Money Ripples with Chris Miles
Money Ripples with Chris Miles
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How To Find Passive Real Estate Investment Opportunities
Are you tired of chasing after investment deals and want your money to start working for you instead? In today's video, we’re diving into how to find passive real estate investment opportunities that can bring in steady income while you focus on what truly matters. Whether you’re a seasoned investor or just getting started, I’ve got tips and strategies that’ll help you unlock the door to hassle-free real estate gains. Let's make your money move!
Watch and Enjoy!
Chris Miles
Key Moments in this Episode
========================
00:00 Intro & Summary
00:49 How To Do This Yourself
02:00 What You Need To Be Aware Of
03:42 How To Leverage Your Connections
06:12 How To Use Somebody Else's Network
10:23 What We Do Here At Money Ripples
What To Watch Next
========================
How To Make Passive Income While Traveling
ua-cam.com/video/pB09HVs6t5c/v-deo.html
💡 Resources and Links:
========================
Visit our website: moneyripples.com/
Contact us: moneyripples.com/contact-us/
Listen to our podcast: moneyripples.com/podcast-2/
About Chris Miles
========================
At Money Ripples, we empower individuals to achieve financial freedom and prosperity by creating streams of passive income. Our founder, Chris Miles, is dedicated to sharing expert insights and strategies to help you take control of your financial future. Whether you're looking to invest, manage debt, or maximize your wealth, you've come to the right place. Creating freedom and prosperity today.
🔔 Don't forget to subscribe and click the bell icon to stay updated on our latest videos
🙌 Join Our Community:
Become a part of the Money Ripples community and connect with like-minded individuals on the journey to financial independence.
========================
Video by Nate Woodbury
BeTheHeroStudios.com
UA-cam.com/c/NateWoodbury
========================
👍 Like, Comment, and Share:
If you found this video helpful, please give it a thumbs up, leave a comment below with your thoughts, and share it with your friends and family!
DISCLAIMER. The information presented in this video is for educational purposes only. It should not be taken as investment advice. Investing involves risk and any decisions made based on the information presented in this video are solely your own responsibility. Please do your own research before making any investment decisions. We do not endorse any particular investment or investment strategy, nor do we guarantee any specific outcome or profit. Past performance is not indicative of future results and investing involves the risk of loss. We appreciate you watching this video and educating yourself further on investing and finance.
Thank you for watching! See you in the next video. 🚀
#PassiveIncome
#RealEstateInvesting
#FinancialFreedom
Переглядів: 21

Відео

What Is The New Retirement Age
Переглядів 29День тому
Are you planning your future but wondering if the retirement age has moved... again? Whether you're looking to hang up your work boots early or just want to stay informed, you're in the right place! In this video, we'll break down the new retirement age, what it means for you, and how to plan accordingly. Ready to see if your golden years are closer than you think? Let’s dive in! Watch and Enjo...
Is Rental Real Estate Passive Income
Переглядів 52День тому
Is rental real estate the golden ticket to 'earning money while you sleep,' or is it more like earning money while you're fixing leaky faucets at midnight? In today's video, we’re diving deep into the truth behind rental properties and whether they really qualify as passive income. Spoiler alert: it’s not as passive as you might think! But with the right strategy, it can still be a smart invest...
What Are The Best Alternative Investments
Переглядів 43День тому
Looking to grow your wealth but bored of the usual stock market talk? In today’s video, we’re diving into the world of alternative investments-think art, real estate, crypto, and more! Whether you're a curious newbie or a seasoned investor, these options can diversify your portfolio in unexpected ways. Watch and Enjoy! Chris Miles Key Moments in this Episode 00:00 Intro & Summary 00:37 What Is ...
What Age Is Early Retirement
Переглядів 138День тому
Ever daydream about sipping piña coladas on a beach while your friends are still stuck in meetings? 🌴 In today’s video, we’re diving into the big question: What Age Is Early Retirement? Whether you're planning your escape or just curious about when you can finally say 'goodbye' to the 9-to-5, we’ve got some surprising insights for you. Let’s break down the numbers, the myths, and the strategies...
Can I Sue My Financial Advisor For Bad Advice
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КОМЕНТАРІ

  • @Mohammadmarketer
    @Mohammadmarketer 2 дні тому

    youtube recommend me your video and i am so thankful really great stuff man btw I was wandering do you needed video editor for your videos man?

