Episode 74: Chris Miles Money Ripples Anti Financial Guru
10/03/19 • 52 min
If you’ve never heard of an “infinite banking strategy”, today is your lucky today! Chris Miles is on the Profit Masters right now to help you figure out new ways to get some extra money coming in. These are strategies you may never have considered before because it really goes against all of the traditional things we’ve learned when it comes to banking, investing, and retirement funds. That’s why they call Chris the anti-financial advisor. He’s up here turning the industry on its head with some of the things he’s doing out here.
Since retiring in 2006 - yes, that’s right, I said RETIRED, he’s popped back onto the scene to teach people like us how to do what he’s doing to create these strong streams of passive income. There are ways to make key investments with your mutual fund and even your life insurance that can get you to true financial freedom. These are the kinds of investments that pay off, and Chris shares the different ways you can use to them to finally declare your own financial freedom.
I’m very excited about today’s episode because Chris is part of the Collective Genius Mastermind group I’m in. He and I have learned a lot from each other over the past year, and I really value the way he encourages us all to challenge the things we’ve been taught. Ignorance is expensive - you’ll hear us say that a lot on this episode, and it can really benefit you both financially and spiritually to get a fresh, new perspective on the way we’re doing things. Real estate investors, like all entrepreneurs, can get comfortable in the routine. But to keep that entrepreneurial fire burning, you’ve got to learn new perspectives and try new things. Part of what makes our businesses so great is the journey of learning we get to go on every day. So tune in right now and learn something new from Chris Miles!
MINUTE MARKERS
3:00 - Meet Chris Miles!
4:25 - Why did Chris quit being a financial advisor?
6:01 - What do Chris’ ideal clients look like?
7:35 - Who inspires Chris the most?
9:40 - The moment Chris realized real estate could make him financially free
15:05 - Part 1 - What happens when you start to question everything you think you know?
17:03 - Part 2 - It opens a door to a whole new world of opportunities!
19:15 - What investment strategies are working for Chris right now?
21:00 - What is “relationship capital”?
22:48 - The truth about mutual funds
24:34 - Chris’ strategy for investing with life insurance
31:14 - The biggest challenges Chris is facing in the market right now
33:48 - The biggest lesson Chris ever learned
35:09 - What would Chris change about his past if he could?
36:28 - Chris’ favorite motivational quote
38:14 - The highs and lows of being an entrepreneur
41:02 - Does Chris get 8 hours of sleep every night?
41:12 - What’s Chris’ morning routine?
42:17 - What is Chris most grateful for right now?
45:08 - Chris has mentors for everything, from fitness to real estate
46:36 - Hope is what gets Chris up every morning
48:13 - Send Chris a message [email protected]
When the student is ready, the teacher will appear. - Chris
There are so many different ways you can get paid. The cool thing is that it doesn't even require money to make money to do that stuff. It's all about the relationship capital, not just financial. - Chris RESOURCES
Money Ripples Podcast with Chris Miles
Chris Miles Money Show with Chris Miles
Rich Dad Poor Dad by Robert Kiyosaki
Who Took My Money by Robert Kiyosaki
Three Feet from Gold by Greg Reid and Sharon Lechter
Never Give Up by Donald Trump
Ask Cory A QuestionWant to get in touch with Cory and ask him your most burning Real Estate Investing question? We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.
Who Do You Want To Hear From?Name some folks I should get on the show! Hit me up:[email protected] and I’ll do my best to get them on.
Did You Get Your FREE Investing Guide?
TEXT the word PROFIT (38470) to immediately sent Your FREE Inves...
If you’ve never heard of an “infinite banking strategy”, today is your lucky today! Chris Miles is on the Profit Masters right now to help you figure out new ways to get some extra money coming in. These are strategies you may never have considered before because it really goes against all of the traditional things we’ve learned when it comes to banking, investing, and retirement funds. That’s why they call Chris the anti-financial advisor. He’s up here turning the industry on its head with some of the things he’s doing out here.
Since retiring in 2006 - yes, that’s right, I said RETIRED, he’s popped back onto the scene to teach people like us how to do what he’s doing to create these strong streams of passive income. There are ways to make key investments with your mutual fund and even your life insurance that can get you to true financial freedom. These are the kinds of investments that pay off, and Chris shares the different ways you can use to them to finally declare your own financial freedom.
I’m very excited about today’s episode because Chris is part of the Collective Genius Mastermind group I’m in. He and I have learned a lot from each other over the past year, and I really value the way he encourages us all to challenge the things we’ve been taught. Ignorance is expensive - you’ll hear us say that a lot on this episode, and it can really benefit you both financially and spiritually to get a fresh, new perspective on the way we’re doing things. Real estate investors, like all entrepreneurs, can get comfortable in the routine. But to keep that entrepreneurial fire burning, you’ve got to learn new perspectives and try new things. Part of what makes our businesses so great is the journey of learning we get to go on every day. So tune in right now and learn something new from Chris Miles!
