Josh Cantwell: So, hey there, welcome back to Accelerated Investor. Hey there, I’m your host, Josh Cantwell. Today, I have a fantastic episode for you with Chris Miles. Chris Miles is a cash flow expert. He is an Anti-Financial Advisor and a leading authority to teach entrepreneurs and investors and professionals how to get their money working for them today.

Chris actually has retired twice before the age of 45, once at 28 and again at 39 years old. He’s an author. He’s a podcast host of The Chris Miles Money Show. He’s been featured on US News, CNN Money, Entrepreneurs on Fire, Bigger Pockets, and has a proven reputation with his company. It’s called Money Ripples in getting his clients’ financial results. In fact, his personal clients have increased their cash flow by almost $300 million in the last 12 years.

And Chris and I are going to specifically talk today about a very direct comparison between how you can get the same net free cash flow from a million dollars or $250,000, depending on which investment you pick. It’s a great comparison. You’re going to see it today. You’re going to enjoy the show. So, welcome, Chris Miles, to the Accelerated Real Estate Investor. Here we go.

[INTERVIEW]

Josh Cantwell: So, hey Chris, listen, welcome to Accelerated Investor. I am so excited to have you on the show to talk about passive investments and retiring early. Thanks for carving out some time. How are you?

Chris Miles: Man, I’m awesome. So excited to be able to talk with you today, Josh. This is going to be a fun conversation. I can already tell.

Josh Cantwell: No doubt. So, we’re going to talk today to all of our audience who is trying to retire early, wants to look at alternate type of investments that can help them do that, people who are looking at what do I do besides my 401(k) and my pension. Maybe you have a W-2, you’re a high-income wage earner, that kind of thing. Chris is an expert at this. This is his wheelhouse, helping people do that. And so, Chris, when you think about alternate investments and retiring early, what’s just kind of high level? What’s the first thing that pops into your head and how you help people do that?

Chris Miles: Yeah. I mean, like you mentioned in the intro, I’m an Anti-Financial Advisor, right? Like I’m anti-stock market, anti-mutual fund. I think all that stuff sucks because I was there. I was that financial advisor, trying to live the same life that my dad taught me to do, which was spend nothing, save everything, seen it forever in crappy mutual funds. And hopefully, someday, I have something.

But in truth, my dad, who did everything right, like Dave Ramsey taught, still when I met with him as a traditional financial advisor almost 20 years ago and I’m looking at situation, I’m like, Dad, you did everything right and you only have five years of retirement. You’re in your 60s and you can only retire for five years, and hopefully, you die.

Josh Cantwell: Right.

Chris Miles: And that was not the answer he wanted to hear. So, that was the thing that kind of created the crack in the armor for me as a financial advisor because I realized, wait a minute, he did everything right. He’s not financially free. Oh, man, well, wait, I’m on the same path as him. I’ve been doing the same thing as him. And I can see my future, and it doesn’t look good. And I see my clients’ future. Even some of them have decades of financial bias, they’re still stuck in the rat race. They’re not financially free either.

And I realized that I was just teaching a bunch of BS. And it took a friend of mine who was in the alternative investment space. He was doing more of an active real estate investor. He and his dad were partnering on some deals and making way more money. And it kind of opened up this whole new horizon to me of this alternative investment space and what was possible.

And the funny thing is, I quit being a financial advisor, and then months later, I was able to become financially free and financially independent where I had enough passive income to pay for my expenses. And that blew my mind because I thought– I was 28 years old at the time, I thought I have to scrimp and save and work my tail off until I was 40 and hope’s maybe living on a $60,000 a year type of income from the stock market, but no, I was able to do it much faster because it’s all about cash flow. And so, what’s the kind of deals that we look at?

Josh Cantwell: Love it, Chris. So, let’s talk for a second about some different groups of people, and I’d like to just your high-level kind of strategies. Obviously, we’re not giving financial advice here on this. I just want to make that disclosure. This is informational content. And you obviously can reach out to Chris and I for more personal one-on-one opportunities and things.

But Chris, let’s talk for a second about that late 20-year-olds, like someone like you that was 28, maybe 25 to 35 years old because there are so many like you. Right now, there are 128 million households in the United States versus during when the market crashed in 2007, back then, it was 116 million. There are so many more people now forming households, and they’re going to take on the big house and the car and the boat, and they’re going to get themselves painted into a corner where they have to work. Let’s talk about that group first, the 25 to, let’s say, 40-year-old. What kind of things did you do to get financially independent at such a young age?

