Money Ripples Create Freedom & Prosperity Today Sun, 04 Dec 2022 13:50:41 +0000 en-US hourly 1 Money Ripples 32 32 How This Doctor Created A Rich Life With Tom Burns | 668 Fri, 09 Dec 2022 14:00:00 +0000 Financial freedom is the ultimate dream for most people who strive to live a rich life. But how is it actually achieved? Is earning money simply enough, or do you need passion for your work? In this episode, Chris Miles is joined by Tom Burns, who shares his journey of escaping his rat race, getting… Continue reading How This Doctor Created A Rich Life With Tom Burns | 668

The post How This Doctor Created A Rich Life With Tom Burns | 668 appeared first on Money Ripples.

Financial freedom is the ultimate dream for most people who strive to live a rich life. But how is it actually achieved? Is earning money simply enough, or do you need passion for your work? In this episode, Chris Miles is joined by Tom Burns, who shares his journey of escaping his rat race, getting into real estate, and ultimately creating enough passive income to live free! He shares the most important lessons from his inspiring journey to becoming financially secure. Tune in and learn how you can do it too!

Watch the episode here


Listen to the podcast here


How This Doctor Created A Rich Life With Tom Burns

Welcome to our show. It’s for you and about you. Those of you that work so freaking hard for your money and you’re ready for your money to start working hard for you now. You want that freedom and cashflow today, not 30 or 40 billion years from now but right now so you can live that life that you love with those that you love. Most importantly, it’s not just about getting rich. It’s about having a rich life because as you become blessed financially, others can become blessed as well, and you create that ripple effect through their lives.

I appreciate that I have the opportunity to do that with you. I love hearing the feedback you are giving, the questions, and the topics that come up. That inspires me and helps me want to serve you. That’s why we’re here. Thank you so much for tuning in, bingeing, sharing, and applying this stuff so that your life changes too. As a reminder, if you haven’t done this already, subscribe to our YouTube channel, the Money Ripples with Chris Miles page. There, you can find lots of different videos, shorter stuff that we teach, and little snippets and tidbits to help expand your education more. Be sure to go check that out today.

I’ve got a special guest that I’ve heard about through reputation but yet I was not able to meet him until recently. I feel fortunate to have him on with us. You may already know Tom Burns. You might have seen some of his stuff if you’ve been online, especially if you’re in the medical field. You may have come across this stuff before. He is a principal of a private equity real estate firm in Austin, Texas. He’s a physician from the US Ski Team, and he’s the author of the book, Why Doctors Don’t Get Rich. He’s developed or acquired $500 million of real estate locally and internationally over the past 25 years.

He’s not showing up on the scene when the real estate got hot. He’s been around for a while. He’s been doing this for a while now. He’s a sought-after speaker mentor. He’s frequently featured in nationally circulated print articles, news, and other real estate-oriented show like ours. He’s been financially independent for a decade. His mission is to help people like you create financial independence so you can enjoy your life and the joy that comes with it. Tom, welcome to our show.

Thanks, Chris. I love your energy and that have a rich life thought. I am glad to be here. I’m sure I’ll be learning something, and what a great mission. That’s what we all want. We’re all humans. We all want to have control over our environment. That’s why we lived in caves first. That’s why we like indoor plumbing. Those of us now that have all that stuff want to control what we do with our lives and do what gives us purpose and meaning. That’s by creating some financial freedom and doing that through income that’s coming in without your effort or time

As humans, we want to control what we do with our lives and do what gives us purpose and meaning.
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Some people on here are financially independent, but I’d say most people are on this journey now. Tell us about your journey and how you even got there in the first place.

I was an athlete when I was young. I found out nobody was going to pay me to be an athlete. I became a sports medicine orthopedic surgeon. I decided to go be a doctor. In my training, I was watching the guys that I was supposed to be in twenty years and I didn’t like their life. They didn’t look happy. That’s not what I got in the game for. I decided I needed to find something else. I bounced around a bit and found real estate, which was the main thing that got me there. I started at square one with zero education. I learned as I made my mistakes and as I had a few victories along the way. It slowly built over time and I kept investing back in that business.

Over time, it didn’t make a huge difference. It then had this exponential jump. I got to a point where I was making more money in my real estate without having to put much mind share to it than I was as an orthopedic surgeon. That’s a fair income for most of you out there. Orthopedic surgery is a fair income. I enjoyed what I did. I loved being a sports doc. I just eliminated all that I didn’t like about medicine. I had a fun practice because I had the control to do that with the passive income. I did that for another twelve years. I hung up the scalpel about a year ago. That’s how we did it. I’ve had some partners along the way. I still have partners and still doing what I do.

I’m curious to get your perspective because like you said, you were looking at the doctors around you. Why didn’t you take the path of getting a financial advisor or someone from Merrill Lynch, Goldman Sachs, or something like that to help you invest your money? Why didn’t you go that path instead?

One, that’s what they did. These guys were on their second or third marriages. They were in the hospital late at night. They were moaning and complaining about not having control over what they were doing. I was probably more of a control freak. I wanted my stuff. I didn’t want to have to work with it because I was a doctor. I was busy. I needed something that fit that schedule.

The first thing I ever went to was a marketing seminar from a financial planning firm. These doctors are about to get out because traditionally, those docs are all going to have money and need to have a guy. You’ve heard that statement, “I’m an investor. I’ve got a guy. I prefer to have a professional do that rather than me having to worry about it.” Not necessarily the right way to go. They got me to look at the numbers. I understood the numbers and compounding and how that stuff worked. I applied that to real estate rather than put my money in the stock market. I don’t like to gamble.

Me neither. That’s one thing we have in common and that’s why we’re anti-financial advisors and pro-alternative investments because I was in that field. I was a financial advisor, teaching people how to do that. I realized over time that people aren’t becoming financially free. I’ve seen the evidence. I’ve seen what happens after decades of getting that advice and they’re still not there. You said the same thing and you’re coming up from a field where there’s great income. You can’t use the excuse of you’re not saving enough. You could save a lot more than the average American can, and yet you still saw that there was a danger there.

It gets called Parkinson’s Law, expenses tend to rise with income. They kept living that doctor’s life with the golden handcuffs. You keep your expenses at a reasonable amount and then get that. Doctors make a significant professional income, not all, but you can do very well. If you’re a doctor, what a great way to start your investing career, just don’t live at 110% of your income.

Don't live at 110% of your income.
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That’s a universal principle across the board. Can you tell us more about your experience and what you’ve learned? I’ve been through a few recessions myself and got banged up and beat around and learned a lot of things. When I was in my 20s and 30s, I was overly aggressive and overconfident even. Whenever there are changes in markets like what people are starting to feel today, a lot of times people start to wonder, “What’s next? How do I adapt to this? What have you learned over the last 25 years of doing real estate investing, especially when many people are thinking real estate investing is going to flop right now? What’s your perspective on that?

If you’ve only been in the business in the asset class for a decade, it’s like this has never happened. That was a long bull market. I said two great opportunities today. When there’s fear and a little bit of blood in the streets, that’s when somebody that’s prepared can make a lot of money. What I’ve found is that you need to step back and use a broader perspective. Everything is waves. Life and energy are waves, and so are the real estate markets, stock markets, and things like that. They all go up and down. This is normal and expected.

MORI 668 | Rich Life
Rich Life: Everything in life is waves. Energy is waves. This applies in the real estate and stock markets. They all go up and down, and this is normal.

I’ve been asked for years, “When do you think the recession Is coming?” I kept saying 2017. I was wrong by five years. We know it’s coming. It doesn’t take a rocket scientist to know it’s coming. It’s just when. This is normal stuff. There are always resets. It doesn’t matter who’s the president or the Fed does have some effect on things, markets are markets. I did have financial advice when I was young. I was told to buy zero coupon bonds to fund my children’s college expenses. That was a bust. I got out of that. I bought the mutual funds from the star mutual fund manager from the year before that tanked and lost 50% of my money in the stock market in 2001.

There was that run-up to the Great Recession. By the time we got to the Great Recession, to be transparent, I still had money in the stock market. It was just there. I had already stopped funding my retirement plan because I didn’t believe in it. I didn’t believe in the fees, the funds, and the restrictions. I gave them to my employees but I stopped doing them. I wasn’t much in the stock market. I pulled all my money out right before the Great Recession. The only time in the history world that Tom Burns has made a good decision in the stock market was when I got out. I did not get back in. I gloated as it went down to 6,700, and then stopped looking and kept doing real estate.

I still think I’ve profited fine since then. There’s been a great run-up. I learned some lessons in 2001 to not necessarily trust the advice you’re getting. You can trust it, but the financial advisor wants to feed his family. You want to feed yours. Given a choice, he’s going to feed his before he feeds yours. That’s not a bad person. That’s just life. In 2008, things were cranking along and I thought I was conservative. I had some mezzanine debt out at high-interest rates for short-term deals. Those short-term deals turned into long-term deals when the market went bad. I owed a lot of people 18% on quite a lot of money. I had to go out and get lines of credit from a bunch of banks. I paid all those people off and arbitraged it down to 4% or 5% at the time.

It took me a couple of years to pay those off. I missed the first two years or so of the sale post-Great Recession, the real estate sale. If you treat my investors right, they stick with you. That’s the main thing. If you run deals, always be transparent and treat your investors right. Be honest with them. Tell them when things are good. That’s fun. Tell them when things are bad too. You’ll find that most of the time, most of them will say, “Stuff happens.” Always be honest and I was honest with those folks.

I was certain I knew what was going to happen so I had everything laid out. I was mostly right. The one thing I was wrong is on what I expected to be getting income from. That also went dry. Expect the unexpected. We’re going into something now for sure. I’m a lot more seasoned. I got more of this gray hair. My question to myself is, what am I missing this time?

I’ve tried not to put my name on too much personal debt. Most of my debt is non-recourse. I have some things that are fully paid off, some real estate. That’s not smart when you’re thinking velocity of money. I’m okay with it. I got enough and that’s my real estate gold. If things go bad and those values go down, I can get money out of that. I call it digging a foxhole. I’ve dug a bit of a foxhole if things turn around. I’ve stayed in the market so that I can take advantage of profit opportunities.

I like the point you brought up because often when we’re talking about people here, they’re trying to get out of the rut. They’re trying to become financially free. Once you get there, it’s an interesting phase you move into, where you’re more focused now on the wealth and trying to stabilize things a little bit more. I like what you said there because it might be the time when having debt no longer serves you. You don’t need it anymore because you’ve already got to that point.

You can now start worrying about figuring out, I can build equity. Make sure you still protect it, especially from creditors, lawsuits, and things of that nature. You start to build that up. That’s interesting because that’s phase two. People try to apply phase two to phase one and say, I won’t have any debt. You just lost a big part of the leverage you could be using to help get you there faster and then pay your debt down faster too.

Good debt is vital to a growing portfolio. You won’t go very fast if you’re not using any debt.

MORI 668 | Rich Life
Rich Life: You won’t go very fast if you’re not using any debt.

What advice would you give to somebody who is a busy professional like you? If someone says, I won’t be creating my own deals. I’m more of a passive investor or I want to be a passive investor but I’m not sure where to go or how to do it,” what advice would you give them?

To be clear, for some bizarre reason, there weren’t any syndications around, at least that I knew of. I ended up doing my own thing. That has been my path. I’ve always been on the sponsor GP side. I do invest with others because sometimes it’s nice not to be the general and just be one of the soldiers and let somebody else go to all the trouble. You always have to do your due diligence. It’s easy to find things to invest in right now. It’s super easy. Is it easy to find good deals to invest in? It’s a little harder. I suggest to people a simple plan and it’s laid out in the book.

Number one is to figure out why you want to do all this. Do you do real estate because you love real estate or do you want the results of the cashflow that comes from real estate? For sure. Your why will keep you going because it’s not going to be easy. Get some education. Find out what you like. Maybe it is real estate. We’ll just use that as an example because there are a lot of other ways to make money. Get some education and find out which type of real estate you like. Read as many books as possible.

Listen to podcasts. You’ll get more book ideas and you’ll get more information from podcasts like yours, plus I like the way that you teach once a week. You send out an episode once a week with a guest. That’s awesome. There’s free education. We didn’t have YouTube. We didn’t have much of the internet. I had to walk to my real estate properties 20 miles in the snow. Everything is out there for you right now. That’s good and bad, maybe new things or ethically challenged people. There are a lot of folks out there that would love to take your money.

Listen to the podcast and then start understanding what you like. Something will come to you. It is a stepwise thing. Go to some seminars. Why do I say that? There is great information on the stage. I speak at things like that. A lot of people give good information, but what you get is the people in the crowd. It’s the side meetings, the drinks, the dinner or the lunch that you have on the breaks. You start meeting people and you get a lot of things from that. You get information. Find out what’s possible and what other people are doing.

You get motivated. It’s nice to keep getting motivated because it’s doing something that most people don’t do. It is not that easy. You do have to put some effort into it. You’ll find people to invest with or people to get to know before you invest with them. If you’re putting your deals together, you’ll find investors. It’s why you go to those to meet people and see what kind of value you can provide them, and friendships will grow. A step further, I’ll tell you what I did and what I do now for folks. I reached a point where I had bought some real estate. Things were going nicely. It was awesome. I had a friend who was a developer. I felt like I’d hit some sort of ceiling. I went to him and said, “I like what you do.” He was a guy I vacationed with and everything. I said, “I like what you do, will you teach me?” He looked at me and he goes, “You’re a rich doctor, you don’t need to know that.” I said, “That’s okay, I’ll do it.” I worked for him for about eighteen months with no pay.

See what kind of value you can provide to other people and friendships will grow.
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I had to cancel the office. I was willing to forego some income. I learned a lot. We did build the suits, land development, and a lot of things. That morphed into a very large project that we still own now, just him and I. I sought out somebody who had been where I was before and soaked up the information that he gave me. I’ve continued to do that. The coaching bill that I pay personally is over a couple of $100,000 a year. Seek out somebody who’s been there. Start with why like Simon Sinek says. Find somebody that’s where you want to be and do what they say. Do what they do. Keep at it and don’t stop. Persistence wins the game.

You got to have to know your end point where you’re trying to get to. You can’t figure out on a GPS the fastest route to get there if you don’t have point A and point Z. You can’t do that and you got to have that guidance to help also give you that little shortcut to where you’re trying to get to.

I have a friend who truly made enough money to exit orthopedics by being a purely passive investor. Find people you like. Find deals, find a niche that you like, and just keep doing it. Let somebody else do all the work. They’ll get a little piece of that pie. You get the majority of the piece of that pie. You can keep doing what you do best and just keep reinvesting that. Those investment returns, you keep reinvesting them back into that plan. Don’t go buy a Tesla with it. Keep the golden goose where it is. You make the rest of your money doing what you do. You’ll find that the scales will start sliding to where you have to do less work. You have more and more time to look at syndications and you can take it where you wish. You can do your own or just keep investing with somebody else.

I’ve seen that in my experience where it has that slow start. As you start to reinvest, there’s that little hockey stick curve or that exponential curve that goes. It’s fun when you get there.

It happened to me unexpectedly. I just looked and went, “Oh my gosh.” I was walking through the house and realized I’m making more doing that than I am fixing knees. It was nice.

Before I ask you our final question, I always want to know what you see as an opportunity coming up. You already alluded to this. You have people that are your own mastermind investor thing. Tell us about some of the services and where people can find more information about you.

It’s called the Rich Life Club. It’s based on people, deals, and adventures. I’m a traveler. I’ve owned property in Africa. I like to climb mountains and things like that. I want to bring people who want to do fun stuff like that. Over 30 years, I’ve run across a lot of people that do good deals and good operations. I make those available to those folks, and we do a lot of teaching. We’re teaching and guest speakers and things like that. People have done that for me and it’s a lot of fun. If you go to, that’s where you can get some free stuff and some information.

Be sure to check that out. That’s some great information you can get from there. Gleaning on Tom’s experience, it’s great. Go along with that experience. What do you see coming up? What are you excited about right now? As you’re saying, you’re seeing markets transition, which they always do. They always go in waves. Where do you see the opportunity for yourself or others even?

It’s interesting, my shop is doing primarily development and acquisition, but we’ve been heavily weighted towards development, which is great. It’s still going to be good. We all have challenges and all those. There are some supply line challenges and we have ways to hedge that. We’re seeing on the acquisition side, I can tell you over the past several weeks, somebody said, “When there’s blood in the street, there’s opportunity.” I guess Warren Buffett said, “Be greedy when others are fearful.” We are seeing some fear out there. Whether founded or not, it is dropping prices.

When we were looking at large projects, 360 units, it’s a 20% price reduction from where it was 6 to 8 weeks ago. Where properties used to trade for 10% above whisper price, they’re trading for 10% below whisper price. We had a letter of intent accepted and saw where things were going. It had been several weeks. We went in and got a 2% to 3% price reduction right before we sent in the deposits.

My point with those real-life examples is that some folks are fearful, folks that were new to the game. Over the last ten years, if you threw a dart and hit an apartment complex, you were going to make money. If the leverage was a little too high and if the business plan didn’t put in enough contingency, some folks are in a bit of a pickle.

It’s unfortunately for them, fortunately for those that are prepared. That’s where the opportunities are going to come. That’s one thing. There are alternatives out there. As interest rates rise, things change. You may see some owner financing come up more or financing options come up that happen in high-interest rate environments. You pay a little higher interest but you don’t have to go through the bank. There are alternatives in the oil and gas world. Oil is high right now. We are not going all electric for quite a few decades.

It takes a long time to make that transition. Alternative energy is a little spec on top of a stack of petrochemicals. That’s still good stuff. I was in a meeting the other day with very high net-worth folks. I’m not sure why I was in there. We had somebody from Washington who said that the Ukraine war is probably going to go 2 to 5 years. That’s what they were advised. Boeing and McDonald Douglas are spinning up. He said investing in defense if you’re in that market. That’d be one thing, commodities and of course, real estate.

If you can lock an interest rate and own a hard, hard asset such as real estate or some commodity that holds its value, as those dollars lose their purchasing power, your fixed rate is going to be paid with cheaper dollars. That’s going to hedge inflation for you and going to help preserve your capital, and make you money when and if a recession comes and then we come out of it.

That’s great advice. It’s good to hear how it’s transitioning. As you said, you don’t want to take advantage of the misfortunes of people because there are a lot of people that got greedy and lazy in how they underwrite and analyze deals, and figure out what’s a good investment. Combine that with CNN and all the fear-mongering, you’ve got an opportunity.

If you didn’t do the underwriting on that property, you got to do your underwriting and you put in a price that seems fair. There’s opportunity there and sometimes you’re helping those folks by getting it sold. At least it gets them under some debt that they might not be able to serve then in the future. We don’t know how long this is going last.

This may be just a short period of fear, not as founded as it needs to be. We don’t know that. My crystal ball is cloudy. I don’t know what the future’s going to hold. I’ve always found that if you stay in the market, you’ll know when things turn. This is how we have found these other deals. When you’re in the market, you know when things change. You can feel it.

I appreciate your time, Tom. This has been awesome. This has been great. They can get more information on Check out the information he has. If you want to be hiking Kilimanjaro, Tom is going to be your man too. I don’t know if you guys have done that yet, but that sounds exciting when you mentioned going to different places and exploring, and doing that kind of thing.

That’s the way I want to do it. Do stuff like that. When we have our meetings, we have one in some exotic place and people have options to go do some adventure stuff or some mild adventure. That’s where I get my jollies.

It’s that rich life. It’s not just about getting rich. It’s living that rich life.

It’s true. It’s about friends, your health, your spirit, and your community. Money is just one portion of a rich life.

I appreciate your time, Tom and everybody else. Be sure to check out his stuff, All of this is about the information. Remember, there’s opportunity everywhere even when there’s fear around. Look to see where there’s blood in the streets. Look to see where everybody is being fearful. That’s the place where we can be greedy. Go and make it a wonderful and prosperous week. We’ll see you later.

Thanks, Chris.

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Is FTX The New Enron? | 667 Wed, 07 Dec 2022 14:00:00 +0000 Many times we’re asked about infinite banking, “Why do I have to pay to use my own money?” The short answer? You don’t pay for YOUR money. That’s WHY we do it! In this episode, Chris Miles breaks down how infinite banking actually works, and how it compares to just investing your money from savings.… Continue reading Is FTX The New Enron? | 667

The post Is FTX The New Enron? | 667 appeared first on Money Ripples.

Many times we’re asked about infinite banking, “Why do I have to pay to use my own money?” The short answer? You don’t pay for YOUR money. That’s WHY we do it! In this episode, Chris Miles breaks down how infinite banking actually works, and how it compares to just investing your money from savings. Tune in as he discusses the right way to deal with bank loans, insurance companies, and tax returns.

Watch the episode here


Listen to the podcast here


Is FTX The New Enron?

Those of you that work hard for your money and you watch your money start working harder for you, you want that freedom and cash today, not 30 or 40 years from now so you can live that life that you love with those that you love. It’s not about getting rich. It’s about living a rich life because as you are blessed financially, you have a greater capacity to bless the lives of others. Thank you for reading. I appreciate you have been binging through these episodes like crazy. I know you got over 600-some odd episodes to get through. Good luck with that. I appreciate you binging on it. Most importantly, I appreciate you doing something about it.

Shout out to many of those of you that have already reached out to us. Many of you are looking to change your lives. I can’t tell you how much more renewed energy I feel because I know that you are taking this stuff and now you have hope, which is the core message I want to bring across here. There’s hope, this could be simple and anybody can do it. You have proven that. Shout out to our new clients that have joined our Money Ripples family. If you haven’t subscribed to this channel, subscribe today, especially if it was your first time on here. Subscribe, like this, and check out the other episodes that we have as well. You will love it.

The real question is, “Is FTX the new Enron?” For those of you too young to know what Enron was, it was from the day when I was in my twenties. For some of you, maybe you were a much older adult than I was, when I was a financial advisor, I came on the scene right about at the very beginning of 2002. It’s January to be exact. Right after the new year, I became a financial advisor, and already we’ve seen the market get hit.

Do you remember 9/11? It was a couple of months before this. Funny enough, the stock market was starting to recover after 9/11. Things were getting better in the stock market, but then big news starts hitting with Enron, WorldCom and all these companies coming out that said, “We’re broke. Sorry, we didn’t tell you. We lied about it. We cooked our books.” 2002 ended up being one of the worst stock market years ever. That was the perfect time for me to become a financial advisor. Remember when the stock market was tanking fast?

