Round Table | This Will Save You Taxes

“It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” This famous quote by Robert Kiyosaki appropriately describes today's conversation. How much of our hard-earned money do we get to keep when a massive chunk goes to the government? What can we do legally and ethically to minimize our tax liability to allow us to have more money to use for wealth-building activities? Today's conversation will give you the answers.

What can you do to reduce your tax liability?

How to unlearn old beliefs and learn new ones that will allow you to have more financial flexibility

The benefits of paying less taxes and getting more of your money to work for you

The Active Income vs Passive Income Dilemma

Passive income sounds amazing, but is it really better than active income? Both incomes are required at some point in your lifetime, but which one can help you reach financial freedom faster? What exactly is the difference between active and passive income, and why should you care? That's what Russ and Joey will discuss today. So don't miss the conversation. Top three things you will learn: How to deal with the interest rate dilemma How to use your experience to get involved in profitable investment opportunities Active Income vs. Passive Income October 2023 Income At-A-Glance: Gross Income for October: $64,910.23 Total Expenses for October: $25,926.47 Total Net Profit for October: $38,983.76 Difference b/t September & October: $2,692.37 % of net profit to overall gross revenue: 60%

Round Table | The Value of Experience in IBC

Who would you ask for advice when making important decisions, especially about money? What are the qualities you would look for in a money coach? If you want to know more about the Infinite Banking Concept(IBC) and search for information online, you will get different opinions. How do you know which one to believe? We are inclined to trust a person's expertise when they confidently explain their thoughts. So, how do you determine whether the person you’re listening to is an expert or just a confident salesperson? Let's find out in today's conversation about the value of experience in IBC.

Working with an IBC expert vs. an amateur

What problem does IBC solve?

Best practices in setting up IBC

Where to Go If the Dollar Crashes with Dana Samuelson

Where should you put your money to hedge against inflation? People believe that investing in gold has many benefits and can protect your investment in the long run. Everyone depends on gold when other assets do not offer stability. For this reason, you can see a steep price hike in gold whenever the global equity markets are turbulent. Another advantage of choosing gold is that the rates are stable worldwide, and you will get your money's worth anywhere you trade gold. But do you need complex financial knowledge to invest in this asset? Let's find out in today's episode with Russ, Joey, and their guest, Dana Samuelson.

Why you should consider investing in gold

The best ways to store gold

Where to go to get more knowledge about owning and trading gold

Dana Samuelson

Since the 1980s, Dana Samuelson has seen over a billion dollars worth of gold transactions and founded the world-renowned American Gold Exchange Incorporated, a leading national precious metals and rare coin company specializing in dealer-to-dealer trading and direct sales to the public. Connect with Dana Samuelson: Website - https://www.amergold.com/

Round Table | Do This Before You Die

We all have goals and things we would love to achieve before we die. But have you thought about preparing your spouse or family for the inevitable? Have you secured their future? As we all know, death doesn't discriminate by age or any other factor. It can come when we least expect it. You may have prepared your last will, but it's not the only thing you must do before you die. While your estate may not be as large as others, it's just as important to have a plan in place in the event of your death. With some preparation, you can put your mind at ease now and save your loved ones a lot of trouble later.

What do you know that no one else knows?

Solutions to the problems you have identified

Tools and strategies to make things simpler

Round Table | 1 Step Forward, 2 Steps Back

There’s an old saying that you can learn as much from a bad experience as you can from a good one. And that is so true when it comes to the realizations that come with making poor investment decisions. Every investor has had a series of experiences that eventually form their investing principles that may lead to long-term financial success or lost opportunities. So, how do you avoid investment failures that can prevent you from achieving your financial goals? That's what today's conversation is all about.

Lessons and insights from investment failures

What to do next as you pursue your path to financial success

Learning from other people

Decisions That Saved My Life with Ben Buzek

Quitting a job you have depended on for most of your career can be sad and exciting at the same time. How do you prepare for this crucial decision? To get through this challenging situation, there are preparations you need to make. And today's conversation with Ben Buzek will give you insights into making the decisions that will save your life.

Dependence vs. Independence

How to find the right community you can depend on

How to build passive income and get ready for retirement

Ben Buzek

Ben Buzek is a Veteran Special Operations Leader and self-taught Real Estate investor partnered in five multifamily properties across three states. He is the co-author of the Amazon bestseller The Transformational Journey. Connect with Ben Buzek: Get a Free Chapter of The Transformational Journey - https://www.wealthwithoutwallstreet.com/ben LinkedIn - https://www.linkedin.com/in/buzekb/

Round Table | The Financial Freedom Starter Guide

Financial freedom to afford the lifestyle you want for yourself and your family is an important goal for many people. But starting your path to financial freedom can be challenging if you do not know what to do.

