The Chris Miles Money Show

Follow The Chris Miles Money Show
Share on
Copy link to clipboard

Chris Miles, the Cash Flow Expert and Anti-Financial Advisor. Learn how to get your money and/or business working for you so you don't work so hard for money!

The Chris Miles Money Show


    • Jan 19, 2022 LATEST EPISODE
    • weekdays NEW EPISODES
    • 22m AVG DURATION
    • 642 EPISODES

    Listeners of The Chris Miles Money Show that love the show mention: wealth building, thanks chris, financial advice, financial freedom, cash, investor, box, highly recommend listening, strategies, create, mindset, great host, actionable, value, tips, topic, awesome, insightful, business, life.



    Search for episodes from The Chris Miles Money Show with a specific topic:

    Latest episodes from The Chris Miles Money Show

    Are You Going to Be Able to Retire? | 575

    Play Episode Listen Later Jan 19, 2022 23:00

    I can do that and life would be so much easier, but at the end of the day, it's not about having an easy life. It's about having a life lived well.  I believe that my blessings aren't given to me just for my own benefit and that's why I do everything I can to share what I know and help people retire earlier and more comfortably.  Watch this episode to learn more about my reasons for being here for you, what I want to change, and how your life can be changed in the process too!  Key Talking Points of the Episode [00:00] Introduction [01:33] Why do I do what I do? [02:28] Why do I care about what you do? [04:15] Breaking the mold in the financial space [05:26] My experience as a financial advisor [08:31] At what point do we say enough is enough? [09:41] Running the numbers as a financial advisor [15:33] When things shifted for me [16:14] Focusing more on a passive income plan [17:00] Why you need to retire quickly [18:10] The kind of blueprint that you need [19:26] My challenge to you for your retirement Quotables “The traditional way of looking at money was being taught to us by financial institutions passed on through financial advisors to you.” “The best thing you can do is fire your financial advisor. If you've got one, you've got a traditional mainstream advisor, fire them.” “In their little retirement brains, they can't even think of retiring early. They can't think of retiring in the next 5 or 10 years.” “If you keep doing the same old traditional stuff, you're gonna get the same old ordinary results.” “It requires effort. It requires you to think differently and do things differently.”

    How to Tax Free 1031 Transfer Into Multifamily Syndications with Stephan | 574

    Play Episode Listen Later Jan 14, 2022 22:00

    There are tons of options out there for you and that's what our guest, Stephanie Walter, is going to share with us today too. Stephanie Walter is the CEO of Erbe Wealth. She's a capital raiser, syndicator, and real estate investor who just recently retired and sold her insurance agency of 16 years by following key principles that she is also teaching other professionals to use. Watch now to learn more about another alternative investment option you can take advantage of, how you can use it in syndications, and what you should expect from it when you do it! Key Talking Points of the Episode [00:00] Introduction [01:31] Who is Stephanie Walter? [02:24] What is Stephanie's background? [03:40] Stephanie's journey into real estate [04:48] Finding her partner in business [09:57] What is a 1031 Exchange? [10:34] What can you exchange your property for? [14:02] Looking at your cash flow and equity [15:58] How do the properties do during recessions? [18:00] How can you follow Stephanie? Quotables “I loved the idea of kinda like a group of people buying something that no one could do on their own.” “I completed my first syndication in 2018 by myself, and realized that I never ever want to do that by myself ever again.” “A 1031 Exchange is what a lot of people that own rental properties can use to avoid paying the capital gains tax.” “I think where most people get tied up and confused is actually, you can exchange your property for anything. A lot of people think, “oh, it has to be the same property”.” “It could be anything. You can exchange your regular rental into land, into anything that's a real property.” “It makes sense to sell it so they can make a much higher cash flow.”

    The One Thing You Need in 2022 | 573

    Play Episode Listen Later Jan 12, 2022 23:00

    That's a great way to start the year, but a better way is by really making sure that you're going to achieve whatever it is you're planning for yourself, your family, or your business. There's this thing that I have been doing for years now that has really helped me achieve success and true happiness in what I do and that's what I am gladly sharing with you today. Watch this video to learn about a different blueprint that will give you the success you want in 2022, how it has worked for me and many other people, and how you can use it to your advantage.  Let 2022 be a different year and make more ripples around you! Key Talking Points of the Episode [01:40] New year's traditions [03:18] Finding your SOUL purpose [04:41] What is the Divine Genius? [05:10] Understanding who you are first [06:05] Finding your unique strength [07:20] How do you find your strengths? [09:23] Finding out your passions [10:56] Passion and strengths combined [13:13] Monetizing your passion [14:01] Your passion as an outlet [16:17] My mission statement [18:14] The real secret of money [19:39] Go back to your core Quotables “As strategic as I want to become, I realize everything that I want in life comes down to one thing. It's not about what you accomplish, but who you are that allows you to accomplish more.” “It's not about working harder and it's not even about working smarter, it's about working right.” “They liked winning but they didn't have the same drive, or passion, or fire like I did.” “When you tie up a strength in with a passion, it amplifies it.” “I want you to find your Divine Genius and find a way to monetize it this year.”

    How to 4x Your Money in 5 Years with Raw Land with Brent Bowers | 572

    Play Episode Listen Later Jan 7, 2022 22:00

    Real estate has tons of asset classes that you can get involved in and in today's episode, our special guest, Brent Bowers, is telling us more about the one that he is in!  Brent Bowers is an investor and coach with a focus on buying and selling raw, vacant land. He served in the US Army for 8 years and he began investing in real estate as a way to support his family while having more time to spend with them. In just a short period of time, he was able to expand his business, hire a team, and get that quality time with his family he always wanted to have.  Watch now and learn more from Brent's business in land, what makes it a great niche, and how you can get involved in it! Key Talking Points of the Episode [02:23] How did Brent get into real estate? [03:21] What got Brent into vacant land? [04:50] The competition in vacant land [09:10] Who are the typical land buyers? [14:17] Selling the notes on vacant land [14:54] Brent's timeline for loans on land properties [17:35] What makes land an active business? [18:30] How can you get in touch with Brent? Quotables “I'm starting to find out time freedom is probably more valuable than anything.” “As far as what I see happening with land, I don't know. I can't predict the future, I'm not even gonna try or claim to.” “I like to sell to that person who just wants to have a piece of America. You know, wants to be able to pull their RV out there once every few months and just say, ‘kids, this is ours'.” “I don't care how long it is. The longer, the better for me.” “I feel like the majority of our notes are 5 years, but my goal is to do another 12-30 year mortgages over the next year.”

    My 2022 Market Outlook | 571

    Play Episode Listen Later Jan 5, 2022 18:00

    There are so many things that can happen in a year and while I don't have a crystal ball to tell you what's coming our way, I can tell you what you can do to make sure you're still working towards achieving financial freedom this year. Watch this video to learn about my 2022 market outlook, what factors contribute to the rise and fall of the market, and what you can do to secure your financial future! Key Talking Points of the Episode [00:00] Introduction [02:07] What is going to happen in 2022? [02:20] The stock market and the economy [04:05] Why do we need to look at both? [04:40] The PE ratio [06:07] What drives the economy? [10:06] The possibility of stagflation [11:20] Stop gambling your money [12:34] The real estate market [13:02] Focusing on the income it can generate [14:17] How can you prepare yourself to start investing? Quotables “Shorter term is much easier to predict than longer term.” “Just so you know, the economy and the stock market, they don't always coincide. In fact, often they do their own things.” “We've seen evidence of that even in the 1990s. We were hitting recessions and it really didn't take a big hit in the 90s.” “The reason 2002 was the worst year wasn't because of the economy, because that was doing better. It was actually because everybody was fudging their numbers.” “We saw 2002 drop even though the economy was strengthening because 9/11 actually boosted the economy and not contracted it.” “We saw a really weird thing going in 2021 because the stock market just kept booming.” “The stock market is different from the economy. The thing that drives the economy is how much money there is flowing.”

