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.

--- 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 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