Jun 2, 2022

Chris Miles, a financial advisor and former stock trader, has a lot of advice for people who want to get their money out of prison and into more productive areas. First, he recommends looking into HELOCs (home equity lines of credit) and refinancing if you already have a low rate. He also suggests seeking an interest-only loan instead of a regular loan with interest and principal. Chris recommends investing in real estate instead, which he believes will be more stable over the long term. As the “ANTI-Financial Advisor”, he now is the podcast host of the Chris Miles Money Show and has been featured in various media outlets.

[00:00 - 03:05] Opening Segment

• Introducing Chris to the show
• Getting that money moving
• Taking advantage of 401k, IRA, or other plans

[03:05 - 10:57] Mutual Funds vs. Roth IRAs

• Chris talks about which is the best way to save for retirement
• Chris's advice on not touching their 401K until they are at least 60 years old
• The current market’s volatility
• • Being prepared by having a diversified portfolio
• Chris’ advice when investing in the stock market

[10:58 - 12:41] Closing Segment

• Final words
• See the links below to connect with Chris

Quotes:

“Let's take a look at your cash flow. Let's take a look at how much money you're making on your properties. And then let's see if we can't get you into a situation where you're generating some passive income from those properties.” - Chris Miles

"The more it goes up, the harder it falls." - Chris Miles

You can connect with Christ through LinkedIn, Instagram, Facebook, and Twitter, or you can visit www.moneyripples.com. Email him at chris@moneyripples.com.

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