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Why Every Entrepreneur NEEDS Passive Income NOW with Chris Miles
Manage episode 447224813 series 1263610
Chris Miles, the Anti-Financial Advisor, teaches entrepreneurs and professionals how to get their money working for them TODAY! He’s an author and podcast host of the Money Ripples Podcast.
Top 3 Value Bombs
1. Don’t put your money in retirement plans because they don’t work. Its all about how much income is coming in to pay for your lifestyle. Its important to make sure you just don’t have your business to build up but also you have other streams of income coming in so you can work because you want to and not because you have to.
2. Focus on things that bring more on the business. Find those profit centers that create the most revenue, best clients and least expenses.
3. Don’t re-invest in your business. Re-investing in your business means you are not profitable and you will constantly spend more money and will be trapped. You have to take your profit home by buying real investments like real estate that create passive income.
Create Freedom and Prosperity Today - Money Ripples Website
Sponsors
HubSpot: Get ready for growth, without the growing pains. Visit HubSpot.com/spotlight to see the dozens of major product updates that'll make impossible growth feel impossibly easy
Vanta Helps SaaS businesses of all sizes manage risk and prove security in real time. Vanta has a special offer waiting for you of 1,000 dollars off at Vanta.com/fire
743 episodes
Manage episode 447224813 series 1263610
Chris Miles, the Anti-Financial Advisor, teaches entrepreneurs and professionals how to get their money working for them TODAY! He’s an author and podcast host of the Money Ripples Podcast.
Top 3 Value Bombs
1. Don’t put your money in retirement plans because they don’t work. Its all about how much income is coming in to pay for your lifestyle. Its important to make sure you just don’t have your business to build up but also you have other streams of income coming in so you can work because you want to and not because you have to.
2. Focus on things that bring more on the business. Find those profit centers that create the most revenue, best clients and least expenses.
3. Don’t re-invest in your business. Re-investing in your business means you are not profitable and you will constantly spend more money and will be trapped. You have to take your profit home by buying real investments like real estate that create passive income.
Create Freedom and Prosperity Today - Money Ripples Website
Sponsors
HubSpot: Get ready for growth, without the growing pains. Visit HubSpot.com/spotlight to see the dozens of major product updates that'll make impossible growth feel impossibly easy
Vanta Helps SaaS businesses of all sizes manage risk and prove security in real time. Vanta has a special offer waiting for you of 1,000 dollars off at Vanta.com/fire
743 episodes
All episodes
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