Our Passive Income Report - June 2022

It's another good month for Russ and Joey as they present their June 2022 Passive Income Report. After working with several mentors and engaging in different business ventures, they have come a long way in their passive income journey. But there are still many lessons to be learned. If you're wondering how you can start your own journey to financial freedom, tune in to this episode. You might find an opportunity that will inspire you to take action. Let's dive in! June 2022 Income At-A-Glance: Gross Income for June: $164,320.25 Total Expenses for June: $108,937.96 Total Net Profit for June: $55,382.29 Difference b/t May & June: $8,694.76 % of net profit to overall gross revenue: 34%

Round Table | How Can I Increase My Rate of Return?

When investing your money, you naturally want a higher return. But what exactly is a good rate of return, and how can you improve your chances of getting back more than your initial investment? There are three specific ways to do it.

A good tax strategy

Leveraging other people's money

The Infinite Banking System

Can I Franchise My Own Business? with Tom DuFore

As we look into different business models and wealth-building strategies, this conversation will certainly provide new insights into growing your business in a fast and profitable way. In this episode, Joey and Russ speak with Tom DuFore, CEO of Big Sky Franchise Team. Tom supports and consults with Big Sky Franchise Team’s clients on their expansion and franchise efforts. He has the unique ability and knowledge in franchising, having been a franchisee, a franchisor, and a franchise supplier. Tom also worked as a Franchise Consultant for different companies.

Questions you need to ask before you franchise your business

Pitfalls to avoid when franchising

Opportunities to earn and grow your business through franchising

Tom DuFore

Tom DuFore is the CEO of Big Sky Franchise Team where he is responsible for the company strategy, vision, and growth. In his role, he also supports and consults with Big Sky Franchise Team’s clients on their expansion and franchise efforts. Tom has the “Franchise Trifecta” having been a franchisee, a franchisor, and a franchise supplier. Prior to starting Big Sky Franchise Team, Tom spent more than 10 years as a Franchise Consultant working for multiple consulting companies. He also served as the Vice President of National Business & Franchise Development for the Rabine Group, a National Facilities Maintenance Construction Company with 15 business units. He led the company's sales, marketing, and national expansion initiatives, helping the business expand from $125 million to $185 million in annual revenue in just 2 years. Connect with Tom DuFore: Website - https://bigskyfranchiseteam.com/

Round Table | Debt Freedom vs. Financial Freedom

Having a huge amount of debt can be overwhelming. Hence, many people prioritize paying off their debts instead of putting their money elsewhere. They put off investing in money-making assets until they are debt-free. But is that the right path? Debt freedom is a silent threat. It is masked as financial freedom. In reality, debt freedom and financial freedom are two very different scenarios.

What is debt?

What is the alternative to paying off debt?

What can I do right now to start getting towards financial freedom?

Mentors, Partnerships, and Swimming Upstream with Tyler Cauble

Many entrepreneurs start their businesses out of necessity or by opportunity. But entrepreneurship is not always easy, especially at the beginning. So how do you learn everything you need to know to build a successful business? You never really get the know-how from the traditional education system. College education does not fully prepare you for an entrepreneurial life. But mentors, partnerships, and swimming upstream will help you. In this episode, Joey and Russ speak with Tyler Cauble, author of the best-selling book Open For Business: The Insider's Guide to Leasing Commercial Real Estate. He is the founder of The Cauble Group, one of Nashville's top 25 commercial real estate brokerages. Tyler has negotiated on behalf of clients like local businesses with a single location, to corporate franchises with hundreds of stores nationwide. His unique business model provides him with multiple opportunities to earn money. How is that possible? That's what Tyler will share with you today, so stick around!

Business ideas can come to you at any moment. What you do about it makes all the difference.

You can never really scale your business without the right partnerships and mentors.

Finding your unique selling point and business model is a huge factor in your success.

Tyler Cauble

Tyler Cauble is a commercial real estate broker focusing on leasing and sales, applying his expertise and market knowledge to broker retail, office, and industrial properties. He started his commercial real estate career with a boutique development firm at the age of 21. Now he owns one of Nashville’s top 25 commercial real estate brokerages, The Cauble Group, and two other thriving businesses. Connect with Tyler Cauble: YouTube - https://www.youtube.com/c/TylerCauble Instagram - https://www.instagram.com/commercial_in_nashville/

Round Table | Why Do I Want to Become Financially Free?

Before focusing on any goal, you should have a clear reason. WHY is it important to you? How would achieving a specific goal change your life? Today’s discussion is all about becoming financially free. Financial freedom can mean different things for different people. Many people want to have the freedom of choice to do the things they love and design their perfect days. What about you? Why do you want to become financially free?

Time Freedom: Do we have control over our time?

Security: Why is it important to keep score?

Participation: What does it mean to get a participation trophy?

Land is a Gateway Drug to Financial Freedom with Brent Bowers

Imagine if someone introduced you to a land flipping podcast where you can learn how to buy and sell raw land and turn it into monthly note income. That income then grows so rapidly that you must decide between going down the path you have been trained for or pursuing a life of financial freedom. What would you do? That’s an easy decision, right? In today's episode, Joey and Russ interview Brent Bowers, CEO of Zech Buys Houses LLC and Land Coach at The Land Sharks. Over the last seven years, Brent has built a business that generates at least $50,000 per month in PASSIVE INCOME. The money goes straight into his bank account each month. And now, he’s helping many others tap into this incredible business model. Tune in to discover how raw land became Brent’s gateway drug to financial freedom.

Why land investing is the fastest way to make a fortune in real estate.

When you have clarity and understand the process, opportunities will come knocking on your door.

If you are serious about achieving your financial goals, you will find ways instead of excuses.

Brent Bowers

Brent Bowers is the CEO of Zech Buys Houses LLC and Land Coach at The Land Sharks. Over the last seven years, Brent has built a business that generates at least $50,000 per month in PASSIVE INCOME. And now, he’s helping many others tap into this incredible business model. Connect with Brent Bowers: YouTube - https://www.youtube.com/channel/UCX4sxJwiz7ET7AKTXD9SA8A

Round Table | How Did I Learn About the Infinite Banking Concept?

In today’s conversation, the Financial Freedom Coaches go back to the basics as they talk about when they first learned about the Infinite Banking Concept (IBC) and what problems it has solved for them. This is an important discussion in case you haven’t decided yet if you want to go all-in and implement IBC to help you reach your financial goals.

When did I hear about IBC? Vs. When did I really learn about it?

What problems does IBC solve for different people?

How does the concept of “The teacher learns more than the student” apply to Infinite Banking?

Our Passive Income Report - May 2022

Today’s Passive Income Report is a milestone for Russ and Joey. In June 2020, they published their first Passive Income Report showing a net income of $3500. After venturing into different business opportunities, trial and error, and many lessons later, they now earn almost $47k in Passive Income. If you want to get inspiration and discover your pathway to financial freedom, tune in to this episode to hear how each business venture is performing in current market conditions. May 2022 Income At-A-Glance: Gross Income for May: $109,786.14 Total Expenses for May: $63,098.61 Total Net Profit for May: $46,687.53 Difference b/t April & May: $6,008.86 % of net profit to overall gross revenue: 43%

Round Table | Coaches Corner: What's Working and What's Not

When choosing to work with a coach or a mentor, you would naturally look for someone who has successfully done what you want to accomplish. You want to work with someone who “walks the talk.” So the Financial Freedom Coaches are here today for their quarterly update, which also serves as their accountability call. This is your opportunity to hear what they’ve been up to and decide if you want to learn more about how these coaches can help you achieve your financial goals.

What’s working

What’s NOT working

What’s on the horizon

Passive Income Retreat Austin, TX Recap with Sharran Srivatsaa and Mark Podolsky

If you were not part of the Passive Income Retreat that happened in Austin, TX, and you want to know what transpired, today you get the opportunity to go behind the scenes of that momentous event. Joining Joey Mure in this episode are two people who are members of the Passive Income Mastermind. Pay attention to the wisdom of Sharran Srivatsaa and Mark Podolsky as they share their major takeaways from the event, the side conversations, and shared experiences. There’s something powerful about live gatherings, especially when you interact with people who can help you level up your financial freedom journey. Sharran Srivatsaa is the CEO of SRILO CAPITAL, 4x Inc. 500 Entrepreneur, Host of the 5am Club and Private Advisor to Top CEOs. Mark Podolsky, also known as The Land Geek, has been buying and selling raw land full time since 2001. He completed over 5,500 land deals and his company, Frontier Equity Properties, has an A+ rating with the Better Business Bureau. Mark is also the author of Dirt Rich, the ultimate guide to helping you build a passive income model in raw land investing.

Finding opportunities and turning your liabilities into assets

You can’t have a BIG goal WITHOUT a plan.

Growth accelerates when you are in the company of like-minded people.

Sharran Srivatsaa & Mark Podolsky

Sharran Srivatsaa is the CEO of SRILO CAPITAL, 4x Inc. 500 Entrepreneur, Host of the 5am Club and Private Advisor to Top CEOs. He is a serial entrepreneur, sought-after keynote speaker, and a respected thought-leadership resource for publications such as The Wall Street Journal, SUCCESS magazine, Huffington Post, and Forbes. Mark Podolsky, also known as The Land Geek, has been buying and selling raw land full-time since 2001. He completed over 5,500 land deals and his company, Frontier Equity Properties, has an A+ rating with the Better Business Bureau. Mark is also the author of Dirt Rich, the ultimate guide to helping you build a passive income model in raw land investing. Connect with Sharran Srivatsaa: Website - https://sharran.com/ Connect with Mark Podolsky: Website - https://www.thelandgeek.com/

Round Table | When is Speculative Investing Ok?

When you invest in something, you naturally expect to make a return. You desire to receive all your capital back and some profit when you sell the asset. If you speculate on an asset, you hope the price will move in your favor, but you are aware that it may not. So how much risk are you willing to take? As Sharran Srivatsaa says, “Every money decision needs a money plan.”

What is SPECULATION?

What is the alternative – Cash Flow or Appreciation?

When does speculation make sense?

From Grand Theft Auto to 33 Cars on Turo with Matty J

Do you have a vehicle you rarely drive? Instead of letting it gather dust in your garage, why not rent it out? Not sure if this is a good idea? Then listen up! In today's episode, Joey and Russ interview Matty J, an influencer and a successful car rental business owner. He has helped thousands of people successfully start, grow, and scale their car rental business with the TURO platform while generating eight figures in the car rental industry. Tune in to this episode to learn how to turn your liabilities on wheels into money-making assets.

Documenting a process

Following a process

Being patient and trusting the process

Matty J

Matty J is an influencer and a successful car rental business owner. He has helped thousands of people successfully start, grow, and scale their car rental business with the TURO platform while generating eight figures in the car rental industry. Matty J is also a Christian leader who openly shares his faith. Connect with Matty J: Website - https://www.carrentalgame.com/joincrgnow Instagram - https://www.instagram.com/ceomattyj/

Round Table | Nelson Nash Changed My Life

If you’ve been listening to this podcast for a while, you probably know who Nelson Nash is and how greatly he has influenced many people's lives by pioneering and spreading the Infinite Banking Concept. His book, Becoming Your Own Banker contains vital information that will help you take control of your cash flow and shift your mindset about the infinite possibilities of building generational wealth. Today’s conversation serves as a homage to Nelson, whom the coaches have met personally. So you will also hear personal stories about their insightful interactions with Nelson.

Mindset

Opportunity

Legacy

Round Table | What Not To Do When Trying To Save Taxes

Tax evasion is a crime. However, there are legitimate strategies to minimize your tax bill and keep more money in your pockets. The rich use many of these strategies because they have very tax strategists in their corner. But how can ordinary people take advantage of the same information? Who do you ask for help? What should you not do when trying to save taxes?

Seeking professional help

Building a plan and sticking to the plan

Evaluating tax brackets and using creative strategies to stay in the lower bracket

Is it Possible for a Franchise to Be Passive? with Kim Daly

Franchising is an excellent option if you want to become a business owner without starting from scratch. With franchising, you’re acquiring a business with existing systems and money-making processes. But it is not an entirely passive investment. So how much time and effort should you dedicate to a franchise? In today’s episode with franchise expert Kim Daly, you will learn some exciting things about franchising and how you can participate in this business model in one of these capacities: Owner-Operator, Semi-Absentee Owner, or Passive Investor.

The difference between entrepreneurship and franchising

The three types of investors and how they invest in a franchise

The criteria you should look for when choosing a franchise

Kim Daly

Kim Daly is one of America’s Top Franchise Consultants and the Founder and Host of KimDaly.tv. She is also a motivational speaker and international best-selling co-author of Franchising Freedom. For the past 20 years, Kim has been helping people realize their dreams of business ownership through franchising, and while helping others achieve their dreams, she has been fulfilling her own. So that's definitely a win-win situation. Before becoming a franchise consultant, Kim used to be an entrepreneur and highly sought-after consultant in the health and fitness industry, working with brands such as Denise Austin, Dr.Denis Waitley, Gold’s Gym, and eDiets.com. She is the creator of “The Daly Plan,” a millionaire mindset coaching program that enabled her to build the largest franchise consulting business in the history of franchise consulting in 2012. Kim is a mom of two teenage boys, and she’s living a good life in her beach home in New Hampshire. Connect with Kim: The Daly Coach YouTube Channel - kimdaly.tv

Round Table | I Bought A Whole Life Policy, Now What?

Have you purchased a whole life policy? If you did, what was your intent when you bought it? If you’re new to the Infinite Banking Concept (IBC) and still cannot fully wrap your head around it, this conversation might just be what you need. The idea of having a readily available cash flow to fund your purchases and make your money work for you is only limited by your creativity. And to encourage you to move forward and find more opportunities, you have to surround yourself with like-minded people. Knowing about IBC and implementing the system will enable you to rethink your thinking and trigger a shift in your mindset.

How do you use IBC (your whole life policy) for what you set it up for?

Why do you need to become part of a community?

How do you share the good news about this financial system and rethink your thinking?

Our Passive Income Report - April 2022

Welcome to another episode where Russ and Joey share the behind-the-scenes in their monthly passive income report. When they say passive income, it means income from the businesses and investments they have engaged in a passive capacity, either hiring an operator or a partner to run the business. Before we proceed to the April report, some adjustments happened in April, so the worksheet is still being finalized. We see the land business and short-term rental consistently doing well for April. If you're interested in the cryptocurrency craze, there are some interesting tidbits in today’s conversation. So tune in to this episode. April 2022 Income At-A-Gross Income for April: $94,460.42 Total Expenses for April: $61,398.84 Total Net Profit for April: $33,061.58 Difference b/t March & April: $50,179.53 % of net profit to overall gross revenue: 34.1%

Round Table | How Can I Impact The Next Generation?

Every great person wants to be remembered for the positive impact they made. They want to create a lasting legacy and leave the world a better place than they found it. Wouldn’t you want to do the same if you have the opportunity? You don't have to be ultra-rich or powerful. You just have to start where you are and with what you have. So how can you impact the next generation?

What are the different types of impact?

Why do you want to create an impact?

How do you create that impact?

Breaking Out of the Active Income Equation with Roberto Chavez

What would you do if you wanted to earn more money? If you are an active income earner, the only option is to work longer hours. And the cycle repeats itself. So how do you get out of the rat race? Imagine how it would feel to finally fire your boss and live life on your terms. That can happen once you find the path that’s right for you. Today’s guest knows what it's like to trade time for money. Now that he has built a passive income that exceeds his expenses, he is happy to share what he did. So tune in as Russ and Joey talk to Roberto Chavez, a member of their Passive Income Community. Roberto spent years in law school and more years working in a law firm until he discovered the land flipping opportunity, which became his path to financial freedom.

First, invest in yourself and discover your path to financial freedom.

Next, you have to take calculated risks.

Finally, you need to surround yourself with people who understand and support you.

Roberto Chavez

Roberto Chavez is a retired lawyer and a full-time land investor who is a part of the Land Geek community and the Wealth Without Wall Street Club 200. He now enjoys financial and time freedom while continuously growing his land-flipping business.

Round Table | I Have an Active Income Problem, Taxes are Killing Me

Do you get excited when payday comes? Are you happy to see how much money you get to take home? If you are a regular worker or an active income earner, you probably cringe at the sight of your take-home pay. The biggest chunk of your hard-earned income goes to your income tax, leaving you with very little to fund your family’s needs and enjoy the fruits of your labor. So how do you get out of this vicious cycle? And why is it that people who have more money get to pay less taxes? What are they doing to enjoy such privilege? That’s what the coaches are going to discuss today. So pay attention and discover how you can lower the amount of taxes you pay legally.

The four different ways people pay taxes according to where they are in the Cashflow Quadrant

Legal ways to minimize the amount of taxes you have to pay

$2000 in the Bank, Negative Net Worth, and I Bought a Mobile Home Park with Bryce Robertson

Are you still languishing in a job that crushes your soul every day? For many people out there, financial freedom is still a far-off dream. But others have found their path and pushed forward, never stopping even when they have succeeded in several profitable deals. Today’s guest is someone who was able to gain financial freedom in just a few years. He walks us through his journey from that first deal. Like many others out there, Bryce had to work in a job he didn’t like until he turned his average life into one of success and freedom. He began his investing career with a net worth of negative $50,000, unseasoned credit, and only $2,000 in the bank. Bryce and his wife are now living according to the freedom trinity - financial, time, and location freedom. Tune in to this episode to get inspired to take that first step to financial freedom.

First, believe in yourself to get others to believe in you.

Next, before you invest in projects, you have to understand your Investor DNA.

Finally, you have to design a life that includes what you want.

Bryce Robertson

Bryce Robertson is from the Land Down Under, where he started his real estate business, earning him the title "Your Australian Real Estate Mate." He is an entrepreneur, educator, best-selling author, traveler, and adventurer. Bryce has over 20 years of experience in large commercial construction projects, real estate, and managing businesses. He is committed to helping others create their self-designed freedom lifestyle through his education platform at Freedom Hack Radio and PropertyWorkzUSA.com. Connect with Bryce Robertson and Join the PropertyWorkz Inner Circle: https://www.freedomhackradio.com/ and http://www.propertyworkzusa.com/

Round Table | How Safe is My Cash Value?

How safe is your money? The answer to this question is heavily dependent on where you're putting your money. And that depends on what makes the most sense for your financial situation. For example, if you know how IBC works, you're probably putting most of your money in life insurance where it accumulates cash value, which you can then use as a source of cash flow for investments or other purchases. But how safe is your cash value? That’s what today’s conversation is all about.

How safe is your money in a traditional bank vs. an insurance company?

What are the potential threats to your money?

What happens if the government changes its rules on cash value?

Taking Ownership of the Deal Flow with Denis Shapiro

How do you build passive income outside the traditional investment portfolio? Russ and Joey have always been passionate about different aspects of investing and diverse ways of building wealth. So they bring in Denis Shapiro to talk about alternative investments in today's episode. Denis began investing in real estate in 2012 when the market was just beginning to recover from the global financial crisis. He then built a cash-flowing portfolio that includes many alternative assets. Next, leveraging the lessons learned throughout his career, Denis launched SIH Capital Group, an alternative investment fund that provides accredited investors with a simplified strategy to invest for passive income.

First, networking with the right people can significantly accelerate your success.

Next, make sure your deals are well documented and the roles and responsibilities of each partner are clearly outlined.

Finally, learn from your mistakes and take advantage of all the possibilities that alternative investments provide you.

Denis Shapiro

Denis Shapiro is the author of The Alternative Investment Almanac: Expert Insights on Building Personal Wealth in Non-Traditional Ways. He started investing in stocks and bonds 20 years ago, facing the frustrations of investing for income using traditional Wall Street methods throughout that time. In 2021, Denis decided to offer a better solution for investors looking for yields that were shielded from dramatic fluctuations. He realized that leveraging alternative investments with limited liquidity was the solution Wall Street couldn't provide. That idea led to the birth of SIH Capital Group. Connect with Denis Shapiro: Website - https://sihcapitalgroup.com/

Round Table | The Stock Market is Crashing. What Should I Do?

Where have you been putting your money? Are you betting on the stock market? The market is declining at a rate that can rattle even seasoned investors. What would you do? Many investors buy or sell stocks based on their emotions and greed. But why are we even talking about the stock market?

Is the market really crashing?

Is the market the best place for you to invest in regardless of the current trend?

Where are other people finding success?

Our Passive Income Report - March 2022

It's that time of the month again when Russ and Joey share how their investments are doing and what they are learning. For March 2022, the numbers are up, especially for the short-term rental business. So, it has been a good month overall. There's also some exciting news about crypto and syndication, a potential win on a failed transaction, and more! Let's jump right in! March 2022 Income At-A-Glance: Gross Income for March: $119,290.03 Total Expenses for March: $71,790.20 Total Net Profit for March: $47,499.83 Difference b/t February & March: $14,259.42 % of net profit to overall gross revenue: 40%

Round Table | Is There a Limit on How Big I Can Make My Infinite Banking System?

As we continue to explore important topics about the Infinite Banking System, today's conversation focuses on how much money you can put into your financial system, what the limitations are, and how you can maximize the opportunities that the system can provide. At the end of this, you would have a clearer view of your priorities when it comes to determining how big your Infinite Banking System can be. It's not just about the amount of money you have, but your mindset and creativity that will make a difference.

What are the limits that insurance companies might put on us?

What are the limits of your financial ecosystem?

Finally, what are the limits of your creativity?

Taking the Bull by the Horns with Billy Keels

People have different ways of dealing with problems. Some run away from their problems while others face the issues head-on. In this episode, you will meet a guy who knows how to “take the bull by the horns.”

First, you have to be very clear about what you want.

Next, you have to take action to achieve what you want.

Finally, never be afraid of taking risks, but make sure you are surrounded by people who can support you.

Billy Keels

Billy Keels is the host of The Going Long Podcast. He is from a middle-class family from Columbus, Ohio. Billy grew up not knowing anything about investing. When he became successful in his career, he had no idea how to invest his high salary and was too embarrassed to ask. So he challenged himself to learn everything he could about money and investing. His mission was to turn his high wages into financial freedom. Eight years later, he created a monthly passive income that met all of his expenses. He no longer had to work if he didn’t want to. Now he has complete freedom over what he wants to do. He now lives in Barcelona with his wife and children.

Round Table | When Should I Include My Family in My Infinite Banking System?

Have you heard about the Infinite Banking System? Did you know that your whole life insurance can serve as a convenient way to fund major expenses without borrowing from a traditional bank? If you do, how are you sharing the knowledge with your family? When should you include them in your Infinite Banking System?

What is Infinite Banking?

When is the right time to start insurance policies for your family and introduce them to Infinite Banking?

Finally, are there limits or processes to how I implement Infinite Banking?

Build Your Business on Amazon with Bry Shields

Over the last couple of years, the e-commerce space has seen tremendous growth as more businesses shifted to setting up online stores. There are several platforms to choose from, but Amazon is probably the biggest. So what is it like working inside the Amazon space? What are the things you have to know to start your e-commerce business on Amazon? Today's guest can shed some light on your questions. Tune in to this episode as Russ and Joey interview a successful e-commerce business owner and member of the Wealth Without Wall Street Community, Bry Shields.

What are the essential skills you need to build a business on Amazon?

How to choose your niche and create products to sell

What are the usual challenges, and how do you overcome them?

Bry Shields

Bry is the founder of TruVu Optics. He is an avid entrepreneur and has played golf most of his life, so he built his e-commerce business with golfers in mind.

Round Table | Do I Have to Pay My Premium Until I'm 100 Years Old?

Today's topic is a question that has been in the minds of many people, especially those who are new to Infinite Banking or those who do not consider insurance as a tool to build financial freedom. The short answer is NO. You do not have to pay your premium until you're 100 years old. But what are your options? To guide you in your decision-making, these Financial Freedom Coaches will talk about their experience with the Infinite Banking System and how they view their insurance premiums.

Do you consider insurance premiums as an expense?

If you can stop paying premiums earlier, would you take that route?

Finally, what are your options?

Health Care Set Free with Anthony Hopp & Samaritan Ministries

The high cost of health care services is a well-known aspect of the US health care system. There's a huge probability that the same thing is true in other countries. Quality healthcare is one of the most important needs of an individual. Are you sure that you will get that care in case of emergency or any need for medical care? A lot of our healthcare is expensive, impersonal, intrusive, and at times objectionable. So how do we find an acceptable solution to fix the system? In this episode, Russ and Joey interview Anthony Hopp, the Chief Purpose Officer of Samaritan Ministries, one of the nation's largest Health Care Sharing Ministries (HCSMs). Tune in as they talk about what it really means to love one another in a practical way through the sharing of medical burdens.

The differences between Health Care Sharing Ministries (HCSMs) vs. traditional health insurance;

How to be a good steward of God's financial blessings;

What it truly means to "share someone's burden."

Anthony Hopp

Anthony Hopp is the Chief Purpose Officer of Samaritan Ministries. He has been with the ministry since 1997. A graduate of Music Theory & Composition, Anthony has served in various roles within the organization throughout the years. He has enjoyed a front-row seat to God’s protection and provision for Samaritan Ministries as it has grown from a few hundred households to over 83,000. Anthony has been happily married to his wife, Jen, for 25 years. They have two sons.

Round Table | Crypto...Digital Gold?

Crypto is on fire, and the people who know what to do are accumulating HUGE fortunes! If you've been hiding under the rock or don't care about the crypto market, it's time to join the conversation. You need to know a few important things if you want to dip your hands in this so-called digital gold. You don't want to be left behind.

How is crypto similar to gold?

What are the opportunities that crypto provides?

Finally, is crypto a currency or an opportunity?

Our Passive Income Report - February 2022

How do you evaluate an investment opportunity? What % ROI would you say is a good investment for you? Investing in yourself is the best investment you can make. When you understand how things work, you will know that there are no bad investments, only bad investors. Now, let's listen to how Russ and Joey's investments and passive income fared in February and see if any investment opportunities resonate with you. Do you want to join the Passive Income Retreat? Send an email to info@wealthwithoutwallstreet.com and type in Passive Income Retreat in the subject line.

February 2022 Income At-A-Glance: Gross Income for February: $100,408.27 Total Expenses for February: $67,167.86 Total Net Profit for February: $33,240.41 Difference b/t January & February: $178.73 % of net profit to overall gross revenue: 33% Do you want to join the Passive Income Retreat? Send an email to info@wealthwithoutwallstreet.com and type in Passive Income Retreat in the subject line.

Round Table | How Do I Pay My Premium AND a Loan Repayment?

The use of the Infinite Banking System provides creative options to make your money work for you. You enjoy access to cash anytime you need to fund a purchase. However, if you're new to Infinite Banking, you might be worried about simultaneously paying your premium and your loan. How can you manage? Today's conversation will give you some amazing insights.

The different types of loan repayment.

How to repay a loan for a cash-flowing asset vs. paying loans that were used for expenses.

How to prepare for windfalls and the flexibility that comes with having your own financial system.

RV Parks: The New Answer to Affordable Housing with Ian Burnstein

Today's episode is exciting for Joey because it presents the future for Cousin Eddie. RV parks are among the highest-yielding of all real estate asset classes. If you enjoy spending time with people and the outdoors, investing in RV Parks is definitely worth it. Ian Burnstein is one person who can speak volumes about the beneficial aspects of investing in RV parks. Ian is the co-founder and COO of Storage Pros Management (SPM). He is a former attorney turned real estate and self-storage entrepreneur who has invested in multi-family, RV parks, self-storage, and cannabis dispensary sale-leaseback sectors.

Resilience goes a long way

How to identify profitable investment opportunities

The outlook for RV Parks and storage facilities

Ian

Ian Burnstein is the co-founder and COO of Storage Pros Management (SPM). He is a former attorney turned real estate and self-storage entrepreneur who has invested in multi-family, RV parks, self-storage, and cannabis dispensary sale-leaseback sectors. He has been a part of more than $500,000,000 in transactions since 2015. Ian is currently an investor and the Chair of a TIGER 21 peer group, Owner of Storage Business Owners Alliance (SBOA), and President of SBOA Tenant Insurance. He is also involved in a community clinic in honor of his father.

Round Table | Inflation...What is it Good For?

Inflation is continuously rising. But what does it really mean? Economists and financial experts claim that a certain level of inflation is a sign that the economy is healthy. Yet consumers who rely on fixed income cannot fully agree, especially when inflation impacts them through higher prices of goods and services. It hurts them financially because now they have to pay more for the same things. If there's a way for people to increase their purchasing power, wouldn't you want to know about it? To get a better understanding of how higher inflation could affect us and what we can do about it, tune in to this round table as the coaches talk about three things: What is inflation? How does it work against us? Is there a way to make inflation work for you? If you want better control of your future, join the Wealth Without Wall Street community.

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How to Master the Crypto Market with Josh Rhodes

How much do you know about cryptocurrencies and NFTs? With more people buying cryptos, it is easy to get seduced by the potentially enormous gains this market offers. But, like any other investment opportunity, you need to research and understand cryptos so you can make better investment decisions. As an investor, you need to be prepared for risks and volatility. To help us understand the world of cryptocurrencies, NFTs, and blockchain, we have Josh Rhodes, founder of Crypto Y'all. Pay close attention as he shares his three wealth-building strategies focused on cryptocurrency investment.

Your past does not define your future.

The basics of cryptos and NFTs.

Three strategies to build wealth using cryptos.

Josh

Josh Rhodes came from humble beginnings, growing up in the countryside. But that did not stop him from pushing past the limitations of poverty. He read Robert Kiyosaki's book, Rich Dad Poor Dad, and started investing in real estate. In 2018, he became crypto curious, studied and invested in cryptocurrency, and later founded Crypto Y'all.

Round Table | Should I Liquidate My 401k and Put it into an IBC System?

Do you have a clear path to building wealth so you can enjoy a comfortable life after you stop working? For most individuals, 401k’s are the default option. However, withdrawals are typically restricted since it is intended to be a retirement plan. Most withdrawals before age 59 1/2 come with a 10% penalty. So, you don't really have control over your funds while it is locked in your 401k. Is there a better alternative? That's what Joey and the coaches will talk about in today's conversation. So, please listen closely. --- There are three main topics to this round table: First, why do people invest in 401K? Next, what options do they have? Finally, how does someone decide which path to take?

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Everything Is On Sale with Scott Todd

Top-level company executives worry about their job security as much as the rest of us do – in fact, maybe even more. Gone are the days when job security was one of the reasons to work for a specific company. With the fast-changing economy, no one's job is safe from being dissolved. What would happen to you and your family when you get sacked? It's best to be prepared and not rely solely on your paycheck for your living expenses. Having passive income streams becomes all-important. This is what Scott Todd talks about in today's episode.

Clarity and the right mindset are crucial factors to your success

Always be excited even with small wins

Confidence is contagious

Scott

Scott Todd served as a Vice-President at the Hertz Corporation and has the unique experience of serving as a Senior Leader in 3 different corporate domains: Finance, Operations, and Information Technology. In 2012, Scott established STKT Holdings, LLC and began buying and selling rural land. Since 2014, Scott and his team have completed over 2,000 transactions, and he has taught over 1,000 other investors how to build a healthy passive income by investing in untouched rural land. In 2017, Scott and his partner, Mark Podolsky, began partnering with a small group of investors to help them build passive income businesses, which combined now generate over $100,000 per month. He is also the founder of Landmodo.com, the premier platform for buying and selling Owner Financed Land.

Round Table | Takeaways from IBC Think Tank

Today's conversation is all about going back to the basics. Russ, Joey, and the financial freedom coaches sat down in the IBC Think Tank to refresh their minds on the teachings of R. Nelson Nash and his book Becoming Your Own Banker. Whether you are hearing about IBC for the first time or you have been using this tool for a while, the takeaways from IBC Think Tank is something you won’t want to miss!

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How to Build Passive Income While Making Music with Jordan Critz

Are you satisfied with what you do to make money, or are you trapped in a soul-crushing career? Many entertain the idea of making money out of their passion. Some people have successfully transformed their hobby into a viable business venture, sometimes being called “passion-preneurs.” Today's guest is someone who has made money with his music. But he didn't stop there. Instead, he searched for ways to replace that money with passive income streams to continue creating music out of passion. He believes that you should never trade your art for commerce. Tune in to this episode with award-winning American composer, producer, and songwriter Jordan Critz.