I remember I reached out to a few friends. I was young and fresh at college. Most of the people I was talking to at that time were my age. They were in their 20s or 30s, newly married or in young families. I remember one of my friends said, “You should talk to my brother. He was at Enron, but got laid off because the whole company went under.” I call up his brother. I was surprised to hear when I said, “My friend, your brother told me to give you a call. I’m a financial advisor. I love to talk to you about your situation and see how we can help you.”

The guy said, “I don’t know if you heard or not, but I was with Enron and got laid off. On top of that, my stocks are now worth nothing. I had over $1 million of stocks there. I am flat broke. I don’t want to talk about money to anybody right now at all that.” That was the first and last time I spoke with that guy.” I fell for him. He didn’t just lose his stock money, but he lost his job and what he thought was this beautiful nest egg was gone almost overnight.

When I ask, “Is FTX the next Enron?” which had been run by a 30-year-old kid, or if you had come more recent, is that the next Bear Stearns that creates this next collapse? I’m not going to say it is or it isn’t, but it’s great to know that this always happens in every market cycle. Things get greedy, especially in the markets. Everybody gets overinflated.

This guy’s net worth was $23 billion. He was one of the wealthiest men in the world. Now he’s completely off the radar. The guy is flat broke. He’s worth almost nothing. He went through bankruptcy filings. The guy took over. I’ll share this little interesting article here that I found on time, where the new CEO says, “It’s unprecedented.” It’s a bigger mess than even Enron. FTX is even worse.

Enron sparked a whole bunch of uncertainty in the market. The reason why the stock market tanked wasn’t because the economy was worse. The economy was no different. It’s because investors could no longer trust what the companies were saying about their profits. They didn’t know whether they were profitable or not because they were cooking their books. They started going and all the regulars started going in and hammering down on them, making sure everybody was doing it right. A small percentage had cooked their books.

Because of FTX, investors can no longer trust what companies say about their profits because they always cook their books.
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I don’t remember the exact number. Let’s say, 3% of companies were cooking their books or weren’t exactly honest in their books. That was enough to tank the overall stock market by about 22% that year. You got everybody to question everything. They say, “Are these stocks worthwhile or not?” We don’t know. The same thing here with FTX. People thought there was plenty of money here. It was safe, “I have my money stored here. My account says it has this balance.” Next thing you know, it is completely gone.

Another article I saw is about the person that was convicted, Elizabeth Holmes. She’s the Founder and CEO of Theranos, the health company that does blood testing. She got fined a $400 million special assessment. She is supposed to have eleven and a quarter years in prison starting in April 2023. It’s the same thing. She lost over $121 million of investors’ money. She raised $900 million from people that thought something was worthwhile and it was a great startup.

Even people that were in favor of her said, “Investors know they’re going to lose 90% of the time.” That doesn’t matter. The fact remains that even in her own words, she said once she is giving her a little forgiveness speech before she got convicted, “Looking back, there are many things I would do differently. I tried to realize my dream too quickly.” She tried to realize her dream too quickly. It bit her in the butt. It didn’t just bite her. It bit her investors too.

When we’re looking at FTX, the same thing happens. The reason why the guy that took over here was John Ray III. He’s the new CEO of FTX. As he’s going through, here’s what he says, “It’s a complete failure of corporate control.” Not to mention they were buying luxury items, houses and stuff for their employees. He said, “Never in my career have I seen such a complete failure of corporate controls and absence of trustworthy financial information as it occurred here from compromised systems integrity and faulty regulatory oversight abroad to the concentration of control in the hands of a very small group of inexperienced, unsophisticated, and potentially compromised individuals. This situation is unprecedented.”

In other words, he said, “The way they ran their company, they were like a bunch of kids and i****. I can’t even believe they did this. There were no corporate controls. They weren’t even doing their meeting minutes or anything that a company should be doing. They were completely reckless with their books and that’s why they’re gone under.” That’s the kind of crap we’re talking about here and what it leads up to.

MORI 667 | FTX
FTX: FTX ran their company like a bunch of kids. There were no corporate controls. They were not doing their meeting minutes. They weren’t doing anything that a company should be doing.


This is just the beginning. There’s going to be a wave of more companies and news like this and more investors losing money. Whenever this happens, this is when the regulars start cracking down some more, start punishing people, throwing people in prison, and every market cycle happens. If you’re invested in companies like this and you even got money involved in companies like this, your money is at risk. Especially now, even in the alternative investment space or in real estate, you got to be extra cautious because if a company’s not doing right by their books or they don’t have their financials in order, you are going to lose money.

Even if they have the best properties in the world, if they can’t run their numbers and books right, you’re going to lose. I remember the last recession. There was a guy I knew that real estate investor here in Utah who had over a $100 million “empire” and bought lots of properties. He would use investors’ credit and money to buy his properties, paying them very high returns on their hard money loans. Yet at the end of the day, he wasn’t cashflowing these properties. They were turning them quickly because they could flip them.

It was in a good bull type of real estate market where things were hot like they were for us in 2021. He was moving and flipping properties left and right. He could be sloppy. When they did the books later, about 97% of the properties had no renters. A lot of times the weeds were growing. The lawn wasn’t maintained. They were empty properties sitting there vacant. No one had anything to do with them. Long story short, he’s now in prison and investors lost tons of money.

Even though when they tried to liquidate the assets, it wasn’t enough, because of course the values dropped during that period of time. The models seemed great. This guy wasn’t trying to defraud investors. He wasn’t knowingly or intentionally doing that, the same thing with Holmes here with her company, Theranos. It’s not like she was probably trying to defraud investors, but you can get caught up in things and become blind when times are good.

This is something I’ve been warned about for a long time. When times are good, people are euphoric or get lazy, especially those that haven’t been through multiple market cycles that understand this, that have seen what happens every time this occurs, they get sloppy and lose money. This could happen to even the most experienced traders. You got to stay humble, knowledgeable, on top and flexible when this stuff happens. My warning is this. Know that there are going to be more companies like this in the stock market. I can think you’re going to see more of a crash like you saw even in 2002.

When times are good and euphoric, that's when people get lazy.
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The economy was strengthening after 9/11, but because no one could trust the numbers of those companies because people were cooking their books, the market suffered the worst during Y2K. You could be caught in that same place, especially if you don’t know what’s going on with your money or who you’re investing with. Does your financial advisor know who they’re investing with? They don’t know who they’re investing with.

If they’re even putting it into a mutual fund, they don’t know the money manager. They don’t know what’s going on. Even if they manage it themselves, they don’t know the company intimately to know if they’re telling the truth or not. They’re completely guessing. They’re completely shooting in the dark. They’re in the blind. No more knowledgeable than you are, yet why would you turn your money over to those people?

Money Ripples exist because of this kind of crap. We exist because we don’t want you blindly putting money in places, especially with people that are blind anyways. It’s the blind leading the blind when you put your money with advisors who don’t know what’s going on. When this stuff starts happening, your money suffers. Financial advisors are fine. They’ll lose a little bit in their assets under management, but do you know what they’re going to tell you? “Put more in. It’s on sale. Buy now,” so that they can keep their commissions up and their fees coming in while you suffer and lose money and could be set back 5, 10, 15, 20 years in your progress because you chose their path. I’m inviting you to choose a different path.

Choose one where it’s been vetted. It doesn’t mean it’s guaranteed, but it means that we’re trying to take as little risk as possible. Manage risk so that you know your control. You know the people you’re investing with. It’s not some random company that you’re investing with. If you’re a business owner and you’re investing in everybody else’s company, why would you invest in somebody else’s company you have no control over and have no knowledge about versus your own company where you can drive up your own stock price, revenues, profits, make more money and get yourself out of the rat race faster.

My challenge to you guys is to question it. Don’t believe that the news has got to be figured out. Don’t believe your financial advisor or even the companies that have these stock prices got it figured out. Your money is at risk and there will be a lot of people that will lose a lot of money here over the next few years because they were not prepared. You need to be prepared and make sure that you’re investing in the right places. If you got questions for us, reach out to us at Make a wonderful prosperous week. We’ll see you later.

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Why This Couple Still Create Passive Income Even When They Don’t Need It With Jared & Amber Smithson | 666 Fri, 02 Dec 2022 14:00:00 +0000 Is passive income necessary if you’re in a business earning residual income? Why do network marketers need passive income? In this episode, we’re joined by business power couple and health coaches Jared & Amber Smithson. They share why they continue to grow their wealth and passive income even though they don’t need to work another day in their… Continue reading Why This Couple Still Create Passive Income Even When They Don’t Need It With Jared & Amber Smithson | 666

The post Why This Couple Still Create Passive Income Even When They Don’t Need It With Jared & Amber Smithson | 666 appeared first on Money Ripples.

Is passive income necessary if you’re in a business earning residual income? Why do network marketers need passive income? In this episode, we’re joined by business power couple and health coaches Jared & Amber Smithson. They share why they continue to grow their wealth and passive income even though they don’t need to work another day in their lives. Plus, they talk about the trilogy of optimal health, diving deep into why it is necessary to be holistically healthy to move forward and change your life!

Watch the episode here


Listen to the podcast here


Why This Couple Still Create Passive Income Even When They Don’t Need It With Jared & Amber Smithson

Welcome to our show. It’s for you because you work so hard for your money and you’re ready for your money to start working harder for you right now. You want that freedom and cashflow today. Not 30 or 40 million years from now, where you get to roam with the dinosaurs once again, maybe or possibly, but you want prosperity today so you can live that life that you love with those that you love. Most importantly, it’s not about getting rich. It’s about living a rich life because as you are blessed financially, you have a greater capacity to bless the lives of others. Thank you for allowing me to do that with you today.

I appreciate you tuning in. You’ve been binging and sharing these shows. You’ve already put this in the top 1% of podcasts worldwide. Thank you so much because you are seriously the best audience that we ever had. As a reminder, remember to check out our website, On there, there’s a passive income calculator you can take today to find out how much passive income you can create in the next twelve months. Be sure to check that out, as well as if you haven’t done so, check out our other YouTube channel, the Money Ripples Shorts page. We got lots of short content for you right there.

I’m bringing on somebody that’s extra special to me. It’s not just because we’ve been friends for 7 or 8 years now, but Jared and Amber Smithson. You are going to find out how amazing these people are. They’ve been clients of ours for many years. Most importantly, these guys are amazing examples of success in business, their families, their personal life, and their financial life too. I’m excited to have them on to share their journey and share a little bit of the things that they’ve learned both in their business as health coaches, as well as what they’ve done financially for themselves too.

To give you a little bit more background, they have their own health and wellness coaching company that they’ve done. They’ve been in this now for several years. They’ve helped thousands of other health coaches be able to prosper and grow their businesses, and do amazing things in this space. They also help talk about the things that we like to talk about, which is prosperity specifically in three key areas, which are mind, body and finances. They also have three great kids. One is going to Kansas here pretty soon, and they also love playing pickleball in their spare time half a mile down the street from me. Welcome to our show.

Thanks for having us, Chris.

I should have mentioned you were total D1, almost like professional volleyball players too, and have been for many years.

We would like to think, and that then we play against actual D1 players and we take it in the face.

I don’t know about that because Jared and our son, Trent, took second in a AA tournament, which that’s the top. He did some game point and took an actual ball to his face and was bleeding.

When you were saying you’re taking it to the face, you were being very literal about that, weren’t you? That’s awesome. Congratulations. That’s incredible. I remember I played volleyball in high school in PE class a few times and that was pretty cool. I can rock a badminton racket. Maybe that’s about it. It’s a lot slower pace when it starts going up and floating down. Tell us how you get on this journey, especially as entrepreneurs, in the first place. Let’s hear about that and how you became healthy.

We were struggling financially. It was about fourteen years ago that we hadn’t made a house payment in over six months. We were just waiting for the bank to come knocking on our door and say, “Get on out.” We were struggling. We were stressed out of our minds. We had our identity stolen to the tune of over $100,000. We didn’t know what to do, honestly. My mom introduced us to the health and wellness program that we coach now. She said, “You need to do this,” and we jumped in with two feet. Fast forward to almost fourteen years, it’s a complete 180 in our body, mind, and finances. It has been fun.

It goes back further than that though because as you mentioned, we have three kids. After our second son who’s about to head up to Kansas for the next couple of years was born, Amber was holding onto that baby. She didn’t feel like herself. She was dealing with some postpartum depression. It was bad. We are looking at all the real things that happen in life. We’re like, “How do we get through this?” She started focusing on that one aspect. We call it the trilogy of optimal health, which is body, mind and finances.

MORI 666 | Passive Income
Passive Income: The trilogy of optimal health: body, mind, and finances.


She started to focus on her body. She changed her nutrition and created these consistent habits around moving her body and exercising. She lost about 35 pounds. She was feeling fantastic. She’s like, “Jared, you should do this with me and stuff.” I try her little stuff for a couple of days. I’ll be like, “This is too hard.” I spent 90% of my working hours in my car traveling. I couldn’t do all the food prep that she was doing at home. She was running a web development business. Fourteen years ago, we were in the middle of a recession.

The government, society, the news and stuff are talking about a recession now. I don’t know if people are aware of this. This is the longest period of time in the last 100 years between recessive periods. The average is 5 to 7 years where we get a drop and a recessive period. It’s been so good for so long that people are like, “Whoa.” We’ve been feasting for so long and now people are scared because we have that short-term memory loss.

It’s a perfect time, in fact. For people, they start going, “Maybe I need to talk to someone like Chris. Maybe I need to have these principles. Maybe I need to make extra money or do better things with my money.” We’re happy that we found you those many years ago, Chris.

It’s incredible because you had a huge turnaround story. It wasn’t just financial. It was physical, emotional and mental. You did the full transformation. Do you get people sometimes coming to you thinking, “If I do this or if I exercise more, my life is going to be perfect?” Do you get people like that still to this day?

I was one of them. I was a collegiate athlete. I knew exercise. I knew getting in the gym. At the same time, they were trying to put weight on me. I knew how to eat like an athlete. When I stepped away from competitive athletics, I was still eating like an athlete but I wasn’t as active all day long. I gained 50 pounds. I blame it on her. I’m like, “I got pregnant three times with my wife. I just never had any babies.”

It’s that pregnancy weight that you gained.

A lot of people think, “I just need to exercise my weight off.” Exercise is a component of it where it can tell you to move your body, but it’s the mindset part of it and seeing that long-term change.

Whether it’s with your body, your mind, or your finances, you can’t go to the gym once a week or once a month and expect transformation. What’s going to happen if you go to the gym once a week is you’re always going to be sore. I don’t believe in being sore. Amber mentioned that my nineteen-year-old son and I took second in this big tournament.

People are like, “I hope that I’m able to move when I’m 48,” and I’m still competing. It’s because I don’t believe in being sore. I believe in moving my body every single day and doing things and raising challenges incrementally so that I get better and better because I’m committed to, “What am I doing for the next 90 days?” In my life, it’s paying your quarterly taxes.

What are the next 90 days so that I can be ready for the next 90 days and the next 90 days? It’s the same thing with finances. It’s like you don’t make financial changes one day in the financial gym. You have to do it. You have to make these commitments to your daily lifestyle to create any transformation in your life.

It’s funny because you bring up a good point about some of the pieces that people are missing. They think it’s easy to do this or do that, or maybe you’re blessed with beautiful genes. You were athletes before, so you can become athletes again. It’s so easy. I’ve never shared with you this before. I don’t if you recall. The first time we went out to dinner, we did a double date. We almost had a fifth wheel too. We’re out for pizza and everything.

People may not know this on the show. At that time, I was over 30 pounds heavier. I was quite inflamed. My body was inflamed, not because I wasn’t exercising. I was still exercising, running and doing all the things I do today, but my diet and my nutrition were out of whack. I remember my bladder was filling up. I didn’t want to be rude and leave, so my bladder is full. You can’t suck it in very well.

I remember my wife at that time made a comment. She’s like, “Chris, suck in your stomach. You look fat.” She said that right to me as we were about to say our goodbyes. I’m like, “I got to go to the bathroom. Once I do, I’ll be able to suck it in again.” Maybe that’s a little TMI for people but it’s true. I didn’t know at the time as well as I do now, which is that nutrition is everything. That’s the foundation.

As you share that, I get emotional about it because I was in the same place. I’m 6’2”. When I graduated from high school, I weighed 158 pounds. Dripping wet and a size 13 shoe. I was playing basketball for eight hours a day. I was practicing but then I loved the sport dearly. After practice, I would go play pickup ball with my friends. Late at night, I would break into our church and I would shoot 500 more free throws that night because I loved the game.

I was also a size 13 shoe. Fast forward to 35 years old, when I had gained 50 pounds and I lose that 50 pounds. I was eating like junk when I was 16, 17 and 18 years old. I was young. I had good genetics. I was exercising for eight hours a day and stuff. I was eating thousands of calories and tons of sugar. At 35 years old, I lose 50 pounds. I am a size 12 shoe. I lost a full size in shoe size because of inflammation in my body that I had since I was a teenager.

I would add he stopped snoring. I was happy about that.

I forgot I used to snore too.

I didn’t become fat physically just because I was eating too much or eating too much of the wrong stuff. My fat physical condition was because of my fat emotional condition. I had been living and suppressing a lot of emotion and stuff like this. Anytime that we have those skeletons in the closet or whatever we want to call them, the monster under the bed or the suppressed child in the basement.

My fat physical condition was because of my fat emotional condition.
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When we start to be able to come face to face and invite those skeletons to our table, have conversations and learn the wisdom that those emotions have, we get to move beyond it. Down in the closet or the basement and stuff are things that are running our lives. When we invite them to the table and learn from them, now we get to gain wisdom from them but they’re no longer running the show. I used to eat because I was lonely, scared, tired, depressed and stressed or whatever. Now, it’s my goal to never emotionally eat. I might eat a dessert or something like that but it’s out of choice, not because I’m feeling something and I’m trying to get rid of that feeling.

You’re burying the feelings or eating the feelings up. I know people are going to be asking this because there’s a variety of people in the audience. If somebody wanted to learn to know the information you know or even to teach people how to do it. I know with your system, I’ve seen health coaches make a lot of money where the average person doesn’t. You have a whole system in place. I know there are two different types of people. Some people are like, “I need to lose that weight.” There are other people saying, “I also want to help others do the same.” What’s the best way for them to reach out to you to do that?

The best way to reach us is through our website. If you go to It’s going to have an online health evaluation. Fill that out. Jared or I am going to call you. We don’t need to take on personal clients, but our mission is to help people to move forward in their bodies, mind, and finances. We still take on personal people, both clients and teaching people how to have a home-based business because it has changed our lives literally.

MORI 666 | Passive Income
Passive Income: Our mission is to help people move forward in their bodies, mind, and finances.


We’ve seen it change thousands and tens of thousands of other lives.

We’re not talking about magical juices or berries at the bottom of the volcano. This is an actual program that you’re going to move forward with. You’re going to get better.

That’s true. I believe it. That’s where we align a lot because you are doing this financially. You don’t have to keep doing this. You could stop and let your business do its thing and you are perfectly fine and yet, you keep going because that mission or that calling is pulling you along.

We’ve been retired from our full-time jobs for over a decade. We still have that drive. We still want to do this. It’s not just because we want active income. We have residual income and also passive income through what you’ve taught us. It just drives us.

To add to that, one of the reasons that we started working with you is because we’re coaches ourselves. We life coach, health coach, and emotional coach people to reach their potential. The cool thing about potential is once you reach what you think your potential is, you see the next peak. You see even more potential in yourself. If you want to get better at anything in life, find yourself a coach. Chris, you and I were in the same business in the financial industry before we did what we do now. You said there’s a better way than traditional financial planning or advising.

The cool thing about potential is once you reach what you think your potential is, you see the next peak and even more potential in yourself.
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He’s the anti-financial planner.

We went to you. We were like, “Chris has relationships. He knows how to put people in the same rooms with each other.” You’ve introduced us to people like our CPAs and different investments, and you’ve been our coach. You’re not just telling us what to do. You’re asking us, “What do you want to accomplish?” You’re helping facilitate this plan for us. We do the same thing with people’s health and with their finances if they want to help other people. The best way to help some help yourself or do something is to teach it to somebody else.

This is why many of our clients become coaches because people start to see them and see their passion for living. It’s the old adage that most people die when they’re 75 or they die when they’re 25 but they get buried when they’re 75 or choose whatever age you want. I want people to be fully alive every single. We wanted our money to make money, so our daily work is purpose-driven rather than money-driven. We get to live in our genius every single day because we don’t have to work every single day just for income. Money can go make money. That’s why we went to Chris because he’s the best at creating passive income.

That’s one thing I want to dig into a little bit with you and your mentality behind that. You have a very comfortable life. As you said, you don’t have to take on a new client at all like myself. We don’t have to take on new clients at all. I’m going to call specific groups of people, especially those in network marketing and direct sales. A lot of times they’ll tell me, “I’m taken care of because I’ve got enough residual income to pay forever.” That’s cute and all and it’s true. They do have that coming in. From your perspective, why would someone like that want to keep creating passive income where they get money working for them versus keep taking in residual income? Why would you have passive income as well?

For me, comfort is the killer of dreams. It’s people’s unwillingness to get uncomfortable in their life. I love Kobe Bryant. I heard him one time say this when he was getting ready to be inducted into the Basketball Hall of Fame. He said, “I realized late in my career, the championships, the MVPs, the scoring titles, all these things wasn’t the dream. The dream was the 4:00 AM workouts that I was putting in to create all those things.”

Comfort is the killer of dreams.
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For us, when you help someone else create something, it’s like having kids. My kids have accomplished some of the same things that I accomplished at their ages. Maybe it’s in different sports or academics or music or something like that. When they accomplish it, it brings me so much more joy than when I accomplished it myself. When you achieve something, you cross that metaphorical finish line and you’re like, “Where’s the ticker tape parade?” It’s so short-lived. It’s a moment in time. What am I going to create next? Who am I going to help next? I find so much joy in teaching someone how to fish rather than just giving them a fish.

I’ll answer your question, Chris. I think it’s fun. It is so fun to invest your money because I am an investor. I invest in different things that you bring us. I invest in relationships with people. I invest in my physical health, my mental health, and my personal and professional development. I see myself as an investor and it’s too fun to not do it.

