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Are you tired of feeling trapped in the rat race, following conventional financial advice that never seems to lead to true freedom? You're not alone, and this episode is here to offer a fresh perspective.

Join me, Krisstina Wise, as I sit down with Chris Miles, a financial expert who has navigated the complexities of wealth creation. Chris shares his journey from being a traditional financial advisor to discovering the power of real estate and passive income. He reveals how breaking away from conventional wisdom and embracing a mindset of stewardship and financial education can lead to true financial freedom.

In this episode, we explore the myths surrounding traditional finance advice and discuss alternative strategies for building wealth. Chris offers insights into leveraging tools like real estate and whole life insurance to create lasting wealth. We also touch on the pitfalls of mainstream financial advice and the importance of taking control of your financial future.

If you're ready to challenge the status quo and learn how to make your money work for you, this conversation is a must-listen. Click play to discover a roadmap to financial success and start your journey towards a wealthy, wealthy life.

Upcoming Workshop

If you're looking for more ways to elevate your life and business, join me for my FREE annual Goal Setting & Business Planning Workshop, a half-day, hands-on session where you’ll learn the exact system I use to design a life and business that truly align. This is not just a learning experience—it’s a doing workshop, where you’ll leave with a clear plan and actionable steps for a business that produces profits that fully support the life you want. Register HERE: https://fullcast.co/ww-gsw

Key Takeaways

1:29 Chris Miles Introduction

3:10 Chris's Financial Journey

7:16 Real Estate vs. Traditional Finance

10:02 The Rat Race and Financial Freedom

13:50 Banking and Financial Institutions

18:12 Critique of Dave Ramsey

27:37 Passive Income Misconceptions

38:27 Real Estate and Whole Life Insurance

45:54 Wealth Building Principles

56:39 Future Financial Myths

1:01:06 Money Mindset

Memorable Quotes

"Money is just a magnifier of the soul. It only makes you more of who you already are. If you're worried about corrupting your kids with money, they're already corrupted, and that's your fault."

"The best thing you can do is have an abundance mindset with money. It's not just about buying your time back; it's about magnifying your mission on this planet."

"Money allows you to make a greater impact in your community and create a bigger legacy. It's a megaphone for whatever you're trying to do. Ideally, you're a good person, and we want more money in the hands of good people."

Resources Mentioned

Who Took My Money by Robert Kiyosaki - https://www.amazon.com/Who-Took-Money-Robert-Kiyosaki/dp/0446691828

Connect with Krisstina

Website - https://wealthywellthy.life/

Instagram - https://www.instagram.com/krisstinawise

YouTube - https://www.youtube.com/@krisstinawise

Krisstina's Book, Falling For Money - https://www.amazon.com/dp/0692560904/

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Podcast Production & Marketing by FullCast

Chris Miles [0:00 - 0:19]: My money mindset is that money is just money. You know, I realized that, you know, when I lost everything, that's when I realized I had everything. You know, money is just a magnifier of the soul. You know, it only makes you more of who you already are. And I hear people, parents say, well, I don't want to corrupt my kids. Well, that's the case. They're already corrupted, and that's your fault.

Krisstina Wise [0:20 - 1:29]: Hello, and welcome back to the Wealthy Wealthy podcast, where we explore the intersection of wealth, health, and entrepreneurship. I'm your host, Christina Wise, and today I'm thrilled to have Chris Miles with us. Chris is a financial expert who has navigated the complexities of wealth creation, and he's here to share his insights. In this episode, we dive into the myths surrounding traditional finance advice and explore alternative strategies for building wealth. Kris shares his personal journey from being a financial advisor to discovering the power of real estate and passive income. He reveals how breaking away from conventional wisdom and embracing a mindset of stewardship and financial education can lead to true financial freedom. If you've ever felt trapped in the rat race or questioned the effectiveness of mainstream financial advice, this conversation is for you. Chris offers a fresh perspective on how to make your money work for you, leveraging tools like real estate and whole life insurance to create lasting wealth. For those eager to take control of their financial future, Chris's story and strategies provide a roadmap to success. But before we jump into this uninterrupted conversation with Chris, here's a few updates on what's happening in my world. Chris Miles, welcome to the Wealthy Wealthy podcast.

Chris Miles [1:29 - 1:31]: Hey, it's a pleasure to be here, Christina.

Krisstina Wise [1:31 - 1:47]: My goodness, it's. We've just really got to know each other face to face over the last few months or so, and. And I think we're scheduled beyond each other's podcast before we even realize that we knew each other through a mastermind. So I thought that was.

Chris Miles [1:49 - 1:51]: I know. It's a small world, isn't it?

Krisstina Wise [1:51 - 2:08]: It is, and you know, it is. It's just fun when those overlaps start happening. And then, you know, I was introduced to you and you were introduced to me, and we talked about being on each other's podcast. We realized, like, oh, my gosh, you're the Chris Miles and the Christina Wise that we, you know. Anyway, I just love it when things like that happen.

Chris Miles [2:08 - 2:21]: And I was actually joking with somebody the other day that if I ever want to meet people from the same same state of Utah, I have to go out of the state. In our case, somebody else out of state introduces us and then we're like, wait a minute, you're on my backyard. How is this possible, right?

Krisstina Wise [2:21 - 3:10]: Exactly? Well, yeah. Great love for this great state of Utah. All right, well, I'm really looking forward to our conversation today. You're. You're an expert in something that has been very rewarding in terms of wealth creation for me personally. But I know it gets a bad rap and most people don't understand it and they don't understand how this can fit into a wealth building long term strategy. So let's talk today about money and net worth and passive income and a method for checking all those boxes. So before we do that, as we have everybody hanging on, share a little backstory. Chris, what got you into kind of the financial world? And have you always loved money and numbers? Or is this just something that you've come to discover and love over time?

Chris Miles [3:10 - 3:42]: You know, I think in some way I did like money, but not in the way that most people do. I, I do remember. Do you remember watching Family Ties with Michael J. Fox? Yeah. Back in the 80s, I, I used to love his character and I didn't even know what economics was, but I knew it was about money and I thought that was pretty cool. And you know, I even remember the episode and he was talking to a therapist and he dropped the change. He's like, that's 83 cents, right? And I thought, well, that's kind of cool. That's a cool trick, you know, parlor trick or whatever. But I actually went to college. I was actually a sociology major with a triple minor in psychology, Japanese and ballroom dancing.

Krisstina Wise [3:42 - 3:43]: Oh, gosh.