The $1M Solopreneur Formula: 79% Profit on 15 Hours a Week

[SPEAKER_00]: time to fuel your business success. [SPEAKER_00]: Welcome to harmonious and lunch. [SPEAKER_00]: We're bringing you bite-sized advice and expert conversations to drive clarity in growth five days a week. [SPEAKER_00]: Make sure you join our Facebook group at humanop.com slash lunch where listeners like you and our guests hang out to find fun food business together. [SPEAKER_00]: If you're building a business, you're in the right place. [SPEAKER_00]: Let's dive in.

[SPEAKER_01]: Welcome back into some more bite-sized business advice. [SPEAKER_01]: In today's episode, we're talking about how to achieve time, freedom. [SPEAKER_01]: That's right. [SPEAKER_01]: It's a big topic on this show. [SPEAKER_01]: I know our listeners and subscribers always love these episodes. [SPEAKER_01]: And this one's going to be a little bit different because it's not something else you have to do in your business.

[SPEAKER_01]: We're going to look outside your business and where you're putting your money so that you can make it work for you rather than working for it. [SPEAKER_01]: Chris Miles, welcome to the show. [SPEAKER_01]: And thank you for being here. [SPEAKER_02]: Man, Brandon, I'm so excited to be here with you. [SPEAKER_01]: I love this conversation. [SPEAKER_01]: I can't wait to dive in. [SPEAKER_01]: So we're talking about getting our time back, alternate investments.

[SPEAKER_01]: Do I hear that you're a drug dealer, important cocaine from South America? [SPEAKER_01]: Is that what we're doing? [SPEAKER_02]: You know what? [SPEAKER_02]: I'm going to make it easier. [SPEAKER_02]: It's that you have to be illegal. [SPEAKER_02]: You don't have to like spend that much time and energy doing it, but now we're not going all blacklist or you know, on here like we're doing this legit. [SPEAKER_01]: I love it. [SPEAKER_01]: Yeah, talk about damaging your reputation.

[SPEAKER_01]: Come on this show and I'll damage it for you in like ten seconds. [SPEAKER_01]: So, but no, because we're selling selling drugs is, you know, far too labor intensive. [SPEAKER_01]: So, that's not our audience is too busy for that anyway. [SPEAKER_01]: So, let's talk about what we're actually doing here because time freedom is a big thing.

[SPEAKER_01]: It's what a lot of people want. [SPEAKER_01]: I think a lot of people get into business thinking that that's just an automatic buy product. [SPEAKER_01]: And you quickly realize that it's really not, and it's kind of hard to achieve. [SPEAKER_01]: So where do you typically start with this conversation when people say, Chris, how do you not work as much as I do, but you have way more money than I have? [SPEAKER_02]: Yeah, you know, I hear from our people all the time.

[SPEAKER_02]: They're like, Chris, like, listen, I make good money. [SPEAKER_02]: And yeah, like, even from the outside, my life looks amazing. [SPEAKER_02]: Like, I've got a lot of money. [SPEAKER_02]: You know, we go on trips. [SPEAKER_02]: We do all this kind of course up to my family. [SPEAKER_02]: But the problem is Chris, like, I'm still tied to my business, my career, my job. [SPEAKER_02]: Like, I'm still stuck, right? [SPEAKER_02]: It doesn't matter how much money I make.

[SPEAKER_02]: It doesn't matter how much I've saved. [SPEAKER_02]: I'm still stuck here. [SPEAKER_02]: You know, I still have to keep being a slave to the work that even if I love what I do, I'm still slave to it.

[SPEAKER_02]: And that's the thing is like most people think in business, okay, I just gotta hire the right person, you know, maybe AI will help me out and free up some time here, which let's be honest, even when we free up time with AI, we find a way to fill it anyways, you know, or some system or whatever. [SPEAKER_02]: But the truth is like most of our people are like Chris, I wish I could just get my money working harder for me, so I have to work so hard for my money.

[SPEAKER_02]: And that's ultimately what we do. [SPEAKER_02]: And I had to learn that same painful experience myself, because I was the traditional slave and slave kind of guy, right? [SPEAKER_02]: I actually used to be a financial advisor back in the day.