We used to be consumers of relationships, health and finances. We flipped our lifestyle over and said, “We’re going to be investors in these things rather than consumers.” The coolest thing in the world is an investment account grows a consumption account. If you’re like, “This is my checking account and this is where I draw money out to pay my bills and do fun things and stuff like that.” You’re always playing this game like, “Do I have enough?” It’s an investment in anything. In any of those accounts, relationships, finances, health or whatever it is. When you have this investment mentality, it continues to grow.

MORI 666 | Passive Income
Passive Income: When you have this investment mentality, it just continues to grow.


I love that. I call it the creator mindset versus the consumer mindset. You’re trying to create something more versus just consuming it. As you said, it almost runs down your assets. That can be running down your relationships or your health over the years. It’s not creating more health. It’s running down your health. It’s running down those relationships rather than creating better and higher quality amazing relationships. Any final thoughts you have about anything we’ve talked about? This has been such a great conversation. I don’t want it to end.

A final thought I would have is we love connections. Maybe for one of your readers, it’s not for them. They don’t want to connect with us and have them coach with their healthy body or healthy mind, but you might know somebody. You might know someone who could benefit from that. We love making connections with people. We might know someone who could help them in their business because that’s what it’s about. It’s that abundance mindset. I can’t stop connecting with people because as I said, it’s too fun.

I’ve had several clients. You guys have been to our events and our masterminds and things like that over the years. There are people who are like, “Thank you so much for introducing us to Amber and Jared. It’s been so nice to be able to get to know them.” Sometimes they’ve even taken different career paths as a result of meeting you. It’s true. I agree. You have a very wealthy type of relationship to have in life.

Thanks for having us, Chris. We feel the same towards you.

I appreciate that. As we always do, everybody. If you want to connect with Amber and Jared, we’ll put that link in If this is something that spoke to you, whatever it is or whatever that little whisper is telling you to do, take action on that immediately. Don’t wait. Don’t go listen to another show. If you have to write it down, send an email and do whatever you got to do. Visit or whatever you need to do. Go and take action so that your life changes today. It’s not about what you know. It’s about what you do, and then that wisdom grows with it. Make it a wonderful and prosperous week. We’ll see you later.


Important Links


About Jared & Amber Smithson

MORI 666 | Passive IncomeAmber & Jared Smithson have been married for 24 years, and have worked together coaching personal clients in the health and wellness space as well as training coaches to have their own home-based business. They’ve helped thousands improve their trilogy of optimal health: body, mind, and finances. They have three children and enjoy volleyball and pickleball in their spare time.


The post Why This Couple Still Create Passive Income Even When They Don’t Need It With Jared & Amber Smithson | 666 appeared first on Money Ripples.

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Why Do You Have to Pay For Your Infinite Banking Money? | 665 Wed, 30 Nov 2022 14:00:00 +0000 Many times we’re asked about infinite banking, “Why do I have to pay to use my own money?” The short answer? You don’t pay for YOUR money. That’s WHY we do it! In this episode, Chris Miles breaks down how infinite banking actually works, and how it compares to just investing your money from savings.… Continue reading Why Do You Have to Pay For Your Infinite Banking Money? | 665

The post Why Do You Have to Pay For Your Infinite Banking Money? | 665 appeared first on Money Ripples.

Many times we’re asked about infinite banking, “Why do I have to pay to use my own money?” The short answer? You don’t pay for YOUR money. That’s WHY we do it! In this episode, Chris Miles breaks down how infinite banking actually works, and how it compares to just investing your money from savings. Tune in as he discusses the right way to deal with bank loans, insurance companies, and tax returns.

Watch the episode here


Listen to the podcast here


Why Do You Have to Pay For Your Infinite Banking Money?

This show is for you, those that work hard for your money, and you want your money to start working harder for you right now. You want that freedom and cashflow now. Not 30 or 40 years from now, but right now so you can live that life that you love doing what you love. It is not about getting rich. It is about living a rich life because as you are blessed financially, you have a greater capacity to bless the lives of others.

Thank you so much for tuning in. I appreciate guys binging on this show. You have been sharing it with others. You have been talking and creating more powerful conversations, and I love it. I love seeing you guys grow, apply it, and get results because that’s the whole reason why we even exist now. Otherwise, I would be sitting fat, happy, doing my own investments, and doing my own thing.

It is because of people like you that kept me inspired to want to keep going forward. Thank you for allowing me to share and create that ripple effect through you guys. As a reminder, if you have not done already, go to our website, Take the passive income calculator now to see how much passive income you can create in the next twelve months and next year. Be sure you check that out right now.

How amazing would it be if you could create monthly cashflow passive income from making at least double-digit returns on your money? It is only $1,000 or more that you need to invest. That is exactly what Secured Investment Corp does. They do short-term lending to real estate investors. That is backed by real estate that you can return double-digit returns on. That means 10% or better. It is also IRA friendly and you can even reinvest those monthly distributions to create compound interest on your money too. If you want to learn more about that, go check out

I get into a topic, but we haven’t talked about infinite banking for a little while. I had a friend who is a successful real estate investor and he asked a great question. It’s one that I have heard before and it needs to be addressed. He was almost upset after he learned about it because he had heard about different people, but it never quite made sense. After I started showing him better numbers than what he has seen from other infinite banking types of specialists and gurus out there, he was like, “Chris, I still can’t wrap my head around this. Why would I pay for my own money?” I said, “That is a great question.”

The funny thing is his wife was the one that answered it correctly. She was like, “Honey, this is easy.” That is the way it is. Sometimes it is spouses that get it better than some of us men. I have noticed that in many cases coaching over the years. To answer his question simply, and this is what I told him, is, “You are not borrowing your own money. You are not using your own money. That is the whole point.” This is the lie that people hear when they hear about infinite banking. They say you borrow from yourself. That is 100% false. It is bull. You do not borrow from yourself. It doesn’t even make sense to do that.

The real question people are asking is, “If I can take my money and invest it, why would I run it through an insurance policy where there are going to be some insurance costs coming out of it first before I can invest the rest? Wouldn’t I eat in my cash that I could be using to invest and create more passive income? Chris, doesn’t that contradict the things you teach about?” The answer is, from that perspective, yes, it does. I would say wrong. For many years, I had that same debate as you did, which I’m like, “It doesn’t make sense. We are paying all these fees. I get the death benefit, but what about my life now?” That is what I’m going to address here.

Not An Investment Account

This is a supercharged savings account. This is not an investment account. Do not ever think this is an investment. It is tax-free savings account if done properly. It is, in most states, protected 100% from lawsuits and creditors. It also doesn’t show up on your FAFSA or financial aid form when you are trying to apply for a kid’s college or for your own.

Many people, including the guy on our team, paid for his college to do it that way. His dad is a successful entrepreneur. He started a lot of businesses here in Utah. The one thing he taught his son when he was eighteen. He said, “Son, I wish I knew how to do this strategy twenty years prior to when I learned it.” The guy is only in his 50s and going now going into his early 60s. That is one of the big things right there. It is protected, tax-free, guaranteed growth, and much better than your point-nothing percent savings account, with no stupid limits or penalties. You don’t have the 59.5 rule, and there is bank leverage and access to cash now. That is what I want to talk about.

When you put money in, the best way to do this is to pay into this on a regular basis for at least 5 or 10 years if you are going to max fund it. We show people how to max fund. If somebody wants to put in $20,000 a year, it is great. That is $20,000 a year they put in, but that is not the minimum required premium. It is usually at least a quarter of that. It is less than $5,000, sometimes even less than $3,000 or $4,000, depending on the situation.

That is the situation we have, where you have a big range. You can put in anything from the max all the way down to a quarter or a fifth. Whatever that max is, that is your minimum. There is this extra ability to put in. This is not a high-def benefit policy. You are not paying a lot in insurance costs. It mostly goes to the cash value. Generally, at least 75% to 80% in the first year will go right to a cash value that can be used.

It is front-loaded, unlike term insurance. Term insurance gets more expensive over time or gets cheaper over time. She gets less expensive. Those first two years or the most expensive years. If it is done right like the policies that we do, usually by year 3 or 4, it is paying for itself. It is making more than what the insurance costs are coming out of it. Therefore, it is like a tax-free savings account. It doesn’t mean that there are no costs. It means that the interest you are earning, which is usually at least 5% to 6% tax-free right now, is offsetting the cost of that policy.

How Infinite Banking Money Works

Here is how it works and just so you know, if someone doesn’t have $20,000 a year, we don’t recommend putting that in. I also don’t recommend putting all your paycheck in here. If people teach you to do that, it is a complete lie to help sell them more insurance to make bigger commissions on you, but it costs you more money. Don’t do that. Don’t put all your money in.

I see some guys out there that are infinite bankers. They dump $200,000 to $300,000 at once and pay little after that. Don’t do that strategy. I would say 99.5% of the time somebody asks me to do that strategy, I generally recommend against it. Yes, that means I get paid less in commissions. The reason is because it means you make more money. I’m not a fan of that strategy, although there are infinite bankers that are insisting that is what you do. Just know this, even if they do it this way, most infinite bankers, even the good ones, usually you are paying at least 25% to 30% in the first year, sometimes 40%.

Think about it. You shouldn’t put in $200,000 that first year. That first year is the most expensive year, ironically enough. If you throw that money in, you are going to be left with maybe $120,000 or at best, $150,000. Even in our situation, where we have the highest cash return guarantee that we try to do to have the least cost with the amount of money you are putting in, you still might have $160,000 in there. Still, that is $40,000 with the costs. You don’t want to do that. You want to do it to where it is something you can put in more evenly spaced out over time and invest the difference.

What I generally have people do is I have them say, “If you got $250,000 in cash, let’s only take $40,000 or $50,000 of that. Invest that and take the $40,000 or $50,000 and put that into the life insurance. It was the savings of vehicle there. The other $200,000 you go and invest. That means you are making at least usually $20,000 a year in passive income returns that will help pay for that policy. Maybe you could put in up to $40,000 or $50,000 a year, but the minimum is only $10,000.”

The great thing is if you have cashflow coming in and you got enough money to save, it may not be long, especially with the way the cash is growing in there. You could be using that to invest. It may not be long where that will be able to pay for itself because the passive income you are earning could be paying for their premiums for you. It is not coming out of pocket per se. It is reinvesting the cash you have been using anyways.

Most people take cash and put it into investment. The cashflow from the investment comes back to them into their checking or savings account, making nothing. We are saying they are doing the same thing, but instead of putting it back into your bank account, which is tax and earns point-nothing percent, we are saying, “Take this money instead, put it towards your life insurance.”

Here is what the difference is. The dollar goes into the policy and you take a loan against the policy. This does not mean that if you loan, you borrow your own money. What it means is that a high cash value policy is still there. Let’s use the example where you may be put in $50,000. There is now $40,000 in cash in there. You are not going to pull $40,000 out of that policy. That $40,000 is going to stay there, earning tax-free returns. At the same time, you get a line of credit against that policy.

It is like with your house. If you get a home equity line of credit, it is not like you are pulling cash out of the house. You are going to the bank and saying, “I would like to use the equity as collateral. Can you give me money based on the fact that there is enough equity in my home?” They will say, “Yes.” Granted there is a difference here. When you pull in equity at your home, it is money that is invisible to you. It is money that you never had, and now it is there.

Here is the money you have put in and you are accessing money, but here is why instead of withdrawing it, which is an option, you can withdraw it like a savings account. The reason why we borrow from the insurance company instead is because we want the money in the policy growing faster than the interest you are paying on that loan. That is the difference.

If you take money out of savings and dump it into an investment, the money is only being made in the investment. That is for the cashflows being made. If you pull all the money out of your savings account, you are not earning any interest in that savings account anymore. That money is only being made in one place, in the investment.

If you do this strategy where you get a line of credit from the insurance company and you pay it back however and whenever you want as long as you pay it back by your death and they take it out your death benefit and give your family the rest tax-free, you pull that money from them, your money is still in there growing. That $40,000 are still making tax-free returns. You might take $30,000 of that and invest it. Let’s say you are earning $3,000 to $4,000 a year of that money, great. You use that to pay towards that line of credit.

MORI 665 | Infinite Banking Money
Infinite Banking Money: Doing this strategy gets you a line of credit from the insurance company. You pay it back whenever you want as long as you do it by your death.


Why do we do that? It is like that velocity banking strategy some of you might have heard of where people will get that home equity line of credit. They invest that equity. They use the returns from that investment to pay down their mortgage and pay down faster. We are not paying down a mortgage. We are paying down that line of credit you use. You can use it again. You can run it up again because you pay down that interest or principal. Less interest gets charged, while on the opposite extreme, your money is compounding interest.

If you earn 5% and you are charged 5%, just because you are paying down the loan balance and the balance of the count is going up, it compounds. This one goes with simple interest. If it goes down over time, you make more money. Even if they were to the same interest rate, you compound more money. Meaning you have made money in two places at the same time. That is why you are not borrowing your own money. You are not paying to use your money. You are getting leverage off the bank to use their money.

You are doing the same thing that the bank does to you when you put your money into a savings account. They are not letting it sit there and do nothing. You don’t know that because you go in and you pull it out, you were like, “It is like it was there the whole time.” Don’t brush the dust off. That is not the case.

What is happening is that they are taking that money and they are loaning out even more than what you give them. They are loaning that out to earn a higher interest rate. That is why they will loan it out on auto loans. They are earning now at least 6%. We got mortgages at 6.5% to 7%. and credit cards at 13%, 15%, 18%, to 20%. They are loaning out that money while paying you piddly point-nothing percent.

It seems unfair but the truth is the bank is smarter than we are. They are doing the same thing that I’m telling you to do here. Turn the tables back around on them where now you are leveraging that money at a lower interest while you can earn a higher interest on that money and yet still invest it. You still earn money in the investment earning more than you pay them anyways and you are earning money inside your policy at the same time in that tax-free savings account. You earn money in two places at once. What is that like? That is almost like having a home equity line of credit that also pays you interest and you can go and invest it. That is what it is like. There are costs to this. This doesn’t always work in a vacuum, but when done right, it works awesome.

Hopefully, that answers your question. No, you are not paying to use your money. You are paying to use the bank’s money or the insurance company’s money, and at the same time, they are still paying you on your money too. The trick is you got to beat it. Many times, people will say they get analytical into the numbers. They will say, “I want to see the numbers. How does this work?” I have some people who like to say, “Show me the difference. What would happen if I used my savings account versus investing with this?”

We know it is not apples-to-apples because you are getting a death benefit from this. You are getting other benefits from this life insurance. Legally, I’m supposed to say the number one reason for life insurance is for life insurance, the death benefit. I like to talk about the life portion of it, which is the cash value portion, but the truth is there is a death benefit there.

If I were to do this apples-to-apples, I would probably say, “Let’s use the whole buy term invested difference with Dave Ramsey.” Here is the deal. There are plenty of videos on that already. There are plenty of people who have already said, “Buy term and invests the difference.” You pay more on the term, especially over time, and you lose money. Whole life is still better, and that is with inferior whole life policies. It still works out better.

This is according to the internal numbers that they tell us as insurance agents. They say, “Usually, 1/2 of 1% to 1% at most ever pay out when it comes to term insurance policies.” They rarely ever pay out and they are cheap. They are easy to sell. Why do they market them so much? It is because they are a big money maker. That is great for you if you are a whole life policy-holder in a mutual company.

MORI 665 | Infinite Banking Money
Infinite Banking Money: Insurance agents say that only half of 1% at most ever pay out regarding term insurance policies. However, they are still marketed so much because they are big money-makers.


If you are in a mutual company versus a usual stock company like MetLife or these companies that have stocks, all the dividends get paid to the shareholders. With mutual companies, you have heard like MassMutual, Northwestern, Guardian, Penn Mutual, or anything with a mutual inside of it. Those mutual companies are owned by the members. Those members are the policyholders. It is like a credit union versus a bank. Credit unions usually pay more because the members own or have voter rights in that company.

The same thing is true with mutual life insurance companies, where you have voter rights inside that company. They pay the dividends of the profits of the company back to the whole-life policy owners. The way they are able to pay dividends is because they are making profits. They already schedule it in there anyways when they try to return some of that premium to you. They also make returns off their money, off of their company’s profits, and you make returns off the money that they are investing too and get paid on it.

Buy A Term And Invest A Difference

Many people will say, “What if I didn’t buy a term and invest a difference? What if I didn’t buy any term at all? What if I compare my savings account to using whole-life?” The savings account will win early on and you are 100% correct. The savings account will win in those first few years, but over time, maybe not so much.

Let me show you what I mean. I wanted to use real numbers. I use my own life. I’m a 45-year-old healthy male. If you are a female and you are the same age or even a year older than me and you are healthy, you will probably get better numbers than me. If you are male over the age of 45, the numbers won’t be as good on the whole life side. Progressively less. It is small by fractions of a percent. If you are younger than a 45-year-old male, these numbers are even better than I’m showing you.

Nothing is guaranteed. This is based on current interest rate environments as they are starting to climb. We haven’t even seen an increase in whole-life dividends yet. If the interest rates do keep staying up higher, it is good news for you if you have a whole life policy. They will pay you higher dividends than what I’m even projecting right now in my own situation.

There has not been an increase in whole-life dividends yet. But if interest rates keep going up, it is good news for everyone.
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I want to use somebody who I mentioned before, maybe had $250,000 that they went and they invested. They make a passive income of $25,000 a year or a 10% return. It is common for our one-on-one consulting clients to get. Ten percent is the baseline for many of the deals that they are doing. That $250,000 they are investing. They are not dumping in this policy. They are investing it to make $25,000 a year. This is true for both the savings account person and for the whole-life person.

The difference is that this person is also saving an additional $30,000 a year. They stopped funding their 401(k) to try to max fund it. Many of our clients are the clients that have put in a large percentage, maybe 10% or even more. Sometimes they go up to the max and they give the match on it. I want to show someone who has been putting away $30,000 a year and they are getting $25,000 a year from their investments. That is $55,000 a year. That is where this number comes from.

If you are in a savings account that first year, you get $55,000. That makes 10%. It gives you a $5,500 increase. That means they went from $25,000, from the $250,000 they invested last year, the first year. Now they got $55,000 more plus the money they have been putting away. They got $30,500 so I keep reinvesting that.

After ten years, even if you only made a 10% return, this is good to know. Even for those that are considering hiring us consultants to strategize a game plan, 10% is at the low end of what many of the returns are on these investments. Even in this person’s situation, they went from $250,000. If you try to do the traditional financial planning there, you are pulling out $7,500 a year.

Instead, now we are getting a lot more. That can get them up to $112,000 after ten years. No guarantees. It is based on numbers. This is purely for illustration purposes but no cost coming out. I didn’t even take out taxes. I had left taxes out of the equation here. I let it grow unencumbered. It is $112,000 a year after 10 years. Not bad. That is over $9,000 a month.

What about using the whole life? If you put in $30,000 a year, part of that is going to come out. You will have about $24,000 in cash value. Of that, you can access $22,000 in change. I rounded down to $22,000. This person put in $25,000 from the passive income they made from the $250,000 plus a $22,000 loan.

That means that they invested a total of $47,000. That increases the cashflow by $4,700 a year. I also took out interest charges. This example is someone who didn’t pay back the loan. They paid the interest only. They kept the cashflow to reinvest again. That means they have $3,600 they can apply to their amount the next year. Now they have $52,600 to apply with their cashflow and everything else and so on. It keeps building.

This is again using life insurance. They use the cash value that is available. It ended up being about under $112,000. Notice there is only a $700-a-year difference from the savings account. Even though they are only paying back interest only on loans, they still come out about breaking even as if you almost had free insurance. That is huge. They found this up by this point was close. It was somewhere between $700,000 to $800,000 by this point. It was a death benefit. It’s $111,000, almost $112,000. This one was $112,000.

The third example is the one we recommend. You take the entire cashflow and pay down that line of credit. You can use it again. The difference is you pay down the line of credit versus the money you are already paying into this plan, $30,000 a year max funding it. The minimum on that is $7,500 a year. It pays down faster. By the end of 10 years, you have $121,000, almost $122,000. You have about $9,000 more than the example where you only did savings, not even buy term and invest the difference.

Use a savings account with no cost coming out compared to doing it with your life insurance policy because that compound interest effect is bigger. You are using that money to create and pay down the loan, create simple interest and reinvest it. Every year, this person was reinvesting the money. They were doing new deals each and every year. The difference is, because of that double dip, you return money in two places at once and you make a bigger income. You end up with another $9,000 a year. It is about $750 a month.

Is it life-changing? No. Is it better than doing a savings account? Yes. This is me as a 45-year-old healthy male. If you are a woman, women have a benefit because they live a couple of years longer. I’m almost the equivalent of about a 47 or 48-year-old healthy female. If you are younger than this age, these numbers could be better. The thing is that this is all based on circumstance. It is all based on running these numbers and making them work. This did take me a couple of hours to do because, unfortunately, there is not good software to run this stuff.

Here is my point. If I’m to sum this up is that you are not borrowing your own money. You are borrowing money from the insurance company or a bank, whoever is going to give you the better interest deal. That is the great thing. You can shop and figure out where it is. Now, insurance companies are generally cheaper. Some of them are even doing loans like 4% right now. If I go to the bank, it would be over 6.5%, almost 7%.

That is something I want to avoid. I want to go for the lower rate, even the better spread on my money. They create the biggest spread possible while I’m earning interest on money too. That is the secret. The key is that we are creating leverage. When you do it right, and it is designed the right way, this creates a much better effect.

This infinite banking policy I’m showing you, beats pretty much every other infinite banking policy out there. The numbers don’t look as good for most common infinite bankers that you see out there. Even the ones who are doing videos like this, most of them don’t even get numbers this good. That means it takes longer even to break even or to be able to catch up to that same account scenario.

My experience has been if you are going to invest for at least the next 5 or 10 years, you will be better off using this as a vehicle to help you accumulate those funds and use it. Move money in and out to invest. It doesn’t mean you put every dollar into here. That is the key I want you to remember. There was still extra cash being done on the side. We weren’t putting all the money in here. That is another sales tactic I don’t like. We are using this as an example of a way to create more leverage with the savings you are going to be using anyways to invest because we want to earn money in two places at once.

If you got questions, you could always ask questions at We are more than willing to serve you and help you in any way possible, even run numbers if you want to see what that looks like in your situation. The point is that I want you to know that leverage is everything. It is like when you get that nice lever. If you want more strength, use levers. Everything works better when you are using the right tools in the right way. When you don’t, those tools are useless. Trust me. There are plenty of people on there saying, “That pair of pliers with a piece of crap. They didn’t work when it was more of a user error.”