  • @samanthadeyzel7023
    @samanthadeyzel7023 2 дні тому

    🚀

  • @kellen7239
    @kellen7239 6 днів тому

    This works until there's a housing bust, and this guy is holding the bag. But gj on him for now.

    • @moneyripplespodcast
      @moneyripplespodcast 6 днів тому

      There might be a big bust in real estate someday. There's a bigger bubble in the stock market than the real estate market right now. He's safer with Real estate.

  • @SubolHalder-s1v
    @SubolHalder-s1v 7 днів тому

    Hello sir, I saw your videos. I like your videos very well. But your videos don't get many views because you don't have proper SEO for your videos You need SEO for your videos If you do SEO for your videos your videos will rank organically and your channel will gain subscribers.

  • @RobertPlank
    @RobertPlank 9 днів тому

    This video really opened my eyes! I never thought about how important it is to know your burn rate, like how much I spend each month. Also, I loved the idea of cutting back on destructive expenses instead of just being super frugal. That example about the guy spending $600 a month on alcohol? Wow! And the part about saving money to invest early really hit me too. It’s amazing how much saving just a bit can compound over time. Plus, I hadn’t considered getting money out of locked places like home equity or old retirement accounts to make it work for me! I feel inspired to take control of my finances and aim for that passive income lifestyle!

    • @moneyrippleswithchrismiles
      @moneyrippleswithchrismiles 9 днів тому

      @RobertPlank, thank you so much for the "ah-hah's." These are so important, despite being so simple in some ways.

  • @azeemsiddiqui4764
    @azeemsiddiqui4764 10 днів тому

    Muslims like me can't have anything to do with debt.

    • @moneyripplespodcast
      @moneyripplespodcast 10 днів тому

      @azeemsiddiqui4764, and I respect your religious right to choose that way.

  • @logank
    @logank 13 днів тому

    Seems like the principal of the “cash flow index” is to make your loan term so long, that the monthly payment is so low. So you could be locked into a terrible interest rate paying the banks lots of interest but that doesn’t matter to your index.

    • @moneyripplespodcast
      @moneyripplespodcast 13 днів тому

      @logank, that's not the focus of the index. You use the index to determine which one to pay off first. Yes, you could go for longer-term loans. But at some point, you would eventually aggressively pay it off anyway, avoiding excessive interest.

  • @Skyhi.Visuals
    @Skyhi.Visuals 21 день тому

    What if you move to Vietnam

    • @moneyrippleswithchrismiles
      @moneyrippleswithchrismiles 21 день тому

      @Skyhi.Visuals of course! $100,000 per year stretches even better in certain countries. Either way, real estate investing, done the RIGHT way, gets you to those goals faster than just plain old mutual funds...that also have high risk.

  • @WillParffit34
    @WillParffit34 23 дні тому

    There are so many options out there, but I’m not sure what the best retirement plan is for me. How do you all handle it?

    • @Colbe-lx7fb
      @Colbe-lx7fb 23 дні тому

      That’s the million-dollar question, Sarah. I’ve been wrestling with it too. I’ve heard good things about 401(k)s, but then there’s IRAs, Roth IRAs, and even annuities. It’s a lot to consider.

    • @Robby767
      @Robby767 23 дні тому

      I know what you mean. I’m leaning towards a Roth IRA because of the tax benefits, but it’s hard to predict what will work best in the long run. It feels like you have to be a fortune-teller to make the right decision

    • @Patrick-x1h
      @Patrick-x1h 23 дні тому

      I’ve been thinking about a mix of a 401(k) and a traditional IRA. I like the idea of diversifying my retirement accounts, but I also worry about how much I should be contributing to each. What if I need that money sooner rather than later?

