Feb 04 2025 58 mins 7
📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master
🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club
In this episode, ex-financial planner Chris Miles joins us to uncover the hidden fees and costs of working with certified financial planners. We delve into the broader investment world, discussing the current state of real estate, private equity, and the concept of sidecar investments. Chris shares his awakening story, lessons learned from traditional financial advising, and why he transitioned to alternative investments. We also explore topics like the pitfalls of mutual funds, the real rate of return from the S&P, and the importance of diversifying beyond paper assets. Pinpointing how to act now for a financially free future, this episode offers crucial insights for anyone looking to break free from traditional investment pathways.
00:00 Introduction to Hidden Fees and Costs
00:19 Real Estate Market Trends and Challenges
02:27 Understanding Sidecar Investments
03:30 The Shift to Private Equity
05:49 Introduction to Chris Miles and Financial Planning
07:24 Chris Miles' Journey to Financial Independence
10:13 Critique of Traditional Financial Advice
13:42 The Reality of Mutual Funds and Market Returns
17:39 The Flaws in Financial Planning and Investment Strategies
29:28 A Millionaire's Journey: Luck and Strategy
30:09 The Harsh Reality of Retirement Savings
31:34 Alternative Investments: A New Perspective
32:10 The Power of Cash Flow
35:55 Diversification Beyond Paper Assets
37:14 Lessons from a Financial Advisor
37:26 The Crypto Craze and Market Timing
38:41 Real Estate: Timing and Strategy
42:54 The Importance of Diversification
50:54 The Value of Community and Mentorship
53:46 Taking Action: The Path to Financial Freedom
56:28 Final Thoughts and Personal Stories
Connect with me:
LinkedIn: https://www.linkedin.com/in/lanekawaoka/
Facebook: https://www.facebook.com/TheWealthElevator
Instagram: https://www.instagram.com/TheWealthElevator
Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.
Check out our Top-50 Investing Podcast, The Wealth Elevator.
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