Episode #183: Escaping the Rat Race, Twice with Chris Miles

Mar 29, 2021

Financial advisors will tell you that playing the long game and investing in stocks is the path to financial independence. But here’s the secret that they don’t tell you — very few financial advisors ever achieve true financial independence themselves. Today we speak with Anti-Financial Advisor, Chris Miles, who teaches entrepreneurs and professionals how they can find financial independence by getting their money to work for them. We open our conversation by diving into Chris’s past as a financial advisor and how he discovered the flawed assumptions underpinning this industry. We then explore the link between cash flow and financial independence before discussing what it means to be caught in the rat race. With incredible openness, Chris shares his story of how he found financial independence before a few critical mistakes and the 2008 recession forced him back into the rat race. We touch on the lessons that he’s learned, the mindset needed to unlock your cash flow, and why adding value to people is a sound money-making strategy. Near the end of the episode, Chris unpacks common financial advice and gives listeners his top tips on expanding their financial literacy. Tune in for more insights on escaping the rat race from Chris Miles, AKA, the Cash Flow Expert.

Key Points From This Episode:

  • Introducing Chris Miles, famed “Cash Flow Expert and Anti-Financial Advisor”.
  • Why Chris quit being a financial advisor and began investing in real estate.
  • Getting out of the rat race and the differences between financial independence and freedom. 
  • Chris shares why he left his early retirement to help others.
  • How Chris ended up escaping the rat race for the second time. 
  • Why doing what you love won’t always bring you money.
  • Having a saving versus a spending mindset and the key to managing your finances. 
  • Hear how Chris grew from difficult circumstances and the importance and embracing an abundance mindset. 
  • Exploring the many flaws behind traditional financial advice.
  • Why alternative investment strategies are the key to attaining financial independence. 
  • Tips on how you can expand your financial literacy. 
  • Teaching your children about passive income and how to think about money.

Links Mentioned in Today’s Episode:

Chris Miles on LinkedIn

Chris Miles on Twitter

Money Ripples

The Chris Miles Money Show

Who Took My Money

Rich Dad, Poor Dad

U.S News

CNN Business

Dave Ramsey

The Brady Bunch

The Lehman Brothers

Killing Sacred Cows

CASHFLOW Classic

APT Capital Group

Passive Income Through Multifamily Real Estate on Facebook

Schedule a Call with Kyle Mitchell
Garzella Group 

Recent Posts

Real Estate Investing: Understanding Syndication Structures

Real Estate Investing: Understanding Syndication Structures

As a passive investor evaluating a commercial real estate syndication, you need to know where to start before you can tell whether a specific property or investment is a good fit. In this article, we’ll walk through one of the critical components you should review...

read more
How To Effectively Manage Multifamily Properties

How To Effectively Manage Multifamily Properties

While single-family residential property is often the first investment choice for real estate entrepreneurs, it isn't the only one. You don’t have to represent a real estate investment trust (REIT) to find ways to invest in multifamily homes. The allure of multifamily...

read more
What You Need To Know About Cap Rates As a Passive Investor

What You Need To Know About Cap Rates As a Passive Investor

If you’ve invested in residential real estate before, you have some important, basic lingo like rental income, mortgage interest, and amortization under your belt. When you step into the world of commercial real estate, you’ll begin to see other terms, like “cap...

read more
What Is The Best Way To Invest       and Grow $1 Million Dollars?

What Is The Best Way To Invest and Grow $1 Million Dollars?

While I’m aware that most Americans are living paycheck to paycheck and wishing they had just a couple of zeroes on the end of their bank balance, today we’re going to explore what could happen if you did suddenly come into money. Whether it be an inheritance, lottery...

read more