[SPEAKER_02]: and the first realization of this for myself, because I believed in the dream, I drank the coolade where, you know, how you're supposed to just stuff money away, throw it in your mutual fund, your four-win-k, and all that kind of stuff. [SPEAKER_02]: And then eventually some day, you're gonna live off of it.

[SPEAKER_02]: And I thought, you know, if I just save up at least a couple million dollars, I'll live on my three percent of year, that's sixty thousand year, the time I thought five thousand month was great. [SPEAKER_02]: This is like around the year, two thousand. [SPEAKER_02]: So five thousand months more like ten, twelve thousand month here. [SPEAKER_02]: And of course, in my twenties, that sounded great.

[SPEAKER_02]: But here's the thing is that I remember I sat down with my dad and my dad was like the penny pinching saver as well, right? [SPEAKER_02]: I mean, this guy was dirt cheap, you know, bought cereal and bulk, you know, because he got on sale. [SPEAKER_02]: So I ate capping crunch for entire year straight because it was on sale. [SPEAKER_02]: That kind of stuff, you know, and then I sat down with him and he said, Chris, I'm sixty one years old. [SPEAKER_02]: I want to quit.

[SPEAKER_02]: I want to retire at this point. [SPEAKER_02]: And I said, all right, well, let me look at everything. [SPEAKER_02]: He was debt free. [SPEAKER_02]: So Dave Ramsey, we've been so proud of him. [SPEAKER_02]: He had stuffed money as far away and came for decades. [SPEAKER_02]: And despite all that as a dad, if you're retired today, you'd have to die in like five or six years, because that's when you go to run out of money based on how you're living. [SPEAKER_02]: What do I do?

[SPEAKER_02]: I don't know. [SPEAKER_02]: You did everything right. [SPEAKER_02]: And I [SPEAKER_02]: Now, a stock, you know, I didn't know what to do, right? [SPEAKER_02]: I was, I didn't know where to turn.

[SPEAKER_02]: So of course, on the students ready to teach your peers, I start finding out things like alternative investments, real estate investing and things like that. [SPEAKER_02]: And I realized, like, it wasn't about trying to save and accumulate all this money. [SPEAKER_02]: It's about, how do I get my money to work for me? [SPEAKER_02]: How do I actually produce actual income for me?

[SPEAKER_02]: And so I started doing things like not just rentals, all that I did that, but I could lend my money to real estate investors and make like one percent a month. [SPEAKER_02]: So if I had a hundred thousand dollars, I'm making a thousand bucks a month. [SPEAKER_02]: If I have a million, I'm making ten thousand bucks a month, right?

[SPEAKER_02]: We're normally a million dollars in the financial advisor world means you can only live on thirty thousand a year, about twenty five hundred a month. [SPEAKER_02]: So I'm able to quadruple my income with the same money. [SPEAKER_02]: And so when I was twenty eight, almost twenty nine years old, I was actually able to retire. [SPEAKER_02]: I quit being a financial advisor of that, never do it again. [SPEAKER_02]: And I did the exact opposite of what I taught.

[SPEAKER_02]: And that's why in two thousand seven, I came out to teach people how to do just that. [SPEAKER_02]: And that's what we have people do all the time. [SPEAKER_02]: It's like they've been good savers. [SPEAKER_02]: They've been responsible of their money. [SPEAKER_02]: But the problem is they're like, if I keep this up, what am I going to do?

[SPEAKER_02]: You know, like I had a guy that reached out to the other day and he's like, I've got three million dollars saved up and I'm saving two hundred thousand dollars a year to add to it. [SPEAKER_02]: It's fifty two years old.

[SPEAKER_02]: His financial advisor said, okay, well, if you want to live in that half million year that you want to live on, [SPEAKER_02]: Well, you gotta save up, keep saving for the next thirteen years, and hopefully the market doesn't go down the meantime, right? [SPEAKER_02]: And he's like, you tell me like, even with three million dollars, which is way above and beyond, like you're in the top one percent, a fraction of one percent of people with money there, and he still can't retire.

