My Secret Formula to Investing with Little or No Money

If you have less than $100K to invest passively, you won’t be able to make $1K per month in REAL passive income. Period. So, how can you increase your income so you can save enough to invest passively?

Create value with a product you are passionate about. Investing can come after that is established and making you money.

Listen to today’s episode to learn how to make your talents make you a millionaire.

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Speaker 1 (00:00):

Hello, my fellow Ripples. This is Chris Miles, your cashflow expert, anti financianal advisor.

Speaker 2 (00:06):

Chris Miles was able to retire twice by the time he was 39 years old, but he’s not content to just enjoy his own financial freedom and peace of mind. Chris wants you to have your own ripple effect so you can live free today. He’s not the financial advisor you expected. He’s the non-financial advisor you deserve. He’s jumping behind the mic right now, ready to make waves. Here’s Chris Miles

Speaker 1 (00:37):

One of the show. It’s for you those that work so hard for your money and you’re now ready for your money to start working harder for you today. You want that freedom, that cashflow, that prosperity right now, so you can live that life that you love with those that you love. But most importantly, it’s not just about getting rich, about living a rich life because as you prosper and are blessed financially, you now have the greater capacity, the bless the lives of those around you. That is a ripple effect. I’m here to help you create today. Thank you for allowing me to create a ripple effect through you because you’ve been binging. You guys have been tuning in, you’ve been sharing and making this a wonderful place for me, allowing me to feel greater purpose and passion in what I’m doing here. Thank you so much for tuning in and making it wonderful.

Hey, if you’re following us on social media or you haven’t followed us on social media, you can also go to Instagram. There’s the at Money Ripples page there. Also Facebook, you can go to our Money Ripples page, money Ripples with Chris Miles on Facebook or at Money Ripples on Instagram. Check it out, especially if you want to see shorts and different reels beyond what you might see here on YouTube. So check that out today. Alright, I want to talk about something. Actually, it was a question that came to me from a friend of mine. She’s recently been going through a divorce, been going through a really rough time, and she said, you know what, Chris? I need to create some passive income right now. She said, I need to create at least a thousand a month currently, and ultimately I want to create 2,500 a month, and the reason being is that she says, listen, as a single mom, I don’t have to be working if I don’t have to.

I’ve been working on trying to homeschool my kids. They have special needs, and so I need something that’s actually passive. I don’t want something that’s going to take a lot of time and effort. She’s like, and honestly, the side business that I’ve had hasn’t really done very well lately, so I need something else. She’s like, I do have a little bit of savings. What do I do with it? I said, well, how much do you have? She said, $20,000. And so my advice to her was kind of like what I had mentioned last week in my previous episode, which was, well, there’s nothing that’s going to pay you that much with 20,000 bucks because like I said, if somebody ever says You can invest $20,000, you’ll make one or $2,000 a month investing with them. It’s a scam. I don’t believe that anything is really truly too good to be true.

I believe that you can make things happen in different ways, but if you’re thinking you could just throw your money at something and then it’s going to generate a thousand or 2000 a month from 20,000 bucks, it’s not going to happen. It’s most likely some options trader that says you put money with them, they’ll pay you 10% a month, which is bull because even if they do do that, it’s only a short period of time and almost every single time the securities department will shut ’em down right away and you lose your money because they’ll be fighting the securities and paying all the money into that instead of paying you back. So you actually end up losing money in every single situation I’ve seen where that’s been the case. If it’s not now, it will happen sooner than later. On top of that, if it’s like, Hey, you can do this business, it’s totally passive, but you realize it’s really not passive.

It’s like a entire side hustle that you have to do. Don’t believe them, okay? If you want truly passive investments, you’re not going to see much better than, like I said, 10, 20% a year. Most likely. I’ve seen things be higher from time to time in different markets, but they usually don’t last. Okay? So I’d like to be more conservative and stay in that lane. So with her, I said, that’s not the case. I said, and here’s what my direct quote is. I said, passively investing won’t earn as much. Maybe an extra $150 a month or so is what I told her on that 20,000. I also asked her too, I was like, is this also all your savings? Because for many people, if this is all your savings too, I wouldn’t do it. You need to have emergency fund that you don’t invest. So she says, well, what would you recommend for creating a thousand a month?

Any ballpark of starting amount I would need to work with. I know that’s a potentially too big of a question when people ask me where to put the food storage and things like that, but any thoughts on where to start? And I said, for safer passive investing, you would need at least a hundred thousand dollars to accomplish that. To get a thousand a month, you need at least a hundred thousand because there are some investments that’ll pay you 1% a month or 12% a year. It’s like you need at least a hundred thousand to accomplish that thousand a month. But instead, I would focus on what value you can create that can be leveraged without a lot of time. That’s going to be your safest bet. This is my advice to you right now. If you’re saying, I don’t have a whole lot of money, what do I do?

