YOUR DAILY REAL ESTATE INVESTMENT SHOW
May 2, 2022

Keeping More Money Vs. Making More Money with Chris Miles

Keeping More Money Vs. Making More Money with Chris Miles

For every dollar lost, there is a dollar found.    No one wants to be on the wrong side of that equation. Yet almost everyone has finances that slip through the cracks, from coins claimed by the laundry machine to thousands of dollars of...


For every dollar lost, there is a dollar found. 

 

No one wants to be on the wrong side of that equation. Yet almost everyone has finances that slip through the cracks, from coins claimed by the laundry machine to thousands of dollars of unnecessary taxes.

 

You read that right: unnecessary. 

 

One of the many advantages of real estate is that it offers solid tax incentives designed to do everything from reimbursing investors for losses to exchanging old properties for new ones. Essentially, if you put value into the economy and infrastructure of the United States, the IRS will let a few dollars slide for you.

 

Chris Miles, our latest guest on the Cash Flow Pro podcast, knows this better than anyone. Founder and CEO of Money Ripples, Chris teaches entrepreneurs and savvy investors how to save more money by utilizing clever tax breaks and other strategies so that more money ends up in your pocket. To date, he’s helped over 850 clients save an average of $34,000 extra dollars a year to reinvest in themselves and their businesses, pay off debts, and have more financial freedom to buy back their time.

 

In this episode, we discuss:

 

  • Why financial advisors are not indeed on your side, and what to do about it
  • How to efficiently utilize your finances for maximum value potential
  • Saving money regardless of your income bracket
  • The benefits of passive income

 

What could you do with an extra $34,000 a year? Get that new car you’ve always wanted? Invest in private equity? Save that much more for college or retirement? Regardless of the reason, you definitely won’t want to miss what Chris has to share!

 

Find your flow,

Casey Brown

 

Resources mentioned in this podcast:

  1. https://moneyripples.com/
  2. https://www.linkedin.com/in/chriscmiles/ 
Transcript

Casey Brown  0:08  
Welcome to the cash flow pro podcast with me today is Chris miles of money ripples comm or Well, www dot money rebels calm and what is your start over? Cancel I'm sorry. Hello and welcome to the cash flow pro podcast with me today is Chris miles Chris, how are you today?

Unknown Speaker  0:32  
Great, Casey, how you doing today?

Casey Brown  0:33  
Wonderful doing great. So once you start off and tell us a little bit about about your company and about yourself and kind of introduce yourself to the listeners. Yeah, company's

Unknown Speaker  0:43  
money ripples and and I'm known as the anti financial advisor, hey, yeah, many people even hear about typical financial visor, they tell you to save everything, spend nothing, save it forever and put in crappy mutual funds. So hopefully, someday you might have something that is the thing that we preach against. We're all about creating cash flow and prosperity today. So you can work because you want to not because you have to create all that passive income, you know, having that ability to be free, you know, to really have true financial freedom. I now I started out not not being that guy. I was actually the traditional financial advisor 20 years ago, did that for years. But after a few years, I realized, okay, there's something wrong here because my clients are becoming financially free. I'm not financially free. No financial advisors financially free for that matter. You guys have been working there since the late 70s weren't financially free. So why would this stuff work? Yeah. And sadly, it wasn't until my friend Doug, who was in real estate investing said, Well, I mean, if your clients are financially free, and how many you guys are? And when I answered no to both questions, he said, Well, there's a problem. Now, I said, Well, give me the answer. He's like, I'm not gonna give you the answer, you just get an argument that stocks are better than real estate. I said, Well, come on, like, Give me something, you know, I'm open, like, I'm willing to be wrong here. Because I want to be wrong. So I can be right.

