Residual Income - Wealth Strategies - Financial Freedom With Murray Miller

Residual Income - Wealth Strategies - Financial Freedom With Murray Miller

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Residual Income - Wealth Strategies - Financial Freedom With Murray Miller episodes

  • S3E18: Do you have what it takes to be Debt Free?

    What would be considered good debt when you’re trying to build wealth?

    There is a type of debt that can be considered “good” when used strategically to build wealth, which is commonly referred to as “investment debt” or “leveraged debt.

    • Rental Real Estate
    • Stocks and Stock Options 
    • Cash Value Life Insurance 
    • Overall, leveraging can be a solid strategy for building passive income over time, but it’s important to approach it carefully and with a solid understanding of the risks and potential rewards involved.

      Characteristics of debt-free people, they

      • have a clear vision of what they want to achieve financially and set specific goals to get there. They stay focused on their goals and make choices that align with them.
      • are willing to make sacrifices and delay gratification in order to achieve their financial goals. They stick to a budget and avoid overspending.
      • understand that becoming debt-free is a long-term process that requires persistence and dedication. They stay committed to their goals even when progress is slow.
      • take responsibility for their financial situation and actively seek out solutions to their problems. They are not passive or reactive.
      • are satisfied with what they have and do not constantly feel the need to accumulate more. They are grateful for what they have and avoid comparing themselves to others.
      • keep track of their finances and stay on top of their bills and payments. They have a system for managing their money and are not disorganized or forgetful.
      • have a strong sense of self-worth and do not rely on material possessions or the approval of others to feel good about themselves. They are confident in their ability to achieve their goals and do not let setbacks or failures discourage them.
      • Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

        Join the conversation on Social: Facebook, LinkedIn, Instagram, YouTube, Twitter, TikTok

        The post S3E18: Do you have what it takes to be Debt Free? first appeared on The Family Business.

        The post S3E18: Do you have what it takes to be Debt Free? appeared first on The Family Business.

        19 min
      • S3E17: Financial Success vs. Financial Freedom

        In this episode Murray exposes the BIG LIE as he dissects the typically subtle differences between Financial Success vs. Financial Freedom. Not recognizing the difference could trap you in a financial cage!

        Financial Success vs. Financial Freedom

        Many of us focus on financial success, especially when we are first starting out. Do you believe that being successful means making a considerable amount of money? If we were to take a look at some of the wealthiest people in the world what we will learn is that a high percentage of them make money from multiple streams of income.

        The difference between these two mindsets to me is drastic – I call one financial success and the other financial freedom.

        Financial success requires our ongoing participation to generate revenue on a continual basis.

        Financial Freedom to me is not having to work for money and having the freedom to do what you want when you want – your income continues regardless. Think of Financial Freedom as the ultimate destination – and everything else is a stepping stone on the way.

        In this episode, we discuss the difference between the two to understand how to achieve the latter. Join in as I walk you through the ways and means to become financially independent!

        Value points:

        • When you get a raise, you start making more, your business takes off, you’re in a new sector — but all of a sudden, your expenses shoot up, luxuries become necessities.
        • You can’t outwork an income-producing asset.
        • Case study – It’s not always about the product! How McDonald’s’ success stemmed from providing an average product and mastering a system of delivery to the online consumer and doing it better than their competitors.
        • For long-term financial freedom, the industry you’re in must be enjoying a positive growth trajectory.
        • Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

          Join the conversation on Social: Facebook, LinkedIn, Instagram, YouTube, Twitter, TikTok

          The post S3E17: Financial Success vs. Financial Freedom first appeared on The Family Business.

          The post S3E17: Financial Success vs. Financial Freedom appeared first on The Family Business.

          15 min
        • S3E16: Developing Multiple Streams of Income

          This episode will give you an overview of how to build wealth plans of residual income and lead your family into living life on their own terms.

          Join me for my Interview with Kelsey Soares from the Closing Deals in Heals Podcast as we reveal how to manage your time in order to market and build each business.

          We discuss how Web3, Cryptocurrency and NFTs are changing the game in the future and why we should be paying attention to this market.

          Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

          Join the conversation on Social: Facebook, LinkedIn, Instagram, YouTube, Twitter, TikTok

          More About Kelsey Soares

          Kelsey Soares has recruited multi billions of dollars to AnnieMac Home Mortgage as an industry leading Recruiter & National Business Development Manager. She was Awarded Most Powerful Women in Mortgage Banking by National Professional Mortgage Magazine, Landing the Cover of Women with Vision Magazine, Podcast Host of Closing Deals in Heels and sought after speaker.

          In a single year Kelsey hit an all-time high of acquiring 1.2 Billion dollars in loan officer production.

          Kelsey & her team work directly with the Top 1% of mortgage loan officers across America. She builds proven customized growth plans specific to the goals of each producer and their work life balance preferences. Kelsey guides her recruits to the path for achieving generational wealth utilizing her specialty program AnnieMac’s Acceleration Blue Print so they can achieve massive levels of community impact, legacy building & financial security.

          The post S3E16: Developing Multiple Streams of Income first appeared on The Family Business.

          The post S3E16: Developing Multiple Streams of Income appeared first on The Family Business.

          38 min
        • S3E15: The 5 biggest ways our United States tax system incentives Business Owners vs. Employees

          Did you know that the United States tax system is designed to incentivize entrepreneurship and small business ownership? That’s right, there are several ways in which the tax code favors business owners over employees. Here are five of the biggest ways:

          1. Business Expenses: IRS Rules
            1. Retirement Savings: IRS Rules
              1. Health Care Costs
                1. Home Office Deduction
                  1. Depreciation
                  2. You can download our Free Resources right to your desktop, laptop or mobile device!
                     

                    The 8 Sources of Residual Income

                    The 5 Steps to Financial Independence

                    Financial Independence MasterClass

                    The Power Shift Video

                    Your personalized Financial Map

                    How can I create Residual Income

                    Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family. 

                    Join the conversation on Social: Facebook, LinkedIn, Twitter, Instagram

                    The post S3E15: The 5 biggest ways our United States tax system incentives Business Owners vs. Employees first appeared on The Family Business.

                    The post S3E15: The 5 biggest ways our United States tax system incentives Business Owners vs. Employees appeared first on The Family Business.

                    14 min
                  3. S3E14: The Automatic Millionaire: Commentary on David Bach’s Best-Selling Book

                    Three important points that David Bach makes in “The Automatic Millionaire” are:

                    1. The power of automation
                    2. The Latte factor
                    3. The importance of taking action
                    4. My take on the best way for the average person to start the process of becoming an automatic millionaire following this philosophy:

                      1. Set up automatic deposits to your savings and investment accounts
                      2. Identify and cut back on unnecessary expenses
                      3. Maximize your retirement contributions
                      4. Educate yourself about personal finance
                      5. Seek professional advice
                      6. By following these steps and consistently automating your savings and investment contributions, you can set yourself on the path to becoming an automatic millionaire over time.

                        Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family. 

                        Join the conversation on Social: Facebook, LinkedIn, Twitter, Instagram

                        The post S3E14: The Automatic Millionaire: Commentary on David Bach’s Best-Selling Book first appeared on The Family Business.

                        The post S3E14: The Automatic Millionaire: Commentary on David Bach’s Best-Selling Book appeared first on The Family Business.

                        14 min
                      7. S3E13: How to recognize and avoid a scam!

                        We are most vulnerable when we have heightened emotions such as fear, anxiety, or excitement.

                        To avoid falling for scams:

                        • be skeptical of unsolicited calls, emails, and text messages
                        • never provide personal or financial information to someone you don’t know
                        • stay informed about the latest scams and
                        • seek help from trusted family members or professionals if you’re unsure about something.
                        • According to the Federal Trade Commission (FTC) in the United States:

                          • they receive over 2.2 million reports of fraud annually and it’s growing
                          • In one year people reporting losing more than $3.3 billion to fraud
                          • these estimates likely represent only a fraction of the total amount lost to scams,                                                                    as many victims do not report the fraud to authorities.
                          • Some of the most sophisticated and common scams that have stolen millions of dollars from people include:

                            • Phishing Scams
                              • Investment Scams
                                • Tech Support Scams
                                  • Online Dating Scams
                                    • Lottery and Sweepstakes Scams
                                    • Scammers use a variety of tactics to gain their victim’s trust, including:

                                      1. Offering something for free
                                      2. Creating a sense of urgency
                                      3. Posing as an authority figure
                                      4. Appealing to emotions
                                      5. To recognize and avoid these scams, you should:

                                        1. Be wary of unsolicited phone calls, emails, or messages from unknown sources.
                                        2. Never give out your personal or financial information to anyone who contacts you unsolicited.
                                        3. Be skeptical of offers that seem too good to be true, such as high investment returns or large cash prizes.
                                        4. Verify the identity of the person or company contacting you by checking their website or contacting them directly.
                                        5. Use strong passwords and two-factor authentication to protect your online accounts.
                                        6. Keep your computer and antivirus software up to date
                                        7. If you suspect that you have been the victim of a scam, report it to the appropriate authorities, such as your bank, the Federal Trade Commission, or the local police.

                                          Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

                                          Join the conversation on Social: Facebook, LinkedIn, Instagram

                                          The post S3E13: How to recognize and avoid a scam! first appeared on The Family Business.

                                          The post S3E13: How to recognize and avoid a scam! appeared first on The Family Business.

                                          19 min
                                        8. S3E12: How to build your business to 7 Figures and beyond!

                                          Only 3% of Bz make 1m +

                                          Out of every 100 people only 3 make $1m

                                          The Stages of Learning in the Hierarchy of Confidence

                                          • Wantrepreuer,Unconscious Incompetence
                                          • Starter: Conscience Incompetence
                                          • Producer: Unconscious Competence
                                          • Master: Conscious Competence, 
                                          • Competence leads to confidence

                                            Once your competence breeds confidence growth is then exponential.

                                            Why do we get stuck?

                                            1. Relationship spouse or inner circle
                                            2. Feel safe
                                            3. Fear of unknown
                                            4. You need guidance & clarity.

                                              Break the perfectionist mentality.

                                              What is the shiny object syndrome and How can I avoid it?

                                              Once you get there, it’s not as hard as you think to go from $1 million to 10,000,000!

                                              Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

                                              Join the conversation on Social: Facebook, LinkedIn, Instagram

                                              The post S3E12: How to build your business to 7 Figures and beyond! first appeared on The Family Business.

                                              The post S3E12: How to build your business to 7 Figures and beyond! appeared first on The Family Business.

                                              19 min
                                            5. S3E11: Think Like a Monk

                                              “Think Like a Monk” Here is my summary and my take on the book by Jay Shetty.

                                              Jay submits that if we incorporate the following 5 habits into our daily activities we can live a more fulling and happy life!

                                              1.     Develop a daily mindfulness practice

                                              2.     Focus on serving others

                                              3.     Let go of attachment

                                              4.     Embrace discomfort

                                              5.     Develop a sense of purpose

                                              What is the Monk Mind vs. Monkey Mind? 

                                              These comparisons highlight the key differences between the two modes of thinking and suggest that by cultivating our “monk mind” we can live more fulfilling and purposeful lives.

                                              •  Focus:
                                              • Distraction:
                                              • Clarity:
                                              • Stress:
                                              • Presence:
                                              • Self-awareness:
                                              • Gratitude:
                                              • To begin thinking more like a monk and less like a monkey, you can try incorporating some of the following practices into your life: 

                                                • Meditation (app I mentioned that I use is called Headspace)
                                                • Mindfulness
                                                • Gratitude
                                                • Service
                                                • Letting go
                                                • Self-reflection
                                                • Developing more meaningful relationships require:

                                                  • Listen actively
                                                  • Be vulnerable
                                                  • Practice empathy
                                                  • Be generous
                                                  • Practice forgiveness
                                                  • Cultivate gratitude
                                                  • By incorporating these practices into our relationships, we can develop deeper, more meaningful connections with others and live more fulfilling lives.

                                                    You can begin to cultivate a more monk-like mindset, characterized by greater focus, clarity, and peace of mind.

                                                    It takes time and effort to develop these habits, but with consistent practice, you can gradually shift from monkey mind to monk mind.