    • @mariadrukker2557
      @mariadrukker2557 23 дні тому

      My parents always stressed the importance of saving as much as possible, but it’s hard to know if that’s enough. What if something unexpected happens? That’s what scares me the most-being unprepared for the unknown.

    • @Kseniaramesh
      @Kseniaramesh 23 дні тому

      That’s why my wife and I decided to work with Aaron Morgan Bell. We’ve been with him for years, and he’s been instrumental in helping us figure out what works best for our situation.

  • @SamNo27
    @SamNo27 23 дні тому

    You can retire you just have to have reasonable expectations. Are rich people stupid?

    • @NuiiCashy
      @NuiiCashy 21 день тому

      Sometimes they really are.

  • @AndrewChapman-xz4yg
    @AndrewChapman-xz4yg 23 дні тому

    This is 100% wrong you can definitely retire on a million dollars there are high yield savings accounts that will give you 5% interest. And you can get higher averages than that in other investments. Stop giving financial advice if you’re moronic!

  • @ysprt
    @ysprt 23 дні тому

    so thats great, how do you actually get started

  • @jordenherring1397
    @jordenherring1397 24 дні тому

    Yooooo I love this thank you!!!

    • @moneyripplespodcast
      @moneyripplespodcast 24 дні тому

      @jordanherring1397, we love YOU living this 😀 Please like and subscribe for more!

  • @DionTalkFinancialFreedom
    @DionTalkFinancialFreedom 26 днів тому

    Thank you. Great information. Although I have to say this is the first video of yours I found. You have a new subscriber. It was a little interesting. How the first 10 minutes of your video didn’t mention real estate. I was afraid I found another stock Guru channel. Not all of those are bad. I invested for 10 years about $320,000. I have rental properties which is 18 rental units. I retired in 2022 at the age of 52 with my real estate portfolio that I’ve had for about a decade generating a little over $200,000 in pure cash flow every year. I’ve only been retired for two years, but that cash flow is continue to increase. The 10% cash on cash return is talked about often. Which is good because it is a reasonable goal. This does not cover appreciation, principal pay down, or many of the tax benefits.if I had one stock, or a penny trapped in a retirement account. I would probably still have to work. I’m the guy who came up with the strategy, which is where my tenants raise the rent. This does make it a lot easier to invest in cash flowing rental properties.

    • @moneyripplespodcast
      @moneyripplespodcast 26 днів тому

      @DionTalkFinancialFreedom, I'm glad you're one of many examples of those who achieved financial freedom through real estate. Like you, if I relied on the stock market, I wouldn't be sharing my story, and many others, like yours, who have actually DONE IT! Thank you for being living proof! Your comment is more helpful than the others I get where they argue that stocks and mutual funds worked great for them because they've just learned to live on a lot less in retirement.

  • @astroman30
    @astroman30 28 днів тому

    At My bank, I did not need a salesman to sell me my account. At My bank, where I "store" my cash, does not charge any commissions. At My bank, I "break even" on day ONE. At My bank, they have no fees to sap the effective interest rate. At My bank, if I want some of my money I just request it and they give it to me. No borrowing, no fees and no interest charged. At my bank, if I want to close my account, they give me 100% of my funds. (No surrender fee.) At my bank, I earn taxable interest. That is because I OWN my account and it experiences real growth of money that I can readily spend. At my bank, I will always have taxable interest income because I am able to pull out MORE than I put in. At my bank, if I want a loan, I don't have to self fund it first or wait (at least) 10 years to build up a cash value. At my bank, all loans are TAX FREE. At my bank, if I take out a loan, the maximum amount is not tied to some percentage of my savings account. At my bank, if I get a loan, my savings continue to earn interest unaffected by the loan. WOW! Just like an "infinite bank." At my bank, if I die, the bank does not keep the funds in my account.