    How COVID Affected Self Storage Investing with Fernando Angelucci | 570

    Play Episode Listen Later Dec 31, 2021 22:00

    In this episode, we are again joined by Fernando Angelucci, who has already done $75 million real estate deals in the self-storage space by the age of 30!  Fernando has already been on the show before and shared why he moved into self-storage from other real estate asset classes, but today, he is going to tell us how COVID-19 has affected the business.  Watch now to learn more about business in self-storage, how Fernando dealt with the pandemic, and how you can take your first steps in self-storage too! Key Talking Points of the Episode [00:00] Introduction [01:26] Who is Fernando Angelucci? [02:40] How did Fernando get into real estate? [05:14] What Fernando noticed in their portfolio [07:29] Lien law protection [07:44] Eviction moratoriums [08:19] Reaching out to local communities [09:15] How self-storage is different from other rental businesses [11:28] Logistics companies [15:00] Opportunities in real estate [16:05] Is the self-storage space saturated? [16:51] The stock market's effect on self-storage [18:57] What would be the best way to follow Fernando? Quotables “Towards the end of that part of my life, it didn't feel like the passive income was very passive. I was working 60-70 hours a week on my rental portfolio.” “Those that had assets did very well, those that did not, unfortunately were left behind.” “It might seem like a door closed, but as a result, more doors open for creativity in your space.” “Self-storage is a hyper-localized business, so it's almost impossible to say that the self-storage space is saturated or not.” “If the cap rate itself is that bad when you're looking on-market, then potentially, you need to start looking at off-market acquisitions.”

    The Best Episodes of 2021 | 569

    Play Episode Listen Later Dec 29, 2021 22:00

    Your support has been a major factor in the way we're creating ripples in other people's lives.  We've seen well over 300,000 downloads just in the year 2021 alone. I remember it took me 4 ½ years of these first episodes to hit 100,000 downloads and now we're doing over 300,000 downloads. In this episode, we're doing a recap and listing down your top 10 favorite episodes of 2021 along with a few special shoutout episodes for those that did not make the list!  Quotables “We've seen well over 300,000 downloads just in the year 2021 alone. I remember it took me 4 ½ years of these first episodes to hit 100,000 downloads and now we're doing over 300,000 downloads.” “Earlier episodes usually get more but fascinating enough as I went through this last year, we actually had a lot more downloads on some of the middle of the year episodes even more than the beginning of the year episodes.” “But we've had all-time high, so what do we do with it?” “Again, things are hitting their all-time highs. Real estate, stocks, everything is at an all-time high, you know you can't lose.” “If you've ever watched or listened to Dave Ramsey, you would hear him say debt is dumb and cash is king.” “Is it always dumb? It depends on the steward.” “There's so many ways you can invest in real estate that can spread your risk, get you in different markets, and doing different things.” “If you don't know this, our vision and our goal is to get over a thousand of you, and this includes you guys and as well as our own clients, helping you guys become financially independent by 2030.”

    Bouncing Back From Business Failure with Kim Flynn | 568

    Play Episode Listen Later Dec 24, 2021 23:00

    She has been on the podcast many episodes ago and she is back to talk about how she bounced back from failure. Kim Flynn is a bestselling author, podcaster, and serial entrepreneur with several 7 and 8-figure businesses under her belt. She is the CEO of Card Salad and she will be sharing her experience with us from being at the top, crashing to the bottom, and getting back up again. Listen to this episode to learn how to navigate the grief that comes with failure and how to get yourself ready for a new chapter in your life.  Key Talking Points of the Episode [00:00] Introduction [01:18] Invest with Secured Investment Corp! [02:33] Who is Kim Flynn? [03:44] How did Kim become an entrepreneur? [04:51] Kim's decision to go big [05:46] Playing big and playing bold [06:39] The turning point in Kim's business [07:09] Kim's depression [08:01] The death of Kim's business [09:08] Getting through the grief [10:02] Rebuilding herself and her business [14:21] One of the biggest lessons Kim learned [15:41] Letting go and being free of worry [16:19] Other lessons Kim learned from business [17:09] The power vs. force concept [19:10] Is what you're doing what you really want? [21:04] What's the best way to find Kim? Quotables “That's a reality for women, if we have children, and for dads as well if they're the exclusive child provider - it really is a job and you can't expect yourself to be able to do everything all at once.” “You can't take the entrepreneur out of someone who is entrepreneurial.” “It was mostly deep grief. I've experienced deaths in my life, it was death. It was the death of my future, the death of everything I've worked for.”

    How Do Ripplers Give Abundantly | 567

    Play Episode Listen Later Dec 22, 2021 18:00

    A lot of people suffer in silence all year long and every bit of help they can get matters. Giving has always been part of what we do at Money Ripples and as a Rippler, we want you to be able to serve others even when it isn't the holiday season too.  In this episode, I am telling you the stories of how I was lifted up by people around me when I needed it the most and how you can serve others too, so you can be that light that they need in their darkest days.  Happy Holidays, Ripplers! Let's continue to serve and help people, even when it's not Christmas! Key Talking Points of the Episode [00:00] Introduction [00:55] Passive Income Calculator on Money Ripples [01:51] Struggles in life [02:53] What does being a Rippler mean? [05:36] The Christmas where I was struggling financially [08:02] 12 Days of Christmas [09:31] Cinderella Man [10:35] Giving more to receive more blessings [13:18] Serving all year long [14:16] Connecting and giving back [15:32] Lifting other people up Quotables “Most of the time the suffering that we do, it's stuff that happens in silence.” “Here's the truth, if you do not change and become the best version of yourself now before you hit that number, things aren't gonna get better for you.” “I couldn't teach people to get out of the rat race because I was back in it.” “The more we give, the more we receive. We get so much more and it's not just getting money back. There's so much more blessings and so much more joy and happiness.” “During that time of my divorce, I had a lot of them leave than come into my space.” “Give abundantly, receive abundantly.”

    What Are Life Settlement Funds with Kevin Nichols | 566

    Play Episode Listen Later Dec 17, 2021 29:00

    In today's episode, we are joined by Kevin Nichols, the master of life settlements and the managing partner at Penumbra Solutions. His Penumbra Fund invests in life settlements with lower costs so you can get your money working for you with the lowest risks and greatest returns possible.  Watch this video to learn more about life settlements from Kevin and to see if it is an investment that will work for you and your goals! Key Talking Points of the Episode [00:00] Introduction [03:41] Fractionalized life settlements as an alternative [04:24] Setting up their first fund in 2010 [06:02] Focusing on private equity funds and senior life settlements [06:52] What is a senior life settlement? [07:44] Whole life policies  [08:33] Where does Kevin find these policies? [10:41] The returns from life settlement funds [11:16] How are the funds handled? [11:44] Buying growth in advance [13:35] Life expectancy today [15:02] Is it a morbid business to be in? [16:14] The biggest player in the industry [18:41] Is this the right investment for you? [24:20] Life settlement funds for wealth transfer [24:50] Working with Roth IRA funds [25:58] How can you contact Kevin? Quotables “You don't have to take high risks to get high returns. It's how you create the lowest risk to get the highest returns possible.” “The average age of the insurance in our funds is over 92 years old.” “These people raise their hand and say, “I can't afford this any longer”.” “It's a great vehicle for wealth transfer, but not from a tax standpoint.” “If you're gonna have to pay for taxes, the best alternative, of course, is to make it grow as much as you can.”

    Is the 4% Retirement Rule Dead | 565

    Play Episode Listen Later Dec 15, 2021 16:00

    For years now, many people have been questioning this rule and how it's supposed to work for us, because if you run the numbers, they just don't make sense!  Watch this video to learn more about the 4% rule, why it doesn't make sense anymore, and what you should be doing instead. You can break free from the norm and you can create a retirement you would like to live! Key Talking Points of the Episode [00:00] Introduction [01:37] What is the 4% rule? [02:55] Is 4% too much? [03:55] The big issue [05:14] How inflation affects the 4% rule [07:18] Why the numbers should be lower [08:17] Is it because people aren't saving? [09:53] The misquoted Einstein quote [10:45] Gambling your money [11:45] Looking at alternative investments [12:45] The 4% rule doesn't work [13:01] Look outside the norm Quotables “The 4% rule has traditionally said that whatever amount of money you save in retirement, you should be able to live on 4% of that money and not run out of it for life.” “When you move into retirement, it's not like you're taking stock market returns.” “The truth is, we all know that inflation is much higher than what the government is telling us.” “The Wall Street Journal just recently came up with an article that says 4% should no longer be the benchmark people should be using.” “A couple of hundred dollars a month, they couldn't even come close.” “It's not because people aren't saving.” “Nowhere has Einstein ever said that compound interest is the 8th wonder of the world, talking about money.” “The way to go is by looking at these alternative investments, looking at ways to generate income.”