How to use your talent to create art

Money flows in when your heart is in the right place

Why you should never let your passion be your only source of income

Jordan

Jordan Critz is an award-winning American composer, producer, and songwriter. His work has been featured on numerous recording, film, and television, including Disney, National Geographic, Apple, Google, Microsoft, Facebook, CBS, PBS, ABC, NBC, CW, ESPN, Lifetime, TEDx, and more. Jordan believes that every melody tells a story. His goal in composing and producing is to craft the melodies and music to enhance the story told by the artist or the film director. Jordan's classical training on piano and guitar from the age of 6 fueled his love and unorthodox approach to making music. Because of his broad experience in working with many different styles of music, he’s right at home producing a rock band, working on folk music, or scoring an orchestra for a film. Jordan is a multi-instrumentalist and has toured with numerous artists and played on many records worldwide. His recording studio is located in Nashville, TN.

Round Table | Quarterly Coaches Update

How do you choose the right mentor or coach? You want a coach who practices what they preach and someone who leads from the front. You wouldn't choose someone who hasn’t done what they’re asking you to do. Today's conversation is all about the Financial Freedom Coaches. In the same way that Russ and Joey share their Monthly Passive Income Report, today is an opportunity for JD Hill and Mark Haruguchi to highlight what they've been doing to reach financial freedom. --- The conversation will focus on these three things: What's working What's not working What's on the horizon

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Our Passive Income Report - January 2022

With the rising cost of commodities, the common citizen is presented with financial hardships in their daily needs. How can someone who relies on a single source of income offset the impacts of inflation? This is one of the concerns that Russ and Joey touch on in today's episode. Not only will they talk about the numbers of their January Passive Income Report, but they will also share the lessons learned from their business ventures, and how they make their decisions. Get inspiration from this conversation and start your journey to financial freedom.

January 2022 Income At-A-Glance: Gross Income for January: $94,460.42 Total Expenses for January: $61,398.84 Total Net Profit for January: $33,061.68 Difference b/t December & January: ($17,117.95) % of net profit to overall gross revenue: 35%

Round Table | What Can We Learn From Elon Musk?

Tesla, SpaceX, Paypal, Mars. What do they have in common? If you answered Elon Musk, you are absolutely right! This man is no doubt one of the greatest achievers in the world and there's no stopping him. He is a successful entrepreneur, inventor, and visionary due to diligence and traits that most of us may possess, but do not fully understand how to maximize. --- In today's round table, the coaches will talk about three valuable lessons we can learn from Elon Musk.

Why you need to prioritize investing in yourself.

What is the I Quadrant and what steps can you take to move to this Quadrant.

How to legally minimize the taxes you owe.

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Secrets to Landing Premium Guests with Travis Chappell

If you're interested in self-development, building a fantastic network, or crafting a life you desire, there’s definitely something for you to learn from today’s episode with Travis Chappell, founder, and CEO of Guestio and the host of the Build Your Network podcast. Travis came from humble beginnings. Growing up in Lancaster, a small city in Southern California, his first job was door-to-door sales. In 2017, he launched a podcast about how to build better relationships. It was then he discovered that podcasting was his favorite way to connect with people. Now, he helps connect people all over the world. Hear the rest of his story in today's episode.

Self-development is so vital to becoming successful

What building your network can do for you

Creating the life that you desire

Travis

Travis Chappell is the founder and CEO of Guestio and the host of the Build Your Network podcast. He is a loving husband to his wife, Jacqueline, and dad to their kids, Cameron and Cassidee. Travis came from humble beginnings. Growing up in Lancaster, a small city in Southern California, his first job was door-to-door sales. Soon, Travis realized the value of personal development. Then, he discovered his vision for what true financial freedom looks like and is now working his way to fulfill that vision.

Round Table | Why Women Are Better Than Men At Implementing Infinite Banking

Most people believe that men and women have differences beyond physical abilities and personal interests. They also differ in expressing their feelings and how they view the world. Social and environmental factors also play a significant role in shaping the differences between the two. To explore this topic, our Financial Freedom coaches focus on three comparative qualities between men and women and how these factor into who is better at implementing Infinite Banking. It would not be fair if women were not represented in this conversation. So they invited their Onboarding Specialist, Maddie Lebeter, to give a woman's point of view. You better stay tuned because it sure will be an exciting conversation. --- So do you agree or disagree with these statements? Women connect and men compartmentalize. Women guard. Men gather. Women clarify. Men complicate.

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Becoming a Passive Income Attorney with Seth Bradley

If you were financially free, what would it allow you to do? What would your perfect day look like? Today's guest is someone who grew up believing that the way to earn a higher income was to get a professional job and work in an established firm. However, when he started investing in real estate and educating himself in different investment opportunities, he realized that there are a million different ways to build wealth. Seth Bradley is a real estate entrepreneur who closed billions of dollars in real estate transactions and is an expert at creating passive income while working as a highly paid professional. Let's hear the rest of his story in this week's episode of Wealth Without Wall Street.

Real estate is one of the best ways to start building wealth.

There are many opportunities out there; you just have to find the right one for you.

Don't be afraid to ask for help.

Seth

Seth Bradley is a real estate entrepreneur who builds passive income while working as a highly paid professional. He has closed billions of dollars in real estate transactions as a real estate attorney, investor, and broker. In addition, he is the managing partner of Law Capital Partners, a private equity firm focused on multifamily and opportunistic real estate acquisitions. He’s a former big law attorney and is now the managing partner of his firm, Bradley Law Limited, helping his clients with their real estate and asset protection needs. He’s the host of the Passive Income Attorney Podcast, educating attorneys and other professionals on how to stop trading their time for money so that they can practice when they want to, not because they have to.

Round Table | How to Decide Between Two Paths

When faced with a choice between two paths, how do you decide? What filters or criteria do you use to choose one path over the other? Do you make a final decision quickly or do you allow yourself to be swayed by different opinions? The inability to make a choice is detrimental to your success because indecision is a decision not to move forward. In today's conversation, the coaches talk about their decision-making process and personal experiences. If you are having a hard time making decisions, especially about choosing your path to financial freedom, listen up! One of these scenarios may resonate with you.

--- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.

25% Of The Way To Financial Freedom with Chris Vonderau

Have you started your financial freedom journey? If you're not sure how to start or what tools you’ll need to get going, you've come to the right place! Wealth Without Wall Street has a community that can help you gain clarity and support. Today's guest is Chris Vonderau, an active member of the community and the owner of Mary Lou's Team, RE/MAX Advantage, a real estate planning company based in Alabama. Chris will share how he discovered whole life insurance as a vehicle to finance many things, including college expenses and cars for his three daughters. According to Chris, learning about Infinite Banking is a life-changing move and he’s gone on to teach his family about it. He also recommends reading the book Profit First by Mike Michalowicz to learn more about life and business. Let's hear Chris' story in this episode of Wealth Without Wall Street.

Your Investor DNA will help you decide which business to invest in

It is crucial to join a community that genuinely cares about you

It is a must to have a clear vision of what financial freedom means to you

Chris

Chris Vonderau is the owner of Mary Lou's Team, RE/MAX Advantage, a real estate planning company based in Alabama. A passionate learner, Chris' ultimate goal is to allow his wife to retire from her full-time job and do as she pleases, like spending quality time with the family and playing with their grandchildren.

Round Table | Common Mistakes Business Owners Make Financially

What does it take to become a business owner? Are you qualified to become one? Do thoughts like “I’m not smart enough” or “I don’t have a business degree” keep you from going for it? Well guess what? There are less qualified people who have taken the step to build a business. They just learn as they go. Mistakes happen even to the most experienced business owners, so stop waiting and start that business! In today's conversation, the coaches will talk about the 3 different areas where common mistakes occur and what you can do to prevent them. Being a business owner is both exciting and challenging. There are people who can guide you through. You just need to be willing to take action! They also recommend 3 books that every business owner should read to better understand the entrepreneurial world. --- - The E-Myth Revisited by Michael Gerber - Profit First by Mike Michalowicz - The Entrepreneur Roller Coaster by Darren Hardy

--- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - December 2021

How would you summarize your 2021? Are you happy with what you have accomplished, or do you feel like a failure? Would you have done differently? These are just a few questions that might have come up as the year ended. In today's episode, Russ and Joey take us through the highlights of their financial freedom journey and what plans they have for the future. As they share the lessons they have learned with each undertaking, they hope to inspire more people to take action and start the journey to financial freedom. If you are tired of trading your time for money, this episode is for you.

December 2021 Income At-A-Glance: Gross Income for December: $111,258.30 Total Expenses for December: $60,431.66 Total Net Profit for December: $50,826.64 Difference b/t November & December: $14,048.12 % of net profit to overall gross revenue: 46%

Round Table | Should I Pay Off Loans Before Starting My IBC Journey?

What would you do if you suddenly lucked into a large amount of cash? Would you pay off your debts immediately or invest the money? Would your action change if your goal is to be financially free? There's no straightforward way to answer this question because there are different factors to consider. Many people think that true financial freedom can only be achieved once you have paid off your loans. And while Infinite Banking is becoming popular in the financial circle, many people still haven't fully understood its role in achieving financial freedom. So tune in while our coaches discuss if you should pay off your loans before starting your IBC journey!

--- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Supercharge Your Passive Income with Mark Podolsky

Is 2022 going to be the year when you can finally quit your corporate job and live life according to your terms? Wherever you are in your financial freedom journey, this episode will inspire you to accelerate your financial goals. Tune in as Russ, Joey, and their good friend, The Land Geek Mark Podolsky, talk about supercharging your financial freedom goal. Mark is a former Investment banker living a crazy high-pressure lifestyle in Phoenix. Like many of his colleagues, he liked the idea of investing in real estate. So the next time Mark earned a commission, he went down to a tax sale auction and ended up buying a property with his commission. From then on, he put everything he had into buying land until he was able to quit his job to go into the real estate business full-time. He now teaches others the most current and relevant “real world” land investing methods to help them achieve their financial goals.

What is financial security

Why you need to aim for 200% passive income

The three most important things to consider when building wealth

Mark

Mark Podolsky is the author of Dirt Rich, the ultimate guide to helping you build a passive income. and owner of Frontier Properties, a reputable and successful land investing company. Mark has been buying and selling land full-time since 2001 and has completed over 5,500 land deals with an average ROI of over 300% on cash flips and over 1,000% on the deals he sells with financing terms. His entrepreneurial journey changed Mark’s life in so many positive ways that he decided to teach, coach, and mentor others to help them achieve their financial goals.

Round Table | What is Infinite Banking and Why is it Important in My Financial Freedom Journey?

What is Infinite Banking and how does it work? Will it work for me? What is the first thing I need to do? Why is it important on my journey to financial freedom? Nelson Nash discovered the Infinite Banking Concept in the 1980s and he wrote about it in his book Becoming Your Own Banker. As Infinite Banking gains popularity in the financial world, many people still find it difficult to conceptualize. If you’re trying to understand if Infinite Banking is right for you, this episode will shed light on what you need to know. So, tune in to today's round table as the coaches go back to the basics of Infinite Banking.

--- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Bulletproof Your Assets with Scott Royal Smith

Why do rich people continue to get richer? It's because they think differently and they know how to protect their assets while generating more wealth. The more you accumulate wealth, the more you need proper legal protection. Lawsuits can ruin your business and everything you've worked for. So it is important to have strategies to protect yourself before it's too late. In this episode, Russ and Joey interview an experienced Asset Protection Lawyer Scott Royal Smith, founder of Royal Legal Solutions. Scott talks about how asset protection prevents lawsuits from wiping out your assets. His company crafts customized asset protection plans, from before a case occurs to after a judgment has been concluded.

Why it's better to control assets instead of owning them

What is an LLC, and how does it work

How to protect your assets

Scott

Before establishing Royal Legal Solutions, Scott Smith was an aggressive litigator. He uses a combination of his legal expertise, experience as an investor, and love of helping others grow and protect their businesses to build ironclad asset protection plans for his clients. Clients who employ Scott's strategies tend to stay out of court altogether. His primary expertise is in stopping lawsuits before they even start.

Round Table | A New Years Financial Guide of What to Focus on in 2022

There's a famous quote that says, “If you don't know where you are going, you'll end up someplace else.” As the new year begins, people start planning their goals for 2022. But not everyone will be where they want to be by year-end. It is easy to get distracted. So what can you do to stay focused? In today's round table, the coaches talk about their GPS (Goal, Plan, Support) and how each step is important in helping you reach your financial freedom goals. If you're not sure about the things you need to focus on, check the hierarchy of wealth. Then, take advantage of the resources shared by Russ and Joey to get you moving in the right direction.

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Life is Finite and Money is Infinite with Chris Larsen

Our life experiences have an immense impact on our choices. Great things happen when you choose to learn and act positively from what life throws at you. That’s the story of today’s guest, Chris Larsen, founder and Managing Partner of Next-Level Income. Chris learned how to think like an investor and take calculated risks at an early age. This principle helped him achieve financial success. Chris wrote his book, Next-Level Income, to illustrate that the goal of investing shouldn’t be just about money – it’s more about the search for financial freedom and the freedom that it can provide in your life. There’s so much wisdom in this episode, let’s dive in.

The value of reading books

How to start investing in real estate with little to no money

How to have true financial independence and live life to the fullest

Chris

Chris Larsen is the founder and Managing Partner of Next-Level Income. Since retiring after 18 years in the medical device industry, he has dedicated his time to helping others become financially independent through education and investment opportunities. In addition, Chris has been investing in and managing real estate for over 20 years. While completing his degree in Biomechanical Engineering and MBA in Finance at Virginia Tech, he bought his first single-family rental at age 21. After that, Chris expanded into development, private lending, buying distressed debt and commercial offices, and ultimately syndicating commercial properties. He began syndicating deals in 2016 and has been actively involved in over $500M of real estate acquisitions. In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC, where he loves spending time with them outdoors and enjoying the food and culture that the region offers. — Connect with Chris Larsen: Website - https://www.nextlevelincome.com/

Round Table | Am I on the Right Path to Financial Freedom?

What does financial freedom mean to you? While you’ve probably heard that it means your passive income is greater than your expenses, that does not mean you can live the rest of your life aimlessly because you won’t have to worry about anything. On the contrary, financial freedom means you can pursue a more meaningful life, a lifestyle that fills you with joy. So, where are you on your journey? Are you satisfied with what you have accomplished so far? Why not take a moment to pause and ask yourself, “Am I on the Right Path to Financial Freedom?” Tune in to this episode to hear what our coaches have to say about this question.

--- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - November 2021

It's the season of reflection, thanksgiving, and celebration. So as we wrap up the year, join us as we celebrate our wins of 2021 and set a compelling vision for 2022. Let's aim to live life ON purpose! As part of Russ and Joey’s mission to educate and inspire people to live meaningful lives while working to achieve financial freedom, they continue to share their monthly passive income reports. They started doing this 18 months ago, and now we see how far they have come. While we see a dip in their income for November, a $45K net passive income for one month is still impressive. With the majority of profits coming from the land business and short-term rentals. They also share exciting developments in unique investment opportunities like STACK Candles and possibly ATMs for BTC. So, continue following their journey to get inspiration. Better yet, why not start your own path to financial freedom?

November 2021 Income At-A-Glance: Gross Income for November: $114,702.92 Total Expenses for November: $69, 373.27 Total Net Profit for November: $45,329.65 Difference b/t September & November: ($22,236.99) % of net profit to overall gross revenue: 39.52%

Nelson Nash Family Bank with R. Nelson Nash

Most people rely on traditional banks when it comes to managing their finances. But, have you ever stopped to consider, “What if there’s a better way?” In this episode, Nelson returns to help us ponder how infinite banking provides optimal growth and protection of your family’s wealth. He emphasizes the benefits of having your own family banking system. Plus, how to use your family bank to create a lasting legacy for future generations – a future where your family will never need a traditional bank again. Imagine how that would feel. Once is not enough, so let’s listen up for more valuable life lessons from a sage man, Nelson Nash. --- Book mentioned in this conversation: The 10x Mind Expander by The Strategic Coach Dan Sullivan

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

How to Protect Your Family’s Future with Andrew Howell

How do you ensure your family is protected even after you’re gone? Estate planning is a delicate subject that requires careful planning. To help us understand it better, Russ and Joey bring back Andrew Howell, Co-Founder of the law firm, York Howell & Guymon. Andrew’s practice focuses on estate planning, asset protection, and tax planning. While the conversation revolves around legal matters, they’ve made the discussion fun and easy to understand. --- Listen to the previous episode with Andrew: Episode 86: Throw Out Your Will and Start Over with an Entrusted Plan w/Andrew Howell

Why it's important to protect your assets

Be careful whom you do business with

Don't do anything foolish

Andrew

Andrew Howell is a Co-Founder of the Salt Lake City law firm York Howell & Guymon, one of the fastest-growing law firms in Utah. He holds an AV Preeminent Rating with Martindale-Hubbell and has built a successful practice throughout the United States. Andrew’s practice focuses on ultra-high net worth families and business owners who need help with estate planning, asset protection planning, probate, estate administration, charitable giving, sophisticated business structuring and transactions, and tax planning. He is also the co-author of Entrusted: Building a Legacy That Lasts, which features seven core disciplines of successful wealth transfer of high-net-worth families going back hundreds of years. In addition, Andrew recently finished co-authoring a follow-up book, Riveted: 44 Values That Change the World. When not in the office, Andrew enjoys vacationing in Montana with his beautiful wife, Candice, and their three children, Thomas, Harrison, and Madeline. He is also an avid fly fisherman, hunter, and skier and loves to be outdoors with his family.

The History of the Infinite Banking Concept with R. Nelson Nash

As we approach the end of another unique year, it's good to look back so we can look ahead. In today's episode, Russ and Joey take us back to the origin of the Infinite Banking Concept. This multi-generational wealth-building system can change your life when you understand it. The concept is explained in the book "Becoming Your Own Banker" by R. Nelson Nash, known as The Father of Infinite Banking. The book has sold thousands of copies and helped countless families achieve financial freedom. In addition, Nelson wrote another book, "Building Your Warehouse of Wealth," the best introduction to his worldview, which focuses on the benefits of whole life insurance. R. Nelson Nash is not your typical investment banker or financial analyst. He worked as a forester in North Carolina for several years and spent 30 years flying with the Army National Guard. So how did he uncover the infinite banking system? That's what you are about to hear from the man himself. If you're ready to discover an exciting new financial world, you're going to love this episode.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

The Biggest Lessons Learned from Flipping Over 400 Houses with J Scott

What are your biggest regrets in life? If you had to start over, would you do things differently? Today's guest, J Scott, talks about a costly lesson he learned from his house flipping days and perhaps the biggest regret, all while cashing in thousands of dollars flipping houses. J Scott is an entrepreneur with 25 years of experience in multiple industries and host of The BiggerPockets Business Podcast. He is also the author of four investment books, where he shares a wealth of wisdom gained from over two decades of experience in different business ventures.

The benefits of long-term investments vs. short-term ventures

Three ways to make money in real estate

It’s better to collect equity than to collect material items (that you probably won’t need in the future)

J Scott

J Scott is an entrepreneur with 25-years of experience in the consumer software, electronics, service, and real estate industries. He has worked as Director of Product for several Fortune 500 technology companies and is the founder, partner, and advisor in several organizations. In addition, J Scott is also a multifamily investor, angel investor, and author of four investment books.

Round Table | Why Are You Trying to Put All of Your Income Into a Life Insurance Policy?

If you had 500 million dollars in cash, where would you put it to get the highest return? You wouldn't want to put it in a savings account that earns very little interest, right? That was the dilemma of BILLIONAIRE Michael Saylor. He had a lot of cash, but he could not allow it just to sit around and wait for inflation to eat it up. In today's conversation, the coaches answer the question, “Why are you trying to put all of your income into a life insurance policy?” Going back to the idea behind the book “Becoming Your Own Banker” by Nelson Nash, one of the responses was, “If you own the bank, wouldn't you want to put all your money in it?” In his book, Nelson talks about the use of whole life insurance policies that earn dividends which increases the policy’s cash value over time, and how owning such policies allows an individual to control his cash flow. Follow along in the discussion and let us know what you think.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Financial Freedom is NOT Debt Freedom with Keith Weinhold

If you’ve been listening to our podcast, then you’ve probably heard some of our guests talk about how real estate has turned them from ordinary 9 to 5 people, to earning 7-figures with passive income. They’ve shared multiple ways to start, even when you don't have money for capital. Today's guest shares how to ethically get other people's money to work for you and that you don't have to start HUGE; you just have to start. He started his first investment by buying a fourplex, living in one unit, and renting out the rest. Then continued to multiply what he had. In this week's episode, Russ and Joey interview Keith Weinhold, Founder of Get Rich Education and host of the Get Rich Education podcast. Keith has been an active income property investor since 2002 and a member of Forbes Real Estate Council. In addition, he is the author of 7 Money Myths That Are Killing Your Wealth Potential (Amazon #1 Bestseller).

How to ethically get other people's money to work for you

The big difference between being a real estate investor vs. being a landlord

Learning to let go of tasks that are not serving you and allowing an expert to do it for you

Keith

Keith Weinhold, Founder of Get Rich Education, has been an active income property investor since 2002 and a Forbes Real Estate Council member. He is the author of 7 Money Myths That Are Killing Your Wealth Potential (Amazon #1 Bestseller). Keith also hosts the Get Rich Education podcast. Keith started real estate investing even before he was ready and learned from there. He bought a fourplex, renting out three units while living in the same property. Keith learned how to deal with tenants until he could find a property manager. He then moved on to investing in more properties, and he now teaches wealth-building strategies to others.

Round Table | What Does a Day in the Life of Someone Who is Financially Free Look Like?

Many people trade their time for money, working 60 or more hours a week for a decent paycheck. Others sacrifice money for freedom working fewer hours and making less than they could, to have time for personal pursuits. What if you didn't have to choose between time or money? How would you design your perfect day? There's a way to build a career that allows you to be in control of your time while becoming financially free. So why not take action. Identify what really matters to you and you will start to see ideas for how you might be able to change your typical day for the better. Find inspiration from these very successful financial freedom coaches and how they spend their days.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Building Generational Wealth Through IBC and Multi-Family Real Estate with Larry Murray

Never give up. That has been the driving force for Larry Murray, founder of Ivory Wolf Properties, LLC which specializes in multi-family real estate investments. Before working with Joey Mure, Larry was like most people, working hard and saving every penny he could, but never really getting closer to his goal of financial freedom. He initially had hesitations about IBC because of its link to the insurance policy, until he met with Joey and heard what he had to say. And that became the genesis of his meteoric launch to success. In today’s episode, Larry will walk us through how he learned about IBC and how learning from the Wealth Without Wall Street community led him to become a successful real estate investor. His story is a testimony to the value of taking action and working with mentors to get you closer to financial freedom.

Education is one of the most powerful tools on your path to financial freedom

How IBC can help you finance your investment and huge purchases

How to set an excellent example for your kids and set them up for success

Larry

Larry Murray is the founder of Ivory Wolf Properties, LLC which specializes in multifamily real estate investments. He brings together teams of operators and investors to purchase a multifamily property, improve it and reposition it to generate long-term cash flow while providing quality affordable housing. Along with multifamily real estate investing, Larry is a decorated senior Captain with Montgomery County Fire and Rescue Services in Maryland. He also has experience as a licensed home inspector in Maryland and several years of experience working with contractors doing construction from the ground up, specializing in remodeling kitchens and bathrooms. He is a former Marine and former member of the Air National Guard. Larry is committed to helping other people. With this business, he works hard to help investors create passive income while at the same time providing quality affordable housing for residents in our properties.

Round Table | Is the Way You're Spending Your Time Getting You Closer to or Further From Financial Freedom?

“It’s not about how much time you have. It’s about how effectively you manage your time.” - R.L. Adams Are you paying attention to how you spend your time each day? Is the way you're spending your time getting you closer to or further from financial freedom? Not all tasks and events that demand your attention are equally important, and you can’t do everything, even if you want to. Hence, challenge yourself to prioritize doing the things that will help you achieve your financial goals. To do that, you have to be very clear about your plans. Today’s conversation is an eye-opener. Unlike other resources, we cannot replace time once it’s gone. And often, it’s too late when people realize what they have missed. So, take a closer look at what you do each day and see if those things are moving you closer to your goals.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - October 2021

Having multiple passive income streams allows you the freedom to choose how you want to spend your time. You no longer have to trade your time for money. It has been Russ and Joey’s goal to help others on their journey to financial freedom, which is why they've been sharing their monthly passive income report -- to encourage you to take action and start building your passive income. As they share their investments, they also share the challenges and lessons they’ve learned. If you're considering where to put your money, the biggest and most consistently profitable investment they have made is in the short-term rental economy. Take a look at the rest of their ventures as you enjoy another episode of the monthly passive income report. --- To learn more about land flipping, listen to two previous episodes: Why Land Flipping Is A Viable Option For Building Wealth And Generating Passive Income w/Mark Podolsky: https://www.wealthwithoutwallstreet.com/podcast/why-land-flipping-is-a-viable-option-for-building-wealth-and-generating-passive-income-w-mark-podolsky How to Earn $15K a Month Land Flipping with Sid Christensen: https://www.wealthwithoutwallstreet.com/podcast/how-to-earn-15k-a-month-land-flipping-with-sid-christensen

October 2021 Income At-A-Glance: Gross Income for October: $123,851.59 Total Expenses for October: $56,284.95 Total Net Profit for October: $67,566.64 Difference b/t October & September: $27,196.89 % of net profit to overall gross revenue: 55%

Round Table | How Are You Preparing for an Economic Crash?

With what's been happening for the last two years, the fear of economic collapse is rising. Although no one can predict precisely when the next recession will hit, we can be sure that we will experience an economic crash at some point. The question is, how are you preparing for it? This is the topic of today's conversation, so don’t miss out! You do not want to be left unprepared and unable to provide for your family when a recession happens. Painful as they are, recessions are a natural part of the business and economic cycle. But there are also opportunities waiting for those who are willing to take action. The best way to prepare is by being proactive. Take advantage of the practical takeaways in today’s episode.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Build a Real Estate Empire from Nothing with Roger Blankenship

If you’re listening to this show, then you’ve probably heard that real estate investing is one of the best ways to build wealth. But how can you get started when you don’t have enough money to buy your first properties? And what will you do if you run out of money? Today's guest, Roger Blankenship, will answer these questions and other concerns you may have about pursuing your path to wealth and leaving a lasting legacy. Roger is an author, educator, motivational speaker, business leader, and host of the real estate show “Flipping America.” He has personally flipped more than 2,000 houses. In addition, he has participated in hundreds of other real estate transactions. Roger also teaches the science and art of real estate investing through his mentoring program.

How to “dip your toe” into real estate

How to recover from temporary setbacks and not give in to despair

Determining what impact you'd like to have on other people

Roger

Roger Blankenship is the “Flipping America Guy.” He’s the host of the nationally syndicated real estate show, “Flipping America,” heard coast to coast three times every week with over 1.5 million listeners. He is an author, educator, motivational and inspirational speaker, and business leader. He has personally fixed and flipped more than 2000 houses and has been a part of hundreds more real estate transactions. In 2020, he founded the Flipping America Real Estate Investors Association, which now has 31 local chapters across the country with over 12,000 members. This club holds weekly meetings throughout the year. Roger also founded the Flipping America Academy and Coaching Program, which teaches the science and art of real estate investing. His team buys property in more than 25 states in the US, develops technology products and analytical tools for investors, and conducts extensive market research. Learn more about all this at flippingamerica.net. --- Roger is also teaching the Flip Starter Course in January: https://flippingamerica.net/flip-starter/.

Round Table | What Role Does "Control" Play in the Path to Financial Freedom?

How much control do you have over your finances? Are your daily choices and decisions leading you closer to your goals, or do you feel trapped in a life that you did not choose? Whichever situation you find yourself in, know that you can access the same tools that the wealthy and successful use to build more wealth. Financial freedom looks different for everyone, but one common definition is that true financial freedom means you have control over your finances. Discover the role of control in the path to your financial freedom in today's conversation.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Turn Your Passion Into a 7-Figure Business with Tyler "Sully" Sullivan

Job security is a big lie. This is a harsh reality that some people realize a bit too late in life. You think you're safe because you're a great employee. Think again. This is exactly the rude awakening that Tyler "Sully" Sullivan faced. Tyler is the founder of BombTech Golf, an eCommerce store, and eCom Growers, which is a Platinum Certified Klaviyo Agency. Sully was fired from a job where he was a top performer. Bringing in 200% of the sales for this company didn't matter. He was fired a week before Thanksgiving, while his wife was pregnant with their first child. What happened next is something that you and I can learn so much from. So, let's hear the rest of Sully’s story in this week's episode of Wealth Without Wall Street.

Build a foundation off something you love

How to use available resources to build your brand

How to have conversations with people, validate your offer, and sell your product

Sully

Tyler "Sully" Sullivan is the founder of BombTech Golf, an eCommerce store with over $30 million sold online since 2012. In addition to Bombtech, he also runs eCom Growers, which is a Platinum Certified Klaviyo Agency. Over the years, Sully has come to learn the formula for running successful and profitable eCommerce businesses. He believes the best way to run a profitable business is to have honest conversations with customers and potential customers at scale. As a result, he is hyper-focused on customer experience and operating a lean business that doesn't just drive revenue but drives serious profit and cash flow. While bootstrapping BombTech, he faced the challenge of not having more cash to invest in ads. That is why he mastered email marketing. Most eCommerce store owners don’t know how much they are making from email or earn typically between 10-20%. At BombTech, email marketing brings in over 40% of the revenue. Bottom line, Sully loves eCommerce and loves seeing other eCommerce owners profit wildly.

Round Table | How Clarity Builds Passive Income

“If you don’t know where you’re going, any road will get you there.” This quote from Lewis Carroll is so true, especially when we talk about our life goals. One of today’s coaches gave a similar quote, “Know where you want to go; otherwise, you're not going to get there.” How can you choose the right path, when you don’t know where you are going? Until you can answer that question, you can’t say that one route is better than another. But how do we know for sure? The first step is to gain CLARITY -- know your WHY behind the WHAT. Then, you must envision what is to come and align your actions to achieve your goal. If you need help understanding how clarity can help you reach your financial goals, this episode will provide you with plenty of insight.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Finding Big Opportunity in Your Small Business with Garrick McCarty

"Timing is everything." This quote really resonates with returning guest Garrick McCarty. Garrick first appeared on the show in November 2019 and he’s here today to give us an update on his journey to financial freedom. When Garrick started out he tried multiple paths to build passive income but did not know which one to focus on. He got distracted with every new idea until a mentor told him about the big opportunity he was missing out on. Once it was made clear to him, Garrick went all in and optimized his business operations. His story reminds us how important it is to know your Investor DNA before pursuing your path to financial freedom. This is an episode you definitely don't want to miss! --- Listen to Garrick's previous episode: Episode 110: Unlocking My Mind and My Home Equity w/ Garrick McCarty

How to fail forward

Focusing your energy on the ONE BIG THING

Things to consider when planning your business strategy

Garrick

Garrick McCarty is a long-time listener of the podcast and a returning guest. He is also an IBC practitioner and a close friend of Russ and Joey. Garrick lives in Alabama with his beautiful family.

Round Table | How to Raise Capital to Get to Financial Freedom as Fast as Possible

Is it possible to participate in money-making ventures if you don't have the capital to begin with? You know the old saying, it takes money to make money? In this week's round table, you’ll learn a few different ways you can raise the capital to finance your ventures. It's a critical skill to learn, and it helps accelerate your journey to financial freedom. Once you learn how to raise capital, opportunities begin to present themselves all around you. A very important thing to remember is always to create a win-win-win scenario, whether you are using other people's money or you're the one investing in someone else's deal.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - September 2021

It's been over a year since Russ and Joey started sharing their monthly passive income report. From $3500 a month to their current earnings, we can see that they have come a long way. There were ventures that weren’t so successful, but the short-term rental and land business continue to bring in a huge chunk of their monthly income. Although this month's income is lower compared to August, earning $40,000 in passive income is still very motivating. What's more exciting about this month's report is the entry of Cousin Eddie the RV. So let's jump into the details of the September 2021 Passive Income Report and get more inspiration to start our own financial freedom journey. September 2021 Income At-A-Glance: Gross Income for September: $100,001.21 Total Expenses for September: $59,631.96 Total Net Profit for September: $40,369.75 Difference b/t September & August: ($28,186.24) % of net profit to overall gross revenue: 40%

Sign Up for the Short-Term Rental Mastermind Class: A 6-month MasterMind with End-to-End instruction for setting up your 1st Short-Term Rental and all the systems needed to grow it to 30+ units. https://www.wealthwithoutwallstreet.com/str-mastermind

Round Table | Do You Know What Your Investor DNA is?

