How Wealthy People Manage Their Money-with Chris Naugle-EP69

During today’s episode, host Jeff Pfitzer speaks with money expert Chris Naugle, co-founder and CEO of The Flip Out Academy, and founder of The Money School. Listen in as Chris introduces his strategy for paying yourself first, and why now is the perfect opportunity to get your finances together so you’re prepared for the future.  Episode Highlights:  Chris Naugle shares how his personal journey involved a professional snowboarding career, work as a financial advisor, and real estate investing before he became a money guru.  His journey really began when he found out he was over-leveraged and lacked the knowledge he needed. Chris shares more about his history with snowboarding. When Chris was a financial advisor, he was taught how to be a great salesman and how to manage money in a way that made the most money for the firms. He started investing his money that way. We are taught to give up control of our money.  Wealthy people know how to move money the way a bank does. Wealthy people change where their money goes first. Pay yourself first and put it in a place where it never stops working. Then pay everyone else. Chris teaches us about the principle of uninterrupted compound interest. The Rockefellers discovered that the strongest financial institution where they could put their money was large mutually-owned insurance companies. When you put money into these insurance companies' general accounts, you get the returns guaranteed by the insurance company at a rate of 4% as well as dividends. Chris shares how you can get your money into these general accounts. You can use a whole life plan as a gateway into the insurance company's general account returns. When you put your money into this vehicle, you immediately can take your money back out. Chris shares how you can learn more about this as a banking strategy. Chris shares the limits of these benefits. 3 Key Points:   We are taught to give up control of our money and can take back that control.    Pay yourself first and put it in a place where it never stops working. Then pay everyone else after.   We need to learn how wealthy people move and manage their money then replicate their strategies.  Resources Mentioned: LCA Marketing Center: LCAmarketingcenter.com Lab Coat Agents: LabCoatAgents.comChris Nagle website, Instagram Bauer Financial website The Money Multiplier video Mapping Out The Millionaire Mystery free book The Private Money Guide free book Connect with Lab Coat Agents: Lab Coat Agents on Facebook Lab Coat Agents on Twitter Lab Coat Agents on Instagram Lab Coat Agents Facebook Group