    Passive Income Thru Rank and Rent SEO with Luke VanDerVeer | 564

    Play Episode Listen Later Dec 10, 2021 22:00

    It's always a great idea to look into other kinds of businesses that can help you create that extra income you need so you can eventually live financially free.  In today's episode, we've got Luke VanDerVeer to talk about how he broke away from his 9-5 job at GE and built a business that generates passive income through Rank and Rent SEO. Luke is one of the leading experts in Rank and Rent SEO, with one of his websites competing against Walmart, ranking 4th in the entire US. He has generated many leads in 73 different niches across 48 states, and he is here to tell us all about it.  Watch now if you want to learn how to create passive income online through the use of SEO, the way Luke did it!  Key Talking Points of the Episode [00:00] Introduction [03:46] The different business models Luke tried [04:27] Luke's multi-level marketing experience [05:10] How Luke got into SEO and lead generation [06:12] How does rank and rent SEO work? [07:27] Generating leads exclusively [10:05] Letting Google do its job to create passive income [13:19] How do you get the leads to the business owners? [13:45] Website Rental Coaching [15:33] Results from Luke's students [17:06] Dollars follow value [18:05] Luke's interest in lead generation Quotables “You have no leverage as an employee. When you work 40 hours, you get paid 40 hours.” “The idea is to find a market where there is a need for whatever the service is.” “As long as I am sitting at that top spot, Google is doing its job. People see that, people click on the site, and people call.” “Realistically, if you wanna replace a full time salary that's $4K-5K a month, that might be like 3-4 websites.”

    Did You Recently Become a Millionaire? | 563

    Play Episode Listen Later Dec 8, 2021 20:00

    In the previous years, statistics have shown that more people in the country are becoming millionaires just from the assets that they own. Being a millionaire doesn't always mean you make a million dollars, it means you own assets worth a million dollars at least.  If you've become a millionaire recently, this video is perfect for you. Watch this video to learn about what it means to have a millionaire's net worth, how you can make your net worth work for you, and how you can achieve financial freedom through it!  Key Talking Points of the Episode [00:00] Introduction [01:26] Growth in everyone's net worth [02:27] Did you recently become a millionaire? [03:27] The reality of being a millionaire [03:54] 2020 statistics [05:15] Sticking to a budget [06:23] The difference in mindset [07:14] Millennial millionaires [08:26] How you become a millionaire [09:48] Is your net worth paying you? [12:22] Refinancing mortgage and freeing up costs [13:56] Reusing equity that's part of your net worth [14:40] Using your savings to generate more income [15:39] Creating an income snowball [16:13] Freeing up money before investing [17:21] Finding a way to make your net worth pay you Quotables “For the most part, people's net worth has grown in the last year.” “Overall, everybody's net worth has been increasing, even when you're spending more than you're making.” “The truth is that really being a millionaire isn't as unique as it once was.” “Many times, people stay in poverty because of that victim mentality.” “If your net worth is not paying you, that net worth is worthless.”

    The Most Affordable Health Insurance with Keaton Patey | 562

    Play Episode Listen Later Dec 3, 2021 23:00

    Here's the thing - many people don't realize that there are other options for health insurance aside from what the government and their advisors are giving them, and that's what our guest, Keaton Patey is talking about in this video.  Keaton Patey is in the space of health insurance and he has helped me, along with many other people, get the most affordable insurance they can. Watch this video to learn more about health insurance, why you need it, and why you don't need to pay thousands for it!  Key Talking Points of the Episode [00:00] Introduction [01:32] Health insurance [02:30] Getting a real insurance plan [03:49] How did Keaton get involved in health insurance? [07:43] Healthy looks differently for everyone [08:17] Flexibility of health care plans [09:23] Paying thousands for Obamacare [16:05] Is it too good to be true? [17:06] Comparing it to car insurance [18:29] Where health care for everybody fails [20:10] Why you should get in touch with Keaton Quotables “They dumb it down and say “Hey, if you're healthy, you should pay less. If you're a business owner, we can give you tax benefits and other ways to innovatively offer this in your company.” “The biggest thing is, healthy looks different in people.” “The person who's telling you to keep that plan has incentive to do so.” “The place that I see where most people miss out on is the holes in your bucket where that money is draining out.” “Why spend more money on something that doesn't give you any benefit?” Links Contact Keaton: https://calendly.com/keaton-patey/health-money-ripples

    Turn Your Credit Into Passive Income | 561

    Play Episode Listen Later Dec 1, 2021 16:00

    You don't always have to rely on financial capital to create cash flow passively. You can use human capital and you can use your credit too! In this video, I'm talking about some of the best ways you can use credit to create passive income. Watch now if you're struggling with credit, if you have good credit and want to help those who don't, or if you simply want to learn how to leverage your credit to make more money!  Affliate Link for Tradeline Supply: https://www.tkqlhce.com/click-100413514-13587430 Key Talking Points of the Episode [00:00] Introduction [01:32] Thinking you need money to make money [02:05] Making money through human capital [03:02] Using your credit to make money [03:48] Becoming a credit partner [04:57] What if you don't have very good credit? [05:53] Partnering with my dad [06:24] Being an authorized user for a credit card [07:10] How does being an authorized user help your credit score? [08:19] Higher credit scores mean lower interest rates [12:01] Helping people get better credit with no risk [12:34] Having multiple users on your card [13:07] Working smarter, not harder Quotables “If you have financial capital, you can take that financial capital and turn it into cash flow.” “If you're not using financial capital, another way to do it is by using human capital.” “You can turn your skills and your talents into money. That's human capital and it is the best way to make money without money.”  “The longer your good history for this card, the more they'll pay you.” “They don't get any of my information, but I get theirs.”

    How This Hollywood Man Grew His Passive Income Despite Lockdowns | 560

    Play Episode Listen Later Nov 26, 2021 23:00

    In today's episode, I am joined by a good friend from Hollywood, Louis Visco. Louis has spent the last 25 years of his life working in film and TV. He made a huge shift in his life right before the pandemic started and he didn't let COVID stop him from creating passive income.  Listen now to hear it from someone who spent years at his full-time job before realizing that he needed something more than just his pension and mutual funds. Louis now has multiple rental properties out of state and is starting to generate more passive income than he thought he could!  Key Talking Points of the Episode [01:26] Get passive income from Secured Investment Corp!  [03:29] Louis' career in Film & TV [04:16] Louis' hobbies and interests [05:33] Why did Louis get into real estate? [06:31] Saving money through traditional strategies [07:45] How did Louis discover Money Ripples? [08:27] Louis' income goal [10:27] Louis' first property in California [10:55] Investing out of state [11:33] What the first time was like for Louis [12:36] Getting your feet wet [13:42] Having a change in mindset [14:32] Realizing the dangers of relying on his job [15:07] The COVID-19 wake up call [17:40] Working with good property managers [18:05] Where are Louis' properties located? [19:00] Advice from Louis to new and aspiring investors Quotables “As much as I love my job, I realized that I have a shelf life.” “Once you buy the first asset, each success becomes easier and it's become a game changer.” “At some point, you have to take that leap and face that fear.”  “Face your fear and take that first step, and everything will fall into place eventually.”

    The Investing Broke People Like to Talk About | 559

    Play Episode Listen Later Nov 24, 2021 20:00

    You probably already know what this is about because it's all over social media and mainstream media, but I want you to hear about it from an investor's point of view too.  If you don't want to be broke and you want to build real wealth, this episode is for you. In this episode, I'm telling you what kind of investing broke people are talking about, why you should avoid them, and how you can change your mindset so you can become successful!  Key Talking Points of the Episode [02:07] The urgent need for change [03:04] Who are these broke people?  [04:12] Appraisal fraud after the last recession [06:07] Why you shouldn't give into the hype [07:20] The crypto bubble [08:42] The stock market [09:28] The gambler's mentality [11:20] Why you should be careful with crypto [12:59] Learning from those who have experience [14:16] A warning to gamblers [15:45] Never look back [16:37] Investors don't gamble [16:54] Advice from a successful investor [17:20] Boring is sexy [18:00] The choice is yours Quotables “Every single week or month that goes by, opportunities are just going by.”  “There are plenty of opportunities out there, but the one thing that you can never get back is time.” “Time is what you need right now to get some value in your life because you don't know how long you're gonna be on this planet.” “Those shiny objects can throw people off if you're not disciplined.” “Stay in your lane and invest in what you know.” “Focus on what works. Go for the stable, predictable stuff.” “There are great investments out there with lower risk than stocks and crypto.”