[SPEAKER_02]: I told him's like, dude, we could take that three million dollars, even if you made just ten percent a year and pass the real estate investments that are more certain than like the stock market, you could take that three million, make a three hundred thousand year today. [SPEAKER_02]: And on top of that, if you take that three hundred thousand plus your two hundred thousand to half million, guess what?

[SPEAKER_02]: Your three hundred thousand becomes three hundred fifty thousand next year, then over four hundred thousand next year, within four years, you're over a half million dollars a year. [SPEAKER_02]: Not thirteen years, hoping and praying, the market will work out for you. [SPEAKER_02]: You could do it right now. [SPEAKER_02]: And that's the big thing everybody misses, because every financial advisor is not paid to make you money.

[SPEAKER_02]: Financial advisors are paid, really, just to get paid to sell you products. [SPEAKER_02]: And so that's the thing you got to break free from. [SPEAKER_01]: Yeah, it kind of blows my mind. [SPEAKER_01]: I mean, they're really paid to. [SPEAKER_01]: protect your money, before anything else, and not lose it, which to me is even losing. [SPEAKER_01]: Yeah, even then they lose it.

[SPEAKER_01]: But imagine going to like being a coach of a football game, it's like we're just trying not to lose. [SPEAKER_01]: That's a backwards strategy. [SPEAKER_01]: That's the best defense is a really good offense. [SPEAKER_01]: Always. [SPEAKER_01]: I'm just a huge proponent of that.

[SPEAKER_01]: And that's, it sounds like a really difficult conversation to have with a family member, let alone your dad, but [SPEAKER_01]: really interesting how it sparked that journey and I'll say Dave Ramsey fans please plug yours for this episode or just skip like you're not gonna you're not gonna like what we say here.

[SPEAKER_01]: But I had that same realization a number of years ago when you know I kind of looked at four one caves and IRAs and all that stuff and [SPEAKER_01]: They're just not for everybody. [SPEAKER_01]: I'm not going to knock them in general, but they're not for me. [SPEAKER_01]: I'll say that. [SPEAKER_01]: I want to do more aggressive things with my money. [SPEAKER_01]: And I looked at it and I was like, Oh, cool.

[SPEAKER_01]: So if you save this amount over forty years, you basically would retire with one and a half, two million. [SPEAKER_01]: You make the three percent. [SPEAKER_01]: And it comes out to, I don't know, some, some nono amount, like you said, it's like, it's like, it's, it's five, sixty thousand a year. [SPEAKER_01]: Yeah, it's, it's nothing crazy.

[SPEAKER_01]: But then I, I did the other side of the equation that the financial planners don't typically tell you about is like, well, inflation, that's sixty thousand dollars a year is gonna be pennies. [SPEAKER_01]: I mean, sixty thousand dollars a year, five years ago, was survivable today, your dead broke in most parts of the country, if not all.

[SPEAKER_01]: So you just can't make it work and your dad had that unfortunate realization, but that's why we're having this conversation because I think for business owners, you know, I even have a couple of clients who are in the same, the same kind of boat is like, my business produces good money, but I was always advised to put it in a four or one K and I really can't retire anytime soon. [SPEAKER_01]: That's not a good place to be.

[SPEAKER_01]: So I'm a huge proponent of this for business owners and entrepreneurs. [SPEAKER_01]: So all of that being said, let's fast forward to, okay, what can we actually do? [SPEAKER_01]: Let's assume maybe people do have money in four own case IRAs. [SPEAKER_01]: Is there a way to sort of get that out? [SPEAKER_01]: Are we going to pay the penalties? [SPEAKER_01]: Are we going to pay the taxes?

[SPEAKER_01]: Can we roll it over into something like what are the options for people who are sort of quote unquote established in that world? [SPEAKER_02]: Yeah, the big thing I teach is like these three things, which is get lean, get liquid, and get out, right?

