BTM149: Money Advice They Don’t Want You To Know with Chris Miles

Chris Miles, today’s guest, is a leading authority on quickly creating wealth by increasing monthly cash flow and creating passive income.

He has shown hundreds of thousands internationally how to free up or generate tens of thousands of dollars each year! Chris has been featured in US News, CNN Money, and Bankrate.com.

On today’s show Chris and I discuss popular money myths plaguing today’s world and exactly how to make sure you don’t fall victim to these traps.

Key Points From This Episode:

  • Why your financial advisor sucks
  • How you should look at your rate of return
  • Why the 401K match is not as impactful as you think
  • How to pay down debt and invest at the same time

 

Links Mentioned in Today’s Episode:

Chris Miles Website

Recommended Book:

The Bible

Lifestyle Design App:

Mint: Budget Tracking App

BTM 102: Maximizing Your 401(k) Options To Build Wealth with Bernard Reisz

The 401K world has always had a big question mark around it. On this bonus episode, Bernard and I discuss the pitfalls of a traditional 401K and how you can take control of your retirement funds to maximize your wealth.

Key Points From This Episode:

  • 401k vs IRA, which should you have?
  • How to maximize your retirement match
  • I’m about to graduate college, how should I invest?
  • What 2 things should look for in a service provider

 

Links Mentioned in Today’s Episode:

Bernards Website

Before the Millions Books:

What They Do With Your Money

Listen to this book for free!

Lifestyle Design App: vCita

Free Training: Building A Lifestyle Business Through Real Estate Investing

BTM 93: Bank On Yourself Not Your 401K with Mark Willis

Have you created income for retirement that you can’t outlive? Today’s guest, Mark Willis, helps people who want to grow their wealth in ways that are safe and predictable, become their own source of financing, and create tax-free income in retirement. As a certified financial planner and best selling author, his mission is to help individuals take back control of their financial future and build their businesses with sophisticated, tax-efficient financial solutions.

On today’s episode we get into emotional financial intelligence. Dave Ramsey influenced Marks financial decisions early on but quickly came to realize that there was a better way for himself and family. Our emotions play a major part in our financial decisions as well as our financial indecisions. Many of us are depending on a traditional 401k savings to sustain our retirement years. You will be absolutely shocked at just how little the 401k will mean to you during retirement after listening to this episode.

 

Key Points From This Episode:

  • Emotions and Money, they correlate more than you know
  • The truth behind average rates of return vs real rates of return
  • Is Dave Ramsey wrong?
  • the benefits of dividend paying whole-life insurance
  • The outlook on baby boomers entering retirement
  • Why you shouldn’t pay off your debt

 

Links Mentioned in Today’s Episode:

Mark’s Website

Before the Millions Book: Find Your Why by Simon Scenic

Listen to this books for free!

Lifestyle Design App: Calm

 

BTM 89: $8 Per Hour to Multi-Millionaire in 4 Years with Daniel Ameduri

Daniel Ameduri is a self made multi-millionaire. After warning family and friends in 2007 about the coming market and mortgage collapse, he started his own YouTube channel, which has received 10 million video views. Even with a great calculation of the crash he failed through it and shortly after began to pick up the pieces as well as a special focus and passion for personal finance, he re-built his wealth and declared financial independence in 2012. Having no mortgage and enough rental properties to pay for his life style, he was able to build his business larger than he could have ever imagined.

On today’s episode we discuss the importance of personal finance and self help. The major influences in Daniels life had opposing viewpoints, Robert Kiyosaki and Dave Ramsey partly cultivated Daniels business and his interest in investments. One really fascinating thing about daniel story is how terrible his credit is (below 500) and how he doesn’t let it stop him from being an investor to be reckoned with.

 

Key Points From This Episode:

  • How Daniel travels 5-Star everywhere he goes
  • How Daniel spends $50,000 a year on wine
  • The difference between Retirement and Financial Independence
  • Robert Kiyosaki vs Dave Ramsey
  • Why it may be better to pay off your Home

 

Links Mentioned in Today’s Episode:

Daniel’s Website

Before the Millions Book:

Rich Dad, Poor Dad

Listen to this books for free!