Most agents feel like they can’t buy investment property because they don’t have the money to. Instead of focusing on our money that comes in and goes out, we should be looking at what assets are available to us. How does the banking system keep us poor? How can we break free from that? How can we use money and assets in a way that helps us build a life of freedom? In this episode, Chris Naugle discusses how the banking system really works, and how we can adopt its systems to be more successful.
You can double your money and you don’t have to work any longer or any harder or change anything in your life - you just have to use the money that’s sitting there doing nothing. -Chris Naugle
Takeaways + Tactics
We need to start working on our business instead of in our business, and our business will explode.
We don’t need to have money to be successful - we have to be resourceful and learn how money works, and we can figure out how money works by looking at what banks are doing and duplicating it.
To be successful people we need to do two things really well: invest our time and invest our money.
The banking system is set up to make banks more money and to keep us reliant on them in a cycle of debt. By using money from 401(k)s, home equities and other assets that are just sitting there doing nothing, we can invest in ourselves and our business and become our own bank. If we don’t have assets like these, we need to approach those who do with the opportunity to use and make money from their assets that are otherwise sitting stagnant. We need to learn how to make money work for us so that we don’t have to work harder for less.
Chris Naugle is a nationally recognized entrepreneur and has managed over 30 million dollars in assets in his 16 years of high-level experience in the financial services and advisory industry. Chris specializes in alternative investments, retirement strategies and wealth accumulation. Using his expert knowledge in finance he has successfully bought, renovated and sold hundreds of properties. Through his passion and success in real estate, Chris became co-founder and CEO of FlipOut Academy, a real estate education company that coaches its students on how to get results and create passive income through real estate. He has built and owned 16 companies since 1992. Chris went from a $500 loan in his mom’s basement to having a 10,000 square foot incubator office space and a multi-million dollar real estate business. He also hosts his own podcast “Real Estate Money School”, and has authored a book called “The Private Money Guide”.
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