Do I invest it? How do I make it work for me? The real question you should be asked yourself is, what could I be doing right now that creates a lot of value for people, but doesn’t require a lot of my time or energy? I’ll say this simply though, if you don’t have money, it does require time and energy to help to generate income. Plain and simple. If you don’t have the money to generate the income, it’s going to be time and energy. There’s not much difference, and sometimes it’s money plus time plus energy it required in some of those investments. Now, you can make great returns. Sometimes you can make way better than, like I said, the 10 to 20% returns potentially on a passive type of investment, but when it comes to making bigger returns, you need to put in a little time and energy.

This does not mean that you got to have a full-time job to do it. It does not mean you have to create a business that’s going to become a full-time job to do it. So of course, when I said that, I knew this wasn’t exactly what she wanted to hear, but she just said, well, can you give me an example of the ladder? What can she do be leveraged with more without a lot of time? So I said, here’s what it is. For instance, selling online products, one to many coaching recurring revenue like memberships and so forth. I said, even becoming an affiliate of offering others products or services can give you in an income that you don’t have to fulfill on. Alright, so let me break that down. Alright, now it’s coming from a business standpoint because the truth is business has a higher potential of income for you.

Like I said, you could do real estate investing. There are people that could probably take $20,000, start buying and selling raw land to generate some income. That is possible. I wouldn’t necessarily say that 20,000 would make a thousand a month, but maybe 500 or so a month could happen if you know what you’re doing. But most likely you’re going to have to take that 20,000 pay somebody to teach you how to do it, and then you’ll have very little to invest at that point. So you might need a little bit more, but you could be doing something right. There is possibility, but again, that’s a business that you have to do. So looking for a business that finds a way to create value. Remember dollars, follow value that you create for other people. This is always the answer. Even if you invest passively the investment you’re going into that somebody else is investing for you, that investment needs to be creating value in a way that creates a need.

It creates some sort of financial transaction or a financial value that increases that value. It allows money to come back to you. Otherwise, you’re just gambling, you’re speculating, you’re hoping and praying that something works out. Like when you throw money in the stock market, you’re not creating any value. You’re literally putting money. You might say, well, I’m investing in corporate America or into big business. No, you’re not. What you’re actually doing is you’re driving up the net worth of those people that already sold off and made their money when they went live and active in the stock market, when they went and launched their stock, it was already sold off. The shares were sold. The next thing only happens to them is that their values go up or down based on what you think it’s worth. But you throwing your piddly little dollars does nothing to create value for that company.

Nothing. Which is why you really don’t get paid. You just ride waves right? Now someone would argue, of course I can already hear it. They’ll say, well, Chris, you get paid dividends from some of those companies. Yes, you do. Someone will pay dividends, but again, they don’t value your money all that much. There are ways to make more money by being a bigger investor. That’s what Warren Buffett does. He doesn’t go buy stocks. He goes, buys controlling share or interest in that company to at least get on the board of directors and then he gets paid extra. He gets paid preferred returns versus just the simple gambling of the stock market. Again, there’s not really that good value exchange, that service that’s created in ways that you’re adding value to people, that’s not happening. This happens more in the private area, the one-to-one or the one to many.

And so when I say selling online products and can you create content, for example? For example, I actually have a wealth accelerator Academy. I rarely ever mention it to you guys. It’s an option. But for people that really maybe don’t qualify to work with us, one-on-one because they don’t have at least 150,000, they could be investing. Well, another best bet could be doing the Wealth Accelerator Academy. You’ll pay a lot less than you would trying to pay us to work with you, but you get all the education that our clients get too. So you get the foundation, you get the education, you even get some contacts in different spaces like attorneys and accountants, but you basically get that foundation for helping improve your cashflow. It creates great value. People will get great results of it and a lot more than what they pay for it, which is ideal.

It’s that give you get more value than what you are actually paying for. That’s what it should be. That’s what a good transaction should be like. Well, that’s an online product. I recorded those once now it required some time and energy. I had to go and record those videos. We had to put it together. I had to pay people help me put it together and everything else. So yeah, there was a lot of things to help get it to a format where I felt it was a good little short snippet videos and segments so that you can learn little by little step by step and doing those kinds of things. That was one, it was kind of like a one and done. It took hours and hours to create, but once it’s done, guess what? It’s done. It’s there. It’s now can be used for anybody who wants to have it where it create value for them in their situation.

