How To Make An Extra $10K Per Month | 180

MORI 180 | Extra $10K Per Month


What’s the #1 goal my clients share with me?

They want an extra $10K per month to quit their job or create more freedom, so they work because they love it. But how do you do that?!

Join Cash Flow Expert and “Anti-Financial Advisor” Chris Miles to teach you how to create that with financial and even resources that may not require any money!

Chris Miles Bio:

Chris Miles, the “Cash Flow Expert,” is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He’s an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and has spoken to thousands getting them fast financial results.

Listen to the podcast here


How To Make An Extra $10K Per Month

We’ll give you once again a wonderful episode that I’m excited to share with you. As a quick reminder, check our website, If you haven’t got our eBook, Beyond Rice & Beans: 7 Secrets to Free Up Cash Today, you need to get that. It’s down there for free. You get access to that. Check it out. Also as a reminder, if you want to make monthly cashflow, amazing returns on your money and also help people be able to stay in their homes or get out from under their homes, this is exactly what American Homeowners Preservation does. You can invest with a little as $100 to be able to make some amazing monthly returns on it. Check them out. Their website is

On our show, I am excited to talk about the number one thing I hear from people when they look to hire me. It’s hilarious because when I ask people, “If I were this financial genie of sorts and I can grant you any wish you want, what would it be?” People think and say, “If I can make an extra $10,000 a month, that would be great.” Some people will even have that number at first. They might say, “I want to have the money to come in. I work in my job or my business because I want to, not because I need to.” “How much is that?” “$10,000 a month.”

I don’t know where these magic numbers come from. For everybody, it’s $10,000 a month. Occasionally, I get somebody who may already be making a lot more money. They might say $20,000 a month, $15,000 a month or something like that. $10,000 is that magic number. The reason I want to talk about this is that I’ve been there. I’ve been there and done that. I’ve been in a place where I’ve been able to create that money, even passive or residual-wise.

I want to talk about how to do this because it’s easier than some people think but it’s also harder than some people think. It does require a little bit more innovation. If you want to do this faster, it does require thinking way outside the box. You’re probably going to have to reread this to sink in. I would recommend reading more episodes of this show and referring other people.

If you have friends and people you strand yourself with that don’t think like this or maybe they want to but they’re not quite there, you need to be referring them to read this show because you got to open up your mind first to what’s possible. This is exactly what happened to me because from 2005 going to 2006, I didn’t think there was any other option besides saving forever, building up that money and living off the interest, which is an option.

Here’s the deal. If you want $10,000 a month, you want to create that from the traditional mutual fund type of mentality or even doing things like annuities or whatever it might be. You’re going to have to be saving at least probably $3 million total to have that return. I’ll tell you most people will tell you not to live on more the 2% or 3% of the assets that you have because you can’t ever guarantee that you’re going to have that much of a return on investment, especially with inflation and everything else.

Good job. Go ahead. Go out there. Good luck. Save $3 million. You can do it the traditional way. In my mid-20s, I was like, “If I could even retire by the time I’m 40, that would be awesome.” That was even building a business as a financial advisor. When my eyes started to open in 2006, there were many more options. You could do it much faster. I experienced it the 1st time in 2006 and the 2nd time in 2016, it’s the place where I’d say, “I could probably retire.” That was a big shocker because I didn’t have a lot of money saved up.

The amount of money you have to invest in works with a velocity that is accelerated if you've got more cash flow. Click To Tweet

There are two ways to do it. It comes down to one thing in common. They’re all resources. You can either use money or value. If you can use both, it’s going to go faster. If you can figure out ways to provide value in a way that doesn’t destroy you and take up all your energy, time and focus, you could do it that way. There are also ways you could do it with money and capital. Let me start there. Money and capital, where can you do that?

One of the worst investments everybody does is when they’re throwing more money into their home equity and things like that. I had a conversation with someone who ruins a business where they’re saying, “We’re buying our first investment property.” They’re moving out of their home, making that investment property and then having a new home. They’re hoping to do that again and buy their dream home. Move to a home, buy it, move out, upgrade and rent it out which is great. They’re talking about, “Let’s pay down our home equity line of credit.”

I said, “That’s probably the worst thing you can do compared to what you could create. What’s that home line of credit?” “It’s $135,000.” “How much do you pay per month?” “$200 a month.” “Don’t you dare pay that thing off faster than you have to. That $200 a month is cheap money. If you can take $135 grand, make at least $15,000 or $1,600 a month in doing passive investing in real estate. That’s $20,000 a year versus $2,400. Don’t do that. Don’t pay that thing off. Use your money better.” That’s one way to do it.

There are other aspects. There are things like oil and gas. You can do investments in that. I mentioned AHP at the beginning of this. I had a client saying, “I stick money in short-term because with this money, I’ll probably pull out within the year to go remodel our house but it’s doing nothing in the meantime.” That’s one option.

