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Max ROI Infinite Banking
United States
เข้าร่วมเมื่อ 23 เม.ย. 2009
Go follow my main channel for daily content! @moneyrippleswithchrismiles
How Krisstina Wise Went from Handouts to Financial Freedom
Want to see if you're ready to start making passive income? START HERE: bit.ly/4ffkyhQ
In this episode, I talk with Christina Wise about the journey to creating true wealth and financial freedom. Christina shares her story of growing up in poverty, hustling in real estate to make a high income, only to find herself struggling financially and fighting over money in her personal life. After hitting rock bottom, she realized that wealth isn’t just about making more money-it's about creating passive income and living a balanced, healthy life. Christina explains how she began investing in real estate and how building assets, rather than just earning income, led to her financial independence.
We dive deep into the difference between "working income" and "non-working income" (passive income), and how important it is for business owners to understand how to create income streams that work for them, rather than constantly hustling. We also discuss how comparison and chasing success can trap business owners in a rat race, and how true wealth is a combination of financial, emotional, and physical wellness.
Timestamps
00:00 - Introduction to passive income and the rat race
01:32 - Christina's journey from poverty to wealth
08:00 - Building passive income through real estate
14:14 - The importance of health and wellness in wealth creation
20:25 - Breaking the comparison trap
22:20 - Where to follow Christina Wise
#passiveincome #cashflow #freedom
www.moneyripples.com
DISCLAIMER. The information presented in this video is for educational purposes only. It should not be taken as investment advice. Investing involves risk and any decisions made based on the information presented in this video are solely your own responsibility. Please do your own research before making any investment decisions. We do not endorse any particular investment or investment strategy, nor do we guarantee any specific outcome or profit. Past performance is not indicative of future results and investing involves the risk of loss. We appreciate you watching this video and educating yourself further on investing and finance.
In this episode, I talk with Christina Wise about the journey to creating true wealth and financial freedom. Christina shares her story of growing up in poverty, hustling in real estate to make a high income, only to find herself struggling financially and fighting over money in her personal life. After hitting rock bottom, she realized that wealth isn’t just about making more money-it's about creating passive income and living a balanced, healthy life. Christina explains how she began investing in real estate and how building assets, rather than just earning income, led to her financial independence.
We dive deep into the difference between "working income" and "non-working income" (passive income), and how important it is for business owners to understand how to create income streams that work for them, rather than constantly hustling. We also discuss how comparison and chasing success can trap business owners in a rat race, and how true wealth is a combination of financial, emotional, and physical wellness.
Timestamps
00:00 - Introduction to passive income and the rat race
01:32 - Christina's journey from poverty to wealth
08:00 - Building passive income through real estate
14:14 - The importance of health and wellness in wealth creation
20:25 - Breaking the comparison trap
22:20 - Where to follow Christina Wise
#passiveincome #cashflow #freedom
www.moneyripples.com
DISCLAIMER. The information presented in this video is for educational purposes only. It should not be taken as investment advice. Investing involves risk and any decisions made based on the information presented in this video are solely your own responsibility. Please do your own research before making any investment decisions. We do not endorse any particular investment or investment strategy, nor do we guarantee any specific outcome or profit. Past performance is not indicative of future results and investing involves the risk of loss. We appreciate you watching this video and educating yourself further on investing and finance.
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How To Overcome Your Fear Of Investing // Money Ripples Podcast Overcome your fear of investing and try our Passive Income Calculator now: bit.ly/4dQhnMH In this episode, I talk about overcoming the fear of making your first investment, especially in alternative investments like real estate. After losing everything during the Great Recession, I had to rebuild my wealth and confront those same f...
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This guys an idiot
Work hard enough and efficient to achieve your goals. Without a goal you would burn up. Be pragmatic with money. Try to make money work for you. Then live your life, don't wait for pension.
I found the TH-cam shorts of a guy interviewing Eddie Wilson. I had to search Google to find out his name. This kind of info has HIGH VALUE!
Me too.
Likely school of hard knocks is where you saw the short. Eddie is definitely someone to learn from.
Its been an honor to be on the show! Thank you!!!
@wojtekstarakiewicz9779, you were awesome! Thanks!
Listen here: podcasts.apple.com/us/podcast/unlocking-the-power-of-visualization/id895555599?i=1000670936001
why does bro look sunburned without any sun outside
I utilize an SBLOC instead of whole life but the principal remains the same - borrowing against an asset to invest into a passive asset like real estate or high yield dividend stocks to pay down the loan. 💵
@CFH298, they work very similarly. The main difference is that you have to be careful where your underlying portfolio is invested. And depending on where it's invested, you'll have significantly less leverage. With an SBLOC, if you're mostly invested in stocks or mutual funds, you won't have much more access than 50-60%. If the values drop, so does your access. With whole life, because it's guaranteed, they'll loan up to 95% of the total amount of cash in the policy. Less risk = more leverage.
