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#310 Krisstina on Profit First for Real Estate Investors with David Richter
Episode 310 • 23rd December 2024 • Wealthy Wellthy Podcast • Krisstina Wise
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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

If you're looking for more ways to elevate your life and business, join me for my FREE annual Goal Setting & Business Planning Workshop, a half-day, hands-on session where you’ll learn the exact system I use to design a life and business that truly align. This is not just a learning experience—it’s a doing workshop, where you’ll leave with a clear plan and actionable steps for a business that produces profits that fully support the life you want. Register HERE: https://fullcast.co/ww-gsw

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/

🎙️

Podcast Production & Marketing by FullCast

Transcripts

David Richter:

Hey, everyone, it's David Richter here again, and

David Richter:

I have Christina Wise in the studio. Super

David Richter:

excited about this one because a lot of people

David Richter:

come on either as real estate investors or

David Richter:

different people in their niches and all that.

David Richter:

But Christina knows money. Like she. She talks

David Richter:

money all the time. She has her own podcast, the

David Richter:

Wealthy Wealthy Podcast. And then I want to make

David Richter:

sure that everyone gets around what she does,

David Richter:

because she also works with people on the

David Richter:

personal finance side as well, too, which a lot

David Richter:

of people don't get that any of that help. So,

David Richter:

Christina, I'm really excited for you to be on

David Richter:

here today and to bring a lot of value to the

David Richter:

listeners. So thanks for being here.

Krisstina Wise:

My pleasure. I'm looking forward to the

Krisstina Wise:

conversation.

David Richter:

Well, then, before we get into it, some people

David Richter:

might not know your background, where you're

David Richter:

coming from. You want to give just a quick

David Richter:

overview of, like, what you've done, where you

David Richter:

are and what you're doing now, because I love

David Richter:

what you absolutely love what you're doing now to

David Richter:

help a lot of people.

Krisstina Wise:

Well, the funny thing about the story is that,

Krisstina Wise:

you know, if I had a crystal ball about five or

Krisstina Wise:

six years ago, within the crystal ball, had 100%

Krisstina Wise:

accuracy and said, hey, Christina, five years

Krisstina Wise:

from now, you're going to be teaching money,

Krisstina Wise:

you're going to have a money school, you're going

Krisstina Wise:

to be a money coach, you're going to be helping

Krisstina Wise:

people learn how to convert their income into

Krisstina Wise:

wealth, blah, blah, blah, blah. I just said,

Krisstina Wise:

there is no way. That seems like the silliest

Krisstina Wise:

thing ever, like, whoever had that idea? So I'm

Krisstina Wise:

almost as surprised as anybody else, is that I'm

Krisstina Wise:

here on one way, but on the other hand, I know

Krisstina Wise:

that this is exactly what I'm meant to do. So,

Krisstina Wise:

you know, the universe had had more knowledge

Krisstina Wise:

than I did, which isn't any surprise. But what

Krisstina Wise:

got me here ultimately is most of my career was

Krisstina Wise:

in real estate. So I started in real estate

Krisstina Wise:

sales, did very well in sales, made, you know, as

Krisstina Wise:

a top salesperson, made a good amount of income,

Krisstina Wise:

and then went on to build a real estate

Krisstina Wise:

brokerage, a title company, a mortgage company,

Krisstina Wise:

just all the stuff. So that was my background is

Krisstina Wise:

25 years of real estate. And the real estate was,

Krisstina Wise:

you know, mostly on the business side of things,

Krisstina Wise:

but personally. And I had a lot of claim to fame.

Krisstina Wise:

Like, I was very well known citywide, nationally

Krisstina Wise:

and in the industry. So publicly I had this

Krisstina Wise:

public identity of being this, you know, real

Krisstina Wise:

estate business leader. And. But personally, what

Krisstina Wise:

I know what happened personally, what Got me into

Krisstina Wise:

the money game as opposed to just, let's say real

Krisstina Wise:

estate. Even real estate investing for that

Krisstina Wise:

matter, is that early in my career I sold a lot

Krisstina Wise:

of real estate. I just kind of found my niche

Krisstina Wise:

and, and I, you know, I was the kid that started

Krisstina Wise:

in a trailer home and had nothing like one of

Krisstina Wise:

those stories. So when I started making a lot of

Krisstina Wise:

money in real estate, I thought, holy, this is a

Krisstina Wise:

lot of money, you know, and felt like I won the

Krisstina Wise:

lottery and I just didn't even know what to do

Krisstina Wise:

with it other than spend it and enjoy it. But I

Krisstina Wise:

found myself, you know, about a handful of years

Krisstina Wise:

later, divorced, single mom. And in this

Krisstina Wise:

financial state where I had, you know, similar

Krisstina Wise:

story, many have had just hundreds of thousands

Krisstina Wise:

of dollars of debt. My income went away because

Krisstina Wise:

it's 100% commission. Now I'm a single mom. I'd

Krisstina Wise:

been fighting in my divorce. So I wasn't paying

Krisstina Wise:

attention to making money because I thought I had

Krisstina Wise:

plenty of money and ended, ended up, I mean,

Krisstina Wise:

wound up where I had not only no money, but I

Krisstina Wise:

could not afford a place to live. I couldn't

Krisstina Wise:

afford utilities, I couldn't turn on, I didn't

Krisstina Wise:

have enough money to turn on the utilities. And I

Krisstina Wise:

had these two babies under five. So it was just

Krisstina Wise:

this big wake up call, like. And the only thing

Krisstina Wise:

that got me through and my kids through is I had

Krisstina Wise:

colleagues at work who had pitched in and got us,

Krisstina Wise:

paid our rent for six months and got us, paid the

Krisstina Wise:

electricity and dropped off some old furniture

Krisstina Wise:

and blankets, blankets and sheets and so on one

Krisstina Wise:

hand we were so lucky because I don't know what I

Krisstina Wise:

would have done had I not had these kind of just

Krisstina Wise:

peers and colleagues that helped out. On the

Krisstina Wise:

other hand, I was just filled with so much shame

Krisstina Wise:

and embarrassment. And here I was a leader in my

Krisstina Wise:

industry and in the city and I had to take

Krisstina Wise:

charity and handouts just, I mean, literally just

Krisstina Wise:

to turn the electricity on. And so it was just

Krisstina Wise:

it. That was a tough time. But once I got over my

Krisstina Wise:

pity party, I woke, I just. Finally two thoughts

Krisstina Wise:

occurred to me. Well, nobody can pull me out of

Krisstina Wise:

this jam but my, but me. And that too. There must

Krisstina Wise:

be more to the money equation than meets the eye.

