Are you tired of feeling trapped in the rat race, following conventional financial advice that never seems to lead to true freedom? You’re not alone, and this episode is here to offer a fresh perspective.
This week I sit down with Chris Miles, a financial expert who has navigated the complexities of wealth creation. Chris shares his journey from being a traditional financial advisor to discovering the power of real estate and passive income. He reveals how breaking away from conventional wisdom and embracing a mindset of stewardship and financial education can lead to true financial freedom.
In this episode, we explore the myths surrounding traditional finance advice and discuss alternative strategies for building wealth. Chris offers insights into leveraging tools like real estate and whole life insurance to create lasting wealth. We also touch on the pitfalls of mainstream financial advice and the importance of taking control of your financial future.
If you’re ready to challenge the status quo and learn how to make your money work for you, this conversation is a must-listen. Click play to discover a roadmap to financial success and start your journey towards a wealthy, wellthy life.
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If want even more information and personal instruction on how to turn your hard work into financial security and freedom, register for my FREE Wealth Mastery: Your Path to Financial Security 5-Day Challenge using the link below.
Top 5 Takeaways From This Conversation:
- We talk about how breaking away from conventional financial wisdom and embracing a mindset of stewardship can lead to true financial freedom!
- We talk about the importance of leveraging real estate and whole life insurance as tools for building lasting wealth and financial independence!
- We talk about the myth of high-risk investments and how true wealth is built through consistent, low-risk strategies that prioritize stewardship and control!
- We talk about the reality that most financial advisors are not financially free themselves, highlighting the need for alternative wealth-building strategies!
- We talk about the misconception of passive income and how true passive income requires leveraging others’ efforts, not just working harder!
Here Are Five of My Favorite Quotes:
- “Money is just a magnifier of the soul. It only makes you more of who you already are. If you’re worried about corrupting your kids, they’re already corrupted, and that’s your fault.”
- “The best thing you can do is have an abundance mindset with money. It’s not just about buying your time back; it’s about magnifying your mission on this planet.”
- “You can’t save your way to wealth, and you really can’t save your way to freedom. It’s almost impossible without income from investments.”
- “Passive income is money that comes in when you don’t have to work hard for it or even work at all. Your money has to work for you, so you don’t have to work for it.”
- “We want more money in the hands of good people, not bad people. Good people who want to help more and make this planet a better place.”
Time Stamps:
- [0:00] Intro
- [1:29] Chris Miles Introduction
- [3:10] Chris’s Financial Journey
- [7:16] Real Estate vs. Traditional Finance
- [10:02] The Rat Race and Financial Freedom
- [13:50] Banking and Financial Institutions
- [18:12] Critique of Dave Ramsey
- [27:37] Passive Income Misconceptions
- [38:27] Real Estate and Whole Life Insurance
- [45:54] Wealth Building Principles
- [56:39] Future Financial Myths
- [1:01:06] Money Mindset
MYTH BUSTER: “True financial freedom requires breaking away from the traditional financial advice”
Chris Miles, a former financial advisor, discovered that conventional financial wisdom often traps individuals in a cycle of scarcity rather than leading them to true financial independence. Despite following the standard advice of saving diligently in 401ks and living frugally, Chris’s father faced the harsh reality of potentially outliving his savings. This revelation prompted Chris to question the effectiveness of mainstream financial strategies. He realized that financial institutions promote these methods to serve their interests, not the individual’s. Chris’s journey led him to embrace alternative wealth-building strategies, such as real estate and whole life insurance, which offer more control and potential for passive income. His key insight? True financial freedom requires breaking away from the traditional mold and adopting a mindset of stewardship and proactive financial education.
Next Steps :
If you’re looking for more ways to elevate your life and business, join me for my FREE annual Goal Setting & Business Planning Workshop, a half-day, hands-on session where you’ll learn the exact system I use to design a life and business that truly align. This is not just a learning experience—it’s a doing workshop, where you’ll leave with a clear plan and actionable steps for a business that produces profits that fully support the life you want.
Register HERE: https://fullcast.co/ww-gsw