Casey Brown  2:02  
That's right. So I had a financial advisor, one time he, he stepped in, and he said, he said, You know, I was going to invest in some real estate or something. And, and well, my mother was as matter of fact, and she said, in financial advisors, you know, the taxes, and the penalties will just eat it up. You don't you know, you don't want to ever take you know, and all they were doing was just hoarding the money. I mean, whoever controls the money, and I was just like, wow, this is unreal. These people are just,

Unknown Speaker  2:30  
it's horrible. Because the truth is, you're not really an advisor, you're a salesperson, right? I mean, that's really what you are, you're just a salesman in his suit, trying to convince people to buy your products, and the only thing you offer are the things you can make money on, which are just mutual funds and insurance. Really, if you look at financial visor, that's all I do is sell your mutual funds insurance with varying degrees. It's like Mexican food, right? Like, I love Mexican food. But but look at it, I mean, burrito and a taco is the same thing just depends on.

Casey Brown  3:04  
It's been, I haven't heard it, but like that a long time. And I mean, that's exactly the way I feel. I mean, these guys are just there. And I was like, you know, they're the most they're just they're self serving. They're, they're saying they're out for their client. And then there is just unreal man, that's that's I haven't heard it put that way. That's like Mexican food. I hadn't heard it put that way in a long time, or just really ever that I know of so

Unknown Speaker  3:32  
well. And that's the thing, like, I know, most of them have a good heart, they want to think they're doing the right thing, right, but understand that they are trained from financial institutions to teach you the very thing really to sell your products, you know, the financial institution, not for you. And I remember like real estate, we would talk about it like we would show that if it's in chart, you know, the chart shows like The history of the stock market since 2000 BC, right, usually, actually before the Great Depression, and they show you yo T bills and bonds, and they show you real estate, which is like less than an array about inflation, like 3% growth in real estate. And the problem is, is that we know at least I learned like because, you know, after my friend got me, it opened my eyes more. It wasn't about what the appreciation was on the property. It was more about what's the cash flow, what the actual income you can get from it, which that's the whole reason for retirement planning, right? Let me be able to retire. They're not just wanting a big lump sum of money. They want that money to pay them enough to replace their income. And the problem is with that I actually just showed this to somebody yesterday. They were there in there was about 40 years old. They had they saved about 180,000. So not a lot, but still higher than the average at their age. Yep. And so they say 180,000 Like their IRAs and Roth IRAs. And and they said, Yeah, the financial advisor said we're on pretty good track to retire by 6727 years from then. And I said, Well, what is it you're trying to get to this? $3 million. And I said, Well, why 3 million? Well, that's the number we're predicting is what we need to give cashflow. Like, what's the cashflow? You told them what the actual income you told him? And they said, Oh, is it between? I can't remember exactly between 100 and 150, or 100, you know, maybe 102 100,000. I said, Okay, he's telling you that you're going to pay off your mortgage, because they're trying to aggressively pay down their mortgage, right? They're trying to pay it down in the next four and a half years. And they were trying to save up money. And they're putting away about 70,000 a year. Sure I showed them. I said, I know how this guy thinks because I was him. He's probably putting in at least 8% return. And he's probably thinking that inflation is only about two or 3%. I'm like, Oh, look at this, you know, 8% return? Yeah, you hit almost $3 million by age 67. I said, But guess what? The real rate of return in the stock markets, not that, you know, the real return of the s&p 500. Without fees coming out, has been last 30 years about 8.3 8.4%. That's the real actual yield, not the average. Because the average can be skewed and look higher than it actually is. But the actual return, if you were putting the number in a calculator, the SP would come out with the same number. It was like 8.3 8.4%. I said, you're lucky with all your mutual funds get seven and a half. So let's put seven and a half in here. Oh, and we all know inflation with what they report inflation is bullcrap. That's not really the case. Let's put this a conservative 5%. Because I told him I said, Listen, if you go to shadow stats, calm, you can see inflation is about 7% higher than whatever they report. So when they say it's 2% it's really more like eight or 9%. Yeah, so I put it at five. And the crazy thing is, when they saw it, I said, Well, look, you're after inflation numbers. What will you actually have a lifestyle of because you're thinking 120,000 a year in today's dollars? Yeah, but look, we look out in the future here. You got a whopping 24,000 bucks a year. 2000 bucks a month. Way to be a multimillionaire live in poverty.