Chris Miles: Well, the one thing is I had a question, everything I was taught by typical financial bias, including from my own peers. So, if you’re 25 to 35 or so years old right now, the one weakness or handicap that you have that we got being in our 40s is you haven’t seen a down-market yet. You haven’t seen anything fail yet.

So, I mean, think about the stock market, which is running up crazy since 2009. It’s finally taking a little breather and start to come down about 20% just this year. But from 2009 all the way through 2021, it barely even took a break, I mean, it just kept going. There are a few times they kind of flattened out or even went down like a couple percent and then shot back up again. It never really stopped.

And so, you’ve had this huge bull market there. You’ve had the huge real estate bull market, you’ve had this crypto bull market. And all this dumb money and all this money printed like crazy has created overinflated market that you’ve never seen something actually collapse yet. This, right now, is a perfect time to be wise and listen to those that are older than you. And I’m not saying older and wise. Well, they should be wiser, but I’m not saying older people than you in general. I’m saying that those of us that have been through multiple recessions where I went through like Y2K and the Great Recession, I learn a lot of stuff.

And the one thing I learned is that real assets are what you should be looking at right now. Not all the fake assets, like crypto and stocks that everybody else have been raving about and everybody hypes about. And whenever there’s hype, whenever something’s hot, that’s when it’s not. Once it became hot, it was already hot. You’ve already missed out on that opportunity. It wasn’t even opportunities, really, it’s the gamble.

The best place to be is in real assets. That’s why I love real estate. That’s why whether you’re going into buying your own properties, whether you’re an active investor or you’re doing turnkey real estate, like I do, because I’m more of a passive investor, I don’t like to be an active operator, so I do turnkey real estate.

I also go into syndications, whether it be apartments or self-storage, or even oil and gas right now has been awesome. If I have to pay more at the gas pump, I might as well make money off the profits of that, too, right? So, there are so many ways you can make an alternative space, but it’s got to be real, tangible assets, not the paper assets or even the digital assets that everybody’s been talking about in the news, in the media. That is the stuff that will cause you to go broke and will push out your timeline forever.

Josh Cantwell: I think part of that mindset too, Chris, that you mentioned is the 25 to 35 to 40-year-old who’s not thinking about retiring early, they’re thinking about, how do I keep up with my buddy that just bought a Jag and has a downtown apartment that’s $3,000 a month? How do I keep up with that guy and look cool versus retiring early, which is the ultimate cool play, right? The ultimate coolness play is to be retired at 28 and financially independent, or retired at 45 and financially independent. That’s the ultimate play.

Actually, we had drinks last night with my neighbor. And we’re all talking about the summer, and they’re both traveling a lot and working full schedules. And I’m like, yeah, I work Monday through Wednesday and I’ve got Thursday, Friday, Saturday, Sunday. I work Monday through Wednesday just because I’ve got this big portfolio and I’ve got some things I want to talk with, with my team. We have our meetings. We get a lot of our updates, but like Thursday, Friday, I can do whatever I want, Saturday, Sunday, do whatever I want. And they’re like, how does that work?

So, if I had started even earlier, like that 25 to 35-year-old, you got to make the decision that looking cool with material assets is not as important as retiring early, being financially independent, and actually taking the net free cash that you have and making investments, making investments in real assets. So, I think that part of that is going to always be the challenge of doing something fun with your money that gives you this gratification now because we get this thing for you of spending it or doing something fun versus the investment.

So, when you were 28 when you retire, at that point, specifically, did you buy rentals? Did you get into lease options and make spreads on lease options? Did you do an oil and gas play? What was the combination of things that you actually executed to allow you to have enough net free cash to pay all your bills?

Chris Miles: Well, back in 2006, my idea when I was 28, 29, I mean, I was primarily just doing real estate. So, yeah, I was like doing rentals, and that was more actively. I was too cheap to hire a property manager. So, I did more active in that sense, even did some lease-type spread things. Actually, I remember I took my starter home, sold it to an investor at a full appraised value to pull out all the equity, strip it all out, and then turn back around a lease back from them, so then I can sublease it to a renter. I did things like that.

But you bring up a good point because money is a magnifier of your soul. It makes you more of who you are. It doesn’t change you. It just amplifies whatever is inside of you. That 28-year-old, 29-year-old self of me was insecure. So, as I hit that, as I got to the rat race, here’s the warning of that, of course, that was 2006, the next year, we start moving into the recession. We start moving to the Great Recession. And I was doing all the Dave Ramsey stuff, even though I was preaching as Dave Ramsey at that point, like I was putting all this extra equity in the house thinking I just pull out the equity whenever I need it because banks will let anybody pull it out without– I was a mortgage broker so I would know you could take out your money, and as long as you have a heartbeat and a 660 credit score, you’re fine. And I was that.

