#307 Chris Miles - Unveiling Myths About Traditional Finance and the Rat Race

Wealthy Wellthy Podcast

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Are you tired of feeling trapped in the rat race, following conventional financial advice that never seems to lead to true freedom? You're not alone, and this episode is here to offer a fresh perspective.

Join me, Krisstina Wise, as I sit down with Chris Miles, a financial expert who has navigated the complexities of wealth creation. Chris shares his journey from being a traditional financial advisor to discovering the power of real estate and passive income. He reveals how breaking away from conventional wisdom and embracing a mindset of stewardship and financial education can lead to true financial freedom.

In this episode, we explore the myths surrounding traditional finance advice and discuss alternative strategies for building wealth. Chris offers insights into leveraging tools like real estate and whole life insurance to create lasting wealth. We also touch on the pitfalls of mainstream financial advice and the importance of taking control of your financial future.

If you're ready to challenge the status quo and learn how to make your money work for you, this conversation is a must-listen. Click play to discover a roadmap to financial success and start your journey towards a wealthy, wealthy life.

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Key Takeaways

1:29 Chris Miles Introduction

3:10 Chris's Financial Journey

7:16 Real Estate vs. Traditional Finance

10:02 The Rat Race and Financial Freedom

13:50 Banking and Financial Institutions

18:12 Critique of Dave Ramsey

27:37 Passive Income Misconceptions

38:27 Real Estate and Whole Life Insurance

45:54 Wealth Building Principles

56:39 Future Financial Myths

1:01:06 Money Mindset

Memorable Quotes

"Money is just a magnifier of the soul. It only makes you more of who you already are. If you're worried about corrupting your kids with money, they're already corrupted, and that's your fault."

"The best thing you can do is have an abundance mindset with money. It's not just about buying your time back; it's about magnifying your mission on this planet."

"Money allows you to make a greater impact in your community and create a bigger legacy. It's a megaphone for whatever you're trying to do. Ideally, you're a good person, and we want more money in the hands of good people."

Resources Mentioned

Who Took My Money by Robert Kiyosaki - https://www.amazon.com/Who-Took-Money-Robert-Kiyosaki/dp/0446691828

Connect with Krisstina

Website - https://wealthywellthy.life/

Instagram - https://www.instagram.com/krisstinawise

YouTube - https://www.youtube.com/@krisstinawise

Krisstina's Book, Falling For Money - https://www.amazon.com/dp/0692560904/

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