    From Bootstrapping to 8 Figure Businesses with Bryan Clayton | 558

    Play Episode Listen Later Nov 19, 2021 27:00

    Bryan Clayton has gone from scratch and bootstrapped his businesses to 8 figures. He turned Peach Tree in Tennessee into a $10 million a year business before he was able to sell it, and he started Greenpal shortly after, which has over 200K active users all over the country today.  In this episode, we're talking to Bryan as he shares how he went from landscaper to business owner to multimillionaire. Listen now to hear tons of gold nuggets of wisdom from someone who turned a business that isn't flashy and glamorous into something that racks 8-figures a year and reaches hundreds of thousands nationwide!  Key Talking Points of the Episode [01:30] Simple Passive Cash Flow [04:10] Continuing the business after college [05:47] A nine-year overnight success [06:15] Entrepreneurship isn't just manifesting [07:10] Is entrepreneurship a skill set? [08:28] How did Bryan start investing? [09:29] Investing takes the pressure off your business [10:05] The snowball effect [11:41] The truth about reinvesting [12:10] Paying yourself first [13:15] Bryan's tips for bootstrapping your business [14:17] Why should you focus on revenue?  [15:09] Having accountability in business [16:24] Bryan's advice for new entrepreneurs [17:05] Learning more through experience [23:06] Two strategies for startups [24:12] Focusing on the fundamentals Quotables “People overestimate what they can do in a year and then underestimate what they can do in ten.” “I think anybody can be an entrepreneur so long as you're willing to sacrifice and play the long game.” “Revenue is always the best kind of financing for any kind of business.” “Nobody's going to steal a broke business.”

    Why EVERY Entrepreneur NEEDS Passive Income | 557

    Play Episode Listen Later Nov 17, 2021 20:00

    There have been so many things that happened from 2020 that should've woken you up to start doing things differently for yourself and your business. If you are the next business to close its doors, what's going to happen to you? If you don't know how to answer that question, then this episode is perfect for you. We need multiple streams of income and we're going to talk more about why you need it, what happens if you don't, and how you can protect yourself further. Key Talking Points of the Episode [01:39] Invest with PreREO!  [02:30] The truth for entrepreneurs [03:16] Are you doing things differently today?  [04:17] Taking advantage of the inflation [04:39] Starting with emergency reserves [05:10] Gambling your money [08:40] The market will not stay up [09:10] The market crash is just overdue [10:11] Your number one investment [11:15] Why do you need a profitable business? [12:00] How do you protect yourself?  [14:19] What do multiple streams of passive income give you? [15:15] Mindset liberates you from an emotional standpoint [16:02] Do you ever feel trapped in your business? [17:30] The stress of your finances will always be there [18:18] Reassess your goals Quotables “What happened in 2020 was a fire alarm for you. It should've been a fire alarm for you.”  “That gamble mentality is what happens right before you tank.” “The biggest thing you should've learned from 2020 is that you need other streams of income coming in.” “If you're an entrepreneur, your number 1 investment should be your business.” “No matter what kind of business you're in, you need multiple streams of passive income.”

    Dealing with Anxiety at Work with Adrian Gostick | EP556

    Play Episode Listen Later Nov 12, 2021 20:00

    The COVID-19 pandemic has brought a lot of drastic changes in everybody's lives, but one thing we don't talk about as much as we should is the impact it has on our mental health. In this episode, we have Adrian Gostick to talk about how to deal with anxiety at work.  Key Talking Points of the Episode [04:30] Leadership and how it affects success [05:23] What are leaders struggling with today? [07:12] Starting your day with yourself [07:50] Dealing with your team [09:05] How do you achieve balance as a leader? [10:05] Why won't people talk to their bosses about mental health?  [10:46] Creating a safe place for people [12:50] Creating relationships within your team [14:30] How can people start their day better?  [17:26] Gratitude as a mantra [18:15] Anxiety at Work   Quotables “Financial success is great, but we also have to make sure that we're successful within ourselves.” “With the pandemic, all of a sudden, the anxiety and stress many people were feeling in private became very public because we were all feeling it.” “We gotta take better care of ourselves and we also gotta take much better care of our teams way more than before, and start to bring up this mental health aspect.” “If you wanna become successful financially and as a leader, start everyday with yourself.” “We're not asking for managers to become therapists, by any means. We're asking them to be empathetic.” “Breathe in four, hold in four, release four.” “The human mind isn't capable of holding two thoughts at a moment. If I am grateful for what I have, what's happened, what is going on right now, I can't be anxious at the moment.”

    Life Insurance Update - Time Is Almost Up - 7702 Is Coming | 555

    Play Episode Listen Later Nov 10, 2021 13:00

    Infinite banking policies and whole life policies - when is the best time to get them?  If you have been debating about whether or not to buy policies yet, this episode will help you make your decision. There are some big changes that are going to happen in 2022 with insurance companies and their policies, and we want to make sure you can squeeze the most returns out of your policies possible. In this episode, we're talking about the policies you should get, the numbers involved, and what's going to change when 2022 comes around the corner.  Key Talking Points of the Episode [01:35] Invest with preREO!  [02:26] Is infinite banking for you? [05:31] The 7702 Tax Rule [06:34] What changes in 2022?  [07:17] Is it going to get better? [08:15] What happens to policies bought before 2022? [09:12] Why should you buy your policies now? [10:02] Getting your policy in 2021 [11:03] Death benefits and rate of returns now Quotables “The Max ROI Infinite Banking policy gives you the lowest death benefit, lowest cost possible, allowing maximum cash to go in, giving you the best rate of return possible.” “The insurance has to go up to compensate for a lower return.” “2021 is the best that it's going to be. It's not getting better right now, it's actually getting a little lower on the returns side.” Links Website: preREO https://prereo.com/moneyripples Youtube: Money Ripples with Chris Miles https://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA

    From Flipper to Passive Investor with Steven Pesavento | 554

    Play Episode Listen Later Nov 5, 2021 27:00

    We have Steven Pesavento on the show today, the host of The Investor Mindset podcast, an active investor that curates commercial real estate investments for his company VonFinch Capital. He has raised tens of millions of dollars which has successfully cycled through many different assets through the years.  Steven started investing in single-family properties and flipped over 200 houses in 3 years before he went down the road to multi-family and commercial properties to create flexibility and independence.  Key Talking Points of the Episode [02:09] Who is Steven Pesavento?  [05:15] Finding people who did what they wanted to do [07:01] The importance of building a business [10:20] Passively investing in large opportunities [14:14] The benefits of being a passive investor [15:35] The benefits of having passive investors for operators [19:19] Understanding who you're investing with [19:30] The Ultimate Passive Investor Playbook [20:34] Betting on the jockey and not on the horse   Quotables “One of the things that was missing, one of the things that drove me to the path of consistent investment was realizing that I had built a second job. I have built a new career, but I haven't built a company.” “It's much tougher to go manage 5 single-family rentals than managing 200 units in an apartment building.” “You don't need to be an expert in order to invest passively in real estate. However, it is valuable to get educated so you can make the right decisions and invest in those right teams.” Links Website: The Investor Mindset https://www.investormindset.com/

    Besides Stocks What Else Can You Invest In | 553

    Play Episode Listen Later Nov 3, 2021 20:00

    In today's episode, we're not going to talk about all the kinds of investments under the sun, but we are going to talk about the investments that can give you financial freedom. There are a lot of options to make millions and it's better if you have an idea about them before you get involved!  Listen now to learn more about real estate investing, the different strategies and facets of real estate, and other investment options you have outside of real estate! Key Talking Points of the Episode [01:17] Money Ripples new online calculator [01:30] Invest with preREO!  [02:25] What should you be investing in?  [03:13] Traditional retirement accounts [08:14] Appreciation of your equity [08:55] Running the numbers [10:05] The real estate market [12:36] Investing in self-storage [14:53] Investing in commodities [18:00] Working with clients 1-on-1 [19:00] Reach out to us at Money Ripples   Quotables “First off, we don't give recommendations because every person has a different, unique situation. Second, it really depends on what you want to do.” “Honestly, real estate is probably one of the best places you could put your money.” “Cash flow is what we bank on. We don't bank on appreciation, cash flow is the key thing.”  “If you buy rental real estate, you get tax advantages, cash flow, equity, and appreciation.” “There's millions of ways to make millions of dollars. Do you really think that you have to keep doing stocks and mutual funds to get that result?” “That's the one thing you can count on - that you will not be able to create enough wealth to be happy or to be financially free, unless you live like a pauper in retirement.”