He’s even doing the strategy where we’re throwing money into live shirts and pulling right back out and using it again. We’re doing things like that for investing as well. We’re doing things where you can make money twice even. There are all kinds of things you can do there but you could take the money. It depends on the returns you’re getting that could depend on what you get.

For example, I’ve had clients who they’re starting maybe about $100,000 or so. Over a few years, they could probably get to the point where they create $10,000 a month with real estate. If they buy that property after many years, sell it, take that money equity back out and buy more properties with that same equity, you could create that, especially if you’re creating more cashflow but it depends on the returns. Sometimes it takes longer. You never know.

If you get lower returns to that property or there’s a lot of fixing up to do and things like that, it could take you twelve years. It might take you a few years longer. That’s still probably a lot easier than saving $3 million. That’s from $100,000. I have somebody who’s already can create $10,000 in a month. You have to be pretty busy if you got all close done but it would probably be within the year that he could create $10,000 a month but it does require him with roughly about $1 million or pretty close to it.

MORI 180 | Extra $10K Per Month
Extra $10K Per Month: You can either use money or use talent.


If someone has between $500,000 to $1 million, you could probably get there quickly within 1 year to 3 years. No problem. It depends on the situation and on what you’re doing with it. It’s oil and gas or some things that are potential there. I’m researching some more deals for potential things that could be relatively stable cashflow plus a return at the end of it too. It’s almost like real estate in that sense.

There are many different ways to do it I don’t want to mention all the different investments because it’s case by case. Usually what I want my clients to work on is figuring out what’s right for them, not for somebody pitching it to them. I could tell you about all these different companies and things that they offer but the truth is that it may not be the right fit for you. You can do it with money.

Maybe it’s not just investments. Some of the fastest ways might be paying down debt. That could be a place. If it creates the most cashflow, that would be it. There are other things too. This is where it gets a little bit trickier. This is where requires a little bit more of you. For me, in 2006, the way I did it the first time was unintentional. It worked out that way. It seemed to make smart business sense. In March of 2006, I quit being a financial advisor. I didn’t know what I was going to do. My only plan was to keep doing mortgages. I could keep doing that at least because I felt I could not deceive people and do mortgages.

Secondly, I could go teach ballroom dancing. I was looking at going back to college. It was funny because I went to the administration office and said, “I only had one class to go.” This was a few years ago. “What do I need to do? Do I need to take this one class?” They said, “You’ve been out of school for five years. You got to take a year and a half’s worth of classes.” I’m like, “The heck with that. Goodbye.” It’s so much for getting that degree to become a ballroom dance teacher.

In the meantime, I was trying to figure out what to do. The thing that made good business sense is I was doing mortgages but I didn’t like dealing with all the back-end stuff. This is still true for me. I’ve still leveraged people to do a lot of the back-end work on things because teaching is the thing that I love the most. It was a friend that brought that up to me. My friend, Greg, said, “What if you farmed it out? What if you referred it to somebody who could do it with you and you guys spoke the deal?”

What was cool is I had people coming to ask me how to do stuff but I would only spend maybe half hour, talking about what they could do with a mortgage and sending them on. The following month, I’m getting paid by the mortgage company $1,000 to $1,500 on average for every little mortgage that went through. I thought, “This is awesome. I worked 30 minutes to make $1,000. What else could I do?”

I started doing that with other companies and other businesses that I thought were valuable and great, with high integrity that I knew wouldn’t reflect poorly on me. There are even some aspects I still love to do. I still make a good chunk of my passive residual income from being a referral source for people from different sources and businesses of all kinds. That’s the amazing thing. You have to ask yourself, “What do I have?” For me, I had relationships, connections and people that wanted answers. I could connect them.

When you make more money, make sure you stay profitable. Don't just consume it all; go and reinvest with that. Click To Tweet

I was a good connector. I made that the focus. That’s still part of my focus. If there are people I can connect with, maybe there’s something I do. I connect people with way more people than I get paid for. The majority of people I send referrals to do not pay me. It’s not like I capitalize on every little bit of this but there are some that I do. I’ll tell you, it’s cool to know that I didn’t have to be the one doing all the work. I could be the one sitting back and saying, “Let me make the introduction and give you value.” Give the business owner value for one because I’ll give them a great referral.

Two, I’m also giving value to the person because they’re getting somebody who’s credible that does a good job for them. It’s good that they want to send referrals. There are lots of possibilities there but that was the way I did it. That doesn’t have to be that way for you. There could be things where you do online stuff. The online world is amazing. There are many ways you make money online. With physical products, you could do things like Amazon. You could create an Amazon account to help generate some extra income.