The tools you need to become financially free

How to obtain the knowledge and take action to pursue your financial goals

How to use MOTER (Money, Opportunity, Time, Experience, Relationships) to get to financial freedom faster

Passive Income Retreat Recap with Sharran Srivatsaa

Sometimes, we all just need a little encouragement or advice. And although our friends and family may try to support us, it is difficult for them to relate if they aren’t in the same situation. That’s why finding a community of like-minded people is so important for success. You have to find the right place where you can learn and grow. Such is the impact of joining the Passive Income Mastermind. If you were not able to join the recent live event, here's your opportunity to hear the biggest takeaways from the 5th Passive Income Retreat. Let's listen to it from Russ, Joey, and Sharran.

Economic outlook and its impact on investing

Different passive income strategies

How to protect your wealth and pass it on to the next generation

Sharran Srivatsaa

Sharran Srivatsaa is the President of Real, the fastest-growing, publicly-traded real estate brokerage in the world. He is also a 4x Inc. 500 Entrepreneur, investor, and mentor to top CEOs and influencers. Connect with Sharran Srivatsaa: The Business School Podcast - https://sharran.com/podcast/

Round Table | The College Playbook for Parents

Most parents dream of sending their kids to college to help prepare them for a better future. But is it worth the time and money? Does it make you a bad parent if you don't finance your kids' college education? Do you believe they have to go to college to be successful in life? The answer is yes and no, and today's conversation will give you the insights you need to decide if you should or should not send your kids to college. This episode is the closest thing to the college playbook for parents.

To go or not to go to college

Creative ways to pay for college

Alternatives to college (other than becoming a hobo)

Passive Income Wins and Losses

Are you on your way to building passive income? Have you found an ideal path that matches your skills and passion? How do you keep passive income passive? As you listen to this podcast, you will learn which businesses Russ and Joey are investing in, their wins and losses, and all the lessons they learned. So, if you need ideas to start your financial freedom journey, this podcast and the Wealth Without Wall Street community will show you the way. Top three things you will learn: Lessons learned from investing in Turo and e-commerce How to earn passive income through online assets and affiliate marketing How to keep passive income passive September 2023 Income At-A-Glance: Gross Income for September: $114,621.50 Total Expenses for September: $90,774.26 Total Net Profit for September: $36,291.39 Difference b/t August & September: ($23,239.73) % of net profit to overall gross revenue: 32%

Round Table | Why You Struggle with Debt

Being in debt is an uncomfortable topic many people don’t want to discuss. Consumers struggle every day to exit the cycle of debt. For most, debt repayment can be a tiresome process. For others, it seems like a mountain they can't overcome. But debt is not always a bad thing. It can help you achieve your goal of becoming financially free. Do you want to know how being in debt can get you closer to your financial goals?

Your mindset around debt

Understanding the rules of debt

How to leverage debt to accelerate your path to financial freedom

The Providential Entrepreneur with Chad Arnold

Are you thinking about diving into the entrepreneurial world? What type of business do you have in mind? Instead of starting a business from scratch, buying an existing business might be a good idea. The franchising model is something you can explore. With the abundance of people who love good coffee and the inviting atmosphere of cafes, it’s no wonder that coffee shop franchise opportunities are catching the attention of aspiring entrepreneurs. Today, Russ and Joey talk to community member Chad Arnold about his journey into franchising Summer Moon Coffee. As you listen to this episode, you’ll gain the knowledge to decide whether investing in a coffee franchise aligns with your dreams and family goals.

How to take action when the opportunity presents itself

Trusting God with every major decision in your life

The importance of having a supportive spouse and community as you enter a new venture

Chad Arnold

Chad met his wife Tori at Southwestern Christian University, and they started a life together in Oklahoma. They had nothing to do with the coffee industry until an opportunity presented itself. Chad's commercial development in Yukon had a coffee shop allocation open for Starbucks, but the deal didn't push through. With Starbucks backing out, Chad called Summer Moon after hearing about it from a family member. And that was the beginning of their entrepreneurial journey. Connect with Chad Arnold: Instagram - https://www.instagram.com/chadharnold/

Round Table | Why I Don't Invest in These Anymore

Investing can seem scary and intimidating, especially to first-time investors. After all, how can you even be sure if that's the way to build wealth? What if you lose your hard-earned money? Not all deals are a sure win. You might lose money on some, but the important thing is you have a reliable financial coach who can help you identify the best and worst places to put your money into.