Krisstina Wise:

Like, how the hell did I make all that money and

Krisstina Wise:

I'm in this horrific financial situation and I,

Krisstina Wise:

like, I didn't have an answer for it. Like it

Krisstina Wise:

made no sense. Like I just didn't understand. So

Krisstina Wise:

I just made a decision at that moment that I'm

Krisstina Wise:

going to learn money this is a game. Some people

Krisstina Wise:

have mastered it. I've looked at the statistics,

Krisstina Wise:

and over 75, close to 80% of Westerners are

Krisstina Wise:

paycheck to paycheck, regardless of income. So

Krisstina Wise:

those statistics alone tell us that we really

Krisstina Wise:

don't understand this thing called money. We know

Krisstina Wise:

how to make it, and we are pretty good at

Krisstina Wise:

spending it. And some people try to budget,

Krisstina Wise:

whatever that means, but nobody I ever talked to

Krisstina Wise:

loves to budget. So that's. And then we're

Krisstina Wise:

supposed to do this investing thing and, oh,

Krisstina Wise:

yeah, we're supposed to save. And it's just kind

Krisstina Wise:

of confusing. And at the day, we're just kind of.

Krisstina Wise:

We have this belief that the answer to all my

Krisstina Wise:

money problems is to make more money. So then

Krisstina Wise:

we're in the grind and churn it out and just

Krisstina Wise:

trying to make more money to figure out how to

Krisstina Wise:

pay all the bills, and that becomes what we call

Krisstina Wise:

the treadmill. So it's in that. In that discovery

Krisstina Wise:

and in that just desire to learn and get good at

Krisstina Wise:

this that I had ended up. I learned how to just

Krisstina Wise:

start building wealth as opposed to just making

Krisstina Wise:

money. So privately I was building wealth while,

Krisstina Wise:

you know, publicly I was building a business and

Krisstina Wise:

the identity and, you know, getting all these

Krisstina Wise:

entrepreneurial awards and, you know, could get

Krisstina Wise:

the T shirt for that. So that's what got me in

Krisstina Wise:

this journey. And then I had a health crisis

Krisstina Wise:

about a handful of years ago that woke me up to,

Krisstina Wise:

there's more to life than just working and even

Krisstina Wise:

building wealth, for that matter. But my wealth

Krisstina Wise:

is what saved my life because when I got sick, my

Krisstina Wise:

business deteriorated. I. When I deteriorated, it

Krisstina Wise:

just made me realize, like, oh, it's not just

Krisstina Wise:

about having wealth, and it's not just about

Krisstina Wise:

having money. It's why do we build wealth and why

Krisstina Wise:

do we have money? And understanding that it's

Krisstina Wise:

life that we need to care about in all these

Krisstina Wise:

categories of life and money. What's what? Money

Krisstina Wise:

is what underwrites the cost of living a good

Krisstina Wise:

life. And there's working income and passive

Krisstina Wise:

income. And over time, we want to. We want to use

Krisstina Wise:

our working income to create passive income to

Krisstina Wise:

one day when our passive income can replace our

Krisstina Wise:

working income. And that's the money game. And,

Krisstina Wise:

you know, then it's just learning how to play it.

Krisstina Wise:

So after that, I just thought, you know, I've

Krisstina Wise:

kind of figured this money thing out of all this

Krisstina Wise:

personal, you know, research and desire and trial

Krisstina Wise:

and error and kind of decoded it to what's ended

Krisstina Wise:

up to, you know, become my financially free

Krisstina Wise:

place. Today. And now I just have a passion for

Krisstina Wise:

teaching what I've learned and what I know and

Krisstina Wise:

what I've done.

David Richter:

So let's back up just a little bit. So you were

David Richter:

basically, you needed that help, which I think

David Richter:

it's. I know it was embarrassing. And you even

David Richter:

said, you know, the word shame. I'm glad you did

David Richter:

reach out to help. I'm glad there were people

David Richter:

there to help you in that situation. So then you

David Richter:

said you got off your pity party and then, like,

David Richter:

started down this road. But, like, what did you.

David Richter:

What did you get into? What was the next step?

David Richter:

Was it like, okay, I've hit rock bottom, so,

David Richter:

like, now let me research about money and wealth

David Richter:

and then I'm going to go out there and teach, you

David Richter:

know, as right away. Or like, what was that next

David Richter:

step? You know, like, from going to that low? Or

David Richter:

did you build a business in between there? Or

David Richter:

like, did you go back to real estate at all?

David Richter:

Because, like, there's. There's a lot of things

David Richter:

that you have that you've done. And I. Yeah, of

David Richter:

course, once I.

Krisstina Wise:

Came out of that place, like, I just, I. I just

Krisstina Wise:

start first. You know, I didn't have any money,

Krisstina Wise:

so I first went to the library and started

Krisstina Wise:

getting books on money. You know, there's so many

Krisstina Wise:

books out there. And even, you know, even

Krisstina Wise:

timeless books, like simple books like the

Krisstina Wise:

Millionaire Next Door, you know, of course, we've

Krisstina Wise:

all heard of Think and Grow Rich and the Greatest

Krisstina Wise:

Salesman in the World. Like, they're just. I just

Krisstina Wise:

realized that, man, there are all these books

Krisstina Wise:

about, like, the fundamentals of foundation.

Krisstina Wise:

Foundational. Foundational understanding of how

Krisstina Wise:

money operates. And it's been around for

Krisstina Wise:

centuries. Like, this isn't a new thing. The

Krisstina Wise:

money. And the money games rigged. The way it's

Krisstina Wise:

kind of spoken and taught and all the money

Krisstina Wise:

people out there, that's just one kind of big rig

Krisstina Wise:

system. If we don't understand it, we're just

Krisstina Wise:

part of the rig. So, you know, but once you start

Krisstina Wise:

reading these and understanding this, like, now I

Krisstina Wise:

can see what I was doing, which was sabotaging

Krisstina Wise:

everything that I was working so hard for and,

Krisstina Wise:

you know, combined with some ego and be attached

Krisstina Wise:

to, you know, making a lot of money means I get

Krisstina Wise:

to show off a lot of money and. And those things.

Krisstina Wise:

But when you learn these principles and wake up,

Krisstina Wise:

it's like, oh, now I see why, and I want to do

Krisstina Wise:

something different. But what I learned through

Krisstina Wise:

the discovery, and then I took workshops and then

Krisstina Wise:

I had mentors, and then, you know, it just it

Krisstina Wise:

just. But each. The thing is, is it snowballed,

Krisstina Wise:

but I started with little bitty investments, and

Krisstina Wise:

then, you know, the time and money I've invested

Krisstina Wise:

in learning money is pretty substantial. You

Krisstina Wise:

know, there's lots of zeros to that, but those

Krisstina Wise:

lots of zeros have turned into. To a lot more

Krisstina Wise:

zeros at the thing. But I think the only

Krisstina Wise:

difference about me is that I realized that there

Krisstina Wise:

was something to learn. There's something I

Krisstina Wise:

didn't know that I didn't know because I was good

Krisstina Wise:

at making money, and it was more than that, and

Krisstina Wise:

then really making the investment to learn it and

Krisstina Wise:

to do it. So. And it's paid off over time.

