• Building a Network for Passive Investing with Chris Miles

  • May 1 2024
  • Length: 39 mins
  • Podcast
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Building a Network for Passive Investing with Chris Miles

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  • Summary

    • Creating Multiple Streams of Income
    • Challenging Traditional Financial Advice Taking Control of Your Investments
    • Building a Network for Passive Investing


    • "Cash flow is like profit. If you're a business owner, you want more profit."
    • "I'm all about having a lot more money coming in than what's going out."
    • "Every single business owner needs other streams of income outside of their business."
    • "There's no way that you can live off of $30,000 a year. There's no way that you just stuff a 401k and just hope that it keeps going up."
    • "It's almost become like a religion with the 401k, hasn't it? I mean, it's almost religious to the point it's like dogma."
    • "Even if you get a hundred percent match, because a lot of times people say, well, I only go up to the hundred percent match and then I stop, which is better than just trying to max fund them, which is really what you have to do if you want to have any kind of paid retirement, right? But even then, like that match, it's fascinating because long-term, it only adds about two or 3% a year return onto your numbers."


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