My wife had done this. She made a whole business around weddings. She’s on a couple of Facebook pages, blog-type sources and forums and people would say, “I’m looking for this.” She was like, “Here’s a great one. It’s very blingy. I like it.” She would give them the link, that link was sent to Amazon and they would buy it there. There would be a small percentage of kickbacks.

What’s awesome to know that many people don’t know is that when you go and use a link like that on Amazon, for the next 30 days, anything else you buy on Amazon, it doesn’t matter if you refer them to it or not, you get credit for it. She was getting paid on what they would go buy other crap, things for their house or whatever it might be. She would also get paid for things that they bought on Amazon too.

There’s planning and intention. There’s a little bit of work to do on the front end even throughout management to do that. There are streams of income you can create there. Those are things with online space. It could be your stuff but that doesn’t have to be your stuff. You could be a great referral source. I have people that I pay that send me referrals. It’s like, “I’ll pay you a certain amount for that.” When I was in Hawaii on vacation, I drop off a check to one of my friends. It’s like, “Here you go. Thanks for the last three clients you sent me in the last few months.” I’m sure he didn’t hate that too much.

There are things you can do there. It could be your own. It could be things you’re selling but it’s not having to deliver on. The reason I record all of these things is I could take some of the best episodes from a show, repackage them, create a thing and say, “For $25, buy this online. Get the best of the Chris Miles Money Show.” There are many ways to do that.

I’ve got programs like Monetize Define Genius that I got online that I sell for $250 that people will buy from time to time and CDs. A lot of times, I don’t even do CDs anymore because people want the downloads, which are even better for me because I don’t have to pay for the CDs being produced. I have to send the link and they can download it. How awesome is that? The possibilities are endless because of online space.

MORI 180 | Extra $10K Per Month
Extra $10K Per Month: Nowadays, the possibilities are endless because of the online space. There are so many ways to generate money, but it’s always a matter of what we pick, what we do, and how much you’re willing to put towards it.


There are many ways to generate this but it’s always a matter of what we pick, what we do and how much you’re willing to put towards it. You want 10,000 a month, whatever that number is for you. The cool thing is even if you get up to $3,000 or 4,000 a month, that’s extra capital you can use to go invest again and again. I have an opportunity. With $25,000, I can increase my cashflow by almost $2,000 a month. Probably in the next month or two, it would be over $5,000 a month. How many people would love to be able to say, “That’s cool, $25 to make at least $50,000 over the next year.” That’s a pretty good return on investment.

Guess what I’m investing in? I’m doing that. It’s cool because there are opportunities like that that come up. That’s for one of my streams of income. That was because I had the opportunity. If I bought into this particular package or program with what I was already offering and I was already doing from one of the streams of income, they increased my pay by 15%. For me, that’s a no. brainer. That’s my next cash investment, you could say.

Remember, as you build up this cash, other opportunities will show up and other things you could do to accelerate this. You don’t have to hit $10,000 a month right away but if you work at it, you start to be profitable and monitor what you’re spending and making and be a good steward of that. You’re not just consuming everything you’re making. You have a better chance of accelerating this faster. One of my friends, Buck Joffrey, talks about mass and velocity. Mass is the amount of money you have to invest work with while velocity is how quickly you can make it and also the returns.

That velocity is accelerated if you’ve got more cashflow. It could be reducing your expenses and taxes as I talk about people doing. That could give you more money to work with. Also, when you make more money, make sure you stay profitable. You don’t consume it all but you go reinvest with that. It could happen to you. It could be a small percentage of you. It could be a matter of months like it was for me. Others could be a matter of years.

I’ll tell you the second time I retired because I was digging out a big hole. It took me years to get back to this place. It was an intentional focus year after year and slowly but surely progressing toward that direction to where it almost got easier and so much faster, especially when I changed my focus to be about that. It wasn’t about having a successful business and making good money. It was about, “How do I make money and in sense, have a business where I don’t need to keep making the cashflow?”

I don’t have to be actively, always producing. When I take on clients, it’s cool because I take them on. I don’t need their money or their business. I can be fine without it. It’s cool because I can coach, do what I love and get paid for it. That is not what we will all want life to be like. We do the things that we love when we want to, with whom we want to.

For me, I can’t stop teaching. I’m sorry. You’re stuck with me. The only thing you do is hit stop but I’ll tell you, I love it. I love teaching and sharing what I know because I feel I have a stewardship responsibility to do it. That is the life that I love. I want you to enjoy that same life as well. On your journey to making $10,000 a month or whatever that number is, enjoy it. Love it. Remember, be a wise steward as you’re growing it and doing it. The possibilities are endless. You have to find the right avenues and the right things for you. That’s the key. Have a wonderful and prosperous time. We’ll see you all next time.


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