How far off are you from reaching financial freedom? Do you have a clear plan on how to achieve it? No matter what stage you are in, it’s always good to be aware of the resources that are available to help you accelerate your journey. Our Financial Freedom Coaches are making the Investor DNA information accessible, so you can evaluate your personality vs. the type of investments that are best for you. This tool is a real game-changer. Find out how knowing your Investor DNA can impact your investment decisions and empower you as you pursue your path to financial freedom.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Finding Financial Freedom in Real Estate with Gary Boomershine

Real estate investing is arguably one of the best ways to build wealth. In this episode, we will hear the story of Gary Boomershine, CEO of RealEstateInvestor.com, the ultimate resource, and community for active real estate investors and agents. Gary has achieved the kind of financial success that allows him and his family to design their own lives and build a legacy for future generations. It takes great discipline and a conscious effort to achieve financial freedom. In Gary’s case, he makes sure his family is involved and thriving within the family economy. This is a truly inspiring conversation, so make sure you take note of these bits of wisdom. Here's one from Gary: If you're passionate and uniquely gifted, amazing blessings will come. --- Grab Your Free Copy The Freedom Code and other gifts: Text 9253200575 and type the words Without Wall Street

How to be creative in using the resources and talents that you have

How to move forward in the face of uncertainty

How to be a good role model for your kids

Gary

Gary Boomershine is the CEO of RealEstateInvestor.com, the ultimate resource, and community for active real estate investors and agents. He has 25 years of real estate experience, earning his real estate license at the age of 18. Gary came from an entrepreneurial family and he's teaching his kids to have the same mindset. By achieving financial freedom, they can choose to live life on their own terms. --- Learn how to think like a banker/lender, how to build a business that works for you, and the power of leverage: Visit - https://realestateinvestor.com/gary-gifts/

Round Table | Case Study: How Our Coach Mark Haruguchi Bought 48 ATMs and Why

Have you ever wondered what it might be like to have your own Automated Teller Machine (ATM)? Very few people know that the ATM business can be profitable. The opportunity for investment in this asset class can provide strong cash flow returns. It's a great source of passive income through depreciation. No wonder Coach Mark Haruguchi invested in not just one but 48 ATMs. But like every investment, you have to make sure you understand what the business is all about. First, you have to understand your Investor DNA to know what type of investments will work best for you. Listen to today’s round table to find out if the ATM business model is for you.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Earn $15K a Month Land Flipping with Sid Christensen

How would you like to take a vacation anytime you want without having to worry about rushing back because you have to go to work? What would you do if you had more free time and money to spend? Sounds like a dream, right? That's exactly what financial freedom is -- having the freedom to choose what you want to do because you enjoy doing it. Today's guest, Sid Christensen, is back on the show with his wife, Shalese. Together they share their journey to financial freedom. One of their biggest wins is that Shalese was able to leave her job as a nurse to spend more quality time with their two kids. Tune in to this episode to find out how you, too, can start your quest for a better life. --- Listen to Sid's previous episode: Episode 131: Taking Action Through Passive Income Streams W/ Sid Christensen: https://www.wealthwithoutwallstreet.com/podcast/taking-action-with-passive-income-streams-w-sid-christensen

Take the first step and continue moving forward

If you don't succeed at first, make sure to learn from your mistakes

Financial freedom is a goal that is best shared with your family

Sid

Sid’s goal has always been simple -- to provide a comfortable life for his family. While pursuing various interests and working a full-time job, he started his financial freedom journey by learning from mistakes made in investing. Soon after, he gained clarity on what financial freedom looked like and chose a passive income path that worked best for his needs. Venturing into land flipping, he immediately saw positive results, which allowed his wife, Shalese, to resign from her nursing job. Sid then established HCL HOLDINGS LLC, a family-owned land investing business that takes pride in finding the best properties for its buyers. Now they earn $15,000 a month in passive income, all while spending more quality time with their kids.

Round Table | Should I Pay Off My House to be Financially Free?

The concept of financial freedom may not be the same for everyone, and being debt-free does not necessarily mean you’re financially free. So, if you're thinking about whether or not to pay off your house mortgage quickly, you should know exactly what it is you want to achieve. You will own your house, but you’ll still need cash for your daily expenses. Perhaps the biggest reason to pay off your house quickly is to avoid the high cost of interest. Plus, no one should live with a hefty pile of debt. However, while it may make you feel good to pay off your house mortgage quickly, you might be missing out on other wealth-building opportunities like doing arbitrage or using leverage to increase your returns. This topic is what the coaches will discuss in today’s episode, so let’s hear their perspectives.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Convert Equity Into Cash with Matthew Sullivan

How do you get access to cash without incurring more debt? In today’s episode, we discover a new financial tool outside of IBC. It’s not a loan or reverse mortgage. Instead, it allows homeowners to turn their equity into cash with no interest and no monthly payments. Matthew Sullivan is the CEO and Founder of QuantmRE, a company that solves a real problem for homeowners by helping them access a portion of their home equity without taking on more debt. Matthew and his team have helped over a hundred homeowners use their home equity to pay off expensive credit cards, remodel their homes, pay college tuition fees, or diversify into other investments, all without taking on extra debt. Listen to this episode to find out how this system can benefit you.

How home equity agreement works

A new financial tool for both homeowners and investors

How to access cash without incurring additional debt

Matt

Matthew Sullivan is the CEO and Founder of QuantmRE, a company that solves a real problem for homeowners by helping them access a portion of their home equity without taking on more debt. He has a proven track record in real estate innovation through his experiences as Co-Founder of the Secured Real Estate Income Strategies Fund and as President and Founder of Crowdventure.com, a real estate crowdfunding company. Originally from London, Matthew worked with Richard Branson’s corporate finance team and was a director of the Virgin-sponsored London Air Ambulance. He is a helicopter pilot and also hosts his own podcast, “Hooked On Startups.”

Round Table | What Does The Cash Flow Quadrant Teach Us About Taxes?

Have you heard about Robert Kiyosaki’s The CASHFLOW Quadrant? It describes the four types of people according to how they earn money and pay taxes. The four quadrants are labeled E (Employee), S (Self-Employed), B (Business Owner), and I (Investor). E and S are on the left quadrants. They are those who trade their time for money. B and I are on the right side of the quadrant. They earn passive income and are financially independent. In terms of taxes, employees pay the highest percentage. The more money you make as an employee, the higher your tax bracket, and you have very few options to reduce your income through deductions. A lot of people are in this quadrant. Is this the quadrant you want to continue to be in? People on the right side of the quadrant have more flexibility with their time, money, and the taxes they pay. Find out how taxation works in today’s round table, and think about how you can move from being an employee to a business owner or an investor.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - August 2021

We’re down to the last stretch of 2021. So what do you wish to accomplish before the start of the new year? If you’re ready to begin your journey to financial freedom, listening to the monthly passive income report is a great place to start. As you hear about the challenges and opportunities in each venture, you might discover which investment opportunities are right for you. There are also inspiring stories from The Land Geek Bootcamp and some cool updates from Russ and Joey in today’s episode. So let’s jump right into the August 2021 Passive Income Report.

August 2021 Income At-A-Glance: Gross Income for August: $126,397.85 Total Expenses for August: $57,841.86 Total Net Profit for August: $68,555.99 Difference b/t August & July: $2,789.18 % of net profit to overall gross revenue: 54% --- Take advantage of a Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecall

Round Table | How Did We Start Over 20 Short Term Rentals in Under One Year

With the popularity of Airbnb and Vrbo, comes the opportunity for more people to become real estate investors. While the risks are high, the benefits of passive income are worth it. The most challenging part of the process is the initial setup. Afterward, you can outsource some aspects of the business, like dealing with guests, cleaning, and maintenance. You can also hire a property manager to do the work for you. Once you’ve got your processes in place, it's easy to sit back, relax and enjoy the fruits of your labor. Once you have a stable income from your first rental unit, finding your next 5 or even 10 units in most urban areas is very doable. There are creative ways to acquire properties, especially when you know how to use IBC to your advantage. Ready to look into the lucrative world of short-term rentals? Let’s learn from the individual experiences of our coaches in today’s conversation.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Why Return OF Your Investment is More Important Than Return ON Your Investment with Steve Libman

How do you choose investment opportunities? What do you look for when entering into an investment deal? There are many things to consider when investing, one of which is making sure that you invest in something you understand and are passionate about. Today's episode brings back Steve Libman, a managing partner of Integrity Holdings Group, host of the Free From Wall Street podcast, and a member of the Forbes NY business council. Steve first appeared on the show back in July 2019 to talk about investing in self-storage facilities. Now, he will share how he shifted his focus to a different asset class as he learned more about his Investor DNA. So tune in and learn how to find the right investment opportunity that will give you the best chance of success. --- Listen to Steve's previous episode: Episode 95: How to Become Recession-Resistant by Investing in Self-Storage Real Estate w/Steven Libman: https://www.wealthwithoutwallstreet.com/podcast/how-to-invest-in-the-self-storage-real-estate-space-w-steven-libman

Three critical factors to consider when managing other people's money

Things to look out for when evaluating investment opportunities

How to do a SWOT (Strengths, Weaknesses, Threats, Opportunities) analysis

Steve

Steve Libman is a managing partner of Integrity Holdings Group, a real estate investment company involved in sourcing and executing value-add commercial opportunities. Integrity Holdings Group and its numerous partnerships connect and deploy capital into fixed, steady, asset-secured returns that create predictable cash flow. Integrity Holdings Group and its partners currently own and operate over 2k units valued at 150MM in assets. Steve is also the host of the Free From Wall Street podcast and a member of the Forbes NY business council.

Round Table | What 4 Things Are Required To Build Passive Income?

If you're currently earning an active income but have dreams of a more comfortable and happier life, you may benefit from building a passive income. But how do you start? What are the things required to build passive income? Is it money? After all, it takes money to make money. How about time, education, experience, or opportunity? Get the answers in today's round table with the Financial Freedom Coaches and gain creative ideas to start building passive income from these experts who have successfully done it over the years.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How I Bought My First Cabin in the Mountains Using IBC with Matthew Hammond

Pandemic, one of the words that defined 2020 and has changed our lives in different ways. It has led to surprising discoveries and realizations for many of us, just like what happened with today's guest, an Inner Circle member, Matthew Hammond. Because his paycheck was made up of mostly sales commissions, he had to think of a backup plan when the pandemic hit. Matthew learned about IBC when a friend introduced him to the Wealth Without Wall Street podcast and asked him to read Becoming Your Own Banker. He then joined the community, watched IBC 101 videos with his wife, and listened to more podcast episodes until he heard Episode 138: How to create the value that you want to be paid for through short-term rental W/ Avery Carl. That episode sparked his interest in short-term rentals. Buckle up and listen to the rest of Matthew's story in today's episode.

Always invest in yourself

Planning financial goals is better as a couple

Being in the right community helps you grow

Matthew

Matthew Hammond is a high-level executive with transactional experience across a broad range of sectors, including industrial manufacturing. He is a Wealth Without Wall Street Community member and is currently building his STR portfolio, starting off with a cabin in the mountains. With his positive outlook in life, support from his loving wife and 15-year old son, and guidance from the community, there's no doubt he will achieve financial freedom sooner than he imagined.

Round Table | Why Can I Not Put More Money into My Infinite Banking System?

Do you remember having a piggy bank when you were a kid? You would get excited as the money accumulated until you could no longer stuff more cash inside. The amount of money you could store in it was limited to how big your piggy bank was. So you’d have to buy another piggy bank. That’s basically the way life insurance works. The type of policy you have will determine the way your cash value accumulates over time. There are specific policies that allow you to put extra money into the system to increase your cash value. But keep in mind that there are limits to the amount of cash value you can accumulate in relation to your death benefit. For example, if you overfund your system, it might be deemed an investment, losing its tax advantages. Today’s conversation is a must-listen if you’re serious about leveraging your Infinite Banking System to achieve financial freedom.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Build a 7-Figure STR Business in 12 Months with Clint Lovette

Over the last few months Russ and Joey have shared their Monthly Passive Income reports, and we’ve seen that their short-term rental business contributes a large chunk to their income. Today they interview Clint Lovette, a professional remodeler who operates their STR business. Compared to other sectors of the travel and hospitality industry, the short-term rental (STR) market has prospered in the middle of the pandemic. The demand for small city and rural destinations multiplied in 2020 and 2021. People are choosing to stay in short-term rental homes instead of hotels. People are not returning to traditional offices, and many companies will allow people to work remotely for an extended period. With the growing trend of flexible working, we can expect massive growth for the STR industry. So, it's a good time to invest in this business. If you'd like to get the roadmap to building a 7-figure STR, tune in to this episode and check out the link below.

Why short-term rental is an excellent investment opportunity

Challenges and wins when running your STR business

STR outlook for the coming years

Clint

Clint Lovette is a professional remodeler who takes remodeling to the next level. Since getting into the remodeling business nearly 15 years ago, Lovette has continually refined his business strategy around his clients’ needs: meeting expectations and maintaining transparent communication. Doing so has helped his business thrive. --- Get in touch with Clint inside the STR Student Group: wealthwithoutwallstreet.com/str

Round Table | Where Does Disability Insurance Fall into the Financial Freedom Formula?

What happens when your income stops but your expenses don’t? If you are relying solely on your paycheck, that can be a scary scenario. When you get sick or injured and cannot work, you don't want to worry about how you'll pay your bills. Your Disability Insurance can help replace a portion of your paycheck, but will that be enough to sustain you and your family? Being unable to work doesn't have to hurt your finances. But that’s only the case if you have passive income streams or you have achieved financial freedom. Tune in to today’s conversation to learn more about the role of disability insurance in the financial freedom equation. You’ll also hear the coaches share what gets them off track and what they do when that happens.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. --- Join here: https://wwws.link/inner-circle-sign-up

Building a Legacy of Wealth Using IBC with David Karcher

What legacy are you leaving for the next generation? How would you like to be remembered? As parents, you definitely want to ensure that your children have a successful future and live a great life. David Karcher has the same goal, and he will share how he's building his legacy of wealth using the Infinite Banking System in today's episode. David is no stranger to the world of finance, having worked in a traditional bank and being an expert in Reverse Mortgages. Learning about the Infinite Banking System opened more doors for him to create passive income streams. His story proves that the journey to financial freedom is possible for anyone willing to take action.

How to use the Infinite Banking System to teach your family about making sound financial decisions and building generational wealth

How to make your money work for you, so you don't have to trade your time for money

Reduce your financial stress by making sure you always have access to cash

David

David Karcher is an expert in Reverse Mortgages and well-versed in the world of finance. He heard about the concept of Becoming Your Own Banker from Nelson Nash a long time ago, but he only learned how to use it for the last three years while working closely with Russ and Joey inside the WWWS Community. Since then, he is continuously on the lookout for more opportunities to build wealth for his family. --- If you're ready to take action, hop on a free 15-minute call with one of our coaches to discuss how our proven, 3-step path to financial freedom might be the perfect fit for you: https://www.wealthwithoutwallstreet.com/freecall

Round Table | Rich Dad Poor Dad For Teens Part Three

“The people you spend your time with are your future.” That’s one of the takeaways from Robert Kiyosaki’s book. Today Russ and Joey have their teen daughters back on the show to conclude the review of Rich Dad Poor Dad for Teens. Part 3 is all about “Creating Your Own Cash Flow,” which includes money-making opportunities for teens, managing assets using piggy banks, good and bad debts, and having a financial head start. Overall, the book provides valuable financial lessons for young people, which will be very useful as they graduate from college, and go out into the real world. So stay tuned to hear lessons straight from these four girls who are lucky to have parents determined to give them a strong financial foundation and help them think bigger at a young age.

About the Teens: Alexandria (Xan) Morgan, 15, and Cate Morgan, 13, are the daughters of Russ Morgan, an Authorized Infinite Banking Practitioner in Vestavia Hills, Alabama. Annie Mure, 15, and Lily Kate Mure, 13, are the daughters of Joey Mure, Chief Financial Coach and an Authorized Infinite Banking Practitioner in Birmingham, Alabama. These teens are fortunate to have parents who teach them financial literacy at a young age giving them better chances of success in life. If you want to catch up on Part One and Part Two, check the episodes below: Episode 185: Rich Dad Poor Dad for Teens Part Two - https://www.wealthwithoutwallstreet.com/podcast/rich-dad-poor-dad-for-teens-part-two Episode 166: Rich Dad Poor Dad for Teens Part One - https://www.wealthwithoutwallstreet.com/podcast/rich-dad-poor-dad-for-teens

Our Passive Income Report - July 2021

It's that time again, Russ and Joey are going to share their passive income report and give us an update on what's been happening with their business ventures. The aim, of course, is to remind everyone that financial freedom is a destination that we can reach way before retirement. An adjustment in last month's report resulted in a higher net profit of $49,385.25 vs. the original $43,526.42. That's almost a $6,000 positive adjustment! And July’s numbers are also something to be proud of. Short-term real estate investments still bring in the highest income at 49.6% of the total. Tune in for the full report, plus insights on what's working well, what can be improved, and how you can accelerate your journey to financial freedom.

July 2021 Income At-A-Glance: Gross Income for July: $126,562.94 Total Expenses for July: $60,796.13 Total Net Profit for July: $65,766.81 Difference b/t July & June: $16,381.56 % of net profit to overall gross revenue: 52%

Round Table | Tax Deductible Expenses and Financial Conversations with Your Kids

How many of us like to talk about taxes? Like it or not, paying taxes is a responsibility that every entrepreneur must tackle if they wish to live peacefully without the dreaded knock from the IRS. But did you know that there are legitimate ways to lower your tax liability? By identifying your expenses correctly, knowing your tax code, and keeping detailed accounts, you can find perfectly acceptable ways to keep your taxes low. Saving on taxes means more money left for you. And while you're doing your taxes and making financial decisions, why not involve your kids in the conversation? Just make sure to explain things in a way that they can understand. If you want to learn more creative ways to save on taxes legally without being labeled as a tax evader, tune in to this conversation today.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Being An Employee, But On My Own Terms with Josh Messmer

Have you ever heard the saying “Be a goat, not a sheep”? Today's guest uses this analogy to describe himself. Coming from an engineering background, Josh Messmer turned to real estate investing to pursue passive income opportunities. He also works as a county administrator and does not mind being an employee, as long as he has the freedom to engage in other worthy passions. Josh learned about IBC and financial freedom inside the WWWS community. He takes his financial education seriously. He has read Robert Kiyosaki’s book and Nelson Nash’s Becoming Your Own Banker. He quickly grew his real estate venture from his first deal, combining IBC and seller financing to purchase properties. His story will inspire you that the journey to financial freedom is possible for anyone willing to learn and take that first step.

Having the right mindset is crucial to your success

Debt can be a tool to purchase assets that produce cash flow

Choosing the right business partner and mentor gives you more courage to pursue your dreams

Josh

Josh Messmer turned to real estate investing to pursue passive income opportunities. Starting with his first deal, he quickly grew his assets within five years. He also works as a county administrator and does not mind being an employee, as long as he has the freedom to engage in other worthy passions. Josh learned about IBC and financial freedom inside the WWWS community. He takes his financial education seriously and has read Robert Kiyosaki’s book and Nelson Nash’s Becoming Your Own Banker.

Round Table | Can I Project When I Will Become Financially Free?

What does it mean to be financially free? A simple definition is that you have achieved financial freedom when your income is higher than your expenses. In reality, financial freedom means something different to everyone. The answer to this question will depend on several variables, such as your personal circumstances, your relationship with money, and how you view wealth. So the next question is, can you project when you will become financially free? Today’s conversation will take you through this journey. For more information, check out the insights and resources mentioned below.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Build Your Real Estate Business Using Other People's Money with Matt Faircloth

How can you quit your day job to pursue your passion? Walking away from your job is like breaking up with a partner. Some people even refer to it as firing your boss. You can either feel terrible about it or really excited to be moving on. If you're in this situation, there's a lot you can learn from today's episode with Matt Faircloth. Matt is the Founder and CEO of DeRosa Group and author of Raising Private Capital: Build your Real Estate Empire with Other People's Money, an Amazon Best Seller. His expertise is in raising capital to fund real estate investments. Tune in as Matt shares three different ways you can let go of your job and become a successful entrepreneur. This could be the sign you've been waiting for.

There's never a perfect time to walk away from your day job, but you do have to know how much money you need for your daily expenses

You can't prepare for everything that could go wrong -- you just have to learn as you go

A simple idea to raise capital for your real estate business (or any business you plan to pursue)

Matt

Matt Faircloth is the Founder and CEO of DeRosa Group. This company offers several ways to help new and existing real estate investors learn, grow, and expand their knowledge and experience. Matt has been a full-time investor for 16 years and has now completed over $40,000,000 in real estate transactions and controls over 800 units in multi-family. He is a regular contributor and podcast guest on Bigger Pockets.com, has an active YouTube Channel dedicated to educating investors, and is the author of the Amazon Best Seller, Raising Private Capital: Build your Real Estate Empire with Other People's Money.

Round Table | How to Talk with Your CPA About IBC

If you've been listening to this podcast, you should know by now that IBC is not just a concept but a cash flow system. It’s one of the best money management tools, once you learn how to use it. But, unfortunately, most people look only at the features of the product, without considering the ways to use it to its full potential. If you're someone who has been enjoying the benefits of IBC, is your CPA aware of it? In today's round table, our coaches will share personal insights on how you should talk to your CPA about IBC or if you should talk about it at all. Tune in to see where this conversation will take us and learn how to get your CPA onboard.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

What You Need to Know About Mobile Home Investing with Kevin Bupp

When was the last time you took a trip that changed the direction of your life? Today's guest, Kevin Bupp, host of The Real Estate Investing for Cash Flow Podcast and the Mobile Home Park Podcast, has an exciting story to share. Kevin was a 19-year old bartender when he met a man who took him on a 3-day trip and showed him the path to making money via real estate. That man became his mentor and good friend. Today, Kevin leads the strategic vision of Sunrise Capital Investors (SCI). As host of two top-ranked real estate investing podcasts, his real estate investment advice has been downloaded millions of times by listeners in over 190 countries. While he has gained expertise in the different types of real estate investing, he now focuses on mobile home park investments. And he shares why in today's episode. So tune in to learn more about his journey from tending bars to making millions of dollars with real estate.

Having a great mentor early in life will steer you in the right direction

Passion is a critical factor in becoming successful

Why investing in mobile homes is an excellent wealth-building strategy

Kevin

Kevin started his entrepreneurial journey when he was 12, later moving on to a far more profitable endeavor: buying, selling, and installing automobile electronics out of his parent’s garage at the age of 14. Today he leads the strategic vision of Sunrise Capital Investors (SCI) and hosts two top-ranked real estate investing podcasts. His real estate investment advice has been downloaded millions of times by folks in over 190 countries. With over $150 million of real estate transactions under his belt, Kevin’s extensive investment experience spans the gamut of apartment buildings, single-family homes, office buildings, parking facilities, raw land, condos, and mobile home parks. Listen to Kevin's Top-Rated Podcast: https://www.kevinbupp.com/podcast/

Round Table | How to Think About IBC – as a Person Over 55

Do you find yourself wondering if it's too late for you to start using the infinite banking concept? Unless you no longer need to spend money, you’re never too old to start. IBC is one of the best cash flow management tools and helps you to have more control over your funds. But wait, isn't the cost of whole life insurance for an older person so expensive that thinking about IBC at this point would not be practical? How do you think Nelson Nash, the author of Becoming Your Own Banker, answered the same question? Am I too old to start this? Nelson was 52 years old when he discovered this concept, while buried in debt and looking for a solution to solve his problem. Today's round table will explore the different perspectives and answers to that question and why it isn’t a bad thing to consider IBC when you're over 55.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - June 2021

What kind of investor are you? Where do you usually put your money? When you invest, you expect your money to grow. However, things don't always go the way we hope. Higher expenses and a few wrong turns can bring your profit down. What most people see are the results. But a lot of things can happen behind the scenes in an investor’s life, especially someone with diverse investments. That's what Russ and Joey have been sharing each month since making their Passive Income Report open to the public. Take a peek at the June Passive Income Report to get a glimpse of what goes on with each of their investments and see if there are some ideas you might like to explore. You can also check the resources below.

June 2021 Income At-A-Glance: Gross Income for June: $100,089.77 Total Expenses for June: $56,563.35 Total Net Profit for June: $43,526.42 Difference b/t June & May: -$12,703.07 % of net profit to overall gross revenue: 43%

Round Table | How to Think About IBC – as a Single, Young Adult

Who do you turn to for financial advice? Financial education is important at any age, and parents should start discussing money matters with their kids at home. However, that seldom happens. So young adults usually have a hard time making financial decisions when adjusting to life in the “real world.” In your 20s, you’re probably not earning a lot of money, living on your own, and paying bills and student loans. Saving money might not be your priority at this time. Ten years later, you might be starting to raise a family, considering buying a home, or already paying a mortgage. How you manage your money significantly differs with each stage in your life. Like most working people, are you looking forward to that day when you can enjoy your retirement? But wouldn't you rather enjoy life right now instead of waiting until you reach old age? Tune in to this episode and discover a way to stop trading time for money.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Design the Life of Your Dreams with Steve Cavanaugh

How do you measure success? Many people pursue financial wealth, thinking that it will reward them with everything they desire. But money is not always the answer. What we should aim for is to become more than just a success by the world's standards. "More than a millionaire, what we really want is to become a Lifeonaire." Today’s guest is someone who lives life on vacation while operating his Maryland businesses remotely from Palm Beach, FL. Tune in to hear the story of Steve Cavanaugh, a real estate investor who has sold over 80 Million Dollars’ worth of property. Together with Alex Pardo, Steve co-founded a mastermind and coaching group called Ascend.

It is possible to design the life you want to live

Living a fulfilling life means helping others and nurturing relationships

Having a vision is crucial for living your dream lifestyle

Steve

Steve Cavanaugh has been investing in real estate since 2003. He owns Southern Maryland Home Buyers Inc. He successfully ran a mentoring program and investment consulting business through which he and his student partners sold more than $80MM+ in real estate projects over the past 15 years. His students enjoyed a near 100% success rate. As a result, several of Steve’s students quit their full-time jobs to pursue a full-time REI career. In 2019, Steve and his good friend, REI podcaster Alex Pardo, formed a unique hybrid coaching/mastermind group called ASCEND, an exclusive community of like-minded successful investors and entrepreneurs. Since its inception, ASCEND members have been able to partner on profitable deals while forming life-long friendships.

Round Table | How to Choose a Life Insurance Company and Agent When Starting to Become Your Own Banker

When pursuing financial freedom, you must expand your knowledge about opportunities to grow your wealth. But how do you do it the right way? How do you know if an agent or financial advisor has the skills and abilities to teach you how to improve your financial situation? How can you tell a real expert from a fraud? Here are a few steps you can take: - The first step is clarity. What exactly do you want to achieve? You have to be clear about your desired outcome before you can decide whether or not someone fits your criteria. - Next, research potential candidates. Are you looking for a regular insurance agent or a financial coach who understands how to use IBC as a financial system? - Check your prospective coach's website or social media profiles to learn more about their background. See if that person's life emulates the goals you want to achieve and the values you hold. You want someone respectable and trustworthy. With enough research and due diligence, you should be able to find the best coach for you. For more insights, tune in to this round table and hear from reliable coaches whose passion is to teach people how to achieve wealth without trading time for money. You might not have to look far to find the right advisor!

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Becoming Your Own Banker in 30 Minutes | BYOB Book Review 18

What is one book that has positively impacted your life? Ask this question and you'll get many different answers. It's incredible how one book can change your perspective on life. One such book is Becoming Your Own Banker (BYOB) by Nelson Nash. Through this book, Nelson explains the Infinite Banking Concept (IBC) in the most effective way possible, getting his point across with humor and clarity. If you've been following this podcast, you know that Russ and Joey have been doing the BYOB book review for some time now. In today's episode, they complete the review with a 7-point summary.

Strive to make the money work for you, instead of trading your valuable time

Aim to earn passion income instead of retirement income

Put your money in your OWN bank

BYOB is not just your ordinary book. It's one of those books that can radically transform your future once you fully understand and apply its teaching. So tune in to absorb the nuggets of wisdom in the book. Better yet, get your copy of the book so you can read it whenever you want.

Round Table | How I Bought Infinite Banking Policies on Business Partners and Key People to Maximize Return on Investment

Robert Kiyosaki's The Cashflow Quadrant presents a table divided into four areas. E and S quadrants are on the left side, and B and I quadrants on the right. Those in the B quadrant are business owners who own a system or a product that makes money even when they aren't working, thus creating passive income. When you run your own business, it's important to consider having insurance coverage as part of your business investment. If you have business partners, insurance coverage provides some safety net if one of the business partners suffers a serious illness, becomes permanently disabled, or passes away. It enables your business to continue operating should the worst happen. Find out more about the benefits of buying Infinite Banking Policies on your business partners and key people in today's discussion.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

A Perfect Partnership: How Leila and Alex Hormozi Scaled Gym Launch from Zero to $50 Million in 20 Months

What does it take to go from zero to 850% growth in less than two years? A lot of hard work! But that's not all. You have to be willing to move forward through failure until you find the right business model, the proper systems and processes, and most importantly, the perfect business partner. Today's episode features power couple Leila and Alex Hormozi of Gym Launch, a multi-million-dollar business with over 100 full-time employees. While Alex is the brainchild of flooding gyms with new members and systematically increasing revenue, Leila is an operational wizard. Together they have built a business that has revolutionized an industry and given hope and freedom to thousands of local small business owners. There's a lot you can learn from their story. So listen up. This is an episode you don't want to miss!

How visualizing the worst-case scenario can push you to take action

Failure is not your enemy

The best way to learn something is to work with mentors

Alex and Leila

Alex and Leila are co-owners of Gym Launch and a few other businesses. After selling his chain of 6 gyms in 2016, Alex set out to help as many fellow gym owners as possible. Alex had figured out what most highly profitable businesses know; you need processes and systems. Everything from generating leads to retaining members needs to be distilled into a system that any staff member can replicate. Alex wrote Gym Launch Secrets: The Step-By-Step Guide To Building A Massively Profitable Gym. Gym Launch took the industry by storm. Since its inception in 2016, Gym Launch has experienced exponential growth - An 850% jump in 2017 and another 525% boom in 2018. Now Gym Launch is a $30 million a year business with over 100 full-time employees. The clients of Gym Launch have grossed $1 Billion in sales using the processes and systems Alex teaches. Even more impressive, the average revenue for a client of Gym Launch has reached an astounding $594k with 40+ new 7 figure gyms. The continued success of Gym Launch has put the couple in a position to give back to local communities by contributing $200,000 thus far and pledging an additional $2.7 million to After School All Stars.

Round Table | Wealth Without Wall Street Coaches Discuss Passive Income Ideas and Implementation

Are you excited about the possibility of becoming financially free one day? Have you explored any of the opportunities shared by WWWS guests and community members? Having passive income streams can be a game-changer. From preparing for your children's college education or buying their first car, planning that dream vacation, or building up your retirement fund, adding passive income streams to your regular earnings can help you accelerate your financial goals in remarkable ways. For example, getting started with real estate can accelerate your income and help you achieve financial freedom sooner. In today’s episode, the coaches share how they started with that first idea and how they pushed forward despite the challenges. So if you want to start building your passive income stream, here's what you can do: Pick an idea according to your Investor DNA, make a plan, and keep your focus until that income stream takes shape. For more inspiration, listen to this podcast, then check out the following resources: Join the WWWS Community and take the Investor DNA Quiz: https://www.wealthwithoutwallstreet.com/community Access the FREE Financial Scorecard: https://www.wealthwithoutwallstreet.com/scorecard

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

The Value of Mentors with Gabrielle and Thomas Caucutt

When there's something you want to learn fast, what do you do? There's nothing wrong with trying to master something on your own. However, time is a valuable resource. So if you want to learn something faster, the best thing to do is work with a mentor. Welcome to another inspiring story from our Wealth Without Wall Street Community with members Gabrielle and Thomas Caucutt. This couple will share their journey to financial freedom starting from how they bought their first property, learning more about real estate investing and IBC with the help of IBC mentors, and the big reason why they want to achieve financial freedom.

Finding your WHY and making sure its something bigger than you

Why you should teach your kids that money matters

How you can achieve more by working with a mentor

Gabrielle and Thomas

About Our Guests: Gabrielle and Thomas Caucutt are a couple who are raising six boys. They were both teachers before becoming real estate investors. At first, Gabrielle and Thomas did it on their own, until they learned about IBC inside the Wealth Without Wall Street Community and worked with Russ Morgan. Since then, they have made multiple real estate investments. The best part of their journey is that they are able to spend more time with their kids, teaching them about financial matters, and having the financial capability to help those who are in need.