David Richter:

Yeah, it sounds like it was a rags to riches to

David Richter:

rags to riches story from, you know, because you

David Richter:

briefly mentioned childhood as well, too, like

David Richter:

living in trailer parks and stuff. So I guess. Do

David Richter:

you want to break down why once you had the

David Richter:

money, was it just because you didn't have any of

David Richter:

that training growing up and then just were never

David Richter:

exposed to anything then you did on the second

David Richter:

cycle of rags to riches again. So do you think

David Richter:

that's a lot of that contributed to that

David Richter:

downfall? And then just basically, like you said,

David Richter:

75% of Westerners paycheck to paycheck. It's just

David Richter:

our culture. So, I mean, how much of it was, you

David Richter:

know, the growing up and then, you know, just

David Richter:

everything that we're fed versus then you

David Richter:

actually make the money, you know, and then it's

David Richter:

all gone.

Krisstina Wise:

Yeah. You know, I love that question. It's. It

Krisstina Wise:

was a combination, for sure. I mean, based on my

Krisstina Wise:

background, that coming from a place where there

Krisstina Wise:

was no money, I mean, it was. It was impoverished

Krisstina Wise:

in that situation and just, you know, alcoholism

Krisstina Wise:

and absent parents and, you know, not having

Krisstina Wise:

money. And there is a lot of shame attached to

Krisstina Wise:

that as a kid, you know, and being judged and

Krisstina Wise:

almost being bullied, you know, not having money

Krisstina Wise:

and not having the right clothes and not. You

Krisstina Wise:

don't fit in, you know, and you feel separate. So

Krisstina Wise:

from a young age, the good that came out of that

Krisstina Wise:

was I was very motivated to make money, you know,

Krisstina Wise:

from a kid. Like, I worked if I wanted the

Krisstina Wise:

Jordache jeans, I was going to work and figure

Krisstina Wise:

out how to do it. And so, like, making money has

Krisstina Wise:

never been an issue with me. And what I found

Krisstina Wise:

with money is people kind of fit in these

Krisstina Wise:

different categories. Like money problems.

David Richter:

Yeah.

Krisstina Wise:

One is there's a mindset there that they can't

Krisstina Wise:

ever quite make enough money, you know, that just

Krisstina Wise:

they think money making money is hard. They have

Krisstina Wise:

narratives or beliefs about that. And so that's.

Krisstina Wise:

That's one problem. I never had that problem

Krisstina Wise:

because I was always so motivated to make it, and

Krisstina Wise:

I was willing to work my ass off to do it, and I

Krisstina Wise:

was very creative. And. And so. But that

Krisstina Wise:

motivation came from this. So the good that came

Krisstina Wise:

out of that experience was. Was the desire and

Krisstina Wise:

ability to make. Make, you know, high income

Krisstina Wise:

relative, relatively speaking. Now, another

Krisstina Wise:

category that I find people fall into is maybe

Krisstina Wise:

they're great at making money, but they suck at

Krisstina Wise:

keeping it for one reason or another. And, you

Krisstina Wise:

know, so that's where the second piece came into.

Krisstina Wise:

Because from a young age, I made money to fit in.

Krisstina Wise:

I made money to be judged positively. I made

Krisstina Wise:

money, no, like learning through experience that,

Krisstina Wise:

oh, if I have money and I can buy the right

Krisstina Wise:

things, People went from not including me to

Krisstina Wise:

including me, from being not cool to cool. So

Krisstina Wise:

that was like the. I guess maybe it worked as a

Krisstina Wise:

kid, but as an adult, it didn't work so much,

Krisstina Wise:

because then the more money I made, the bigger

Krisstina Wise:

the clubs I got to be in, the more I was even

Krisstina Wise:

respected and I was looked at. So I was feeding

Krisstina Wise:

that childhood story of I need to prove myself

Krisstina Wise:

and I need to show others how amazing I am by

Krisstina Wise:

virtue of my house and my car and the boats and

Krisstina Wise:

the private schools and all the things I didn't

Krisstina Wise:

know. That's what was driving me. But it was that

Krisstina Wise:

childhood story that was driving me. So

Krisstina Wise:

ultimately, the more money I made, the more money

Krisstina Wise:

I spent. And, you know, Parkinson's Law, meaning

Krisstina Wise:

expenses always rise to match income. And so that

Krisstina Wise:

just. That becomes. That becomes a paycheck to

Krisstina Wise:

paycheck. And in my case, it was commission to

Krisstina Wise:

commission, along with this belief that if

Krisstina Wise:

money's tight, I'll just go sell another house.

Krisstina Wise:

Like, I can sell another house. I can always sell

Krisstina Wise:

another house. So that became the pattern. But

Krisstina Wise:

that's where most people are located one way or

Krisstina Wise:

another is that with Parkinson's Law, expenses

Krisstina Wise:

will always rise to match expenses. And where,

Krisstina Wise:

you know, what was once a luxury becomes a

Krisstina Wise:

necessity. You know, most of us fit in there. And

Krisstina Wise:

then there's a cultural piece, too, where that

Krisstina Wise:

we. There's a biological piece where we all want

Krisstina Wise:

to fit in and we want to be part of the BMW club

Krisstina Wise:

or the Porsche Club or whatever. The more money

Krisstina Wise:

you make, we're just. We want to. We want to fit

Krisstina Wise:

in and show I've got that icon, too. I have the

Krisstina Wise:

financial ability to buy that icon also. And

Krisstina Wise:

that's just Very natural thing. So we don't

Krisstina Wise:

understand money, we don't understand we need

Krisstina Wise:

margins. Then we're just always working to keep

Krisstina Wise:

our identity ultimately is what that is. And that

Krisstina Wise:

ego. And we all easily fall prey to that unless

Krisstina Wise:

we're paying attention to it and understand that

Krisstina Wise:

we're probably in that game of making money to

Krisstina Wise:

spend money for our identity one way or another,

Krisstina Wise:

until the day we decide not to and understand how

Krisstina Wise:

to get out of that cultural narrative and that

Krisstina Wise:

biological urge to fit in. So that's the second

Krisstina Wise:

category that most of us, regardless of how much

Krisstina Wise:

money we make are. You know, it's expense creep.