    Is the Eviction Moratorium Affecting Apartment Rentals with Lane Kawaoka | 552

    Play Episode Listen Later Oct 29, 2021 19:00

    In real estate, the best things aren't always the ones that are hyped up. Some of the great deals fly under the radar and that's what our special guest, Lane Kawaoka will talk about today.  Lane Kawaoka has been investing in residential real estate and he now has thousands of doors he's managing, operating, and syndicating all over the country. He invests in apartment buildings and in tertiary markets, and he's going to tell us more about that and how eviction moratoriums have affected his rentals. Key Talking Points of the Episode [01:12] Who is Lane Kawaoka?  [02:13] How did Lane get started in real estate?  [08:10] How to minimize the risks as an investor [11:12] The supply and demand situation today [12:34] What is it like working in tertiary markets? [14:39] What are good tertiary markets?  [15:21] Where can you find Lane Kawaoka?  Quotables “If you can't pay, you can't stay.” “Since the beginning of the year in January, rent's been on fire.”  “Most people would say you make your money on the get go, but I kinda say, you gotta go into a deal that cash flows strongly so your occupancy can drop.” “Apartment buildings will typically stay above 80% if you run it forwardly.”  “If you keep flipping houses and do a lot of active stuff, you can't get to other stuff.” Links Podcast: Simple Passive Cashflow https://simplepassivecashflow.com/ LinkedIn: Lane Kawaoka https://www.linkedin.com/in/lanekawaoka/

    Why Did I Quit Financial Advising | 551

    Play Episode Listen Later Oct 27, 2021 33:00

    I always say that I am an anti-financial advisor, but I used to be a financial advisor. I didn't leave because I wasn't making money, I was at the height of my practice when I left. It wasn't because it was stressing me out either, it was out of pure integrity.  Key Talking Points of the Episode [01:10] Why did I break out of the traditional mold of financial advising? [02:48] How I got started as a financial advisor [03:15] Who trains financial advisors? [09:05] Dave Ramsey's mistake [13:40] Real rates of return vs Average rates of return [16:15] Using different inflation rates in the computations  [17:00] The truth about inflation rates [20:40] Figuring out how I could make it work [27:35] Realizing that I had to leave   Quotables “I couldn't keep living a lie. I would never teach you anything that I'm not doing myself.” “There's a lot of assumptions that ruin everything and it is what poked little holes of doubt in my financial planning, and I had to leave.” “When the market is going up, don't put money in. It's too expensive.” “Figures won't lie, but liars will figure.”   Links Youtube: Money Ripples with Chris Miles https://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA Book: Who Took My Money https://www.amazon.com/Rich-Dads-Who-Took-Money/dp/1612680453

    No Money Down Real Estate Investing with Ron Legrand | 550

    Play Episode Listen Later Oct 22, 2021 28:00

    Today, we have Ron Legrand on the show to talk about investing with no debts and no money down! Ron has been around real estate for a long time and he is a nationally recognized real estate expert with about 40 years of experience in both residential and commercial properties. He has personally bought and sold over 3500 single-family homes and over $300 million in commercial properties! He has spoken in front of huge audiences around the country. Key Talking Points of the Episode [01:12] Who is Ron Legrand? [02:30] How did Ron get into real estate? [04:25] Ron's advice to people today [05:43] Why you need to stay out of debt [08:40] Buying on your own terms [11:45] Listening to the wrong people [13:08] Not getting out of your own way [19:31] What does Ron teach? [23:03] Where to find Ron and his courses Quotables “Not guaranteeing debt is a big safety factor against another downturn.” “The longer you own the house, the more money you will make.” “When you put yourself in a position where you can't lose, it's difficult to lose.” Links Courses: Ron LeGrand's Gold Club https://www.ronsgoldclub.com/category/training Book: How to Be A Quick Turn Real Estate Entrepreneur In Any Economy https://www.ronlegrand.com/products/rons-free-book-video/?referrer=recessionproofron.com&cid=IQ1138TW1

    How to Start Building Passive Income NOW | 549

    Play Episode Listen Later Oct 20, 2021 21:00

    At Money Ripples, our goal is to get you the freedom so that you work because you want to and not because you have to, and that's what we're talking about today. In this episode, we will talk about passive income and how you can start building it, no matter where you're at in life. If you're looking for ways to create passive income, this is for you. Listen now and learn what you need to do to make it happen! Key Talking Points of the Episode [01:20] How do you get started in creating passive income? [03:30] Should you learn strategies first? [05:30] Rushing into investing [06:31] Coming from a place of scarcity [07:04] The importance of freeing up cash [08:30] Beyond Rice & Beans [09:45] Stop contributing to a 401k [10:10] Starting to invest [14:50] Be one of the first 10 people! [15:17] Who is the Wealth Accelerator Academy for? Quotables “If you want to have that kind of life, you want to have the life of those you're following, not following someone who is a blind guide.” “Any education that's only teaching strategy is a sure fire way for you to fail.” “You will not get wealthy just trying to gamble.” Links Book: The Richest Man in Babylon https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111 Free E-Book: Beyond Rice & Beans https://moneyripples.com/ Podcast Episode: 401K Lie: The Myth of the Match https://moneyripples.com/2021/10/11/myth-of-the-match/

    Increasing Profits to Scale Your Real Estate Business with David Richter | 548

    Play Episode Listen Later Oct 15, 2021 22:00

    Today on the show, we have David Richter, the CEO of Simple CFO Solutions. Simple CFO Solutions helps business owners, especially real estate investors, make sure that they know their numbers and that they are keeping profit.  David is an active real estate investor and through his years in the industry, he learned to understand the business side of it too. Coming from around 5 deals a month to over 25 deals a month, David is now close to about 850 deals as an investor. Key Talking Points of the Episode   [02:30] How did David get started in real estate?  [04:15] Working with another investor after understanding finances more [05:00] How Simple CFO Solutions was born [06:00] What is the difference between a CFO and a bookkeeper? [07:28] What is David's predictive index? [08:46] What's the Fractional CFO concept? [10:30] Benefits of having a Fractional CFO [11:25] Is a CFO also a CPA or a bookkeeper?  [13:17] What kind of businesses does Simple CFO Solutions help?  [13:57] The most common and the biggest pitfalls that people have [16:05] Mike Michalowicz and the importance of profit in business [17:53] Getting out of the rat race [18:52] Get in touch with David!    Quotables “There's a difference between creating a lot of money and creating a lot of profit.” “Fractional CFO is basically just less cost and just part-time.” “Money is so emotional to everyone and it's not very comfortable for everyone to talk about it on the phone."   Links Website: Simple CFO Solutions https://www.simplecfosolutions.com  

    Are YOU Patient Enough for Financial Freedom? | 547

    Play Episode Listen Later Oct 13, 2021 22:00

    In this episode, Chris Miles talks about patience and how having it along with consistency and persistence will help you build the momentum you need in order for you to create the freedom you've been dreaming to have. Chris shares his life before Money Ripples, how Money Ripples came to be, and how it has been for the past 9 years. Listen to the episode to learn about his journey and how he is using it to help others create passive income and financial freedom! Key Talking Points of the Episode [00:52] The mindset about finances [01:31] The key to prosperity [03:57] The truth about overnight successes [05:10] Before Money Ripples [05:47] The plan to take over [08:00] Creating Money Ripples [09:55] Launching Money Ripples [12:30] Navigating the spotlight [14:12] The growth of revenue [18:55] Consistency and persistency Quotables “Everything requires patience.” “The evolution of Money Ripples went from not just freeing up cash flow and stopping money leaks, but even to the point of creating passive income to create financial freedom so that you can work because you want to, not because you have to.” “It takes momentum and time, doing the right things, and not giving up.” “As you take action - consistent and persistent action, results will happen.”   Links Mr. Beast's video from 2015: Hi Me In 5 Years https://youtu.be/AKJfakEsgy0 Book: Three Feet from Gold: Turn Your Obstacles Into Opportunities by Greg S. Reid and Sharon Lecter https://www.amazon.com/Three-Feet-Gold-Obstacles-Opportunities/dp/1455816132