Round Table | How We've Used Our Infinite Banking System to Go From Investing in Small Deals to Big Deals

Many people dream of having investments that bring in huge returns. But how do you get to that place if you don't even know where to start? Countless investors started with small deals, then moved to bigger ones after gaining more confidence. In today's round table, the IBC coaches will share how they started taking action, beginning with that first small deal, and how they use the Infinite Banking System to finance their investments. There are two things they can't stress enough: First, you have to invest in yourself. Get a coach and join a community of like-minded people to help you. Second, you need access to cash to invest. That's where the Infinite Banking System comes in. Once you grasp how financial tools function, you can start making your money work to secure your future. Get more inspiration when you tune in to this conversation.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - May 2021

If there's a way to earn money without working, people can spend more time with their families and pursuing their passions. Unfortunately, most people have to work to earn. But there are systems you can follow to build passive income streams. First, you need to have access to cash, then invest in businesses aligned to your interests. You can learn more about this by taking the Investor DNA quiz. Russ and Joey have also been sharing their monthly passive income report to get you excited about building your wealth. Aside from walking through the numbers, they also discuss the decisions they have to go through with each investment opportunity. Always remember, the first investment you should make is in yourself. Tune in for more information on how you can achieve financial freedom sooner. -- May 2021 Income At-A-Glance: Gross Income for May: $102,589.11 Total Expenses & Fees for May: $46,359.62 Total Net Profit for May: $56,229.49 Difference b/t May & April: $1,941.66 % of net profit to overall gross revenue: 55%

Round Table | How to Teach People You Know About Becoming Your Own Banker

When you're excited to share your experience with people you know, how do you do it? Do you ramble on and on until they get bored? Perhaps you're using jargon or sharing technical stuff they don't understand, so they eventually tune out. What about using stories and transformation? Which techniques are best? With conscious effort, anyone can enhance their ability to motivate others to embrace a particular concept, process, or system like Becoming Your Own Banker. In today's round table, the IBC coaches will discuss how they share their knowledge and experience with people around them. Of course, you cannot effectively teach something you do not fully understand or believe in. Because the IBC coaches live a financially good life, this allows them to relate with people who want to learn how to achieve their own financial goals. Tune in to get more insight on this topic. --

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Why You Should Consider Wholesale Real Estate with Jamil Damji

“Begin With the End in Mind” means to move forward with a clear vision of your desired destination. You will hear more about this in today’s episode with Jamil Damji. He’s back to continue his story from wholesaling houses to building KeyGlee, a National Franchise with over 100+ employees in 180 US markets. Jamil has undoubtedly come a long way, and we can all learn so much from his view on what it really means to achieve financial freedom without getting stuck in the hamster wheel.

How to bounce back from setbacks

What you can learn from wholesaling real estate

Why it’s important to know your end goal and where you want to see yourself in the future

Jamil

Jamil Damji has been in real estate since 2002. Since then, he has mastered the art of Wholesaling Real Estate. He successfully built KeyGlee, a National Franchise with over 100+ employees, spanning 180 US markets. Jamil also runs a mentorship called Astro Flipping where he mentors and educates hundreds of entrepreneurs on how they can be successful in their own Wholesaling business. Jamil is also the co-host of the fastest growing podcast on Wholesale Real Estate called “Wholesale Hotline.” Additionally, he started his podcast called “To the Moon” where he highlights student success. Above all things listed about Jamil, his mission in life is to impact as many lives as possible and share the knowledge he has with those who desire to learn. --- You can listen to Jamal’s previous interview here: Episode 107: How I Learned to Wholesale 100 Homes a Month w/ Jamil Damji

Round Table | How Our Coaches “Manage” Their Personal System of Infinite Banking Policies

If you've been following this podcast, you’ve heard all about the Infinite Banking Concept. Have you given it a try, or are you still trying to wrap your head around it? Perhaps the strongest selling point of IBC is the access to money. You can borrow against the actual cash value of your life insurance to pay for an emergency, a child’s college education, or a new car. But the best use of IBC is creating streams of income. In today's episode, you'll hear the coaches talk about this financial system and their experience with IBC. If you want to learn more about this system, here's your chance to listen to people who practice what they teach. Don't miss it! --

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Living the Monopoly Dream Tal Simpson

In the past few episodes, you've heard stories from Wealth Without Wall Street Community members regarding their journey to financial freedom with the help of IBC. Today, we have a third-time guest, Tal Simpson, sharing how it has been since the last time he was on the show. He's happy to say that he finally quit working as a corporate lawyer to dedicate his time to real estate investing. He also successfully followed the 3-step process that the IBC coaches advocate for -- clarity, taking control of your money to create passive income streams, and investing in yourself. Stay tuned to know more about Tals' exciting story. The next narrative could be yours.

Invest in yourself, take action, and learn by doing

Understanding how to structure deals allows you to make the most of your money

Get in a community of people who are ahead of you, for support and further learning

Tal

Tal Simpson is a father to 3 daughters. Originally from Austin, he made a 6-year stop in Atlanta and finally settled in Birmingham for the long haul. He's a recovering corporate lawyer, and when he's not with the family or walking through dumpy vacant houses, he enjoys yelling at the TV during Texas football games.

Round Table | The 7 Cures for a Lean Purse - Richest Man in Babylon Throwback

Financial education is not one of the subjects you learn in school. But there's a ton of books you can read about the topic. The Richest Man in Babylon is a good start. It’s a classic read. and can be referred to as “the Bible of financial freedom.” The book teaches straightforward lessons about wealth-building that are applicable throughout history. It has a theme that is very similar to what the IBC coaches teach. -- Tune in to the discussion and learn how you can apply these “7 cures” in your own life: Start thy purse to fattening Control thy expenditures Make thy gold multiply Guard thy treasures against loss Make of thy dwelling a profitable investment Ensure a future income Increase thy ability to earn

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

From Delivering Beer to Flipping Land with Adam Egloff

Most people don’t start out as entrepreneurs. They choose to work for someone else to gain experience. Then they quit their jobs, maybe because they don’t like the idea of having a boss or because they’ve come up with their own business idea. For other employee-turned-entrepreneurs, the job is frustrating and entrepreneurship serves as a valuable alternative. Today's guest started his business while working full-time as a beer delivery guy and raising a family. It wasn't easy. He had to wake up 2 hours earlier every day for the last three years before he could finally quit his job and focus on being a business owner. Here’s an inspiring story from Wealth Without Wall Street Community member Adam Egloff and his experience using IBC as a tool for his land flipping business and other financial undertakings.

Why clarity and your end goal is the most critical factor when making big decisions

How flipping land can be an excellent opportunity to achieve financial freedom

The sacrifices you make today could determine the future of your family

Adam

Adam Egloff worked as a beer delivery driver. While working full-time, he managed to buy a Jimmy John's franchise. Adam learned about IBC inside the Wealth Without Wall Street Community while looking for more ideas to achieve financial freedom. He recently quit his job and is now focusing on being an entrepreneur and real estate investor.

Round Table | Man in the Mirror: Busting Retirement Myths

When it comes to saving for retirement, most people rely on 401k and IRA. Also, most retirees think if they withdraw only 4% of their retirement money each year, they'll have enough to last a lifetime. But, that's not true in many cases. If you want to live confidently, both today and well into the future, you may have to reevaluate your financial plan. Figuring out the best retirement plan and withdrawal strategy involves many considerations like your current finances, future income, and life goals. Your plan may also change as your circumstances change. Also, why wait until you reach retirement age to enjoy the money you've been saving up when there's a way to do that today? If you want to learn how to make better financial decisions to secure your future, this episode is for you.

-- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - April 2021

How do you define financial freedom? For most people, it could mean having lots of money. On a holistic level, financial freedom is more than just accumulating money and being financially stable. Setting clear goals on what is important to you and your family will help to guide you in making sound financial decisions. For Russ and Joey, part of their goal is to have passive income that exceeds their monthly expenses and to teach others how to do the same. Tune in to another episode where they discuss the outcome of their revenue streams for April. They don’t just go over the numbers; they also break down the events that shaped their financial decisions.

--- April 2021 Income At-A-Glance: Gross Income for April: $101,071.52 Total Expenses & Fees for April: $42,836.89 Total Net Profit for April: $58,234,63 Difference b/t April & March: $15,241.46 % of net profit to overall gross revenue: 58%

Round Table | COVID Related Disaster Relief Act and Sunsetting June 2021

Over the last year, millions of American workers have experienced financial uncertainty caused by the sudden and unexpected loss of employment. So, where can someone access needed cash after exhausting stimulus checks and unemployment benefits? Congress responded through the CARES Act. Now you can withdraw up to $100,000 from your 401(k) and IRAs without the 10% penalty. The question is: Should you do it, and what can you do with the money? It's a limited-time offer, so make sure you act before time runs out. Tune in for another educational talk that could guide you on the path to wise financial decisions. --

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Find Out How IBC Can Help You Achieve Financial Freedom with Jake Jernigan

Getting your financial life in order is a goal that you should be doing early in life. But how exactly should you do that? Investing in 401k may be the default choice for you, but think again. Is there a better way to achieve time and financial freedom?. Tune in to hear the story of another Wealth Without Wall Street Community member Jake Jernigan and his experience with using IBC as a tool to achieve financial freedom.

Why access to your money is the most important factor when choosing an investment

How a real estate investment can be an excellent opportunity to grow your money

What are the benefits of investing in life insurance vs. traditional plans

Jake

Jake Jernigan grew up in a simple home. Now a father of two, Jake wants to give his family the best life possible without trading his time for money. He learned about IBC inside Wealth Without Wall Street Community enabling him to get guidance on how to achieve financial freedom. Jake participates in real estate syndication via 232invest, an investment company that buys properties that are currently cash flowing with the possibility for forced appreciation through repositioning. This is a unique deal structure that allows the company to create a healthy return on investment for its investors and partners while benefiting tenants, employees, the company and the community.

Round Table | Case Study: Funding My Child's Life

“Will I have enough money to provide for my kids?” -- This is a scary thought for most parents. Raising children is a huge responsibility. A child's college education is probably the biggest worry of any parent. If you think schooling is expensive now, imagine how much you'll be spending by the time your child reaches college. Unfortunately, default plans like 529 or 401k are not exactly the best solutions. If there’s one thing you can do to secure your child’s future, get a life insurance policy. It’s a valuable investment designed to help fulfill life goals, like your child's education, wedding, and even capital for their first business venture. Tune in to today’s episode for more ideas on funding your child's life. Resources: The Path to Financial Freedom The Richest Man in Babylon --

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How a College Student Earned 10k a Month Flipping Land with Kevin Su

The “broke college student” stereotype is part of most cultures. With the high cost of college education, many graduates end up paying student loans for years. We've also heard countless tales of college students working odd jobs that pay pennies just to have spending money. But not everyone fits this stereotype, as we can see from today’s guest. Just because you’re a college student, doesn’t mean you have to be broke. Tune in to this interview with Wealth Without Wall Street Community member Kevin Su and find out how he started flipping houses with absolutely no experience while in college. His entrepreneurial mindset led him to join the community where he got immersed in the Infinite Banking Concept. Hear the rest of his story in today's episode.

You don't have to be a real estate expert to start a house flip

Cash flow projection and predictability should be on top of your priorities

Establishing the right systems and processes can accelerate your success

Kevin

Kevin Su is a member of the Wealth Without Wall Street Community. He started his financial education while in college doing house flipping without any experience. Kevin pursued his interest in wealth creation by joining WWWS Community, where he learned more about the Infinite Banking Concept. These two books profoundly influenced Kevin’s journey to financial freedom: Dirt Rich by The Land Geek, Mark Podolsky, and Becoming Your Own Banker by Nelson Nash.

Round Table | Can I Insure My Own Automobile and Home?

Insurance is designed to protect your assets and wealth. But the premiums paid to insurance companies can be very high. Why not just self-insure to save money? Meaning you would pay for emergency needs out of your own pocket in the event of an accident, injury, or unexpected loss. But what are the odds of running into an emergency? Stay tuned as the IBC coaches tackle this delicate situation. The intent is to guide you through the creative ways of managing your money to make it grow. Know the pros and cons of self-insuring your car and house so you can decide what would be best for you. . --

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Invest in Real Estate Using Owner Financing with Mitch Stephen

We’ve been hearing how real estate investing can be lucrative. But how do you start buying properties and making profitable deals? In today’s episode, Russ and Joey bring back Mitch Stephen, a veteran real estate investor and a true cowboy living on a huge ranch. Mitch has mastered the art of raising private money and the classic “Nothing Down” deal. Stay tuned and learn how you can dip your toes in real estate investing via owner financing. You don’t need to have lots of money to start, you just need to be willing to do whatever it takes to build your dream one house at a time.

How does owner financing work

Find a strategy that you love and make it work for you

It’s not about you and your money; it’s about the deals

Mitch Stephen has been a real estate investor for 25+ years, starting at the age of 23 when he read “Nothing Down” by Robert Allen. Together with his wife, Tommi, and his daughter, Shannon, Mitch built wealth by purchasing very affordable homes, selling them for double the cost, and owner-financing the sale by creating a note to their buyer. Today he specializes in owner financing properties to individuals left behind by traditional lending institutions. He has perfected a method of achieving cash flow without having to be a landlord and without having to rehab properties. He’s mastered the art of raising private money and the classic “Nothing Down” deal. Mitch is a passionate speaker who delivers the message of integrity first and profits second. He offers Online Education, Group Coaching, and Full-on Mentorships as it relates to all the aspects of Owner Financing. Connect with Mitch: Website: https://1000houses.com YouTube: 1000houses.com/youtube

Round Table | Why Would I Pay Back My Loan Quicker Than Planned?

Are you in need of cash for business ventures, purchase of large equipment, or property investment? If you’ve been following this show, you know that using the Infinite Banking Concept (IBC) is a better option to getting readily available funds, and you can return the money whenever you decide. So should you pay back the loan earlier than planned? Tune in to another informative discussion about the scenarios you may want to consider when determining what to do with your money. Listen as the IBC coaches present their insights to guide you in making better financial decisions. --

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - March 2021

If you’ve been following this podcast, here’s another episode where Russ and Joey discuss their passive income for the month. They also talk about what went well, and what they could have done better. Being open about their business ventures allow them to inspire everyone that it’s possible to have multiple streams of income without trading time for money. Through the effective use of financial systems, particularly IBC, they have accumulated different forms of investment over the years. Their advice for you and me: If you’re ready to start that journey to financial freedom, pick one venture and go all in until you succeed. And when you do, go on and explore more investment opportunities. Check out the resources if you want to learn more. March 2021 Income At-A-Glance: Gross Income for March: $84,854.11 Total Expenses for March: $41,860.94 Total Net Profit for March: $42,993.17 Difference b/t March & Feb: $15,763.26 % of net profit to overall gross revenue: 51%

Resources: Get valuable content and courses including the Investor DNA: https://www.wealthwithoutwallstreet.com/community Join the STR Mastermind: https://www.wealthwithoutwallstreet.com/strmastermind Learn more about Real Estate Investing from The Land Geek: Mark Podolsky: https://www.thelandgeek.com

Round Table | Is There a Right Time to Use the Bank vs. IBC?

You’ve heard it discussed here several times: Whole life insurance is a liquid asset. It can act as an emergency fund; whether you run into unforeseen medical bills, costly home repairs, or need cash for large purchases, policy loans offer peace of mind. But why get a bank loan when using the Infinite Banking Concept (IBC) is a better option? The answer lies in the different scenarios we are in, coupled with the unique perspectives we have. Tune in to today’s round table as the IBC coaches talk about situations where someone might need to choose between going to a bank or getting a policy loan. Being clear about your options can profoundly influence the decisions you have to make. --

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Using Financial Systems to Start Businesses with Justin Harris

Did you know that a whole life policy is an extremely liquid asset? Today’s episode brings more proof that the Infinite Banking Concept (IBC) can improve your cash flow. You don’t need to go through the hoops of a traditional financial institution to borrow money to fund business acquisitions. Simply request a loan against your whole life policy and you can immediately access the funds. Join Russ and Joey as they interview Justin Harris, the COO of Wealth Without Wall Street. Successful entrepreneurs never stop looking for an opportunity to provide value. That’s where Justin comes in, he educates people on how to spot multiple opportunities in the market, particularly in the e-commerce space, while exponentially growing his own businesses. Join the Wealth Without Wall Street Community to get access to Justin’s course and other wealth-building resources.

How to use one asset to fund another asset

Tapping into profitable business opportunities

Justin’s S-C-O-P-E strategy to 10X your business

Justin

Justin Harris works in Operations & Strategic Consulting at Wealth Without Wall Street. He has a Bachelor of Science in Education from Samford University. Justin co-founded and was the COO of two companies, Fireseeds and Wildsparq. Since then, he started Congruence, a business operations consulting company. Outside of work, Justin loves working out, watching his kids play sports, and growing his e-commerce businesses. Justin currently owns two candle and fragrance brands, Stack Candles and Walter & Rosie. His goal for the next three years is to replace his current active income with passive income. His life motto is “Focus equals growth.” Justin is also a huge Georgia fan: Go Dawgs! --- Connect with Justin: Stack Candles: https://www.stackcandles.com Walter & Rosie: https://www.walterandrosie.com

Round Table | Long Term Rentals and Cash Value

So you want to invest in real estate but don’t have the cash to purchase properties? Did you know that your policy offers an immediate source of funds without any complications? Unlike other financing options, you can pretty much dictate the repayment terms because it's your policy, and you control it. Plus, a loan against your policy will not impact your credit score. Sounds good, right? Today’s round table will show you how using the Infinite Banking Concept (IBC) as part of a real estate wealth-building strategy is an excellent way to grow your money. Tune in and explore ideas that can enhance your ability as a real estate investor to maximize opportunities. Experience a new level of freedom and success that you never thought possible. --

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

The 401k Lake House Part Two

How do you define wealth? Would you consider yourself wealthy? It’s important to think about your definition of wealth so you can set a clear goal. In today’s episode, Russ reminds us of his lake house story, what it meant for him and his family, why he ended up selling it, and what he got in return. This story shows yet another way to build wealth while enjoying time with your family. By sharing their stories and experiences, Russ and Joey hope to teach listeners to think differently about money and explore creative ways to build wealth while enjoying the benefits that their money can bring right now. --- To better appreciate the discussion, check the real estate analysis below: https://drive.google.com/open?id=1fG68jgxQhvDqvn1kebucl2SbIM8qBACs https://drive.google.com/open?id=1Vsa9AH9YMM5xFwazKZkXcSFv_TozJp1d --- In addition, please listen to The 401k vs. The 401 La(k)e House Part One.

What being wealthy really is -- it's not just about money!

Enjoying your money now instead of waiting until you retire

Calculating tax benefits

Round Table | Financial Golden Rule

Do you believe that “those who have the gold make the rules?” There’s definitely some truth to it, especially in today’s economy where the people who have lots of money can pretty much do anything they want. That is if they have control of their money. But how many people are in that position? It’s a sad reality that people have given away the control of their money to institutions that dictate the rules. It’s not surprising that 4 out of 10 Americans do not have the funds to cover a $400-emergency. Today’s discussion digs deeper into this topic and how the Infinite Banking Concept (IBC) allows you to take control of your money. Remember the golden rule, be responsible and use your financial education to find new ways to build your wealth to the point where you can make your own rules. --

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

A Thoughtful Approach to Buying Properties with Jeff Stephens

How do you start investing in real estate or buying your own house? Where do you find properties that are off the market? This episode will give you the answers and provide great insights on real estate investing. Tune in and learn from today’s guest Jeff Stephens, a real estate entrepreneur and host of the Racking Up Rentals podcast. Find out how relationship-building and sophistication can get you the best deals. Plus, you get to understand how to leverage seller financing in real estate.

Creative approach to dealing with motivated sellers

What’s so great about seller financing

The art of asking the right questions

Jeff

Jeff Stephens is the Founder of The Thoughtful Real Estate Entrepreneur and host of the podcast “Racking Up Rentals.”Jeff is a full-time real estate entrepreneur and real estate investing mentor, coach, and podcaster. Jeff’s focus—both as a real estate entrepreneur and a coach to others—is on growing a rental portfolio that builds long-term wealth through the timeless fundamentals of relationship and negotiation directly with the seller.

Round Table | Why Would I Pay Interest On My Own Money?

We’ve been talking about how the Infinite Banking Concept (IBC) allows you to take control of your money and the creative ways you can make your money work for you. But why do you have to pay interest on the money that you borrow against your policy? Why do you even have to pay back the loan? It is your money anyway, right? In reality, you can choose not to pay back your policy loan and interest in a set period as required if you had borrowed money from banks. But what happens if you don’t? Find out the ins and outs of borrowing against your life insurance policy in today’s round table with our IBC coaches.

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Build A 6-Figure E-Commerce Business with Daniel Espy

How have you been spending your quarantine days? Today’s guest used his time wisely and launched a 6-figure e-commerce business using IBC for funding. Learn how Daniel Espy, a member of the IBC Inner Circle, discovered the potential of Amazon’s market to help create a passive income stream for him and how you can do the same. If you’re wondering how much you can make selling products on Amazon and want to explore this opportunity, tune in to this episode. You might be the next highly profitable Amazon seller this year. To learn more about the program that helped Daniel launch his Amazon brand, go to https://www.asin360.com/bamm.

How to find profitable products to sell

Why you should invest in advertising

Teaching your kids how to succeed in business

Daniel

Daniel Espy is a full-time volunteer pastor with a Master’s Degree in Theology. He discovered Amazon selling while looking for an additional income stream and listening to a Wealth Without Wall Street podcast episode. Daniel ventured into Amazon sales with his family working with him all the way. With guidance from Amazon FBA experts, Daniel’s business now generates thousands of dollars in sales.

Round Table | Using IBC to Manage Cash Flow with Sharran Srivatsaa

Are you looking forward to that day where you can live life on your terms? How badly do you want it, and what are you doing to get to that point? Tune in to get ideas on how you can start building surplus cash and generating wealth. This episode is Part 2 of a two-part series where Sharran Srivatsaa, host of the Business School Podcast, interviews Russ and Joey about the Infinite Banking Concept (IBC) as a tool to gain financial freedom. Learn how to have readily accessible funds that you can use for capital or buying a new car, and understand what it means to “becoming your own banker.” Get the Free Financial Scorecard: https://www.wealthwithoutwallstreet.com/community-offer/sharran-srivatsaa

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - February 2021

Today we're going to share how our businesses performed in February 2021. We love doing this so you can see how we're putting our money to work. Being open about the challenges we go through and the successes we celebrate every month allows us to provide you with support and education. Join us and take every opportunity you can to learn how to start your journey to financial freedom. --- February 2021 Income At-A-Glance: Gross Income for February: $70,245 Total Expenses for February: $43,000 Total Net Profit for February: $27,245 Difference b/t Feb & Jan: -$15,755 % of net profit to overall gross revenue: 39%

Resources: Download the Free Financial ScoreCard: https://www.wealthwithoutwallstreet.com/scorecard Get valuable content and courses: https://www.wealthwithoutwallstreet.com/community Join the STR Mastermind: https://www.wealthwithoutwallstreet.com/strmastermind The Land Geek: Mark Podolsky: https://www.thelandgeek.com

Round Table | Short-Term Rentals + Cash Value vs. Long-Term Rentals

Today’s episode is another discussion on the practical application of the Infinite Banking Concept (IBC) to generate wealth. IBC is not the actual means to achieve financial freedom. Instead, it is the tool that gives you the flexibility and control of your money and what you do with the money that moves you to reaching your financial goal. Listen as our IBC Coaches talk about leveraging IBC and putting your money at work via short-term rentals. To learn more about the short-term rental business, join the STR Mastermind here: https://www.wealthwithoutwallstreet.com/strmastermind. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.

How to Raise Twins Through REI and IBC with Jamie O’ Brien

If you had a life-changing event that compels you to stay at home or pushes you to find another income stream, what would you do? How do you envision the process of sorting out your finances, priorities, and actions? These are some of the questions that will be discussed in today’s episode with Jamie O’Brien, a member of the IBC Inner Circle. Jamie has a full-time job as a Medical Device Sales professional and a Real Estate Investor. He discovered the Infinite Banking Concept (IBC) and worked with Joey to learn about the potentials of IBC to gain wealth. Stay tuned and learn more about the things you can do with IBC and why it’s important to move forward even if you have failed several times over.

Why it’s essential to have a mentor and a business partner

How to use IBC to finance your business

Learning from your failures and taking action

Jamie

“The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will. – Vince Lombardi” Jamie O’Brien lives and invests in the Birmingham, Alabama market. He is a Medical Device Sales professional and Real Estate Investor. When Jamie and his wife, Blair, found out they were having twins, Jamie knew he had to do something other than relying on his W2 to provide the life he wanted for his family. In the last 4 years, Jamie has successfully invested in 7 Tax Certificates, bought and flipped 8 houses including 1 Turnkey Rental flip, and built his rental portfolio to 11 doors. At heart, Jamie is a rehabber who loves forced appreciation and bringing homes back to life. This journey led him to discover the Infinite Banking Concept and began working with Joey to change the trajectory of his family’s future. Through IBC, Jamie has been able to access cash to invest in an apartment partnership and several private lending opportunities. Jamie just funded his 4th policy and couldn’t be more excited to teach his daughters the power of financial education as they grow. Jamie enjoys spending time with his family, the great outdoors, college football, and struggling to break 100 in golf in his spare time.

IBC Sounds Interesting But What if I’m Uninsurable? | BYOB Book Review 17

“The line of insurability” is a concept known in the life insurance industry. It’s that point in time when you cannot qualify for an insurance policy, perhaps due to a diagnosis that significantly impacts your life expectancy or reasons related to health, lifestyle, or travel. So what can you do if you become uninsurable? It can be frustrating, but it may not be the end of your options. In today’s episode, Russ and Joey talk about this scenario while continuing their book review on Becoming Your Own Banker (BYOB) by Nelson Nash. BYOB is not just your ordinary book. It’s that sort of artifact that can radically transform your future. It could be one of the most important books you should add to your reading list to help shift your mindset. Through this book, Nelson explains the Infinite Banking Concept (IBC) in the most effective way possible, getting his point across with a dose of humor and immense clarity.

What is insurable interest?

How to implement IBC even when you’re uninsurable

Why education is vital in achieving financial freedom

Round Table | Practical Case Study Paying Down Debt with IBC

Why do so many people struggle with debt? Are you one of them? If you’re wondering what’s the right approach to getting out of debt, realize that the first thing that needs to happen is to have a “behavior shift” so you can stop getting into that cycle of being in and out of bad debts. Evaluate your financial condition and know which of your debts are efficient and inefficient. It’s time to get creative, discover other ideas, and find a practical way to get out of debt. Listen as our IBC Coaches talk about how to use the Infinite Banking Concept (IBC) to pay down your debts, use debt to your advantage, and accelerate your speed to get to financial freedom.

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. -- Join here: https://wwws.link/inner-circle-sign-up

Round Table | 401k vs. IBC

Are you working hard in building up your retirement fund so you can live a comfortable life when you retire? Who invented this concept anyway? Why can’t you have more freedom today instead of deferring it? These are the questions that our hosts and IBC coaches will discuss in today’s highly debatable topic about retirement and how you should prepare for it. Listen up as they provide analogies and opinions on why you should save yourself from relying on volatile, market-dependent 401k accounts. Find out how you can explore a better tool called the Infinite Banking Concept (IBC), so you can take control of your financial life and live well starting today. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Rich Dad Poor Dad for Teens Part Two

How important is it to teach children about the value of money? At what age should children learn financial literacy? Today’s episode brings back Russ Morgan and Joey Mure’s daughters for Part Two of lessons learned from Robert Kiyosaki’s book Rich Dad Poor Dad. If you missed Part One, check out Episode 166. Whether you’re a parent to young children or someone who wants to reevaluate your relationship with money, you will get a ton of value as you listen to this conversation. Hear the refreshing perspective of four teens around how they view money, finding opportunities, why you should work to learn and not to earn, and most importantly, how to win in the game of achieving financial freedom.

The differences between the Rich Mindset vs. the Poor Mindset

Why you need to understand how money works

How playing games can help you gain financial knowledge

Alexandria, Cate, Annie and Lily Kate

Alexandria (Xan) Morgan, 15, and Cate Morgan, 13, are the daughters of Russ Morgan, an Authorized Infinite Banking Practitioner in Vestavia Hills, Alabama. Annie Mure, 14, and Lily Kate Mure, 12, are the daughters of Joey Mure, Chief Financial Coach and an Authorized Infinite Banking Practitioner in Birmingham, Alabama. These teens are fortunate to have parents who teach them financial literacy at a young age, paving the way for them to have success in life.

Round Table | How Do You Know When to Start a New Policy?

How much money are you putting into your insurance policy? Are you ready to get another one? When you utilize the Infinite Banking Concept (IBC) using whole life insurance, your insurance policy’s primary purpose is not the death benefit but the living benefits or the many options you will have to grow your wealth. Today’s episode revolves around frameworks to guide you on when to start a new policy and when you should hold off. There isn’t a one-size-fits-all answer. The decision largely depends upon how you intend to use the tool and requires clear financial goals. To learn more about the Infinite Banking Concept, get R. Nelson Nash’s book Becoming Your Own Banker. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - January 2021

Today’s another episode where Russ and Joey go through their monthly passive-income report, sharing exactly what they’re doing to create multiple streams of income, walking us through exciting things that happened and issues that need to be addressed. Be inspired, take action, and carve your path to financial freedom. January 2021 Income At-A-Glance: Gross Income for January: $82,000 Total Expenses for January: $39,000 Total Net Profit for January: $43,000 Difference b/t January & December: +$30,400 % of net profit to overall gross revenue: 52% Resources: - Watch How My Daughter Will Buy Her First Car via Infinite Banking and Short Term Rentals: https://www.youtube.com/watch?v=S9LABs0y8zo - Join the WWWS Community and take the Investor DNA Course: https://www.wealthwithoutwallstreet.com/community - Learn more about Real Estate Investing from The Land Geek: Mark Podolsky: https://www.thelandgeek.com

Round Table | What the Heck is EVA and How Does it Apply to IBC?

What do you know about EVA (Economic Value Added), and why should you evaluate it? Get ready to listen and take notes as our IBC coaches talk about a concept that only a few people understand. You will hear references to Nelson Nash’s Becoming Your Own Banker, a book that thoroughly explains IBC (Infinite Banking Concept). After listening to this episode, you will have a clearer understanding of the real value of money and why IBC is an excellent investment vehicle for you. If you understand what’s happening with your money, you will know what you have to do. “Opportunity cost is the biggest expense that you never got a bill for.” - Joey Mure -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Hurricane-Proofing Your Business: House Flipping with Ricardo Rosales

Everyone goes through challenges and makes mistakes in life. Learning from those lessons and pushing through makes all the difference in how your life will turn out. Listen to the interesting story of Ricardo Rosales, host of The Truth Behind Success Podcast and Real Estate Entrepreneurs Podcast, as he takes us through his entrepreneurial journey, stumbling through obstacles, losing millions in the aftermath of Hurricane Harvey, weeding through the chaos, and rising up from setbacks.

Flipping vs. Wholesaling

The Four Steps to Financial Freedom

Why you need to diversify your business

Ricardo

Ricardo was born in Atlanta, Georgia but grew up in Venezuela. He has lived different lives starting from being an office boy in his father’s business to joining the US Navy then moving on to work in a job that allowed him to travel the world. While sitting on the couch one day, Ricardo watched a tv show called Flip This House which got him interested in real estate. After a few months, he bought his first investment property which led him to many more real estate ventures, experiencing the ups and downs, surviving through Hurricane Harvey, and becoming the accomplished person he is now. Ricardo aims to help many achieve their goals in life, be a part of their success while taking his own life to the next level.

Round Table | How to Use IBC to Finance Your Business

In his book, The Cashflow Quadrant, Robert Kiyosaki talks about a diagram with four quadrants. On the left side are E (Employee) and S (Self-Employed) and on the right side are B (Business Owner) and I (Investor). You can be in all quadrants at some point. The goal is to progress through the quadrants and move on the right side, becoming a business owner and an investor. As a business owner, you need capital for expenses like purchasing equipment to get your business running. When you invest money, you want to make sure you are in full control and can access your money anytime. In today’s episode, our coaches talk about how IBC gives you the ability to use your investment in financing your business. Stay tuned and learn more practical ways to leverage IBC as an entrepreneur and an investor. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Earn $800 A Month Per Bedroom on Short-Term Rentals with Jon Bell and Julian Sage

Are you looking for ways to turn your extra space into an income stream? How do you manage a rental business? Should you take it on yourself or hire someone to oversee it for you? Hear the answers from short-term rental experts Jon Bell and Julian Sage, hosts of the Vacation Rental Machine Podcast. This amazing duo is on a mission to help Airbnb hosts to create systems to automate their Airbnb business, allowing them to have more time and better cash flow. Learn the short-term rental business’s dos and don'ts and achieve financial freedom even when you do not own any property.