But when I was in and the credit markets tightened up, I couldn’t get to the equity and I got prideful, I got arrogant because of that insecurity in me because I thought, well, I got to show people how valuable I am. So, I went and I bought that Mercedes. I bought this nice new Mercedes. I went and I bought a nice big little McMansion to show off. I had a young family at the time, but hey, who cares about having a huge 5,000-plus-square-foot house? It’s awesome.

And it was actually a parade home too. It was like one of those show homes that they had for that people who would walk through and tour. And I wanted that because I wanted people to be wowed by it. It was really because that was a great house.

Josh Cantwell: Yeah. So, you could tell people when they walked in, this was in the parade of homes, right?

Chris Miles: Exactly. It was a street of dreams home or a parade of homes. Yeah, exactly. And so, it was all about showing people how awesome it was. But when the recession hit and it started going the whole $16,000 a month, that’s when things got interesting because I had to turn in the Mercedes. I turned in before they could repossess it because I’m like, guys, you’re going to take it anyways because I can’t afford the $1,100 a month payment. So, I turned that sucker in.

And then, of course, the collectors came back, say, “Hey, we auctioned off for $30,000 less. Can you pay us 1,200 bucks a month?” Like, I can pay that much. I’m going to pay it in the first place. So, I had collectors call it daily. Eventually, my house got foreclosed on. Even though we had a short sale buyer, they were owned by Lehman Brothers, wouldn’t accept the short sale. So, they ended up foreclosing on us right before I had my fourth child born. And that was a stressful situation.

I had to pay them 2,000 bucks to stay in for two more weeks and all this kind of crap happened. I had to lose everything to find out just that actually had everything that I needed. But I had to lose and strip all the stuff away to really look at myself. And did I value who I was? Was I still valuable even without all my stuff? And it took me losing everything to find my true value.

And so, when I got it back again and I had to get out of the rat race the second time, paying off over million dollars of debt, finally got out of the rat race the second time in 2016, it was much different because I didn’t have all that ego and pride and that insecurity go with it. Now, it’s just a matter of I wanted the freedom, and as I had to grow up a little bit from that perspective. So, my hope is you don’t have to lose everything to discover that process, learn from a guy like me that screwed up.

Josh Cantwell: Got it. Yeah. So, now, 2016 is there, about seven years ago. You’re older, wiser, have your kids. You’re probably now mentally making different investment decisions because now, you’re doing it for somebody else. And I’ve always found my motivation and a lot of myself and what I can do for others. Like if it was up to me and I think it’s up to most people, like if you could invest the money versus go have fun with the money and it’s just for you, you’d rather just go have fun. Like if you could sleep in versus go to the gym and it’s just for you, you’re probably going to sleep in. So, you’re going to do the lazy stuff. Generally, humans are definitely lazy people when it’s just for us.

We have to find this motivation in something or someone else. And that’s often what gives me the motivation to get up and go to the gym so I could live a long life and be healthy to take care of my wife, kids, and grandkids. When they come, I invest more for the fun of making sure that my wife and my kids are retired, my mom’s retired, versus just investing for me because if it was up to me, I probably would go buy that Mercedes again, which I’ve already had and had fun with. It’s like, I like that cool stuff. My dad was always into watches and cars and still into watches and cars, but I don’t have an expensive watch or an expensive car because that’s not my motivation anymore.

So, now, you’re getting into your mature age. Now, let’s talk about the 40 to 50-year-old that’s in that accumulation phase, accumulation of assets, but also has probably a much larger income and a lot more expenses. And a lot of people paint themselves in a corner. They’re making 400 grand a year. They pay their taxes. They net out $250 to $300, but they have $18,000 a month in obligations because they have the boat, the second house, the car, the first house, college education, and they’re like, crap, I painted myself in a corner. I want to be free, but now, is it too late?

And I know you work with a lot of these kind of guys. You’re one of them. You’re in that age bracket, same as me. So, what kind of advice or ideas can we give to those people to help them, again, retire early, get out of the rat race with alternative investments?

