Chris Miles is the 'Cash Flow Expert' and a leading authority on how to quickly create cash flow and lasting wealth. He is the perfect guest to have on today's show as we are getting ready to experience a market crash. Chris shares his thoughts on how to create multiple income streams, how to get cash reserves quickly, and why he doesn't believe in the stock market! Stay towards the end as Chris answers some Facebook Live questions! Key Takeaways: Chris considers himself the anti-financial advisor. When 2008 hit, Chris went from being a millionaire to being an upside-down millionaire. Are we going into a recession? Business owners will survive if they've got cash reverses and the ability to pivot. What can business owners do to better prepare themselves right now? How much value are you adding to the marketplace? That's the key here. What kind of business do you want? Learn to ask yourself better questions and you'll get better answers. Chris is seeing the writing on the wall. Get your money out of the lines of credit. Should people sell their homes right now? You're going to see the market drop in the next two to three years, minimum. Cash is key and there will be a lot of opportunities on sale! This is a great time to have cash for you to go invest. Don't gamble on the stock market. The future is being able to leverage private capital. The Fed has told the banks that they have their back. No one actually has reserves on hand! Chris explains the difference between active and passive income streams and why it's important to have both. Create win-win-win partnerships. In a recession, this is needed more than ever. Q&A on Facebook Live! The biggest name in the game is patience. What would be the first passive or residual income stream Chris would start? Be proactive in connecting with others. Don't get influenced on social media. Be a creator, not a consumer. There is always hope; there is always an opportunity! Mentioned in This Episode: Do you see the value in a High-Level Mastermind Community of Successful Entrepreneurs? Do you believe the right Coaching can help get you to where you want to go? Learn more about ASCEND, and let's have a conversation to see how we can help you ascend your LIFE & BUSINESS! Let's Connect on Instagram: @alexpardo25 (and other Social Media platforms --- see links below) Connect with Chris: Moneyripples.com & Money Podcast Show Resources The Pumpkin Plan: A Simple Strategy To Grow A Remarkable Business In Any Field, by Mike Michalowicz "How To Get Into The 'Zone Of Genius' And Unlock Your Highest Potential" LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts: http://www.flipempire.com/podcast SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW: https://www.youtube.com/alexpardo How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today: https://www.AscendYourSuccess.com/ Access to Online Course: 5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less): http://www.flipempire.com WHO IS ALEX PARDO? https://flipempire.com/about/ FOLLOW ME ON: INSTAGRAM: http://instagram.com/alexpardo25 FACEBOOK: https://www.facebook.com/alexpardo15 LINKEDIN: https://www.linkedin.com/in/alex-pardoYOUTUBE: https://www.youtube.com/alexpardo Tweetables: "As a business owner, the ones that will survive have two things in common, they know how to pivot and they have cash reserves." "'Stocks are at an all-time low; it's on sale.' You've got to be kidding me! It's not true. This could be the optimum time to get that money out." "I don't have to solve all the world's problems, but I can be a great connector and create a win-win-win scenario. Win for the customer I'm referring, win for the business, and win for me." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Head over to FlipEmpire.com and get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!