Krisstina Wise:

Always creeps up to match it with that someday

Krisstina Wise:

when there's more money, I'll invest one day, you

Krisstina Wise:

know, one day I'll retire, whatever retirement

Krisstina Wise:

means these days. And so again, that's kind of

Krisstina Wise:

this subconscious belief that and behavior that

Krisstina Wise:

we're in. And that's the cultural. The third

Krisstina Wise:

category that I find people in that they're

Krisstina Wise:

actually decent at making money and decent at

Krisstina Wise:

saving money, but they'll never spend it. So then

Krisstina Wise:

they hoard it. And so they, their kind of mindset

Krisstina Wise:

is like it's still out of this fear of loss, a

Krisstina Wise:

fear of not having. So they have to hoard, hoard,

Krisstina Wise:

hoard, save, save, save, and never experience the

Krisstina Wise:

joy of spending it. Understanding that money's

Krisstina Wise:

meant to be spent, it's meant to circulate, but

Krisstina Wise:

within the rules of money of, you know, not

Krisstina Wise:

overspend, you know, spend the right amount and

Krisstina Wise:

enjoy it. And if it's given it all away and that

Krisstina Wise:

brings joy, then do that. But it's, it's, you

Krisstina Wise:

know, these money mindsets is like, oh, I mindset

Krisstina Wise:

there's some limitation. I can't ever quite make

Krisstina Wise:

enough. And I'm always in some type of financial

Krisstina Wise:

despair due to earning two pretty good at making

Krisstina Wise:

money. But I just, it's a lot of it that comes

Krisstina Wise:

from this unworthiness of like it's. I'm not

Krisstina Wise:

worth holding on to it or keeping it. I need to

Krisstina Wise:

get rid of it as fast as possible. So there's

Krisstina Wise:

some mindset usually stuff in there that for

Krisstina Wise:

people that just overspend, you know, shopaholic,

Krisstina Wise:

there's something like this urge or this

Krisstina Wise:

compulsion to just need to spend. So when that's

Krisstina Wise:

the case and to really be measure up, you know,

Krisstina Wise:

that external reward or that, you know, for that

Krisstina Wise:

external, you know, people, including us or

Krisstina Wise:

whatever. So there's that mindset or just self

Krisstina Wise:

worthiness that kind of fits into that too. And

Krisstina Wise:

Then the third piece, like I said, is just kind

Krisstina Wise:

of fear of loss or I'm not, I'm not good enough

Krisstina Wise:

to spend my money on. So you can see like

Krisstina Wise:

underneath all of these kind of three places

Krisstina Wise:

where people end up not. And where money is just

Krisstina Wise:

a sore subject one way or another, even if you

Krisstina Wise:

have a lot of it, but it creates chaos. There's

Krisstina Wise:

usually some underlying combination of money

Krisstina Wise:

beliefs because we all form all of our beliefs by

Krisstina Wise:

the time we're 7 to 10, we grow up and you know,

Krisstina Wise:

we learned to speak English, if that's what we're

Krisstina Wise:

taught. We don't. We didn't speak Spanish, we

Krisstina Wise:

learned to speak English. So everything that was

Krisstina Wise:

fed to us that was imprinted, including money. So

Krisstina Wise:

most of us are adults that are still holding on

Krisstina Wise:

to our 7 to 10 year old money imprints from our

Krisstina Wise:

parents. And unless we look at that and change

Krisstina Wise:

that combined with, you know, not feeling worthy

Krisstina Wise:

and not feeling good enough and some of these

Krisstina Wise:

other things that are kind of embedded as well,

Krisstina Wise:

money fits really well into those, you know,

Krisstina Wise:

unexamined belief systems. So when we start to,

Krisstina Wise:

you know, unravel that and peel back those

Krisstina Wise:

layers, we can see like, oh, okay. But the great

Krisstina Wise:

thing about money, as opposed to other parts of

Krisstina Wise:

life that can be more difficult to kind of

Krisstina Wise:

unravel and fix, if you will. Money is math.

Krisstina Wise:

Money's black and white. Money has very, very

Krisstina Wise:

specific rules and laws and metrics that if you

Krisstina Wise:

follow them, you can be rich. It's just, we're

Krisstina Wise:

not. We haven't worked on, you know, those layers

Krisstina Wise:

of, you know, personal things that wreak havoc,

Krisstina Wise:

financial havoc, on our lives. And then two, we

Krisstina Wise:

don't understand how money operates. And when you

Krisstina Wise:

combine those two together, that gives us our

Krisstina Wise:

statistics that re. I mean, I talk to people

Krisstina Wise:

every single day and you know, it sounds like

Krisstina Wise:

this. I had a call yesterday and it was a woman.

Krisstina Wise:

She does medical sales and she's a, you know,

Krisstina Wise:

medical sales, she makes about 185 plus bonus, so

Krisstina Wise:

close to $200,000 a year. And she said, you know,

Krisstina Wise:

when I write down, when I had to write to you how

Krisstina Wise:

much money I made, I thought, holy shit, that's a

Krisstina Wise:

lot of money. And she said, but every single

Krisstina Wise:

month we're struggling. Like, I don't understand.

Krisstina Wise:

It doesn't feel like a lot of money. I just can't

Krisstina Wise:

get my arms around it. So, you know, that's just

Krisstina Wise:

a good example of the story that like most of

Krisstina Wise:

people are feeling. And it's because we're not

Krisstina Wise:

abiding by money's laws, and we don't understand

Krisstina Wise:

simple math, and we've not thrown anything into a

Krisstina Wise:

compounding calculator. We're not managing our

Krisstina Wise:

money and we're not paying attention. And money,

Krisstina Wise:

money will evaporate. Money. Money will easily

Krisstina Wise:

leave our pockets into somebody else's if we're

Krisstina Wise:

not paying attention. It loves to move. So it was

Krisstina Wise:

just moving into the wrong pockets is ultimately

Krisstina Wise:

what we're allowing it to do.

David Richter:

Yeah, no, I love that. This is, this is great

David Richter:

stuff. I love the three different areas for the

David Richter:

money problems. Never making enough. Make it, but

David Richter:

can't keep it, or you never spend it. And that

David Richter:

fear of loss. I love what you said to Money is

David Richter:

math. You know, it's like there's rules to it. If

David Richter:

you can learn it, then you'll. You can become

David Richter:

rich and then don't understand how money actually

David Richter:

operates. But out of those three money problems,

David Richter:

where do you see in your sphere most people fit

David Richter:

into? Like, is there. Is it split 33%, you know,

David Richter:

between the three areas? Or is it like there's

David Richter:

one that most people struggle with? Because I'd

David Richter:

have an answer for that, like, just from what I

David Richter:

see. But I, I'm just in my slice of the world.

David Richter:

But I'd like to know what you're, you know, the

David Richter:

money problems, which one do you see the most?

Krisstina Wise:

Well, you know, I just based from, you know, from

Krisstina Wise:

my anecdotal experience, I don't really work with

Krisstina Wise:

too many that can't figure out how to make enough

Krisstina Wise:

money. So I really don't know what that is.

Krisstina Wise:

That's. That's a, That's a money problem that I.

Krisstina Wise:

That's not my expertise to solve. Yeah, but what.

Krisstina Wise:

So in my world, it's really. It doesn't matter if

Krisstina Wise:

you're making $50,000 a year, $100,000 a year,

Krisstina Wise:

$500,000 a year, or $1 million a year. What

Krisstina Wise:

happens is we spend every dollar we make and we

Krisstina Wise:

have no margins. And what happens is that we.

Krisstina Wise:

This, what I found to what I believe is like the

Krisstina Wise:

number one money myth, the biggest money lie kind

Krisstina Wise:

of false belief there is out there is this belief

Krisstina Wise:

that the answer to all of my money problems.