Building a partnership model that works

The benefits of establishing systems to manage short-term rentals

How to handle the challenges of managing your rental business

Jon and Julian

Jon Bell is a short-term rental host who scaled up to 24 properties in 18 months, bringing in $45,000 a month without even owning any of the properties he’s renting out. He spends four hours a week on his business with only one part-time assistant while working a regular day job as an IT guy. Julian Sage is a military man turned Airbnb Superhost who now teaches “rentalpreneurs” how to overcome the challenges of starting an Airbnb business and scale their short term rental business through his podcast Short Term Rental Success Stories.

Round Table | Loan vs. Withdrawal

If you need extra funds and have an insurance policy, would you withdraw from your policy or write a loan against it? Is it better to just borrow money from the bank? How can you utilize the benefits of a loan from a policy vs. taking a conventional loan? Can a loan go bad? How do you decide which way to go? Tune in to hear insights from our coaches as they go through the Infinite Banking Concept (IBC) framework so you can get clarity and make better decisions. Take a loan or withdraw? Remember, you should always be in control of your finances instead of being controlled by financial institutions. Find out how you can do this and more as you listen to today’s episode. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Are You Thinking About Your Thinking with Marc Pelletz

What would you do if you woke up one day on the side of the road, broke and homeless? How do you get up? Who do you turn to? Today, Russ and Joey talk to a man who amassed wealth at a young age, lost everything and then made a firm decision to take uncomfortable steps to pull himself back up. Marc Pelletz is the author of Think Like A Real Estate Investor and a real estate expert who teaches people how focusing your thoughts to be positive and having a strong faith in God makes the difference in living a good life. While it may sound aspirational, Marc urges everyone to bring love to everything we do and make the world a better place. Listen up and be inspired by Marc’s story.

What to do when you lose everything and hit rock bottom

Why it’s important to believe in yourself, set a SMART goal, and take action

How to take control of your thoughts to take control of your life

Marc

Marc Pelletz has been involved in real estate for almost four decades. Having been through several real estate cycles, he knows how to be successful no matter where the market is at that moment. Marc has been inspired and motivated by many real estate experts and masters of motivational philosophy over the years, which has helped transform all areas of his life. In the last 10 years, he established and grew a real estate company accumulating over 200 rental properties and flipping over 1,000 properties valued at over 300 million dollars. He consistently earns a seven-figure income while having more time for the things that truly matter -- his family, vacation, and self-improvement. ---

Round Table | How Does Congress's New Tax Laws Impact Life Insurance Policies?

Section 7702 of the U.S. Internal Revenue Code defines what a life insurance policy is for taxation purposes. It was originally written in the 1980s, and an amendment was signed last December 2020. What exactly changed? Is this good news? Would this result in lower interest rates and more pricing flexibility? What does this mean for you? If you want to know more about what's going on, listen to this episode as our IBC (Infinite Banking Concept) coaches provide insights into how the new tax laws impact the insurance industry and what this means for those who are into infinite banking. While there are still many uncertainties, today’s discussion will provide you with good information to help you make better decisions as you take control of your finances. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Our Passive Income Report - December 2020

How’s your 2020? We saw a lot of challenges in the year that was, but there were also great opportunities for those who are willing to act. Yearends are usually a time for reflection and looking back on the things we learned. Today, our hosts will share their Passive Income Report as they have been doing in the previous months. This practice has been part of Russ’s vision board. It’s always good to look at what’s been working and what’s not, and coming up with strategies to do better in 2021. Aside from their different business ventures, Russ and Joey are also firm believers that the best use of money is investing in yourself. Check out what they’ve been listening to and reading about in the resources section. Resources: Business School Podcast by Sharran Srivatsaa - very tactical, encouraging, and empowering For Men Only by Shaunti Feldhahn - understanding how women think Dirt Rich by Mark Podolsky - attaining financial freedom through property investment Doesn’t Hurt to Ask by Trey Gowdy - learn how to communicate better by asking the right questions ~~~ December 2020 Passive Income Summary: Gross Income: $47,000 Total Expenses: $35,000 Net Profit: About $12,600 ~~~ Breakdown of Passive Income Sources: Land Business $3,325.92 Income | $495 a month increase Vs.November This business is being managed in partnership with The Land Geek: Mark Podolsky Know the ebb and flow of running this business Short Term Rental Property $28,000 Income | $27,900 Expenses - just barely breakeven December and January are usually low seasons - not much travel happens You have to strengthen your marketing strategy - don’t rely on Airbnb alone to bring in customers Ethereum Miners $4,355 Income | $1,588 Monthly Expenses | $2,767 Profit up almost $1,000 Vs. November Strategy is to sell the coins earned every month to cover the expenses and invest the excess funds in other businesses Current Ethereum Coin Value - $761 per coin Long Term Rental Business Not much going on here E-commerce $1,400 Loss This business will be discontinued in March 2021 if it doesn’t recover soon Short Term Rental (STR) Mastermind $4,560 Profit 2,800 on the waiting list for March 2021 Join here: https://www.wealthwithoutwallstreet.com/strmastermind ~~~

Round Table | Top Three Reasons to do IBC/Whole Life Insurance

Have you been thinking about wealth-building opportunities? You probably heard about a hundred different ways to achieve financial freedom. How do you know which is the right way to go? In this episode, the IBC coaches give out their top reason for considering infinite banking (IBC) and whole life insurance as a tool to get more creative with how you can make your money work for you. In case you’re not familiar with the IBC just yet, Nelson Nash’s Becoming Your Own Banker (BYOB) explains how your whole life insurance policies’ cash surrender value can be used as collateral for a loan. IBC is for individuals who are willing and able to make a long-term financial commitment. Find out the top reasons why you should consider diving into IBC/Whole Life Insurance as you embark on your financial journey. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

How to Bet on Yourself with Alex Pardo

When was the last time you invested in yourself? How far are you willing to go to get clarity and reach a successful and fulfilling life? Today’s episode features Alex Pardo, host of The Flip Empire Podcast and co-founder of ASCEND, a high-level mastermind and coaching community. Whether you are stuck in your job and unsure of the next steps or have a business that you want to grow, Alex’s story will resonate with you. Learn how taking chances and betting on yourself can help you realize your life purpose and carve your path to success.

Shaping your vision and discovering the courage to follow through

Scale to get better, not to get bigger

How to gain clarity, have the hunger to grow, and impact people

Alex

Alex Pardo is the host of The Flip Empire Podcast, where he shares strategies, interviews, and insights for smart real estate investors to help them grow and scale in the real estate investing business. He is also the co-founder of ASCEND, a high-level mastermind and coaching community for Entrepreneurs that want to experience a better life and business. While involved in multiple businesses, masterminds, coaching, and delivering podcasts, Alex is a family man first. He is married to Natalie, and they have two beautiful girls, Arianna & Alessia. Through his commitment, Alex can fulfill his purpose of helping others achieve freedom while passionately living his vision with his family, experiencing life to the fullest, and positively impacting people's lives.

Round Table | Dave Ramsey Says Infinite Banking is a Scam Part 2

What does Dave Ramsey think about IBC? And why does it matter? Information dramatically influences one’s choices. If you’re looking for ways to create financial freedom and learn more about the Infinite Banking Concept (IBC), you’re in for a fiery episode. In Dave Ramsey’s 9-minute video Why Infinite Banking is a SCAM!, he calls the IBC a Ponzi scheme and “whole life done horribly.” This is Part 2, where the IBC coaches break down Dave’s video contents and debunk the misrepresentations and half-truths in it. Russ and Joey will also go over Dave’s 7 Baby Steps and discuss how it may or may not be the right way to go. As you’re trying to learn about the Infinite Banking Concept (IBC) to determine right versus wrong, get answers to your questions from the people who have been practicing IBC for many years. You need objective truth, and that’s what you will get from this episode. Stay tuned and learn the proper path to take control of your finances to create your desired future. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

The Fearless Investor Kyle Stanley

Are you at that point where you can’t decide the path you have to take? Listen to this episode and find out how you can have clarity, take control, chart a path, and achieve freedom. Today’s guest, The Fearless Investor, Kyle Stanley will share tips on how to invest, kickstart your business, or become a better business owner. Learn about arbitrage, short-term rentals via Airbnb, and Kyle’s BRRRR framework. (Buy->Rehab->Rent->Refinance->Repeat) --- If you have a strong desire to invest in a short-term rental business via Airbnb, check out the resources and go from there. Resources: Download Airbnb Calculator: https://www.fearlesskyle.com How to Become an Airbnb Host: https://www.fearlesskyle.com/airbnbhost AirDNA (Short-Term Rental Analytics): https://www.airdna.co/

Understanding the market and what the deal looks like

Strategies to scaling your short-term rental business

What does Freedom of Choice look like and how you can achieve it

Kyle

Kyle Stanley is the host of The Fearless Investor Podcast, where he brings in innovative investors so his audience can learn from them. Kyle was also involved in multi-level marketing before becoming an entrepreneur. Now he helps people learn investing strategies like AirBnB, real estate, and much more! Kyle knows his stuff for sure, having invested in real estate and an AirBnB host since 2018. He loves baseball, volunteering at a local dog shelter, and traveling.

Round Table | Dave Ramsey Says Infinite Banking is a Scam Part 1

If you want to get financial advice, where would you go? Who do you ask? Would you listen to someone who says one thing but does another? This episode is prompted by radio and television celebrity Dave Ramsey’s 9-minute video Why Infinite Banking is a SCAM!. Dave’s comments were in response to a caller who has taken up his 7 Baby Steps and now asking about IBC. Listen up as we break down the difference between what Dave says and what IBC teaches about building passive income. Instead of running from things we don’t understand, let’s get the facts from people who know what IBC is all about -- and it’s not Dave Ramsey. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Onward Nation and Predictive ROI with Stephen Woessner

So you’ve just come up with a fantastic business idea, now what? How do you drive demand and create scarcity so people want to buy your product? Marketing your product is the best thing you can do as an entrepreneur. Today we have Stephen Woessner, CEO of Predictive ROI and host of the top-rated Onward Nation Podcast, who will lay out the process in identifying your ideal client avatar and finding your niche so you can grow your business. “Stop wandering aimlessly,” and pick up valuable strategies from Stephen’s journey from a struggling entrepreneur to becoming a successful CEO in an industry that helps other entrepreneurs achieve their goals.

Business valuations and lessons from running an undercapitalized business in a very challenging market

What is Predictive ROI, and how can it help you as a business owner

Knowing your Ideal Client Avatar and learning the strategies to provide specific results to clients

Stephen

Stephen Woessner is the host of Onward Nation Podcast and the founder and CEO of Predictive ROI, a digital marketing agency, which helps agencies, coaches, and consultants build their thought leadership and then monetize it. He is the author of three books, including the #1 bestseller, Profitable Podcasting.

Passive Income Report - November 2020

“Vision is something that you think about, but the reality of it is when you can see it because you put it down somewhere in front of you.” ~ Russ Morgan As we’re nearing 2021, it’s a great time to sit down with your family, envision what you want to accomplish for the coming year, and put everyone’s ideas on a vision board. The Passive Income Report is part of Russ’s vision board. This practice was inspired by Entrepreneurs on Fire by John Lee Dumas and The Smart Passive Income by Pat Flynn, who put their passive income on their websites to motivate others to set goals and create accountability. Today, Russ and Joey will go through the November Passive Income Report and share “the good, the bad, and the ugly” with what they’re doing. One good practice you can start with is creating a vision board to achieve what you want and gain financial freedom in 2021. ~~~ November 2020 Passive Income Summary: Gross Income: $53,862 Total Expenses: $32,803 Net Profit: Over $20,969 ~~~ Breakdown of Passive Income Sources: Land Business: $2,830 per month passive income | $130,000 property that can be resold If you’d like to learn more about the land flipping business, download the investor tool from The Land Geek: Mark Podolsky Cattle Business: Unsuccessful - nothing sold for the month and will be dissolved in 2021 Short Term Rental Property: $27,325 Income | $22,249 Expenses; $900 Profit at 73% occupancy Targeting to improve occupancy to 80%-85% next year Ethereum Miners: $3,300 Income | $1,500 Expenses | $1,843 Profit Long Term Rental Business: Not doing very well Community - Inner Circle Membership for IBC: $14,349 Income | $2,500 Expenses | $11,849 Profit Short Term Rental (STR) Mastermind: $600 Profit Freedom Seekers Masterclass (Brand New Coaching Program): $3,705 Profit Join the waitlist for January 2021 E-commerce: Not doing very well Joey will sell the business if it doesn’t take off by March 31, 2021

Round Table | How To Use Your Policy for Gifting

It’s the season of giving, and we love giving gifts. If you can pass down anything to your children, what would it be? Have you ever considered using life insurance as a gifting mechanism? In today’s round table, we’ll talk about how to use your insurance policy for gifting. A couple of ideas would be funding a life insurance policy for a child or grandchild or electing a portion of your death benefit to go to a charity. Using the Infinite Banking Concept or IBC, we buy cash value, and we purchase infinite uses of that cash value. In Nelson Nash’s second book, Building Your Warehouse of Wealth, there’s a chapter that talks about “anticipating a windfall.” Essentially what we can do within the framework of IBC would be: PAY premium->CREATE cash value->BORROW against that cash value->GIVE in anticipation of a windfall. IBC is a great way of practicing the abundance mindset and a powerful tool if you want to impact people more. When you look at it in its entirety, using your policy for gifting in the context of IBC is a fantastic gift. You will always get more than what you put in, and it will last a lifetime. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Living a Life on Fire and Purpose with Joshua Kalinowski

Are you someone who just experienced a major life change? Maybe you lost your job, had a considerable business failure, or even a failed marriage. Whatever it was for you, know that there’s life after what you’ve just been through. Today we have Joshua Kalinowski, host of The JK Experience and a very successful businessman who lives a purposeful life. His story will bring clarity and some practical steps you can take to manage the transitions in your life. Listen to Josh’s journey so you too can find your vision, discover your greater purpose in life, become the best version of yourself, and create a legacy.

Josh’s process in transforming his life and how you can do the same

How to get out of your comfort zone, invest in yourself, and learn from others

How to build successful businesses and raise leaders so you can do what you do best

Joshua

Josh Kalinowski is a former professional baseball player turned real estate agent then CEO who now runs six successful businesses. He helps leaders live a life of extraordinary impact, influence, and faith. Through his podcast, The JK Experience, Josh shares what he learns about finding inner greatness to keep moving forward towards the finish line. To learn more from Josh, watch out for his book, Strike Three: What Do You Do When the Game’s Over But Life’s Not, coming out in 2021.

Round Table | What if I Can’t Pay My Premiums

Today’s conversation is: “What if I can’t pay my premiums?” We’re going to bring out all the scary things that one can think of and hear what the coaches have to say. Let’s look at some of the thought processes that trigger the question: - Scarcity mindset vs. being prudent - Options and flexibility - Fear of commitment It depends on what ultimately you are trying to achieve and how you view your premiums. Do you consider your premiums as an expense or an investment? Are you building your insurance policy for the death benefit or for creating growth? Once you get this clear, that’s when you can carve out a path and create passive income streams. When you depend solely on your active income, the worst possible situation is losing that income or having zero income while needing to pay premiums. If you focus on building your passive income sources, you will overcome the fear and see what options are available to you. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Bonus Episode: Why Do We Celebrate Christmas

This is an extraordinary Christmas episode as Russ and Joey bring their kids once more to the show. The younger kids, aged 6 through 10, share some fascinating history around Christmas, why we celebrate it and what is special about it. Get ready to hear awe-inspiring thoughts, some of which you may already know, but still refreshing to reminisce. Hear about The Upside-down Kingdom, where God came to serve, not to be served. Understand that “Emmanuel, God with us” - means the ultimate bad thing will never happen to you because of God’s amazing gift - Jesus. And that Saint Nicholas helps people because he believes in Jesus. Sit back and listen to the bright kids as they walk us through the following: - The Story of Saint Nicholas/Santa Claus and the three girls who needed his help - Why do we have Christmas trees and the significance of the tree -The ultimate reason why we celebrate Jesus on Christmas Thank you for sharing this incredible experience with us. We hope that you will be able to share the true meaning of Christmas with your families.

Embracing The Profit First Concept with Susanne Mariga

Most people calculate profit the wrong way. We’re so used to this formula: Income - Expenses = Profit. What if we look at it the other way around? Join us as we talk about profit with Susanne Mariga, CPA, host of The Profit Talk Podcast, and co-author of the book Profit First For Minority Business Enterprises (2021). In today’s episode, Susanne will guide us through flipping the equation, avoiding the entrepreneur poverty situation, and taking the profit first concept. We will cover some tips on putting a rein on your expenses, understanding the target allocation percentages, defining what winning looks like for you, and knowing what changes to make so you can scale your business and get your life back.

Assessing your entrepreneurial journey

Drill down on your Profit and Loss Statement

Why you should embrace the Profit First Concept

Susanne

Susanne Mariga is a Certified Public Accountant (CPA), Certified Tax Coach (CTC), and Chartered Global Management Accountant (CGMA) with over two decades of experience helping clients achieve their financial goals through business and personal tax planning. Before founding her firm, Susanne worked at Arthur Andersen LLP and one of the Big 4 firms, KPMG. Combining her industry knowledge with her own experience of growing a small business has allowed Susanne to help her clients design unique, profit-first based business plans that ensure success and long-term financial stability. As a Certified Profit First Professional (PFP) at the Mastery Level, she is passionate about helping small business owners and entrepreneurs maximize their revenue and grow their business.

Round Table | How Long Do I Have to Pay My Premiums

We're back to talk through the intricate details of the Infinite Banking Concept. One question that usually comes up from people who have whole life insurance policies is: “How long do I have to pay my premiums?” Like most other questions we previously discussed, there isn’t a one-size-fits-all answer to how long you have to pay your premiums. Consider what’s more important to you: Return ON your money or return OF your money? Let’s reframe the question as follows: How long DO I HAVE to pay for my premiums? How long CAN I pay my premiums? How long SHOULD I pay my premiums? It all depends on how you view your premiums. If you treat it as an expense, then you’d want to stop paying it as soon as you can. But if you begin to look at premiums as a savings instrument where you’re putting it in a system that will work for you, giving you options and flexibility, then you will know the answer to that question. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Rich Dad Poor Dad for Teens

You’re in for a treat as Joey and Russ bring in their daughters to share insights about Robert Kiyosaki’s book, Rich Dad Poor Dad for Teens. Today’s episode covers part 1 of the book, which is about The Language of Money. The girls, aged 15, 14, 13, and 12, kick off the discussion with their main thought about money. Words like “necessity, worry, not thinking about it, and work” come to mind. They dig deeper into details of how to overcome fear, the positive impact of journaling what you want, the power of positive affirmations, and exploring what options are available instead of just closing the doors.

Discovering the genius within you

Understanding your learning style

Believe that you can obtain wealth

This book teaches teens financial habits not usually taught in school and opens the door for parents to have financial conversations with their children. The next episodes will cover the rest of the book, touching on exploring possibilities, being excited, getting better, and becoming more confident.

Round Table | How Long Should I Pay my PUA?

It’s another round table discussion where we break down the topics within the Infinite Banking Concept (IBC). Today, we’ll talk about how long you should pay your paid-up additions (PUA) rider. Last time, we talked about what we can do with dividends, one of which is reinvesting it. In essence, you purchase paid-up additions (PUA) using the policy’s dividends instead of premiums. Paid-up additions rider enable more cash value in your insurance policy and faster growth from dividends. It’s like rocket fuel that helps make your money more efficient. An intriguing discussion is how long you should be paying your PUA. Why do you think that question comes up? Below are some considerations when people decide how much money they are willing to invest and how long they should pay: - People want to have cash right away. - People want to create a highly efficient contract as quickly as possible. - People want to create a tailwind of growth, making it as efficient as possible to propel their policy with sustainable growth and sustainable cash values for an extended time.

The Accumulation Model vs. The Cash Flow Model with Randy Lawrence

The accumulation method is a villain. It taught you to scrimp and save until you have a mountain of money, yet in the end, you still worry that it’s going to run out, creating a scarcity mindset. Is there a better way? Let’s hear from a former stockbroker - The Real Estate Preacher, Randy Lawrence. Today, he teaches us how to transition from accumulating wealth to getting more returns on real estate, finding a way to earn every month while growing your asset, and establishing a cash flow model. Learn the impact of having the financial disciplines like operating within a budget and starting a systematic approach to transforming your current economic model. “Discipline is what provides freedom.” ~ Randy Lawrence

How to be reasonably responsible with your income and expenses

Understanding what’s the right asset class for you

Beginning a systematic approach to transition at a time table that you’re comfortable with

Randy

Randy Lawrence is a veteran real estate investor having decades of experience with single and multi-family properties and a transformational community leader and church founder. Having started his career as a traditional wealth manager, Randy understands finance and investing strategies in the broadest sense. Ultimately Randy determined that real estate was the ideal investment vehicle for his portfolio. Over sixteen years ago, he began partnering with other investors, to their mutual benefit. Today, Randy oversees a real estate portfolio of close to $105M in multi-family assets and is on track to double these holdings in the next three years. - Resources: Prosperity Capital Partners: https://pcpre.net/ The Real Estate Preacher Podcast: https://therealestatepreacher.com/podcast/ - Connect with Randy: Facebook: https://web.facebook.com/TheRealEstatePreacher/ Linkedin: https://www.linkedin.com/in/randylawrence1/

Round Table | What Else Can I Do With My Dividends?

Today’s topic is about dividends: how they are created and how they can be used. In the book, Building Your Warehouse of Wealth by R. Nelson Nash, the whole life policy is compared to a tree that grows; it can never shrink. You can find evidence of growth in the rings within the tree. And as the tree grows, it bears fruit. Dividends are the fruit of the policy -- the surplus or the return on premium. Now, what can we do with the fruit of the tree or the dividends from your whole life policy? 4 Things We Can Do With Dividends: 1. Sell it 2. Allow it to accumulate interests 3. Use your dividends to reduce your premiums 4. Reinvest your dividends and buy paid-up additions You dictate what happens to your dividends. You should always think about having options, control, and flexibility of your money. Essentially, you should keep the dividends inside the policy so it’s not affected by taxes. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.

Our Passive Income Report - October 2020

There’s an emotional component to money. Volatility is not just about returns but what it does to you personally. There’s always this question of “Is your money ever enough?” One of our favorite topics is sharing our monthly passive income report and what we’ve been doing. As we always talk about in Wealth Without Wall Street, none of it is about timing. It’s all about cash flow. Here are some lessons we’ve learned from engaging in different business ventures: It’s a good thing to leverage someone else’s expertise to tap into a system. Just like how we’ve tapped Mark Podolsky’s team to run Everland which is one aspect of our land business. It’s a learning process. There will be challenges. It’s not all roses. You have to learn the skill of marketing. You need to have an extroverted personality with a sales profile, resilience, and willingness to push through some challenges. Financial freedom is not linear. It’s always moving and changing, and you’ve got to be willing to pivot. You can’t just stay in one place. You have to make constant adjustments, step out of your comfort zone, and continue to grow. We hope you learned something today. That’s what our brand is all about - empowering you to take control, so that you can pick your own path to financial freedom. ~~~ October 2020 Passive Income Summary: Gross Income: $32,800 Total Expenses: $ 27,000 Net Profit: $ 5,344 (a little over 10% increase from the previous months) ~~~ Breakdown of Passive Income Sources: Land Business: TriStar - $723 Income | $31,000 Expenses | Down $2500 Everland - $4,250 Profit Short term Rental Property: $18,248 Income | $13,605 Expenses; $922 Profit per bedroom Mastermind format run by our operator STR Mastermind weekly live coaching how to create cash flow Ethereum Miners: $2.630 Income | $1,013 Profit Multi Family: Undergoing a merger, so no income to report for October Long term Condo Rental: $124 Profit - typical profit from condo rentals is from $125 to 200 Community - Inner Circle Membership for IBC: $40/person/month membership fee | $30,000 Expenses/year | $1,000 Profit E-commerce: $634 Income | $861 Loss Freedom Seekers Masterclass Live (Brand New Coaching Program): Starting at $847/month with 10 members; this will be turned into a course in the future so it becomes a source of passive income Affiliate Marketing: $500 Income

Generating Passion Income by Doing What You Love with Brian Ellwood

Is there a way to stop trading your time for money and spend time doing the things you love? If time is our most valuable asset, how do we track it? How much time do you spend working? How can you take back control of your time? Today, we learn more about this idea with Brian Ellwood, host of 12 Houses To Freedom, the podcast that shows you how to create passive income so you can pursue your passion. Brian shares that having passive income is excellent, but passion income is something different. Passion income is money generated by doing what you love. It combines what you're good at and what truly matters to you. In Brian’s case, his passive income comes from real estate investing, while his passion for coaching has been bringing in a considerable income for him.

How to have the clarity to picture a lifestyle you love and take steps to get there

Creating passive income streams to pursue something you’re interested in

Why you should track your time

Brian

Brian used to have a soul-crushing job, which he eventually quit. Inspired by the book Rich Dad Poor Dad, he got into real estate wholesaling, which he also had to stop. Brian now focuses on a few dozen rentals and uses his passive income to pay for his bills to control his time. Today, Brian coaches others on creating passive income streams to have control over their time, too. He only works part-time and spends the rest of his time with his wife, Carleigh, and his daughter, Everley, exploring Colorado, snowboarding, doing parkour, skateboarding, playing music and video games, and drinking beer with friends. Brian believes that "The purpose of real estate investing is not to become your career, but to FREE YOU UP so you can pursue your larger mission in life.” Resources: 12 Houses To Freedom Podcast: https://www.brianellwood.net/podcast

Round Table | Nelson Nash - The History of the IBC Concept

It’s Thanksgiving Week, and we’d like to thank the man who introduced a completely different concept in the insurance industry -- the Infinite Banking Concept or IBC. We’ve been discussing IBC in this podcast, but today we’ll share an interview last May 2018 with this great man, our IBC mentor, R. Nelson Nash. A former forester, airline pilot, and life insurance advisor, Nelson discovered IBC in the early 1980s. He struggled with high interest rates (23%) on loans from commercial banks. While ruminating over his financial predicament, Nelson realized he could fund whole life insurance policies to create his own set of “banks” or storehouses for his savings and allow him access to finance large purchases. Introspection is really important. In his words, “IBC is about how you think.” Our need for financing is greater than the need for protection. Thus was born the idea for Becoming Your Own Banker (BYOB). Before writing the book, Nelson spent years sharing his vision by doing live seminars. At first, no one showed up, so he redesigned how he delivered the message and eventually found receptive listeners. It’s still a long way to get more people educated on IBC. But once you understand the potential of a properly designed dividend-paying whole life insurance policy and dig deeper into the Infinite Banking Concept, you will appreciate the vision of Nelson Nash and his tremendous impact on the world of financial literacy. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.

Round Table | Is Index Universal Life Insurance Good for IBC

Is IUL or Index Universal Life Insurance good for IBC? We’ll answer this in today’s round table. First, let’s try to understand the context of IUL and IBC. IUL is essentially a risk mitigation tool providing “upside potential with downside protection.” It is built on universal life insurance and meant to offset or compete with what’s happening in the market. IUL provides a constant rate of return and the cost of insurance premiums. Now, IBC is about Becoming Your Own Banker, a concept introduced by Nelson Nash. Its process revolves around accumulation and distribution, taking control of your finances, and buying assets to have cash flow. Now that we fully understand both concepts, let’s go back to our question, is IUL a good fit for IBC? Our goal is to get back our time and have flexibility. Let’s take a look at the 3 Essential Guarantees with Whole Life Insurance that are not in IUL: 1. A guaranteed premium 2. A guaranteed cash value 3. Guaranteed death benefits We can also refer to these as the “certainty inside guarantees.” Now you decide what you want to do with your money. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.

The Value of Going to College | BYOB Book Review part 16

Why do people go to college? Is it a must? To continue our review of R. Nelson Nash’s book, Becoming Your Own Banker, let’s talk about the value of college education. People spend a considerable amount of money to go to college, business school, or medical school to learn a skill or get a certification. Taking the cost of a college education into account, is it worth it? Today’s students get sent to the business school to be trained, not to learn. Instead of spending money outright on college education, why not start saving? To illustrate: 1. Consider the standard cost of US$20,000 per year on a 4-year college education = US$80,000 (excluding board, lodging, other expenses) 2. If you put the same amount to an insurance policy, you will have a value of US$2,457,303, which will allow you to withdraw US$145,000 annually for 16 years while maintaining US$3,200,000 in death benefits. A person should not wait until he’s 70 years old before enjoying his retirement. Going to college is good, but why not consider internships or learning from experts as an alternative? Education is not limited to institutions. Your financial education is your responsibility. An insurance policy is a better place to save money.

What is the alternative if you don’t go to college

The value of getting a mentor

The value of understanding infinite banking

Round Table | How to Make a Policy 3 Years Old in 18 Months

What’s one thing you wish you can do again if you can go back in time? Have you ever wished you’d known something sooner? Why would someone want to go back in time? We’ll answer these questions in relation to infinite banking. We can achieve three years of growth in just 18 months by backdating the policy, a common practice in the insurance industry. Compressing time and accelerating growth is something that many people are beginning to consider now. For someone with a lot of cash available, this is a good strategy. To illustrate: 1. Your birthday is June 1st, and today is December 1st, we’ll write a policy dated June 1st (6 months ago); you’ll pay the first annual premium 2. June 1st the following year; you’ll pay the 2nd annual premium. By this time, you would have paid 24 months worth of premium in just 6 months (December to June) 3. By year 3, June 1st, you would have 3 years or 36 months worth of premium (in 18 months) -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.

The Profitable Niche of Land Flipping with Adam Southey and Justin Sliva

Most people dream of having financial freedom, but get stuck working endless hours in a job until they’re 60! Ready to take control of your life and create a business that is not a job? Tune in to this episode. Today's guests, veteran real estate investors Adam Southey and Justin Sliva, share how they discovered the wildly profitable niche of land flipping as a way to create wealth and live life under their own terms.

How to make money in real estate.

The strategy and business model used by Adam and Justin.

Discover the process to create financial freedom .

Adam and Justin

Adam Southey used to work as a train conductor. Justin Sliva spent years working as a full-time real estate agent. They joined forces to try out land investing. Today, they’re both living the life of their dreams. They share their experiences to teach others how to build massive cash flow and huge profits from this highly lucrative niche of land flipping through their podcast, Casual Fridays REI.

From Self Storage to Self-Sustaining with Scott Krone

In these times of market uncertainty and job layoffs, no wonder so many people are escaping the 9-5 and seeking financial freedom. Making that decision may be half the battle, but where do you go from there? Today’s guest is Scott Krone, the owner and founder of Coda Management Group. Coda is an international award-winning design and build firm that manages self-storage and other real estate assets, whose values range in the hundreds of millions. In this new episode, they discuss why you should look for problems to solve during a recession, how to keep your investors committed and happy in every deal, and the ways to leverage a variety of deals to create a life truly worth living.

How to identify problems with a high ROI.

The concrete steps to tackling an old problem in a new way.

The key to creating sustainable passive income streams.

Scott

Scott Krone’s background lies in architecture and contracting, working on multiple million dollar deals in his early years. In 2012, Scott founded SSSK Capital Fund, a firm that managed real estate assets in the excess of $30 million. In 2018, Scott combined SSSK Capital Fund with his other company, Coda Design + Build, to create the current Coda Management Group. Coda is now a staple in self-storage asset management.

Our Passive Income Report - September 2020

Welcome to the continuation of the Wealth Without Wall Street Podcast's Monthly Passive Income Report. This episode we go over our September 2020 passive income streams and show you how we had a 30% percent increase from last month. We discuss why some strategies didn’t work for us, but could still work for you. From taking on more expenses to dealing with neighbors who want us out, we go over every aspect of the business and give you exact numbers to put into perspective. Money is just a tool that we trade for time, but time waits for no man. Short-term rentals have increased our income greatly from month to month, however land-flipping took us backwards this month. These episodes also show us where we can improve and learn from the mistakes we made month to month. Overall, September was a good month for us and we are excited to continue expanding in some areas. We hope this episode inspires you to use your money wisely and allows you to learn from our mistakes.

