Have you ever heard of a broke millionaire? It might sound like a contradiction, but it’s more common than you think. In this episode, I dive into the story of individuals who seem wealthy on paper—owning over a million dollars in assets—but are completely cash flow poor.
These are business owners, real estate investors, everyday families whose wealth is locked up in assets, leaving them struggling to afford basic expenses. Meanwhile, the banks keep lending them more money, perpetuating the cycle of being "rich on paper but broke in reality."
In this episode, I’ll share:
- Why cash flow is king and how it’s the real measure of financial health.
- The importance of getting out of high-interest debt to unlock immediate cash flow.
- Why you need to learn how to invest in the stock market—and how to do it better than your financial advisor.
If you’re ready to shift your focus from just building assets to creating real, sustainable wealth, this episode is for you.
🎧 Tune in now and take the first step toward financial freedom!
About Mike
Mike Crofts, is an investment coach/financial expert/wealth strategist with over a decade of experience helping people build sustainable wealth. Mike's passion is teaching individuals how to take control of their financial future—whether it’s through mastering the stock market, eliminating high-interest debt, or creating cash flow strategies to build lasting wealth.
Over the last 10 years Mike has helped his clients payoff over 8 figures of debt and build everlasting wealth.
Free TrainingTake your financial journey to the next level with these free resources:
-
How to Grow Your Investment Account Better than 90% of Advisors (Even if You’re a Complete Newbie) 👉 https://watch.moneycoachmike.com/s/CEzweF
-
How Visa is Building My Million-Dollar Portfolio 👉 https://watch.moneycoachmike.com/s/Fodr07
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