Chris Miles: Yeah, the biggest advice I give is to get your money out of prison. And this would probably even apply to those in their 50s and 60s, too, but when you start in that accumulation phase, everybody tells you that net worth is the ultimate measure of your wealth. They tell you that you’re supposed to pay off your debt, save up a lot of money, get a big nest egg, and then you can retire.

But in truth, that’s not the case because, like I said, my dad did that and it didn’t work for him, so why I repeat his mistakes as well as every other Dave Ramsey graduate I talked to, who especially in their 50s or so. Maybe we’ll talk about the Dave Ramsey graduate in a second, but they kind of tie together because get your money out of prison. What I mean by that is, is one, I mean, make sure your– these are three points I give – get lean, get liquid, and get out.

Get lean means, like you were talking about, we are spending a lot more money, it just becomes natural habit. Often, because life gets busy, we stop tracking your money. So, start tracking your expenses. Track your income, too. Don’t just ignore the income. We want that to grow, but also look at your expenses and really decide, is this worth it? Is this really serving me in my life or not? Are you paying for a subscription every month that you had no clue you were paying for because you just kept paying it? Those kind of things.

I have one client that came to me. They’re in the same age bracket. They got lots of money, even like Google stock and Facebook stock. They got the retirement plans, but then we realized they had a lot of different debts. And as we start to look at what was the monthly outgo and even some of the debts, we said, you know what? Let’s, instead of just buying real estate, which was their whole intention to do all turn investments, I said, first, before we do that, let’s see if we can free up some cash flow. And we did. We ended up freeing up– with everything we did, we freed up about $4,000 a month for them, which was, I mean, think about that from a standpoint of me getting some of their financial independence number, that saves them right there at least $400,000 to $500,000 that they don’t have to save to be able to become free because to make $4,000 a month, you need about $400,000 to $500,000 to do that from a passive standpoint. Well, they did it.

And then we took the rest of the money. And now, we’re investing it to get them financially independent this year while they’re still young, while they’re still in their late 40s. That’s what I mean, it’s like free up the money and get lean. Get liquid means get your money away from the stuff that’s locked up, even equity in your home. That could be money just sitting around in savings, whatever it is, like get an assessment of money we can work with, and then get out, which can mean getting out of the stock market, especially if you’ve already lost.

The crazy thing is most people, psychologically, won’t stop being in the stock market because they don’t want to lose money. The truth is, you haven’t lost. If you’ve been in the market more than two years, you’ve actually had a gain. All we’ve lost in the last six months is really just the first two years.

Josh Cantwell: That’s old value. Well, what…

Chris Miles: Yeah, it was all balloon payments from the government. It was all fake, anyways. It was already overinflated by 2020, and then the government threw in more money, and it just made the balloon just explode. So, to be able to say, hey, I lost money, I better hold on, which is what people psychologically want to do because they don’t want to lose, think of it, it’s like, no, I gained, the market started to come down. It’s probably going to come down a lot more. I should probably pull my money now.

Again, we’re not giving you advice because we’re not investment advisors, but this might be the best time to pull out your profits and run as we taught in the stock trading world back in the day. Take your profits and run, and then get that deployed in someplace else that will actually generate cash flow. So, that’s the kind of advice I’d say really open up to when you’re in your 40s.

Josh Cantwell: Yeah. I mean, when I put together a traditional financial plan, I was the financial advisor too and I kept in touch with a lot of my buddies that are still in that space. And my buddy Brett come over who I actually mentored when he first got in the business. I was his kind of mentor and coach. He’s still in the business after 20 years. He comes over, puts together a financial plan. I didn’t buy any products or services from them, but it helped my wife and I get more comfortable and kind of just the exercise of talking out our plans, ideas.

He came back with a plan, and it was basically, again, diversify and wait, which is what every financial advisor tells us and sells. But I was baffled to see him put together a plan that said, look, if you had a million dollars, the blended average of the return that we’re going to put together is 7%. Everyone’s like, you get 10% in the market, but that’s only if you’re in large caps and some small cap stocks and it’s 100%.

But what does every advisor sell? They sell a blended portfolio. And when you roll in some cash and you roll in some bonds, drags the return balance, I’m like, okay, if I want to make a million bucks, 7%, $70,000 a year, and there are taxes still to pay because that’s all interest, income, and profit, so I’m really going to net maybe a 5% return to making 50,000 bucks.

