On this episode of the Scouting For Growth podcast, Sabine VdL talks to Chris Miles, an unconventional financial advisor who has an incredible backstory; he left the industry disillusioned in his 20s to become a passive real estate investor, achieving financial independence and retiring by age 28.
Since then, he has taught hundreds of entrepreneurs his formula for generating enough passive income to be "work optional" and then positioned to work by choice not necessity. During this conversation, Chris shares his incredible personal story, lessons learned overcoming major financial setbacks during the Great Recession when he found himself over $1 million in debt, alternative investment strategies beyond just real estate to generate passive income, and actionable advice to start taking control of your financial future.
KEY TAKEAWAYS
BEST MOMENTS
‘I was always taught that there wasn’t enough money. I wanted a different life that wasn’t just paying bills & then dying.’
‘My clients couldn’t retire early off my advice, I couldn’t & even experienced financial advisors could retire early off their own advice after 30-40 years.’
‘When the student is ready, the teacher appears.’
‘I have friends in real estate who say the last couple of years have been the worst years financially – even worse than 2008. But the key is, they’re talking about commercial real estate, not residential.’
ABOUT THE GUEST
Chris Miles is a leading authority on helping entrepreneurs & professionals get their money working for them today. He earned the nicknames "Cash Flow Expert" & "Anti-Financial Advisor" thanks to his contrarian perspectives & proven track record.
Chris hosts the popular Money Ripples Podcast, sharing unconventional money tips & insights. He's also the founder of Money Ripples, a firm dedicated to helping clients maximise cash flow.
ABOUT THE HOST
There are over 140,000 FinTech ventures out there, including FinTechs, InsurTechs, HealthTechs, and WealthTechs. And the number keeps on changing every month. One statistic remains the same: 25% of these ventures have received investment and support from the financing world. 75% of these businesses still seek financing support from institutional and corporate investors alongside value-creating commercial collaboration opportunities with Global Fortune 500.
Through this podcast series, I would like to demystify the world of corporate venturing, including how corporations collaborate with growth ventures, how venture capitalists and corporate venture capitalists make investment and collaboration choices in ventures and give tech founders and entrepreneurs, the strategies, tactics, tools, and techniques to build, grow and scale their business by understanding how those with financing power think. So, listen in, share and comment as you see fit.