How the 4% Safe Withdrawal Rate Failed Me with Kelly Iannone

Do you know how much money you need to save to be able to retire in your 50s or even earlier? What are you doing to prepare for your retirement? Are you just accumulating your money in traditional retirement accounts? If you think the 4% safe withdrawal rate is on your side, think again. If you want to be financially independent, retire early, and live your dream lifestyle, today's episode with Kelly Iannone is a must-listen!

Why you should not put your money in traditional retirement accounts

How to use the retirement calculator

Why multifamily syndications can be your path to financial freedom (depending on your Investor DNA)

Kelly Iannone

Kelly Iannone co-founded Waypoint Commercial Investment Partners with her husband. They have been real estate entrepreneurs since 2017. Together they have a portfolio of 579 units throughout Florida, Georgia, and Texas valued at over $65 million. Kelly advocates for the FIRE (Financial Independence, Retire Early) community and is passionate about helping others achieve financial freedom through passive income from multifamily real estate. Connect with Kelly Iannone: Website - https://waypointcip.com/ LinkedIn - https://www.linkedin.com/in/kelly-iannone-waypointcip/

BYOB Book Review Part 8 | The Entity in Becoming Your Own Banker by Nelson Nash

If you're going to be a banker, you must have a bank. But what sort of bank should you set up? In this episode, Russ and Joey discuss the different insurance policies, how they are structured, and which one you must choose if you want to implement IBC. It is not enough that you put your money into whatever type of policy your agent tells you. Take action and educate yourself so you can avoid losing your money to things you don't understand.

The different types of insurance policies

Which is more expensive - term life policy or whole life policy?

The importance of making sure your policy is set up the correct way if you're going to use it for IBC

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

Money or Capability? With Jayson Lowe

What is the most critical factor in starting or growing a business? Is it money or capability? What factors should you consider when thinking about investing in a company? Why would you gain out of joining Masterminds? These are just some of the topics that Russ, Joey, and Jayson Lowe discuss in today's episode. So if you want to know the answers to these questions, you're in the right place.

Which is more important - money or capability?

What to look for before investing in a business

Why it's important to have a mentor and be in a community of like-minded people

Jayson Lowe

Jayson Lowe is a highly regarded coach, speaker, and advisor to individuals and business owners. He is the founder of Ascendant Financial Inc., where he leads a team of professionals committed to teaching people how to implement the Infinite Banking Concept (IBC). Jayson is internationally recognized as one of the leading educators and implementers of the Infinite Banking Concept (IBC). He co-authored The Bankers’ Secret, a Simple Guide to Creating Personal Wealth for Canadians. Connect with Jayson Lowe: Website - https://learnwithj.com/

BYOB Book Review Part 7 | Human Problems in Becoming Your Own Banker by Nelson Nash

A wise person makes his money work instead of him trading his time to earn money. But before putting your money to work, you need a place to accumulate it. Instead of putting it in banks, why not put it in whole life insurance policies and become your own bank? Today, Russ and Joey explore the human problems of becoming your own banker. Get ready to learn about Parkinson’s Law, Willie Sutton Law, The Golden Rule, The Arrival Syndrome, and Use It or Lose It. Understanding these principles will give you a deeper understanding of how you can better use your money and establish your financial system.

A luxury once enjoyed becomes a necessity.

Money should be used to make more money.

Infinite Banking is not a product - it's a way of life.

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

Our May 2023 Passive Income Report

People define financial freedom in different ways. To some, it could mean they've fully paid all their debts. To others, it could be when they achieve a certain income or no longer worry about where to get the money for their day-to-day expenses. Regardless of your situation, we all wish for that day when we have built enough passive income streams that are more than enough to cover our expenses with some money left to invest. But there's no single path to financial freedom – there are many ways to reach your financial goals, and you just have to find the right direction for you. In today's episode, Russ and Joey discuss their Passive Income Report for May 2023 and some lessons they learned along the way. Tune in and discover an idea that could work for you. May 2023 Income At-A-Glance: Gross Income for May: $80,337.54 Total Expenses for May:$28,841.89 Total Net Profit for May: $56,364.40 Difference b/t April & May: ($3,113.06) % of net profit to overall gross revenue: 70%

BYOB Book Review Part 6 | Creating Your Own Banking System Through Life Insurance

Becoming your own banker seems like an incredible concept. But when you understand and implement it correctly, you will regain control over your money and recoup cash flow that would otherwise be lost if you were to put your money in traditional retirement accounts and other banks. Today, Russ and Joey continue their conversation around this concept and dive deep into the topic of creating your own banking system through life insurance. This episode will give you more information if you're still trying to wrap your head around the Infinite Banking Concept, so listen up!