  • @astroman30
    @astroman30 28 днів тому

    Infinite Bullshyt is a scam....stay away.

  • @ambia_seoexpert
    @ambia_seoexpert Місяць тому

    All the best

  • @ambia_seoexpert
    @ambia_seoexpert Місяць тому

    Your channel content quality is awesome. But it has many problems. Your channel has very few views and likes. It needs to be updated. If you want I can share it with you.

  • @ambia_seoexpert
    @ambia_seoexpert Місяць тому

    Best of luck

  • @mdnahidseo
    @mdnahidseo Місяць тому

    Do u need a processional UA-cam thumbnail designer and video SEO experts?

  • @jaybeckerich
    @jaybeckerich Місяць тому

    The problem with the stats from fidelity, I have multiple accounts with multiple companies, according to Fidelity I only have 120k saved, but that is just one account. These stats just never work out with how diverse people are. I have a different company for a different 403b, and different one for my IRA and taxable, etc...

    • @moneyrippleswithchrismiles
      @moneyrippleswithchrismiles Місяць тому

      @jaybeckerich, that's a point I've considered as well. The REAL evidence is those that DO have over $1M being surveyed by Transamerica still found that a large percentage of those with over $1M in their 401k's (and likely have other assets, too, just like you) STILL think it'll "take a miracle to retire." It's still a very small percentage of people that KNOW they'll have enough. And that usually requires saving a lot more than $20,000 a year in mutual funds.

  • @adrianjabascal4749
    @adrianjabascal4749 Місяць тому

    I have an infinite bank policy!

    • @moneyripplespodcast
      @moneyripplespodcast Місяць тому

      That's great to hear! I hope it was designed well for you.

  • @rapidshorts99
    @rapidshorts99 Місяць тому

    Hey Chris, great video! What are some good side hustles/businesses to start? I’m in my 20s looking for more income.

    • @moneyripplespodcast
      @moneyripplespodcast Місяць тому

      @rapidshorts99, I would start with something that ties in with your talents and passions. For instance, some of my early side hustles included a dinner and dance business, insurance, network marketing, and stock coaching. I even got paid for referrals to certain businesses that I lived to promote. If I were to change careers, I would consider health coaching.

  • @RealestateMartha731
    @RealestateMartha731 Місяць тому

    I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Dorian j Townsend. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

    • @RealLive-4My
      @RealLive-4My Місяць тому

      Such information we don’t get from must UA-camrs, how can I get to copy her. ?

    • @RealestateMartha731
      @RealestateMartha731 Місяць тому

      she's mostly on Telegrams, with the user name.

    • @RealestateMartha731
      @RealestateMartha731 Місяць тому

      dorianjtownsend 💯

    • @SamRowe-pink
      @SamRowe-pink Місяць тому

      I messaged her and she responded nicely thanks

    • @scarling9367
      @scarling9367 23 дні тому

      Assuming I can marry someone to support me while I do nothing but save for retirement. Then yes. 😆

  • @313lucky313
    @313lucky313 Місяць тому

    Did alot of talking but never really said anything of substance

    • @moneyripplespodcast
      @moneyripplespodcast Місяць тому

      Try watching the video to the end before commenting. There were plenty of ideas that worked for me and many others.

  • @PowerofRock24
    @PowerofRock24 Місяць тому

    Infinite banking is a scam. I can smell a rat a mile away. "Whole life policy" means they are taking your money and scamming you your whole life. You really think taking out a loan on your OWN money and paying back on your OWN money with interest is an investment? No, it's a scam.

