The Investor Mindset - Real Estate Show

E249: How To Control Your Financial Future - Chris Miles

Episode Summary

Chris Miles teaches entrepreneurs and professionals how to get their money working for them.  Join Steven and Chris as they discuss the ineffectiveness of mainstream investing, building the financial team to help you succeed, and understanding tax benefits in order to achieve the financial freedom you have been looking for. Remember that people are not becoming financially free doing the norm. You've got to do something different if you want to create that new path.

Episode Notes

Chris Miles teaches entrepreneurs and professionals how to get their money working for them.  Join Steven and Chris as they discuss the ineffectiveness of mainstream investing, building the financial team to help you succeed, and understanding tax benefits in order to achieve the financial freedom you have been looking for. Remember that people are not becoming financially free doing the norm. You've got to do something different if you want to create that new path. 

Key Takeaways

  1. Understand the return profile you're experiencing and how you could better allocate it so it could create a better return
  2. Lenders don't get the tax benefits owners do when you participate in equity versus debt The Equity Partners get more tax advantages
  3. Read the right corporate structures to protect you because you’re not just making money, you want to protect what you keep and then make money on top of it
  4. If you want to be financially independent, reject all the mainstream investing practices. That has been proven not to work. 

 

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network.  Learn more at www.vonfinch.com/invest

 

About our Guest:

"As founder of Money Ripples, host of The Chris Miles Money Show, and co-author of the book Entrepreneur on Fire, Chris Miles is a leading authority on quickly creating wealth by increasing monthly cash flow and creating passive income. He has shown hundreds of thousands internationally how to free up or generate tens of thousands of dollars each year! Chris has been featured in US News, CNN Money, and Bankrate.com and has a reputation for getting his clients fast, proven results. Many of his clients have the option to retire in less than 5-10 years, and Chris himself was able to retire twice by age 39! Chris’s passion is helping entrepreneurs, and high-income employees become financially prosperous by finding and fixing their money leaks and creating passive income. 

Chris and his family live in Utah, but enjoy escaping to warmer weather during the winter months. In addition to helping his clients increase their cash flow, Chris is a talented ballroom dancer, choreographed ballroom dance routines for Utah Valley University, and got 5th place in his third grade spelling bee."