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

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

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

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

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

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

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

Matt

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

Round Table | How to Talk with Your CPA About IBC

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

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

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

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

Passion is a critical factor in becoming successful

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

Kevin

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

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

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

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Our Passive Income Report - June 2021

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

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

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

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

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

Design the Life of Your Dreams with Steve Cavanaugh

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

It is possible to design the life you want to live

Living a fulfilling life means helping others and nurturing relationships

Having a vision is crucial for living your dream lifestyle

Steve

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

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

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

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

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

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

Aim to earn passion income instead of retirement income

Put your money in your OWN bank

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

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

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

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

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

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

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

Failure is not your enemy

The best way to learn something is to work with mentors

Alex and Leila

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

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

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

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

The Value of Mentors with Gabrielle and Thomas Caucutt

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

Finding your WHY and making sure its something bigger than you

Why you should teach your kids that money matters

How you can achieve more by working with a mentor

Gabrielle and Thomas

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

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

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

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

Our Passive Income Report - May 2021

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

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

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

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

Why You Should Consider Wholesale Real Estate with Jamil Damji

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

How to bounce back from setbacks

What you can learn from wholesaling real estate

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

Jamil

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

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

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

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

Living the Monopoly Dream Tal Simpson

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

Invest in yourself, take action, and learn by doing

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

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

Tal

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