Chris Naugle
👤 PersonAppearances Over Time
Podcast Appearances
All of a sudden you got no line of credit.
They freeze it.
Banks are in control of your money if you don't know that.
So then after that, I was just struggling.
I went into flipping houses instead of owning rentals because it was easier.
And that flipping led me down the path of private money and borrowing from individuals and learning that to writing books to then developing courses and getting everything.
But the whole thing brought me to a pivotal moment.
I'm a high-rank, high-performing financial advisor doing extremely well.
and I'm in Utah snowboarding, and this guy that I borrowed money from, Mike, who's super wealthy, was there, so I call him up, I said, hey Mike, I'm in your backyard, I got a deal I'd like to show you, can we meet?
So he says, yeah, meet me at Cheesecake Factory, to which I did, and then all of a sudden, at Cheesecake Factory, I asked, I don't know why, I asked him, I said, so Mike, how do you lend all this money?
And without flinching, he says,
I lend from my private banking system, to which I articulated as a financial advisor, Mike owns a bank.
I'm like, oh shit, you got way more money than I thought.
Let's go to your bank.
And he says, no, I don't own a bank.
I mimicked what banks do.
I copied what banks do and I do it as my own banker.
And then I said, all right, well, tell me about it.
And he tells me all these particulars.
Like I get, I changed where my money went.