                                                    Overall, “Think Like a Monk” is a thoughtful and practical guide to living a more purposeful and mindful life and it encourages us to develop a daily mindfulness practice, focus on serving others, let go of attachments, embrace discomfort and find a sense of purpose and meaning in life.

                                                    Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

                                                    Social: Facebook, LinkedIn, Instagram

                                                    The post S3E11: Think Like a Monk first appeared on The Family Business.

                                                    The post S3E11: Think Like a Monk appeared first on The Family Business.

                                                    21 min
                                                  • S3E10: The Two Irrefutable Truths of Network Marketing

                                                    You probably won’t hear this from many Top Leaders in Network Marketing.

                                                    NWM has the awesome potential to create residual income however in reality it is more Active than Passive Income for many of its participants!

                                                    1. Irrefutable Truth #1: In order to create residual income in NWM you need to become proficient in Team Building.
                                                    2. The compensation plans developed by Network Marketing company’s typically rewards the behavior based on your hard work through product sales, new team member recruitment and development, incentive bonuses and rewards however it all relies on your effort…at least in the beginning!

                                                        • Active Income vs. Passive Income
                                                        • To create residual income you need to build a team and have a Millionaire Mindset of leverage “I’d rather earn 1% of 100 peoples efforts than 100% of my own”

                                                          2. Irrefutable Truth #2: Statistically, the vast majority of people treat their NWM income like Lottery winnings.

                                                          Winning the lottery is a long shot but holding on to the money has a more predictable outcome!

                                                          In one study of winners, 5 years after the big win, 70% of them had spent every last dime of their jackpot.

                                                          To avoid this happening to you commit to

                                                          • PAY YOURSELF FIRST!
                                                          • Build an Income Producing Asset
                                                          • Buy Assets not Liabilities
                                                          • In NWM we’re leveraging people’s efforts through team building to create a residual income!

                                                            Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

                                                            Join the conversation on Social: Facebook, LinkedIn, Instagram

                                                            The post S3E10: The Two Irrefutable Truths of Network Marketing first appeared on The Family Business.

                                                            The post S3E10: The Two Irrefutable Truths of Network Marketing appeared first on The Family Business.

                                                            31 min
                                                          • S3E9: Learn Powerful Recruiting Hacks from a Master!

                                                            Join me for my Interview with Kelsey Soares from the Closing Deals in Heals Podcast

                                                            Kelsey Soares has recruited multi billions of dollars to AnnieMac Home Mortgage as an industry leading Recruiter & National Business Development Manager. She was Awarded Most Powerful Women in Mortgage Banking by National Professional Mortgage Magazine, Landing the Cover of Women with Vision Magazine, Podcast Host of Closing Deals in Heels and sought after speaker.

                                                            In a single year Kelsey hit an all-time high of acquiring 1.2 Billion dollars in loan officer production.

                                                            Kelsey & her team work directly with the Top 1% of mortgage loan officers across America. She builds proven customized growth plans specific to the goals of each producer and their work life balance preferences. Kelsey guides her recruits to the path for achieving generational wealth utilizing her specialty program AnnieMac’s Acceleration Blue Print so they can achieve massive levels of community impact, legacy building & financial security.

                                                            In today’s episode you will learn:

                                                            • How she teaches her team to duplicate themselves through people and technology to scale and get time back in their business!
                                                            • When recruiting top notch people how to avoid getting ghosted and increase your conversion “show up” rate?
                                                            • How to leverage emotional intelligence on social media and video marketing to create a following and build a brand?
                                                            • How to you build a successful Personal Brand?
                                                            • What can you do to begin investing in real estate and build family generational wealth!
                                                            • Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

                                                              Join the conversation on Social: Facebook, LinkedIn, Instagram

                                                              The post S3E9: Learn Powerful Recruiting Hacks from a Master!  first appeared on The Family Business.

                                                              The post S3E9: Learn Powerful Recruiting Hacks from a Master!  appeared first on The Family Business.

                                                              40 min

                                                            About Residual Income - Wealth Strategies - Financial Freedom With Murray Miller

                                                            From the publisher's feed

                                                            Pursuing your dreams should be center stage in your life! Lifestyle entrepreneur and financial strategist Murray Miller will bring you money strategies to empower you to making your passion to live a…