Casey Brown  7:00  
Yeah, man, you know, I mean, your account. I mean, it's, I'm gonna throw this at you too. This is something that it just like I said, it seems like we're kind of on the same wavelength with this stuff. But but you know, I'm always intrigued at the I don't I'm not gonna say any names because let's just put the big stock brokerages not not the not the Goldman Sachs and those but the but the people that are down on the level with the consumers. Like, you know, there's some of them there where there's eight or 10 Different brokerages in each like tiny town. I mean, we've got like 40 something 1000 People in my town, I think there's six or eight different,

Unknown Speaker  7:35  
smaller, the Edward Jones guy or something like

Casey Brown  7:38  
Yeah, yeah. And so I'm gonna, I'm gonna throw out there. They always have the cost of Secondary Education studies. And they always have this Well, now, all of the sudden, today's time it costs x, hundreds of 1000s for your kid to get a college degree. And then what's it gonna cost 20 years from now, when they're 18 years from now, when they're in college, and I'm always just absolutely flabbergasted at these figures. And it's like, really, you know, I went to college, and I went to a smaller college and the tuition was like, I don't know, I'm gonna say the tuition was six or eight grand a semester. And it wasn't, it wasn't like a life changing money. And then and so I'm looking at this six or eight grand for tuition, I'm looking at, you know, say 20 502,000, for books, whatever. So say, 10,000 a year for the education and the books. Okay. So now you're telling me that the additional expense, my living expenses as a single individual, that's 18 years old is going to be 80, or 90 or 100 grand on top of that mean? It's just, it's unbelievable to me, these figures they throw out there as cost of, of secondary education. And then I got to think, and I thought, you know, I know exactly why they're doing that. Because it's forcing people to put more than it's scaring people to putting more into the their college, their kids college account, which in turn is managed by WHO, it's the same people that are telling you to do this, and I'm thinking, okay, so you'd be better off to go buy a house where your kids gonna go to college right now, when they're when they're a child, you'd be better off to go buy that house and just rent it, just rent the house and make the payment then when they go to college, then you they live in that house, right? And, and it's just like, it's It's so unbelievable, to me how these financial advisors are just completely circumventing the idea that hey, maybe it might be better off to invest in real estate, rather than just or having it as a component of saying, Hey, here's your portfolio, here's what we're investing in. But, but but it all boils down to To the stockbrokers, and they're and they're the one level up the companies or whoever doing these costs of post, or cost of secondary education or college education studies. And I just completely blowing this figure out of the water, tripling though, you know, quadruple whatever it is, so that they can scare people into investing more money with them. Now, tell me your thoughts on that. I mean, is that something that I'm just like that I'm just like, I've just dreamed up, and maybe it's really not that bad.

Unknown Speaker  10:30  
I think I think you're onto something there. I think a lot of it comes from more of the companies, and they just pass it down to the financial advisors is say, here's what's suitable. The clients, right? Yeah. And that's the thing, like, even when I take, you know, like, because I still have an insurance license, you know, when I take tests or take my CEE course, and my continuing education courses, yeah, talk about suitability and what's suitable and what's not. Yeah, I'll tell you, the majority, what I see out there, I think can be done better. But suitability doesn't mean whether it's, it's the best suitability just means, you know, Is that does that strategy makes sense for them? Could that work?

Casey Brown  11:06  
Well, the fact of the matter is, there's doctors degrees, and there's things like that that are thrown in that same pile. And people that go to Harvard that are paying 200,000 a year, whatever it is, it's all thrown into that same pile. But man, the average, the average education, the average cost of education for just an average individual graduates high school that wants to go get a bachelor's degree, shouldn't scare people into just just will borrowing money to their financial advisor.

Unknown Speaker  11:34  
Well, I agree on the 529 plans. That's one plan that everybody that says, oh, there's anything I hate my 529 college savings plan for my kid, because not only is it do they have certain limits on it. But the other issues they have is that they have zero control about where they they put that money, your control over how it gets invested. Because they pick it based on an age. It's like an age risk factor. Yep. And that's just like game. I mean, if the market goes down, right for they go to college, then what I mean, we've already seen the market go down this year over 10% year to date, and you realize it yet there's people that I've met with that said, you've already lost over 100 grand your money, but you haven't noticed it because nobody's talking about we're actually moving into a bear market right now. That's right. Nobody wants to say that because they don't officially announce it till the market loses 20%. Think about it, you get a half million dollars, you lose 20% You lost 100 grand? Yeah. And then they'll say, Oh, I guess it's a down market.

