powerful and understand all these categories we're talking about and so on and so forth. And it's everything we should have been taught. Money in school. But they didn't teach that class. And leaving that, I just got off the coaching. Not even a coaching call, but a completion call with one of my students right before you and I got on. And she's a, she owns a hair salon. Single mom, owns a hair salon, works a lot. Did you know, has a Hispanic background. And she's telling me like culturally, you know, we never talked about money. And culturally it's always month to month. And culturally, you know, we, we are terrified of banks. And so we put our money in the tamale drawer, which, you know, I thought was cute, but. But she said, you know, going to this program, oh my God, now I understand everything. And now I understand how much control and power I have. And I'm going to teach this to my children. I'm going to change now the legacy that, you know, I'm going to change this whole month to month poverty kind of mindset that I've grown up in from our kind of Hispanic upbringing. And my kids are. I'm different now and my kids are going to be even better. So that's an example. It just, she just was thinking like, oh my God, thank you. This is so life changing. All these things I didn't know. I didn't know. So the reason why I tell that story is because she chose. She found herself kind of in this financial situation she want to be in. Oh. And she said, Christina, this is the first time I've ever invested in myself. And your, your program was a Big financial investment. But I made this choice that I was going to get out of this financial month to month. Yo, yo, that is my life and my parents life before me. And, and so, and I, and I did this and I'm so happy I did this for myself and blah, blah, blah. So I'm telling that story because I have all these calls of people who have, they're in a financial situation where it has to change. They're miserable in, they're telling me their whole story about how, you know, life is miserable in their current financial situation. And these are people that have money know. We're not talking people, we're not talking about those that are, that are in poverty. We're talking about, you know, good dual income families. But they, they, I talked to them, they've already admitted that things aren't working yet. Do they do anything to make any change? They don't make the choice. And so they don't, you know, work with me or anybody else or they don't need to go buy the book. And so they stay in that situation. So really, it just, it really comes with, I think that real emotional commitment that says today is the day I'm going to change this situation. And once we make that decision, everything else will start to work out. That's where the right person, the right program, the right something, something's going to drop in the lap, right?

Yes, very, very true. So how can the listener find out more about you? Website, social media? How can they get additional information and connect with you?

Yeah, so I mean social media, what I really love that the best thing to do to get in touch with me is I have a quiz and this quiz is, I call it the financial IQ quiz. And it's 10 questions, 10 simple questions. You can do the quiz in two minutes. But they're very thought provoking questions. But it's to kind of grade yourself on your financial IQ or financial literacy if you will. And by doing the quiz and answer these questions, what's really interesting is thousands of people have taken this quiz and if you say, if we, you know, say you have to get an A on the quiz to that to really be in the wealth game and to be able to really be on the trajectory of creating wealth and creating, you know, financial, it's, it's not financial independence. You don't go from zero to financial independence. But typically we go to, from survival and we can, we can be making $200,000 a year and still be surviving. And what that means is we're month to month Every dollar that comes in is every dollar that goes out. There's no freedom in that. And that's where most people are stuck in what we call the month to month, regardless of how income we, how much income they make. So that's, that's going, that's when we're at zero. But the, the journey is to go to survival is like being in debt, which usually zero means we have a lot of debt that keeps us, meaning it's month to month, there's nothing left over. But then it goes from financial survival to some financial safety, meaning we have a rainy day fund, we have some extra cash sitting around that if we get in a bind, we've got some wiggle room. You know, we don't have to put the, the vendor bender deductible on a credit card because we have zero extra cash sitting around. So that's, that's going to that place of just feeling a little bit more safe. So from survival to safety and from there it's getting to the place where we're having some financial success. Now we have more buckets of money set up and maybe we're working to what we're putting away and maybe in some simple investing or something. But, but we've got some cash, we've got more wiggle room, we're out of the month to month cycle. We're on the same page spouse, we've got a good relationship, we're tracking our money and we're seeing it grow. So then that's moving from more safety and security to more success. Far from independence, you know, far from where we want to be. But we see the trajectory, we're on the right track. And then, you know, from success then we go to more, closer to that place of financial freedom. So it's to understand it's a secure, it's a, it's a journey. And that, you know, if we want to go, I call it the money spectrum. On the left side of the spectrum, you know that we have this spectrum, this, this horizontal line and the spectrum in the middle is 0. On the left is red. That means our net worth is in the red. That means we have more debt than we have assets, more liabilities, we have assets. And when we get to the right of zero, which is in the green, that's the money spectrum that over time we're going to get farther to the right, farther to financial independence. But again, just, we want to get to the green. We want to get out of the zero game and we start, want to start to build that Net worth, which is wealth just a little bit more. We go from maybe 5, we're worth $5,000 more than our liabilities, then it goes to 10,000, it goes to a hundred thousand, then goes to a million. But again, that's over time. But it's to understand that if we want to move to the right side of the money spectrum and hit this place by financial independence, we have to be financially literate. We have to understand how money operates. We have to have the right mindset. We have to have a powerful, good, close, loving, kind relationship with our money. And we have to be able to manage it and track it and want to really well and live our life like the CEO of our life in a way, a CFO of our life in a way where we know the numbers and we know what we're working towards and it's learned. We have to learn how to do that and learn what numbers we need to know if we want to be in the fight, if we want to create financial independence. To go back to answer your question, the quiz kind of grades us how we're doing. And like I said, out of the thousands of people that have taken the quiz, the average score is 33%. That's just my little sampling those. And I want to get to the place where hundreds of thousands have taken the test versus maybe tens of thousands, maybe I want to get to place where millions take the test. But just the more so as a sampling to show we don't know anything about money. Why? Because we're not taught in school. So we want to learn all these elements of money that finally to your place it takes, you know, people to you is like, hey, I understand money. I've got it operating, I've got moving, I've got my mindset, I've got my relationship, I've got my habits and practices. I've got my different buckets that I'm growing. One of those is an investing bucket. And now I've got all this cash sitting around. Where the hell do I invest it? And that's where you're like, you would say, laura, you say, come to me. I can show you to be how to become a real estate investor. That that money that you've learned and now that you're intentionally growing and building to invest to create wealth, I can show you how to do that best. And you know, that's the magic that you do. But a lot of people, they don't have the resources, the mindset or the resources really to be able to ever have the bucket of money. Either the real bucket of money to that you can show them how to invest or the mindset, you know, the stories that they tell themselves that would cause them to say yeah, I can be a real estate investor. But all that's reflected on the quiz. So I just invite everybody to take the quiz, see how you're doing. And as a virtue of the quiz, I give you a workbook. That's a workbook. That's the how much money is enough workbook to get you started on the path to wealth. And that's the best way to get in touch with me.