Now, you take an investor that maybe has, instead of a million, saving and saving and slaving and waiting to save a million, if you take a $250,000 nut that you’ve got to invest and you can earn a 20% annual return through, let’s say, a real estate syndication, maybe you get a pref return of 6%, 8%, 10%. Then you also get equity in that deal. It annualizes out to a 20% return, and that return is also tax-advantaged because of depreciation. Now, you’re talking about you could achieve essentially the same thing, a 20% return on 250 yields you the same $50,000, the net $50,000 versus saving a million and earning the 7% minus the tax.

So, our audience needs to understand the difference is that in the dollars, you either have a million working for you to earn $50,000, or you have $250,000 working for you to earn $50,000. That’s the difference that Chris and I– that’s the real tangible difference that we’re talking about. Chris, you probably have a lot of the same stories. And when people that you work with, that are in that 40 to 56-year-old bracket, hear this, like there’s such an epiphany that goes off in their brain. This light bulb starts popping off and like, oh my God, I’m closer than I thought.

Chris Miles: Oh, yeah, there’s more hope than you realized. Well, here, let’s dispel some myths, for one, because we’ve always been told the market does 10% or 12%. That is 100% false. You look at the 30-year S&P average. And I just calculated this yesterday. End of June 2022, calculated this, actually, the 30-year average was 7.74%, even with the last 13 years being pretty awesome.

Despite all that, the 30-year average is only 7.74%. The 20-year average is exactly 4%. So, think about that. Sorry, I take that back. No, it did come up. It actually got up to 7% just because of where it fell in the months, but if I had done this like a month earlier, it was like 5%. So, it just depends on the month you look at.

Regardless, you’re lucky to get 7%. That’s before fees get taken out. That’s before the taxes, like you’ve mentioned, all those things. That’s if you’re 100% in the market. But the truth is, when they tell you, go into retirement, I know because I was trained to do to teach you this, is to move you away from the stock market, keep a little bit in the market, but move your way to bonds and things like that that aren’t paying much anyways.

So, you’re lucky to maybe make 3%, 4% in retirement, which is why Wall Street Journal came out last October and said, when you get to retirement, you should only pull out at most 3% a year. The younger you are, the less that number should be. So, if you’re 35, think you’re going to be FIRE, financially independent, retired early, that should be 2%. And I see a lot of people thinking, I’m already there. I could pull out my 4%. 4% rule has been dead for years. I’ve been saying it for 15 years. And finally, The Wall Street Journal said it. It’s not that way.

So, 3%, like you said, million bucks, if you had a million dollars, you finally set up all these retirement plans to then live on 3%, that’s $30,000 a year. So, I actually had a military colonel that just retired from the military in California just this year. He’s got a million dollars in the retirement plan. He said, “Chris, my financial advisor is saying I can only live on maybe $30,000 a year, and I pay taxes on it.”

So, think about it, you’re a millionaire retiring below the poverty level. That’s the financial plans you’ve been given. Personally, you’re saying even if that million bucks, even with, let’s say that you only did off the pref, not even the growth because maybe you’re trying to hedge for inflation, just the pref, maybe it was a 10% pref just for easy numbers, well, guess what? That now generates $100,000 a year versus $30,000 a year with a bunch of taxes.

And in his case, real-life scenario, we had a mixture of different syndication he did, something like oil and gas, some like apartments and turnkeys and things like that. He’s actually generating $12,000 a month in passive income. He just sent me an email a couple of months ago saying, here’s an update. When I first met you, we were at a couple of hundred bucks a month of passive income with that million bucks. Now, we’re at $12,000 a month, just to let you know. And that was his goal, to be financially independent. And he’s got other money’s coming in, too. So, that’s the difference that you have so much more hope than you realize once you get away from that traditional financial advising mindset.

Josh Cantwell: Yeah, absolutely. I think the challenge there is generally, people spend so little time on their finances. Again, there’s the old saying that people spend more time on vacation than they do on their finances every year, planning a vacation versus planning their finances. But there are people out there, like yesterday, I had a great conversation with one of our investors. He’s into us for well over a million bucks. And I’m on the phone with him pretty much monthly. And he sometimes more often, even sometimes a couple of times a month, but he is so proactive in looking for deal flow as a passive investor, investing in syndications, mobile home parks, self-storage.

And so, you wonder, when I met him five or six years ago, he had almost none of this passive income. Now, he’s got hundreds of thousands of dollars a year in passive income, his wife and all those kind of things, because he’s very proactive at looking for deal flow and very proactive at educating himself. Chris, why do you think so many people are so lackadaisical and just okay with, I’m just going to throw it in the market because that’s the easy thing and I don’t have to research it. They’re really trading, if they will, the financial independence everybody wants simply because they don’t want to take the few extra minutes to get on a webinar, get on a podcast, reach out to a general partner, reach out to a deal sponsor and learn. It’s amazing to me that most people, so many people don’t take that more seriously. What’s your take on that?

