Everybody talks about how to prepare for your financial future, but what about our financial present? Today’s guest, Chris Miles, after working as a traditional financial advisor and stock coach for several years, came to a stark realization that the financial advising industry was not showing anyone how to quickly and safely become financially prosperous today.
In this episode, we learn from Chris how to be better prepared for your financial future by taking care of your financial present. Definitely an episode you shouldn’t miss!
HIGHLIGHTS OF THE EPISODE
00:27 – Guest Intro: Chris Miles
01:12 – Prepare your financial present
03:13 – Heading into a recession
04:05 – Anti-financial advising
06:06 – It’s not about someday, it’s about today
09:43 – How to underwrite deals, due diligence, and proper diversification
19:11 – Impact of rising interest rates, the likelihood of recession, and how fearful do you have to be?
25:37 – Can the rent increase offset the interest rates’ higher cost?
29:55 – How is the ability to borrow against whole life different from borrowing against universal life?
34:25 – Whole life is a better product than universal life
36:26 – Final thoughts
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CONNECTING WITH THE GUEST
Website: https://moneyripples.com/
LinkedIn: https://www.linkedin.com/company/money-ripples/
https://www.linkedin.com/in/chriscmiles/
Twitter: https://twitter.com/moneyripples
Facebook: https://www.facebook.com/moneyripples/