  • @carlyndolphin
    @carlyndolphin Місяць тому

    Great video but personally for me to achieve 20,000 per annum I’d rather invest 600k into the global market and withdraw approx 3% per annum. My current asset allocation is 25% rental residential properties 25% renral commercial 40% global ETF 5% gold 2.5% bitcoin 2.5% ethereum Also have 3 years emergency cash

    • @moneyripplespodcast
      @moneyripplespodcast Місяць тому

      That's always an option. It'll take you longer to achieve that income. But it's always an option.

  • @meme_boy06912
    @meme_boy06912 Місяць тому

    Hi I’m a professional thumbnail maker . If you need help with your UA-cam thumbnails, I'd be happy to assist. You can even try a free trial to see the difference a great thumbnail can make! Best regards , Anuj

  • @eduardogonzalez6364
    @eduardogonzalez6364 Місяць тому

    I miss seeing Tom content. Glad to see he is doing great. He is the person that got me started on my real estate journey.

  • @hejiranyc
    @hejiranyc Місяць тому

    When you design a plan for optimizing cash benefit (as opposed to death benefit), do you recommend "front loading" the plan, or is that even an option with some of these plans? I personally have zero interest in the death benefit (I have no heirs) but I am interested in whole life insurance as a way to grow my assets in a tax-free manner and live off of them in retirement. Would it be beneficial to, say, start off a whole life insurance plan with $500K, followed by annual premiums of $25K? It would seem to me that, in theory, the break-even point occurs much sooner and that at some point the plan could be self-sustaining, i.e., annual cash value growth exceeds the annual premium cost. Great content, by the way!

    • @moneyripplespodcast
      @moneyripplespodcast Місяць тому

      @hejiranyc, yes, you can front load a policy that way. Even though we, as the insurance agents, would make more money, I typically recommend against it because the costs are higher overall, making it MORE expensive by requiring a larger death benefit to allow that much to go in at once. In your case, I would recommend breaking it into smaller premiums over several years where it won't only break even faster, but it will get a higher rate of return overall by keeping the insurance costs down over time. Similar to this strategy, you have the option to put your future premiums into a high yield savings account with the insurance company where they'll pay you 4-5% interest on the money that eventually pays out as premiums into the policy.

    • @hejiranyc
      @hejiranyc Місяць тому

      @@moneyripplespodcast Thanks for the thoughtful response. I suppose I should have mentioned that I'm 55 and am planning on retiring at the end of 2026 (~2.5 years), so my primary motivation is to become cashflow positive sooner than later, i.e., I probably do not have decades to wait for this to work out. I am currently in contract to sell one of my homes and will net a bit north of $1 million in cash after cap gains, etc., so I want to divert as much of it into non-taxable instruments as soon as possible. I'm not sure if any of this changes the baseline assumptions in terms of the rate of funding the plan, front-loading, etc. Another question: When one takes out a loan against their policy, is it a fixed interest rate? Or variable? Is it pegged against the Fed rate? Or is it pegged against the rate of returns in the policy? Thanks again!

    • @moneyripplespodcast
      @moneyripplespodcast Місяць тому

      @@hejiranyc, oh, and the loan rate is variable as well. But typically follows the dividend rate. In the last 15+ years, that same company's rate has been between 5 - 6.2%.

  • @Anurag-mc
    @Anurag-mc Місяць тому

    Hey, loved the way you presented🙌! I'm not really sure if it is the best time to ask but, I was wondering if I could help you create a better distribution by working on post-production like better storytelling through Edits, Keywords, think catchy intros and outros, or even some engaging short clips! Would love to chat if you're interested and keep creating good content:)

  • @queentae290
    @queentae290 2 місяці тому

    You guys In The Comments Clearly Dont Understand What He Is Saying . Cars Depreciate In Value So Why Spend Your Own Money When You Can Use the Banks 🏦 Money . And Invest Your Money Into Something else that generates cash flow .

  • @queentae290
    @queentae290 2 місяці тому

    Can you be my mentor ?

    • @moneyrippleswithchrismiles
      @moneyrippleswithchrismiles Місяць тому

      Yes, actually! My company mentors clients on how to create financial independence in their lives, that's one part of our business and my passion in life. Check out moneyripples.com to learn more!