I'm sure you have this in one of your other videos, but what would happen if someone had a home mortgage and received a $50,000 windfall? Let's say they owe $150,000 on their home and have a mortgage rate of 7%. Would it be best to pay down their mortgage with the $50,000, giving them a 7% immediate return, or put it to work in a promissory note? What say you, Mr. Miles? Thanks for these amazing videos and for all your efforts!
@cstevens2121, remember that simple interest (mortgage interest) is equivalent to about 3-3.5% compounding interest (see my other compounding interest concepts in the infinite banking videos). The big risk throwing the $50K onto the mortgage balance is that money is trapped in prison. Your payment doesn't change. Thus, your cash flow health doesn't improve. And even worse, if an emergency happens, you either have to sell your beloved home or beg the bank for a loan. And banks NEVER give you money when you need it. You'd be better off setting it in a 4-5% CD to out-earn the simple interest charged on the mortgage. At least in that scenario, you could get to the money, if needed.
@@moneyrippleswithchrismiles LOVE IT! Great response. That's what I'm telling my brother. I think he'll still opt to pay down his mortgage with the proceeds of the sale of his other home, but I sent him this video to watch to help him. Thank you!
@@cstevens2121, if he had enough to pay off the ENTIRE mortgage to eliminate the payment, that's one thing. But he would have to keep paying the same payment FOR YEARS, even after dropping all of that cash towards it. It does NOTHING to improve his life day to day.
Are you going to explain the cash flow index???
@@Joeyelley, you can watch a full video on that here - th-cam.com/video/l8Rwxp_eGWo/w-d-xo.htmlsi=FcTZSdja_E4DOAW5
People don’t wasted your money👹🤢🤮👹what’s your commission? 😂😂😂
@kennedycollado4718 , a lot less than those typical insurance agents out there. That's the whole reason I started teaching this. Most of those policies are ripping you off to some level.
There is a place for the 401k for the high income accredited investor, self-directed, using alternative assets. But you are spot on with the typical corporate plan for W2 employees. My wife and my plan at our respective companies both suck for investment options. The thing to do is skip or minimize the corporate 401k when you are young and go alternative to generate your passive income, then when you are an accredited investor with enough passive income, set up your own self-employment investments and solo-401k.
@danielmarkert , exactly. Even though I'm speaking to the masses, there CAN be a place for self directed 401k's, eQRP's, etc. They work best as the long-term growth bucket.
Is this life insurance?
@@damoneymaker, not the typical term life insurance. This is whole life insurance that allows you to grow and leverage your savings better.
Thank you so so much
@@edenpagani1243, you're welcome!
Hey Chris Miles, I'm a huge fan of your TH-cam channel Money Ripples Podcastand have been following your videos for the last few months. You consistently deliver top-notch content, and your passion and effort shine through in every video. I see incredible potential for you to reach an even wider audience with a solid TH-cam strategy. I'd love to schedule a short meeting to discuss how I can help you grow your channel faster. This isn't a sales call, but rather an opportunity to share ideas and offer assistance. Thanks for your time and for creating such amazing content. Keep up the fantastic work! We can find a convenient time to chat. Let me know if you're interested.
Yes democrats want to control republicans. Its the root of all evil.
I love this stuff
@adrianjabascal4749 , it's amazing when done right 😀
Shut up
She mentioned a 401k. I have one I need to move from a job…. Are there options to move it besides a Roth IRA or losing 30% when cashing out?
Yeah buy real estate. It prints money with little to no effort. High prices and high borrowing costs dont matter. I cant think of a worse time in history to buy real estate. Time and market conditions change and you have to adjust.
@rogerbartelson4869 high prices and high costs DO matter. But we're definitely not in the worst time in history to buy real estate. The way to know is because we hear comments from average Americans constantly saying, "it's a bad time to buy real estate", just like you've said. It's when EVERYONE, especially mainstream media and Americans, that say, "you can't lose in real estate." That's when it's ready to crash. We're definitely not there right now. However, the stock market is EXACTLY in that situation right now.
Ayo they got alot a jews was wild unless im missing something
Hey Chris Miles, I saw the videos on your channel. Your video content is excellent. To grow & increase the view of your channel you need to optimize your videos. Inspite all of your efforts videos are not being viewed. Video SEO Score is very low. The title, Description, and Tags are not SEO-friendly. Videos are not shared on Social Media platforms and many other problems are found on your TH-cam Channel. If your channel is optimized a little and if the videos are SEO friendly then your channel will rank very fast and your channel will grow. So immediately need Promotion,SEO for your Videos & TH-cam channel. Do you want to improve those problems and grow your TH-cam Channel?
Just another wanna be guru lookin for clout 😂
Lol yeah, that's me and ALL I CARE ABOUT!
LISTEN HERE: podcasts.apple.com/us/podcast/dave-ramsey-advice-is-late-again/id895555599?i=1000657918245 WATCH HERE: th-cam.com/video/qJCOjqYn8o0/w-d-xo.html
WATCH HERE: th-cam.com/video/qJCOjqYn8o0/w-d-xo.html LISTEN HERE: podcasts.apple.com/us/podcast/dave-ramsey-advice-is-late-again/id895555599?i=1000657918245
Usury should be outlawed.