MINUTE MARKERS
3:00 - Meet Chris Miles!
4:25 - Why did Chris quit being a financial advisor?
6:01 - What do Chris’ ideal clients look like?
7:35 - Who inspires Chris the most?
9:40 - The moment Chris realized real estate could make him financially free
15:05 - Part 1 - What happens when you start to question everything you think you know?
17:03 - Part 2 - It opens a door to a whole new world of opportunities!
19:15 - What investment strategies are working for Chris right now?
21:00 - What is “relationship capital”?
22:48 - The truth about mutual funds
24:34 - Chris’ strategy for investing with life insurance
31:14 - The biggest challenges Chris is facing in the market right now
33:48 - The biggest lesson Chris ever learned
35:09 - What would Chris change about his past if he could?
36:28 - Chris’ favorite motivational quote
38:14 - The highs and lows of being an entrepreneur
41:02 - Does Chris get 8 hours of sleep every night?
41:12 - What’s Chris’ morning routine?
42:17 - What is Chris most grateful for right now?
45:08 - Chris has mentors for everything, from fitness to real estate
46:36 - Hope is what gets Chris up every morning
48:13 - Send Chris a message [email protected]
When the student is ready, the teacher will appear. - Chris
There are so many different ways you can get paid. The cool thing is that it doesn't even require money to make money to do that stuff. It's all about the relationship capital, not just financial. - Chris RESOURCES
Money Ripples Podcast with Chris Miles
Chris Miles Money Show with Chris Miles
Rich Dad Poor Dad by Robert Kiyosaki
Who Took My Money by Robert Kiyosaki
Three Feet from Gold by Greg Reid and Sharon Lechter
Never Give Up by Donald Trump
Ask Cory A QuestionWant to get in touch with Cory and ask him your most burning Real Estate Investing question? We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.
Who Do You Want To Hear From?Name some folks I should get on the show! Hit me up:[email protected] and I’ll do my best to get them on.
Did You Get Your FREE Investing Guide?
TEXT the word PROFIT (38470) to immediately sent Your FREE Inves...
Previous Episode
Episode 73: Aaron Chapman Mortgage Loan Officer Extraordinaire
My guest today is LEGENDARY. He is crushing it right now in the mortgage industry. He closed over 700 deals last year! Aaron Chapman is one of the best mortgage loan officers, but don’t expect today’s podcast to be a stuffy banking episode. Aaron isn’t your ordinary mortgage broker - his beard is almost two feet long! But it’s not just his appearance that’s different, it’s his whole approach to real estate investing.
Aaron’s created a niche for himself that really sets him above the rest of the mortgage industry. From a real estate investing standpoint it’s really refreshing to see a mortgage broker who really understands us. He understands the mindset of a real estate investor and communicates this understanding to universities, banking firms, even his own clients. He’s creating a whole new community of understanding that’s bound to change the real estate landscape for years to come, and he’s sharing a bit of that experience with us today.
Aaron is working with investors looking to build their own real estate investment firms. He’s serious about his business and willing and able to work with investors who are just as serious about theirs. Tune in now and see why you should be working with Aaron ASAP!
MINUTE MARKERS
3:10 - Meet the legend: Aaron Chapman
4:45 - Aaron likes to keep our expectations low
6:12 - Aaron got his start as a telemarketer in 1999
8:50 - The aught real estate crash actually inspired Aaron
10:15 - What’s Aaron’s focus in real estate?
12:40 - Aaron starts breaking it down for real estate investors
13:16 - This break down includes a little simple math
16:43 - How can real estate investors pace inflation?
18:15 - Aaron’s got a new definition for Pro Forma
21:00 - The big opportunities that can come with a fixed-rate loan
22:34 - Aaron wants you to think about taxes for a minute
25:50 - Aaron uses his experience to help real estate investors avoid failure
27:30 - What makes Aaron so different from the other guys in suits?
28:51 - What’s the biggest challenge Aaron faced in real estate?
32:15 - Stop talking yourself out of a good idea
33:32 - The biggest lesson Aaron learned
35:35 - Aaron’s favorite motivational quote
36:53 - Aaron recommends his favorite books
38:24 - How is Aaron using mobile apps?
39:37 - Aaron actually gets 8 hours of sleep at night
40:00 - Aaron’s morning routine starts with prayer
46:04 - What is Aaron most grateful for?
46:34 - What gets Aaron out of bed every morning?
