Smart Money with Chris Miles Episode #136

GUEST BIO Chris Miles, the “Cash Flow Expert,” is a leading authority on how to quickly create cash flow and lasting wealth for thousands of his clients, entrepreneurs, and others internationally! He has been featured in US News, CNN Money, Bankrate.com, and has a high reputation for getting his clients life-altering financial results in his company, Money Ripples. After working as a traditional financial advisor and stock coach for several years, Chris came to a stark realization that the financial advising industry was not showing anyone how to quickly and safely become financially prosperous today. After leaving that industry, Chris was able to retire when he was 28, and has since worked to teach his effective, unique strategies, for companies like Freedom Fast Track and Garrett Gunderson, and now Money Ripples, while exposing the popular myths around money that have kept so many from enjoying financial freedom and peace of mind. HIGHLIGHTS OF THE EPISODE 02:33 – Dropping the Financial Advisor career 08:37 – Discovering an incredible business opportunity 14:21 – Passive Income vs. Residual Income 19:07 – Money leaks 26:21 – Another cause of money leak: Not tracking your money KEEPING IT REAL 34:19 – Thoughts on Infinite Banking 41:56 – What most entrepreneurs could be missing out on 48:47 – Seizing opportunities 54:17 – What advice would you give your 30-year-old self? NOTABLE QUOTES (KEY LESSONS): “If you just look at your income and expenses, your assets and liabilities, but you look at them with fresh new eyes, ‘What’s here? What’s not productive here? What can I do with these?’ ‘Cause net worth is worthless unless it’s put to use, to great cashflow.” “Spenders love to focus on the income and ignore expenses. Savers ignore income but focus on expenses. A wise steward is right in the middle.”  “Sometimes, less can be more, right? And so, even though all wisdom and advice would say “Yes, you should do this, makes mathematical sense,” still, when your intuition tells you something, listen to it.” CONNECTING WITH THE GUEST The Chris Miles Money Show Chris’ FREE E-book: Beyond Rice & Beans Website LinkedIn Instagram Facebook Youtube Twitter