    5 Easy Steps to Raising Capital with Dave Dubeau | 546

    Play Episode Listen Later Oct 8, 2021 22:00

    Did you know that you can have other people's money working hard for you and them? It is absolutely possible. Our guest today will be teaching the tips and tricks to raise capital. Today we have Dave Dubeau joining me on the show. He's a professional real estate investor, bestselling author, a sought-after consultant and coach, and trainer. Dave will be sharing 5 easy steps to raising capital. According to Dave, the best place to start is building a target group from the contact list on your phone and email and then using some funnels to attract investors. Listen in to this episode and learn how to raise capital for your business. Key Talking Points of the Episode: [02:13] How Dave got into capital raising Steps into raising capital [04:31] Create a target group of prospective investors [08:55] Get ready to go to your list with a presentation [10:04] Marketing: keep it simple and entertaining [12:32] Be seen as an authority in the eyes of the target group [13:53] Start the snowball effect with referrals and testimonials [17:04] Educational materials that Dave offers Quotable Quotes from the Episode: “If somebody is going to invest with you, they're going to need to trust you with their capital.” “Once you've got that target group, you want to break the ice with them before you start talking business.” “The easier it is for them the to understand, the more likely they are to invest with you.” Connect with Dave Dubeau: Website: https://investorattractionworkshop.com/  

    Are 529 Plans Best for College Savings | 545

    Play Episode Listen Later Oct 6, 2021 15:00

    Is it wise for you to invest in a 529 plan? In my opinion, you should invest in a life insurance policy instead. I will back up my view with facts in this episode. 529 plans are meant for college savings only and are invested in the stock market. The funds are based on the age of the child, and you do not control the money. One of the most significant shortcomings with 529 plans is that you do not have control over your money and if your child ends up not using the money, you risk getting penalized and taxed for you to access the money and taxed. In this episode, I will be sharing the pros and cons of 529 plans, the alternatives of 529 plans, and how to use life insurance as an alternative. Listen in to this episode and learn. Key Talking Points of the Episode: [01:12] How 529 plans can work for you in your favor [03:15] Disadvantages of 529 plans [04:26] Alternatives of 529 plans [06:37] How to get around life insurance as an alternative for 529 plans Quotes:  “I can't go and invest my money from 529 planning to buying real estate, but I can use the money for my life insurance to go invest in real estate invest in business. It is flexible and tax free too.”   Be sure to subscribe to our YouTube channel, The Money Ripples with Chris Myles. We always have to show you things, and they can be a handful to understand on a podcast.

    Achieving Financial Freedom Faster Than Thought Possible w/ Whitney Hutten | 544

    Play Episode Listen Later Oct 1, 2021 22:00

    Achieving financial freedom is everybody's dream. Unfortunately, many of us spend a lot of time trying to achieve financial independence without asking for help. On today's show, I have the privilege of hosting an amazing lady who made the bold decision of seeking help when she felt stuck. Right now, she is in a better place than she ever imagined. In this episode, Whitney will be sharing how her real estate journey began, what triggered her to want growth, and her plans for the future. Listen in and learn. Key Talking Points of the Episode: [02:12] Whitney's backstory: How she joined the real estate world [05:32] What inspired Whitney to make the first step and want to grow? [10:22] What's the next thing for Whitney in real estate? [12:01] Why is Whitney going back to single-family? [13:12] Whitney's plan for the future [15:36] Whitney's message to her younger self [16:24] Importance of having a mentor Quotable Quotes: “It's worthwhile to have a balanced portfolio.” “Single family and multifamily are technically on what we call uncorrelated assets in the real estate space. They move a little bit differently from each other.” “Find somebody to help you and open your mind.” Connect with Whitney Hutten: LinkedIn: https://www.linkedin.com/in/whitneyelkinshutten/detail/contact-info/ Website: https://ashwealth.com/

    Is Your Roth IRA in Danger | 543

    Play Episode Listen Later Sep 29, 2021 16:00

    Biden put himself in a tough spot. He's put himself in a corner because he made this campaign promise that no one who earns less than $4,000 a year is going to get any more taxes. The challenge has been how the government will raise money to meet its needs. In this episode, I will be giving you the information you need so that you'll be in a better position to make informed decisions when it comes to your money and investments.   Listen in to this episode. Key Talking Points of the Episode: [02:19] Introduction: The tax changes [04:33] What will be affected by the tax changes? [05:52] Saving to a Roth and why you should avoid it now [08:49] Accredited investor [11:36] Dangers of partnering with the government Quotable Quotes: “Roth IRAs can be great now, but in the future, they might have zero benefit.” “Anytime you try to partner with the government, you're most likely going to lose. You're going to lose because the house always wins.” “The government does not have your best interest. You should care more about your money, and you should be taken action to protect it.”

    How Has Self Storage Investing Grown Since 2020 | 542

    Play Episode Listen Later Sep 25, 2021 20:00

    Self-storage investing is gaining popularity by the day. We usually say that every cloud has its silver lining, and the Covid pandemic was not left out. Investors in the self-storage niche have witnessed growth in their business since 2020. Due to the pandemic, people decided to have their things in self-storage due to the lockdown. Also, families had to move some of their belongings to storage to create room for everybody to be home. In this episode, we have Scott Myers joining us on the show. Scott is labeled the Nation's Leading Expert in the self-storage business. Scott defines himself as a man who makes mistakes and learns from them. In this episode, Scott will educate us on how self-storage investing has grown since 2020. Listen in to this episode. Key Talking Points of the Episode: [01:04] Introducing our guest [01:55] Who is Scott, and what does he do? [05:17] How people are using self-storage units during the pandemic [08:04] The Y2K recession [10:15] What's the future for self-storage? [12:29] How Scott and his company put up storage units [14:22] Scott's growth aspects [15:53] How you can get in touch with Scott Quotable Quotes from the Episode: “We don't celebrate pandemics or recessions, but you know, we've done very well during the pandemic.” “Upward pressure on pricing means higher valuations.” “My philosophy is that we like to keep our folks happy.” Connect with Scott Myers: Website: https://passivestorageinvesting.com/

    401k Lie: The Myth of the Match | 541

    Play Episode Listen Later Sep 22, 2021 16:00

    Have you invested in a 401k, or are you planning to take up the plan? In this episode, I will be sharing my honest take on the 401K and let you be the judge. Did you know that the government is the primary partner anytime you put your money in qualified plans with the government? Partnering with the government is like having a 50/50 partnership with someone who has all the controlling power. They can change the rules anytime, tell you how much you can make out the company, how much you can pull out and when you can pull out. The unfortunate thing with government partnerships is you must pull out your money when they tell you to else; you risk being penalized. Before you think of putting your money into a 401K, I'd advise that you look into other investment options. Talk of real estate, oils, metals franchises, among others. In this episode, I will be bursting the 401K myths by sharing some practical examples that prove that 401K returns are not 100% as many people claim them to be. Key Talking Points of the Episode: [03:29] The big reason why I think 401K is not as cool as many people think [10:58] Partnering with the government Please note: To have a clear picture of what I'm talking about in this episode, watch the video on our YouTube channel. It will help you keep up with the calculations.