[SPEAKER_02]: Now, get lean just means beer wise steward of your money, watch your money, watch how much coming in, watch how much is going out, use things like rocket money, or whatever you use to track your monthly incoming and outgoing, your incoming expenses, right? [SPEAKER_02]: Just like you wouldn't business. [SPEAKER_02]: I mean, you do that, you're checking your P and L all the time, do you do that at home? [SPEAKER_02]: But it doesn't mean you have to be cheap.

[SPEAKER_02]: It's not mean you'll live it on rice and beans. [SPEAKER_02]: Cutting out that latte because that's what, you know, all the guys with the name David say, whether there's Dave Ramsey or David Bach, you know, they're telling you to be cheap. [SPEAKER_02]: Don't do that. [SPEAKER_02]: You don't have to do that. [SPEAKER_02]: Just be a whicters or money. [SPEAKER_02]: Make sure you're putting your money where you want to be. [SPEAKER_02]: Get liquid means get your money out of prison.

[SPEAKER_02]: Notice that everything a financial advisor tells you to do is locking your money in prison, away from you. [SPEAKER_02]: And it's actually into the very institutions they've worked for. [SPEAKER_02]: For example, you say you work with somebody at Maryland, right? [SPEAKER_02]: Well, they're telling you to put the money in there. [SPEAKER_02]: And whether you make money or not, they still take their one percent plus fee every single year, right?

[SPEAKER_02]: Even if they lose your money, they still get paid when you don't. [SPEAKER_02]: So remember, like, don't just lock up in those four windcays and IRAs, you can't access that money. [SPEAKER_02]: That's a trap, especially if you work for a company, same thing with debt, right? [SPEAKER_02]: They would say pay off for house.

[SPEAKER_02]: Well, I've seen so many people pay off their house, and they're literally like, they're like, I'm where I'm now worth [SPEAKER_02]: Two million, three million now, and that worth paid off house. [SPEAKER_02]: I've got money stuffed in this for one K to the IRAs, but now I can't do anything. [SPEAKER_02]: I literally have no income coming in. [SPEAKER_02]: I'm still stuck slaving away. [SPEAKER_02]: Even if you love your work, again, I get it because I love what I do too.

[SPEAKER_02]: But still, you rather be work-optional where you work because you want to and I can still have to. [SPEAKER_02]: So the answer to your question, Brandon, like four wincays and IRAs, right? [SPEAKER_02]: Can't you do anything? [SPEAKER_02]: Well, if it's with, if you're working as an employee of a company, no, it's stuck. [SPEAKER_02]: Unless you quit or get fired, I don't recommend that.

[SPEAKER_02]: You know, change jobs, maybe, but you know, you can't get to it. [SPEAKER_02]: Now, as an entrepreneur, you can, because you could shut down that four wincay plan at work. [SPEAKER_02]: And just so you know, everybody's worried like, what about my employees? [SPEAKER_02]: Just so you know, your employees don't give a crap. [SPEAKER_02]: I had one dentist, for example, he had ten employees. [SPEAKER_02]: He said, well, if I shut down this forward on K plan, will they get mad at me?

[SPEAKER_02]: I said, well, just tell them this. [SPEAKER_02]: What are you matching them right now? [SPEAKER_02]: Three percent. [SPEAKER_02]: Just tell them all they get a three percent race today. [SPEAKER_02]: Whether they're saving the forward on K or not, they just got three percent race. [SPEAKER_02]: And they get to choose where to put that three percent. [SPEAKER_02]: They can take that three percent put into their raw fire as they want or pay off debt or blow it.

[SPEAKER_02]: What do they want to do with it, right? [SPEAKER_02]: They can still live the same thing. [SPEAKER_02]: And by the way, for one case, they just suck. [SPEAKER_02]: They're funds under perform the stock market. [SPEAKER_02]: So badly that your match just makes up for the bad performance, right? [SPEAKER_02]: So be careful that. [SPEAKER_02]: So now if you have money in those for one key plans, yes, you can do what's called a self directed IRA.

