#336: From Handouts to High-Net Worth: How Krisstina Wise Achieved Financial Freedom

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Are you a business owner trapped in a high-income rat race, yearning for true financial freedom and a life of purpose?

In this episode of the Money Ripples podcast, Chris Miles welcomes Krisstina Wise, host of the Wealthy Wellthy podcast and expert in helping business owners transform their profits into passive income. Krisstina shares her journey from poverty to financial success, and the hard-learned lessons that shaped her holistic approach to wealth.

Krisstina reveals how she achieved financial independence through real estate investing, emphasizing the importance of building assets that generate passive income. She explains why passive income isn't truly "passive," but rather a form of non-working income that requires smart stewardship.

The conversation delves into the critical balance between financial success and overall well-being. Krisstina recounts her personal health crisis, highlighting the dangers of hustle culture and the need to prioritize physical, mental, and emotional health alongside financial goals.

Ready to break free from the entrepreneurial rat race and create lasting wealth that supports a truly rich life? Listen now to gain invaluable insights from Krisstina Wise on achieving financial freedom while maintaining balance and well-being.

Key Takeaways

3:14 Growing up poor and motivation for money

5:18 Divorce and financial struggles as a single mom

7:20 Awakening to the real money game

8:43 Transition from selling to buying real estate

11:20 Working income vs non-working income

14:35 Health crisis from overworking and hustle culture

19:10 Health as the number one financial asset

Memorable Quotes

"Passive income comes from assets. We have to have this journey of building assets and creating net worth through asset accumulation to have any chance of passive income."

"I manage all my real estate, but I've got it down to a science now. It's passive relative to my working income because I make 3x the money from my passive income than I do from my working income, yet it takes one-tenth of the time."

"In financial terms, my body's my number one asset. I treated my body terribly - I didn't sleep, I ate poorly. It came at a great cost."

Resources Mentioned

Money Ripples - https://moneyripples.com/

Connect with Krisstina

Website - https://wealthywellthy.life/

Instagram - https://www.instagram.com/krisstinawise

YouTube - https://www.youtube.com/@krisstinawise

Krisstina's Book, Falling For Money - https://www.amazon.com/dp/0692560904/

Thank you.