    Big Real Estate Returns In LESS Time with Gary Boomershine | 540

    Play Episode Listen Later Sep 17, 2021 34:00

    Do you have a desire to do short term rentals as a part-time business, but you have no idea where to start? You need to listen to our guest today, Gary Boomershine. He founded RealEstateInvestor.com in 2005 out of the need to scale and grow his real estate investing and home buying business. Gary grew up in a family with real estate investors. He had no idea that he would end up in real estate since he pursued a degree in computer science. His desire for freedom drove him to invest in real estate. Gary is actively involved in real estate investing and private lending. He enjoys fly fishing, skiing, hiking, mountain biking, and travelling with family in his free time. In this episode, Gary will share his wisdom on creating wealth and tips on how to find a property manager for short term rentals. Also, Gary will teach us about building a family economy and how to succeed in running short term rentals. If you would like to have big real estate returns in less time, Gary Boomershine is the right person to guide you. Listen in and learn. Key Talking Points of the Episode: [02:24] Gary's background [14:41] How to create wealth  [24:16] Tips on how to find a good property manager for short term rentals Quotable Quotes: “One lesson I would share for everybody in real estate, think there's three buckets, there's cash now, cash flow, and cash later.” “Time is the most important commodity that we have.” “There's nothing new under the sun. Don't reinvent the wheel in real estate.” “If you believe you can, or you believe you can't, you're right.” Connect with Gary Boomershine: Text “Cashflow” to 925-320-0575 to get free resources from Gary

    Who's the Right Financial Advisor for You? | 539

    Play Episode Listen Later Sep 15, 2021 25:00

    Who is the person you should be hiring to be the financial expert in your life? In this episode, I will be sharing some checklist items you should go through to determine if somebody should be the financial expert in your life. Getting a financial advisor is not a poker game. There is no way you can gamble your hard-earned money. It is essential to note that hiring a financial advisor doesn't mean giving up your decision-making role. You remain the boss of your money, and you are in charge of making all the decisions. The advisor should be a guide. Listen in to this episode to learn the tips. Key Talking Points of the Episode:  [05:10] Experience: Are they experienced and does the experience include a recession? [07:11] They should be independent [09:18] Fee-based and not commission based [10:59] They have a low-risk tolerance [13:36] cash flow focused; you should get somebody who has that focus on generating income [15:04] Team of experts: don't go for the One-Stop-Shop person, go for somebody who's specializing and has a team of experts surrounding him/her. Standout Quotes from the Episode: "Be careful not to hire an advisor, that's got one year of experience, repeated 30 times." "When any recession is hit, most people lose money in the markets. You don't want to be the majority; you don't want to be conventional. You want to be away from that." "Like attracts like people of integrity, attract people of integrity." "The truth is, you are the boss of your money, not them. You should not be turning over control to somebody else. You should not just let somebody else you all this decision-making for you."

    Striking Your Money Nerve with Bob Wheeler | 538

    Play Episode Listen Later Sep 10, 2021 20:00

    Do you think you have money issues? Many of us are likely to say they don't. Now, take a moment and look back. Do you remember an instance you had an issue at had, and instead of dealing with it, you decided to cover it up with the money? That's a clear indication you have money issues. In this episode, Bob Wheel will be striving the money nerve to help us have a better relationship with our money. Key Talking Points of the Episode: [03:10] Getting to know Bob Wheeler's background [06:24] How to identify when you are having money issues [08:46] Symptoms that may hinder people from creating wealth [10:40] Dealing with Naysayers [13:56] Emotional money triggers Standout Quotes from the Episode: "There's no shame in not knowing how to do things and asking questions, as long as you keep moving forward." "We use money as a measure of I'm good, or I'm bad." "I think there's a lot of people that will find all the excuses, and not push through the fear. It doesn't mean that people that are successful aren't having some fear, it's that they push through the fear." "When you step up and when you get successful, not everybody's going to love you. Not everybody's going to be happy for you. Do it anyway." "Money is a magnifier of the soul." "If you don't forgive yourself and let go of past mistakes, you'll never move forward. You're actually hindering your ability to create millions because you're stuck in regret from the past." Resources Mentioned: Navigating the Emotions of Money- Bob Wheeler

    Are You a Conservative Investor? | 537

    Play Episode Listen Later Sep 9, 2021 16:00

    Right now, things are all going great. The markets are up, prices are up, and real estate values are up. It's like it almost wherever you turn; you're making money. That said, it is essential to note that the noise too is up. How do you shut down the noise, and how do you invest? Are you a conservative investor? There is a great myth that if someone makes a lot of money, they're good with money. That's a complete 100% false. Making more money does not equate to you having more wealth or being smarter. I know people who have made millions of dollars, but they have no assets to show behind the scenes. Have you realized how some people in real estate are making money, but they are not using the money to make them more money? They are using the money to elevate their lifestyles and buying things that attract people to their business. The fact remains, if you want to have financial freedom, you need to have passive income. Your money must consistently work for you. How can you start your journey to financial freedom? The first thing is to stop seeking the advice of those that talk about the latest and greatest hottest trend trends or tricks or tactics. Those three T's do not necessarily equate to making more money. Key Talking Points of the Episode: [02:57] Bursting one of the greatest misconceptions when it comes to money [05:20] Making passive income Standout Quotes from this Episode: "Making more money does not equate to you having more wealth or being smarter when it comes to money." "If you do not have passive income, especially multiple streams of passive income coming in, you are in danger and at risk. Because something if it shuts off that mainstream of income, how are you going to be?"

    4 Proven Passive Investments with Scott Krone | 536

    Play Episode Listen Later Sep 3, 2021 19:00

    Have you been looking for proven passive investments? You need to sit back and pull a notebook because Scott Krone is about to spill the beans. Scott is a Chicago native whose career Bennett began architecture back in 1991. He got his master's at the Illinois Institute of Technology. While earning his degree there. He worked as a project manager for optimum Inc. Scott founded the Coda Management Group back in 2012. They specialize in managing real estate assets. Since then, he's done a wide array, everything from single-family, multifamily, retail, commercial, wholesale, its self-storage, which we'll talk about a little bit today as well, even athletic spaces. Currently, they have investments of over $55 million. In this episode, Scott will be educating us on four proven passive investments and help us understand how opportunity zones work. Are you ready to learn? Listen in to this episode. Key Talking Points of the Episode: [02:49] What inspired Scott to transition from architecture to investment? [04:42] Proven passive income investments [07:03] What are opportunity zones? [11:08] Scott's favourite strategy when it comes to passive investment [13:08] Investing in self-storage Quotable Quote from the Episode: "50%- 60% of our investors are investing with us because of tax strategies, rather than just gains. They're looking at how to shelter their taxes." Connect with Scott Kroner: One-Stop Self Storage: https://onestopselfstorage.com/ Coda Management Group: codamg.com LinkedIn: https://www.linkedin.com/in/scott-krone/

    Believe the Opposite | 535

    Play Episode Listen Later Sep 1, 2021 15:00

    Do you believe that if everybody is expecting something, then it's probably not going to happen? I belong to that school of thought. I choose to believe in the opposite. If everybody expects the stock market to go up, what will happen is, it'll stop going up. If everybody expects real estate to crash, that is your first sign that it probably won't happen. If you listen to the majority, the majority is usually wrong. Do you remember before the.com bust? Everybody was talking about the.com boom and how amazing it was, and as a result, it busted. Stocks were doing great for the 90s. What happened later in 2002, made the worst year because many people found out that companies were cooking their books. Choose to always believe in the opposite. The opposite is what people aren't expecting. If people are talking about inflation right now, you should really worry about whether there will be deflation? The opposite is where wealth can be created. Doing the same old as everybody else doesn't create wealth because if they were, they'd all be wealthy, but that's not the case. I hope this episode will encourage you to always look at the other side of things and think out of the box. I do not want you to have lackluster, familiar mainstream results. I want you to have extraordinary exalt results.     Quotable Quotes: "If everybody is expecting something, then it's probably not going to happen." "You only know who's swimming naked, when the tide rolls out."- Warren Buffet.   Do you want to get your money working for you? Visit https://moneyripples.com/

    How This Colonel Changed His Retirement Plan with Dan Markert | 534

    Play Episode Listen Later Aug 27, 2021 25:00

    Do you have a retirement plan, and if you do, would you consider changing it along the way to meet your future needs? In this episode, I have the opportunity to converse with Dan Makert. He was a retired Army Infantry Colonel. He also did two tours in Afghanistan. This is out in California. He's been in lately with the California National Guard. He's been a productive program director for competitive shooting, bath on programs, Human Performance research analyst and tactical fitness coach. He's now just retired and moving into this next phase. In this episode, Dan will be sharing some of the experiences he has had with the market, how his perspective has changed over the years and what he is doing now to protect his money. If you are about to retire or retired, this episode is for you. Key Talking Points of the Episode: [02:29] Getting to know Dan [05:06] Similarities between the 80's market and the current market [09:09] Dan's perspective has shifted [16:12] How is Dan protecting his money now? [19:09] Dan's vision Standout Quotes from the Episode: “It's a good lesson to be diversified.” “Don't spend too much time looking back and regretting what you may or may not have done in the past, just take action now.”    

