Financial Freedom: From Working At The Bank To Becoming The Bank with Todd Miller Episode #156

GUEST SUMMARY This week in the lab we have Todd Miller that graduated with a degree in Finance with honors, living the quote-on-quote dream of his parents working at a Global Fortune 500 Company.  Six months later, Later on, he found himself left out at the bottom, jobless and without a source of income due to the great recession.    At rock bottom, Todd went down the path of personal finance and was driven not to rely on a company that has gone through this traumatic experience. He then turned to mortgage banking and started to learn a lot looking at thousands of people’s financial situations. From people who made 100K+ months to those who made less, He saw a correlation of the wealthy and quickly learned that building wealth had little to do with how much money they made but rather how much money they kept. He then saw a common denominator with the wealthy and that was real estate.   This episode will help you see in the lens of Todd looking at thousands of wealthy individuals' wealth strategies with the use of real estate. Once he learned from the bank, he then became the bank (hard money lender) and continues to implement models that have helped him become financially free by 35. From having self-discipline by living below your means to cutting out expenses and doing self-audit into being a conservative investor by leveraging and investing in more assets. If you’d like to expedite your road to financial freedom, you don't want to miss this episode. HIGHLIGHTS OF THE EPISODE: 03:34 - Background of the guest 11:13 - Living below your means 14:19 - Cutting out expenses that don’t matter 17:09 - Coffee analogy 18:01 - How to do self-audit 22:15 - What is Financial Freedom KEEPING IT REAL: 25:40 - Being a conservative investor 28:48 - Infinite Banking 33:30 - Why people make a lot of deal portfolios 37:34 - Note Funds 40:51 - Exit strategy - Note 42:28 - Making profit from the $10,000 Note 48:18 - Why you should have invest in Bitcoin 50:35 - Why you should be investing in Airbnb properties 54:23 - Business models that help money coaching 57:30 - Working with VAs 1:00:44 - Financial discipline 1:02:35 - Deciding the next step for you NOTABLE QUOTES (KEY LESSONS): 11:40 "The more willing you are to cut down expenses then the quicker you can amass money, the quicker you were able to buy additional assets and the sooner you become free" 1:00:51 - "Set yourself up for SUCCESS" CONNECTING WITH THE GUEST Website: https://tightwadtodd.com/ LinkedIn: https://www.linkedin.com/in/tightwadtodd/ Instagram: https://www.instagram.com/tightwadtodd/ Twitter: https://twitter.com/TightwadTodd Facebook: https://web.facebook.com/TightwadTodd/