Krisstina Wise:

Money. Because, man, there's not enough left at

Krisstina Wise:

the end of the month. So we'll take the example

Krisstina Wise:

of the woman I talked to yesterday who's making

Krisstina Wise:

between 185 and 200 a year. That's a lot of

Krisstina Wise:

money. That's a good income. So with, you know,

Krisstina Wise:

with her she, her question to me is, I need more

Krisstina Wise:

income streams, Christina. Like, I'm not making

Krisstina Wise:

enough money. Like, what do I do to make more?

Krisstina Wise:

Because I want to save and invest and do these

Krisstina Wise:

things I think I'm supposed to do, but there's

Krisstina Wise:

not enough money. So that's there. Most people

Krisstina Wise:

are in some version of that thinking, when I have

Krisstina Wise:

more money, then I'll save and invest. Or. So

Krisstina Wise:

we're, we're pushing. You're kicking that count

Krisstina Wise:

can out there versus understanding. Like, no, the

Krisstina Wise:

day today, we need to understand and organize our

Krisstina Wise:

money in the, in a way that no matter how much

Krisstina Wise:

money we're making, where we know where every

Krisstina Wise:

dollar needs a job, every dollar needs to be

Krisstina Wise:

accounted for, every dollar needs to move

Krisstina Wise:

intentionally. But if we're not moving

Krisstina Wise:

intentionally, it's. It's moving, like I said,

Krisstina Wise:

it's moving out of our pocket somewhere else.

David Richter:

Yeah.

Krisstina Wise:

In most cases, what I found, it's. It's mostly

Krisstina Wise:

those in bucket two, meaning we don't know how to

Krisstina Wise:

spend our money. And what I found, you know, if

Krisstina Wise:

we can replace this belief, the truth, the answer

Krisstina Wise:

to all my money problems is to make more money in

Krisstina Wise:

my business or get a job, a raise, or get a

Krisstina Wise:

second side hustle, which is what everybody's

Krisstina Wise:

kind of telling us to do. Man, I need to scale my

Krisstina Wise:

business bigger, make more money. Oh, I need to

Krisstina Wise:

climb the corporate ladder, make more money. Oh,

Krisstina Wise:

I need to get a side hustle, make more money. So

Krisstina Wise:

everything that's kind of taught is over in what

Krisstina Wise:

I call that E category, the earning. It's like

Krisstina Wise:

that's where we are versus understanding that no

Krisstina Wise:

matter where the money comes from in working

Krisstina Wise:

income, that's just, that's just a source of

Krisstina Wise:

income. So that's the income game. And yeah, we

Krisstina Wise:

want to play the income game. Well, because

Krisstina Wise:

ultimately, over time, we want to make more money.

David Richter:

Yeah.

Krisstina Wise:

For, you know, if we can without. Every time we

Krisstina Wise:

make more money, working income usually comes at

Krisstina Wise:

a trade off. More risk, more time, more effort,

Krisstina Wise:

more stress, something. So it comes at a cost.

Krisstina Wise:

And that's kind of that balancing act too, is if

Krisstina Wise:

I want to make a lot more money and I want to do

Krisstina Wise:

a side hustle, well, I'm going to trade more time

Krisstina Wise:

to do the side hustle, which means I'm not going

Krisstina Wise:

to spend as much time at the gym, I'm not going

Krisstina Wise:

to spend as much time with the family, I'm not

Krisstina Wise:

going to spend as much time meditating, I'm not

Krisstina Wise:

going to spend as much time skiing, whatever that

Krisstina Wise:

Time block is because time is currency. Yeah, but

Krisstina Wise:

we don't understanding the currency. Time is the

Krisstina Wise:

currency we're after. It's not the dollar bill.

Krisstina Wise:

Ultimately that's really good. So. So anyway,

Krisstina Wise:

it's just understanding that when every time we

Krisstina Wise:

say we make want to make more money, there's a

Krisstina Wise:

cost or trade off associated with it. This is on

Krisstina Wise:

working income and there's only so many hours in

Krisstina Wise:

the day. So you know you can. When you match your

Krisstina Wise:

match hours with trade off, sometimes the answer

Krisstina Wise:

isn't to make more money. But even again, that's

Krisstina Wise:

just the income part of the game.

David Richter:

Right.

Krisstina Wise:

There's a wealth part of the game and a time part

Krisstina Wise:

of the game, which is different. But the what

Krisstina Wise:

happens is that we spend all this time working

Krisstina Wise:

one way or another to make money, thinking that

Krisstina Wise:

that's how I get wealthy. No, that's just how you

Krisstina Wise:

make income. How we get wealthy is through our

Krisstina Wise:

household. And that's why I teach people how to

Krisstina Wise:

run their household like a financial powerhouse.

Krisstina Wise:

Because we build wealth in the household. Not

Krisstina Wise:

through your business, not through your corporate

Krisstina Wise:

job, not through your side hustle. Because you

Krisstina Wise:

can make a million dollars in your business and

Krisstina Wise:

spend a million dollars by your lifestyle in your

Krisstina Wise:

household and you will never build wealth.

Krisstina Wise:

There's no margin. You just. And what happens

Krisstina Wise:

there also is that the more money we make, we

Krisstina Wise:

start to feel rich. And when you feel rich,

Krisstina Wise:

feeling rich means you're, you're living a rich

Krisstina Wise:

life like lifestyle. You're buying all the things

Krisstina Wise:

you're doing all. There's nothing wrong with that

Krisstina Wise:

just you know, fundamentally. But it tricks us

Krisstina Wise:

that we're spent, we're, we're. When we feel rich

Krisstina Wise:

and live this rich lifestyle and kind of spend

Krisstina Wise:

all of our money, two things happen. One, it

Krisstina Wise:

really, it. We use our working like a really

Krisstina Wise:

great younger working years. We have all this

Krisstina Wise:

energy and momentum and excitement. We're living

Krisstina Wise:

this lifestyle during these best wealth building

Krisstina Wise:

years. So our best income making years, we want

Krisstina Wise:

those to also be our best wealth building years.

Krisstina Wise:

But we're not building wealth. We're just living

Krisstina Wise:

a really fancy lifestyle because we feel rich. So

Krisstina Wise:

I teach the difference between kind of being a

Krisstina Wise:

rich mindset versus a wealthy mindset. Two

Krisstina Wise:

totally different mindsets there for strategies.

Krisstina Wise:

So that's one thing. We feel rich and we, we tend

Krisstina Wise:

to spend on a very expensive lifestyle. That's.

