Are you looking at getting out of the rat race? Are you looking at ways in which you can free up cash flow amounting to some $34,000 a year?
In Episode 029, Jack has invited Chris Miles who is the "Cash Flow Expert" and “Anti-Financial Advisor” to share his journey from getting out of the rat race to achieving financial freedom at the age of 28, and then going back to the rat race due to the Global Financial Crisis and how he made a comeback to the road of financial freedom and now becomes a leading authority teaching entrepreneurs and professionals how to quickly free up and create cash flow spending time doing what they love most!
Chris has a high reputation with his company, Money Ripples getting his clients fast, life-altering financial results. In fact, his personal clients have increased their cash flow by over $100 Million in the last 8 years!
Become a business consultant In the real world and a school drop-out
"I figured out if I'm going to become a business consultant, I shouldn't just have book smart, I should also have real life experience. And so I ended up dropping out of college with one class to go and I thought I'll just take a one year break and I'll start a business."
How did Chris become financial free in 2006 and 2007?
"A friend who was a millionaire asked me "Do you really like doing mortgages?" I said, "Well, not really. I love teaching it. I love helping them get the results, but I hate the paperwork and I hate the one that they call like every day leading up to it." And he said, well, why don't you hire that out? So I found a guy who had split it 50/50 with me. I would just spend a half hour to an hour to the client and then next month later I get a check for like a thousand bucks or so. I thought, well, that's a pretty good wage per hour, where else could I do that? And so I started creating passive streams income to where I was making like $4,000 or $5,000 a month, working in about three or four hours a week, with different companies. And so in 2007, I came out of retirement."
It's not about focusing on the money part
"I realised that the biggest key to getting out of anything is I stopped asking how do I make more money, but I started asking, how can I create value? How can I serve more people? What can I do to create more value for more people? Because dollars follow value you create, especially value that others want in their life. If you realize that everything you do is about service, everything you do is about getting people what they want, the money's easy. The money's just exchanging you saying, here, I'll give you this piece of paper or this check. I'll give you this money."
What's the best strategy to get out of the rat race?
"People can look for the right time and the right time usually is like figuring out like how do we make sure that you're financially prepared to make the leap. I made a leap back early on was a financial advisor. I made the leap a little bit too quickly because I didn't want to be at my job any longer. I was actually in a world of hurt financially for a few months, was trying to get stuff together and I had to go find another job to get myself going again. There's a right time and place to do it and that's why I teach people to get out of the rat race. You got to have the right timing to do it and the right circumstances. When it's right, it's easy to make that leap."
Chris' Most Favourite Quote
"Dollars follow value! If you want more money, don't ask, "How do I make more money?" Ask, "How can I create more value for more people?""
Want to know more about Chris and Money Ripples?
iTunes: The Chris Miles Money Show
You can download the Show Notes here:
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