Why Entrepreneurs NEED Multiple Streams of Passive Income with Chris Miles: An EOFire Classic from 2021

From the archive: This episode was originally recorded and published in 2021. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

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.

Top3 Value Bombs

1. Don’t get caught in an entrepreneur trap where you really don’t have a job. You might make millions of dollars in your business, but when that shuts down and you’re in trouble, you'll be stuck. You must have multiple streams of income.

2. The 2 streams of income are residual income, which you get through your business, and passive income, which comes from outside your business - like investments.

3. We’ve been trained that we have to have a financial advisor telling us what 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 Chris' Podcast - The Chris Miles Money Show

Sponsors

HubSpot With the HubSpot for Startups program, you can save 30-90 percent on a platform that scales right along with you! To see if you’re eligible to join the HubSpot for Startups program and take your growth to the next level, visit HubSpot.com/startups

Airbnb Have you ever considered hosting on Airbnb. Your home might be worth more than you think… Find out how much at Airbnb.com/host