Welcome to The Lindsey Anderson Show! In today’s episode, I’m joined by Chris Miles, the founder of Money Ripples and a cash flow expert. Chris shares his proven strategies for creating passive income and achieving financial freedom, focusing on how business owners can break free from the hustle and create lasting wealth. We also touch on some powerful insights into financial mistakes business owners commonly make, including focusing too much on top-line revenue and how to focus on creating sustainable profits instead.

Chris Miles is a cash flow expert and the founder of Money Ripples. He’s a former financial advisor turned “anti-financial advisor,” specializing in strategies that help business owners build wealth without relying on traditional retirement plans. Chris has real-world experience, having gone from millionaire to upside-down millionaire and back to financial freedom by leveraging passive income. His approach focuses on helping entrepreneurs break free from the cycle of hustle by creating systems to manage cash flow and build wealth outside of their businesses.

• Mindset and Financial Freedom: It’s not just about generating revenue; it’s about building systems that give you true financial freedom. Mindset plays a key role in creating wealth.
• The Biggest Money Mistake: Many entrepreneurs make the mistake of thinking their business is their only investment. This mindset can lead to burnout and traps them in a constant hustle. The key is to build passive income streams and invest outside of your business.
• Creating Sustainable Cash Flow: Focus on profit rather than top-line revenue. True financial freedom comes from building systems that prioritize profit and sustainable cash flow.
• The Power of Passive Income: Building passive income is crucial for breaking free from the hustle and creating long-term financial security. Chris shares how to invest in passive income sources outside of your business.
• Get Lean, Get Liquid: Entrepreneurs should track and manage their money wisely. Keep money liquid to weather financial challenges and ensure you’re not tied down by illiquid assets.
• Why Business Owners Struggle with Cash Flow: Many entrepreneurs focus on sales revenue but neglect to prioritize profit. Understanding the difference between sales revenue and net profit is essential for creating sustainable cash flow

• Focus on Profit, Not Just Revenue: True financial freedom comes from focusing on profit first, then building systems around that. Start by prioritizing profit, not just top-line sales.
• Get Lean: Be a wise steward of your money. Track your finances carefully and avoid spending recklessly.
• Get Liquid: Keep your money accessible. Don’t lock it away in illiquid assets—ensure it’s ready to use when needed.
• The Importance of Passive Income: Start building passive income sources outside of your business. This gives you the freedom to step away from the daily grind while building long-term wealth.

As business owners, we often find ourselves stuck in the hustle, focused on making more sales and growing the business. But if we don’t prioritize profit and cash flow, we can easily feel trapped in a cycle of constant work with no real freedom. By building systems that prioritize profitability, creating passive income streams, and focusing on cash flow management, you can break free from this cycle and build a business that works for you, not the other way around.

• “The biggest mistake business owners make is believing their business is...