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