Okay, and what is the URL?

Oh, it's Wise money method dot com. Wise money method dot com forward slash quiz.

Okay. Okay, great. So yeah, we will make sure that everybody knows because yes, definitely is allow people come to us to learn about real estate. But the thing is they don't have the skills to even get in the game. You know. And the thing is yes, they look in the real estate as the solution for the problem. But that's, and even with that they can't make that a solution because they, their attitude about money, their awareness about money is so wrong that they just, you know, can't gap the 2. And the thing is it's like, you know, it's a touch and go situation and then they doubt and second guess themselves and they have problems and fears and all of that and then they just get themselves in even in deeper water just because they don't know what they don't know. So now that definitely very powerful what you share with us. Well, thanks again for taking the time and you know, it's definitely a valuable tool. We do talk a lot about mindset around money because I, I feel like you, we need to reverse engineer where we want to go. You know money, I always say real estate is the tool to get you to you want to go. Is it too to be the, the life that you want. You don't want to over build a business that you have to build your life around. Like a lot of people, nine to five, right. They, yeah, they go there and shop to work it off and every else. Everything else around their life is built about their 9 to 5. That's what the great thing about real estate. You don't have to do it, but you also have to clean up some things there to make you realize this is the life I can do and like a relationship. And like you said, you know, money is not the solution of everything. If you don't have your health, if you don't have the relationship and the support system around you and you know, what you're doing. Money is you can have a lot of money and be totally unhappy, you know, and, and I'm the first one to say I've been there. I've been a time in my life where I had a lot of money. And I mean, my relationship were falling apart. I was not happy with myself. So the money meant nothing. You know, the, the things meant nothing. So it's a, it's a very true. Is, is a much deeper subject than people, you know, realize sometimes. Great. Well, thanks again. So you can reach out at wise money method.com in forward slash quiz to definitely get that filled out, kind of an assessment to see where you are on the scale. And yeah, thanks for sharing with us.

My pleasure. Thank you so much.

Yeah, you're welcome.

And that wraps up another episode of our REIW podcast. We're thrilled to have you as a listener and we hope you have found today's discussion helpful. If you're looking to take things to the next level or just get started in investing, consider following us on our social media. We are on YouTube, Instagram, Facebook, LinkedIn, Twitter, you name it. Ealestate investing women. Or check out our website at www.realestateinvestingwomen.com. talk to you soon.