Creating Cashflow Through Different Avenues with Chris Larsen | The Better Than Rich Show Ep. 49

Nov 28, 2022

47:20

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What if there was a way to regain your freedom and accumulate wealth, all without hustling your way to burnout?

Chris Larsen is the founder and principal of Next Level income. He bought his first single-family rental at age 21 and has so far been actively involved in over $1 billion real estate acquisitions. In addition to real estate, Chris owns multiple car wash locations across the southeast. Since retiring after 18 years in the medical device industry, he dedicates his time to helping others become financially independent through education and investment opportunities.

In today’s episode, Chris shares practical strategies you can implement today to start creating a foundation of wealth for your future. He also dives deep into leveraging your whole life insurance policy to create cash deals and enjoy true freedom from passive income.

Topics Covered

00:00 Introduction

02:28 How Chris got into the real estate business

05:37 Passive income is the fastest path to true freedom

07:09 Understand that Lucrative deals are everywhere

10:25 Ways to get started in real estate investing

15:31 How to invest in real estate with little or no money

17:05 Become your own bank with whole life insurance

19:07 Is whole life insurance worth it?

22:40 When to put money in a qualified plan

24:07 Life insurance is a tool, not an investment

30:13 Why whole life insurance gets a bad rep