Casey Brown  12:28  
Yeah, we know the down market is where good companies become great, because it shows their ability to manage, it shows their ability to to know where the fat is the needs to be trimmed. So it's not the thing is, is that I'm not like completely anti investing in certain different stocks, because there is some stocks that have have ballooned, and then of course, they but you know, the.com era, it was basically a trim. I mean, we all see that they were on the right path, but it's just overbought. And as soon as it came to start shrinking, everybody thought it was the end of it all. That's it, you know, my my grandmother, I told you that internet was the devil. And you know, and so it starts to trim but but again, I agree, I just the one steady asset that has always if you look at it back to the beginning of whenever it was started to be tracked real estate. I mean, there's been no greater asset. Has there been dips? Has there been pullbacks? Has there been recession part of it? Absolutely. But if you just held out those rent payments continued, might have missed a couple here and there. But really the cash flow the passive income has continued. And now you know now we're we're way north and everybody's like, Oh, man, I should have held on to it now. What's that? Mean? Forget who it says don't ever sell. And and so the passive income and that's I tell you it just like you can't, I can't heart there's nothing that gets me going much more than to try to tell people this, you know, the passive income, is it not the capital investment?

Unknown Speaker  14:11  
That's right. Well, and understand there's a very big difference. This is what was the big epiphany for me, you know, moving away acquitting being a financial advisor, right? This is what got me to quit, uh, one of many reasons. Besides the fact I couldn't be in integrity and teach this junk anymore. Sure. The one of the big reasons was, is that when we look at everything, it always comes back to what you said that cashflow that passive income, what actual income comes from this. Yep. And in the financial world. You know, it's funny because even 20 years ago, people talk about the 4% rule when it comes to stock market, right with mutual funds with their retirement accounts. They say that a lot of people have said in the past, that if you have a million dollars, you live on 4%, which is 40,000 a year so your money doesn't run out. However we even question that number, wondering if it was too high. Just last fall back In October 2021, the the Wall Street Journal came out said, Hey, we're redoing these numbers. And based on what we're seeing now, that shouldn't be more than 3%, which is what I was saying. I was saying two or 3% depend how early you want to retire. Well, 3% Now that million bucks now you only live on 30,000 a year, you're still about the poverty line.

Casey Brown  15:20  
That's right, as a million dollar, much better in dollars.

Unknown Speaker  15:24  
Yeah, I mean, versus like a million bucks. And see, this is what we do with our clients when we do alternative investments, right? Yeah, we look at everything. We don't actually take people's money. We actually connect people with deals and help them strategize. Yeah, we don't ever do investment advice or anything like that. But when we're looking at deals, usually we're looking at a minimum of 10% return per year. So and think about it, that's actually income coming in, like say it's a 10%, pref on a multifamily right, or 10% cash on cash on a rental, like a long term rental or turnkey or something like that. Well, guess what, that 10% On a million bucks is 100,000 year not 30,000. And if it's in real estate, because of depreciation, things like that, we're going to get better tax advantages, then like IRAs and 401, K's where they will tax you at ordinary income tax rates at the highest tax rate you can get taxed at. Yeah, so you're actually getting screwed. Being in the stock market, which can go like this anyways, you don't even know if you'll have that much in the end, where with real estate, it's very calculated. In fact, that same couple remember we're talking about where, based on their trajectory, they're only going to hit maybe 23 24,000 a year. And that's before taxes come out. Yep. Well, I said their same situation, I looked at it, I said, Well, you got money here, you get some cash here. We can move things around, we could refinance your property and actually not have you paid off in four and a half years, but do a new 30 year mortgage, get a HELOC on the back end to pull more cash out invest that. And in total cash flow just this year, not 27 years from now. But at the end of 12 months, that would be about $90,000 a year of cash flow in today's dollars. You know,