Chris Miles: I think, if people knew, they would take it seriously. I mean, not everybody, but I think a lot more would. It’s that law of attention. It’s just like when you buy a new car, also, something like everybody’s driving that new car around. When I was a financial advisor, I’d even see this whole other world I didn’t know existed. I thought people just bought real estate and made 3% a year on appreciation. I thought that’s how people made money in real estate.

I never realized how much difference there was in cash flow and income that came in with less money. Once that became apparent, then of course, as you start to see, then you’re almost like a magnet. You start to also say, oh, there it is, there it is. I never saw it before. It was hidden background. Now, it’s coming to the forefront.

So, I think that’s a big reason. And also, who do you trust? I mean, obviously, you raise capital, and with you, Josh, like you got an awesome company, but people are going to say, well, of course he says, his company is awesome because that’s his company. That’s his self-interest. So, people don’t know where to turn. They don’t know who to trust.

And so, it almost seems overwhelming. But in truth, if you can really get past that and they have almost somebody guide you to that process and say, hey, here’s how we can actually do this. Here’s what might actually work best in your situation. Eliminate all these other options that really don’t fit what you’re trying to accomplish anyways. Put that out of your mind. Let’s focus over here. These are the ones that will actually do it for you. I mean, that’s the reason why we’re in business. There are no financial advisors that can legally recommend doing long-term investments if they have a securities license because the securities license stops them from recommending anything outside of mutual funds.

That’s where we come in. We’re not investment advisors, but we come in more as consultants saying, hey, look at these people. These are people who have been vetted. These people had a great track record. It doesn’t mean that’s guaranteed, but these people are probably more trustworthy because they’ve been through these market cycles and things before. They know what a recession looks like, unlike somebody who just showed up in 2019 and said, I make money in real estate. There’s a big difference in the level of trust factor there. So, it does help to have that guidance to kind of narrow the focus and make it less time invested on your part versus trying to become the expert at everything.

Josh Cantwell: I love it. Chris. Listen, Chris has done a great job. I love talking with Chris. We’ve had each other on this podcast. Chris, I want to have you back again and talk about infinite banking, specifically. I want to do another podcast, just talk about that concept with you because Chris and I have so much in common from being financial advisors in the past to retiring early to retiring our parents to being through multiple recessions, like we have a lot that we could share, but we have limited time today. So, guys, make sure you check out Chris’s show, The Chris Miles Money Show on Apple Podcast. He’s done, how many? 621 episodes. You’ve done a ton of episodes.

Chris Miles: Something like that, yeah. Well over 620, yeah.

Josh Cantwell: Fantastic show. And then also, check out Chris’s blog at MoneyRipples.com. I would love to have my audience reach out to you, Chris, to see what kind of deal flow you’re working on just to learn more because just from the couple of times that we’ve had the chance to interact, I could tell that you and I are very much on the same page. You have a very much similar background. And I would love for my audience to engage with you and figure out how you guys can help each other. So, check out The Money Show, check out MoneyRipples.com.

And Chris, let’s have you back on as soon as possible to talk about infinite banking and some other strategies. So, thanks so much for joining me today on Accelerated Investor. This is a lot of fun.

Chris Miles: Same here. Appreciate it, Josh.

[CLOSING]

Josh Cantwell: Well, hey, guys, listen, I hope you enjoyed that episode. And if you did, I would be so grateful if you would share this episode all over Social media, share it on Facebook with your friends and family, share it on Instagram, share it on LinkedIn. And again, don’t forget to come back for episode number 2 with Chris and I as we talk about infinite banking and how that can also be added to your portfolio to reduce taxes, to save money long term, and to be able to pay yourself an interest rate while you are using your own money. So, check out that episode as well when it gets released.

And again, if you are an investor looking for more opportunities, more options to create more passive cash flow for yourself, go visit FreelandVentures.com/passive. There, you will find my deal flow, my personal deal flow that I’m buying, that I’m sponsoring, that I’m investing in, and that I can help you working together in a joint venture-type partnership, an opportunity for you to earn passive returns and passive income, and help you achieve your retirement goals.

I love what Chris said on the show, F-I-R-E, FIRE, financially independent, retired early. That’s what I want for you. Thanks so much for joining me today on Accelerated Investor. We’ll see you next time.