Join Vince with his guest Chris Miles as they talk about why you should go against what financial advisors teach, from an experienced former financial advisor himself. In a time where retirement seems dangerous to many people today, Chris shares the story of how quitting his career as a financial advisor allowed him to attain financial independence twice. Today, Chris talks more knowledge about why banking on appreciation is a big gamble, the flywheel concept from the book Good to Great, what doesn't make you a conservative investor, how you can make your investment pay you twice, and the loopholes of financial advising that made him choose to exit. There's a lot to unpack, so stay tuned and enjoy the episode!
Outline of the episode:
● [01:45] Chris Miles – on going against everything he learned as a financial advisor
● [04:15] From teaching people how to get out of the rat race to teaching resourcefulness
● [09:08] The Financial Advisor's Mindset
● [14:26] But that's not value add…
● [18:02] The most expensive rip-off insurance policy I could've ever bought
● [23:03] They'll tell you that you're paying yourself
● [28:04] What is the Flywheel Concept?
● [33:46] Appreciation is the gravy on top!
● [38:11] Turn your mind away from what everybody's saying
● [42:23] I'm a teacher!
Resources:
● Money Ripples | Create Freedom & Prosperity Today
● Good to Great: Why Some Companies Make the Leap, and Others Don't
● Who Took My Money?: Why Slow Investors Lose and Fast Money Wins!
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The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com