Episode 20 with Chris Larsen
“So, I knew that I couldn't take my business from say $5 million to $50 million by myself. I needed a team to do that, right? So, if I'm getting paid a certain amount per hour, like let's say I'm making a hundred dollars an hour. $200,000 a year. That's pretty good. But if you want to make $500,000 a year, $250 an hour, you probably can't just work two and a half times more. You have to scale. You almost have to give up the responsibility for certain things and release control of those things. So you need to go from being a producer to more of a leader.”
Join Glenn as he interviews Christopher Larsen, the founder and Principal of Next-Level Income. Since “retiring” after 18 years in the medical device industry, he now dedicates himself to guiding others to financial independence through education and strategic investments. Chris has been investing in and managing real estate for over 20 years. He has experience in development, private-lending, distressed debt as well as commercial office, and syndications including assets across: multifamily, self-storage, hotels, mobile home parks, car washes and senior housing. Since 2016 he has been actively involved in over $1.5B of real estate acquisitions.
Glenn and Chris discuss:
· The mission of Next Level Income
· His transition from medical device sales to real estate
· The concept of infinite banking (IBC)
· Considerations and pitfalls of IBC
· Teaching children about money and values
· Maximizing productivity and scaling a business
· The importance of action and reviewing your progress
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