Casey Brown  16:56  
now you're Yeah, now you're talking triple the poverty level. You know, now you also Yeah, that's that's unbelievable to me. And it's and it's it's really just mind boggling that that there is actually people out there who are broke millionaires, I guess, if you will. And the cash Oh, you know, the, the can't buy, buy a can of soup. And yet, they've got that money tied up. And then, you know, then go back to the 529 plans. And it's just like, man, man, man, you just you're it's a complete crapshoot. And you know, and I don't know, so. But yeah, I mean, you know, when you dig in, and you start looking at this stuff, and you start thinking about what, what's the, what is the end result? So why don't we, you know, it just gets me fired up when I start thinking about that. And then I just didn't really realize this is where it was gonna go today. So I'm glad that there is other people out there that say this stuff, too. So what else? What do you all have going on right now? Investing wise? And what are what are you into? And maybe locations and stuff like that as well?

Unknown Speaker  18:04  
Yeah, I mean, we really look nationwide. You know, we really look for places that you get the best, you know, really the best returns? I would say, for the most part Western half the United States we void, right? Because, yeah, I mean, I live in Utah. And people, I get friends all the time saying, Oh, I'm looking at buying a rental, I think want to get real estate or buy one in Utah? My answer is always why. Yeah. Why would you do that, like your profits, so little, your cash flow is so little compared to the money you would spend, versus I can go out to like, you know, the Midwest or the southeast, you know, and tons of places out there. And I could buy properties and easily make at least a 10 12% cash on cash return on a rental that somebody else manages for me where you're hoping for a five or 6% cash on cash return that you manage yourself, it's it to me it's a no brainer to stay away from it. My California clients are my favorite because they're like, gonna make 2% cash on cash. You know, they're like, my Australian clients who try to do real estate investing, because Australians, they they make crap on their properties, you know, they come over here the US to invest because the numbers are so much richer.

Casey Brown  19:08  
Yeah. And I'll tell you that that you're just right onto something of course to our latest. We're kind of focusing on Well, it's the southeast that's where we live and we're looking at I call it the I call it the triangle of batteries I guess if you will, and it just really seems to me like a lot of the electric car battery factories are headed to the southeast from we're kind of looking from you know, Knoxville kind of up to maybe Cincinnati and in that area Nashville. Yeah. Which I'm only an hour from Nashville so so you know, when and and heard somebody say a long time ago, and of course, I don't I don't do politics whatsoever. But I heard somebody a long time ago said he was just absolutely emphatically not investing in blue states and And I kind of took a step back and I thought, okay, how, you know, what are we looking at here, and then when you look at it, and you think about it, it's a lot, that same mentality of you have very little control, I mean, you know, you start looking at rent controls and things like that, where all of a sudden, now, you've got an investment and you you've, the capitalist, part of yourself has went in there and put a chunk of money in. And now either A, you can't get it back because of rent control in a, you know, in a perceived return manner, or your property just dumps the value because of some off the wall, something or another that's happened. And so, you know, it's, but there is that point where the capitalist and the or the blue, the red meat? And of course, you know, you have to be mindful of that. So, yeah, you know, and when you, when you say not investing in the western half, I mean, that's something I've studied dry, like, just I've spent hours studying that and looking at the, the property values in California, you know, they go up faster, property values also come down faster. So, so the valleys are closer, they're just steeper, and maybe a little deeper. So when you agree,

Unknown Speaker  21:11  
well, that's the great thing about the US, right, is that we have such a diverse place. And, and we're not really looking at like the big cities, right. It's usually the the tertiary markets that we're looking at, because that they tend to be the boring markets. And I think, in my opinion, boring is sexy, boring investments are sexy, because the more predictable they are, the more they just pay steady returns, I don't care about huge, you know, spiking numbers, things like that. I don't care about the appreciation because I banked on appreciation before the last recession, I got burned,

Casey Brown  21:39  
big turn a guarantee. 100% Horrible.