Investing in things we have knowledge of

Investing in something where we have options

Invest in things with controlled downside risk protection

Down But Not Out with Maureen McCann

How do you deal with failures and disappointments in life? Do you give up and just give in to whatever life throws at you? Anyone can experience temporary setbacks. However, the important thing is not the setback or failure but your attitude after the event. As they say, you may be down but not out. When you open your eyes to see the lesson in an unpleasant experience, you take action to create a better future for yourself and your family. In today's episode, Russ and Joey converse with Maureen McCann, co-founder of Spartan Invest. She shares an interesting story that led her to focus on real estate to build wealth and live a better life.

How to bounce back from setbacks

How to bet on yourself and push forward to reach your goals

How to start investing in real estate even when you don't have enough money

Maureen McCann

Maureen McCann co-founded Spartan Invest in April of 2014. As the Director of Wealth Building, Maureen brings over 20 years of sales and marketing experience in the turnkey marketplace. Having served as an investment property coach for years, Maureen is skilled at helping clients build turnkey cash flow portfolios for her clients. She has helped hundreds of investors build rental portfolios necessary to reach their short-term and long-term passive income goals. Connect with Maureen McCann: Website - https://spartaninvest.com/

Round Table | The Rothschild Method

Have you ever wondered how an outcast family built the biggest bank in the world and became wealthy? You might think the name sounds aristocratic, but the Rothschilds weren’t always rich. In fact, the head of the family, Mayer Amschel Rothschild, lived in a ghetto in Frankfurt, Germany. So how did he do it? That's what today's conversation is about.

How to put The Rothschild Method into action

What to do to make sure it is done well

How to teach discipline within the family

How I Quit My Job with Rick Rauch

How many people aspire to become their own boss and live on their terms? How many of these dreamers follow through to achieve their goals? If you are in the same situation, what's stopping you from pushing forward? In today's episode, Russ and Joey discuss what you need to do before quitting your job and going all-in on being an entrepreneur.

Information is useless if you don't take action

How to get past your fear

How to prepare before quitting your job

Rick Rauch

Rick Rauch is an entrepreneur and business owner. He has 25+ years of experience and a demonstrated history of success within multiple construction build types, including self-storage, hospitality, restaurants, entertainment, convenience store/gas stations, multi-family, retail, site development, tilt wall, etc. Connect with Rick Rauch: LinkedIn - https://www.linkedin.com/in/rickrauch/

Round Table | Million Dollar Moments From Inner Circle Live Nashville

In a time when most of our connections are done virtually and virtual environments are becoming more immersive, people from different parts of the world can gather together virtually without having to travel miles. But nothing beats the experience of attending a live event and being physically present with people who share the same goals, aspirations, and visions for the future.

The importance of participating in live events and being in the company of like-minded people

Figuring out which businesses you can invest in without creating another job for yourself (passive investing)

How to teach your children about money and prepare them to build their financial future

Growing Passive Income While Still Losing Money

Wouldn't it be nice to have money coming in without you working endless hours to earn it? Many people dream of having that mailbox money lifestyle, but not everyone knows how to start. Some wonder if that's even possible. Others hesitate to invest for fear of losing their hard-earned money. But you can definitely grow your passive income while still losing money. The cash flow from passive income sources requires some work initially, but once established, it takes little to no time to maintain. Some common ways to earn passive income include investing and starting a business that can mostly run itself, or you can hire a team to run the company for you. In this episode, Russ and Joey share their passive income sources and lessons from investing in different investment opportunities. Tune in to know more about growing your own passive income. Top three things you will learn: Exploring new beginnings How to sell a business where everybody wins Investing with confidence August 2023 Income At-A-Glance: Gross Income for August: $90,412.22 Total Expenses for August: $31,046.51 Total Net Profit for August: $58,929.41 Difference b/t July & August: $9,455.28 % of net profit to overall gross revenue: 65%

Round Table | Financial Goldmines and Money Pits

Are you thinking about what to do with your money or what decisions you need to make about your financial future? Many financial advisors offer thousands of different financial products, and choosing the right one for you may be difficult. That's the time to ask yourself who you should go to for financial advice. When it comes to your financial future, you want to go to someone who has achieved what you want to achieve. When weighing financial advice, you must carefully determine which are financial goldmines and which are money pits. But how do you do that?

What bad advice have you received?

What are some good ideas and lessons that we should be using?

What are you going to do with the information you gained?