Understanding the design of your policy

If you know what's going on, you'll know what to do

Where to put your money and how to set up your banking system

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

How to Invest in an eCommerce Business Without Running It with Mike Vranjkovic

Whether you're a side hustler or an investor with extra money to start a new business venture, eCommerce is a great investment opportunity. Even if you don't know anything about running an eCommerce business, it's possible to invest in it.

Making tough decisions that will change the course of your life for the better

How to invest in eCommerce businesses even if you don't know anything about it

A unique way of generating cash flow passively

Mike Vranjkovic

Mike Vranjkovic is the Managing Partner of WebStreet (formerly Empire Flippers Capital). This platform empowers investors to diversify their investments into passive and cash-flowing portfolios of online content sites, Amazon storefronts, and micro SAAS businesses (coming soon). Connect with Mike Vranjkovic: Website - https://webstreet.co/

BYOB Book Review Part 5 | Creating a Bank in Becoming Your Own Banker by Nelson Nash

Do you know how banks make money? It is by lending money to borrowers at high-interest rates. So why not create your own bank? If you have extra money, would you rather put it in another bank or create your own bank? If you're going to buy a car or a property, would you borrow from someone else's bank and pay them the interest or borrow from your own bank and earn that interest? If you want to know how to establish your own bank, today's episode will give you some clarity.

How banks make money

How to become your own bank

The importance of investing in yourself

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

3 Reasons Why Multifamily Will Fail in The Next 5 Years with Robert Pereira

Real estate has been a good investment for investors who wish to grow their capital and create wealth. One of the beautiful things about real estate investing is that there's more than one strategy that can be successfully used. When it comes to residential real estate, there are two main types of properties that one can invest in–single-family and multifamily.

Why it's important to learn from subject matter experts

3 Reasons why multifamily will fail in the next five years

3 Ways to invest in multifamily properties

Robert Pereira

Robert Pereira is the Managing Partner of ARC Multifamily Group, which owns and operates multifamily properties in the Southeast. He has overseen the acquisition and development of over 250 residential projects since 2008. In addition, Robert has raised over $25,000,000 of private capital from his network and managed over $120,000,000 of construction loans for these projects. Robert and his family reside in Newport Beach, California. Connect with Robert Pereira: Website - https://arcmf.com/ Email - robert@arcmf.com

BYOB Book Review Part 4 | The Problem in Becoming Your Own Banker by Nelson Nash

Do you realize what the problem is with the current banking situation? Chapter 4 of the book Becoming Your Own Banker illustrates this problem using the example of a 29-year-old man making $28,500 yearly after taxes and what he does with the after-tax income. Nelson also compares the situation to flying a plane. Tune in to fully appreciate the analogy and discover the most profitable thing you can do.

How to analyze your financial situation and create solutions

Creating and expanding your financial system

Learning to control your financial environment is the most profitable thing you can do

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

The 3 Lessons I Learned from Billionaires with Ben Fraser

There are many things you can learn from billionaires. Today, you will discover three of those lessons. The world's ultra-rich come from diverse backgrounds, many of whom have started with little or no money at all. So how did they become super wealthy? What do these billionaires do differently? The critical insight here is that these billionaires knew where and how to invest, which Russ, Joey, and their guest, Ben Fraser, discuss in this episode.

Business owners and billionaires are one of a kind.

Billionaires love buying real assets, specifically real estate.

Billionaires invest in alternative investments.