  • @Savannah-ed4rv
    @Savannah-ed4rv 2 місяці тому

    Rooms are being rented out in Florida where my friend lives for $1,000 to $1500 per month I guess it's great for people who own the property but it's bad for people on a limited income. !

  • @Lukaslarandar
    @Lukaslarandar 2 місяці тому

    Great clip! Thanks for posting it. Loved this one. Appreciate sharing. Excellent content. Good job! Nice work. Appreciated it. Awesome clip. Thanks for sharing it. That was a cool video! Appreciated every bit of it. Great stuff! Looking forward to more. Loved watching this. Great job! Excellent video! Well done! Nice work! Thanks for posting it. Such a nice video! Appreciated watching it. Nice content! Looking forward to more. Enjoyed the clip. Thanks for sharing it. Fantastic clip. Well done! Great content! Appreciated watching it. Nice video. Enjoyed posting. Such a nice video! Loved every second of it. Awesome stuff! Good job! Fantastic video! Thanks for sharing it. Loved the clip. Thanks for sharing. Awesome stuff. Enjoyed watching it. That was a cool video! Loved every moment of it. Great video. Thanks for posting it. Nice content! Looking forward to more. Appreciated watching this. Great job!

  • @317MaseX
    @317MaseX 2 місяці тому

    And that guy was not a real “friend” btw

    • @moneyrippleswithchrismiles
      @moneyrippleswithchrismiles 2 місяці тому

      @317MaseX , as well intentioned as he was in some parts of life, I agree with you there. Like many, he prioritized his family's well being over mine. Had he prioritized mine, years of referrals to him would have made him MILLIONS of dollars. That's why an abundance mindset is so important.

    • @317MaseX
      @317MaseX 2 місяці тому

      @@moneyrippleswithchrismiles exactly‼️ that definitely came back to bite him, that’s why in my journey I just couldn’t do that to anybody, even if that means I don’t get the sale… my clients have always respected that from me and like you said, I get endless referrals because of me doing the right thing

  • @317MaseX
    @317MaseX 2 місяці тому

    Appreciate the information

  • @lh4872
    @lh4872 2 місяці тому

    This is great! I needed this info this week!!

  • @vztrapzy
    @vztrapzy 2 місяці тому

    amazing vid

  • @freelancerlemon07
    @freelancerlemon07 2 місяці тому

    I want to cooperate you increase the views of your videos. What is your opinion?

  • @bluecollarbullionballer4269
    @bluecollarbullionballer4269 2 місяці тому

    I dont own physicql real estate.I do invest in REITS,MLPS,CEFS,and use infinite banking.Not your level but making gains and passive income.Will look into turnkey rentals.Thanks for the video.Happy investing/stacking.

    • @moneyripplespodcast
      @moneyripplespodcast 2 місяці тому

      @bluecollarbullionballer4269 that's the beautiful thing. There are a lot of ways to combine investing and infinite banking

  • @morgenglende-michalski369
    @morgenglende-michalski369 2 місяці тому

    I was gonna say… you’re TRASH if you’re calling life insurance an investment

  • @DeeLott
    @DeeLott 2 місяці тому

    If You Set Up A Policy Today…At What Point Do You Get To Withdraw?

    • @moneyripplespodcast
      @moneyripplespodcast 2 місяці тому

      @DeeLott , you can access cash as soon as 30 days after setting it up

  • @Savannah-ed4rv
    @Savannah-ed4rv 2 місяці тому

    My husband got a term life insurance policy about 3 years before he was diagnosed with terminal cancer at age 42. So I was the beneficiary of that good decision. My advice is that if you aren't sure or if you don't think you can afford a whole life at least get a Term Policy that you will have in case there is a tragic event. You never know what symptoms will wake up with the next day or if you'll be in a car accident and lose your life!

