17: Chris Miles - Increase Your Cash Flow with Whole Life Insurance

The Real Estate Lab

Show Notes

Contact Info:

Chris Miles

Email: [e-mail] or [e-mail]

Website: www.MoneyRipples.com

Podcast: The Chris Miles Money Show

Social Media: www.facebook.com/moneyripples

[00:01:23] Vee shares about his friend's company, Qualified Apparel. Each item purchased at this site, Ryan Huff, the founder, will donate enough money to feed 20 meals via Feeding America. Check them out at www.Qualified-Apparel.com

[00:05:21] Chris shares about his main plan before going into real estate.

[00:07:35] Chris met financially free people who were in their 20s and 30s, and that's what got him interested in real estate.

[00:08:04] Chris retired in 2006 at the age of 28. But shortly after that, the recession hit, and he was upside down.

[00:09:03] Chris shares with us the mistakes he did around the recession period. One of the mistakes was he was counting on appreciation too much.

[00:09:58] Another mistake was that Chris cut off the other income streams he had.

[00:12:23] Chris shares info about the "income trap."

[00:14:47] How do you get your real estate to pay you twice?

[00:23:01] Chris starts to talk about infinite banking and whole life insurance.

[00:27:06] Example of this infinite banking concept

[00:30:10] What if you never pay back your loan?

[00:41:52] Who is this strategy NOT for?

[00:51:44] Books that Chris had given out the most:

- Think and Grow Rich: The Original, an Official Publication of The Napoleon Hill Foundation: https://amzn.to/2wFutgU

- Rich Dad Poor Dad: https://amzn.to/38RaXMJ

- Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity: https://amzn.to/38Rq6xB

Transcription available at www.RealEstateLab.live

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