Krisstina Wise:

And then, but what happens is then we get locked

Krisstina Wise:

into this really expensive lifestyle and now

Krisstina Wise:

we're really measured up based on the country

Krisstina Wise:

club and based on the cars. We drive. And based

Krisstina Wise:

on where we send our kids to school and based on

Krisstina Wise:

where we go vacation again, nothing wrong with

Krisstina Wise:

it, but we're doing that. But what happens is

Krisstina Wise:

when we do that, we have to. Then there's no,

Krisstina Wise:

there's no relief button. You have to go next

Krisstina Wise:

month to cover last month's bills. And then you

Krisstina Wise:

have to do it again and over and over and there

Krisstina Wise:

becomes a time where it's like making a million

Krisstina Wise:

dollars a year and me having to do all this work

Krisstina Wise:

and at this cost and trade off. I'm just kind of

Krisstina Wise:

tired. But you have to go hit the button again

Krisstina Wise:

and do it again and again. So we get trapped in

Krisstina Wise:

what I call this earn, spend, earn, spend, earn,

Krisstina Wise:

spend, earn, spend. With no wealth in the

Krisstina Wise:

equation, which means no freedom, no time

Krisstina Wise:

freedom. So again, that's where I find are people

Krisstina Wise:

in what I call this earn, spend, trap or the

Krisstina Wise:

merry go round. And then like what you're

Krisstina Wise:

teaching with no profit. So since you're a profit

Krisstina Wise:

first, I'll just, I'll just talk about how

Krisstina Wise:

profit. So we think profit. I mean, I know you're

Krisstina Wise:

teaching differently too. So in business, that's

Krisstina Wise:

the name of the game, profit. And following a

Krisstina Wise:

profit first system, we're kind of paying

Krisstina Wise:

ourselves first. We're taking the profit off the

Krisstina Wise:

top. And then you learn to spend everything else

Krisstina Wise:

in the business. And Mike came up with that

Krisstina Wise:

because he found himself in that cycle where

Krisstina Wise:

he's, you know, making more money, raising more

Krisstina Wise:

money, taking more risk, all the things. And at

Krisstina Wise:

the end of the day he's like, man, I raised $2

Krisstina Wise:

million and had $2 million of revenue and I

Krisstina Wise:

didn't pay myself one dime. Like what gives? And

Krisstina Wise:

same thing. It's all mechanics. It's how business

Krisstina Wise:

operates and kind of how our psychology works. So

Krisstina Wise:

it's like, oh, if we make a million dollars in

Krisstina Wise:

our business, but we spend a million $1 in

Krisstina Wise:

expenses to make the million, there's no profit.

Krisstina Wise:

So at the end of the day, even though it's like,

Krisstina Wise:

hey, I've had bragging rights, I have a seven

Krisstina Wise:

figure business. I didn't make any money.

Krisstina Wise:

Everybody else got paid, but I didn't. So then

Krisstina Wise:

it's like, oh, maybe I should pay myself first

Krisstina Wise:

and then just let the business expenses can all

Krisstina Wise:

the business can only spend what's left over.

Krisstina Wise:

Yeah, and it's, it's, you know, and you have

Krisstina Wise:

buckets and do these different things to make

Krisstina Wise:

sure you have the cash and the resources. Well,

Krisstina Wise:

that's great, but we want to do that all the way

Krisstina Wise:

down the line we want profit in our household

Krisstina Wise:

because then we want profit first. We want to

Krisstina Wise:

take that profit. Like if you have a 20% profit

Krisstina Wise:

margin in your business. So if you have, you

Krisstina Wise:

know, a million dollar business with a 20% profit

Krisstina Wise:

margin, you have a $200,000 profit. Yeah, now we

Krisstina Wise:

pay ourselves that $200,000 in our household,

Krisstina Wise:

move it out of business to the household. And now

Krisstina Wise:

we want to take that same 20% margin off the top

Krisstina Wise:

and that will go to fund our future self

Krisstina Wise:

investing bucket. So that's. But we want to pay

Krisstina Wise:

ourselves first. Pay ourselves first in the

Krisstina Wise:

business and pay ourselves first in the household

Krisstina Wise:

and then live off the, you know, our household

Krisstina Wise:

expenses. We can only spend that based on what's

Krisstina Wise:

left over. So it's a very easy just. You're

Krisstina Wise:

always looking for the margins. You need a margin

Krisstina Wise:

your business because no profit means no pay. And

Krisstina Wise:

you need a margin in your household because no

Krisstina Wise:

profit means no, no wealth. And then we move that

Krisstina Wise:

wealth, you know, that margin, that 20%. And if

Krisstina Wise:

we're, you know, saving that to buy some real

Krisstina Wise:

estate, since we love real estate as investing,

Krisstina Wise:

then the more money we make, as long as we keep

Krisstina Wise:

that 20% margin at a minimum going into that, we

Krisstina Wise:

can buy a lot more real estate. And then we just

Krisstina Wise:

get, we just keep our burn rates in both our

Krisstina Wise:

business and our household really tight and we

Krisstina Wise:

some extra buckets of income and some different

Krisstina Wise:

things. And now we can really enjoy spending all

Krisstina Wise:

of our money because every dollar is accounted

Krisstina Wise:

for. We have money going to our wealth bucket, we

Krisstina Wise:

have money going to rainy day bucket. We kept

Krisstina Wise:

money going to our dreams bucket. And we, you

Krisstina Wise:

know, and we're, you know, covering the cost of

Krisstina Wise:

our life every single month. So now we've got

Krisstina Wise:

surplus, we've got cash and we've got investments

Krisstina Wise:

and we need liquidity and we need investments to

Krisstina Wise:

make us feel safe, secure. I call it the F words,

Krisstina Wise:

the S words. Safe, secure. That comes from

Krisstina Wise:

surplus. That comes from having money that is

Krisstina Wise:

saved and set aside. And that's. So instead of

Krisstina Wise:

this, I need to go work harder and make more

Krisstina Wise:

money. That's going to make me feel secure. It's

Krisstina Wise:

like, no, we really need to manage our money in a

Krisstina Wise:

way that's profit first, that we know every

Krisstina Wise:

dollar is accounted for. We're creating these

Krisstina Wise:

what we call buckets of money between money we

Krisstina Wise:

can't touch, which is really invested for the

Krisstina Wise:

future through any sort of investments, and then

Krisstina Wise:

our liquid cash. And when we have these buffers

Krisstina Wise:

of investments in cash, and all of our bills were

Krisstina Wise:

paid. Now we have space. Now we feel lighter. Now

Krisstina Wise:

we see money's working for us. Now we see it's

Krisstina Wise:

growing while we're working hard. And this is the

Krisstina Wise:

wealth game. It's a very different game. And I'll

Krisstina Wise:

just sum that up. But it starts with asking this,

Krisstina Wise:

what I think is the most important money question

Krisstina Wise:

that we can ask ourselves. And again, very few

Krisstina Wise:

people, I think, do this work because we don't

Krisstina Wise:

even know where we should do this work. But the

Krisstina Wise:

question is, how much money is enough? And it's

Krisstina Wise:

an equally philosophical question as it is

Krisstina Wise:

practical. So how much money is enough? It's

Krisstina Wise:

like, okay, yeah, great question, but where do I

Krisstina Wise:

start to answer that? You know, it can be like

Krisstina Wise:

this big question, but it's a really important

Krisstina Wise:

question because what we need to get to is a

Krisstina Wise:

place of what's called satisfaction of man. If I

Krisstina Wise:

hit these, if I had this amount of money, not a

Krisstina Wise:

dollar more, not a dollar less, if I may. If I

Krisstina Wise:

had more, great. But if I had not a dollar more,

Krisstina Wise:

not a dollar less, I'd be completely satisfied.

