When it comes to money, we’re often taught to play it safe. Hold on to what we have, avoid taking too many risks, and trust that our money will grow where we’re advised to put it.

What if that advice isn’t really in your best interest?

Here’s the issue: simply holding on to your money without a plan for strategic growth can leave you vulnerable—especially during times of tragedy. Imagine believing you’re financially secure, only to discover you’re not prepared for life’s unexpected challenges.

While we can’t stop life’s hardships, wouldn’t it be empowering to know your finances are secure, no matter what happens? Being your own bank offers that control, turning even difficult situations into moments of opportunity and resilience.

How can we ensure our family’s future is protected? Can positivity emerge from tragedy? And how does becoming your own bank help create this financial safety net?

In this episode, James Miles, owner of a Residential Assisted Living and Memory Care home in Carmel, Indiana, joins me to discuss how becoming your own bank can offer support in tough times. He shares his personal experiences with tragedy and how financial preparedness helped him navigate it.

Things You’ll Learn In This Episode

-Going back to the fundamentals

Many people skip over the basic but important fundamentals of investments. How can fundamentals help us understand what we’re doing and the risk of doing it all?

-The age-old money mindset

Outdated mindsets can negatively influence important money decisions and kill new opportunities. How can you break free from traditional money beliefs to make more informed and flexible financial decisions?

-The bare minimum won’t cut it

Settling for minimal insurance coverage can leave you vulnerable when you truly need it, so it's essential to invest in adequate protection. How can investing in better insurance coverage save you from future financial risks?

Guest Bio

James Miles, based in Carmel, IN, is the Owner and Operator of Willow Haven Senior Homes. With experience from Indiana University School of Medicine and Charles Schwab, James now dedicates his career to providing compassionate residential assisted living and memory care. His "feels like family" approach ensures that seniors needing care have a comforting home, while their families can rest assured knowing their loved ones are well cared for.

Growing up in a family that cared for his mentally handicapped uncle, James understands firsthand the challenges of caregiving. This personal experience drives his mission to offer respite for families, freeing them from guilt and stress, and giving them peace of mind.

Find James on LinkedIn @James Miles

Donate to the Willow Haven Senior Homes State Supreme Court Defense GoFundMe here https://www.gofundme.com/f/willow-haven-senior-homes-zoning-legal-defense

Email shawna@chrisnaugle.com with proof of your $ amount donated and Chris will match your donation.

About Your Host

From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America’s #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is currently founder of The Money School™, and Money Mentor for The Money Multiplier.

His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works.

Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans delivering the financial knowledge that fuels lasting freedom.