Why Entrepreneurs NEED Multiple Streams of Passive Income with Chris Miles
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 18 May 2021
⏱️ 24 minutes
🧾️ Download transcript
Summary
Chris Miles, the Anti-Financial Advisor, teaches entrepreneurs and professionals how to get their money working for them TODAY! He's an author, and podcast host of The Chris Miles Money Show.
Top 3 Value Bombs:
1. Don't get caught to an entrepreneur trap where you really don't have a job. You might make millions of dollars in that business, but when that shutdown and you're in trouble, then that's something to be aware of. You must have multiple streams of income.
2. The 2 streams of income are residual income which you get through your business. The other is passive income which comes from outside your business like investments.
3. We've been trained that we have to have financial advisor telling us what we have to do. The truth is, you're an entrepreneur. You're your own boss. You should be the boss of your own money because nobody should care about your money more than you.
Check out to Chris' Podcast - Money Ripples Podcast
Sponsors:
HubSpot: Listen, learn, and grow with the HubSpot Podcast Network at HubSpot.com/podcastnetwork!
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Transcript
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| 0:00.0 | Boom! Shake the room, Fire Nation! JLD here and welcome to Entrepreneurs on Fire brought |
| 0:08.6 | to you by the HubSpot Podcast Network with great shows like My First Million. Stories |
| 0:14.7 | about companies that grew from nothing into legit businesses. Today we'll be focusing |
| 0:19.8 | on why entrepreneurs need multiple streams of passive income. To drop these value bombs, |
| 0:26.0 | I've brought Chris Miles on the mic. He's the anti-financial advisor and teaches |
| 0:31.6 | entrepreneurs and professionals how to get their money working for them today. He's an |
| 0:37.0 | author and also podcast host of the Chris Miles Money Show. Today, Fire Nation will be |
| 0:42.1 | sharing why you need to stop listening to traditional money advice from the media and |
| 0:47.4 | advisors. What you need to be financially free, two streams of income that we need to |
| 0:52.0 | free ourselves from our business and so much more when we get back from thinking our |
| 0:56.8 | sponsors. The HubSpot Podcast Network is the audio destination for business professionals |
| 1:02.2 | who seek the best education and inspiration on how to grow a business. Whether you're |
| 1:06.4 | looking for marketing, sales, service, or operational guidance, the HubSpot Podcast Network |
| 1:10.3 | hosts have your back. Listen, learn and grow with the HubSpot Podcast Network at hubspot.com |
| 1:16.4 | slash podcast network. Get your focus back, sleep better and block out the unhealthy effects |
| 1:21.9 | of blue lights with blue blocks, blue light blocking glasses, get 20% off by going to |
| 1:26.7 | blueblocks.com slash fire or enter code fire 20 at checkout. That's B-L-U-B-L-O-X.com slash |
| 1:35.0 | fire for 20% off or just use the code fire 20. |
| 1:38.9 | Chris, say what's up to Fire Nation and what's something you believe about becoming successful |
| 1:45.8 | that most people disagree with. Yeah, what up Fire Nation? Hey, the thing I disagree |
| 1:50.0 | with is you got to hustle your entire life to be successful, right? It's always about |
| 1:55.2 | work 180 hours a week and all that kind of stuff and get out there and grind. The thing |
... |
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