Maybe they’re not quite ready to work with us one-on-one yet. It’s a great backup for them to be able to get started to get a better foundation and maybe accelerate their progress towards working with us so we can actually help them get the results they want on their passive income. So it’s a great option, right? That right there, one time done can always keep paying. This is when people talk about making money while you sleep. Hey, someone in Germany could be buying that. Hopefully they speak English. I don’t speak German, but they could be buying that in Germany while I’m in bed and money’s coming in. That’s the beauty. And so I told her I was like, online products could be an option. It could be something that she did, not just videos. It could be audios. I used to do all my education stuff on just audio.

I wouldn’t even do video. I was too nervous to do anything that was on a computer screen or in a camera. So I would just do audios. I would at least get something out there. I remember one time that I was in a Facebook group. This was a group of a lot of people that were of a particular religious affiliation, but they were more into really personal development and things like that beyond just Christianity. And of course a lot of people kept bringing up things like, oh, I wish I knew what my mission in life were. I wish I knew how I can make money with my purpose or make money with my passions. Now here’s the thing, guys. I heard this repeatedly and I said, you know what? I got something for that. And so I just asked them. I just asked these people.

I said, Hey, if I were to share with you the ways that I was able to take my passions and my purpose and monetize it in a way that’s made me millions of dollars, would that be useful to you guys? And there was many, many people that said, yes, absolutely. I would love that. Well, guess what guys? I created that in a live format with my friend Garrett White, who we did something like a precursor of that together, and I said, you know what? I’m going to create it again, and I’m going to call it find Your Divine Genius. And so I did. I created it again, recorded the audios and everything for it. Actually, I think I recorded videos for this one. In fact, if you’re in the Wolf Accelerator Academy, it’s actually in there, the Find Your Divine Genius. You’ll see me beardless and about 30 pounds heavier and a lot more tired and sick looking story for another time, but that’s where I have it there.

So I have this fine, your divine juice. I just recorded it. I actually did it as live calls as a webinar for these people, and I actually told ’em, I said, listen, I’m going to charge 50 bucks a person. I max it out at 20 people and voila, go Two days sold out. I made a thousand bucks. Not because of the fact that I was trying to lie. I wasn’t cheating or stealing, nothing like that. It was literally solving a problem for them. And so for you, now, you may not be a business owner. You might be thinking, well, yeah, but I work a W2 job. I don’t have a side business like this. It doesn’t matter. There’s other options. I’m just trying to give you an example that if you have to exchange time and energy, maybe you have that job, but that job’s not going nowhere.

You need something else to create some wealth. This could be something there. That’s what I mean by selling online products. You create it once and then you sell it online. Obviously there’s more to it than just putting it out there and hoping that people buy it. I get that, but I’m just trying to open up possibilities. The second thing I mentioned was one to many coaching is you can teach one-to-one, and trust me, you can make great money helping people, but remember she said, I don’t want to spend a lot of time. What about one to many? How about group coaching? That’s again part of our wealth accelerator academies. We have group coaching once a month. We have live calls when we do that. Now, I don’t charge separately for the coaching that way, but some people do. Some people literally just charge for a community, and this kind of leads into another thing like memberships.

There are a lot of people out there doing memberships that might be charging like seven bucks a month to be part of a membership. Maybe you get some special thing. It might be some education. It could be like, Hey, there’s some ways to save on couponing or whatever it might be, right? There could be this or that. It could be great recipes for whatever it might be. It could be great tips on health and working out and things like that. You could literally just be charging seven, 10 bucks a month for something very easy for somebody to use and then get paid on that residually month after month, year after year. Yes, you’re going to put some time and energy, but remember when you have more people involved because you’re able to serve more people with less time, that can create a lot more. Even with our clients, we have a retainer program.

We keep ’em on because we want to keep them progressing beyond just their initial coaching and just drop ’em, say, good luck to you. No, we want to keep them progressing so we have ’em on a retainer, month to month retainer. We keep them going. That’s a membership among our members. There’s things that we’ve done as well just within our wealth et academy, we’ve done that as well. Different tests with memberships and things like that. We even looking at trying to release the software. We might also charge monthly just for the software use alone where you can project out using real estate, how much money you can create to get to your passive income number, things like that. So again, you could do things with coaching, but also with memberships. And then the last one I mentioned is affiliate. Here’s something I learned early on in 2006 because I was starting to get into real estate investing world, but I accidentally came upon this is because I was doing mortgages, and I remember my friend asked me, he said, Chris, if money were no issue, would you keep doing mortgages?