Unknown Speaker  21:43  
Yeah, so I always go for the cash flow, like what's gonna give me that stable, predictable income. And you're right, I mean, blue states, or any state for that matter where they think that the government needs to step in and dictate what happens in the marketplace, that's not going to work? Well, because the truth is that the renters and landlords all dictate it, it's a mutually agreeable term, because if you raise them too high, they will rent from you. And you're gonna have to bring the prices down. You can't gouge people because I remember, this is right when I started learn about real estate investing. And I remember one of my family members we met at the lunch and he said, Well, I don't like real estate investing, because it takes advantage of people. I said, Well, how so he said, Well, I know a prominent guy in Salt Lake City, he knows a lot of the avenues area of Salt Lake like the old town area, and he makes 300,000 a year of rental income. I'm like,

Casey Brown  22:33  
that's terrible. And

Unknown Speaker  22:36  
he's like, Well, he can make less. I said, Well, let me ask you this. Is he holding them at gunpoint and tell him that they have to pay that rent? Well, no, of course not. Okay, so these people are willingly renting from him. Yeah, but but he doesn't have to make so much money. And I said, we know you just told me a few minutes ago, you're making six figures at your job. You said you could live on less once you go to your employer right now and tell them give you a pay decrease, because you shouldn't be making that much money. You don't need it. And at that point, you can have a small little corner smile come up because he realized he was trapped. Yeah. And, you know, at that point, then you start real investing in real estate.

Casey Brown  23:16  
Right, there you go. He's like, wait a minute, this may be this isn't such a bad idea. Well, you know, that it's the it's the government control. And and the thing is, and what I've learned since we started for instance, there was a there was a deal in Newburgh, Indiana a couple weeks ago. And it was I think it was and I just we underwrote it and looked at it just was simply it was just simply a massive deal that somebody immediately stepped in and you know, a big fish somewhere stepped in and bought it and it was like $66 million and I thought what in the world in Newburgh, Indiana $66 million and and and you know, and I got to thank it and I sat down was like all right, why was this is one of those tertiary more you know, it's it's a it's an outlier market. It's not a big metropolis and like that and, and, but there's people from Newburgh, Indiana, there will always be people from wherever you're looking, whether it's Greenville, South Carolina, or whether it's just you know, Timbuktu Tennessee or wherever there is people from there there's always people from there there's always people from there that are either going through divorce that need somewhere to live or once right transitioning from one job to another and and so you know, you're right these these boring markets are where there's dollars and that and, you know, they're steady dollars. They're not the like you said if you buy for appreciation, you're going to be out of business at one point or another and I've done that I've been I was put out of business by buying for appreciation and and got burned and it and it just, and you know what, I got burned right before that appreciation would have paid off. And so it you're you're spot on When you say you know, the passive income and the curated passive income, something that is truly passive, where management where everything is set off, and all you do is receive a check, that is the key to financial freedom, period, end of story mailbox money. Yep, that's it. So well, anything else you'd like to add anything else about your business about? You know, again, what you all might have going on right now. And, and just anything you want to add right now that the listeners would like to hear and, and maybe, maybe even something a value nugget that they might need, or maybe maybe a spot where they're at right now?

Unknown Speaker  25:43  
I think the thing I would stress is this, I mean, again, I've become financially dependent twice, right? Like, that's the one thing I've learned is, is that this stuff works, right? It's been proven to work where in the traditional model, Patricia model of saving mutual funds and IRAs and 401 ks has been proven not to work, but not really anybody's talking about that. And there's just these few voices like ourselves in the wilderness talking about this stuff. And it's it's much better. And there's so many more options like my clients, I think the biggest thing they become surprised by is that there's there's so many things they can do, they can do turnkey rentals, they can go and do multifamily syndications or syndications and things like self storage, they can do things in the place of like raw land, like I've got raw land right now. $100,000 pay me 4400 a month and growing each month, like, I love that, you know, you know, just doing things like that there's oil and mineral rights and stuff you can do there, they can diversify, you can have a whole true diversification of a portfolio not like stocks and mutual funds, which are not really diversified. They're all in one asset class is really diversify, and have way better returns way more certainty, still, there's gonna be risk. But that risk is more controlled compared to the stock market, which you have zero control over. If you have zero control over a market like that, like a stock market, you have zero control over your financial freedom or your destiny. Yeah. And I think that's the thing that people need to remember is that here doing this right here, when it's done, right, has, it's it's amazing is it's miraculous. And and that's kind of why our goal as a company is to have 1000 people financially independent by 2030. So we want to get that to the point where, at 1000 or more, I mean, that gets people to say, look that works. Financial Planning hasn't. Yep, ah, you know, like this one have been saying for years, but here it is. And the strategy is like infinite banking and stuff to to be able to get double dip on your investment returns and to be able to get higher returns and what you do with a traditional type of infinite banking stuff, I mean, there's so many things you can do.