Leverage is everything. If you want more strength, use levers. Everything works better when using the right tools in the right way.
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In this case, there are user errors and agent errors. You got to be careful of both. When you can use it correctly, it is going to be a great tool. I want to reemphasize something I said back in August 2022 on this same show, “You do not need life assurance or infinite banking to become financially free. You can do all these strategies without it and still do it.”

It is like I showed you in that first example. That person still got to $112,000 without using infinite banking, but if you want to get a little extra juice, a little extra squeeze out of the money you got, this is a great tool and strategy to use when it is done correctly. Do you want to learn how to do that, go visit us at Go and make a wonderful and prosperous week, and we will see you later.


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How To Know If An Investment Is Too Good To Be True | 663 Wed, 23 Nov 2022 14:00:00 +0000   Have you ever heard or said, “If it sounds too good to be true, it probably is?” So many people get scammed into Ponzi Schemes and jump into dubious investments just because they don’t do their due diligence. Do your own calculations, check their track record, and ask questions. Stop falling for these passive… Continue reading How To Know If An Investment Is Too Good To Be True | 663

The post How To Know If An Investment Is Too Good To Be True | 663 appeared first on Money Ripples.


Have you ever heard or said, “If it sounds too good to be true, it probably is?” So many people get scammed into Ponzi Schemes and jump into dubious investments just because they don’t do their due diligence. Do your own calculations, check their track record, and ask questions. Stop falling for these passive investing scams.

Tune in today to learn how to know if something is too good to be true. Is there a number? Or is there something else? Chris Miles shares some examples of scams and analyzes a recent “investment” with NovaTechFx, which claims to pay an average of 3% per week!

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How To Know If An Investment Is Too Good To Be True

Welcome to our show that’s for you, those that work so hard for your money and you want your money still working harder for you right now. You want that freedom and cashflow today and not 30 or 40 years from now, but you want it right now because you want to live that life you love with those you love. Most importantly, it’s not just about getting rich. It’s about living a rich life because as you are blessed financially, you have a greater capacity to bless the lives of others. Thank you for joining us, binging, sharing, and doing all that you guys do. As a reminder, if you haven’t liked and subscribed our YouTube channel, go to the Money Ripples YouTube channel. Like and subscribe.

Too Good To Be True?

Also, if you haven’t checked out the Money Ripples shorts, if you like to get short little snippets, we got stuff over there, too, on the Money Ripple Shorts channel. Check those out today. I want to talk about a particular topic that will come up from time to time. I want to make sure you guys come from the right place and mindset. Many people will want to know, “How do I know something’s too good to be true?” In fact, many people will even accuse our stuff, saying, “Hold on. Chris, you’re talking about 10%, 12%, 15%, or more returns per year. That sounds too good to be true.” That’s usually the case when someone hasn’t been exposed to a lot of different options, especially if you’ve been exposed to just the traditional financial models.

There is some truth to too good to be true. If something sounds too good to be true, it could be, but it depends on your perspective and where you’re coming from. Too good to be true is relative based on the person. I want to get into this to determine what is too good to be true. I’ll tell you my number one investment now is paying me nearly 50% per year. It’s doing great. That’s based on the money that I’ve invested. Typically it’s not too uncommon to get right around that rate of return, but it takes some time. It still takes some work to get there. There are still taxes you got to figure out. There are still things that can cut into it that reduce some of those returns, but it can still happen that way.

Even with my real estate properties, I’ve had some do better than that, but there’s also been good appreciation. Often in our world, when we talk about alternative investments, we’d like to try to stay very conservative, which is right about the low double-digit mark, like 10%. That’s something we can find over and over again very easily and even have it, in some cases, being contractual. It doesn’t mean it’s guaranteed, but it does mean that there are contractual-type things. For example, you could lend your money to somebody, and they might say, “I’m willing to pay you 10% a year to borrow your money for that year.” They might even pay you 10% for 6 months, which is 20% a year if you able to do that twice. There are people that are willing to do that depending on what they’re trying to do and if their numbers make sense.

That’s the number one key. Numbers have to make sense of something, whether it is too good to be true or not. The first point I’m going to make is this. Just because something sounds better than anything you’ve been exposed to before doesn’t necessarily mean it is too good to be true. Remember that. You don’t have to have a scarcity mentality. The question you should be asking instead is, “What makes this profitable? What allows them to pay this kind of return?” You got to use some good common rational sense here.

Examples Of Dubious Investments

Don’t just write something off and think it’s too good to be true just because you haven’t seen it. Let me give you some examples of where the numbers should make sense. I remember back before the last recession, around 2006, there were a few deals that came out that did seem too good to be true. First and foremost, there is a real estate investor here locally in Utah. He was starting to build a pretty big empire. He would pay his investors, primarily his partners, 5% a month on their hard money. That’s huge. That’s 60% a year. He was paying them that. Why did it work? It worked because he was flipping properties so quickly, binding them undervalue, flipping them, turning around, selling it again, and selling it at the market appraised value.

He was able to keep turning money over and over again. Here’s the problem. Even though he did that, he would sell it to an investor and try to lease it back from the investor. Meaning there was an expense. There was a payment there. He wasn’t just flipping the property. He was holding it, selling it to the investor, and paying them money so he could move along with the cash. They called it equity stripping.

They would strip the equity out of the property, move it into the next properties, and keep doing that system. It worked great until 2007 and 2008. Even when 2007 started happening, things started to slow down. Lending got tighter, especially throughout the summer of 2007, and their model started to weaken a little bit. They started to get shaky. Once 2008 happened, especially, the next thing you know, he couldn’t afford to pay those returns.

The problem was this. Those same people said, “We can get more leverage off our money. What if we raise capital, people give us money, and we pay them 4% a month?” Those people then said, “I know what those guys are doing. They’re making 5% a month and paying us 4%. They’re making this 1% spread, which is an infinite rate of return on money that’s not even theirs. They’re making a fee off of it.” They said, “What if we did the same thing?” They pay people 3% and started to create almost this multi-level type of investment. The next thing you know, when everything hit the fan, especially with the guy that was in the middle trying to make all these purchases and everything, when the real estate market wasn’t appreciating, and they couldn’t flip properties as quickly, it was almost like sticking the stick inside of a bicycle spoke.

When you stick the stick inside the bicycle spokes, you flip over the handlebars. The whole thing fell apart. That guy is now in prison because of everything that happened. There was over $100 million of investors’ money lost because these properties weren’t cashflowing. He was buying the properties, moving to the next one, holding onto these properties, and making no rent. He wasn’t even renting them. It looked like a Ponzi scheme, even though it wasn’t. Just so you know, the difference between a Ponzi scheme and actual investments is that Ponzi schemes are paying you with other people’s money. They have no assets backing them up. They’re taking people’s money, turning around, and paying your returns based on people putting new money in. If there’s enough real excitement, people will keep putting money in.

He wasn’t doing this. He had assets. The problem was that it was not a sustainable business model. At best, he had a crappy model. It was awesome in good times, but not good if you stress test it. I bring that story up because there are a lot of real estate investors that have done the same thing over the last several years. They can get sloppy with the numbers. They can borrow people’s money, even if they’re doing hard money lending and lending money to these investors. If their model doesn’t work in all markets, you have to ask yourself, “Am I going to get my money back? Will this actually work? Is he going to lose money?” This is why whenever we look at investors, we look at investors in our network that we refer to our clients. We want to make sure that they’ve gone through a full market cycle.

A crappy business model can be awesome in good times but terrible if you stress test it.
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They didn’t just show up in 2017 and 2018. You don’t want to do that. That’s an example where it could have worked, but it was too good to be true in all markets. You’ve got to make sure that it works in all markets. Here’s an example of one that was too good to be true legitimately, and it was a complete Ponzi scheme. This was a company called 12DailyPro. They call it 12DailyPro because every twelve days, they would pay you a 24% rate of return. About every two weeks, you’re making about 24%. Do the math. If you start to compound that money, within about a month and a half or even a little bit less, you’re doubling your money.

Here’s what’s interesting, psychologically speaking. There have been studies. I remember hearing this even during the last recession. The higher the potential returns, the less people do due diligence. Let me repeat that. The higher the promised returns, the less due diligence people do on a deal. They get too excited. Their brain stops functioning. The emotions, excitement, and greed take over. People might say, “I’m in this abundance mindset.” You’re in a greedy mindset because your brain turns off. You don’t really look at the details. They’ve proven this psychologically. People that are promised certain returns, and the higher the return, the less due diligence and the less they research into the thing.

MORI 663 | Dubious Investments
Dubious Investments: The higher the potential or promised returns, the less due diligence people do on a deal. Their brain stops functioning, with emotions and greed taking over.


This is also true on the opposite. We’ve seen people research heavily on things like infinite banking. I can’t tell you how many people are like, “It’s got to be a scam or something.” Infinite banking doesn’t have that high return. When you’re talking about getting guaranteed 3% tax-free, that’s not a huge return. Even the ones that are paying 5% to 6% tax-free now, and they’ve been paying that since 1870 or 1847, they’ve been paying that for over a century, almost going on two centuries in some of these companies, yet people are like, “I don’t know. That sounds too good to be true. There’s got to be a catch.”

Infinite banking is not a scam. It doesn't have that high of a return. You're guaranteed 3% tax-free, and that's not a huge return.
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I have a partnership in real estate where I’m getting paid almost 50% a year. People are like, “What’s that? Show me that. I’m signing up.” They don’t even do the due diligence. They might ask a few questions. They’ll think they’re doing due diligence, but at the end of the day, they’re like, “It sounds great. Let’s do it.” That’s the tricky thing. Many people are like, “I don’t know.” I came across one recently. I had three friends introduced this particular company to me. This company is called NovaTech. I don’t know if you’ve been introduced to it or not. This is a good example. This is like the 12DailyPro of this particular time period.

Just so you know, what happened is after a few months, the SEC stepped in, realized it was a complete Ponzi scheme, shut it down, and people lost their money. They would limit how much people would put in too. The crazy thing is there are people that quit their jobs in 2006 thinking, “I could retire off of this because of how much this is paying me. I’m done.” They quit their jobs and cashed out their 401(k)s to put their money into this Ponzi scheme. They didn’t even think about it. I even had one friend. He said, “Chris, with some of our friends that do real estate, they would say this is a complete violation principle. This is complete gambling. There’s a disclaimer that says you could lose your money at any time.”

How To Find A Scam

When I ask him the question, “Where do they really make their money?” he’s like, “Honestly, I don’t know. I don’t know how they make their money exactly. It sounds like they do something with this, but it sounds like they’re doing lending, but I’m not positive.” The thing shut down. The woman was living in Atlanta, Georgia, or something like that, making bank off this thing until it finally shut down. This NovaTech FX, if you want to look it up, is a hybrid-type company. They’ll even say it’s a trading platform. It looks legit. They could do forex and crypto trading. That’s what this premise is.

These three friends of mine both came from different directions. Two of them posted within the week, saying they’re making 3% a week on average. That’s not guaranteed. They say, “This is an investment. You could lose your money.” There are plenty of disclaimers. They’re saying this has been averaging 3% a week for the last three years. I thought it was funny because one of them even said like, “It’s got a three-year track record.” That is not a track record. That means squat. Even if they say they’ve been paying every week for the last three years, that’s no time at all.

There is so much that can go on with that, especially if new people keep signing up. There’s a $ 25-a-month membership that’s part of this. It has this direct sales component to it. If you look up the CEO and the COO husband and wife team, look up their background on LinkedIn and things like that, you find out that these guys don’t have that much background. I’m going to share with you something that was shared with me about the company. They got a disclaimer. They got the usual type of things to warn you that you got to know. Who they are, they talk about how they do cryptocurrency and Forex trading. I’ve known plenty of people that have done this kind of stuff. They’ve done tons of these things.

It’s a trading platform, but you can have this passive investment where they invest it for you. You’re putting your money in, and they do the investing, which makes me wonder, “I can do my own trading, but why if you guys do a much better job?” That’s what this person pitches. They say, “This person does a great job. They do way better than me, so trust the professionals.” Mistake number one, it’s okay to leverage and trust people, but how much experience do they have? Here’s the COO, her husband, and then the CTO, who used to work for the government. That means nothing. That’s like saying a CPA used to work for the IRS.

MORI 663 | Dubious Investments
Dubious Investments: It’s okay to leverage and trust people but always ask about their experience first. Do your due diligence before signing up for something.


I’ll tell you. Some of the worst accountants I’ve ever met used to work for the IRS. They didn’t get any real accounting experience to know what to do. They understood the IRS a little bit, but most accountants, if they’ve been around long enough, understand the IRS pretty well. Being an IRS employee doesn’t count. Even this guy had a securities job or whatever, so what? That means nothing. They say they have over 40 years of combined experience. Even though they talk about cryptocurrencies, blockchain technologies, professional networking, leadership, and team building, I looked them up. I went to LinkedIn. Most of it is network marketing or direct sales. That’s where most of their experience is, not in investing.

Here’s another thing that drives me nuts. Notice that she puts reverend in front of her name. I have no problem with someone being reverend. We’ve had people on this show, a real estate preacher who gives sermons. We had people who’ve been reverends. I have another friend who’s an investor. His wife is the reverend. That’s great. I love that. I love people that are faith-based, but how many times do you see somebody put on your professional trading platform reverend in front of their name? That, to me, is a huge, big warning.

That’s a huge red flag because anybody who tries to put that there is now trying to appeal to that audience. They’re trying to appeal like, “I’m a Christian too. You can trust me.” I don’t know these people personally. They could be great people. I’m just saying that right there is a huge manipulative ploy. That is not cool. I’m religious as well, but you don’t see me putting any of my religious titles in front of it. Even if I got my certificate to go and marry you, I’m not going to be putting that on my Money Ripples website. If they want to put that on, that’s fine, but that does nothing for this, but it does create this little unfair influence. It’s a tricky tactic that I don’t like. For the most part, they got 40 years of experience, but is this 40 years of experience with forex and cryptocurrencies? One hundred percent no.

The person that was doing the video said, “This is great. I like the fact that they’re on calls every week.” Great. They’re talking to you. Good. They got to keep you going. They’re basically your leaders. This is set up like direct sales, just so you know. You can earn commissions from this. I have no problem with them paying referral fees to some level. Here’s where it gets tricky. There are lots of companies that will say, “We’ll pay you referral fees.” In this other YouTube video, they use the example of banks that will pay you a referral fee. If you refer somebody to set up a savings account, you get paid $25. They do that. They have their own thing here where they pay you a direct referral bonus.

They’ll also pay you an indirect referral bonus. What does that mean? It means when your referral refers somebody else, you get paid. This is critical. They don’t pay you beyond that. They have other bonuses here. There’s a fast-track bonus if you get started and get more people enrolled. You get check matching to help get a bonus on your team’s production. You get a residual bonus. They’re saying this is from services fees paid by your direct downlines. I’m guessing that’s from the $25 month, but there might be other fees coming out. I didn’t see any other fees.

There are rank achievements. This is just direct sales. There’s profit sharing. If you get to a certain rank, that’s common in network marketing which there’s a profit-sharing pool, and people will share on that pool based on the pro-rate of basis that they earn out of that entire company. This is the key thing. When they say you get paid on the referral on your referral, but they don’t say you get paid on the referral of your referral of the referral, here’s the reason they don’t do that if you get paid three levels. Not just your referral, that’s one level, then that referral refers somebody else. That’s two levels. If you stop there, you’re now not network marketing in the multi-level marketing space. It’s not multi-level marketing. It’s now direct sales. There’s a big difference because, in direct sales, there’s a lot less red tape to go through. It’s a lot easier to pay referrals.

Typically, Money Ripples could do something like that as well, even though we don’t. We have incentives for our clients to earn referral type of fees like on some consulting or products and things like that. Never on the life insurance stuff, but anything that they can be paid on, like on consulting, I can do that. You could try to figure out a system to pay on the referral of the referral, but that gets into that direct sales type of thing. It starts bordering multi-level marketing. When you go three levels or more, it’s multi-level marketing, and there’s a whole new set of rules that you got to abide by.

Here’s another red flag I have here. This is not just a typical network marketing company. This is based on actual money type of stuff. Here’s the thing. If this gets big enough or makes enough noise, or somebody complains, whether it’s the State Securities department or the SEC comes in, they’re going to say, “Look at this. This looks like an investment.” People cannot get paid on the investment. This was the first thing I looked at. I looked to say, “Are these people paid on the money that people are earning?” One person told me and said, “Yes. You even make money when people make money,” and I was assuming that was on the trading, that 3% a week they’re talking about. That’s not the case.

If they were to get paid on that, right there is securities violation, and this company’s gone shut down. You cannot pay people on investments. If you pay people on investments, you need to have a securities license. That’s not happening here. If they do anything like that or if people get paid for the investment performance, that could be a big issue. That would get them to shut down right away. I’ve seen it happen. For them trading your money, that in and of itself is not a bad thing.

I knew a guy that was a trader. He would promise 10% a month. That’s less than what these guys are paying out. I remember telling him. I said, “Guys, I was a trader. I traded stocks and options. I know some of the best traders that were out there. They do not do 10% a month consistently.” I told people who were trying to invest in this, especially during the recession. They’re like, “I need to make this work.” Here’s the problem. Ten percent a month is not sustainable. That’s an unrealistic rate of return. Everybody trusted this guy. He had a nice British accent. People love British accents. It’s the most trustworthy accent in the world. They love that accent, and so they trust it. By the way, these people here with NovaTech have that little accent there because they have some Caribbean ties or something like that. They have that cool accent.

This guy was British, and everybody loved him, yet the securities department in his state shut him down, and everybody lost their money. It was gone. Everybody lost. You have to understand this. One, 10% a month is not sustainable. Why? I’ll show you. These people will also use their calculator thing. This is the crazy thing. I’m going to go to the YouTube video where it shows this particular thing that talks about the returns. They have a track record here. They even showed the recent track record. In 2021, January was 15%, and February was 13.6%. 2021 profit was 177.9%, almost 200%. You could see an average per week, 3.06%, 13.28 per month, or 159.37% 12-month total return.

Here’s the thing that seals the deal that people love. They’re showing you that each month has a week-by-week breakdown. The lowest one you see, you don’t see any negatives at all. That, to me, is a big red flag. Anybody who’s trading is pretty like you’re going to have at least some negative weeks. Their worst week was 0.65%. The more money you have in your possession, the harder it is to contain and keep those persistent returns. It’s virtually impossible. I don’t believe too good to be true very often. It’s very hard to do. Here’s the one that is the kicker. They say, “If you invest $500, you make 3% a week. For one year, you’re at $1,800 bucks.” You more than triple your money in one year.

If you don't see any negatives at all, that's a big red flag. Anybody who's trading will always have some negative weeks.
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That should be BS since we already know that 159% is not triple. Triple would be 200%. Already seeing this makes me wonder. Five years of compounding it and reinvesting it is $1,087,000. $500 turns into $1 million in five years. This is what anybody who’s talked to me about this is. Three people in the last week all said this, and they’re all women. I don’t know if it’s certain women talking to each other. I haven’t met the men yet. I know there must be. I guarantee there are. This is something that men probably fall more prey to than women do.

I’m starting to see women that aren’t necessarily financially trained showing up and saying, “Look at this. It’s legit. I’m getting paid for the last several months, a few months, or whatever it might be. I’m going to hold onto this $500. I’m going to have $1 million dollars in five years if it keeps working the way I think it does.” They use this calculator. They didn’t use one that’s from their site. Here’s a $500 balance, 3% interest rate weekly for five years. We calculate it, and there it is, $1,087,000, just like they said. What if I change this to instead be closest to the 159% total return? That seemed more likely. I’m going to put exactly 159.37% for five years. I’ll be changing it to yearly. Now it doesn’t look so good.

Anyways, we’re going back to this weekly here. They’re showing people 3% weekly. I’m putting that in for five years, compounding weekly. It came back to $1,087,000. Here’s the thing that they don’t tell you to do. Let’s go out for fifteen years for $500. Do you think it’s that much? No, not at all. Watch what happens. Calculate this for fifteen years. Now we’ve got $5 billion. You realize this puts you on the Forbes 500 list of billionaires. In five years, your $500 will put you on the Forbes 500 list of the richest people in the world. Doesn’t that make you question something? These people are so good. They’ve probably been doing this a while, four years combined experience.

MORI 663 | Dubious Investments
Dubious Investments: If the $500 you put into trading puts you on the Forbes 500 list of richest people in the world in just five years, something is wrong. Always calculate how much you will make 5-15 years after.
(Page 9 – Calculate this 15


What if we gave them $100,000 to do this with? Let’s make it 3% a week for fifteen years. Guess what that number is. Count the numbers. In fifteen years, they’ll have $1 quadrillion. Understand that even the wealthiest people in the world right now are barely around $100 billion, and you’re telling me they’re going to have 1,000 times more wealth from just their $100,000 than everybody else. Even George Soros, who is a forex trader that has done it for decades, has averaged not 3% a week. He averages about 20% to 24% a year. That’s more likely.

Let’s say they happen to earn that. I’m going to use my own calculator here because I like to use calculators that make more sense. Let’s say you had $100,000 to put anything into it. Let’s say you did earn 24% like George Soros in fifteen years. How much money do you have? $2.5 million. Does that sound more believable? Yes. By the way, he’s done it for longer than that. He’s done this more closer to 50 years. Now you’re about almost $4.7 billion. That matches up more with what he’s done over that period of time. I didn’t add anything to it. That was $100,000. That’s a little bit more believable, isn’t it? Not this whole $1 quadrillion in fifteen years. It doesn’t happen. That is too good to be true. That is bogus. That alone should scare the heck out of you.

NovaTech Will Be Caught

Talking about NovaTech, I think this thing is going to go down in a matter of months. Once this gets out, I guarantee that the SEC, if they haven’t already started to investigate it, will be all over it, whether the SEC or the State Securities department. Here’s what’s interesting. We tried to contact these people. It’s a little bit tough. They get a phone number, and it goes right to voicemail. It doesn’t actually answer. People don’t pick up. Look at the suite number. It’s out in the Caribbean. If I do a Google search on this really quick, watch what happens.

Look at this. If you even look up the address of NovaTech, it takes this Griffith Corporate Center. You’ll see that it’s got a 2.2 review. Why? Because everybody’s like, “This is what OmegaPro Trading uses.” You even go down more, “This what EMFTA does,” which is a mining forex trading arena and all these things. The response from the owner has been the same over time, “We do not rent office space to a company called EMFTA.” However, there’s a registered agent in the suite next door at 305 Wilford Services, which is basically like a VA service.