Round Table | What A Properly Structured Policy Looks Like

What would you have done differently after knowing what you know now? We all have this habit of doing things on our own. We only consult an expert after we’ve messed up. Take the question of what’s the best way to design a policy. Clarity is the key. If you understand the problem, the solution will be clear. You have to identify what’s important to you and why, where you’re headed, and how you’re going to get there. Focus on long-term results and be ready to infuse capital. When we talk about owning your journey to financial freedom, it’s best to work with a trusted practitioner to coach and guide you. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up

Round Table | What is a Term Conversion?

When we talk about life insurance, people usually think of a whole life policy—your policy is active until you pass away. This has its benefits, but many people would benefit more from a term life policy. Simply put, a term life policy is active for a designated set of years, which allows it to have lower premiums and the ability to convert into a whole life or infinite banking policy. Most whole life insurance policies are calculated based on the number of working years someone has left, which can both be wrong and unsettling to think about. In contrast, a term life policy is great for someone building a family, whose needs will change over time. Before you settle on one or the other, know what your specific needs are and discuss them with an insurance company you trust. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.

Using Real Estate to Make Your Finances Soar with Travis Wood

Money is a powerful resource, but nothing is more universal than time. So, what if you have more money than time? You work diligently at your job and are paid well for it, but if you don’t possess the time to reap the benefits, what was the point? Today’s guest is Travis Wood, a full-time airline pilot who loves his job and is compensated well, but he found himself reaching the end of his job’s ladder and feeling stuck. He knew that there was more to life for him and his family, so instead of settling into an “Oh well” mentality, Travis leveraged his love of learning to enter the real estate game and begin his journey to financial freedom. For him, the secret to success is not a fancy degree or expensive real estate seminar. Instead, Travis thought of an old product in a new way, invests in his imagination, and reminds himself that not being in a rush is the key to financial freedom.

Imagination and dedication define your ability to be financially free, not background or education.

How to avoid the proverb of “the borrower is slave to the lender.”

Why you should take your time and enjoy the process.

Travis

Travis Wood is a full-time airline pilot from Louisville, KY, husband, and father to two young boys. He and his wife realized the power of passive income, so they leveraged their well-paying jobs to enter the real estate game and slowly earned the financial freedom to give their family the life they deserve.

Feeling Unfulfilled? Develop the Right Mindset W/ Rod Khleif

Mindset is Important no matter where you are at in life. It can be helpful whether you’re starting and running a business or if you’re trying to be a better steward of your money at home. Today’s Guest, Rod Khleif, tells his story of great rises and great falls and how he found the true meaning of success. Early on, Rod got everything he wanted. He even bought his dream multi-million dollar house on the beach. And yet after only 60 days of obtaining his house, he realized he was fully depressed. He was simply unfulfilled and his expenses did not fill the void. Now, Rod is on the path of saying that there’s much more to life than all the things that can be accumulated.

There’s more to life than filling it with sought-after expenses.

You can be successful, but unfulfilled.

How to stop and force yourself to write down the goals

Rod Khleif

Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country’s top real estate trainers, Rod has personally owned and managed over 2,000 properties.

Our Passive Income Report - August 2020

Welcome to the continuation of the Wealth Without Wall Street Podcast's Monthly Passive Income Report. This episode we highlight our August 2020 passive income streams. We’re opening up the books and are sharing our actual passive income numbers with you. We want you to see if they’re working and to help inspire you to start today on growing your passive income. If you don’t keep score, it’s hard to know how you’re doing. These episodes help us open up our eyes. We’re also unlocking not only the revenue from our passive income sources but also talking about how passive they actually are. We offer our community affiliate passive income opportunities and we want to be transparent with our community so that we can both support each other on our paths to Financial Freedom.

How ATM Machine Investing Works W/ Dave Zook

Can ATM’s be a solid investment opportunity? All of us know that feeling of being in a situation where you need immediate access to cash. In those situations, the importance of the need for that cash greatly outweighs the hefty service fee the machine tacks onto the withdrawal. Someone is benefiting from those transactions and today’s interview is with one of those investors, Dave Zook. Dave walks Russ and Joey through how you can make money from ATM machines and how intensive it might be. We talk about the end users of ATMs and if they’re going away or not in a now cashless society. We also discuss the various types of ATM machines and which ones you can get into investing in. This is a highly-requested podcast interview from our Wealth Without Wall Street community and we’re excited to be able to share out the wonderful world of ATM machine investing.

How long it takes to get your investment back

What types of ATM machines are investable

Other avenues of revenue ATMs offer than just transactions

Dave Zook

Dave Zook is a successful business owner and an experienced real estate investor active in Multi – Family Apartments, Self-storage and the ATM space. Dave has acquired more than $100 million worth of real estate since 2010. At the time of this writing, he and his investors own approximately 3000 Multi-family Apartment units.

How to Build a Life Worth Chasing - With Chase Maher

We are trained in American society to get into debt. How can you do the opposite of what the middle-class is trained to do and do what the wealthy know how to do? Even for those who choose to save up and then spend, there are very little ways to get out of the cycle. We should make our earnings go to work for us and if we’re going to spend anything, we’re going to spend what that produces. Chase Maher of The Life Worth Chasing Podcast, comes on our show to share his perspective of never fitting in. Chase is a real-estate investor who is simply thinking differently. His goal is to buy the assets that create the lifestyle, not have a corporate job that spends down for a lifestyle. He found ways to create the assets that built the life worth chasing.

Understand the difference between “Have. Do. Be” and “Be. Do. Have”.

Learn what Location Independence means and how you can set out to achieve it.

How to treat your personal life expenses as a profit and loss sheet seen in a business.

Chase Maher

From flipping cars to building wealth in Real Estate, Chase is well on his way to retiring by the age of 40.

Long Range Thinking Required | BYOB Book Review Part 15

In this episode of The Wealth Without Wall Street Podcast, Joey and Russ take on part 15 of the Becoming Your Own Banker by R. Nelson Nash book review. They discuss the chapter about "An Even Distribution Of Age Classes" and the importance of thinking long-range. Legacy in its simplest forms is at play here. You need to think about passing along the knowledge to future generations. Nash is all about making you to think “how do I play out this becoming your own banker process for generations?” Chances are, you’re the first person to start this process in your family and you’re starting to realize this process can play out for generations to come.

Learn that there’s something more important you can eave behind than just wealth.

See what Steve Jobs, Martha Stewart, and Walt Disney have in common.

Understand that Becoming Your Own Banker is deeper than just money.

What on Earth are Tax Liens? W/ Joanne Musa

Today's podcast interview is all about understanding Tax Liens and we brought in the Tax Lien Lady, Joanne Musa. Tax liens are fairly straight forward, but they can get complex in a hurry. Tax liens at their core are the result of when people don't pay their property taxes and cash-strapped states will sell these taxes to investors, resulting in a lien against the property. Auctioning these liens can be lucrative and an effective way of working towards financial freedom.

How tax liens work and how it varies by state.

How you can bid down the tax liens to make more lucrative margins.

How to pick the right states to bid on tax liens

Joanne Musa

The Tax Lien Lady, known online as America’s most trusted teacher and trainer on tax lien investing, helps investors who want to reap the rewards of from safe, profitable tax lien certificates and tax deeds. For the past 15 years Joanne has specialized in training people on how to build a profitable portfolio of tax lien certificates or tax deeds, so that they no longer need to take their chances in the stock market.

Our Passive Income Report - July 2020

Welcome to another first on the Wealth Without Wall Street Podcast! Today, we’re opening up the books and are sharing our actual passive income numbers with you. We want you to see if they’re working and to help inspire you to start today on growing your passive income. If you don’t keep score, it’s hard to know how you’re doing. This episode has helped us open up our eyes. We’re also unlocking not only the revenue from our passive income sources, but also talking about how passive they actually are. We offer our community affiliate passive income opportunities and we want to be transparent with our community so that we can both support each other on our paths to Financial Freedom. Check out below our numbers in July, 2020: July 2020 - Passive Income Revenue By the Numbers: Gross Revenue: $ 16,164.22 Total Expenses: $ 11,216.70 Net Profit: $ 4,947.52 ____ Affiliate Marketing - Revenue: $6,095 | Expenses: $0 Community - Members: 2,700 | Revenue: $ 538 | Expenses: $0 Long-term Rental - Revenue: $ 915 | Expenses: $ 941 Short-term Rental - Revenue $3,207 | Expenses $2,619* Crypto - Revenue $2,128 | Expenses $1,206 Multi Family - Revenue: $0 | Expenses $0 Cattle Business - Revenue: $0 | Expenses $0 Land Flipping (Tri Star) - Revenue: $1,488 | Expenses: $677 Land Flipping (Everland) - Revenue: $1,330 | Expenses: $0 *Wake Up In Birmingham labor expenses: $ 4,166.66

How to track expenses a lot better

Why the guys want to put more money in land

Why putting all of this on paper is the only way we’re going to get our passive income greater than monthly expenses

Traveling 10,000 Miles to Reach Financial Freedom w/ Reed Goossens

What are you doing with your time right now? Are you going to use this time, especially during the continuing COVID-19 outbreak, to educate yourself on areas that will give you MORE time to spend with your family? Or are you going to just scroll through one more YouTube Video or news article? Our guest on today’s show, Reed Goossens, shares his story of escaping the cubicle and investing his time so that he could have more freedom to spend with his family. Reed explains why he quit his job as a structural engineer in Australia and moved to the United States to pursue real estate investing. He talks about purchasing his first property for $38,000 just outside of New York City and how easy it was to begin investing in real estate in the US when compared to Australia. Despite this, he realized he was still thinking too narrowly about investing and entrepreneurship. Then he met a friend that shared the benefits of real estate syndication, which led him to start RSN Property Group, which has gone on to acquire over $60 MILLION worth of real estate to date. Reed talks about the importance of getting out of your own way and ensuring you invest your time into doing the work that helps you move the needle. If you’re looking for ways to better invest your time so that you can have more freedom to live your life, this episode is crucial to helping you make that dream a reality.

What makes the US a perfect market for real estate investing and why Reed moved from Australia to pursue it.

How you can create a network in a new country, city, or market regardless of where in the world you travel.

How Reed segued his business from a small rental property portfolio to syndication and what the benefits of syndication are.

Reed Goossens

Reed Goossens is a real estate investor, entrepreneur, author, and public speaker whose real estate investing journey began in 2009 thanks to picking up “Rich Dad Poor Dad” by Robert Kiowsaki. Reed worked in civil/structural engineering before taking the plunge full time into real estate investing and development. In 2011, Reed and his wife moved to the US from Australia and purchased his first duplex for $38,000. The experience taught him a lot about the benefits of investing for cash flow in the US, which has much lower barriers to entry than Australia’s markets. Reed founded RSN Property Group, a multi-family syndication investing firm involved in the acquisition of over $60 million worth of real estates to date. He hosts the podcast ‘Investing in the US – An Aussie’s guide to US real estate’, interviewing top real estate professionals to better educate other investors who want to break into the US Market.

Get Your Teens to Start Thinking About Financial Freedom W/ Dan Sheeks

How can we teach our teenagers about financial literacy? What are the ways we can present ideas about finances to teenagers that will not only be engaging, but create lasting concepts in their minds? Our guest on today’s show is Dan Sheeks, founder of SheeksFreeks, a blog dedicated to helping young people make intelligent financial decisions that allow themselves to reach early financial independence and live their best life. Dan tells the guys how he’s teaching teenagers about the core principles of financial education and how he’s creating communities to help them stay accountable to their goals. Dan then explains how parents can begin the conversation with their own teens to get them thinking differently about finances. If you have teenagers or even pre-teens, this is an invaluable episode to give you the resources you need to get them to start approaching financial literacy differently!

Why personal finance education is such an important topic to begin teaching in schools, especially during high school.

How parents can begin having conversations with their teens to create a foundation of financial literacy before they graduate.

How to get teenagers and young adults talking about different financial concepts and how communities like SheeksFreaks help foster that discussion.

Dan Sheeks

Dan is a high school Business and Marketing teacher, real estate investor, and personal finance advocate in Denver, Colorado. In his 17 years of teaching high school, he has taught a variety of business subjects,including financial literacy, entrepreneurship, personal finance, and marketing. Dan and his wife have a variety of real estate investments,including multifamily, single-family, Airbnb, and out-of-state BRRRRs. They currently have 14 units in the Denver metro area, Colorado Springs, and Detroit and continueto grow their portfolio

What Mortgage Note Investing Can Do For You! With Jamie Bateman

Why should you consider investing in mortgage notes? How can investing in mortgage notes, specifically notes where the borrower is not making all of their payments, can be profitable? Our guest, Jamie Bateman, explains how he began investing in mortgage notes and created significant returns by buying notes at 50-60% discounts. He tells our listeners how he finds notes online, which notes are the best to purchase, and how to flip the properties to maximize his returns. He also shows the reason purchasing notes pairs well with IBC and how both investments offer an incredible amount of control when compared to traditional IRAs or 401Ks. Since 2018, he has grown his portfolio to include over 20 notes in 10+ states and now works to help others discover how they can earn income through note investing. This is an episode that shows how unconventional methods of investing in real estate and IBC pair together perfectly, so you won’t want to miss this conversation with Jamie Bateman.

How mortgage note investing allows you to be as passive or active as you would like and how both can create significant returns.

Where to find mortgage notes online and the best systems, tools, and vendors Jamie is currently using when purchasing notes.

Why IBC and mortgage note investing synergize so efficiently to one another and how mortgage note investing through IBC offers YOU almost complete control of your investment.

Jamie Bateman

Jamie Bateman has been an active real-estate investor since 2010. He and his wife, Emily, manage a portfolio of investment properties in Baltimore County, MD. They have experience in both the mortgage and the title industries. He takes pride in assisting those who are motivated to incorporate non-traditional investing strategies into their wealth-building plan. He also recognizes that sometimes homeowners come across challenging circumstances that necessitate creative solutions to help them stay in their home. Jamie loves to spend time with his family. A former U.S. Army officer and collegiate lacrosse player, he enjoys slowly progressing at Brazilian jiu jitsu, watching football, and coaching youth lacrosse.

Cost of Acquisition and Can I Get a Higher Rate of Return? | BYOB Book Review 14

The Cost of Acquisition can dictate a lot of our decisions in business. The liquidity of having cash on hand can often make or break an opportunity for us. So how do you find the optimal vehicle for wealth that creates returns that offset the cost of acquisition? Joey and Russ talk about the importance of control in investing. They explain that most people’s money doesn’t reside in a place that they can easily access. As a result, they end up making decisions because they HAVE to not because they WANT to. The guys then explain why retraining our mindset to investing in life insurance policies allows us to see the freedom that we can attain that would be impossible with a traditional 401k or IRA fund. This episode helps highlight why we have to look at liquidity in our investments and that the cost of acquisition is often more about the limitations of our money than the amount.

What the three buckets of the cost of acquisition are and how to properly recognize it in investing decisions

How you can recognize both the seen and unseen costs of business and retraining your mindset beyond the initial seen costs of an action.

Why Infinite Banking Concept is an AND asset that gives you access to both returns from the insurance company AND the freedom to invest in areas that yield a higher rate of return.

How I Achieved 7 Figures Through Flipping Homes With Bill Allen

We’ve said many times on this show that our environment dictates what level we will rise to or stay at, especially when it comes to investing in yourself. So how can you go from being part of a mastermind to OWNING a mastermind? By expanding your horizons and surrounding yourself with people who are experts in their field. That’s exactly what our guest on today’s show, Bill Allen, did when he joined and subsequently became the owner for 7 Figure Flipping. Bill talks about how he got into real estate investing during his tenure as a Navy pilot and applied strategies he had learned from the military to real estate. He also discusses how he went from flipping 1 to 2 houses annually to quitting his job to work full time with 7 Figure Flipping and his company, Blackjack Real Estate. Bill also explains how, rather than focusing on profits as the end goal, he uses his financial resources to give back to others, create resources for them to expand their horizons, and allow them to grow their real estate investments far beyond 1 deal a year. Bill offers incredible insight into real estate investing, so if you’ve been on the fence about diving into it, this is the perfect episode to expand your horizons.

Why the first step of building an effective system requires looking inward, discovering what you want and self-expansion.

How to market and define your personality for a role so that you can attract the right people.

How investing in others can create a community that greatly increases revenue for everyone.

Bill Allen

Bill Allen is a real estate investor based out of Nashville, TN. He and his team currently flip and wholesale 200+ deals per year in Tennessee and northern Florida. Just a few years ago, he was stuck flipping 1 or 2 houses per year and doing all the work himself, but since then, he’s built a systematized business that runs without him and has begun showing other investors how to do the same. Bill is the CEO and owner of 7 Figure Flipping, where he helps lead the top house flipping and wholesaling mentoring groups in the nation.

How to buy owner financed houses with 0% interest! W/ Chris Prefontaine

Real Estate, as we have talked about many times on the show, is one of the pillars to creating passive income at your own pace. However, there are still external factors that can either generate risk or diminish your ability to maximize your income. So is there a niche in the market that can allow you to do something like purchase owner-financed houses with ZERO percent interest? Our guest on today’s show, telling you how you can do real estate on your own terms without being at the mercy of the ever-changing market, is the founder and CEO of Smart Real Estate Coach, Chris Prefontaine. Chris explains that doing real estate on your own terms involves buying and selling real estate that is either lease purchased or owner financing. He then goes on to show how these two types of properties can generate massive returns with a part time investment and mitigate a great deal of risk when purchasing these properties. This is an incredible episode from one of the best in the business and if you’ve ever wanted to learn a great, part-time method to investing in real estate, you need to listen to this episode!

Why the niche of purchasing on terms can provide greater returns than other areas of real estate investing.

Which of the two types of properties beginners should invest in and which generate more income.

How to structure win-win deals for yourself and every homeowner you talk to.

Chris Prefontaine

Chris Prefontaine is the Founder and CEO of SmartRealEstateCoach.com and has been in real estate for almost 30 years. His experience ranges from constructing new homes in the ’90s and owning a Realty Executive Franchise to running his own investments (commercial & residential) and coaching clients throughout North America. Today, Chris runs his own buying and selling businesses with his family team, which purchases 2-5 properties monthly, so they’re in the trenches every single week. Having been through several real estate cycles, Chris understands the challenges of this business and helps students navigate the constantly changing real estate waters.

The best tools to teach your children what they're not learning in school W/ Connor Boyack

A lot of schools today leave out economic and civic lessons that are vital to a child’s understanding of the world. Parents know that children need to be taught these ideals as they grow up, but the questions remain: How do I describe economics to a 7-year-old? Should my children and preteens care about the government? What resources are available to me so I can provide these topics to my children in an interesting and easy to understand way? Our guest on today’s episode is Connor Boyack, author of the best selling series The Tuttle Twins. Each book focuses on a different aspect of the principles of a free society: free markets, competition, individual rights, all condensed into core concepts that children can easily understand. Connor explains that a lot of parents and even those thinking about starting families want to provide this type of education to their children, but feel they either lack the time or knowledge to ensure these messages resonate with their kids. Through his stories, activity books, and even workshops, Connor shows that not only can parents teach their kids about these seemingly complex ideas, but actually create a foundation for their family and learn together.

Why it is so important for parents to invest in their child’s understanding of principles like economics, the free market, and individual rights.

How any parent can utilize resources like The Tuttle Twins to create a foundation of learning and understanding for these principles.

How creating this foundation of discussion with your children enables them to learn critical thinking from an early age and engage in conversation about the things your child has read.

Connor Boyack

Connor Boyack is president of Libertas Institute, a free market think tank in Utah. In that capacity, he has spearheaded a number of successful policy reforms in areas such as education reform, civil liberties, government transparency, business deregulation, personal freedom, and more. Connor is also president of The Association for Teaching Kids Economics, a nationally focused nonprofit training teachers on basic economic principles so they are empowered and motivated to help their students learn more about the free market. A public speaker and author of over a dozen books, Connor is best known for The Tuttle Twins books, a children’s series introducing young readers to economic, political, and civic principles. Connor lives near Salt Lake City, Utah, with his wife and two homeschooled children.

The Retirement Trap! | BYOB Book Review 13

This is our 13th podcast episode dedicated to reviewing R. Nelson Nash's book - Becoming Your Own Banker. Russ and Joey take the on the discussion of the retirement trap (page 66-67). What does that mean? There are trillions of dollars that the government sets out there as a trap for us. So, how can we avoid this trap and prosper? It's simple - understand that the motives of others are not the motives of ours.

That you can't understand economics without history.

How to avoid the retirement trap and create self value through your passions and skills.

Why it's impossible for the Government to be charitable.

How to build a brand and turn it into a following W/ Natalie Barbu

Natalie Barbu brings us on the journey about how she quit corporate America and was able to create a business that equals her goals of working from home and financial independence. Starting out as a content creator, Natalie built her own profitable brand through social media and grew a highly-engaged following along the way. She then expanded her personal brand into a fully built-out branding agency that helps individuals and businesses build their own brand that connects with their following. Russ and Joey learn from Natalie about how a brand can leverage social media and Youtube and be able convert it into better SEO, better inbound marketing, and a better brand following.

Leveraging social media and Youtube's reach are a must when building up your brand's presence.

How to center your personal brand about what actually interests you.

If you're the face of the brand, how diversifying your income is key.

Natalie Barbu

Natalie has been a content creator for 9+ years and has worked with countless brands on influencer marketing campaigns, creative content, and brand strategy in her career. In 2019, Natalie decided to leave her corporate job and start Barbu Agency and started with one-on-one consultations with individuals who wanted to start or grow their personal brand/businesses through social media. Natalie recently expand her agency to work with brands on a more personal level- helping with PR, marketing strategy, and influencer marketing campaigns.

Stewardship - Russ and Joey

Do you feel like you struggle with managing your money? Do you have a desire to grow your money? Maybe you feel frustrated that you’re only able to share for the short term and not the long term. On this week’s episode, Joey and Russ talk about how we can maximize our stewardship of money. They also discuss how to move through periods of our life where we can be fearful of either earning or spending too much and how stewardship ties back into a Christian mindset. Joey explains that when we begin to utilize resources to maximize our income, it not only allows us to increase our ability to spend and save, but to GIVE as well. Joey and Russ conclude by stating that the goals we set in our stewardship are able to overcome the fear we may experience in finances. This is a wonderful episode to help everyone reflect on stewardship in all areas, financially, emotionally and spiritually.

How to maximize our ability not only to earn and save, but to give to others as well.

Why setting a goal for yourself can be so impactful to overcoming fear and keeping yourself on a path to achieve that goal.

How our thoughts reflect who we are and what we do, and how we can change those thoughts to live a more impactful life.

How do I get started with the Infinite Banking Concept - Book Review Part 12

This episode is all about answering the question: How do I get started with the Infinite Banking Concept (IBC)? Russ and Joey discuss how this is a process, all while pairing it with the "Capitalizing Your System and Implementation" chapter in R. Nelson Nash's book: Becoming Your Own Banker. While this answering this question, you'll need to find the right coach. This coach must possess all of the right criteria Russ and Joey lay out. This isn't just someone who can write an insurance policy. A coach needs to be someone who is also actively doing what they're preaching to you, while sharing their own success and failures. You also shouldn't have to settle for a coach who only checks on you once a year. IBC is a process, not a product.

How Desire is the most important attribute at this stage of the game.

How this whole concept is a Process, not a Product.

The criteria you should look for when finding your coach.

Creative Financing Options for Real Estate Investors W/ Pace Morby

Very rarely do Russ and Joey come across something new in real estate strategy after interviewing over 150 podcast guests, but this episode with Pace Morby is packed to the brim of unique and creative financing options for real estate investors. This action-packed interview with Pace Morby offers brilliant educational insights on being able to place yourself inside previously unheard of real estate financing positions. Imagine being able to put $0 down and having a mortgage in your name, all while having a rental property generating over $1,000 a month. This scenario is out there and Pace is here to spread the word. This episode may very well change your entire way of thinking about how to get into the real estate investing market.

What financing position in real estate is and how you can make it work for your investments.

What to do when your transaction involves a party declaring bankruptcy or a property that has a lean on it.

How practices like door knocking can greatly increase your revenue and Pace’s best techniques for getting started.

Pace Morby

Pace Morby was a General Contractor for 10 years, building hundreds of homes and renovating/remodeling thousands of projects. His biggest clients were OpenDoor, Colony, Invitation Homes. After years of watching other people invest in real estate, Pace decided to transition into wholesaling properties, assisted living, seller finance, and their own property flipping operation. Today, Pace has a team of 15 people, generates over 150K per month in wholesale fees, operates 7 Assisted Living facilities, and owns 15 Subject-To properties.

How to create the value that you want to be paid for through short term rental W/ Avery Carl

Is there a difference between short-term or vacation rental investing and traditional real estate investing? What are the advantages of short-term rentals and how can you get started? On this week’s episode, Joey and Russ talk with Avery Carl, CEO and Founder of The Short Term Shop, about the short-term rental (or STR) investing market. Avery shares that her motivation to begin researching and utilizing STR came from her realization that she was dependent on others to tell her when/ if she would get a raise at her job. She also tells our listeners how they can get started in STR and the advantages it has over traditional real estate investing or land flipping. Avery then discusses the state of STR markets during the coronavirus pandemic and how people can still actively generate income through them. She explains the various platforms that she and others utilize for managing these properties, including apps like AirBNB, how they have streamlined her management of properties, and how they have changed during COVID-19. This episode offers incredible insights not only into creating and managing a STR business, but also how to understand the markets you are in and ways you can mitigate risk in investing.

How to get started in STR and vacation rental properties and which applications and software to use to automate the STR business.

Why STR is a powerful tool for passive income and how to effectively market your properties when getting started.

How to minimize risk in your investments by diversifying in both long-term and short-term rentals.

Avery Carl

Avery Carl is the CEO of The Short Term Shop brokered by eXp Realty. She’s become a top 1% agent and short-term rental expert. She purchased her first property at the age of 26 and became a millionaire at 31. She has since connected investors with over $125 million in cash-flowing STR's and vacation rentals since 2017. Avery now teaches and consults with people all over the country how to get started in STR investing.

The Future of Real Estate Investing W/ Propelio's Daniel Moore​

Daniel Moore of Propellio comes onto this week’s episode to discuss multiple valuable topics as he not only breaks down the future of real estate investing, the three fool-proof steps of investing in any cyclical financial market, but also his prioritization of mental, physical and spiritual health over financial success. With Covid-19, there’s a noticeable shift in the global market coming, Daniel’s anticipation is that the next 12-18 months will have a great housing market turn the other direction. The key to this uncertainty is the ability to perform in any market cycle. The largest shift of wealth comes in these uncertain times and those who know how to perform in a downward market have the most to gain in helping themselves and others. Daniel also preaches that real estate isn’t wealth. Through having his daughter, he realized there’s far more to life than what money can buy. Mental, physical, and spiritual health are extremely important and finances are just one piece of that.

The current housing market is about to shift and those who are educated and prepared have the most to gain.

How core business principles are the path to wealth.

How mental, physical, and spiritual health weigh more than financial gains.

Daniel Moore

Daniel Moore never made it out of high-school and worked in construction for $9 an hour. He suddenly found his passion was in real-estate investing. At 21, he bought his first house project, leaving him with only $50 in his banking account. By the time he sold it, he cashed in a $96,000 check. He caught the bug and earned other high gains, but also hit deep lows due to the cyclical market. Stuck with a decision to make, he turned to educating himself and invested every penny he had into fully immersing himself into learning business principles, the path to wealth. Now, He’s the mastermind behind Propelio, a real estate investing software and education platform.

The Entrepreneur Gets a Lesson in Finance by Nelson Nash | BYOB Book Review #11

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ continue their book review of Becoming Your Own Banker by R. Nelson Nash to dive into the equipment financing section to examine the numbers behind these policies. Joey and Russ show how Nash was able to help his nephew grow his income from $92,000 a year to almost $220,000 a year using cash that was already available to him. This section of the book begins to back up the ideas discussed earlier with concrete numbers so you can SEE the growth taking place. Joey and Russ then show you steps YOU can take to apply these same strategies and grow your passive income using sources of cash that you already have in your personal or business life. This is a pivotal episode to show the numbers behind the concepts discussed in previous episodes. You don’t want to miss it!

Why everyone should be in two businesses, the one you are currently working in and the business of banking that you use to finance yourself.

How you can take control of your finances and how you benefit from banking on yourself.

How to maximize your passive income using sources you already have in your home or business.

Can I put all of my income into an Infinite Banking Policy? Book Review Part 10

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ return to their book review of Becoming Your Own Banker by R. Nelson Nash to answer an important question: Can you put all of your income into an Infinite Banking Policy? Joey and Russ explain in order to answer that question and begin making tactile decisions that will propel you forward, you HAVE to identify what financial freedom looks like for you individually. They tell our listeners that we have to recognize that it’s not about how much or how little we make, but our decisions and abilities to utilize those resources to get out of the rat race. Once we begin to recognize that, we can dive headfirst into making those nuts and bolts decisions that will get us there faster. This is a must listen to episode for anyone that is wrestling with questions or doubts about achieving financial freedom.

Why taking the time to establish what financial freedom looks like to you and your family is crucial to building the foundation for Infinite Banking and passive income.

How to know the difference between when to invest more money into a policy or when it is time to expand that policy.

Why joining a community is vital to achieving financial freedom.

From Laid Off to $300,000 a Month using Online Business w/ Pat Flynn

We are all in the midst of having to make pretty significant change in our lives. Maybe your work has been completely cut out from you and you’re struggling to find an answer. That’s exactly where our guest on today’s show, Pat Flynn, was in 2008. After losing his dream job as an architect, Pat created a website to help others pass the LEED test, an exam many have to take in the architecture industry. People began leaving feedback on his site, with many saying his content was so good, they would pay for it. So Pat wrote a study guide that dove even deeper into techniques to pass the LEED and sold it for $19.99 on his website. During its first month on the website, Pat generated $7,008.55 and that’s when it began to click for him. Since then, he has created various businesses under the Flynndustries LLC umbrella and uses them as case studies in both his blog and podcast. To date, Flynn's businesses have generated over $3 million in revenue and now he works with people all over the world to teach them how to do the same. Our listeners can learn more about the resources Pat discusses in this episode exclusively at wealthwithoutwallstreet.com/patflynn

How to get started creating your own website and how to create passive income from it.

How your earnings tie into how well you serve your audience and why that’s important to measure.

Why transparency with your audience works so well in your favor and actually grows your income.

Pat Flynn

Pat Flynn is a father, husband, and entrepreneur who lives and works in San Diego, CA. He owns several successful online businesses and is a professional blogger, keynote speaker, Wall Street Journal bestselling author, and host of the Smart Passive Income and AskPat podcasts, which have earned a combined total of over 60 million downloads, multiple awards, and features in publications such as The New York Times and Forbes. He is also an advisor to ConvertKit, LeadPages, Teachable, and other companies in the digital marketing arena.

From Bankruptcy to Printing Money W/ Neil Twa

Amazon seems like the lifeblood of our society, especially during the COVID-19 outbreak. So what if there was a way for you to use Amazon’s platform to generate passive income for YOU? Our guest on today’s show is Neil Twa, a master at selling items through Amazon’s FBA program. Neil explains how he learned about Amazon’s market and the potential that foundation had to create passive income streams for him. So after he was laid off from his position at IBM, he decided to dive head first into selling through Amazon and then began scaling his operations. Today he now works to help others, even those with NO experience selling on Amazon, how they can utilize the FBA program to make upwards of 6 and 7 figures annually. He’s also agreed to join our community and teach YOU how you can get started. For more info go to wealthwithoutwallstreet.com/amazon

How working with Fulfillment by Amazon brought Neil from bankruptcy to printing money and how it can do the same for you.

Why scaling operations with Amazon is vital to creating passive income and can generate over 6 figures annually

How anyone can learn to sell through Amazon and why it’s a great avenue for passive income.

Neil Twa

Neil is a 7 figure ECOM expert who has shared stage time with Kevin Harrington, Jay Abraham, been featured in Entrepreneur.com, Huffington Post and INC for his knowledge, training and business growth around SaaS and E-commerce focused companies in the Shopify and Amazon markets selling physical and digital products. He's successfully coached over 500+ entrepreneurs and made dozens of millionaires teaching them how to sell physical products online, just like he's going to show you today. The software he'll demonstrate is hands down, the best in the industry for managing order fulfillment, product sourcing, automation and product selling.