Krisstina Wise:

This is enough money for me to live a good life,

Krisstina Wise:

to be out of the struggle, to be out of the

Krisstina Wise:

survival, to be out of the fear, to be out of the

Krisstina Wise:

anxiety. I could just live a really good life and

Krisstina Wise:

have the money to spend on my quality of

Krisstina Wise:

lifestyle. So that's what we want to do, is say,

Krisstina Wise:

how much money is enough? So that one, there's a

Krisstina Wise:

place of satisfaction. But more importantly, so

Krisstina Wise:

we have a goal, we have a destination, we know

Krisstina Wise:

what we're building. You can't get anywhere if

Krisstina Wise:

you don't have a destination yet. People are

Krisstina Wise:

like, oh, let me go invest in real estate.

Krisstina Wise:

Without even backing into some of these numbers

Krisstina Wise:

or knowing if real estate then might be the best

Krisstina Wise:

vehicle to hit some of those targets. So what we

Krisstina Wise:

want to do in that case is we want to look out to

Krisstina Wise:

our future self, which is what the wealth game is

Krisstina Wise:

10 year older, 20 year older, based on how old we

Krisstina Wise:

are and say, hey, I want to have a certain amount

Krisstina Wise:

of net worth of net worth that throws off a

Krisstina Wise:

certain amount of passive or, you know, passive

Krisstina Wise:

income or cash flow. So how do we write? How do

Krisstina Wise:

we wind up in that number? Is it $1 million, $5

Krisstina Wise:

million, $10 million, $50 million? Like most

Krisstina Wise:

people just write a number down, like, oh, my

Krisstina Wise:

neighbor said $10 million. That sounds like a

Krisstina Wise:

good number. I want to have a $10 million by the

Krisstina Wise:

time I'm, you know, 55 or something. So maybe

Krisstina Wise:

that's the right number. But again, we want to

Krisstina Wise:

calculate these. We want these to be our numbers

Krisstina Wise:

and we want to know, this is my number. This is

Krisstina Wise:

my number. This that's connected to my meaningful

Krisstina Wise:

life. I've already quantified this. I know I've

Krisstina Wise:

already sketched out or architected, like, this

Krisstina Wise:

is where I am today, and this is, you know,

Krisstina Wise:

financially where I want to grow into. And, you

Krisstina Wise:

know, this is kind of this destination. And it's

Krisstina Wise:

not all about the destination, but it's about

Krisstina Wise:

having that satisfactory mark. So when we do

Krisstina Wise:

that. So then how do we quantify that? Well, it's

Krisstina Wise:

pretty simple. What you look at is where we start

Krisstina Wise:

with. It's how much does it cost to live my good

Krisstina Wise:

life? So we need to look at life in all

Krisstina Wise:

categories. Is, okay, my good life would cost, is

Krisstina Wise:

it $100,000 a year, 250 a year, 350 a year, a

Krisstina Wise:

million a year. But it needs to be quantified.

Krisstina Wise:

And how you do that is you really write it down,

Krisstina Wise:

like, visualize, like, man, this is my good life.

Krisstina Wise:

Do I have to have yachts and do I have to have

Krisstina Wise:

the Lamborghini and do I have to have, you know,

Krisstina Wise:

private plane? Some people may say yes. Other

Krisstina Wise:

people may say I don't need all that to be

Krisstina Wise:

satisfied and happy. I could as long as, you

Krisstina Wise:

know, I'd like to live in this, you know, this

Krisstina Wise:

location in the country and have this type of

Krisstina Wise:

house and I'd like it to be paid for. And I, you

Krisstina Wise:

know, I want to be healthy, so I want to be able

Krisstina Wise:

to eat organic food and afford, you know, a

Krisstina Wise:

personal trainer. And I love to travel. So I'd

Krisstina Wise:

like to take, you know, three trips a year that,

Krisstina Wise:

you know, are kind of in this, you know, this

Krisstina Wise:

cost per trip. And, you know, I'd like to, I like

Krisstina Wise:

having cars, but I can pay those off and do that.

Krisstina Wise:

So really just you just quantify this. I want to

Krisstina Wise:

put my kids in certain schools and I want to pay

Krisstina Wise:

for their college. And so we can quantify this on

Krisstina Wise:

an annual basis and say for all these things to

Krisstina Wise:

happen, it's going to take me $150,000 a year.

Krisstina Wise:

I'm going to stay out of credit card debt, all

Krisstina Wise:

these things. So now we can multiply that by 20.

Krisstina Wise:

And now we can get a number of $3 million as my

Krisstina Wise:

net worth number. So now if I want to do that in

Krisstina Wise:

10 years, I need to have a plan or strategy

Krisstina Wise:

relative to how I spend relative to my income and

Krisstina Wise:

how much money I need to put away on an annual

Krisstina Wise:

basis in some form of how to invest to be able to

Krisstina Wise:

hit that number. And I love real estate, so I've

Krisstina Wise:

hit my numbers through mostly real estate. But

Krisstina Wise:

this is the process and the work, and this is all

Krisstina Wise:

the stuff that I've learned over these years and

Krisstina Wise:

kind of just simplified it into a few steps. But

Krisstina Wise:

money's not that complicated, but it just. It

Krisstina Wise:

feels complicated when we're in the hustle all

Krisstina Wise:

the time.

David Richter:

Yeah. Wow. That was awesome. I think we're

David Richter:

definitely cut from the same cloth. If you've

David Richter:

been listening to this show for any length of

David Richter:

time, Christina, this has been incredible. You

David Richter:

went from your background and your emotional

David Richter:

backstory of, like, you know, living rags to

David Richter:

riches. Rags to riches. You know, I feel like

David Richter:

that was just. And then you overcame that. Now

David Richter:

you're helping a ton of people with this mindset.

David Richter:

I mean, if you just listen to the last, like, 10,

David Richter:

15 minutes, she basically gave you steps that you

David Richter:

can follow of, like, here's how I can calculate

David Richter:

these numbers. Here's how I make the money math.

David Richter:

What she. What you even talked about before,

David Richter:

like, making it math and making it more simple. I

David Richter:

think a lot of people just put a. Like, a big

David Richter:

mystical shroud around it and then use that as an

David Richter:

excuse not to go down this road. But it's like,

David Richter:

here. Here you are. Christina's demystifying it

David Richter:

right here for you. It's, like, very simple. I

David Richter:

love this, and I love that you've made it very

David Richter:

simple, too. That's why I wanted you on here.

