Kris Krohn, Strongbrook co-founder and real estate investment mentor, explains the company’s six laws of conscious creation, and says that wealth is attracted to those who believe in themselves and their desires. According to Kris Krohn, Strongbrook, his book The Conscious Creator shifts the future investor’s primary attention away from profits, and teaches them how working from within is the best way to achieve goals.
Q: What is the law of attraction?
Kris Krohn, Strongbrook: The law of attraction essentially states that people will bring into their lives what they think about the most.
Q: How does that work?
Kris Krohn, Strongbrook: In order for a person to attract wealth and wealth-generating opportunities, the dominant and most persistent thoughts must lead to actions that create these things.
Q: What is compassionate financing?
Kris Krohn, Strongbrook: Compassionate financing is a form of seller financing that offers the major benefits of lease options, but without any of the usual obstacles. For those who may be unaware, a lease option can be defined as a lease agreement that contains an option for the individual to purchase the home. All terms of the written agreement must be met in order for this to occur. Compassionate financing has been developed as a convenient gateway toward home ownership for qualified renters.
Q: Who would benefit from compassionate financing?
Kris Krohn, Strongbrook: Recent data reveals that, of all Americans, 32.2 percent are currently renting. The key difference between compassionate financing and traditional leasing is that tenants are encouraged to purchase their homes.
Consistent and effective success in the Strait Path system requires a number of core elements, according to founder Kris Krohn of Strongbrook. These elements include identifying and leveraging hidden assets, along with establishing a ten-year goal that is both realistic and comfortable for an individual’s present lifestyle.
When beginning with a new client, Kris Krohn of Strongbrook will leverage his years of experience in real estate by helping an individual identify his or her low-yield assets and transition them to high-yield investments. Examples of low-yield assets typically include cash, income, credit history, job history, relationships, qualified-plan funds and home equity, according to Krohn.
Q: What is the future of retirement accounts in the United States?
Kris Krohn, Strongbrook: Retirement accounts are under intense scrutiny these days. With the volatile economy and the legislative shutdown, people are concerned about placing their hard-earned savings into IRAs, 401(k)s and other retirement accounts. As people take a closer look at these vehicles, many are learning that they are not all what they are cracked up to be. Many companies—not to mention the government— encourage use of these traditional entities. The most viable investment opportunity now available in the United States, however, is real estate, but only under the guidance of trusted professionals.
Q: What questions should an individual ask about his or her retirement accounts?
Kris Krohn, Strongbrook: People should take a look at how these accounts are performing, and if their current lifestyle can be funded with assets. For many people across the country, the answer has been a resounding no.
For most Americans, the poorest investment they make on a daily basis is a home mortgage, according to Kris Krohn of Strongbrook. Although home ownership is beneficial, too many people falsely believe that simply eliminating a home mortgage will provide a life of financial security. Consequently, many people continue to devote money to an unnecessary cause that usually puts them further in debt.
According to Kris Krohn of Strongbrook, many individuals have spent much of their careers in the hopes of owning their home, only to find that retirement is not a viable option. Instead of being a tremendous asset, the home feels like a burden. Comforts and freedoms expected in retirement become a pipe dream.