The Truth About 401k Fees: What Your Advisor Won’t Tell You with Chris Miles

The Truth About 401k Fees: What Your Advisor Won’t Tell You with Chris Miles

Author: Lane Kawaoka, PE February 4, 2025 Duration: 57:30

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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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Hosted by Lane Kawaoka, PE, The Wealth Elevator Podcast: Real Estate, Taxes, Investing is a practical conversation about building wealth beyond a traditional salary. Lane started in 2009, purchasing small rental properties while working as a W2 engineer, and has since helped manage over $2.1 billion in assets as a general partner. This journey forms the backbone of the discussions, where he breaks down a clear, three-step system for financial growth. You'll hear detailed explorations of alternative investments designed to diversify a portfolio, alongside deep dives into strategic tax planning. The focus is on actionable knowledge, moving from theory to the real-world mechanics of investing. Each episode aims to demystify complex topics, offering a path that has been personally traveled. This isn't about get-rich-quick schemes; it's a methodical look at creating lasting financial freedom through real estate and other asset classes. Tune into this podcast for straightforward advice from someone who has navigated the path from employee to investor, sharing lessons learned to help others elevate their own financial trajectory. The tone is direct and informed, rooted in Lane's professional engineering background, making complex subjects accessible for anyone ready to take control of their financial future.
Author: Language: English Episodes: 100

The Wealth Elevator Podcast: Real Estate, Taxes, Investing
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