[SPEAKER_02]: You can roll it out of those plans. [SPEAKER_02]: You have if you have an IRA or Roth IRA, you can move to what's called a self directed IRA. [SPEAKER_02]: And in those cases, you can invest it wherever you want. [SPEAKER_02]: You don't have to be with the financial advisor and mutual funds. [SPEAKER_02]: You can literally put in the kind of investments we talk about, like whether you're, you know, say you're lending money to investors, right?

[SPEAKER_02]: Or into debt funds, there's things like that where they might pay you ten, twelve percent a year, you know, contractually, right? [SPEAKER_02]: Not just guessing, like as the postdoc market doesn't pay twelve percent, they average eight long term. [SPEAKER_02]: But, you know, it's still able to make that money there. [SPEAKER_02]: You can go in a best and like oil and gas, you know, things like that, where that's a big opportunity right now.

[SPEAKER_02]: You can invest in things with self storage, a part of buildings, you know, all kinds of stuff you could be investing in, even car wash businesses. [SPEAKER_02]: So you can actually diversify your money away from paper assets, which are just stocks, bonds and mutual funds. [SPEAKER_02]: You can diversify away and actually make good income. [SPEAKER_02]: And yeah, could you cash it out? [SPEAKER_02]: Just say, maybe I don't want to roll it over.

[SPEAKER_02]: Maybe I want to cash it out and get the income now. [SPEAKER_02]: You could. [SPEAKER_02]: That's another option as well. [SPEAKER_02]: And that's why we try to find ways to minimize the taxes on that. [SPEAKER_02]: So then you get to keep more of it to then make more cash flow, make more passive income from it. [SPEAKER_01]: Yeah, I like that. [SPEAKER_01]: And it's just about understanding that you, you are in control.

[SPEAKER_01]: And you need to be like the word you said is beautiful, steward. [SPEAKER_01]: You need to be a wise steward of your finances just like you are in your business, your personal funds, your investments. [SPEAKER_01]: You need to look at them the same way. [SPEAKER_01]: So assuming we're not talking about buying real estate or maybe we are, I'll say that. [SPEAKER_01]: You could be talking about getting into single family homes, apartment buildings, rentals, all that stuff.

[SPEAKER_01]: I'll just come straight out and say the audience is not interested in that. [SPEAKER_01]: Their business owners, the passionate about their business, [SPEAKER_01]: They don't need to be worrying about that stuff. [SPEAKER_01]: You're talking about something else though, primarily, what are the other vehicles that you personally use and you have your clients investing in to make this much larger return? [SPEAKER_02]: Yeah, I'm the same way, right?

[SPEAKER_02]: Because I'm business owner. [SPEAKER_02]: And the reason I'm still in business today with money proposals, because I love it. [SPEAKER_02]: I love teaching. [SPEAKER_02]: I love doing what I do every day. [SPEAKER_02]: And that's why I call money ripples, is that ripple affecting Korean people's lives, you know, with the money you have. [SPEAKER_02]: Because I make fifty thousand month passively, whether I work or not.

[SPEAKER_02]: So the big difference is this is I don't manage my stuff either. [SPEAKER_02]: Most people think they just buy a rental property, and then they have to manage it and deal with the tenants, the toilets, and the trash. [SPEAKER_02]: That's not what I'm talking about here. [SPEAKER_02]: This is hands-off investing. [SPEAKER_02]: So this is where you get, you actually put the money with other investors, right?

[SPEAKER_02]: People that actually have been doing this for decades, they're doing the work for you. [SPEAKER_02]: So for example, when I do an oil and gas investment, I don't have to go, well, one, I already have all these connections anyways. [SPEAKER_02]: So to allow my clients, these borrow my connections, but like these oil and gas investments, like, you know, literally you're just going to the partnership, you do nothing. [SPEAKER_02]: You provide the money. [SPEAKER_02]: They do the work.

[SPEAKER_02]: Same thing, if I'm lending my money to other real estate investors, they're doing all the work, they're doing the fix and flips, they're just paying me a contractual interest that they have to pay me, and if they don't, like the bank, I can foreclose on them and take the property away and then get my money back and then some, right? [SPEAKER_02]: I can do things like, you know, you mentioned apartment building and self storage. [SPEAKER_02]: Again, I'm hands off.

