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.