This is a virtual mailing type of situation. This is not their corporate headquarters. This is just a forwarding address they go to, and they can forward the mail from there. You have no way of knowing where they are and where their place domicile really is. That’s it. The tricky part right there is you don’t even know if they’re in the Caribbean. You don’t know if they’re in the United States. You don’t know if they’re in Europe. You have no clue.


Here’s the thing, guys. Is the NovaTech FX thing a real legitimate business? I think it’s going to get shut down in the next few years and, most likely, the next few months. Once this keeps getting the point of more and more attention, it’s going to get shut down so quickly because it’s in the financial space. SEC’s going to be all over this. It’s going to blow up, and people are going to lose their money. They’re going to say, “Why did I get duped? It seems so legit. They seem like good people.” They always do. You got to make sure that you turn on your brain along with this kind of stuff.

This is not about going to a scarcity place where everything that doesn’t sound like the money you’ve made before is too good to be true. That’s not what you should be using. The question is, based on this kind of investment, can you make that kind of return? If someone is to say, “In my own business, I can create a 200%, 400%, or 500% return on my advertising.” Good. There’s a Law of Diminishing Interest. You can only scale so much. You’re not going to be like, “If it works for a couple of thousand dollars, I’m going to put in a couple of million dollars. I’ll make that proportion.” No, you don’t. It doesn’t work that way. There’s always that Law of Diminishing Interest and other factors at play. If someone says, “I can double my money in my business,” you can because you can control that business. You can make things happen and put in your own time and effort to get better returns.

MORI 663 | Dubious Investments
Dubious Investments: You can double your money in your business because you control it. If someone says they can double your money through purely passive investing, question it. Check their track record.


If someone says, “Purely passive investment. Somebody’s doing the trading for me, and they’re going to make several hundred percent a year,” how often have they done that? For how long? In what markets? 2019, three-year track record, is not a track record at all. You could pretty much almost live on debt and still make that work, especially if you have enough new people coming in and enough excitement going in. You could smooth out some of that transition and still make it work. You can create that Ponzi scheme and keep it going for quite a while. I’ve marked other words before for other types of investments and things that have happened. Mark more words, this thing will blow up.

Is something too good to be true? It’s as long as you have an open mind and an open perspective, but then you can find out how logically it can work, and it’s been tested and tried. When we look at the investments that we have in our network, we want people that have been tried and true. They’ve done it for years and years and years, not just several months. It’s got to be something that’s worked in different market cycles and swings in a full market cycle of ups and downs, ebb and flows, that their system still works. I’m sorry, guys. I cannot promise you 3% a week. In fact, that’s crazy ridiculous. It won’t happen. Like I said, you’re not going to be a quadrillionaire in fifteen years.

Sorry to say that, guys. It won’t happen. Can you become a millionaire within a few years? Potentially yes, depending on your situation. Could you double your money in 5 or 6 years? Yes, you could. Could you double your money within a matter of a few months? Not likely. The thing is that this extreme stuff if it’s too good to be true, it probably is. There are things in the middle. There are things that could be safer. It doesn’t take high risk. It doesn’t mean it’s risk-free, but there are ways you can manage risk, still get good decent double-digit returns, and even beat the stock market potentially. Those are the things you can do in the alternative investment space.

Don’t go chasing after these high ROI things that haven’t been proven. You’ve got to turn your brains on and look at this with real eyes wide open. It’s like you’re dating. You look at it with eyes wide open. Unlike being married, where they say put your eyes half shut, don’t do that here. You keep your eyes wide open the whole time. Make sure it’s tested and true. If you have questions for us, you can reach out to us at Go and make it a wonderful, safe, and great prosperous week. We’ll see you later.


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How to Pull Equity from Your Home with NO Mortgage Payment Featuring Matthew Sullivan | 662 Fri, 18 Nov 2022 14:00:00 +0000 Many worked so hard for their money and want their money to work harder for them too. We want that financial freedom today so we can live the life we love to live with the ones we love. But with interest rates skyrocketing, how can we access our home equity to invest, pay off debt,… Continue reading How to Pull Equity from Your Home with NO Mortgage Payment Featuring Matthew Sullivan | 662

The post How to Pull Equity from Your Home with NO Mortgage Payment Featuring Matthew Sullivan | 662 appeared first on Money Ripples.

Many worked so hard for their money and want their money to work harder for them too. We want that financial freedom today so we can live the life we love to live with the ones we love. But with interest rates skyrocketing, how can we access our home equity to invest, pay off debt, etc., and not have a higher monthly payment? Matthew Sullivan, the founder of QuantmRE, has another way for you to access your equity and pay NOTHING each month. Find out how by tuning in to this episode with Matthew Sullivan as he dives deep into accessing equity from your home and finally living the life you love!

Watch the episode here


Listen to the podcast here


How to Pull Equity from Your Home with NO Mortgage Payment Featuring Matthew Sullivan

In this episode, I’m bringing on a repeat guest from two years ago. Even if it’s been a couple of years, the problem is that you guys know there are about 104 episodes that come out every year. If you haven’t binged back to episode 400 or something, you probably even know this. I wanted to do an update on this because this is the time, especially with a lot of our one-on-one clients. They’ll say, “We’ve got equity. The markets have gone up.”

Even if they’re starting to settle off, things aren’t skyrocketing value-wise anymore. Still, people are like, “How do I get access to this equity that’s dead? It’s not doing anything for me where I could take this money and invest it to make a higher return.” The problem is that the Feds keep raising rates every day. If you try to get a HELOC, that’s not a great option because interest rates keep going sky-high.

On top of that, if you try to get a fixed 30-year mortgage, here’s a problem. You’ve got a 2.5%, 3% or 3.5% mortgage and you’re looking at 6% plus for a mortgage. That’s not enticing to want to refinance your entire mortgage to pay possibly double the interest. We’ve got a solution for you here. We’ve got on Matthew Sullivan, bringing him back on with QuantmRE.

To give you a little background on him, this is a real estate marketplace and home equity type of company that will give you a unique way of accessing that equity without a monthly payment. He’s had a lot of background in finance technology. He’s had this background with Richard Branson with the Virgin conglomerate. He worked specifically as a Director with his ambulance service that was there in London. He worked on that. He’s been an early internet pioneer. He found many companies in the UK, India, Australia, as well as the US and he’s here to talk to us. Matthew, welcome back.

Chris, thank you much for having me back on.

This is going to entice people but first I want to ask you, where did this idea even come from for you? How’d you figure this out? It is a creative way to access equity without getting a debt. It’s almost a reverse mortgage in some ways but it’s a little bit different.

It had all the benefits, all the good bits of the reverse mortgage and none of the bad bits. I stumbled across this 7 or 8 years ago. It has been around for over a decade. It was created twelve-plus years ago by a company based out of San Diego called Equity Keep. Their concept was exactly what it is. How do you help homeowners access their home equity with an instrument that is not alone?

They created what was much the first of the home equity agreements or home equity investments. There have been several companies, ourselves included, that have been formed that are driving the growth in respects. We estimate that in 2022 at least a billion dollars worth of investment go into these types of instruments to the benefit of homeowners and investments.

Let’s explain step by step. How are people able to get access to their equity? What’s the arrangement they make with you to be able to do that?

Explain or identify what the problem is and why these machines came about. It’s very much what you were saying earlier about equity as illiquid assets. We’ve all seen fairly stratospheric growth in house prices over the last 2 to 3 years, certainly not what any of us expected. The real challenge is how you get access to that equity. You said that you either have a HELOC or some form of refinancing or cash out.

The challenge is why you would want to double your interest payments. Why would you want to put yourself through the wringer of having to go through the banking requirements? For many people, it is the crux of it. They’re either unwilling or simply unable to borrow money. Even though they may have hundreds of thousands of dollars of equity, they simply may not qualify for HELOC. They may not qualify for a cash-out refi because maybe their debts are too high, credit is too low or any number of different reasons.

Many people are either unwilling or unable to borrow money.
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We take different probes. We are investors, not lectors. That’s an important differentiator. We don’t lend you money secured by your asset. What we do is we co-invest with you almost as a part where what we save is in exchange for liquidity. In exchange for cash, you will sell a share of the value of your home at a fixed percentage, which you can settle at any time during the next ten years.

In exchange for a commitment from you that a certain fixed percentage of the value of your home belongs to us when you sell your property or refinance, we’re able to give you cash that is tax-deferred that you can use for any purpose. You mentioned some of the key purposes of unlocking some of your home equity to undress in other deals. Alternatively, you may simply want to pay down some of those very expensive credit cards, dental and other layers that are costing you 28% to 30% a year.

It makes sense because you said there are multiple scenarios. I can see this working in especially whatever gives you the biggest bang for your buck if you get access to that equity. You said there’s no monthly payment. People are getting the cash. One thing we should ask is about this. The ideal is that you owe 50% or less on the current mortgage of your current home value. You’ll pay the homeowner up to 25% as long as it doesn’t exceed 75% of that home’s value.

There are two goalposts. On one side, the maximum combined lien-to-value. That’s how we refer to it. That means if you take your existing lien, your existing mortgage and you add our investment to it because we protect our investment with a lien on the property, we’ll normally sit in the second position. If you add those two together, they must be less than 75% of the value of your property. The other goalpost is, “How much do we invest?” We will invest up to 25% of the current value of your property. If you’ve got a $1 million property, then we’ll invest up to $250,000 with you as long as you’ve got no more than a $500,000 mortgage.

MORI 662 | Equity From Your Home
Equity From Your Home: If you’ve got a million-dollar property, we’ll invest up to $250,000 with you if you’ve got no more than half a million-dollar mortgage.


That reminds me too, is there a limit? Is there a home value? Say, we won’t go up to 75%. That’s too big.

The maximum amount that we’ll invest is $500,000. You might have a very expensive home. Typically, we won’t invest in homes that are worth more than $5 million. When you get closer to that limit, it tends to be much more specialized because those are the homes that are difficult to dive into because you could have three appraisals. One could come in at $5 million, one could come in at $2 million and one could come in at $3 million and perhaps not quite as wide as that. It’s nowhere near as defined in terms of what the value of those houses is. Typically, we don’t like getting more than $2 million to $2.5 million.

I was going to say the same thing. In California, even if you get $2 million to $2.5 million, then things get to be a little bit harder to price and find those comparisons. That makes it more difficult to figure out.

Most of our business is around a $600,000 to $1.1 million bar because that’s where most of the activity is and most of the demands. If you’ve got a home that’s worth $600,000, we could go up to $150,000. For many people that is a nice changing amount, particularly if they don’t have any monthly payments associated with it. It gives those people the ability to get their hands on their own equity but without having that feeling of dread every month as they’ve got to find those extra payments which become a little bit disconcerting.

I was talking about the offensive way of playing the game. Try to beat the interest rate and make more with this money. We haven’t seen this yet. We’re in America. The reported unemployment rate is 3.5% 3.5 or 4%. We’re considered fully employed if it’s under 5%. If something does reverse in the marketplace and people then are laid off or as we saw in 2020, people were getting furloughed and they were wondering how to get what to do, especially if they’re worried about losing their home, this could be the thing that saves their home. You get that $150,000. How many months of mortgage payments can you make while you’re trying to get re-employed?

You are free to buy these agreements back and refinance them at any time without penalty. It’s not a case at all of being locked into this agreement, which you can’t get out of. It’s flexible. We incentivize you to pay us off early. We have several caps in place. If you do pay us off early, then the amount that you pay us is lower than it would be if you kept it for a longer period. There’s a liquidity premium that we pay as well. It does depend on what your personal circumstances are.

The great thing about this product is that it appeals to people that have equity. They’ve got real wealth but it’s tied up in their home. Here’s a way of getting them access to that without debt. Those may be people that simply cannot borrow money. Apart from selling the home, they don’t have any other options. You mentioned reverse mortgages earlier. You can’t have this reverse mortgage.

Those people that locked in at 3%, if they want to reverse mortgage, you say goodbye to that. They bring you these much higher rates and there’s an enormous number of restrictions associated with reverse mortgages. You’ve got to be over 62. You can’t rent the property out and it’s the last surviving qualifying person in the reverse mortgage ties. The reverse mortgage comes to an end and has to be sold. There are lots of restrictions that simply don’t apply to our product.

Even if it’s sold back to the heirs, right?

No, if you have a reverse mortgage, the person that qualifies for the reverse mortgage passes on, then the reverse mortgage comes to end. The question then is, “What do you do with the property?” You may not want to sell it so with our agreements, they’re much cheaper.

We had a guy on for reverse mortgages and he said the same thing. He said, “You can buy it as heirs,” but they’ll give you a little discount so then, the bank will have to sell it. You save the job for them but you still have to buy it back. They’re essentially using up their equity in that situation. That’s a good point. You don’t have to be 62 in this situation. You could be 26. Reverse those numbers, right?

Yes, a reverse mortgage. It can be used as a short-term way of accessing liquidity as well. For people that have fixed and flip investments, for example, it enables you to get hands-on with some of the equity and that doesn’t impact your ratios in the sense that if you are wanting to buy another property and you are using cash as a down payment that’s not coming from debt, then that improves your personal debt-to-income ratio. That makes it easier potentially for you to borrow money.

You’re not charging them anything on payment.

It’s a good way of tapping into what is remarkably a $25 trillion asset clause. If you look at the latest spread figures, there’s over $25 trillion of equity in a single pound or in residential homes in the US which is higher than it has ever been since records began.

That’s higher barely than the balances and people that have in the stock market including multi-billionaires.

It’s all locked up. The challenge is that home equity is not a liquid asset. You can’t pay for your groceries with home equity. That challenge is something that we are addressing but over time, there will be hopefully lots of other people like us opening up this marketplace because ultimately, the consumer benefits and they’ve got more choices. In the same way, when HELOCs first hit the market, people didn’t understand what they were or how they worked but now they’ve become very much part of the stable tools that homeowners use to get liquidity.

MORI 662 | Equity From Your Home
Equity From Your Home: The challenge is that home equity is not a liquid asset. You can’t pay for your groceries with home equity.


Nothing’s for free. Make sure this doesn’t sound too good to be true. There is a cost to this even if it’s down the road. Let’s explain how that works.

It’s a basic exchange and you’re right. There is a cost because the investor needs to make a return. The exchange is in exchange foreign liquidity. The investor provides you the hope that you will provide the investor with the right to a percentage of the value of your property at a discount to what it’s worth now. To give you a precise example with that million-dollar property, if we invested $100,000, that’s 10% of the current value.

You as a homeowner would normally agree with us that when you sell the property or if you decide to refinance, you’ll pay us 17% of the future value of that property. In other words, if in 3 or 4 years, you sell the property, at that time, whatever the property is worth, you’ll pay us 17% of that value. The property could be worth $1.2 million or $700,000. No one knows.

As long as it’s an arm’s length sale or if you decide to refinance that, you would pay 17% of the value of the property at that time. The only caveat is that if the value of the property’s gone down, we can’t make a loss if you are refinancing them. There’s a little bit of language in there because previous iterations have been caught out where people have refinanced with a much lower shaker. You can sell at any time and if the property’s gone down, that’s our risk.

They have up to ten years to do that.

During that ten-year period, there’s no prepayment or early payment penalty. You’ve got full use of your $150,000 or $250,000, whatever it is, with no monthly payments for the entire duration. They don’t stack up. Unlike a reverse mortgage, if the value of the property goes down, we get less. It is entirely a partnership approach to our interest. Our absolute is much aligned with you.

Using that million-dollar example where you get $100,000 in cash from the investor but from the one-on-one clients that we have, typically, it’s not too uncommon for us to have investments that look to double the money in about every 5 to 6 years. If you double it in 5 years and double it again 5 more years later, that’s quadrupling that $100,000 to $400,000.

If someone’s saying, “Yeah, but then even if the value doesn’t go up on my property, I got to pay you back $170,000.” It’s that extra 17% of the value and if the value goes up, which it usually does over a 10-year period, it’s even worse. Say somebody has $1 million. It’s now worth $1.5 million. I’ll try to do the math off the top of my head. 17% is roughly almost $300,000 or a little less. It’s $260,000, $270,000 or something like that. Some of them might hate it. They’re like, “My property appreciated so I got to pay over $250,000 to you.” Yes, but you just made $400,000. Congratulations. You had a huge win-win.

You’re right but another scenario, which is closer to many people, is if you’ve got $50,000 worth of credit card bills, you’re paying $15,000 a year to keep your head above water. It’s $1,200 a month in checks paid. You’re not making any dent in that balance. To make 30% a year, year on year for five years, that’s predictable. You can say, “If I’ve got $50,000, I know that if I keep this for 5 years, it’s going to cost me $75,000 in interest.”

There’s another way and there’s always a combination of the two. You can pay off some high-interest ads and have some liquidity that you can put into interest-bearing investments that maybe don’t get that stratospheric return but still make enough where you can pay your mortgage payments off the interest.

The beauty of these investments or structures is there are no monthly payments so you’ve got free use of the capital. Things can extend. Things don’t always go according to plan. If that investment that you put your money in doesn’t give you the returns in the timeframe that you’re expecting, you’ve got the wiggle room to go on a little bit longer because you haven’t got to find his monthly payments to support it.

If the investment you put your money in doesn't give you the returns and timeframe that you expect, you've got the wiggle room to go on for a little bit longer.
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That’s one thing I’d even mention in that example. The truth is your appreciation is more than paid for anything you paid the investor. You don’t do anything for appreciation. As Matt Foley, motivational speaker for Saturday Night Live says, “You did jack squat.” You did nothing. Congratulations. You rode a microwave. That’s why I was making that point. Regardless of how you look at it, someone’s like, “It’s going to cost me money.” Of course, it is.

The truth is what can you do with that money? Whether it’s paying off that debt, allowing you to invest and being able to at least double, triple or quadruple your money over that period or however long that period might be, there are so many different ways that you can leverage this. A better way than worrying about skyrocketing interest rates, which we know the Feds are going to keep doing for a little while until they feel they’ve got inflation under control or somebody gets fired and the politicians put enough pressure on them. Even then, there are so many variables but here you at least know, “I’ve got this cash. I have the control.”

That is the critical component of this. Many people are still psychologically attached to the concept of equity in that. That’s a historical thought where we were taught, “Don’t sell the equity.” Everything that you do with equity has traditionally been attached to a loan. In other words, don’t get yourself deeper into debt because debt has always been a function of home equity.

If you can separate those two, then it is not a wise financial decision to have all of your wealth concentrated in one asset that you can’t get your hands on which is essentially why equity is. There’s a lot of unlearning that needs to happen. You’re right when you say that people have made an enormous amount of equity gain over the last couple of years by doing nothing, sitting there, paying their mortgages and keeping their homes.

The market has increased value. To say that you don’t want to benefit from that or you need further examinations, why would you say that? We come across this all the time where we’re saying to people, “This is an opportunity for you to get liquidity.” The price from liquidity always has been but the benefit to you is to have cash that is yours that doesn’t have that monthly payment that you can then work with and then start making money with that money.

There's a price for liquidity that always has been, but the benefit to you is to have cash that is yours that doesn't have that monthly payment that you can then work with.
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We have a few minutes here so we don’t have a whole lot of time to turn the tables in the other direction. We’ve talked about getting access to your home equity but you’ve mentioned investors. There is investors’ money going in that is being used to essentially invest and get a return. It’s a longer-term return. People could go and invest in this to go into whether it be a single property or multiple properties so they want to spread the love. Tell us a little bit about that. It’s for credit investors only.

What we created is a platform that enables investors to buy fractions or full payment portfolios of these home equity investments. The platform is open to accredited investors but that will be opened up to non-accredited investors later in 2023. What we are enabling you to do is to take one of these home equity investments that has been prefunded by another investor and you can buy shares or fractions of that using our platform.

We leverage blockchain technology to make that cost attractive in the way that we do it. We’re opening up this asset class, this ability to invest in the equity in owner-occupied homes. Theoretically, you could buy into some of the equity of your neighbor’s house. You don’t have any of the issues, costs and maintenance problems associated with home ownership. You haven’t got to worry about renters or maintaining the property because it’s not your property but you still get the benefit of the equity appreciation.

One of the great things about this asset class is because of that discount, in other words, I’m buying 17% of the value of your home, the 10%, if your property goes down in value, in many cases, I’m still going to make a positive return because if your property goes down from $1 million to $700,000. 17% of $700,000 is about $120,000, which is still more than $100,000. Even if property prices collapse more than they did in the ‘08 crisis, these instruments, home equity investments still have the ability to deliver positive returns in markets that are flat or declining.

MORI 662 | Equity From Your Home
Equity From Your Home: Even if property prices collapse more than they did in the ’08 crisis, these instruments, home equity investments, can still deliver positive returns in flat or declining markets.


I can’t think of any other real estate investment that gives you exposure to earlier occupied residential homes and still has that downside protection. It’s one of the great things about this asset class. It provides liquidity to homeowners. That solves a real problem for them but also gives investors a way to get access to the previously uncharted asset class, which is worth $25 trillion with all of these inbuilt protections so that they don’t have to worry about their investments if the market begins to soften.

If people want to get information on either of these aspects, what’s the best place they can go?

Everything’s available on our website. The website is If you’re a homeowner, there’s a calculator there. You can find out how much home equity you can access. If you’re an investor, you can create an account and then see the properties that we have. We’ll be bringing on more properties in the next few weeks and months. The platform and the availability will grow significantly, we hope that in the near future and lots of other information there that you can read, download their videos, podcasts and a free guide to what home equity investments are and how they can work for you.

How cool is this? You can get access to your equity with no monthly payment and that’s pretty amazing. Reach out to Matthew and his company if you have any questions or if you’re wanting to see if this is an option for you. Matthew, thank you for your generosity. You teach us something intriguing.

That’s wonderful. Thank you so much for having me back on. I’d love to stay in touch and see how this thing plays out.

Thank you so much. Everybody else, go and make a wonderful, prosperous week. We’ll talk to you later.


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About Matthew Sullivan

MORI 662 | Equity From Your HomeMatthew is the founder and CEO of QuantmRE, the real estate marketplace that makes home equity accessible, investible and tradeable. With a background in finance and technology, he worked with Richard Branson and his corporate finance team on a number of Virgin companies and was appointed a director and Trustee of Virgin’s London Air Ambulance service. As an entrepreneur he was an early internet pioneer and has founded companies in the United Kingdom, India, Australia and the United States in the finance, telecommunications, technology and real estate sectors.

