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Everyone's Talkin' Money

Passive Income | Cash Flow | Investing in Real Estate with Chris Miles

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 28 August 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

In this special vault episode, Chris Miles, a cash flow expert and non-financial advisor, talks about the exciting world of passive income and how it can totally change your life for the better! Chris spills all his secrets on how to create multiple streams of passive income on any budget, and he totally busts the myth that you have to work hard to earn money. He's not a fan of boring old financial advice like paying off your house or investing in a 401k, and instead suggests way more exciting strategies like building up an emergency fund and investing in turnkey real estate companies. Plus, he's all about education and passing on wealth to future generations. LINKS Money Ripples - https://moneyripples.com/ How To Connect with Shannah: Join the Everyone’s Talkin’ Money Newsletter, where you get insider tips, exclusive content, and takeaways from each episode https://tinyurl.com/etmnewsletter  Ask Shannah a question on Instagram https://www.instagram.com/shannahgame/ or TikTok https://www.tiktok.com/@shannahgame  Submit a money question for Shannah to answer in an upcoming episode https://tinyurl.com/askshannahq  Leave a 5-star Review here https://ratethispodcast.com/etm  Be a Featured Guest on an episode https://everyonestalkinmoney.com/contact/ Key topics: passive income, personal finance, money tips, budget, paying off debt, building wealth, goal setting, generational wealth, financial planning Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Rated T for Teen.

0:01.7

Each year, thousands of adults lose their shred.

0:05.1

It's an epidemic simply known as shred loss, but it doesn't have to be this way.

0:09.2

Because rekindling your shred is as easy as playing the new Tony Hawk's Pro Skater 3 and 4.

0:13.8

With new parks, cross-platform multiplayer, and sick new game modes,

0:18.9

we can put an end to shred loss everywhere.

0:22.3

It's the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.

0:26.4

Pre-order Tony Hawk's Pro Skater 3 and 4 and play the Foundry demo.

0:42.7

Well, first of all, stop putting your money in prison. That's the first step you need to take.

0:47.3

Stop locking your money away in a 401k at a company employer where you can't access it.

0:51.0

Now, if you have your own Roth IRA or IRA, maybe you can do some things with that, but it won't create passive income now unless you're at least 59. half years old. So don't put your money in prison. Don't lock it up in equity by trying

0:58.2

to pay off your house aggressively because it gets locked up. You can't get it out unless you ask

1:01.8

the bank for permission. And right now with interest rates, do you really want to be asking for

1:05.0

that kind of permission? So stop that. Stop putting extra money into prison where it gets locked up.

1:13.3

Welcome to everyone's talking money podcast.

1:16.4

I'm your host, Shawna Game.

1:18.9

There's no judgment, no dumb questions, just smart conversations about you and your money.

1:24.7

So come on in and grab a seat.

1:27.0

Everyone is welcome here.

1:34.2

Did you know that passive income is one of the best ways to build wealth? It sounds pretty good,

1:40.3

but passive income also has some flaws. The problem is when most people talk about passive income,

1:47.1

it isn't actually passive income, like if you bought a business where you actually have to work

...

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