084: Cash Flow: Key to Financial Freedom and Peace of Mind

Jul 30, 2019

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Wouldn’t it be wonderful to retire early? The good news is that it doesn’t take millions of dollars, but it does require consistent cash flow to replace your income. The bad news is, your financial advisor probably didn’t tell you about that possibility.

Today’s guest is Chris Miles, a.k.a. the Cash Flow Expert and Anti-financial Advisor. Chris helps people find alternatives to achieve financial prosperity by spending time and investing money in what they enjoy - whether it’s real estate, or not.

Topics on Today’s Episode:

Financial Advisors: Salespeople who sell, but don’t typically tell the truth
Conventional crap that Chris learned and taught: Save everything. Spend nothing. Debt is evil. Invest in mutual funds. Eventually, you may be able to retire.
Despite bad advice and no control over clients’ money, Chris finds different ways to create cash flow
Acceleration vs. Accumulation: Focus on cash flow and income stream, not stashing cash in retirement accounts
Income Tax Loss: The more you make, the more they take.
Tax-free Income: Strategies to write-off positive cash flow
Nowhere to Run, No Place to Hide: Diversification doesn’t work in Stock Market
Access to Liquid Assets: Live within your means, earn more than you consume
Corey’s Advice: More debt equals more money
Alternatives: Invest in what interests you, and double dip your investment returns

Links and Resources Mentioned:

Quotes:

“Save everything. Spend nothing. Invest everything in mutual funds, and let it sit there for 5-million years...eventually, you might be able to retire.” Chris Miles

“I gave bad advice. I gave the mainstream, traditional, conventional stuff you hear. It’s really hard to feel good about that kind of advice.” Chris Miles

“You can’t have real financial freedom without some measure of control.” Chris Miles

“We’re trying to grow wealth and make money. The more debt I get into, the richer I become.” Corey Peterson

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