I said, I like giving people value and I like teaching people about the mortgages and what they could do to invest it and make more money, but I hate paperwork. I can’t stand it. I hate the fact that they’ll call me the next day after I said, it’s going to be a couple of weeks before I have any word back about whether you’re approved or not. It didn’t matter. They want to call me at all hours of the night and day just to find out what’s going on The next day, even after I gave him the warning, I said, I don’t really like that. I like to be able to teach them but be able to. I want the work just to happen. And so this guy told me, he’s like, well, why don’t you find somebody who’s willing to do that work, who’s willing to do the paperwork and do that follow through?

I said, well, is there anybody who wants to do that that that sounds horrible to me. Trust me, Chris. There are people that are nerds that like this kind of work. And so I found somebody, I went to that broker, that mortgage broker, and I said, is there somebody in this company here in our brokerage that would fit this description? He says, Clark, because anybody who has the name Clark will obviously be nerdy enough to want to do this. And so that’s what he did. I went to Clark. I said, listen, if I send you these people, you don’t have to sell ’em or anything. They already want to do the mortgage. You just have to set ’em up the program, do the underwriting paperwork and basically just do the work. And he said, yes, and I’ll pay you 50%, Chris. And I said, awesome.

And next thing I know, I spent a half hour or so with a person teaching ’em about the mortgage. How do you can cash out the equity to invest and make more to pay your mortgage for you? And people get excited. They’re like, great, what’s my next step? And I would say, talk to Clark. I would refer to him, let him do the work. So I was still a mortgage license guy. I was still brokered that way, but I wasn’t doing all the work backend work. So I spent a half an hour, maybe an hour at most of these people and then get a check in the mail a month or so later for a thousand or 2000 bucks, and I thought, my goodness, that’s so easy. I didn’t even have to be the one delivering the value. Understand, I used to be the one that thought I had to always be the person delivering the value or I don’t get paid.

It was always had to be me. But then I realized there are people that are very talented what they do, and they solve needs for other people. Can I become a connector? Can I connect them with these people that would help them out? Not just trying to pitch ’em stuff, but literally they’re looking for something and I could connect them to those people. Then I started doing that with other people. I did it with a wholesale jeweler in Salt Lake City. I did it with them because I knew that people would pay a third of the cost they pay at a normal jewelers, so it would create value for them and it would create value for the jeweler. I’d give ’em the connection. I’d give ’em their business card, say their appointment only, go to them, and they did. Then when they bought something, a check came in the mail.

I did that with about three different companies and it generated a few thousand dollars a month, very, very passively. Now, it wasn’t like I didn’t do anything, but I’ll tell you, I didn’t do nearly as much hard work as I had to do to make a few thousand dollars or so before. It was much easier, and again, I didn’t have to be the one delivering. So that’s my message to you is how can you deliver value to others? How can you create value in a way that doesn’t require all your time and attention? How can it be leveraged? Can be leveraged through systems. Memberships can be done through online products that you do it once and then you can put it out forever. Heck, people that write books and CDs or create CDs, that’s how they do it, right? Can you create something like that?

Intellectual property? Can you also do connections with your relationships to help create value through affiliates? All kinds of ways. You create money without money, and that’s outside the box, outside the norm that you’re taught. Yes, it requires intention. Yes, it’s going to require a little bit of effort, a little bit of time and energy, but don’t think for one minute that you don’t have to do anything with your money, that somehow your money will magically just make you millions of dollars. That’s not reality, especially when it’s just passively using your money. It’s a much more conservative, slower go, even if it’s 10 to 20% a year, right? It’s still slower. Go with your money than it would be if you got your money working in different ways, combining it with your talents, your time and energy, but again, leveraged time so that you’re not spending all of your time doing it where it’s like you’re working trading time for dollars, you’re now exchanging value to create dollars, and that bridges the gap, allowing you to make more money in less time and still have a life.

Guys, that’s my advice to you this week. If you’re trying to build up that income, find ways to, again, how can I create value, serve people, and solve problems? How can I create a win-win for people where money is the natural exchange? That is the question you should be asking to create more money now with little to no money out of pocket. Go and make it a wonderful process week. We’ll see you later. This is my advice to you right now. If you’re saying, I don’t have a whole lot of money, what do I do? Do I invest it? How do I make it work for me? The real question you should be asked yourself is, what could I be doing right now that creates a lot of value for people, but doesn’t require a lot of my time or energy? I’ll say this simply though, if you don’t have money, it does require time and energy to help to generate income. Plain and simple. If you don’t have the money to generate the income, it’s going to be time and energy. There’s not much difference, and sometimes it’s money plus time plus energy. It required in some of those investments.