49:25 - Get in touch with Aaron at www.aaronbchapman.com
QUOTES
Real estate investors have been given the freedom to choose where to put their money, instead of those who choose to sit at home, watch TV, and spend it on personal crap who end up having to pay taxes. - Aaron
Experience to me is the most thorough instructor, but the most expensive and the highest risk...The problem is that failure has to happen. I don’t want that. Aaron
RESOURCES
Security National Mortgage Company
Joe Dispenza TED Talk in Tacoma
The Master Key System by Charles Haanel
Outwitting the Devil by Napoleon Hill
Wisdom of Success by Napoleon Hill
Breaking the Habit of Being Yourself by Joe Dispenza
Ask Cory A QuestionWant to get in touch with Cory and ask him your most burning Real Estate Investing question? We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.
Who Do You Want To Hear From?Name some folks I should get on the show! Hit me up:[email protected] and I’ll do my best to get them on.
Did You Get Your FREE Investing Guide?
TEXT the word PROFIT (38470) to immediately sent Your FREE Investing Quick Start Guide!
JOIN The Elite Real Estate Investor’s Board of Directors
Connect HerePlease check out our website,
Next Episode
Episode 75: David Dodge Ultimate Investing Tips and Strategies
Keep the best and sell the rest. That’s the motto of David Dodge, a killer wholesaler from St. Louis. He’s on the show today dropping some real nuggets for real estate investors of all kinds. David is on fire right now, doing wholesales, fix and flips, and he just published his first book. Tune in now to catch this guy while you can, because his real estate investments are really about to take off!
David then started renting properties out early on but quickly realized there’s a better way to do this business. That’s where the inspiration for David’s real estate investment strategy came from, and it’s really evolved over the past decade. You’ll want to pay attention to how David developed his profit master strategy. He’s professionally cherrypicking the wholesale properties that fit in with his goals and he’s spending the rest of his time honing in on what he calls the BRRR strategy.
This BRRR strategy David breaks down today is something banks love, too. We’re not talking about big banks here. In fact, David prefers to have his property loans with a few of his favorite banks rather than just one or two. He shares why other real estate investors should be jumping on this trend, and delves further into why he’s using private lender funds to invest in his wholesale properties.
Remember - none of David’s success happened overnight. He took the time to invest in his education through books and mentorships in order to get to the point he is today. David shares where this consistent motivation comes from, but I want you to remember that it starts right here. The challenge for you is to apply the golden nuggets you learn today to your own business and your own profit master strategy to see what works.
"If you’re in real estate long enough, you’re guaranteed to create some wealth. - David"
MINUTE MARKERS
2:44 - Here’s the man: David Dodge
3:25 - David’s got his new book sitting right next to him
5:05 - What’s David’s focus in real estate investing?
8:18 - Something changed five years ago that changed David’s path
11:10 - Did college influence David’s real estate strategy?
15:15 - What’s David’s business motto?
18:34 - David breaks down his profit master strategy
22:32 - Have you ever heard of the BRRRR Strategy?
27:00 - Why portfolio lending with smaller banks is better
32:13 - What books inspired David the most?
37:39 - David’s got a couple of motivational quotes
43:45 - David’s favorite mobile apps
44:20 - How important is a good dashboard?
48:05 - A few apps and sites that can help you develop a dashboard
49:42 - The greatest lesson David learned in wholesaling
51:17 - The only 2 things that matter about CRMs: Notes and Tasks
54:30 - What’s the “perfect seller appointment”?
56:33 - How to use Tasks the right way in the CRM
58:18 - David’s true definition of “wholesaling”
59:30 - Does David get 8 hours of sleep every night?
59:46 - What’s David’s morning routine?
1:01:46 - David lays out the whole team that’s rocking the St. Louis market right now
1:05:22 - Why (and how) is David using private lenders?
1:11:21 - What does the wholesale market look like in St. Louis?
1:13:37 - What is David most grateful for?
1:19:55 - How do the things and words you say affect your mood?
1:24:47 - How many coaches has David used in his career?
1:27:50 - Why David isn’t afraid of taxes anymore
1:29:18 - David is rocking radio advertising right now in St. Louis
1:35:30 - Where can you get your hands on David’s book: The Ultimate Guide to Wholesaling Real Estate?
1:36:49 - Connect with David on Facebook and Instagram
Wholesaling is so easy. Human beings make it difficult. - David
Links and ResourcesThe Ultimate Guide to Wholesaling Real Estate: Learn How to Buy Properties at a Discount
Discount Property Investor podcast
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/real-estate-investing-profits-master-series-with-cory-boatright-415678/episode-74-chris-miles-money-ripples-anti-financial-guru-57785818"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to episode 74: chris miles money ripples anti financial guru on goodpods" style="width: 225px" /> </a>
Copy