293: Chris Miles on How Cash Flow is the Spark to Better FIRE
Whether you're starting a cozy campfire or striving for a fulfilling FIRE (Financial Independence, Retire Early) retirement, you just need a little spark. And today's guest is here to tell you that if you really want to retire early, the spark you're looking for is cash flow and not a million-dollar portfolio invested in the stock market.
Allow me to introduce you to the 'Cash Flow Expert,' Chris Miles, to explain how it's done. Chris is the founder of Money Ripples and an Anti-Financial Advisor. He's the host of The Chris Miles Money Show and has been featured on US News, CNN Money, and Entrepreneurs on Fire, just to name a few.
Using his proven strategies, he's been able to retire twice before turning 45. Why? Because he understands cash-flowing assets and gets results. And he's helped his clients increase their cash flow by as much as $300 million in the last 12 years!
In this episode, Chris and I are digging deep into how to put your money to work for you. You'll learn how he extracts maximum value out of every dollar, the key moves you can start making right now toward retiring early, and the critical mistakes that lead millionaires into poverty in retirement. You'll also hear a fantastic analogy of how 250k in real estate compares to a million dollars in the stock market that I know you'll love. Enjoy!
Key Takeaways with Chris Miles
- Why Chris is anti-stock market and anti-mutual fund–and how following Dave Ramsey’s advice to the letter left his father with no real retirement fund.
- What Chris did to retire at 28–and what happened when he lost his McMansion and Mercedes at the height of the Great Recession.
- How to get out of the rat race, eliminate your debts, and free up your cash flow at any age.
- The difference between spending a million dollars–or $250,000–to earn $50,000.
- What it truly means to achieve financial independence.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/293
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