The post How to Pull Equity from Your Home with NO Mortgage Payment Featuring Matthew Sullivan | 662 appeared first on Money Ripples.

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Has The Stock Market Hit The Bottom Yet? | 661 Wed, 16 Nov 2022 14:00:13 +0000   With what’s happening with the market now, how will we know if we hit rock bottom? We’re often asked, “Do you think the stock market has hit bottom and will come back?” Of course, we could give you our flawed opinion (which we will in this episode). Instead, we will teach you how to… Continue reading Has The Stock Market Hit The Bottom Yet? | 661

The post Has The Stock Market Hit The Bottom Yet? | 661 appeared first on Money Ripples.


With what’s happening with the market now, how will we know if we hit rock bottom? We’re often asked, “Do you think the stock market has hit bottom and will come back?” Of course, we could give you our flawed opinion (which we will in this episode). Instead, we will teach you how to know the signs in each market cycle and recognize the best time to buy or sell. Tune in now to this episode and gain more insights from Chris Miles.

Disclaimer: This is just for education, not any recommendation

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Has The Stock Market Hit The Bottom Yet?

This show is for you. Those of you that work so hard for your money and you want your money to start working harder for you right now. You want that freedom and cash today, not 30 or 40 years from now so you can live that life you love doing what you love. Most importantly, it’s not just about getting rich but living a rich life because as you are blessed financially, you can bless the lives of others around you. Thank you so much for allowing me to create that ripple effect through you. I appreciate you binging and reading.

On top of that, thank you so much to those of you that have been visiting Some of you are not only taking the calculator but reaching out to us saying, “My number is pretty decent. I want to know how to get that.” I appreciate you doing so because that’s what we’re here to do. Our ultimate vision is to help over 1,000 of you become financially independent by 2030. The question is, will it be you or is it going to be somebody else? Thank you so much for not just reading but acting on your promptings.

I want to talk today about something going on with the markets. Many times, people ask, “I’m nervous about getting out of the market right now. I’m not sure when is the right time.” Maybe we’ve hit the bottom because I’m hearing a lot of people, especially the financial advisors telling me, “This is the bottom. It’s going to come back up so don’t bail out. Now is the worst time to get out because it’s going down.” There’s some truth to that.

You don’t want to bail out of a market after it hits a bottom. The real question is, where is the bottom? How do you know you’re at the bottom of the market? How do you know it’s not going to go down more? How do you know maybe this is the point where it’s going to go back up? That’s the real question here, isn’t it?

I want to share a diagram. This is an overly simplistic diagram but it has tons of truth to it because when you use this diagram, you start to realize that markets are based on emotions as much as we hate it, especially the stock market. It is very much based on emotions. When you look at this, you’ll start to realize where we fall in the cycle.

Like everything, market cycle. The stock market cycle, real estate market cycle, commodities market cycle, oil market cycle and all kinds of things will cycle. Your business will even have cycles. There are always cycles to everything. It’s that perfect ebb and flow of life. It’s a natural course that we deal with. The real question is how do you profit during those cycles? How do you keep making money no matter where the cycle is?

I’m going to dig into my experience from being someone who invested a lot in stocks in the past and even encouraged people to do that and taught people how to trade stocks and options but also bring that into why I don’t do that anymore or if I were to ever do it, I would more dabble in it. I would not invest in it. The real question is, are we at the bear market bottom? Are we at the bottom right now, especially since they announced last month, “Recession is over. We had a positive GDP. We’re out of that six-month recession?”

It is interesting we had this 3-week or 2-month recession, whatever it was in 2020. They’re saying it’s a six-month recession. It’s almost like they don’t want it to be a recession, don’t they? The question is, are we delaying the inevitable? Understand that recessions and stock markets are not the same things. Stock markets can go up even when we go in deep into a recession. Vice versa. Stock markets can go down even when things are booming. Understand that these things work independently of each other. I’m specifically addressing the stock market. If you understand the principle behind this, you start to understand how this applies to any other market that you’re looking at.

Let’s show this. This one uses emoticons. For those of you that love emojis, we have kids in our house that insist on using emojis to express themselves, which is great. That’s a good simple way to do it. You don’t have to worry about hard jargon here but this is the thing that I’m using currently because there is a lot of truth to how this works.

As I’m looking at this, I see the cycle of the market. In the beginning, there’s that optimism. This is midway up as things are already coming back up. As the stock market has already been climbing, there starts to be optimism. This is where people start to say, “I think we’re good now.” That leads to excitement and then thrilled. We always love that thrill and how that goes, don’t we? Then that leads to euphoria.

In 2021, we saw that euphoria was glore. We were starting to show some complacency moving into it in 2020 with COVID. All of a sudden, they pumped tons of money in. They delayed a negative market cycle that we were about to enter. We were already moving into a recession in 2019. We were going in that direction, which is why the Feds were lowering rates even before March 2020.

All this stuff was already happening. It was already preparing for another recession. I remember we’re going to mastermind groups. Investors and we were talking about 2020 being the year of the recession. It’s finally here. It’s been delayed long enough. They started pumping tons of money in during the COVID times and as a result, it artificially inflated everything.

It had a bubble that was already popping and decided to expand us more. It made it very over-inflated. We’re starting to see that recourse. Depending on when you watch this and depending on this recording, which you’ll see weeks after I record this, this is why you’ve lost relatively give or take around 20% year to date if you’ve been in the stock market like the S&P 500. That’s a bad year for the market for a one-year loss.

If you've been in the stock market like the S&P 500, that's a bad year for the market.
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Let’s say that the market doesn’t go down anymore. That’s still bad. That’s not a great year. There are people out there claiming that this is the bottom. I’ve even seen people say, “Bear markets only last 9 to 18 months maybe.” That’s ridiculous because they’re basing those bear markets on whether it is truly a bear market, especially when it’s already been over-inflated. I’ve shown other charts and things since then.

We saw this euphoria where it seemed like no matter what you did, everybody made money. Even in real estate and Bitcoin, it didn’t matter. Everybody was making money. 2022 hit. Let’s talk about Bitcoin. Bitcoin and other digital currencies started to tank starting from the beginning of this year like the stock market did.

There’s that complacency. People were like, “Whatever. That’s not a big deal. It’s probably pulling back like it always does before it jumps back up again.” It kept going down. There’s that anxiety as you see here. They start to get worried like, “Wait a minute. Is this the end of good times or not?” Not at the point where you’re jumping out of the market at all. This is the point where you say, “I don’t know. Maybe I should have taken my gains.”

I’ve talked about this way prior to when it was happening. I said, “This is the time when people don’t want to pull their money out because they don’t want to ‘lose money’ from that market top.” What they do is hold on. There’s that denial. The denial says, “This can’t be it.” Currently, in the stock market, we’re between anxiety and denial because there are a lot of people still denying that anything’s going wrong. That’s pretty typical, especially when you start to see it down. It goes up and it goes down. We see it going up.

I’m recording this before the elections. The market is going to start going down more so after the election. This is the beginning of November. The Feds announced the rate increase, which I knew they would. They’re going to announce more even into December and 2023. There are going to be plenty of more rate hikes still to go. Many people are denying that it’s going to be that bad.

MORI 661 | Stock Market
Stock Market: There will still be plenty of more rate hikes, and many people deny it’s going to be that bad.


With the rate hike that happened at the beginning of November, we have the federal funds rate at 4%, which means prime rates at 7%. There was talk previously about, “They’re going to stop around 4.6%.” I hate to break it to you. Based on Jerome Powell’s strategy, they’re going to keep running it up well above that 4.6%. It’s going to go up more than 0.6%. I don’t think you’re going to see going to December or mid-December where they say, “We’re going to raise it 0.5% more, maybe 3% or 4% more and then we’re done.” They’re going to keep going.

This is the denial phase. Many people are in denial. They don’t think it’s going to keep going but if things do keep running up and they keep driving the economy down, that’s going to drive profitability in companies down way more than what they expected driving the valuations of those stocks and companies so much lower to the point where they have to reanalyze how to evaluate the values of companies.

For the most part, they’re evaluating companies based on low-interest rates but if you take away those interest rates, it starts to change the format of how profits work in those companies, especially where there’s a lot of lending and loans involved or short-term type stuff. That’s very typical in the tech industry, which sadly enough, tech is a big percentage of the S&P 500, even the big six like the FANG stocks that they talk about.

Those stocks are about 25% of the S&P 500’s total movement because of their size. The size of those companies is so big that they influence a large part more than the other 494 companies. That’s something to be concerned about. I’m predicting that it could happen by the end of 2022 but most likely, you’ll start to see this more in 2023. You’ll start to see the fear set in because as markets go lower and then people say, “I’m down 30 or 40%,” then there’s fear.

Once you get to about that 40% losing part or 50%, then it gets to panic. This is when people start to worry and don’t want to sell at all. Some will sell off and say, “I’m out. I can’t handle it anymore.” This is why many financial advisors will say, “Don’t sell off. It’s at the market bottom. That’s why everybody does. They get emotional and sell-off.” It’s true. You sell off too low.

Understand where the market is still above 2020 and where it was back before COVID. Even if you said, “I’m losing money,” no, you haven’t. You might erase most of the gains from the last 2 years possibly but those last 2 years were fake anyways so what are you worrying about? That’s what people do. They wait until it gets to the bottom and then that’s when the anger sets in. When the anger sets in, that’s when people typically bail. That’s when the dumb money leaves.

Remember, there’s smart money and dumb money. Smart money is always acting faster than dumb money. The smart money has already been getting out of the market, which is why it’s been going down all year. There are already plenty of investors that have been pulling their money out or have already pulled out into cash or moved into other places trying to avoid being in these market conditions. They’ve already pulled their money out.

They don’t want to tell you that they’re going to pull out. They want to pull out first before you pull your money out. They wait for you to start panicking and pull it all out. You get that panic and then you get angry. This is the key point to knowing when to buy in any market if you want that once-in-a-cycle opportunity so to speak.

The point is this. Not just the media but even your next-door neighbor, your brother-in-law or that classmate that knows nothing about money starts saying the stock market is a bad place to be, that is when you know we’re about to hit a market bottom. That is the time. That’s when it happens. It’s the same thing that happened with digital currencies, even on the upside.

I knew that when I had a high school classmate that knew nothing about money asking, “How do I buy a Bitcoin?” What is a Bitcoin? That is called dumb money. It’s when they want to go and buy something they know nothing about. They heard about it and it’s now mainstream. When something becomes more mainstream, which is on the news often, that is when you know the opposite is going to occur. If everyone wants to buy at that point, that’s the point you should probably be selling. When dumb money wants to start taking their money out of the market, that’s when you want to go in.

Think of the masses like people that are in a New York City type of situation and there’s some big monster crashing through the city. Maybe it’s Avengers where aliens are coming through and killing people. You see crowds of people running away from those aliens or monsters. They’re running away scared and screaming. That’s the time when you start running towards the battle. You look crazy. You look like an idiot. You look like someone who’s got a death wish.

That is the time you’re running towards where everybody’s running away from. You’re running towards that point because that is where people are leaving and that’s when the smart money gets in. Smart money gets in when everybody wants to get out. When you start seeing that panic leading to anger and people saying, “The stock market is horrible. I should have so much money but I lost so much money in the market. I’m so angry about this.” That’s the time you’re going to gamble in it.

I would not want to do that. I would maybe throw in a little bit of money as I did with digital currency after Bitcoin went down to $6,000. I bought some of that point because I knew that people were fleeing and all the Bitcoin enthusiasts had gotten quiet. They’re all calmed down because they lost 2/3 of their money in a matter of months. Not too dissimilar from where it is right now. Although I haven’t heard a lot of people say, “Bitcoin is bad.”

That’s why with digital currencies, I wonder if maybe it could go lower from where it is. Generally, you’re not hearing all the markets say, “Digital currency is horrible.” Now if you hear everybody saying it, that might be a good time to buy. The same thing with real estate. The crazy thing with real estate is people say, “It’s overinflated.” It’s true in many markets, especially with buying residential homes, things like that for your house. It’s ridiculous, especially in the Western half of the United States.

Think about this. Many times, even as the real estate market was coming back up, there was a lot of disbelief. There are a lot of people saying, “I don’t know so much. I’m not so sure.” Maybe it isn’t real estate. It could take at any time. I heard more people talking about that. The stock market is taking at any time. People lost tons of money in the stock market during the last recession but as it came back up, people have short-term memory loss. They focus more on real estate because real estate is your home. There’s more of an emotional tie to that than your stocks.

Stock is like, “I gambled. I lost in Vegas. I learned my lesson.” That’s how people treat it. With your home, it’s personal. It’s emotional. It’s your home, not just a house. It’s not real estate. It’s the place where you dwell and try to raise your family. It affected a lot of people emotionally and that’s why there’s so much emotion wrapped around it.

That’s why even leading up to 2020 and 2021 as real estate is booming, people were still in disbelief to some level. The masses still didn’t want to buy real estate thinking it was going to go down at some point. That’s how I know real estate never hit a bottom. I’m not saying the Western half of the United States and even certain pockets of the country are going to see some settling of prices but when we invest, we don’t even worry about those prices. We worry more about cashflow and profit.

How do we make cashflow off of that regardless of where the price is? That’s how we make money in any market. It’s coming back to this. With those market cycles, there’s different psychology behind it, those emotions. That’s what you look for. You listen to what people are saying. Don’t get caught up in the media and everything else in a sense of listening to them for advice. Listen to them for clues. Clues about what’s happening and how people are feeling. What’s that sentiment?

The media likes to skew it so I don’t want you to put too much weight into the media like the news itself. They like to go for whatever gets people to click but listen to people. If you’re at a job, listen to your coworkers. What do they say about their 401(k)s? Listen to your neighbors and what they say. You will hear these emotions coming in. There’s between anxiety and denial. They’re a little nervous that they’ve lost some money. They’re in denial that it’s going to go lower. That’s a time that you realize it’s going to go lower. They haven’t hit the fear, panic or anger yet. Once you get to that point, it comes back.

As you go through the cycle, there’s depression, which is where you’re about to market bottom. People say, “It’s horrible. I’ve lost so much money.” They move through that cycle and then eventually things start to recover. They’re like, “Hopefully, I won’t lose more money.” It doesn’t mean that they’re thinking, “I’m going to buy right now.” They’re thinking, “I hope I don’t lose anymore.” It moves into that belief and then back to optimism again as things start to recover. That’s how those market cycles work.

I’m doing this for your education. Even trying to make long-term predictions is hard. Timing is tough to do but you can listen, keep your ear to the ground and ask what’s going on and how people are feeling. If you understand that and get that pulse, you’re going to start to notice where the opportunities can lie. With the stock market, my prediction is that it’s not done going down yet. We got plenty of room to go.

Don’t listen to those financial advisors who say, “Keep buying all the way down.” If the financial advisor is good, they would say, “Wait until there’s that anger or panic. That’s about the time you should start looking at putting more money in. Save your money. Don’t put it in now while it’s going down. Save it until it hits bottom. Buy a bunch, wait for it to rise and make a lot more money.” That’s if I were to do the stock market.

For me, I like to avoid all these bipolar emotions that you get from the stock market and all the gambling that goes on with it. I like predictability. I’ve been through hard times financially. I don’t want to have to gamble my future and my family’s hope and peace of mind on something that I have no control over. With real estate and the types of investments we talk about, I don’t have to be actively doing it. I have to watch it. I can manage it but I’m having other people do it, those that have been through multiple market cycles, at least one full cycle. Knowing what to look for and how to adjust on the fly so that you make the best dollar and opportunities but most importantly, you don’t lose money.

Nothing is guaranteed. There’s always a risk. In real estate, you could lose a lot and everything potentially. In the stock market, honestly, you are very unlikely to lose 100%. There are things like that. That’s why you need to make sure you have people you could trust and the right people that you’re investing with. Two, that you’re investing in the right things and diversifying the way that money is coming in that’s paying you consistently. You’re getting that return now. You see that benefit now, not like, “I hope and pray this works out for me.”

That’s the kind of investing I’m trying to help you understand more and more as you read these episodes. If you have questions, go to Reach out to us but make it a wonderful process week. Watch, keep your ears to the ground and pay attention to what’s going on. Listen for these signs and you’ll start to see and predict the market cycles like we’ve talked about in this show. Make it a great day.

The post Has The Stock Market Hit The Bottom Yet? | 661 appeared first on Money Ripples.

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How To Tap Into Your Inner Guru With Kara Brandt | 660 Fri, 11 Nov 2022 14:00:00 +0000   How do you overcome the scarcity of your money? What are ways you can tap into your intuition (inner guru) to make empowered decisions in your life and money? And could it even heal your body or emotions? Kara Brandt, the CEO of Beautiful Life Mentoring, shares some keys that not only helped her… Continue reading How To Tap Into Your Inner Guru With Kara Brandt | 660

The post How To Tap Into Your Inner Guru With Kara Brandt | 660 appeared first on Money Ripples.


How do you overcome the scarcity of your money? What are ways you can tap into your intuition (inner guru) to make empowered decisions in your life and money? And could it even heal your body or emotions?

Kara Brandt, the CEO of Beautiful Life Mentoring, shares some keys that not only helped her heal her body and emotions but heal her overcome challenges in her money and marriage. Find out how she did it!

Discover your inner guru today! Join Kara in a free five-day event HERE. Start living your beautiful life now!

Watch the episode here


Listen to the podcast here


How To Tap Into Your Inner Guru With Kara Brandt

Welcome to the show that’s for you, those of you that work so hard for your money. You’re ready for your money to start working harder for you. You want that freedom of cashflow now, not 30 or 40 years from now so you can live that life that you love but most importantly, with those that you love. It’s not just about getting rich. It’s about creating a rich life because as you are blessed financially, you have a greater capacity to bless the lives of others and create that ripple effect. That’s what I’m so excited to do here with you.

I appreciate you for allowing me to be a part of your world and create that ripple effect through you. Thank you for tuning in. You’ve been sharing these episodes. I’ve had other people say this. We had some clients that are housed. They said, “These people are the coolest people I’ve ever met.” That’s true. You are here because you’re doing that. If you’re not cool, you probably wouldn’t hang around. You would probably find some other schmuck to listen to. I appreciate you for tuning in because you are amazing salt of the Earth people and people that want more out of your life than the standard status quo.

As a reminder, go to our website,, and check out the Passive Income Calculator we have. You can use that. Find out what you can create in the next twelve months when it comes to passive income. It might be a few thousand or it could be a few hundred thousand. Whatever it is, I would love to be able to know what that number is. If it’s a good number, let’s see if we can help you with that. Check that out at

I’ve got a special guest here, one of my dear friends who even became a client, Kara Brandt. To give you a little bit of background on Kara, the reason we brought her on here is that we talk about the financial part of it, but it’s not just about getting rich. It’s about living a rich life. You cannot have a rich life if you’re money rich. You’re just rich. You have a lot of money, but if you don’t have the emotional or the physical health to go with it, it doesn’t matter. That money is going to be gone anyways. That’s exactly why we brought Kara on.

I’ll give you some background here because she’s got this awesome background. She’s a professional singer. She’s also a speaker. She’s an empowerment coach. If it weren’t enough that she’s talking about the subject, she does some pretty cool stuff. She’s an amazing singer. She’s the Founder and CEO of Beautiful Life Mentoring. She has performed and coached in the US as well as internationally.

She’s passionate about helping individuals living with chronic illness and emotional or physical pain, especially after years of doing this work with her chronic illness which she will talk about here. It’s almost like these invisible illnesses that show up that sometimes doctors have no answer for. Maybe that’s affecting your day-to-day life where you say, “I don’t give a crap about the money. Help me live so I can start living.” That’s exactly what we’re going to talk about. She’s married to a great guy named Rob. Here’s a shout-out to Rob out there, as well as her four beautiful kids. Kara, welcome to our show.

Thank you for having me. I’m so blessed to be here.

We’re blessed to have you too. I was going to say, “Yes, you are,” and that’s true, but we’re blessed to have you. Otherwise, you wouldn’t be here because you’ve seen this show. We don’t bring people on unless we think they’re the real deal.

It’s an honor.

Give us a little bit more about the background of your story because that’s where it led to your passion and how you’re helping people. Tell us more about that.

You mentioned that I’m a singer. My dream was to be singing and performing on all the major opera stages in the world. I was able to do some of that to some degree but I was held back a lot by the physical illness. As a classically trained singer, if you know anything about classical or opera, your body is the instrument. If you’re not feeling good, then your instrument doesn’t work right.

I shifted into teaching voice lessons for years and then got sicker. I started having babies and then had this breaking point when I was pregnant with my third baby. I’m sitting on the edge of the bed. The next thing I know, I’m waking up from this coma-like sleep from several hours of being out. My two other kids had been unsupervised. I didn’t know it then but I had a mini-stroke.

For years after that, I was having these mini-strokes because of an underlying heart condition that was resolved eventually, but it was that moment, “I cannot let this happen again. I have to do something.” It was that shift in me of the mother bear drive to do something different. I got outside of the box of Western medicine because I had been to so many doctors. They couldn’t figure me out. Some of them said, “It’s probably all in your head.” That was what I wanted to hear.

To some degree, they were right, not that the symptoms weren’t real but over the years I went into this journey outside of the box, I learned the power of the mind and the connection between the mind and the body. For so long, I was treating symptoms because that’s usually what Western medicine is geared towards. We need Western medicine. I’m grateful for it but we need to be able to get to the root of the issue. Sometimes it’s emotional. Sometimes it’s trauma. Sometimes it’s mental.

There could be any cause for this but we have to remember that we’re whole beings in mind, body, and spirit. We can’t look at it from one angle. It led me to my mission and purpose and this passion to help other people. Along the way, I found myself creating this method based on what I learned was most effective in finding answers for my body. It came down to learning how to trust your inner voice of wisdom and truth.

I believe that we’re divine beings. We’re not physical beings that die and then somehow disappear. We live on. That divine part of us is always connected to the truth that is unique to our situation. If we can learn how to listen to the body and that inner voice of wisdom, then there’s no limit. We can tap into all truth regardless of whether we’re building more wealth, better health, or whatever it is.

