Why Every Entrepreneur NEEDS Passive Income NOW with Chris Miles
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 28 October 2024
⏱️ 22 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 Money Ripples Podcast.
Top 3 Value Bombs
1. Don't put your money in retirement plans because they don't work. Its all about how much income is coming in to pay for your lifestyle. Its important to make sure you just don't have your business to build up but also you have other streams of income coming in so you can work because you want to and not because you have to.
2. Focus on things that bring more on the business. Find those profit centers that create the most revenue, best clients and least expenses.
3. Don't re-invest in your business. Re-investing in your business means you are not profitable and you will constantly spend more money and will be trapped. You have to take your profit home by buying real investments like real estate that create passive income.
Create Freedom and Prosperity Today - Money Ripples Website
Sponsors
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Transcript
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| 0:00.0 | Who's ready to rock today Fire Nation? |
| 0:04.0 | JLD here and welcome to entrepreneurs on fire brought to you by the HubSpot |
| 0:08.0 | Podcast Network, the audio destination for business professionals with great shows like |
| 0:12.4 | created with John |
| 0:14.0 | Yushai. Today we'll be breaking down why every entrepreneur needs passive |
| 0:18.3 | income now. To drop these value bonds I brought Chris Miles into Eophire Studios. |
| 0:24.0 | Chris is the anti-financial advisor and teaches entrepreneurs and professionals how to get their money working for them today. |
| 0:29.8 | He's an author and podcast host of The Money Ripples Podcast. In today information we will |
| 0:34.8 | talk about where most entrepreneurs lose money, the most common mistakes they |
| 0:38.8 | have, why you need passive income, how to get passive income, and |
| 0:43.0 | oh so much more. |
| 0:44.4 | And the big thing for sponsoring today's episode |
| 0:46.2 | goes to Chris and our sponsors. |
| 0:49.4 | The next wave, your chief AI officer, |
| 0:51.7 | hosted by Matt Wolf and Nathan Lands, is brought to you by the HubSpot Podcast Network the audio destination for business professionals |
| 0:58.1 | Matt Nathan are leading AI creators in your guiding light in the AI and technology frontier. |
| 1:03.0 | AI technology is transforming the way we do business |
| 1:06.0 | and the media landscape is fragmented. |
| 1:08.0 | The next wave strives to be the leading podcast on AI technology |
| 1:11.0 | and how you can apply it to growing your business. |
| 1:14.4 | Listen to the next wave wherever you get your podcast. |
| 1:18.0 | Chris say what's up to Fire Nation and share something that you believe about becoming successful |
... |
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