David Richter:

And, like, okay, now you provide a ton of value

David Richter:

here. I loved exactly what you said. Like, what

David Richter:

are the money problems? How do we get over some

David Richter:

of these? What was. I love the number one money

David Richter:

myth to make more money. Cook could park there

David Richter:

for the rest of the day, but this is where just a

David Richter:

lot of. A lot of good stuff. She even gave you

David Richter:

how to get to those numbers, too. So, Christina,

David Richter:

you do a lot of education. A lot of. You do have

David Richter:

your own podcast. You have a book, Falling for

David Richter:

money, and number one Amazon, number one best

David Richter:

seller, you know, sold a lot of copies there. How

David Richter:

do people get ahold of you? How do they take the

David Richter:

next steps? You've got a personal finance course

David Richter:

that leads into a business finance course as

David Richter:

well, too. Like, just. I want people to be able

David Richter:

to find you and be able to get ahold of this,

David Richter:

because, yes, profit first is very important for

David Richter:

the business, But, I mean, she even Told you

David Richter:

here, wealth is built at home. You can have all

David Richter:

the profit in the business, in the world, but if

David Richter:

you don't translate that into the actual money in

David Richter:

the household, then we, we have failed you on

David Richter:

this podcast. We have failed this city. So like,

David Richter:

please, Christina, tell people how they could get

David Richter:

ahold of you, how they can reach out, how they

David Richter:

can, you know, go down this road with you.

Krisstina Wise:

Yeah. One thing I'd love everyone to do if you're

Krisstina Wise:

listening is I have a financial IQ quiz.

David Richter:

Oh, cool.

Krisstina Wise:

So it's, it's kind of 10 questions and it will

Krisstina Wise:

just give you your score and it's really eye

Krisstina Wise:

opening. Just the questions themselves are pretty

Krisstina Wise:

thought provoking. Thought provoking. And it

Krisstina Wise:

causes most people realize like, oh, I don't

Krisstina Wise:

really know how to answer this. And you know, so

Krisstina Wise:

that's, that can just. And then again, just put

Krisstina Wise:

in some the best numbers you can. But it's a

Krisstina Wise:

really nice Easy Quiz. Takes 10 minutes max to

Krisstina Wise:

give you your score. So. And

Krisstina Wise:

that's@WiseMoneyMethod.com quiz

Krisstina Wise:

wisemoneymethod.com quiz so that's, that's a

Krisstina Wise:

great place to start. And so it's a fun quiz, but

Krisstina Wise:

also what you get from that is it will. My

Krisstina Wise:

automated system from that will send you like

Krisstina Wise:

this little guide, this step by step guide that

Krisstina Wise:

will go through all the kind of the simple math

Krisstina Wise:

that I talked about to help you arrive at your

Krisstina Wise:

own good enough number.

David Richter:

Awesome.

Krisstina Wise:

And it's just, it's step by step and you just

Krisstina Wise:

fill in the blanks and it's, and it's very

Krisstina Wise:

thorough. So I used to just give that to. It's

Krisstina Wise:

like part, it's kind of the, one of the central

Krisstina Wise:

parts of my program. So it's a very valuable part

Krisstina Wise:

of what I teach. And you know, I'm giving that

Krisstina Wise:

away for free for anybody that takes a quiz. So

Krisstina Wise:

that's a great place to start. Take the quiz for

Krisstina Wise:

fun, but do the workbook. That's a really great

Krisstina Wise:

action item to do something as opposed to just

Krisstina Wise:

listening and you know, making all this great

Krisstina Wise:

information academic, like put it to good use. So

Krisstina Wise:

that's the first thing. And then you know, from

Krisstina Wise:

that you can, I mean my wealthy wealthy podcast.

Krisstina Wise:

But I'm easy to find and I do a class. So I'm an

Krisstina Wise:

educator, but I teach. I have a money school and

Krisstina Wise:

it's 12 weeks where I teach you how to become

Krisstina Wise:

rich and wealthy and how to manage your money

Krisstina Wise:

through your household through a profit first

Krisstina Wise:

system. That's very much paint by numbers. But

Krisstina Wise:

it's everything we should have learned in school

Krisstina Wise:

about money. But the school didn't teach this

Krisstina Wise:

really important life skill as well as really

Krisstina Wise:

looking at where what are the which money trap

Krisstina Wise:

are we in and giving us a really, you know, clear

Krisstina Wise:

guide for how to get out of it and getting very

Krisstina Wise:

clear with our numbers. So anybody interested in

Krisstina Wise:

that, then the from the quiz, you'll have my

Krisstina Wise:

email address and just send me an email back and

Krisstina Wise:

we answer all the emails and reply to everyone

Krisstina Wise:

and we can talk more about it.

David Richter:

Yeah, their customer service is top notch. I've

David Richter:

gone through their system and it's incredible. So

David Richter:

please follow her. Follow her on like, you know,

David Richter:

Instagram, Facebook, all that stuff too. But then

David Richter:

get on her podcast, listen to that, make sure you

David Richter:

take that quiz, which is awesome because she does

David Richter:

have her core concept of what she teaches from

David Richter:

the, you know, from her courses and she's giving

David Richter:

it to you there. So that was@WiseMoneyMethod.com

David Richter:

quiz. Make sure we'll put that in the show notes

David Richter:

too. Christina, this has been incredible. And if

David Richter:

you've been listening to this podcast and you're

David Richter:

like, oh my gosh, she is like touched on my soul

David Richter:

because I feel like I'm making money but I can't

David Richter:

keep it or I can't. I have no idea where to

David Richter:

start. You can also head over to simplecfo.com

David Richter:

for your business. We help implement profit first

David Richter:

and get that part of it. Because if you're like

David Richter:

drowning in your business and have nothing left

David Richter:

over to bring home for that wealth, we can help

David Richter:

knock that domino down and then get you started

David Richter:

on the path to wealth there. So it's simple.

David Richter:

CFO.com I want to make sure you make profit a

David Richter:

habit in your business. And then Christina wants

David Richter:

to make sure you're actually a wealthy individual

David Richter:

and not taking all that profit and blowing it on

David Richter:

just whatever it is the other bad habits that got

David Richter:

you into there at the first place. So, Christina,

David Richter:

thank you so much again and thank you for sharing

David Richter:

your wisdom here today.

Krisstina Wise:

My pleasure. Thank you so much. I hope you

Krisstina Wise:

enjoyed that conversation as much as I did. If

Krisstina Wise:

you wish to learn more from me about financial

Krisstina Wise:

abundance, business and wealth creation, I invite

Krisstina Wise:

you to check out my new YouTube channel,

Krisstina Wise:

subscribe and receive weekly money education

Krisstina Wise:

videos. You'll find me@YouTube.com ristinawise

Krisstina Wise:

YouTube.com Otherwise, join me again next week

Krisstina Wise:

for an episode of the Wealthy Wealthy podcast

Krisstina Wise:

where I interview experts about the intersection

Krisstina Wise:

of wealth, health and business. Until then, live

Krisstina Wise:

your wealthy, wealthy life.

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