    The Subtle Money Advice to Avoid | 533

    Play Episode Listen Later Aug 25, 2021 13:00

    There are a lot of misconceptions around money that many people are not aware of. For instance, many people believe that if you make a lot of money, you are wealthy. The truth is, you can make a lot of money and have no assets, and that's the case with many people. In this episode, I will be tackling some of the subtle misconceptions when it comes to money. I firmly believe that no matter how much money you are making, you should always have a part of your money working for you. Do you remember last year when Covid hit, and the government decided to make us close everything? Many people were negatively affected financially, and the only safe people were those who had their money-making more for them consistently. If you want to have financial freedom, you need to have multiple channels of passive income. Such that if one channel closes, you'll still have some money coming in. There is a shocking statistic that shows that 98-99% of Americans do not have passive income. Also, some of the millionaires we have do not have enough passive income. Listen to this episode and learn more about subtle deception when it comes to money. Key Talking Points from the Episode: [02:04] Making a lot of money equate to more wealth [04:44] Making passive income a priority Standout Quotes from the Episode: “If you do not have passive income, especially multiple streams of passive income coming in you are in danger.” “Your goal should not just be building that business; your goal should be creating enough passive income to where you work because you want to not because you have to.”   Do you have some money somewhere that's just sitting and not making you more? Feel free to reach out to me, and I will guide you on what you can do.

    7 Inconvenient Truths for the High Income Earner with David Phelps | 532

    Play Episode Listen Later Aug 20, 2021 35:00

    There is a considerable difference between wealth and income. Many people tend to confuse the two. One of the significant differences is that income is transactional, meaning you must keep showing up to make money. Have you met people who make multiple six or seven-figure incomes and are still broke? In this episode, I have Dr David Phelps joining me on the show. David and I will be talking about the inconvenient truths of high-income earners. David owned and operated his private practice in the dental space for 20 plus years. Significant life interruptions happened. Luckily, he had been doing things in the real estate game and investing doing things outside of the traditional norms. As a result, he was able to have more time to his disposal. David will share his story. Listen and learn. Key Talking Points of the Episode: [03:24] Getting to know David's story [07:43] What is happening in the real estate market? [11:27] Inconvenient truths of high-income earners [22:20] Captive insurance Standout Quotes from the Episode: "Everybody forgets and when times are good, people tend to forget that not everything keeps going up forever." "Whatever you start today, whatever your construct is, start it early and add to it as you go that compound effect the snowball effect in a positive way." Resources Mentioned: Secured Investment Corp: https://securedinvestmentcorp.com/ Visit us online at moneyripples.com. For more resources to help you fix money leaks and get your money working harder for you now.

    Dealing With Uncertainty | 531

    Play Episode Listen Later Aug 18, 2021 19:00

    The world we live in is full of uncertainty. There is uncertainty with real estate, the stock market, crypto, and even the government. The noise is so loud that we feel lost in uncertainty, and we feel like everything is out of control. We gravitate towards hyper control as a way of dealing with uncertainty. The truth is, hyper control cannot solve anything. It's just a way of making us feel in control. Key Talking Points of the Episode: [03:45] Dealing with uncertainty with hyper control Tips on how to deal with uncertainty [11:37] Go back to your earliest memory of success [14:28] Follow your intuition and trust yourself. Standout Quotes from the Episode: “When you feel out of control, you'll usually try to hyper control other parts of your life.” “When you're dealing with uncertainty, it's not the world you're afraid of. It's you, you don't trust” “My intuition tells me that it's not a matter of if, it's a matter of when things do turn around.” “If you create certainty within yourself, trusting your intuition, and you're connected people that do the same as well, you will find that you will tend to go the right path.” Resources Mentioned: American Homeowner Preservation: https://www.ahpfund.com/ Visit us online at moneyripples.com. For more resources to help you fix money leaks and get your money working harder for you now.

    Using TikTok to Build Your Real Estate Business with Dr. Sunil Saxena | 530

    Play Episode Listen Later Aug 13, 2021 17:00

    Can you create true wealth through the stock market? Do people use TikTok for educational purposes? In this episode, Dr. Sunil Saxena shares his strategy to reach over 640k followers on TikTok in only 8 months. Listen in and learn how to leverage social media to build your real estate business. Key takeaways to listen for Cons of investing in the stock marketBenefits of using social media for businessHow to get started in real estate  About Dr. Sunil Saxena Dr. Saxena has started 6 successful companies mostly focused on real estate and real estate development. He's been active in the DC real estate market since moving to the area in 2001 and has been involved in construction, remodeling, development, and sales. Connect with Dr. Sunil Website: https://thesunilsaxena.com/Instagram: www.instagram.com/thesunilsaxenaTik Tok: www.tiktok.com/@thesunilsaxena Chris Miles, the "Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results. Connect With Chris: http://moneyripples.com/

    How to Create Life-Changing Results | 529

    Play Episode Listen Later Aug 11, 2021 18:00

    What does ''wealth'' mean? Does money make people more abundant? An abundance mindset is the X factor that will create faster and impactful results. Dial in and learn the principles of true prosperity. Key takeaways to listen for Scarcity vs. Abundance thinkingThe key to reaching true prosperityExample of an abundance mindsetHow you should think of money Chris Miles, the "Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results. Connect With Chris: http://moneyripples.com/https://www.facebook.com/moneyrippleshttps://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA

    Franchising As An Asset Class with Jon Ostenson | 528

    Play Episode Listen Later Aug 6, 2021 19:00

    Would you consider franchising as an option? Is franchising more convenient than starting your own business? Franchising is not for everyone, but it can be a great path to business ownership for many people. Dial in and learn what a franchise deal looks like and its potential returns. Key takeaways to listen for Advantages of franchise businessesWhy you should add a franchise to your portfolioTrending industriesFunding options About Jon Ostenson Jon is a consultant, investor, author, and international speaker specializing in the area of non-food franchising. Jon serves as CEO of FranBridge Consulting where he helps clients understand all aspects of franchising in the process of introducing them to opportunities from the over 300 high-growth brands that he represents.  Connect with Jon E-mail: jon@franbridgeconsulting.comLinkedIn: www.linkedin.com/in/jonostensonWebsite: www.franbridgeconsulting.com Chris Miles, the "Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results. Connect With Chris: http://moneyripples.com/https://www.facebook.com/moneyrippleshttps://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA

    Should You Use a Self-Directed IRA? | 527

    Play Episode Listen Later Aug 4, 2021 17:00

    Are all investments useful for this strategy? When can you access this money? Everyone's situation is different, and there's no such thing as a one-size-fits-all strategy. Dive into this episode and learn the pros and cons of self-directed IRA and whether you should consider it or not. Key takeaways to listen for How self-directed IRA works and its rulesThe best types of investment to use with IRAStrategies to minimize taxes Chris Miles, the "Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results. Connect With Chris: http://moneyripples.com/https://www.facebook.com/moneyrippleshttps://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA

    Best Ways to Finance a Business with Andy Cagnetta | 526

    Play Episode Listen Later Jul 30, 2021 20:00

    Is it a good time to buy or sell your business? What does a business deal look like? SBA loans have incredible benefits, but not many people can qualify for one. Listen in as Andy Cagnetta shares the best alternatives to get financing on your business. Key takeaways to listen for The current state of the business worldSBA loan benefitsBest way to get financedHow to attract private lenders About Andy Cagnetta Andy is the CEO of Transworld, a company that assists business sellers to locate and vet potential buyers, and facilitates buyers in the process of evaluating potential businesses and franchises on sale. Connect with Andy Website: www.tworld.comPodcast: www.thedealboardpodcast.com Chris Miles, the "Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results. Connect With Chris: http://moneyripples.com/https://www.facebook.com/moneyrippleshttps://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA

    How Infinite Banking Works with Real Estate Investing | 525

    Play Episode Listen Later Jul 28, 2021 20:00

    Do banks use this strategy? Are you actually avoiding interest when you pay cash? In this episode, Chris dives deeper into Infinite Banking and explains how to leverage your whole life insurance to become your own bank. If you're a real estate investor or a business owner, tune in and find out how to get your money to pay you twice. Key takeaways to listen for Compound interest vs. Simple interestHow much you can earn if you don't pay  off your mortgage fasterMax ROI Infinite Banking: how it works and its benefitsWhy this strategy is great for real estate investors Chris Miles, the "Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results. Connect With Chris: http://moneyripples.com/https://www.facebook.com/moneyrippleshttps://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA

    Claim The Chris Miles Money Show

    In order to claim this podcast we'll send an email to with a verification link. Simply click the link and you will be able to edit tags, request a refresh, and other features to take control of your podcast page!

    Claim Cancel