[SPEAKER_02]: The operators are doing the work. [SPEAKER_02]: I'm not. [SPEAKER_02]: I'm car wash businesses. [SPEAKER_02]: Same thing. [SPEAKER_02]: I'm only financing it. [SPEAKER_02]: I'm doing nothing else. [SPEAKER_02]: One of my favorite investments right now is actually raw land dirt.

[SPEAKER_02]: Like literally where these guys are buying and selling raw land usually selling it for triple the price of what we buy it for. [SPEAKER_02]: And then we mortgage it to those new owners. [SPEAKER_02]: So like we're getting a paid mortgage payment with interest on that. [SPEAKER_02]: And so I'm making, you know, I had, you know, I haven't investment, I couldn't about half million, but it's kicking off about thirteen thousand a month, you know, doing that.

[SPEAKER_02]: So that's the kind of fun stuff you can do when you're investing passively hands off. [SPEAKER_01]: I got to hear more about the raw land thing. [SPEAKER_01]: That's new. [SPEAKER_01]: I haven't heard about this before. [SPEAKER_01]: You're just, you're buying [SPEAKER_01]: open acreage and then like how are you selling it for triple are you making improvements to it or these people like what are they doing to sell it for that much higher.

[SPEAKER_02]: Yeah, so these guys are just going in and they're buying that wholesale price, you know, they might buy it off someone who's just trying to because most people aren't trying to buy land right. [SPEAKER_02]: So, but the land if it has a lot more value than what they're selling it for and then they might just be farmers trying to sell a acreage or whatever might be buy that they buy that land.

[SPEAKER_02]: But then they go, and they're blast, I mean, they're blasting, they're using AI, they're using automations, they're using even, you know, Philippine, you know, VAs or whoever else to help find, you know, find buyers for these properties to turn around and sell that retail price. [SPEAKER_02]: So it might be sold to a developer. [SPEAKER_02]: It might be sold to somebody who just wants recreational land. [SPEAKER_02]: I mean, twenty twenty was awesome for that.

[SPEAKER_02]: Because people are saying, hey, I was one of the place where I can go away, get away from people, and go right to my four wheelers, go shooting or, you know, whatever I want to do on that. [SPEAKER_02]: a piece of land or just have a place to escape in case you get to live off the grid, right? [SPEAKER_02]: So there's a variety of reasons why people want raw land.

[SPEAKER_02]: And that's a thing like giving example, these guys bought like an eight thousand dollar piece of property wholesale price. [SPEAKER_02]: But they turn around sold at somebody at thirty thousand retail, right? [SPEAKER_02]: And then they pay me about four hundred and eighty eight dollars a month because they get charged ten percent for that.

[SPEAKER_02]: You know, now they could pay off earlier, just like any mortgage, but they're going to be paying me that for about the next seven years. [SPEAKER_02]: So in total, [SPEAKER_02]: I'm going to pay about forty two thousand dollars from eight grand. [SPEAKER_02]: You know, that's pretty awesome. [SPEAKER_01]: Pretty good return. [SPEAKER_01]: I would take that. [SPEAKER_01]: Who wouldn't? [SPEAKER_01]: I know who wouldn't Dave Ramsey wouldn't. [SPEAKER_01]: It's two.

[SPEAKER_01]: That's right. [SPEAKER_02]: Especially used debt. [SPEAKER_02]: You know, you never have to do that. [SPEAKER_01]: That bad word. [SPEAKER_01]: There you say that words on this show. [SPEAKER_01]: Chris, we're having too much fun here, but I want, I'm curious. [SPEAKER_01]: So you, you help people do this if I'm understanding that correctly. [SPEAKER_01]: You do this through money ripples because it's, yes, a way to make money, but also a passion of yours, which is super cool.

[SPEAKER_01]: If someone reaches out to you, like what, what does that look like? [SPEAKER_01]: Are you helping them find investments and then go telling them to do it? [SPEAKER_01]: Do they give you money and then you put it to work? [SPEAKER_01]: What's the flow? [SPEAKER_02]: Yeah, so we don't take anybody's money that way.