I remember being at your house with that awesome group of people and somebody making a comment, “What should I do in this?” I remember sitting there thinking, “Your inner guru knows. Tap in and feel it out a little bit. You will know,” but what I’ve learned is that this isn’t a nebulous abstract idea. There are some tangible, actionable, and practical steps that we can take to cultivate this skill. That’s how the Inner Guru method was born. That’s why I’m here coaching people to help them learn that.

You’re talking about a few things on some important fronts there. The body is the vessel that we use to be able to create value. That’s ultimately what allows us to be able to create more, whether it’s more happiness, more joy, better relationships, a longer life, or even more money too. That’s all tied together. I like what you’re talking about with this Inner Guru because I’ve mentioned it on this show a few times. The investing 202 that comes with it is tapping into your intuitive force or intuition and understanding and listening to that voice.

That person was stuck in the left hemisphere of their brain. They’re stuck in that logical thing and trying to weigh the pros and the cons. You were feeling the same thing I was, which is that you already know the answer. It has already been talking to you. It’s already coming out in your language. You have to listen to yourself. That’s hard for a lot of people. I’ve had clients even say, “How do I do that? I can’t trust my intuition.” What would you say to someone like that who says, “I don’t know how to trust my intuition because I’ve made bad decisions before?”

I like that you brought that in because our human nature brain is built to protect us. If there’s past evidence that we have messed up or we have done the wrong thing, we tend to latch onto that as a protective measure to say, “I better not do this again because that hurt. That was uncomfortable.” I talk about this metaphor. You get to decide where you live in the present moment. You were living there, “It hurts when I do that so I better not ever do that again.”

It’s that house of fear. You get to choose a new house. Think about it in real estate terms. You get to build a new house in your mind, soul, and body that says, “We don’t live in the fear house anymore. What’s true? What can I be certain is true about this situation?” When we can use the truth as our anchor, then we can see things as they are.

The emotion wrapped around the old way of being and the evidence that proves to us that it’s for sure going to happen melts away. We can say, “This gets to be a new day or a new situation.” Am I that same person? Maybe. Maybe not. What do I choose? What do I want? What do I desire? That’s based on the evidence of the truth. Explore evidence. There’s always evidence.

Explore the evidence of what you desire or what is already true. There’s always evidence that supports what you desire that already exists in the physical world but our brain is wired and trained to look at what hurt because it wants to protect us. We have to get out of that primal brain and say, “Even though that’s where we used to live and that’s what we used to do, we’re going to do something different.”

Tell people more about what is it you’re doing. How are you mentoring or helping people? Who are you specifically mentoring? Is it people that have these chronic illnesses or traumas? Does it go beyond that?

Honestly, I have had such a wide range of clients, even children. Children are some of my favorite people to work with because they shift so fast and they don’t have as much old programming to work through. I am mostly drawn to women because I believe that if women can heal, tap into their true potential, and feel good inside and out mentally, emotionally, and spiritually, the world will be a much different place. There’s something about what the divine feminine brings to this world. I’m more drawn to them but I’m always open to anyone that feels stuck.

If women can heal and tap into their true potential and feel good inside and out, mentally, emotionally, and spiritually, the world will be a much different place.
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If you’re in the hamster wheel of life where it’s like, “I’m going and going. I feel like I’m unconsciously reacting to everything,” or you have this mindset, “Everything is happening to me,” the truth is everything happens for you. Nothing ever happens to you. It’s always for you. It’s always in your favor. What I’m doing honestly is for anyone that wants to take the reins or the wheel of their journey of creating their most beautiful life in whatever area that is. The approach that I take is mind, body, and spirit. We address all of those pieces.

Have you seen that help in your life?

In a nutshell, I’m alive. I’m still here. I dealt with a lot of suicide ideation and a few failed attempts, to get vulnerable and real with all of you because living was too painful. It felt like the easy option because you crave it. Whether it’s your physical pain or emotional pain, sometimes it gets soul-crushing and devastating that we think that’s the way out. I’m here but I’m not just here. I’m thriving. I’m living a life that I never imagined possible in all those years that I was stuck in bed thinking that this was how I was going to be for the rest of my life. My kids would always have this memory of their mom in bed, cranky and shut down.

I’m myself again. Not only am I myself. All the components of my life are coming together financially, thanks to you. You’re amazing. My marriage is doing so much better. My kids are healthy and thriving. We’re exactly where we want to be. We know where we’re going. When there’s flow, movement, and expansion, it’s so juicy. That’s a beautiful life. That’s why my business is called Beautiful Life because it’s all about creating that beautiful life, whatever that looks like for you. I’m living it. It’s such a gift.

That was going to lead to my next question. Why would you do this? You are fine. I know your situation. You don’t need to be doing this. What is it that you want to accomplish with this? Why are you wanting to do this?

I’m going to cry for the simple reason that I’ve been there. I have that depth of empathy for those who are stuck and those who are in unnecessary suffering. I can’t sit there and watch without even creating a platform and a space where I will invite. If they want to come, it’s great. If not, that’s their choice but I can’t not try. I can’t not share the golden nuggets that I’ve achieved over the years because what was it all for? What was the point? There’s always a point.

I can’t help but think how many of these women or men or whomever it is are thinking of ending their life. How many of these people are dealing with unresolved trauma that they don’t even know what to do with? Conventional therapy isn’t touching it. You can’t talk it away. There’s so much suffering. We have to raise the vibration of this planet, not to sound too woo-woo or anything but we have to.

That’s true. I feel you. I can feel that. That’s the thing. You’re like, “I can’t just sit around and do nothing.” When you’ve been blessed with something, you have something that helped you and can help others. You can either sit on it and say, “It was good for my life but what about the rest of the planet? What about your other brothers and sisters?”

For anybody who wants to know what Kara does or even get more information, check out her website to understand more about who she is and what she does. What you’re describing is not just a few small minorities. This is something that I see more prevalent even among people you think are strong or put-together people. Their lives are crumbling in those quiet recesses of their minds and those quiet moments when they’re by themselves. You never know. The mission you’re on is essential. It has to be there.

I feel the importance of it. I am so honored and excited that I get to be in the role of bringing this information. I’m not the first one that has ever talked about this but it’s a unique approach because it comes from my experience. It has been a great ride.

It’s true. What’s good in making a whole ton of money if you don’t have a life to enjoy? That’s what you’re here to do. You’re trying to take control and take those reins. Many people feel like their life is happening to them, not for them. The most skeptical people will say, “That’s a nice platitude. It happens for me. My life sucks,” but it’s true. It is that perspective shift that has to happen to figure out why it’s happening. We have all had challenges of different sorts and variations. It’s how we are able to overcome that.

Moving along those same lines, there are people who are reading this like you in this situation. You’ve been focusing a lot on this mastery. Someone brings in the topic of money that has these triggers and scarcity to go with it. What advice would you give them now as you’ve been going down that journey yourself and using it for you? What advice would you give?

The biggest thing for me was connecting to the truth because I had so many stories wrapped up in money and so many stories wrapped up in being a victim of my husband and the scarcity mentality. While it’s valid and important to feel your authentic feelings, and I talk about that, there’s a difference between wallowing in it or being a slave to your story versus observing your story and sitting with it rather than in it.

I gave myself permission to sit with all of this resentment, “Why is money such a pain point for everyone?” It’s probably one of my biggest pain points. Our money struggles over the years attributed to my health and my chronic issues because of the stress but that stress usually revolves around my story or what I perceive is happening versus what is happening. When I was able to pair away all of the stories that I couldn’t be certain were true, then all that was left was a few truths that were life-changing.

Suddenly, all the shame melted away. All whatever was swirling around. That was causing so much angst and shutdown because if you can’t see clearly, then it’s almost like you’re stuck in this fog. You stop because you don’t make progress. We started making progress when we were able to ditch the story, get to the truth, focus on the truth, and work with that information to make informed decisions moving forward.

That’s what I tell people. Once you get to the strategy part, that’s the easy part. It’s the head trash, dealing with the emotions, and everything else that goes with it that becomes an obstacle for you.

It’s so messy. It feels so real to you. When you’re in, it’s like, “I deserve all this shame. It’s so real.” You feel it in your body. I feel all of this very physically. Not everybody does but it can be all-consuming based on a false idea, a false belief, or a trauma that wasn’t even real or true.

How did you get over that? When it comes to money, most people will flee away from it. They will say, “I’m going to avoid the conversation. I’m going to avoid dealing with this pain because it hurts. Bringing up the past hurts. I want to flee from it.” What do you think would be a good first step? I’m not saying you could solve it all in one step. What would be a good first step for those people that have that trauma or pain around money and those negative triggers?

There would be so many things you could do but to simplify it, get clear on what you desire. Some people aren’t even in the habit of asking themselves, “What do I want?” They’re so used to survival mode. At least for me, I grew up in a family where there were thirteen kids. It was always like, “We don’t have money for that.” I grew up believing that I wasn’t worth good things. I wasn’t worthy of having good things. I stopped dreaming and thinking about what was possible for me.

MORI 660 | Inner Guru
Inner Guru: There would be so many things you could do, but simplify it and get clear on what you desire.


Give yourself space and permission, “What do I desire?” You have to get focused on that vision or that end goal. There needs to be something that you’re working towards if you’re nebulous. I started giving myself permission, “What is it that I want if money was no object or if money wasn’t even an issue?” My soul of souls is like, “Deep in my soul, what do I desire to create?” For me, it was financial freedom or the freedom to create an impact in the world. As long as I was a slave to my finances, I could only do so much. I had to get clear on what my vision was, my goal, or what I wanted to create.

Freedom is the freedom to create. I think of the Mark Twain quote when he said, “I can help people get whatever they want in life. I just can’t find anybody who knows what they want.” That’s true. It’s that clarity, that direction, that why, or even the what. They go together hand in hand. Why do you want it and what do you want? That does help pull you towards that vision, that objective, or the very goal that you want.

I always tell people, “That why or that motivation has to come from a place inside of you or it has to be strong enough that it gets you out of bed in the morning regardless of how you feel. It can pull you out of the toughest circumstances because you’re so locked into that why.” At least from my experience, it needs to be motivated not by fear. There is a place for that because it can get the ball rolling but eventually, you have to shift into a place of love. Love has to be that motivating factor.

I love it. That’s powerful. There’s no pun intended when I say I love that but it’s true. Love is a powerful force. I’m going to ask you one more question because I keep saying this in my head. I’m like, “I’m going to ask for one more question,” but I have to tap into your genius for one more time, Kara. I’m switching people. I went from people like you who come from the heart. I want to go from the people that come from their heads or their brains too much.

Coming back to that question, I have people say, “How do I know what’s right?” You’ve experienced this because you’ve been talking to our network of people with investments and things like that. You’ve been down this path. You’re currently doing this. What’s the way that you’re able to feel and understand whether that’s the right investment for you?

I hate to say do because it’s part of being but I try to keep it more practical for those that are stuck in their heads. If they’re coming from that space, what is the way where they can say, “I can’t decide because there’s this. I’m using this pros and cons list,” or whatever they’re trying to do? They can’t decide what to do and which direction to go. What do you feel is the best way for them to get out of their heads and get into what’s tuning into their inner voice?

I love working with people that get stuck in their heads, especially the analytics because it’s fun to crack that code. I don’t want to oversimplify this but honestly, the easiest way is to write it down. Your brain is powerful. It’s real. The logic side of us is good at exploring options and gathering data. Write down all the different options that you have and lay them out in front of you. The next step is sitting with each of them. It’s almost like you’re going to a dressing room, trying on a new outfit, and saying, “What do I like best? What feels good on my body?”

You do that with these opportunities. You put them in front of you and give yourself a chance to try them on, “If I was doing this, what would my life be like? What would be the pros? What would be the cons?” You’re putting yourself in that situation as if it already were. You try it on like you’re trying on a new suit or a new dress. You take notes. Take that dress or that suit off and try the next one on. It takes a moment. It’s a type of meditation I suppose but it’s also very logical.

I wouldn’t say, “Get out of your head and get into your heart,” because some people work and function better from that logical place. Add the heart into it. Maybe that’s a skill they haven’t fully developed yet. That would be something we would work on in your Inner Guru. The next thing I would say is to learn how to become present. When we’re connecting to our inner guru and getting those answers of truth, we have to be fully present. We can’t be in yesterday or tomorrow because those don’t exist right now.

The truth only happens right here. It’s making a conscious intention to be like, “I am right here,” turning off notifications, quieting your mind, being in a space where you’re not going to be interrupted, and reminding yourself that making this decision and hearing these answers is a being exercise. It’s not a doing or thinking exercise. It’s a being. Being involves all the parts of us and all of our senses that come into play in helping us feel, connect, and access all the different answers or information that we’re looking for.

That’s true. When you bring that up, it brings up a few different ways that I feel it. Sometimes it’s a feeling. It’s almost a heavy feeling versus a lighter feeling, “That feels good.” I get that sometimes. There are other times when it’s almost like a mind. It’s not physical but it’s almost in my eyes or something I might highlight if I’m looking at words on a menu. This might be good practice for people. If you’re going to a restaurant, there’s no risk here.

If you’re looking at the menus, your brain already subconsciously is picking up all the words on the menu even if you have consciously read word for word what are the ingredients in that dish. I started practicing this more with my wife, Adhis. If I look at a menu, sometimes there’s something that pops out. There’s a very faint spotlight on that particular entree or maybe a couple of them. My eyes will go there. It will ignore the rest but it will go to those places.

I notice that even when I pick investments. It’s the same thing. It’s almost like my mind naturally wants to go there or my mind won’t leave it alone. It keeps coming back to that same thing. It’s the same thing if I hire a coach. Sometimes my mind wants to go right back, “It has been a week. I’m still thinking about this person. Other people come into my life and present stuff. I can’t even remember their names anymore. I don’t even remember who that was. That’s not right for me but this is stuck in my brain. I can’t get it out. This must be the right path.”

Those are some great distinctions and some great examples of what that could look like for sure. I love that.

Kara, this has been awesome. We said, “We will have you on for fifteen minutes.” We went a little bit longer, but this is important stuff because I know that we don’t always address this. Sometimes we get to the mechanics, the whats, and the hows, but we don’t always get to the mechanics of everything else that apply to this that creates a well-rounded wealthy person in their life. Thank you for joining us. I appreciate your time and your generosity in giving so much and giving extra on this interview as I keep picking your brain more.

Thank you. It has been a privilege and an honor. This is such an interesting space to share this information. It’s true. It applies everywhere. Thanks again.

For everybody else, it’s the same thing. If something won’t leave you alone and you’re like, “I need a look at this,” visit Kara’s page, look her up, reach out to her, and say, “I don’t know even know why. I feel like I need to reach out to you. I need to tap into that inner guru.” Take action on it. Don’t let it go away because that’s usually one of the best opportunities to leave you. I appreciate you tuning in. Go and make this a wonderful and prosperous week in your life. We will talk to you later.


Important Links


About Kara Brandt

MORI 660 | Inner GuruBrandt is a professional singer, speaker, and empowerment coach. She is the founder and CEO of Beautiful Life Mentoring. Kara has performed and coached in the US as well as internationally. Kara is especially passionate about helping individuals living with chronic invisible emotional or physical pain. After years of doing the work to heal her own chronic invisible illnesses, she has developed a method to help others discover and harness their own inner guru.

She believes that this is the single most important skill to learn in order to be truly successful in life. Kara is married to her best friend and mother of 4 wonderful boys. In her spare time, she loves to paint, travel, and spend time with her family and friends. Kara believes that it is completely possible to create a fulfilled, beautiful life regardless of your circumstances.

The post How To Tap Into Your Inner Guru With Kara Brandt | 660 appeared first on Money Ripples.

The Invisible Tax | 659 Thu, 10 Nov 2022 07:51:14 +0000   We often hear politicians talk about taxing the rich. But what invisible tax do politicians use to tax THE POOR and MIDDLE CLASS? In this episode, Chris Miles reveals the hidden tax that the government has been using to increase its spending, creating the next financial crisis. The good news? Chris will share how… Continue reading The Invisible Tax | 659

The post The Invisible Tax | 659 appeared first on Money Ripples.


We often hear politicians talk about taxing the rich. But what invisible tax do politicians use to tax THE POOR and MIDDLE CLASS? In this episode, Chris Miles reveals the hidden tax that the government has been using to increase its spending, creating the next financial crisis. The good news? Chris will share how you can beat it. Learn how by tuning in to the Money Ripples!

Watch the episode here


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The Invisible Tax

This show is for you, those of you that work so hard for your money. You want your money to start working harder for yourself. You want that freedom of cashflow now, not 30 or 40 billion years from now, so you can live that life that you love doing what you love. Most importantly, it’s not about living without getting rich. It’s about living a rich life. It’s about creating that ripple effect through the lives of others because as you’re blessed financially, you have a greater capacity to do that.

Thank you for allowing me to do that in your life. Thankfully, so grateful for you. I’m grateful for the questions you guys asked that inspire me to be able to create more topics in the show. By all means, please keep reaching out to us at for any questions or topics you’d love to read on this show. Also, if you haven’t done so already, take the passive income calculator on there now and find out how much cashflow you can create now.

I want to talk about this invisible tax, a tax that the government’s put on you that, although you’re aware of it, you don’t realize how bad it is. In fact, this is the tax that politicians don’t care about. When it comes to the poor and the needy, this is the one that hurts the poor and the needy the most. This is the tax that affects everybody, especially if you’re poor and middle class, in the lower middle classes, you’re affected the most. You get taxed the most. No matter what comes out of their mouth, they’re all telling you BS because the truth is this tax is the worst of them all.

Which one is it? It’s not income tax. It’s not even your death tax. It’s inflation. I know the topic of inflation has been talked about a lot lately. Even I’ve brought it up on a few episodes as well, but I want to really get into inflation. If we go back to what Rabbi Daniel Lapin said, he said, “Inflation is just evidence of corrupt government, government being corrupt, throwing money at you, throwing money at everybody, then that money circulates.”

It’s true. When you have more money circulating, it does improve the economy without people printing money. The fact that people are exchanging money with one another, exchange between two people create wealth. That’s a good thing. What happens, however, is that between the Feds, which are a bunch of bankers, if you come down to it, the Feds are not government officials. They are bankers. They work and operate and own banks. Big banks, by the way.

You then got the government where they work hand in hand, even though they’re supposed to be separate entities and not supposed to influence each other, the truth is we know that’s different because even the government helps appoint who’s going to be the Fed’s president. These are appointed individuals in these positions. They’re really jobs.

There is a little bit of pressure going back and forth. We saw and heard the Fed say, “Inflation is out of control. We need to raise rates,” but what they haven’t said is, “Inflation is out of control because we decided to print a crapload of money more than we ever have in history. We lowered rates, making it easier for people to create and spend and essentially, drive up prices.”

The problem with that is that it sounds great. It sounds like it’s helping our economy, especially after COVID, but the truth is, they were tightening on money before COVID. From 2018 going to 2019, they were tightening on money and they were even starting to drop interest rates because they were seeing a coming recession. Conveniently enough, COVID came into that play between that and everything else in the world. The next thing you know, we’re delaying, postponing, creating a much bigger bubble. I’m trying to remember what I had called it.

I know some people called the everything bubble. I call it the income bubble or I can’t remember what it was now, cash bubble. Essentially, it was creating a big amount of cash that was going around. People didn’t know what to do with the cash. People were getting payments. They were getting either their tax credits early for their children or paid money in general and even getting forgiveness for student loans, rent, and everything else.

All this was playing out, giving people more cash to be able to spend and drive up prices. You can blame the consumer for this. You can blame the American for this, but the truth is, it’s because the government loves inflation. If they can keep rates down while inflation goes crazy, that’s good for them. The truth is the government doesn’t want to pay down their debt at all. Unlike most people who say, “My goal is to pay down my debt,” the US government, even though they give lip service to it, never want to pay off their debt.

Government loves inflation. Because if they can keep rates down while inflation goes crazy, that's good for them.
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They don’t have to. As long as someone’s willing to invest in our bonds, which now looks pretty enticing because we’re the first ones that start raising rates. We are like the bank that has the better interest rate compared to the other banks out there, AKA other countries. People are still buying our bonds. As long as people are buying our bonds and investing in US bonds, which are supposed to be solid and secure, they can keep raising and spending and printing more money.

That is the invisible tax that we’re all dealing with now. Most importantly, that is hurting the poor and middle class. I want to bring up another subject, an ancillary subject, about minimum wage. There are two different schools of thought. You get the more liberals that will say, “Minimum wage is necessary. It’s not fair. In fact, we should raise the minimum wage.” In fact, that’s what we heard in the last couple of years, wasn’t it?

Inflation’s going up, we need to raise the minimum wage because people can’t live on that. Interesting statistic, when I looked it up, only about 1% of Americans are paid at the minimum, but they sure make it sound like the entire poor class is paid at minimum wage, don’t they? If they raise it, that does mean that some of those people that were over minimum wage might get bumped up a little bit. For the most part, people aren’t affected by it.

Most companies have learned something that I’ve also learned, both as an employee, although I thought of it differently as an employee and as an employer. As an employee, I was more of that liberal person. I was thinking, “I deserve this. I need more money.” I have that entitlement mentality, which does not work in real life. It does not work in getting you paid more money.

I thought I was entitled to more because I used to work for minimum wage. I thought it would be great if they forced it higher because those companies were exploiting my labors. I was a hard worker and that wasn’t necessarily a why. I was a hard worker. I sometimes work harder than my coworkers and that made me angry. Why? It’s because they were also getting minimum wage.

What I didn’t understand is that there is a key thing here. It’s that dollars follow value. The more value you create for somebody, the more you get paid. I eventually did get hired away by another competing company that said, “We’ll pay you more if you come work for us and help us start our company.” This company was a pizza restaurant. That’s what I was doing. I was working in a retail business. I was at a pizza family, mom-and-pop restaurant and I got hired by another one.

I was used to minimum wage. I got paid to clean toilets and bathrooms in college. When I was in college, I cleaned up all that junk, minimum wage. I got paid a little bit over minimum wage but not much more, but it was fine. It wasn’t great, but it was okay. Why did I get paid that much? It’s because that’s what I was willing to accept. I was willing to accept less because I valued myself and my time less.

The truth is you never accept a wage unless you believe your time is worth less than the money you accept. You think that money is worth more than the time you’re exchanging. I’ll tell you now, two of my kids will work at a grocery store and now making $12 an hour. I thought that was incredible. When I was working in high school, I was getting paid the minimum wage of $4.75 an hour. Now they’re making $12.