    • @moneyrippleswithchrismiles
      @moneyrippleswithchrismiles 2 місяці тому

      That's VERY wise advice. In fact, I just got off the phone and advised someone of that very same point. Thank you for this great point!

  • @meenakshiingale3437
    @meenakshiingale3437 2 місяці тому

    Mom😊

  • @SyphonGaming
    @SyphonGaming 2 місяці тому

    Im not looking to live a crazy lifestyle so i can definitely live on a lesser amount like 30k-45k a year

    • @moneyrippleswithchrismiles
      @moneyrippleswithchrismiles 2 місяці тому

      If you're single, don't care about any luxuries, don't own a home, and never go through an unexpected hardship or health issue, $45K is fine. But, if you want any sort of freedom, that's a slim budget. But, you can make it work.

  • @MrBlue811
    @MrBlue811 2 місяці тому

    ❤❤❤❤

  • @aayushman_3_3
    @aayushman_3_3 2 місяці тому

    so much value and insights! Don't know why this is not getting more views, Appreicate the value sir🫡

  • @Savannah-ed4rv
    @Savannah-ed4rv 2 місяці тому

    Who are you and what have you done with Chris LOL😂

    • @moneyripplespodcast
      @moneyripplespodcast 2 місяці тому

      Lol! Craig coaches all of our clients. Remember, the channel is "Money Ripples", not Chris Miles the Loner 😉

    • @Savannah-ed4rv
      @Savannah-ed4rv 2 місяці тому

      @@moneyripplespodcastHaha. 😂

  • @cstevens2121
    @cstevens2121 2 місяці тому

    These are great tips! Thanks, Chris! Quick questions about the first option of lending the money. Using the example of taking $250k and earning 10% annually, the simple math is you'd earn $25,000 annually. This is great, but what about inflation? Each year, what is that $250k worth? According to my calculations, based on a 3.5% inflation rate (which is probably WAY too low, but I'm an optimist:-)), I'd need nearly $300,000 after 5 years to keep up with inflation. What are your thoughts on keeping up with low inflation rates and investing the money to create cash flow? I'd love to see a video on this, as I'm sure you have a solution... you always do! Thanks again for all your content and for helping others become financially independent. Keep up the great work. Like Forrest Gump said when he learned Lt. Dan "got him invested in some fruit company" (referring to Apple), "...one less thing" to worry about.

    • @moneyripplespodcast
      @moneyripplespodcast 2 місяці тому

      @cstevens2121 that's a fantastic question. You're right. You'd lose to inflation. I believe I did a podcast on this 2 years ago, but it probably needs to be updated. You can do one, or both, of these methods. 1. Diversify into growth investments, like rentals, where income can increase each year. You can keep lending. But you'll need other investments to counteract that inflation. 2. Get your passive income AT LEAST 50% beyond what you need to live on, and then keep reinvesting the extra to give yourself an income bump each year. There could be a 3rd option which is doing some part time work that can then be reinvested, too.

    • @cstevens2121
      @cstevens2121 2 місяці тому

      @@moneyripplespodcast Excellent suggestions! When you say, "Get your passive income AT LEAST 50% beyond what you need to live on..." in the $250k instance where the investor needs $25k a year (or about $2,000 a month), they'd need more like $360k to earn about $3,000 a month. They'd use the $2,000 a month to live on and save/invest the extra $1,000. That would earn them about $70K over 5 years, assuming a 5% monthly compounded rate and saving $1,000 monthly. So, after 5 years, they'd have $430K (70k + $360k). That could turn into about $3,600 a month, based on the 10% rate of return for a promissory note. At a 3.5% inflation rate after 5 years, you'd need $2,375 monthly to equal the initial $2,000 in spending power. The $3,600 would easily keep up with a low inflation rate, so your suggestion makes sense. It's conservative, but the inflation rate is overly optimistic, so it balances out:-). I love that idea, Chris. Thank you!