Redefining Leadership and Success W/ Shawn Lovejoy

Great leaders are often forged in times of crisis. COVID-19 continues to decimate the economy and millions of Americans have found themselves forced to work from home. However, it’s in moments like these that leaders rise up. On today’s episode Russ and Joey sit down with Shawn Lovejoy, Founder & CEO of Courage To Lead. Shawn tells our listeners how to become a leader even during overwhelming periods in our lives. He explains the most important resource in any leadership scenario is the people you are leading. This is an episode you MUST listen to if you are looking to improve your leadership skills through greatly improving the relationships at work and home.

Why during any period of business, the most important resource you have is your people.

How caring for the people inside your organization is just as valuable as creating a road map for them to follow.

The things people need to have right now during uncertainty and how to improve your ability to lead others.

Shawn Lovejoy

Shawn is the Founder & CEO of CourageToLead.com. Shawn has been a successful real estate developer, church planter, megachurch pastor, and successful entrepreneur and leadership coach. Shawn now leads a team of coaches through CourageToLead who coach leaders through what keep them up at night! Shawn is the author of three books including Be Mean About the Vision: Preserving and Protecting What Matters and The Measure of Our Success: Your Path To Significance, Satisfaction, & Leading Yourself To The Next Level. Shawn has been married (for a quarter of a century!) to his partner and best friend Tricia Lovejoy, and they have three children: Hannah, Madison, & Paul. They all call Birmingham, AL home.

Taking Action Through Passive Income Streams W/ Sid Christensen

How could creating passive income streams make a difference in you and your families lives right now? As Wall Street’s volatility continues to shift day after day during Coronavirus, what can you be doing not only to generate more income for yourself, but also add more time to spend with your family? Our guest on today’s episode, Sid Christensen, explains how using Infinite Banking Concept to fund land deals and rental properties allowed him to change his family’s life for the better. He talks about how he found out about Wealth Without Wall Street and his initial skepticism towards IBC and real estate. However after taking the chance and diving into rental properties, he is now working to show others what financial freedom can look like for them. Sid also gives advice for those who are just getting started or thinking about getting started and the most important things they need to learn to minimize mistakes and maximize their success. If you’re wondering how transformative passive income, IBC, and financial freedom can be in your life, this is an episode that shows first hand how much it means to a listener. You don’t want to miss this episode!

How having a positive attitude can actually increase your success and help you overcome roadblocks faster.

How to stay consistent with land deals, especially when you are first starting out.

Why IBC works so well with land deals, and how it can help you reach your financial freedom goals faster.

Sid Christensen

Sid’s career goal has always been simple… to make money. While working various full-time jobs, he started off on his financial freedom journey by learning from mistakes made in investing, experiencing the Dave Ramsey approach, and then finally in 2018, he tested the waters by creating his opportunity fund with whole life insurance. Soon after, the Financial Freedom Formula became clear to him and he chose a passive income path that worked best for his needs; land flipping. He quickly saw over $2,700 a month in passive income, all while working towards spending more time with his kids.

How to be Present W/ Chris Niemeyer

How do we approach the ‘balance’ of family, work and life demands, especially during this tumultuous period in our lives? How can we work to live in the present? Our guest on today’s episode is Chris Niemeyer, founder of Like Minded Travels. Chris is passionate about helping other entrepreneurs and small businesses work more in their sweet spot – to work less and make more. He tells our guests how they can find the balance between work and life so we can spend more time with family. Chris loves to travel and has been to over 40 countries, and he tells our listeners how he still has time for his wife and four children while running a company that books travel for clients like Michael Hyatt, Dan Miller, and Bob Goff. If you’re struggling to find time to live your life outside your business and really live in the present, this is an episode you MUST listen to.

How to know when you’re doing too much in your business and what you can do about it.

Why, no matter what business you work in, there is always time to live in the present.

Why Chris believes you can be an entrepreneur that loves their spouse and kids, but still wants to kill it in business.

Chris Niemeyer

Chris is an entrepreneur, speaker, coach, and podcaster. Chris founded and owns two online travel companies – MissionTravel.org & Like Minded Travels. His passion for missions and travel formed the idea of serving the travel needs of those serving the world. He also helps influencers and leaders create unforgettable travel experiences and live events to deeply connect with their online community.

Your Big Idea w/ John Lee Dumas

How do you get an idea to see explosive growth and find success as an entrepreneur? Our guest on today’s episode is the legendary John Lee Dumas, founder & host of the award winning podcast Entrepreneurs On Fire. JLD explains the three key factors that lead entrepreneurs to success. He talks about finding the RIGHT content for your business and why producing lots of content doesn’t necessarily mean it is the right fit for that person. John explains how our listeners can find their Zone of Fire to maximize their growth and go all in on their ideas. He shows us why so many budding entrepreneurs don’t see success and what they can do to fix that. This is a must have episode if you’ve tried or are trying to get into entrepreneurship and why it’s so important to be All In.

What are the three things every entrepreneur needs to be doing to achieve maximum success

How to focus on the biggest leverage points within your business

Why patience is vital to becoming a successful entrepreneur and how a lack of patience causes many new entrepreneurs to make mistakes.

John Lee Dumas

John Lee Dumas is the host of Entrepreneurs on Fire, an award winning podcast where he interviews inspiring Entrepreneurs who are truly ON FIRE. Dumas is widely regarded as one of the best viral entrepreneur podcasters in the United States, who started his entrepreneurial career in 2012 and has generated over $16 Million in revenue through his podcasts.

Current Events: Coronavirus and the Market Drop

The Dow Jones plunges more than 2,000 points, the largest decline since 2008, as coronavirus fuels market turmoil.” If you’re living in the Wall Street mindset, it might seem like the sky is falling. But on this week’s episode, Joey and Russ want to tell you why this is the perfect wake up call to begin your journey to financial freedom. In these moments of uncertainty and violent swings, they tell you what you can be doing to find passive income and eliminate the stress of seeing red on the NYSE. If you’re tired of riding a financial roller coaster, this episode will help show you what you can do to change that.

Why the Wall Street mindset is the wrong way to think when it comes to retirement.

How you can begin finding methods of passive income that provide real, tangible growth without locking your money into stocks or bonds.

Why now is the perfect time to start questioning what you’ve been taught about investing your whole life.

The Pursuit of Excellence W/ Aaron Walker

Are you currently where you want to be in your life? If you aren’t, what’s holding you back? What are you doing to make 2020 a more explosive and successful year than 2019? If you want to become a must-have expert in your business, personal and spiritual life, a mastermind group will not only help you to become successful but significant. If you feel like you constantly are fighting uphill in your business or can’t find a way to maximize your growth, then this is an episode you MUST listen to.

How to live a life of significance and constantly pursue excellence in both your personal life AND your business.

How anyone can create a mastermind from scratch and find success.

Why it is so important to find the right group of people to hold you accountable, especially when joining a mastermind group.

Aaron Walker

Aaron started his entrepreneurial journey at the age of eighteen when he started his own business. Nine years later, he sold that business to a Fortune 500 company for over seven figures. However, he didn’t feel fulfilled by just selling his business and thought there had to be more he could accomplish. Since then, Aaron has started, bought, and sold fourteen successful companies over the past 36 years. Aaron now works with Iron Sharpens Iron Mastermind, which works to help men grow and be accountable in every aspect of their lives.

How to Create Passive Income with Wholesaling Lease Options w/ Joe McCall

We’ve often heard our listeners ask us “How can you begin investing in real estate without having extensive funds?” The answer is simple: You need to use creative strategies! Our guest on today’s show is the legendary guru of wholesaling, Joe McCall. He had always heard that real estate was a great way to provide passive income, but he struggled to really get it off the ground. When he got tired of spending over $3,000 a month in marketing for his wholesaling business, and throwing away so many leads from unmotivated sellers, he knew there had to be a better way. That’s when he came across the special niche he calls “Wholesaling Lease Options”. As soon as he started implementing his simple, unique system, within 3 months his part-time income had surpassed his full-time income. Joe tells our listeners what wholesaling lease options are, why they are such a powerful tool for providing supplemental income, and how they can automate a majority of the business to sell properties wherever and whenever they want. If you’ve never heard of wholesaling in real estate or don’t think you have the funds to start investing, this is an episode you cannot afford to miss!

What makes wholesaling lease options different from other forms of real estate that we’ve discussed on this podcast before.

How you can begin transitioning from a full time corporate job to making more money by flipping properties part time.

Why it’s important to prove that you can earn some revenue in your new venture before quitting your job.

Joe McCall

Our guest on today’s show is the legendary guru of wholesaling, Joe McCall. Joe has been investing in real estate for over a decade, has sold over a hundred properties, and taught his students to sell hundreds more. Before he started working on his real estate investing business full-time, he had worked for several large engineering & construction companies all around the country.

Life-Changing Moments w/ Dr. Lance Ellis

We like to say that we often compare our financial health to our physical health. We never think we’re in incredibly poor shape, but we know there are areas that we could improve. Our guest on today’s show, Dr. Lance Ellis, began to see the correlation between the two after he had a heart attack in his 40s while on a ski trip with his wife. Dr. Ellis then talks about how he discovered IBC through Joey and Russ and how he is now taking the right steps to secure his financial freedom. This is a great episode for those who think their finances are “fine” and how to turn them into something you can live comfortably off of!

How our mindset can be misaligned for financial freedom and how we think we’re doing all the right things, when in reality we could be approaching them better.

Why thinking “I’m doing fine” with your finances may not be enough to get you where you want to be going.

How to change our mindsets to be more proactive about our financial health, and what we can do to maximize our growth.

Dr. Lance Ellis

Dr. Ellis is a board-certified orthopedic surgeon out of Waco, Texas. He explains how he thought he was doing the right things to secure his financial freedom, but in reality he was just doing what other people had told him to do. Despite his investments in Roth IRAs and 401ks, he discovered two key problems with these investments: the money was almost completely illiquid and the growth rate wasn’t significant.

5 Mistakes New Landlords Make and How to Avoid Them w/ Brian Davis

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ sit down with Brian Davis to discuss 5 common mistakes new landlords make when they begin investing in real estate. Brian describes his goal for others as creating more fluid and easy to grasp processes of automating real estate, so people can reach financial freedom faster. This is a perfect episode for those who are interested in property management but want to avoid some of the common mistakes that many find themselves making when they are just getting started.

Why everyone should start seeing rental properties as a great source of passive income.

What processes you can automate to streamline rental and management tasks and which processes you should keep doing manually.

How to properly assess your progress and recognize if you are on the right track or making careless mistakes.

Brian Davis

Brian is the co-founder of SparkRental, an automated landlord software, and is a nationally recognized rental industry expert. He explains how he began investing heavily in real estate during the housing bubble in 2005, how the market crash left him with dozens of negative cash flow properties, and what he did to rebuild his passive income to over $20,000 a month in rent.

Growing Your Wealth, Power, and Influence w/ Jason Stapleton

What is one of the most important things to have, whether it’s in your personal life or in your business? A strong personal brand. But how do you grow your brand to rise above the noise? What can you do to set yourself apart from the thousands of other voices fighting for attention? Our guest tells our listeners the three steps to strengthening a person’s brand into a successful one, and what they can do to set themselves apart in a sea of businesses. He also explains the best ways people can bring value to their personal brand, what they are missing, and the key thing they need to be doing to see real, lasting results. This episode offers information for growing your brand from one of the best of the business, so you definitely don’t want to miss this conversation with Jason Stapleton!

How to quickly establish trust & likability with your audience and constituents.

What you are doing now that could be hurting your brand growth and how to fix it.

Why having a strong personal brand is vital to creating a successful business or show, especially in today’s saturated market.

Jason Stapelton

Our guest on today’s show is Jason Stapleton, an expert on brand consultation and growth. Jason grew his first company, Trade Empowered, into a multi-million dollar brand and is now one of the largest and most well-respected trading education companies in the world.

7 Ingredients to Becoming a Person of Influence w/ Coach Micheal Burt

Are you tired of chasing people around to find consumers, partners, or investors? What if there was a way to make yourself a person of interest and draw people to you instead? Our guest on today’s episode is Coach Micheal Burt. Nicknamed “The Super Coach”. He explains the four characteristics that every person needs to have in order to become a person of interest and actively draw people to you. Coach Burt also explains the importance of having a coach or a mentor in any endeavor you pursue. He even shows how a good coach can help you earn 3-4x more than those who don’t have a coach. This is an exceptional episode at showing how mastering these techniques and finding a coach that works with you can explode a person’s growth, both in their business and their personal lives.

How to bust through both your business and personal ceilings, and grow your brand as a person of interest.

Why it’s important to go from a person that others say is “nice to have” to a person that others NEED to have.

How to invest in the four characteristics that every successful person of interest has.

Coach Micheal Burt

Coach Burt is a unique blend of a former championship coach with an entrepreneurial mindset. He has quickly become the go-to business coach for aggressive minded companies in competitive and saturated markets who want to look different, run faster, and be agile.

The Prodigal Son of Infinite Banking w/ Jonathan Sanders

We’ve all second guessed ourselves at some point in our lives, especially when it comes to financial decisions. However, is there anyway to go back to a plan after abandoning it? How do we decide what’s truly right for ourselves and our families? Today’s episode talks about a client and friend of Wealth Without Wall street, Jonathan Sanders.He shares his personal journey of being exposed to Infinite Banking, but canceling his policy after only 7 months. He then explains what brought him back to it, and how he determined it was the right decision for him. He calls himself the Prodigal Son of Infinite Banking. He walks through the emotions behind his journey, the doubts he had along the way, and ultimately, the idea that the product is never meant to be the savior, but rather how the product changes you on your financial journey. His story is humbling, eye opening, and inspiring, and if you are someone who struggles with doubts in the world of financial freedom, this is an episode you cannot afford to miss.

How to evaluate the best way to live comfortably while still living within our means and our budgets.

Why it’s important to surround ourselves with people that challenge the way we think about finances and help us think outside of the status quo.

Why change is so important to not only understanding Infinite Banking, but living a life that compliments it and maximizes your returns.

Jonathan Sanders

Turning Your Phone into a Money Making Machine w/ Ann Sieg

What if there were a way to use your phone to generate a profit for you every time you went shopping? What if you could use this method to create a business that passively generates income straight from your phone? Ann and her team have trained over 6,000 people to generate quick cash flow from the simple retail arbitrage method. Many have gone on to buy new homes, quit their jobs, pay off debt, assist family members and enjoy the mobile lifestyle of travel and adventure.. Even if you know nothing about Amazon, Google Adwords, or anything else about online selling, this episode is an incredible listen to get started on using these marketplaces as a means to generate passive income.

How to determine the best products to buy in bulk and sell at a profit online.

When to scale your business to increase cash flows and how to properly scale it to maximize your income.

How to identify the best tools for bringing your business to the top of search engine results.

Ann Sieg

Our guest on today’s show is Ann Sieg and she discusses how to shop your way to wealth by purchasing items in bulk and then sell them for a profit through things like Amazon. She explains that using these services is one of the best methods of cash flow generation. It is also a business that after its initial setup is designed to be hands off, thereby generating passive income.

Stop Trading Time for Money

Are you tired of waking up in the morning and saying I HAVE to go to work today? Do you feel like all of your time is consumed thinking about or working to earn money? Is it easy for you to say I have to do this to ensure you have enough to cover all of your expenses? Joey and Russ sit down today to discuss how people can stop trading their time for money. They break down the financial formula and why maximizing your passive income is the key to finding financial freedom and achieving the flexibility that seems impossible at your current job. They also explain that there are multiple avenues for creating passive income and that there isn’t a one size fits all approach that dictates financial freedom. Finally they discuss what to do with that income once the money starts flowing in, how to maximize that income, and how to properly pay down our debts. This is a crucial episode for any of our listeners that have been asking themselves “How do I finally stop trading my time for money?”

Why passive income is the most important thing when looking to maximize both your time and your money.

How we can earn income today that we can use to grow our assets and increase our passive income.

How to properly pay down our debts and why knowing the correct way to pay down debt is crucial to financial freedom.

Playing the Financial Cash Flow Game in Real Life w/ J. Massey

Should we fear failure as much as we do in today’s culture or should we embrace it and learn from it? J. explains that it’s important to fail fast, fail forward, and fail frequently. Failure is not something we should run from or never expect, but something we should embrace as an opportunity to learn from our mistakes. J. also explains why we should start investments before we feel like we are fully ready because starting an investment now will always be more valuable than starting one later, even if you have a few missteps along the way. This is an incredible episode showing not only the benefit of real estate investments and cash flow, but why it’s important to talk about the low moments in a success story in addition to the financial freedom it can provide.

How to recognize we can often handle more work than we feel like we can and how to embrace that mentality to push ourselves forward.

How our excuses are manifestations of our fears and how they will often hurt us more than any failures we would face moving forward.

How to fully value our time to money ratio and maximize the amount we can be “earning” at any given hour.

J. Massey

J. Massey is our guest on today’s episode and he argues how important failure is to our long term success. In just six years, J. went from selling his possessions on eBay to building an impressive real estate portfolio of over 300 units that includes residential and commercial properties, as well as private notes and mortgages.

What the Wealthy Do With Money That You Weren’t Taught w/ Chris Naugle

Have you ever considered that banks can only make a loan from your deposits? Let that sink in for a moment. Should your deposit be working for you or for them? Today Joey and Russ discuss with Chris Naugle how the wealthy understand this concept and use it to their advantage. Chris explains that he earned his wealth by learning and imitating what the wealthy ACTUALLY do rather than what they tell others to do. This is an exceptional episode for those wondering why financial advisers try to dissuade individuals from alternative investments and the steps you can take to begin building wealth like Chris.

How to get off the perpetual hamster wheel of “earning money” then “feeling broke” and finding actual long standing wealth.

How to secure others’ money to become the bank for any investment you are looking to finance.

What tools the wealthy use outside of Wall Street to secure investments and attain financial freedom.

Chris Naugle

Chris Naugle has dedicated his life to being America’s #1 Money Mentor. His success story includes managing over 30 million dollars in the financial services and advisory industry and tens of millions in real estate business, with over 200 transactions and an HGTV pilot show since 2014.

Journey to Financial Freedom w/ Tal Simpson

On this week’s episode of the Wealth Without Wall Street Podcast, Joey and Russ bring Tal Simpson back to explain how he originally got into real estate investing and how The Infinite Banking Concept was a cornerstone to building his properties. He went from owning zero properties and working a job he disliked to owning over 60 rental properties and creating financial freedom in less than 2 years. This episode is phenomenal for any of our listeners looking to learn the foundational concepts of rental properties, The Infinite Banking Concept, and developing passive income.

How IBC and Real Estate Investing work in tandem to create incredible financial growth and why you should always use IBC when looking into real estate.

How to properly utilize the cash you borrow against the policy to maximize growth in your investments.

How to escape the mindset that we are locked into working a 9 to 5 corporate job and how to find ways to turn what we enjoy doing into success.

Tal Simpson

Tal explains the steps he took once he learned about IBC to build his real estate investments, the mistakes he made along the way, and how he was able to grow his properties in a practical and efficient way. He also tells our listeners how they can learn from experiences like his and what is most important to know when looking to get into real estate investing.

How to Create 6 Figures in Less Than 6 Months With AirBnB

Real Estate is a crucial pillar of wealth when it comes to financial freedom, but what if you don’t want to actively own or manage a property? Brian Page is our guest on this week’s episode of The Wealth Without Wall Street Podcast, and he discusses how he built a business with AirBnB properties. He explains his “formula” that allowed him to earn $117,000 in 6 months and over $300,000 his first year. From there, his business grew to hundreds of properties and since then, he has begun teaching others the same process of renting out on AirBnB. He’s now taught thousands of people who have rented properties in all 50 states and 38 countries. This episode is perfect for our listeners looking to grow their passive income with little to no experience in real estate.

How to create passive income through AirBnB without owning a single property.

How to outsource different tasks when managing properties: from the front desk to maintenance to cleaning up the property between guests.

How to make the idea of leasing properties and renting them through AirBnB a “win-win” for both you and property owners.

Brian Page

Brian discusses his challenges of building passive income without any properties, limited cash in the bank, and terrible credit from a previous business flop. That’s when he discovered leasing properties and renting them through AirBnB. He found a property that cost him $50 a day to rent and he was able to earn $150 to $200 a day by offering it as a nightly rental to guests visiting his city.

The Infinite Banking Concept (IBC) Explained in “Becoming Your Own Banker” by Nelson Nash: Book Review Part 9

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ sit down to discuss R. Nelson Nash’s book, Becoming Your Own Banker, and how its serves as a critical piece in understanding the foundation of The Infinite Banking Concept. They explain Infinite Banking by looking at the story of two sisters buying cars and how, despite using their money in almost identical ways, one sister is able to grow her wealth over $700k more than her sister’s account. Russ and Joey begin to break down how each life insurance policy works like its own business. Similar to starting a business it takes a few years before the the profits/cash values equal the annual outlay. However, these future results are tremendous only if you treat that company properly and use your money proactively. Joey and Russ complete this discussion by sharing a few examples on ways to maximize the idea of making your money work for you. This is an incredible episode for anyone looking to understand the basics of IBC and why so many people swear by it as a method of long term passive income and financial freedom.

How small differences in managing money can result in tremendous growth over others.

How life insurance properties work with IBC and how they can essentially function as their own business.

What the best methods are for managing your money effectively to maximize your cash flows.

Failing Forward to Financial Freedom w/ Mitch Stephen

A lot of times the path to financial freedom isn’t straightforward or without failure. So what do we do when we run into those barriers? How can we overcome challenges in our lives and build successful businesses and investments? Mitch discusses the importance of working through ups and downs along our path to financial success. He also explains that financial freedom is only the first step in a line of creating successful businesses and, while money is a phenomenal thing to have when you get started, it isn’t the only end goal we should be pursuing. This episode is a must for anyone experiencing failure or challenges on their path to financial freedom!

How to find the right people to help you build a successful firm in real estate without having to be a full time landlord.

How failures often teach us vital lessons on how to improve and why Mitch’s own failures led to his success today.

How to find what works best for you when investing in RE and understanding that there is no one size fits all approach when it comes to starting a firm.

Mitch Stephen

Mitch Stephen joins us this week to share his experiences from his latest book which he titled “MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom.” Mitch has been a self-employed RE investor for over 20 years and he began learning real estate at only 23 after reading Robert Allen’s book “Nothing Down”. He has been buying and selling a home or property every 4 days for over 10 years. He explains how he perfected a method of achieving cash-flow without having to be a landlord and creating a business where others do the majority of the work for you, rather than having to invest all of your time managing every detail.

The Path From Zero to 150 Flips in Two Years w/ Steven Pesavento

We’ve talked before on the show how profitable house flipping can be, but what if you want to try flipping properties remotely in states that you don’t live in? Is that even something you can get into, and if so, where would you look to start? Joey and Russ sit down to talk with Steven Pesavento about building a remote real estate business where he flipped 150 houses in states he didn’t even live in. He created this business in just two years! Steven also discusses the importance of good entrepreneurship and how we have to invest in ourselves in order to find the success we crave. Growth isn’t something people achieve overnight and Steven shares his tips on when to push through a difficult moment in your business and when to become more frugal with your spending. This is a phenomenal episode packed with great information that you don’t want to miss! So click the link below to listen now!

How to Steven grew his real estate investments from zero deals to 150 within two years.

How to push through barriers we face and what we can do to maximize our growth.

How to know when it’s time to ramp up your business / team and when it’s time to be more frugal.

Steven Pesavento

Steven now flips over 75 homes a year and works hard to explain how he achieved his success with others. In this episode, he shares several of his secrets for success, including how he keeps his real estate business full of profitable deals, how he follows up with qualified leads around the country while working from Denver, and, most importantly, the strategies he used to get good at closing deals while working for someone else!

Using Your Home to Achieve Financial Freedom w/Craig Curelop from Bigger Pockets

We all know there is no “one size fits all” approach to investing in real estate. So, how do you get started in investing when you have little to no capital? Can real estate be a viable method for young adults looking to start their journey to financial freedom? What if there was a way to use the property you already own to generate passive income? While there were sacrifices to this style of investing, Craig says it was well worth the initial struggles. Two years later, he is financially independent and gone on to do three “house hacks”, a flip in Jacksonville, FL, and lent on a condo-conversion in Boston, MA. Today he is working with BiggerPockets to show others how they can do the same.

What house hacking is, and why it’s one of the best methods for building passive income.

How to get started house hacking, even when you have low income or low savings.

How to find the ideal property in a competitive market and maximize income.

Craig Curelop

Craig Curelop (aka the FI Guy) is a real estate agent, investor, and author. He graduated from Northeastern University with over $90,000 in student loan debt and a net worth of negative $30,000 in 2017. That is when Craig discovered the idea of “house hacking” and how it could help him achieve financial freedom. Craig used various tactics to earn more, spend less, and invest the difference wisely. He rented out both floors of a duplex, including the bedroom he was living in, to earn passive income.

Unlocking My Mind and My Home Equity w/ Garrick McCarty

We all have habits that dictate how we approach different scenarios in life. Financial biases are no exception. Garrick explains his journey of educating himself on IBC and how he had to retrain his way of thinking so he could enjoy having his money working for him. As a long time listener and friend of the Wealth Without Wall Street family, he discusses his experiences becoming familiar with our Community and IBC. This is an episode you definitely don’t want to miss!

Why Educating Yourself in Infinite Banking can be a Game Changer for your Finances.

How We can Become Stuck in our Biases of What We Know.

How to Reteach Ourselves New Ways of Financial Thinking.

Garrick McCarty

Garrick McCarty tells about how he struggled to understand why others were using cash value life insurance to store their cash until he was turned down for a home equity line of credit. His plan had been to pay off his house as quickly as possible, but he learned that when he needed his cash back, he no longer was in control.

How to Create an Automatic Real Estate Business w/ Dustin Heiner

Investing in Real Estate and Financial Freedom seem to go hand in hand with one another. We often talk about just how important Real Estate is to creating passive income and many guests on our show reiterate that point. However, what steps can we be taking to create an automated business that will allow us to generate that income? How do we mitigate the risk of taking that first step into the market? Is this something anyone can really do, even without a background in Real Estate?

Why You Should Learn How to Invest in Real Estate

How You Can Build a Real Estate Business that Operates Autonomously

Where to Find Investment Property Deals Through Websites

Dustin Heiner

Dustin Heiner discovered his passion for investing in rental properties after he was fired from his job. He explains that passive income does not happen quickly, nor is it a get rich quick scheme. It takes time and knowledge to build a profitable passive income business. Dustin is the author of several best selling books including Successfully Unemployed: 16 Real Life Lessons You Must Learn Before You Quit Your Job and Live the Life of Your Dreams.

How to Become A W2 Entrepreneur w/ Nichole Stohler

How do individuals like you and me get ahead financially? How do we build passive income that works for us in more ways than a traditional 401k or W2? Should we even care about a “Plan B” if we love our current job? On this week’s episode of The Wealth Without Wall Street Podcast, Nichole Stohler explains how she and her husband built a real estate investment business as a “Plan B” for their income. Her “Plan B” included building an 8-figure real estate portfolio of rental properties and commercial property investments including multi-family, single-family, and hotel properties. She shows that her properties currently generate four times the annual return of her company’s 401K during the same time-frame. She has dubbed herself a W2 entrepreneur and discusses how anyone can find financial security.

How to create your financial “Plan B” and earn income that works for you.

Where to begin researching different forms of passive income, particularly real estate investments.

Why we need a “Plan B” for our finances, even if our current job is enjoyable and pays well.

Nichole Stohler

Nichole has been in technology sales for 22 years and loves how fast-paced, dynamic, and diverse the industry can be. However, despite the love for her job, she believes we all need a way to create more financial security.

How I Learned to Wholesale 100 Homes a Month w/ Jamil Damji

We’ve all heard self proclaimed gurus talk about how making big money in real estate through flipping properties or wholesale. Yet, how do we begin that journey without getting in way over our heads and suffering a big loss? Jamil Damji started in real estate shortly after moving from Los Angeles. He fell into wholesaling almost by accident, but went forward with deals due to his knowledge in construction. Jamil’s daily passion now is to inspire others to follow their skills and abilities to the best of their ability. You don’t want to miss this important episode!

Why wholesaling is an optimal strategy for creating income.

Where to begin researching wholesale real estate and how we can take our first steps into the market.

How we can recover from a dramatic loss and learn from the mistakes of others.

Jamil Damji

In 2009 Jamil Damji lost everything, but decided to reconnect with his family and make the best of what he had left. He dusted himself off and got back into wholesaling, eventually meeting a group of individuals that would allow him to create a company with over 40 employees that averages over 70 wholesale deals a month.

When Can I Quit My Job? w/ Noah Boren

We’ve all had a time in our lives where we haven’t enjoyed working at our job. For some, it may be behind us, and we now find ourselves in a career we enjoy. For others, it might be a daily struggle just to get out bed in the morning. So should we consider quitting our job to pursue passive income? If we wanted to look into that, where should we start? Most importantly, WHEN should we look to quit our job? On this week’s episode of Wealth Without Wall Street, Noah Boren discusses his experience quitting his job as a postal worker to replace his income and find financial independence.

When the optimal time is to leave a job we hate and how we can replace that income with different strategies.

Where to begin when considering investments that allow us to quit our jobs.

How land-flipping and IBC can form a perfect dual investment option that compliment each other automatically.

What to Do When Healthcare Stops Paying w/ John King

We don’t like to think about unexpected health issues in our family. We often say that “we are too young or physically fit to be thinking about those things” and just push them to the back of our minds. Our health can be something we take too much for granted. So what do you do when an unexpected illness or accident occurs and your insurance says they will no longer be covering you or your loved one? What is the best way to leverage our capital to minimize the risk of being stuck with high bills for long-term care? How do we approach a topic like living wills when we often feel like we don’t need them? Where should we start looking and researching to find the best plans for us and our families?

Why individuals should start thinking about Long Term Care Insurance even if they are “young and healthy”

What the best methods are to approach creating living wills and other forms of long term care.

How to discuss this topic with elderly parents or relatives to ensure they have the best plan in place.

John King

John King is the Founder and Managing Partner of LTCi Plans.

Traylor Lovvorn On Emotional Resilience, Overcoming Addiction & Healing From Within

Achieving success involves so many aspects that go beyond money. It’s also about relationships, mental health and identity. If we don’t get this right, it can submarine our finances and create total havoc in our lives. Many people today are struggling with these other aspects, dealing with addictions, hidden shame and inadequacy. Why are so many men and women struggling with pornography addiction? How do we address our emotions and deal with them at the root? On this special Podcast Movement episode, we talk to the Executive Director of Undone Redone, Traylor Lovvorn, who shares on his life journey of overcoming addiction, learning, growing and healing through a lot of pain.

How pornography is a big challenge for many people

The importance of focusing on the present

Why pain isn’t something we should avoid

Real Estate & The 5 Centers of Profit w/Tal Simpson

There’s a reason why the wealthiest people in the world own real estate: it pays exceptionally well. What are some of the ways real estate can help us create wealth? What are profit centers and how do we lock into them? On this episode, real estate investor, Tal Simpson shares some of the surprising places we can earn a profit in real estate.

Profit centers that real estate provides, will be good for people just starting out in real estate.

5 ways real estate can pay you – he does real estate long term buy and hold.

5 ways – Cash flow, appreciation, depreciation, amortization, inflation

Why Land Flipping Is A Viable Option For Building Wealth And Generating Passive Income w/Mark Podolsky

Real wealth is generated through passive income. While we all know the benefits of life insurance in attaining a passive income, are there any equally effective alternatives? What is land flipping, and what makes it such a great option for generating passive income? On this episode, managing member at the Land Geek and author of Dirt Rich Mark Podolsky, shares how we can reap the benefits of land flipping and how to identify the best markets.