Never accept a wage unless you believe your time is worth less than the money you accept.
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They’re making more than the minimum wage here in Utah. Why? It’s because employers figured out they can’t pay minimum wage and they get employees, so they got to pay more to them. That’s a whole conversation right there because, obviously, people are willing to accept minimum wage, which is why 1% of people get paid it.

By the way, just so you know, the majority of those people are between the ages of 15 and 24. They get paid minimum wage. Secondly, though, is that I personally will never work for $12 an hour. I don’t think it’s worth it, but it’s not worth my time to work for $12 an hour. I think my time’s worth over $1,000 an hour. That’s what I demand. As a result, that’s what I accept. I will never take $12 an hour. Now someone says, “Chris, will you work for me for $12 an hour?” “No.” “$15?” “No.” “$20?” “No.” “$100?” “No. Keep going. You got to get up there.”

This is the only way if you want to raise. You don’t even need a minimum wage. I understand that minimum wage had good intentions in the beginning. It helps especially women and children who were being exploited back in the late 1800s into the early 1900s. They were being exploited. They had to find some way to boost that up. In truth, the minimum wage is a joke. It’s something that makes politicians sound like they care when it only affects 1% or 2% of the population. It’s not affecting anything, is it? It’s just making them sound better.

Truth is though that minimum wage in those sectors in food and in retail has driven our prices up. It has affected inflation. Not completely. I don’t blame all inflation on that. Someone says, “Minimum wage is going to drive up inflation if they raise minimum wages.” A little bit. Not totally. Only in a little bit of certain sectors. For the most part, it doesn’t do squat.

It’s a little bit but not as much as what the government and the Feds have done together because, again, the Feds and the government are in bed together whether you like it or not. They’re telling you, “We need to raise rates. We need to print more money,” so you can spend more of it. Got it. Thanks. That’s awesome. Why don’t you raise our tax while you’re at it?

You don’t want to raise our taxes because that’s not great for votes, is it now? What’s the alternative? We can’t raise taxes to raise money to help pay, at least to keep the money going a little bit longer and not creating massive out-of-control inflation. If we don’t raise taxes, what do we do? I have an idea. We keep printing more money, drive up inflation because then, we can keep spending more money.

That’s how they do it. If they can’t get you with taxes, which they’re going to try to do, too, they’re going to try to get you on the other side. Watch out for that invisible tax. Don’t believe when the government, especially anything the government and the Feds say usually is wrong. That’s like when the Feds say that we were not in a recession back in January 2008 when we were already in a recession.

They were saying the same thing, saying inflation was transitory and all of us laughed because any of us that knew what goes on just looked at it. Its common sense. I would say, “Whatever, guys. This is not transitory. This is not because of supply shortages. You guys printed a crapload of money and that has driven up prices.” The shortages didn’t make it any easier.

Either the Feds are stupid or they’d lie to you. I believe the latter. I know I’m being bold and blunt about this and maybe that’s not great. I know some of you guys will say, “Chris, in truth, it comes to this and this and the economics.” I don’t care. The truth is I’m right. This is the truth. There’s a good point in economics. I know there are always exceptions. That’s why I try to acknowledge all of those but the truth is, I can’t do a 100-hour episode and address every exception to the rule.

I’m going down what you need to do now. How do you fight inflation? That is what I want to talk about. How do we fight this invisible tax? It comes right back to what I was saying before about minimum wage. Tying that back in is that you need to improve the amount of income you create. The best thing you can do in an inflation environment is to develop better skills and develop the ability to create more value in people’s lives.

MORI 659 | The Invisible Tax
The Invisible Tax: You need to improve the amount of income you create. The best thing you can do during inflation is to develop better skills and the ability to create more value in people’s lives.


I know you’ve heard me say this many times, but it’s true. If you’re a business owner, keep finding ways to create more value. Create more value and leverage in your business. If you’re an employee, find ways to keep creating more value for your employer. Not from a place of entitlement saying, “They owe me a raise.”

Go to your employer now and ask them and say, “What would it take for me to merit or earn a raise from you? What can I do to create value for the company? What can I do to create value for you as my boss? How can I serve you? How can I solve any problems in this company that would merit me a raise?” They may not give you a raise. They might say, “Here’s some additional work we can give you and maybe we’ll pay you extra consulting labor on the side,” or something like that. There might be additional ways to make an income that’s not raising your salary. It might be an additional stream of income within that business, within that job.

There are a lot of different ways you can do it, but that’s the key. It’s not coming from an entitlement mentality because that doesn’t work. In our company, if they have an entitlement mentality, we don’t hire them plain and simple. We don’t want spoiled brats. We want people that are genuine, authentic, always willing to progress and grow and always willingly create value and have that servant heart so that they do earn more money.

I know some of our employees and contractors now are saying, “I’m going to hold you this. I’m going to play for you this recording when I’m asking for more money.” Keep saying, “Here’s how we create more value for you,” and helping Money Ripples become the powerhouse that it needs to become to bless more lives.

That’s my answer to you. Same for you, if you don’t work for Money Ripples, it’s the same. It’s how you create more value in your position, work, and business to help more people. The truth is, if you want to bless and prosper any economy in the world now, it always comes back to human labor and production. That is the key.

It always comes back to our production. This is also what almost helped us out of a recession after 9/11. We were already going to recession with 9/11. What helped us out was the fact that, unfortunately, a couple of planes flying to some towers to get people banding together and then saying, “I’m going to fight back. I’m going to fight this. I’m going to do something more.” I can’t think of a time, at least in my generation, of Generation Xers, where I felt more unified as a country. We said, “Let’s fight back.”

Whatever conspiracies are out there that may or may not be true, that’s irrelevant. What was amazing about this was how everybody banded together and said, “Let’s fight this,” with one voice. More so than something stupid like a virus. Something stupid like that and then vaccinations, all other junk that’s out there. That didn’t band people together because it wasn’t legit. It didn’t have any real merit, but binding people together to say, “We need to be unified. We need to build back better,” that was something worth fighting for.

That helped pull us up by our bootstraps and get us out of our own rat race, our own pride, our own believing that we were invincible and got us to be more humble and come from a place of banding together and stop bickering and fighting as much and move forward together. That right there, that production, that ability to continue to keep contributing and creating value, that is what helped turn the country around. That is also the same thing that can turn your life around, turn your finances around and help you prosper no matter what’s going on outside of you. No matter what the inflation rent is. You need to find ways to keep serving, contributing, solving problems and adding more value so that you get paid more.

That is the answer to fighting this inflation. This invisible tax that we’re all experiencing now. It doesn’t matter about the investments as much, although those help. We have great investments that fight inflation too. Even infinite banking benefits from inflation when they raise rates, but the ultimate thing that’s going to make you the most money out of anything I can give you is finding ways to serve and create value and solve problems so that money is an inevitable result of that cause. Go and make it a prosperous and wonderful week. I’ll see you later.

The post The Invisible Tax | 659 appeared first on Money Ripples.

How To Pay Fewer Taxes While Working A W2 Job With Billy Keels | 658 Fri, 04 Nov 2022 14:00:00 +0000   We often talk about tax benefits for business owners. But what about those who work for someone else? Can you get tax benefits, even while having a full-time W2 job? Can you pay fewer taxes so that you can actually use your money how you want to use it? Join Chris Miles as he… Continue reading How To Pay Fewer Taxes While Working A W2 Job With Billy Keels | 658

The post How To Pay Fewer Taxes While Working A W2 Job With Billy Keels | 658 appeared first on Money Ripples.


We often talk about tax benefits for business owners. But what about those who work for someone else? Can you get tax benefits, even while having a full-time W2 job? Can you pay fewer taxes so that you can actually use your money how you want to use it?

Join Chris Miles as he talks to Billy Keels about how you can get more tax benefits, especially through investing and corporate entities. Tune in now to discover how Billy does it!

Watch the episode here


Listen to the podcast here


How To Pay Fewer Taxes While Working A W2 Job With Billy Keels

Welcome to our show. It’s for you and about you, those of you that work so hard for your money and you want your money to start working hard for you now. You want that freedom, that cashflow now. Not 30 or 40 years from now, but now. You can live that life that you love with those that you love, but most importantly, it’s not about getting rich. It’s about living a rich life.

As you are blessed financially, you have a greater capacity to bless the lives of others. That’s what I’m here to do with you. I appreciate you allowing me to create this ripple effect for you. Thank you for reading. You’re binging, sharing this stuff and you’ve been applying it to be able to make a difference in your life. Thank you so much.

As a reminder, if you haven’t done so already, go to YouTube, go to the Money Ripples with Chris Miles page and subscribe now because not only do you get these great episodes, but we are putting out videos every day, including little short videos that gives you some good snippets, some good topics and help you further and expand your education. Go check that out and subscribe now.

I’ve got a special guest. I’ve got here Billy Keels joining. Billy, I think, has an amazing story because, one, he comes from a background like many of you. He started working in a corporate environment. He was hoping to learn things about investing then he would hear certain coworkers talk about being an accredited investor and stuff. He would nod his head in agreement, saying, “That sounds great,” until he started to study it and learn it, and then as we mentioned, apply it. Eight years later, he was able to become financially independent. Now he’s living abroad, investing from abroad here in the US and has a lot of different experiences now. I’m excited to bring Billy on. Billy, welcome to our show.

Chris, thanks so much. I’m looking forward to another conversation with you. I know that you’re adding value so much and I hope to leave a little bit of value for everybody else through my story.

Help me fill in the gaps here. Tell us more about you.

Probably the best way to say it is I’m a guy originally from the Midwest of the US from Columbus, Ohio. By the time I was twelve, we’d lived in probably three different states, 7 or 8 different places. My parents are both very blue-collar. They worked two jobs most of the time when I was young and put a price on education. They were focused on me and my brother and sister getting a great education.

I watched them struggle financially and that was a little bit difficult for me as a kid because I saw them working so hard. Their whole response was, “The harder we work, the more that we can make,” but That’s a losing proposition at the end of the day. Afterward, I went on and had two degrees in college. I got rejected twice for my dream job. I was supposed to be at Procter & Gamble, an A student.

Now I call myself a recovering perfectionist, so that was hard for me to deal with at the time. However, those two rejections from my dream job opened a door that changed the trajectory of my life. I started working for a company right out of college that allowed me the opportunity to not only work but travel throughout some 58 countries.

By the time I was 26, I’d seen so much more of the world than I had ever anticipated. At the end of that five years, I didn’t see myself going to a normal 9:00 to 5:00 job because I was doing this five-star life. I was in touch with Fortune 500 CEOs and things like that. I decided to do a one-year sabbatical. This was about two weeks after 9/11. I moved to Paris, France. I was accepted at a university called Sorbonne.

I was there. I wanted to learn how to salsa dance. I wanted to learn more about the French language and culture as well. That was the first priority, salsa dance and learn more about wine. I did that and I was fortunate. I didn’t want to go back to the US and I ended up having the opportunity to stay. I left Paris. I went down to the South of France. I got into the IT industry and it was on the hardware side.

I was promoted, moved to Italy, started up a sales team there and went back to France. I’m telling you this story because one of the things that happened right before I left for Italy is I met this wonderful Spanish woman. We stayed in touch. We were continuing to grow our friendship and eventually, I decided to leave France and moved to Barcelona, Spain.

We got married about three years after I moved there. Our first son was born about 14, 15 months later. We have a second son that was born about a year and a half later. I tell that story. I worked multinational this entire time, but I always tell people, “Whenever you’re going to do a one-year sabbatical, you have to be careful,” because that one-year sabbatical could turn into 21 years. It could turn into an additional three countries learning four new languages, a marriage and two children, so quite a ride.

Whenever you do a one-year sabbatical, you have to be careful because that one year could turn into 21 years.
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I never heard anybody say, “I want to learn salsa dance in France.”

I needed objectives. I needed a new goal.

It’s funny, too, because that sabbatical story was similar to mine where I moved to Utah because the two best world-champion ballroom dance teams were down here. I came to Utah and that’s when I got married, had six kids and the next thing, I’m still here many years later. That temporary thinking can become permanent.

As long as you leave your mind open to it and you’re learning new things, curious and growing, there’s always that possibility.

Tell us more about the investing experience. How did that start to come about?

One of the things that happened was I watched my parents struggle and I didn’t know the difference when I was younger between investing and saving. I watched my parents make difficult decisions, sometimes they were at the end of the month and they’d had to either pay bill A or pay bill B. We always had food on the table, so it was never a question of that, but I watched them struggle.

When I got my two college degrees, then I started earning and I started saving money. I thought I was investing, and then I was close to other people that were investing. I learned the difference between savings and investing. One of the things that happened, Chris, is I was maxing out my 401(k) because that’s what I was told. I’m an A student and a recovering perfectionist. I got good grades. I listened in school and that’s what I was told to do.

I continued that in my professional life. Three things happened. The first of the three things that happened was in 2000. I’d been working for about 5, 6 years and the dot-com bubble happened. I lost some of the value in my portfolio but what I heard from the person that I had abdicated or given all of the responsibility of my own money was, “Don’t worry. We’re going to do some DCA and you’re going to be fine.”

I said, “DCA, what is that?” I didn’t understand that. He said, “Dollar Cost Averaging.” It’s putting the same amount of money every two weeks and eventually, things are going to come back. I see you smiling. That rings a bell because you’re anti that kind of stuff. As things went, he was right because things came back and things were working well about 6 or 7 years later.

What happened was in 2008, there was another thing that happened financially around the globe. My stock portfolio at that time or the value of my portfolio lost 33%, Chris. It was at that point in time that I realized that I had to do something different to take control of my own financial life. I’d come across this book, Rich Dad Poor Dad. I picked it up,and I put it down, then eventually, a year and a half later, I finished the book.

That took me down a track of reading a lot. I was getting a lot of knowledge. I was listening to podcasts. I was watching different videos and things like that. I kept doing the things as a young father that I thought I was supposed to do. I was rising up in the corporation. I was getting promotions and everything came to a hilt.

The third thing that happened that took me from theory to action was my oldest son’s third birthday. It’s something I’ll never forget, Chris, because, on his third birthday, I woke my wife and my youngest son, who was one at the time. I woke them up early in the morning because I had to take a flight to Frankfurt. I woke them up because I wanted to give my oldest son a hug and kiss and have us sing Happy Birthday to him.

When we sang Happy Birthday and I waas leaving the house at 6:00 in the morning, my heart was torn out because I was leaving. I was going to be in Frankfurt for a business meeting, while later on that night, my sons and my wife were going to be singing Happy Birthday to my son. I don’t remember what that meeting was and I don’t even remember the dinner that night, but I remember that I missed my son’s birthday. That changed everything. I had to go from the theory that I’d learned to taking action.

It was from that point that I wrote my goals down. I decided what it was that I wanted to do and I started taking action buying properties. I wanted to buy them here in Europe where I was living, but I didn’t know that I was in a location that didn’t permit cashflow. I wasn’t sophisticated enough. I didn’t know anything. I didn’t have a network of people around me either to help me understand there’s a difference between locations if you’re investing in things like real estate from cashflow to appreciation.

One thing that to the next, I ended up through good fortune and friends and being a US citizen, I decided to invest thousands of miles away from where I lived across the Atlantic Ocean back in the United States. That helped me solve a problem, Chris. That was a problem of control that I wasn’t having because I didn’t understand the stock market and I abdicated that responsibility.

I continued to do that. I kept investing in real estate and smaller multifamily and doing that from Spain, always back in the United States. That was solving a problem for me. From there, I was looking for more consistent cashflow and I found out about passive investing as someone who was an accredited investor, but I didn’t know what that meant. I then understood that I could hand $200,000, $300,000 to somebody else, they would do the work and I could keep working at my job where I was getting the highest return on my time.

I had an active income portfolio. I had the passive things that I was investing in and larger multifamily. I invested in development projects and also started investing in ATM machines. At the same time, I realized that I was having another problem because I was investing in things that were deemed as passive income. Not that I wasn’t working for them, but the IRS says that they’re passive income.

That was extremely tax efficient, but because I was someone who was a high performer in my company. I was in the talent program. I was in the equivalent of the President’s club constantly. I was still paying 40% plus in taxes because my earned income was high. I needed to figure out how I could also see if there was a way to mitigate some of that and use that to go and continue to purchase more passive income.

MORI 658 | Pay Fewer Taxes
Pay Fewer Taxes: If you’re investing in things that are deemed as passive income, that’s very tax efficient. But if you’re the top employee in your company, you’ll still pay 40% in taxes because your earned income is high.


That’s when I started getting into the energy sector. Real estate got me started. Doing it long distance is the thing that I was able to do. Most importantly, as I started investing in these different assets, they provided me with different solutions. Ultimately, the day that something happened with my father, I was able to decide that the big multinational corporation wasn’t the thing that I wanted to do anymore. Now I’m in more control of my own financial life and I’m in a position where I’m serving clients and doing something that brings me a lot of joy.

I spend time with my kids nowadays. They’re beating me in video games. Now, I’m in a different place. It took me nine years to get here. I was redoing some of the math. It’s about nine years to get to this point, but it started in a great place. I’ve made a lot of mistakes, but I’ve also learned a lot. I feel I’m in a position to be able to do the things that I want, choose to do the things I want with the people I want when I want to do that. Hopefully, that answers your question.

What’s the number one lesson for you that you learned? Especially because you’re investing but not just in another state. You’re investing across the pond. We even have some international readers too. The question would be what lessons did you learn from investing from afar? Was it a scary experience for you at first? Were you able to overcome that or even say, “This is a no-brainer? There’s nothing here in Spain.” What was it for you?

It was about someone who helped me to reframe it and I needed to take action because I’d done all the theoretical stuff and I had to go from theory to actual practice. If I wouldn’t have done that, it was going to cause frustration. What I didn’t want to happen was a third thing that was completely out of my control, another market condition.

That sidetracked my entire life and the goals and dreams that I had for my family. I think it was not wanting to have a third thing happen because I wouldn’t have been able to deal with that. That’s the first thing. The second thing, there was always fear. I realized the information was not perfect, but when I started to take action, even on imperfect information and learn from the things that were not working, as a recovering perfectionist, that was not easy for me at all. However, I knew that I would excel enough that like most that are high performers, you’re going to get the feedback and you’re going to start to adapt. That’s what continued to happen over a period of time and I started understanding the power of surrounding yourself with powerful teams.

Take action even on imperfect information. Then learn from the things that were not working.
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Teams can help compliment you on the things that you don’t know because you don’t know what you don’t know. One of the reasons that have helped to accelerate things is surrounding myself with teams of people that know a lot more about the things that I don’t know about illegal tax operations and things like that. Hopefully, that answers a question.

MORI 658 | Pay Fewer Taxes
Pay Fewer Taxes: If you really want to accelerate your growth, you have to surround yourself with people that know a lot more about the things that you don’t know about.


Tell us what you’re up to nowadays. I know you mentioned a little bit about energy and things like that.

One of the things, as I mentioned, I was always trying to solve problems and working to solve problems and usually effectively solving the problems. Now, one of the things, as someone who was the first-generation accredited investor in my family, there were many times where I didn’t know things. Also, coming from an enterprise software space, I was surrounded by high-earning, performing type of executives.

I know your readers are very sophisticated. I started realizing that when you’re someone who’s not a real estate professional and you know that you’re still paying 40%-plus tax and you have seen all the other ways there, the idea was, how can I go about mitigating some of that? Being able to release some of that tax obligation to then be able to use it in other things.

I’m obviously not giving anybody any tax advice or any that stuff. I’m just sharing a story that you talk and that’s why people need to have their own advisors. When I realized that was a significant enough challenge for me and also what that meant for me, ultimately, by being able to or releasing some of that tax obligation, I could do things I wanted to do.

The company is now focused on helping credited investors who typically are not real estate professionals looking for another vehicle to help them get to their destination. We’re doing that through the energy sector. Specifically, what this opportunity does is help those that have issues or high tax obligations with earned income and being able to help them with earned income. Also, creating consistent conservative returns moving forward. Usually, as I said, I was initially surrounded by a lot of software sales professionals. Now we have clients in professional sports organizations, doctors, lawyers, and business owners.

A lot of people know that in the energy sector, you can hit a huge deduction off of whatever you invest. Plus, there are even a little bit of backend tax managers too. It’s cool when you get to see that work in your favor especially if it’s something that’s done where they minimize the risk and remove a lot of the speculation out of it.

Yes, because I know that there are a lot of things that you can do, exploration and things like that. It’s not in that similar type of space. It’s more of a conservative thing. The idea is to be able to help people that are looking for an additional vehicle. There are so many different vehicles that can help us get to our destinations.

That’s one of the things I enjoy what you talk about and your philosophy, Chris, is to understand what is the right tool for the job or what’s the right vehicle to get you to the destination. I’m a big believer that there are multiple different ways to do that because each and every one of us are different with different backgrounds and different education levels and different desires. We want to get there sooner or later. It’s about finding the right people.

Billy, I appreciate your time. This has been awesome. If people want to follow you, what’s the best way they can do that?

The best way to follow is to go to You can find out more about what we’re doing there. There are a lot of ways to get in touch with a contact page. There’s an invest page. I also like to connect with people on LinkedIn. LinkedIn’s one of my favorite places to be. I think I’m the only Billy Keels in Barcelona, Spain. I’d love to connect with people there. Also, you talked about it earlier. You were an amazing guest on Episode 175 of the Going Long Podcast. You’d want to check out some of the knowledge bombs that Chris was sharing over there. Those are the best ways to contact me.

Billy, I appreciate it. Great information. I love the story and the journey because that’s very similar to what many people reading right now are hearing for themselves and how they can personalize that to them.

Thank you, Chris.

Thank you so much for your time. Everybody else, again, it’s one thing to read this stuff and another thing to do it. Take this information for what it’s worth and find ways to apply it in your own life. Remember, go and make it a wonderful and prosperous week.


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About Billy Keels

MORI 658 | Pay Fewer TaxesI’m just a regular guy from a middle-class family from Columbus, Ohio, who grew up knowing nothing about investing. When I started to become successful in my career, I had no idea how to invest my high salary. I was too embarrassed to ask because I felt like I “should’ve” already known. I remember hearing colleagues talking about being “accredited investors” and giving them fake nods like I knew who they were talking about.

From that point on I gave myself the challenge of learning everything I could about all things money and investing. My mission was to turn my high wages into financial freedom. 8 years later, I achieved it: I created a monthly passive income that met all of my expenses. I no longer had to work if I didn’t want to.

Now, my mission is to guide you to your own freedom.

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