Casey Brown  27:40  
Yeah, and, you know, I've always been amazed that the, when you invest your money in the stock market, we're going to go back into this for you in the show again, but when when the money is in the stock market, I was, I've also thought, you know, how many gatekeepers are there between your money. And let's just, for instance, let's say the CEO, you let's say you bought, or the money manager, or whatever, how many gatekeepers is there between your money but Well, between you and your money to start with? And then you and the person that's actually Matt, you know, quote, unquote, managing your money through whatever corporation that is. And it's, and it's even whether that's a REIT, that could even be a real estate investment trust. I mean, you know, you've got the CEO is the same as the CEO of any Fortune 500 company, there. It's just and when you when you take this money, and you're like, okay, hey, we'll turn this into a self directed me having a say so and hey, then, you know, we call Chris and say, Hey, Chris, you know, what, what are we looking at today? And, or what are we looking at this quarter, or whatever the case is, or whether you get on a webinar, you know, it's just, it reduces the amount of gatekeepers, it reduces the amount of, of middle men, if you will, that are all guaranteed drawn a paycheck. And so anyway, it's just you this conversation could go on for a year. And it's felt like it's our duty to raise awareness to it. Chris Opie, I think you've probably feel the same way. I mean, it's your very first thing you said in this podcast was on the anti, was it the anti financial financial advisor, financial advisor? Yes. So. But, well, hey, I'd love to thank you for being on our podcast today. I hope the listeners have gotten some type of value. Chris, if you want to tell them how they can reach out to you how they can get in touch with you and learn more about your company. Anything else you want to add as well. I'm going to kind of just give you as much time as you want here. Again, make sure at some point you tell the listeners please how to get ahold of you so that that so that you can bring value directly to them, and not just through them listening.

Unknown Speaker  29:49  
You bet there's two ways you can do it. One you can go to our website, money ripples.com s mo N EY ri PP le s.com. We got tons of information there and videos and things like that playlist that you can learn different topics. And then of course, you can always listen to our podcast, the Chris miles money show that we've got on iTunes or YouTube. tons of options there where we've got now about 600 episodes. Oh, good luck. I would start from the newest ones that weren't back then start from the beginning.

Casey Brown  30:17  
Yep, that's right. That's right. Well, great, man. Anything else you want to add? For the listeners?

Unknown Speaker  30:23  
I will say that, there's hope. And like we've said here before, like this stuff. I mean, the more common sense you use, the more you realize this works, you know, what we're talking about is true. And, you know, you just got to see through that just because, you know, millions and millions of people follow a certain path. Just remember, look at the results, if you're still broke, if there's still like my Dave Ramsey poster children that come to me all the time, they're like, Hey, I paid off all my debt. And I've been saving money mutual funds. And guess what? I'm not financially free. Like Dave Ramsey told me I would be that that's because he works for broke people, not for people that want become wealthy and have freedom there. Yes. That's where you get.

Casey Brown  31:04  
There's very, very few truly wealthy individuals that have had taken that step. And you know, it's cash flow. It's not capital.

Unknown Speaker  31:12  
So that's right. Always about the cash flow. Well, Chris, thanks. My shirt says, cash flow equals freedom.

Casey Brown  31:18  
There you go. It's right. So Well, thank you so much for being on the show today. And again, that's WWW dot money. ripples.com. And you all feel free to reach out to Chris, I know we'd love to help you in any way you possibly could. So Chris, again, thank you.

Unknown Speaker  31:34  
Such a pleasure. Thank you, Casey. Yes, sir.

Casey Brown  31:35  
Have a good day. You too.

Transcribed by https://otter.ai