A successful real estate investor and motivational speaker, Kris Krohn of the Strongbrook Group says profits are just one factor in a successful investment. Here, the company co-founder and spokesperson answers questions about the six elements of successful investing.
Q: How can a lower profit equate to a greater return?
Kris Krohn, Strongbrook: Profit is just one piece of the puzzle. If an investor extends 100 hours of time and energy and $20,000 for a $50,000 return, he or she is actually profiting less than if the investor had spent two hours for a $20,000 return.
Q: Why is that?
Kris Krohn, Strongbrook: Think about how many things you could do in 100 hours. How many other $20,000 return, two-hour investments could you handle?