How to Create Money Ripples with Real Estate with Chris Miles
For many, the conventional advice of investing in 401(k)s and IRAs may not be sufficient for a comfortable retirement. Real estate offers an alternative route to achieving your financial goals, and it's the focal point of this episode of Zen and the Art of Real Estate Investing. Jonathan welcomes Chris Miles, a self-proclaimed anti-financial advisor, to the show. Chris, a cash flow expert and the founder of Money Ripples, is on a mission to guide you in generating positive financial outcomes through real estate investments.
Chris Miles' journey is a poignant reminder of why mainstream financial advice may not always hold the answers to financial success. In this episode, Chris discusses his realization and why real estate's tangibility is a valuable commodity in building wealth. He shares his own experiences, including his first real estate investment, which taught him how this asset class can be a path to achieving your goals. Chris shares his perspective on passive income, how he helps clients optimize cash flow, and why he feels liberation after transitioning from being a licensed financial advisor. With his background, Chris Miles is uniquely qualified to advocate for real estate as an investment alternative that can deliver remarkable results.
Additionally, Jonathan and Chris discuss:
Chris follows the Rich Dad Poor Dad philosophy around cash flow. Income minus expenses equals profit or positive cash flow. If you want to increase it, you can either increase your income or reduce expenses. Ultimately, he wants to help his clients use their assets to produce more income through real estate.
As a licensed financial advisor, Chris felt like a salesman in a suit. His licenses only gave him the ability to sell--not financial expertise. Without the licenses hindering him, he can now educate clients on investments outside of the traditional methods financial advisors typically use.
Invest in real estate that matches what you’re excited about and want to continue learning about. If raw land is something that excites you, invest in raw land.
Chris Miles’s practical investing advice can help take your investing approach beyond boring and into fantastic.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out http://www.trustgreene.com/podcast/zen/078.