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!

--- 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 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

--- 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 - 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.

--- 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.

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.

--- 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.

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/