Are you a business owner trapped in a high-income rat race, yearning for true financial freedom and a life of purpose?
In this episode of the Money Ripples podcast, Chris Miles welcomes Krisstina Wise, host of the Wealthy Wellthy podcast and expert in helping business owners transform their profits into passive income. Krisstina shares her journey from poverty to financial success, and the hard-learned lessons that shaped her holistic approach to wealth.
Krisstina reveals how she achieved financial independence through real estate investing, emphasizing the importance of building assets that generate passive income. She explains why passive income isn’t truly “passive,” but rather a form of non-working income that requires smart stewardship.
The conversation delves into the critical balance between financial success and overall well-being. Krisstina recounts her personal health crisis, highlighting the dangers of hustle culture and the need to prioritize physical, mental, and emotional health alongside financial goals.
Ready to break free from the entrepreneurial rat race and create lasting wealth that supports a truly rich life? Listen now to gain invaluable insights from Krisstina Wise on achieving financial freedom while maintaining balance and well-being.
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Top 5 Takeaways From This Conversation:
- How Krisstina’s journey from poverty to wealth revealed money alone doesn’t solve life’s problems!
- Why passive income from assets is the key to breaking free from the entrepreneurial rat race!
- The shocking health crisis that taught Krisstina her body is her most valuable financial asset!
- How comparing ourselves to others keeps us trapped in an unfulfilling financial hamster wheel!
- Why teaching your kids about money can create a powerful ripple effect for generations to come!
Here Are My Favorite Quotes:
- “Passive income comes from assets. We have to have this journey of building assets and creating net worth through asset accumulation to have any chance of passive income.”
- “I manage all my real estate, but I’ve got it down to a science now. It’s passive relative to my working income because I make 3x the money from my passive income than I do from my working income, yet it takes one-tenth of the time.”
- “In financial terms, my body’s my number one asset. I treated my body terribly – I didn’t sleep, I ate poorly. It came at a great cost.”
Time Stamps:
- [3:14] Growing up poor and motivation for money
- [5:18] Divorce and financial struggles as a single mom
- [7:20] Awakening to the real money game
- [8:43] Transition from selling to buying real estate
- [11:20] Working income vs non-working income
- [14:35] Health crisis from overworking and hustle culture
- [19:10] Health as the number one financial asset
MYTH BUSTED: “More money solves all your problems.”
Krisstina Wise’s journey shatters the common belief that simply making more money will solve all of life’s challenges. Despite climbing from trailer park poverty to earning hundreds of thousands annually in real estate, Krisstina found herself replicating the same money fights and dysfunction she witnessed as a child. Post-divorce, she hit rock bottom—broke, in debt, and relying on handouts despite her previous success.
The breakthrough came when Krisstina realized that high income alone doesn’t equate to wealth or happiness. True financial freedom required a paradigm shift: understanding passive income, building assets, and aligning money with personal values and well-being.
As Krisstina shares, “I thought everything about life was just to hustle hard, work hard and make a lot of money. And that was the name of the money game.” The key insight? Creating lasting wealth and a fulfilling life isn’t about chasing higher income—it’s about mastering financial principles, building passive income streams, and balancing financial success with overall wellness.
Resources Mentioned
Money Ripples – https://moneyripples.com/