How big money can be found in the least appealing niches

Why land flipping is better when you follow the competition

How to reduce the risk when making land flipping offers

Dominating in Real Estate Investing by Investing in Yourself First w/Marco Santarelli

What This Episode Is About In the game of real estate investing and turnkey real estate, knowledge is power. Why is it so important to educate ourselves before diving into investing? Where can we find the relevant information we need to invest wisely? On this episode, investor, author, podcaster and Founder of Norada Real Estate…

How to Build Wealth Through Car Wash Investing w/Jim Dudley

What This Episode Is About To be a cash flow investor, we need to be in one of three businesses; laundromats, self-storage, or car washes. If we’re thinking of investing in car washes, how do we start, and how should we be structuring our branches? What are some of the challenges we may go through,…

The Entity In “Becoming Your Own Banker” By Nelson Nash – Book Review Part 8

What This Episode Is About There are so many different types of life insurance, that sometimes it can be difficult to work out which is best for you. Does it make more sense to take out a whole life policy, or is term life insurance more appropriate? Which is cheaper, and which will give you…

How to Build Passive Income With Short-Term Rentals w/Megan McCrea

What This Episode Is About Alongside convenience, platforms like Airbnb have become popular thanks to their options for reviews. We have to make sure we’re offering a service our market wants, and be willing to go the extra mile. Even if we’re not willing to put in the extra work yourself, we should consider hiring…

How to Fail Forward in the Age of Integrity w/Jeff Schechter

What This Episode Is About As business owners and passive investors, it’s important to remember we won’t become successful overnight. What lessons should we be learning along the way? How can transparency improve our business? On this episode, CEO and co-founder of High Return Real Estate, Jeff Schechter shares the mistakes he’s made and the…

Human Problems in “Becoming Your Own Banker” by Nelson Nash— Book Review Part 7

What This Episode Is About A lot of the teaching resources on finance focus solely on technical aspects. What other factors are involved in generating wealth? How can human problems impact our journeys to success? On this episode, we discuss the human problems Nelson Nash identifies in Becoming Your Own Banker. Mentioned In This…

How to Become Recession-Resistant by Investing in Self-Storage Real Estate w/Steven Libman

What This Episode Is About Commercial real estate offers great opportunities for passive investment, but not all real estate is created equal. Which space should we be investing in? How can we identify an appropriate market for our investments? On this episode, Managing Partner at Integrity Holdings Group, Steven Libman, shares his experience with the…

Moving from Active Income to Passive Income with Jack Gibson

What This Episode Is About We all want to build wealth, but sometimes we need to be pointed in the right direction for the process. Where should you start on your journey to build wealth? How can real estate help you accomplish your goals? Should you invest everything into your business once you decide to…

How to Get Started with Turnkey Investments w/Terry Kerr and Liz Nowlin Brody

What This Episode Is About One of the best ways to create a passive income is through real estate. What are turnkey investments, and why might they be a great option for you? How do you maintain a turnkey investment property? What advantages do they offer? On this episode, Terry Kerr and Liz Nowlin Brody…

Passive Income Through Private Lending with Ray Burkhalter

This Episode Is About Taking over the banking function for yourself and your family is a rewarding experience, but it’s not risk-free. What do you need to know about private lending before getting started? How can you avoid making mistakes as you become your own banker? What steps can you take to ensure that…

Creating Your Own Banking System Through Life Insurance in "Becoming Your Own Banker" by Nelson Nash- Book Review Part 6

This Episode Is About We’ve talked a lot about becoming your own banker, but what system or set of principles can get you there? Is it possible to become your own banker immediately? How can you create your own banking system that ensures a great legacy, rather than immediacy? On this episode, we’re explaining…

Creating a Bank in "Becoming Your Own Banker" by Nelson Nash- Book Review Part 5

The Problem in “Becoming Your Own Banker” by Nelson Nash— Book Review Part 4

The Pursuit of Optimal Health with Tom Nikkola

What This Episode Is About By now, most of us are aware of how much misinformation exists on wealth creation. But what about the information we hear about other parts of our life, like our health? How can you cut through the noise and adopt a healthier lifestyle that you can sustain? Which core fundamentals…

Why Should I Pay Interest to Borrow My Own Money? in "Becoming Your Own Banker" by Nelson Nash- Book Review Part 3

No matter what your business specializes in, you should be applying the example Nelson Nash gives of the grocery store. If you understand the grocery store, then learning how to Become Your Own banker is a piece of cake. Is there an easy application? On this episode, we’re unpacking pages 15-16 of Becoming Your Own Banker and why you should be paying interest to borrow your own money. Mentioned In This Episode: Nothing happens overnight. Don’t get caught up in how long it takes to turn a profit Stock your shelves with life insurance policies Treat your finances like a business

Will There Be a Recession Soon? An Economist Discussion on What to Look for and How IBC Is a Great Solution to Weather the Storm w/Dr. Bob Murphy

For years, we’ve seen a steady rise in the markets. While this is favorable in the present moment, we have to consider when we’ll see an inevitable crash. What are some of the indicators that a recession is imminent? Where should you invest in preparation for a possible crash? On this episode, author and economist Dr. Bob Murphy shares his predictions and advice. Mentioned In This Episode: Why you should be wary of a boom period The relevance of the inverted yield curve Where you should be investing ahead of a recession

Dr. Bob Murphy

Throw Out Your Will and Start Over with an Entrusted Plan w/Andrew Howell

Modern estate planning is inherently outdated. How can you find an effective way to plan your estate, that works in our current market and society? How do you assist your family after you graduate from this life- without passing on unharnessed wealth? On this episode, Managing Partner and co-founding attorney at York Howell & Guymon, Andrew Howell is here to share how you can plan your estate efficiently. Mentioned In This Episode: The dangers of unharnessed wealth The importance of having core values as a family Why you need to allow for your children’s individuality

Andrew Howell

How to Build a Strategy to Pass Down Information and Assets to Your Family w/Aaron Chapman

We’re often told that we should make provisions for our families after we die, but most of us start this process too late. When is the ideal time to plan your family’s financial future? How should you go about this process, and what are some important things to know? On this episode, Aaron Chapman returns to the show to discuss how you can pass down wealth to your family for generations to come. Mentioned In This Episode: Why your family should have a plan if something were to happen to you How to get your kids involved in handling some of your affairs now so that they’re prepared The importance of a ‘bloodline trust’, and what it means for your legacy

Aaron Chapman

The Role of Imagination in “Becoming Your Own Banker” by Nelson Nash— Book Review Part 2

Too many people are stuck in the cadence of life and have shut off their imagination, acting as mere robots. When you think of the most successful people you know, how many of them lack imagination? How can you tap back into your imaginative abilities after years of suppressing or ignoring them? If you could only spend the money that was produced by a pool of money you managed how well would you live? On this episode, we’re reflecting on page 14 of Nelson Nash’s Becoming Your Own Banker. Mentioned In This Episode: The importance of utilizing your imagination, and the cost for not having it Why you need to carve out time to think How to break out of the cycle and gain a new perspective with your money

The Disciplines Required for Becoming Your Own Banker by Nelson Nash— Book Review Part 1

Though we’ve received so much inspiration from Nelson Nash, we’ve never given a review of his book, Becoming Your Own Banker— until now! Why is it so important to become your own banker? How can you go about creating your own wealth? On this episode, we discuss Nelson Nash’s legendary book and the powerful concepts it presents. Mentioned In This Episode: Why you must understand how banks work, and remain hands-on with your money The power of cash flow, and how it can allow you to be your own banker Why seeking a coach will help you on your financial journey

The Holy Grail: The Art of Creating a Passive Business w/Justin Harris

A lot of us are excited to generate passive income and build businesses off of that desire. What happens when you actually start your business? How can you give yourself freedom while growing your business? When and how does the income become ‘passive’? On this episode, we’re speaking with business operations guru, Justin Harris. If you’re a business owner, or thinking of becoming one, you don’t want to miss this episode! Mentioned In This Episode: Why you have to clarify what you want out of your business The importance of understanding the problem your business is trying to solve How to build a business that frees you, rather than burdens you

Justin Harris

Creating Income In Retirement Through Reverse Mortgages w/David Karcher

People in their 40s and 50s are sometimes referred to as the ‘sandwich’ generation— caught between supporting their children and their elderly parents. What can you and your parents do today to ensure they are financially sound in their retirement? Are solutions like ‘reverse mortgages’ too good to be true? On this episode, we’re joined by David Karcher, a mortgage banker at FirstBank. David is here to explain what reverse mortgages entail, and how they could benefit your parents and yourself. Mentioned In This Episode: Why you should encourage your parents to consider a reverse mortgage in their retirement Reasons to set up a reverse line of credit What the “due and payable clause” actually means for a homeowner or their heirs

David Karcher

Leaving a Legacy: In Memory of Nelson Nash

Last week, the legendary creator of the Infinite Banking Concept, Nelson Nash, passed away at the age of 88. His life was full of experiences where he focused his time thinking, learning, and teaching. What lessons did we learn from him? What can we do to ensure we live our lives as successfully as he did? On this episode, we share some of our favorite memories of Mr. Nelson Nash.

Why Managing Retirement from an Investment Portfolio Is Inefficient w/Wade Pfau

In the 1990s, the ‘4% rule’ promised to keep people afloat during a 30-year retirement, but now things have changed considerably. Why is the 4% rule less relevant now? What are the alternatives you can use today? On this episode, author and Professor of Retirement Income, Wade Pfau, shares why we should rethink the 4% rule and some other retirement strategies we’ve grown accustomed to. Mentioned In This Episode: Why we need to rethink traditional retirement planning methods Better tools for retirement income Why your investment advisor isn’t happy about this new information

Wade Pfau

Think Like an Investor w/Aaron Chapman

When it comes to buying investment properties, what should we be thinking about and prioritizing? Who should we have in our corner assisting the transaction? How can we apply the concept of learning from mistakes to our business? On this episode, we talk with Aaron Chapman, an investment mortgage veteran, to get his advice on how to approach opportunities in property investment. Mentioned In This Episode: The people and tools you need to be successful with property investment Why investing in real estate is more like moving money than spending it Why shifting away from traditional banking will protect you from Wall Street— and your own habits * The importance of having the mindset of a business owner

Aaron Chapman

Opportunity Zones Unmasked

The quest for financial freedom is a complicated one, especially when so-called “incentives” threaten to undermine your control of your own money. How can you be sure you’re not falling into a trap? What can you do to identify schemes aimed at using your money to make someone else richer? On this episode, we discuss how easy it is to be bamboozled and how you can keep it from happening to you. Mentioned In This Episode: Beware of government-created plans For any investment, always consider who the owner is Pay attention to the language of the offer or contract * Wherever you decide to invest, make sure you are always the one in control of your money

Equity in a House vs. Equity In An Infinite Banking Policy

One of the biggest questions people have about building wealth is how they can go about creating equity with a house. Is it a wise strategy to build equity by making extra payments to the bank? How can you employ a life insurance policy to get the best of both worlds? What are the differences between building equity in a house through a bank vs. using the Infinite Banking policy? Mentioned In This Episode: How to reduce the risk of payments to the bank The downsides of a home equity line How to effectively build equity with an IBC policy * Why the key to building wealth is a different perspective How Joey is applying the equity concept to running 100% of his income and expenses through his policies!

An Entrepreneur’s Journey with Infinite Banking w/Genny Williams

Every entrepreneur knows that no matter how many sales we’re making, there will always be bills to pay. This is a huge challenge when money isn’t flowing in. How can Infinite Banking help if you find yourself in that position? Why should you intentionally have a system to manage the ups and downs of cash flow? On this episode we’re joined by Genny Williams, a top-producing agent, broker, and owner of X-tra Living at eXp Realty in Birmingham. Genny shares how implementing Infinite Banking has positively impacted her business and her life. Mentioned In This Episode: The importance of taking care of your business and employees How your Infinite Banking accounts can keep you from reckless spending Why you shouldn’t only focus on your business * Making financial decisions that will increase our freedom

Genny Williams

A Conversation with The Top Minds in the Infinite Banking Community

We hear about the success stories of those using the Infinite Banking Concept, but often forget that the people behind the success are very much like us. Did they ever have the doubts we may be having now? Do they have any regrets that we could learn from? On this episode, we speak to a range of IBC minds who have found major success and want to inspire you to do the same. Mentioned In This Episode: Why you should start as soon as possible The reasons to “go big” (or as big as you can) * The importance of life policies for your kids How IBC can be utilized without high risk

Leverage the Power of Community

A sense of community is a powerful force in bringing people together. Whether through family, friends, church, or something else, most people have some sort of personal community that they are a part of. How can we use the same spirit of community to our advantage in our business? On this episode, we discuss how you can apply community values to your business network. Mentioned In This Episode: How to introduce yourself and become a part of a community * The first step you can take towards surrounding yourself with likeminded people who can support your endeavors * How to respond to new people in your community * The importance of finding an accountability partner

Invest In Your Business: Best Practices for Attending Events & Masterminds w/Jason Will

One thing that makes a huge difference both in business and our personal lives is our willingness to commit to lifelong learning and self-improvement. Why is it important to attend live events? How do we make sure we’re getting the most out of our event attendance? How do we avoid getting overwhelmed by all the information? On this episode, Jason Will shared how he went from being ego-driven to learning-based, and why he invests so heavily in events and personal development. Mentioned In This Episode: Why entrepreneurs (mistakenly) avoid events How to invest in self-improvement, even at a low cost * Why continued learning is so important for success Why we get more out of events when we pay for them * The importance of humbling ourselves to receive new information * Why we should aim to come away with one solid concept or process that can change our lives.

Jason Will

Using IBC to Build a Real Estate Empire w/Mike Kelley

Once your life insurance policies have been set up, it’s still important to maximize the use of your money in other ways. How can you use property management as a vehicle for financial freedom? How can we build a system that can be scaled, allowing us to stop trading time for money? On this episode, we talk with Mike Kelley who shares how he is building a real estate empire and the systems he has put in place to make it happen. Mentioned In This Episode: The necessity of specialized knowledge The difference between being busy with a purpose and being distracted How to move from employee to owner/investor Why we must do our due diligence with tenants * How to invest in a way that brings in stability and predictability of income * The importance of hiring someone to take on the tasks we’re doing so we’re not trading time for money * How to move into true investor status

Mike Kelley

The Hierarchy of Wealth

When it comes to financial products, there’s always someone vying for our attention, and it can leave us unsure of what steps to take. What is the process we can follow to be sure we’re making good decisions? What should our jumping-off point be when we’re trying to get financial freedom? How do we know we’re out of step or out of balance? On this episode, we share the 4 tiers of financial freedom and building wealth. Mentioned In This Episode: Why simple processes encourage action The very first step we should take How to get freedom through collateralization * Why having a plan reduces stress

The Power of Referrals & How to Build an Army of Brand Ambassadors w/Michael J. Maher

For many salespeople, building a business on referrals seems difficult or impossible. What are the primary challenges that make it hard for them to do it? How can you tell whether you’re attracting referrals or repelling them? How do we build a culture of referrals in our businesses? On this episode, we are joined by author of 7L: The Seven Levels of Communication, Michael J. Maher, to talk about building a business on generosity and getting more referrals. Mentioned In This Episode: Why people struggle with getting referrals * The key to earning and attracting referrals How to build an army of salespeople in our market Why a referral strategy is better than marketing * The importance of basing our interactions on love, generosity, and appreciation Free Tax Strategy Webinar: If you want to learn more about the tax strategies discussed in this podcast, register for this free webinar. We’ll take a deep-dive into the various ideas shared and even show you how to factor your estimated tax savings. You won’t want to miss it!

Michael J. Maher

The 5 Pillars of Wealth Without Wall Street

As entrepreneurs, we put a lot of work and effort into our business. However, when it comes to our savings and investment plans, many of us stick to the bare minimum. We play it safe. How can we build the kind of financial independence that supports our business and our…

How to Reposition Your Tax Deferred Assets in a Rising Tax Environment w/ David McKnight

There’s a freight train of tax bearing down on your 401k, and a limited amount of time in which you can act to avoid your assets getting hit. What strategies can you use to take your assets off the train track? How can you take advantage of the tax rates…

Paying for College Using IBC

Millions of parents have the goal of paying for their kids’ college, and 529 plans are all we hear about when it comes to saving up for it. What are some of the flaws of the government plan, and are there better options? How can we make the right decisions…

Insights on Building a Mega Business w/ Monique McLean

Every entrepreneur has had to experience a failure at some point, and that can come with a lot of baggage. How do we make sure fear of failure doesn’t hold us back from the next idea and opportunity? What does it take to get that first 1,000 subscribers and customers?…

Got Profit? Take it First w/Mike Michalowicz

Entrepreneurs are commonly taught that profit is the last thing they should take out of their business. What is the “profit first” model, and how does it actually make businesses grow and increase innovation? Why do businesses that adopt the profit first model consistently outperform competitors? How do we transform…

Buying Life Insurance Policies On My Kids

Our last guest, Dr. Jim Smith, talked about the importance of educating his children and grandchildren on the way he set up life insurance policies in their name. We thought it would be great to expand on that. How do we build legacies and create future wealth for our kids?…

How to Create Business Opportunities & Generational Wealth Through infinite Banking w/ Dr. Jim Smith

When our guest read Becoming Your Own Banker and realized all the principal and interest going to other entities, he was shocked— and it led him to make changes. What are some of the things he’s been able to do in his business and for his children and grandchildren? How…

Look Up.. The Tax Train is Coming!

A major rise in taxes is inevitable in a country flooded by debt. In the end, the government will have to pay off the debt, and the only way this can happen is by increasing taxes. How much could taxes potentially rise? What has history taught us about taxes and…

This Girl is On Fire! How Michelle Schroeder-Gardener Went from a Cubicle to $100k a Month

Many argue that blogging is no longer profitable, but our guest is the living proof that blogging is still in its blooming phase. In this episode, Michelle Schroeder-Gardner talks about how she paid off her college debt and started a blogging business that now earns over $100k per month. …

Real Estate Expert Says DON'T BUY Real Estate Today!!! W/ Brian Trippe

Timing and risk management are everything in real estate. Fortunes are made just by being in the right place at the right time. How can we measure the pulse of the real estate market? When is the best time to buy? And what are the practices that can help us…

Have Your Cake and Eat It, Too: The Benefits of Multiple Life Insurance Policies

Most of us save money, only to let our savings sit there. Is there a way to increase our interest rates and get tax benefits on our current savings? Why is it important to avoid investment situations where the use of our money comes with fees? And what are the…

Avoid These Pitfalls on Your Journey to FIRE

Many “technicians” love the idea of more freedom in their lives. Yet when they start a business, they realize there’s even more work to be done in order to generate an income for themselves. What did the FIRE movement get wrong about inflation and taxes? How can using a dividend-paying…

Here's a mistake I'm making, and I bet you are too! Inspired by the FIRE Movement

There’s a new movement sweeping across America called FIRE (Financial Independence, Retire Early). They are conquering one of the biggest enemies of financial security: overspending. How can we become more aware of our spending habits? How can we spend less without sacrificing aspects of our lifestyle that we love? And…

The Right Way to Begin Consulting or Selling Digital Products w/ Jereshia Hawk

Putting together a course or a digital product that creates a passive stream of income is every online business owner’s dream. Yet many entrepreneurs lose a lot of money creating products that have no demand. How can we make sure there’s a demand for what we offer? How can we…

Lessons for Building a Successful Business and a Happy Life w/ Jim Cavale

Building a business from scratch requires emotional resilience and the ability to deal with rejection. What people should we surround ourselves with, and how does that impact our success? What models of revenue work best? Is expansion the only way to grow? In this episode, Jim Cavale shares how he overcame obstacles…

The Keys to Having a Turnkey Rental Property Portfolio w/ Lindsay Davis with Spartan Invest

Investing in rental properties can be an effective way to create passive income, but it comes with a lot of challenges. How can we invest in rental properties without all the hassle? What would a turnkey solution for rental investment look like? In this episode, Lindsay Davis of Spartan Invest…

How to Grow Great Leaders in Your Company w/ Cord Sachs

Most businesses don’t start investing in their leaders until they realize growth isn’t possible without leadership. How can we create a workspace that maximizes the skills and talents of our employees? Why is it important to invest in our own personal development? How can sharing our background stories with each…

Gold: An Investment Worth Its Weight w/ Peter Hug

With any investment, we need to understand what can happen during the worst case scenario, and how we can still make a profit. How is investing in gold different from any other types of investment? How can we protect ourselves from losing money? How often should we make tweaks to…

How to Become More Efficient with Your Money & Avoid Losing Compound Interest w/ Caleb Guilliams

We’re often told to diversify our portfolio, invest more, and wait for compound interest to add up in order to increase our wealth. Why are there many cases in which compound interest doesn’t make us any money? What expenses are we missing? Why is it important to be in control…

How To Write a Brand Story that Builds Instant Trust & Attracts More Clients w/ J.J.Peterson

Storytelling is a powerful way to connect with people, but it can be confusing for business owners who have never used it before. After all, what stories should we tell? Should we talk about ourselves, or about what we do? How can we tell a story in a way that…

Flipping Land, Not Houses w/ Mark Podolsky

Everyone dreams of building passive income and stepping away from the grind. Is it possible in the investing world? What makes investing in niches so profitable? What does it take to outsource every step of the process to a team? In this episode, Mark Podolsky, “The Land Geek” shares his…

Why You Should Not Cancel Your Whole Life Policy

It’s not uncommon to be told we’re paying too much for life insurance. Everyone wants to feel like they’re getting a bargain, so the temptation of paying less is quite high. Why is this a mistake? What are the ways in which you can actually get a return on investment…

How Podcasting Can Increase Your Reach: Building Business Connections

Many business owners have the expertise and talent to make it big, but lack the reach and connections to do so. How can a business owner get more online visibility and cut through the noise? What is one of the most entertaining and attention-grabbing ways to deliver content? How can you use…

The Importance of Coaching and Overcoming Our Liming Factors with Kitty Barrow

Throughout our business growth, it’s important to evaluate when, and where, changes are needed. Regardless of your current level, everyone can benefit from coaching or mentoring to help you see the places where you can improve– especially when you may be blind to some of the problems! What are some…

Untold Opportunities of Stepping Outside of the Fence with Jamey Reynolds

We all have hobbies. Hobbies can relax us, let us express our creativity, or help us release stress, but can they also bring in passive income? We’re exploring this topic with our guest, Jamey Reynolds. Jamey has challenged the conventional wisdom as it relates to hobbies, and he’s brought us…

10X Mind Expander for Entrepreneurs

We’re very excited about the topic of this week’s podcast episode as it aligns perfectly with what we talk about every single day with our clients; growing and expanding your business and finances. If you’re not growing, you’re shrinking. The statement above, which we firmly believe in, can be applied…

Corbitt Chandler: A Digital Marketing Master. Message, Media, Market.

On this podcast, and in our business, we’re all about building value and this week’s guest is providing a ton of valuable information about digital marketing. “Digital marketing” is a term you’ve probably heard quite a bit over the past several years, but there’s still a lot of confusion around…

Networking to Build Your Business

If you cringed when you saw the word “networking” in the title for this week’s episode, you’re definitely not going to want to miss it. We get it. A few years ago, we were just like you. The idea of going to another networking event just to exchange business cards…

Investing in Mobile Home Parks as Passive Income with Andrew Lanoie

This week’s guest, Andrew Lanoie, undoubtedly knows more celebrities than any other guest we’ve had on the show so far. As a former Hollywood talent agent, Andrew’s worked with artists like Peter Frampton, Styx, Dennis Miller, and Whoopi Goldberg … just to name a few. However, it’s what led Andrew…

Nelson Nash Family Bank with R. Nelson Nash

In Nelson Nash’s previous appearance on the podcast, he talked about the genesis of his Infinite Banking Concept. In this episode, Nelson is expanding on the concept of family banking. We’ve talked about this particular topic on the podcast before and we’re excited Nelson is here to break down exactly…

Don't Run out of Money! Avoid the Biggest Pitfall in Retirement

With less and less companies offering pension plans, and the fact they’re not actually as great as they seem, what can you do to make sure you don’t run out of money during your retirement? Unfortunately, this is a very common occurrence and it’s entirely possible that it can happen…

The History of the Infinite Banking Concept with R. Nelson Nash

Unless this is your first introduction to us or the Wealth Without Wall Street podcast, you’ve heard us mention the Infinite Banking Concept and/or it’s creator, Nelson Nash. Well, we’re beyond excited to finally bring you the man himself in this week’s episode. Nelson’s Infinite Banking Concept literally changed our…

Farming Without the Bank with Mary Jo Irmen

Our guest this week is Mary Jo Irmen. She is the author of Farming Without The Bank and that’s exactly what we’re discussing today. If you’re a farmer or rancher, listen to this episode immediately. If you’re not either one of those things, you’ll still find some valuable information in…

Crypto Mining Computers as Passive Income

A few months ago we couldn’t even spell “crypto” and now we’re investing in crypto mining computers? Have we lost our minds?! We always say you should invest in what or who you know and, while we didn’t know anything about crypto mining, we did know the CEO of Divvy…

Why I Cashed out My IRA and Never Looked Back….

There isn’t a week that goes by where someone doesn’t ask us about qualified plans and what they should be doing with them. Now, I’ll give Wall Street and the government credit; their marketing is spot on. “Qualified”sounds great, doesn’t it? You know what doesn’t sound great? Not having access…

The Government is Keeping you from being Wealthy! with Dr. Paul Cleveland

Dr. Paul Cleveland is an Economics professor and international speaker who’s here to really unpack the problems that are keeping people from financial freedom; including how the government is involved. Paul has been using the Infinite Banking Concept since the mid-90’s and is one of Nelson Nash’s original clients. One…

How to Benefit from Paying Taxes!

It’s not exactly a stretch to say business owners dread writing that check to the IRS come tax season. It’s always a little painful and sometimes a little infuriating. However, as you know, we like to challenge the norm around here. So, today, we’re going to challenge you to stop…

The DEBT Dilemma: Embrace the Tension

We’ve all been conditioned to feel compelled to pay off our debts as quickly as possible, but is that actually the right choice? In this episode, we’re discussing the hotly debated topic of whether we should use our cash to pay off debt or whether we should keep it available…

Opportunities Find CASH

We’ve got a new co-host! Ernie Brown joins the crew to lend his unique, wise, and humorous insights into today’s topic; using cash to take advantage of opportunities. The traditional Wall Street mindset is to keep your money locked up and let someone else utilize and control it. Of course,…

Emotional Investing: The Stock Market Roller Coaster

We’ve all seen the devastating effects of a market crashing. It causes people lose their money, houses, jobs, and families. So, why do people still continue to invest in the stock market? People who sell stocks really do have it down to an art. They play on your emotions and…

Balancing Life, Business, Franchises and More with Ashley Kaple

Ashley Kaple is a mother of three young children and the franchise owner of 13 McDonald’s locations with over 1,000 employees! In this episode, Ashley talks about how she was introduced to entrepreneurship by her parents at a very young age, the struggle of finding the balance between being a…

Windfalls – I Wish I Had Started 20 Years Ago!

Reaping the benefits of money that’s been working for you for 10-30 years is like being handed the keys to a business that’s been successful for the same amount of time. What entrepreneur doesn’t dream of that situation? While we’re not diving into how to take over a profitable company…

Teaching Your Kids About Finance and Economics: Interview with Connor Boyack

Connor Boyack is the President of the Libertas Institute and The Association for Teaching Kids Economics. While those credentials alone are incredibly impressive, we’re not going to be talking about either one of those organizations today. In this episode, we’re talking with Connor about his widely successful series of children’s…

Takeaways from: The Power of Consistency by Weldon Long

In this week’s episode, we’re talking about our main takeaways from Weldon Long’s book, The Power of Consistency. Weldon is a high school dropout, father, three-time convicted criminal, and was featured in INC. Magazine as one of the fastest growing companies in America just three years after starting his business.…

Dave Ramsey is WRONG

In this week’s episode, we’re not holding back when it comes to a very popular, and false, article from Dave Ramsey. We use cold hard math to illustrate exactly why Dave is wrong when he says cash value life insurance policies are a bad financial decision. To be clear, we don’t have anything against Dave Ramsey, we just can’t ignore he has his facts wrong in an article that is, unfortunately, frequently shared.

How Does Tax Reform Affect Me? with Clay Hagler, CPA

In this week’s episode, we’re fortunate to have CPA extraordinaire, Clay Hagler, on the show to help us make a little more sense of the recent tax reform; which is the largest one in decades. There’s a lot of confusing on it at the moment and Clay explains what deductions…

Bitcoin and the Potential Stock Market Crash with Economist Robert Murphy

Robert Murphy, PhD, is an Economist, a Research Assistant Professor at the Free Market Institute at Texas Tech University, the co-author of numerous books, and the host of two different podcasts. In this episode, we talk about whether or not the stock market is getting ready to crash, should we…

The Greatest Overlooked Passive Income Opportunity: Family Banking

What would it look like if you could both grow and maintain wealth within your family? Unfortunately, as we discussed in Episode 13 (listen here) Wall Street has separated us from our wealth and encourages us to take the easy way out by leaning on banks for lines of credit and loans. They have…

5-Steps to Becoming Your Own Banker

What does BECOMING YOUR OWN BANKER even mean? Why would anyone need to be their own banker? The terms “infinite banking concept” and “becoming your own banker” are passed around often as it relates to financial planning. At its core, Infinite Banking revolves around properly structured whole life insurance policies and utilizing the…

A Road Map to a Richer Legacy

Often times we’re told, “you’re not a billionaire…why would you worry about building a legacy”? It’s not just about the money left behind. Legacies can be left on all levels and can be extremely simple (i.e. Brandon’s socks in today’s episode). As entrepreneurs, we want to be remembered, honored and respected. We…

Which Generation Can Gain Financial Freedom Quickest?

Which generation do you think can achieve financial freedom quickest? The Millennials? Gen X? Or Boomers? It comes with no surprise to know each generation has its own set of needs, wants and desires. Let’s list out a few of them for each generation. This will help you determine an opinion of your own on…

Robert Kiyosaki’s Cash Flow Game in Real Life

Do you agree that sometimes the simplest way to learn things is to simplify them as best possible and begin understanding there? In 2016, we discovered a game that changed (really more confirmed) our perspective of financial coaching. It’s called The Cash Flow Game and it was created by real estate tycoon, Robert Kiyosaki.…

Debunking the 15-year Mortgage Myth

In episode #09 of the podcast, we covered the monstrous benefits of compounding interest (you can tune in to the episode here). If you understand compounding interest you understand the importance of selecting how to fund life's major purchases (like a home). There are many creative mortgage products out there… Fixed Rate vs. Adjustable Rate…

Take Advantage of Compounding Interest Like This

Would you argue that paying cash for a car is better than taking out a car loan at 2.5%? Of, course you would! It makes sense. Plain and simple. No ifs, ands or buts about it. However, if you are a loyal Without Wall Street follower you know we are going to challenge…

Health Sharing 101- Your Affordable Alternative to Health Insurance

Unfortunately for those who are forced to pay out of pocket health insurance costs, premiums have soared since the Affordable Care Act was initiated. Obamacare has led to dramatic premium hikes over the last 5 years… A few 2017 city increase averages include: Birmingham, AL: 71% Nashville, TN: 49% Phoenix, AZ: 145% …

The 401k vs. The 401 La(k)e House

Imagine it… A beautiful May morning. The sun is reflecting off the lake, onto the dock and into your window while its shadows dance on your vaulted ceiling walls which play stage to their performance. The dew is still on the grass and your 9am coffee just warm enough, but not too hot.…

How to Keep Top Employee’s Without Paying Them More

As a business owner, you want more than anything to be successful. You also understand that it would be impossible to reach true success without phenomenal employees. With that in mind, it is vital you have the capability to not only recruit, but also keep top talent. According to Bloomberg, 45% of businesses with fewer…

The Perpetual Passive Income Machine

Who is Santé Real Estate Investments? The Perpetual Passive Income Machine : A Proven 4 Step Process for Putting an Extra Paycheck in Your Pocket Every 30-Days. The title of the Founder and managing partner of Santé Real Estate Investment’s book embodies exactly what we are all about at Wealth Without Wall Street. SANTÉ Realty…

Creating Massive Passive Income from Whole Life Insurance

How can you get started creating mailbox money? As in, what assets can you buy that spin off cash into your pocket each and every month without you having to work to produce it. That is called passive income and it is one part of the formula to financial freedom. The formula to…

Personal Story on Private Lending via Hard Money Lending

Many people see lending as a very scary or intimidating opportunity. However, lending is truly the one institution that will never go out of business. Everyone will always need cash. Hence the reason the nicest building in every town is owned by the bank. It doesn’t have to be scary or intimidating. Join Joey Muré,…

Controlling Your Wealth Without Wall Street

The Emotion Alongside Wall Street: Why do people subject themselves to the ups & down’s & emotional drain that is Wall Street? It truly is emotionally draining. Don’t believe it? Wait until the market is up & everyone around you is preaching “Buy, Buy, Buy!” You may feel the pressure to buy only for the…

In the Grips of the Wall Street Mindset

The truth is, Wall Street needs you to live your financial life according to their rules. You won’t find the “Wall Street mindset” as a term in a Webster’s dictionary. Rather, it is a collection of idea’s that we as consumers have been told so many ...

This Isn’t Your Everyday Advice or Money Podcast

The results of this show: This show truly is the culmination of all three of your hosts’ personal stories, wisdom, and experience in the discovery of building Wealth Without Wall Street. Are you ready to meet your hosts and primary financial educators, Russ Morgan and Joey Muré?