Listen here: podcasts.apple.com/us/podcast/is-investing-in-stocks-better-than-real-estate/id895555599?i=1000657155962 Watch here: th-cam.com/video/n0htKQPjGO0/w-d-xo.html
Watch more here: th-cam.com/video/CU3hZBzajDI/w-d-xo.html
LISTEN HERE: podcasts.apple.com/us/podcast/is-investing-in-stocks-better-than-real-estate/id895555599?i=1000657155962 WATCH HERE: th-cam.com/video/n0htKQPjGO0/w-d-xo.html
LISTEN HERE: podcasts.apple.com/us/podcast/the-secret-to-building-wealth-i-part-3/id895555599?i=1000656385365 WATCH HERE: th-cam.com/video/jRwQ_0ntlog/w-d-xo.html
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Watch full video here: th-cam.com/video/upek7_TxBfM/w-d-xo.html
LISTEN HERE: podcasts.apple.com/us/podcast/the-secret-to-building-wealth-i-part-2/id895555599?i=1000655659982 WATCH HERE: th-cam.com/video/jqBhhCS0Mxc/w-d-xo.html
Watch full episode here: th-cam.com/video/upek7_TxBfM/w-d-xo.html
The worst part is that when I was a kid, big lotteries were for one million dollars (before taxes), and we thought if you hit one you would be set for life. Today, after taxes you couldn't buy half the houses in my neighborhood with what you took home.
Bruh that's like saying most cars don't drive as fast as the average car...
No, because the S&P index does not include all stocks. In fact, the biggest 6 companies make up nearly 30% of the index's price. It's a weighted average that's very tech heavy. The S&P isn't the average of the stock market. And most mutual funds invest in a variety of areas that's NOT the S&P 500. Therefore, their performance can vary. Sadly, most mutual funds that have money managers picking their variety of stocks still doesn't beat the S&P index.
@@maxroiinfinitebanking 🤦♂️ average is the middle. In fact half of the mutual funds that are indexed to the S& P 500 will not perform as well as the S&P 500. You have discovered the tracking error and survivorship bias skew 👍 in fact most mutual funds use a sampling method to try and replicate the returns similar the S&P 500 but mutual funds are goals based for the most part. The whole point of a mutual fund is low-cost diversification in a goals-based account. Most mutual funds are meant for smaller investors that are trying to access markettes with a balanced approach. Of course it's going to return less than the stock market.
@J0sh1ngAr0und , that's true. There are a variety of risk allocation models, including some that are more conservative. Sadly, even equity/growth funds have a hard time keeping up with the market... which isn't that impressive to begin with 😉 And to your point, mutual funds are catering towards those in the middle class who may not know they have better options.
Nice short. Tells just slightly less than nothing.
What is your view on Pi?
Passive income? I love it!
@@maxroiinfinitebanking Excellent, do you partake?
This is terrible advice
Do not listen to this
The market could potentially destroy investors money, not traders that know what they’re doing 🤷🏾♂️👍🏾
Wtf are you going on about?
😂😂😂
Hi bro! I have thoroughly analyzed all the videos of your TH-cam channel. Every video of yours is very good and beautiful! But no subscribed view of your channel is increasing because your video is not SEO properly, if every video of your is SEO then subscription,view will increase slowly. Can i assist you in making your channel better? Thank you.
great tips
When everything is high? Hahaha ok no thanks.
Is it really that high yet? The stock market and Bitcoin have gone up MUCH higher lately. Real estate keeps increasing in price because inflation keeps it going and rates are dropping lower than last year. That's why we still saw a 5% increase in home prices in 2023. It's happening again in 2024 because the rates are dropping lower than last Fall. Demand for housing is still super strong right now.
Dave will school you all day everyday chump
I love this example! Great examples. Thank you!
@cstevens2121 you're welcome! I hope this was the concept you were looking for.
@@maxroiinfinitebankingThis one works great, but it wasn't the exact once I was referring to during our meeting. Regardless, thank you! It's excellent.
Ur still a millionaire who doesn't have to work or can do any job u want!
The point of the video is that you do still have to work if you only have $1 million that you're trying to retire/live on. Even at 2 million you'd barely be comfortable assuming you don't have any debt and your home is paid for.
@@Bigtymemcd I rather be a broke millionaire with an extra $20-30k cash income than a nope millionaire with $0 cash income.
@sv2697 , of course. But that's not an even comparison. I'd rather have $1M paying me $100,000+ per year, backed by real assets, than only pulling out $20-30k per year gambling in the stock market.
Wtf
wow you always confirm what my commonsense always advised me. usually financial advisers like you are very arrogant and carry themselves like they’re better than everybody. thank you for being humble and grounded. it’s easier to listen to your advice.
That means A LOT to me. Thank you!