[SPEAKER_02]: We really help you strategize the money and they connect you to those deals, but we're not investment advisors, so we're not telling, we're not cross lines and you should do this or you should do that. [SPEAKER_02]: But we would say based on your situation, your goals, here's some investments you should be looking at.

[SPEAKER_02]: And by the way, we got people are networked that you can use that we've vetted over the years that [SPEAKER_02]: Again, no guarantees, but this is something we can actually guide and direct you along. [SPEAKER_02]: We call our work optional blueprint, right, where we create a blueprint saying, let's find a free up the cash. [SPEAKER_02]: And we save money on taxes and do different things than proof cash flow.

[SPEAKER_02]: Like we did with one client, we literally freed up a hundred thousand dollars a year before we even started investing the money they had trapped in like, you know, Google and Facebook stock, you know, and [SPEAKER_02]: And so doing things like that, but then connecting with deals, and then they can decide and use us as advisors, in a sense that not like an investment advisor, but more like a guide, someone to walk with them.

[SPEAKER_02]: So they can ask us because we're not paid on those deals.

[SPEAKER_02]: We're not like financial advisors that sell you stuff. [SPEAKER_02]: We're literally just people that help guide you along in that process, map out the game plan, and get you to implement it. [SPEAKER_02]: So you create not so like compounding interest, but compounding passive income. [SPEAKER_02]: That's what we create. [SPEAKER_01]: Yeah, no, it's super cool. [SPEAKER_01]: We have a, you have a gift for the listeners that I'll go ahead and put on the screen here.

[SPEAKER_01]: It's your cash flow calculator. [SPEAKER_01]: It's also down below in the show notes wherever you're watching your listening. [SPEAKER_01]: So go check that out. [SPEAKER_01]: I made the joke to you before we started recording how much passive income could I earn if if I made or if I invested one dollar. [SPEAKER_01]: Obviously, that's a joke. [SPEAKER_01]: Please, if you're listening, don't try to invest one dollar.

[SPEAKER_01]: But what is the range of where people should expect to start if they want to get into this type of investment? [SPEAKER_01]: Is it, is it, you know, twenty thousand dollars in passive income? [SPEAKER_01]: Is it a half a million? [SPEAKER_01]: Talk me about that. [SPEAKER_02]: Yeah, Julie, they should have at least a couple hundred thousand. [SPEAKER_02]: that they could invest and do some things with, right?

[SPEAKER_02]: Whether it's sitting in savings, maybe it's trapped in equity in your house or in other properties, we have a lot of people who just have them sell off rent to properties and make more money, you know, and things like that. [SPEAKER_02]: So wherever you have money that's available, that's the money we can then use to generate passive income.

[SPEAKER_02]: And like I said, generally speaking, someone has say a half million dollars, we could probably make you about fifty thousand dollars a year, give or take more or less. [SPEAKER_02]: So usually it's at least a ten percent return on whatever you have and cash that you invest. [SPEAKER_01]: a lot of it. [SPEAKER_01]: That's awesome. [SPEAKER_01]: So go check that out. [SPEAKER_01]: It's on the screen again down below in the show notes.

[SPEAKER_01]: You can play around with the cash flow calculator. [SPEAKER_01]: Chris, thanks so much for being here. [SPEAKER_01]: This is a really cool episode. [SPEAKER_01]: It's been such a pleasure. [SPEAKER_01]: Thanks, Brenda. [SPEAKER_01]: For those of you watching, listening. [SPEAKER_01]: Thank you for being here too. [SPEAKER_01]: All of the links are down below. [SPEAKER_01]: Check them out. [SPEAKER_01]: We'll see you back on tomorrow's episode of Harmonious Hill.

[SPEAKER_00]: So harmonious at lunch in the books. [SPEAKER_00]: I hope this episode made you think, and you grab some actionable ideas to repel your business. [SPEAKER_00]: Don't forget to like, comment your takeaways, and subscribe wherever you're listening. [SPEAKER_00]: So we can help more entrepreneurs just like you.