Ben Fraser

Ben Fraser is the Chief Investment Officer at Aspen Funds, where he combines his analytical nature with a passion for delivering outstanding client service and strong returns through out-of-the-box investments. With a professional background that spans over a decade, Ben has become an expert in the field of investment management and has worked for several reputable financial institutions. Ben is the co-host of the Invest Like a Billionaire podcast, where he joins his father, Robert, co-founder and CFO of Aspen Funds, along with co-founder Jim Maffuccio, to discuss economic trends and best practices for alternative investing. Connect with Ben Fraser: Website - https://aspenfunds.us/ Podcast - https://www.thebillionairepodcast.com/

BYOB Book Review Part 3 | Why Should I Pay Interest to Borrow My Own Money?

Imagine you're married and own a grocery store. Where would your spouse and children shop–your store or somebody else's? Your store, of course! But which door would they choose to come out? Would they go out the back door, avoiding the cashier, or would they go out the front door and pay for the groceries like the rest of your customers? Your answer in this hypothetical scenario is critical to what happens to your business.

Think long-range.

Don't be afraid to capitalize.

When you use the money, don't steal it. Put the money back.

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

How Deals Are Made in Self Storage With Scott Meyers

With any investment, there will always be some risk. But some investments are safer than others. Take the self-storage facility, for example. You may not have considered it as a potential investment opportunity, but self-storage is actually a wise and safe investment.

Why investing in self-storage facilities is an excellent way to become financially free

Factors to consider when deciding to purchase a property to be used as a self-storage facility

What qualities to look for when hiring an operator or a manager for your facility

Scott Meyers

Scott Meyers is the founder and CEO of SelfStorageInvesting.com (Self-Storage Profits, Inc.), a leading self-storage education company that offers courses, live events, and mentoring/coaching. He has acquired, sold, developed, and converted over 40 facilities totaling over 25,000 units and over 4 million square feet of storage. Scott is also a Forbes Real Estate Council Member, speaker for ISS (Inside Self Storage), the SSA (National Self Storage Association), and the host of The Self Storage Podcast. Connect with Scott Meyers: Website - https://selfstorageinvesting.com/

BYOB Book Review Part 2 | The Role of Imagination in Becoming Your Own Banker by Nelson Nash

When you think of the most successful people you know, how many of them lack imagination? Probably none. It's because creativity is vital to success. If your job is to make money work so it creates cash flow to sustain the life you want for you and your family, how many ideas can you come up with? The problem with most people is that they spend their days on autopilot. They have stopped dreaming and envisioning the future they want. It's time to rekindle your creativity. Imagine living the life you've always wanted and create a plan to get there.

Imagination is an integral part of success

How to think about your thinking

Why some people have stopped imagining a better life

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

Our Passive Income Report - April 2023

With talks of inflation and concerns over the banking sector, many people are on the lookout for any edge they can get to ease their financial burdens. In times like these, isn't it nice to have passive income streams and steady cash flow? In today's episode, Russ and Joey discuss their Passive Income Report for April 2023. Along with showing the numbers, they walk through the different investment opportunities they have ventured into to give you insights on where you can get the most return from your investments. If you're looking for ways to create passive income streams, this episode will give you some ideas on what's working in the current economy. April 2023 Income At-A-Glance: Gross Income for April: $148,241.85 Total Expenses for April:$113,517.69 Total Net Profit for April: $45,724.16 Difference b/t March & April: ($5,969.46) % of net profit to overall gross revenue: 31%

Round Table | 3 Reflections From Investment Failures

How do you decide where to invest your money? Do you perform due diligence? When making investment decisions, it is important to take responsibility and not just surrender the decision-making process to someone else. As much as possible, you should put your money in a vehicle you have personally vetted or risk losing millions in a bad deal.

Trust but verify.

Liars figure, and figures lie.

It's very important to know the operator when entering into investment syndications.

How Ken McElroy Built It

Building wealth isn’t simply about putting money in the right place at the right time. Instead, it’s about understanding that determination, self-motivation, and the right mindset are the real keys to thriving. That's something that Ken McElroy learned from his years of building his real estate empire. Ken is the real estate advisor to Robert Kiyosaki of The Rich Dad Company. Today, Ken joins Russ and Joey to share more insights into real estate investing. This episode is a must-listen if you want to learn how to succeed in real estate or if you're looking for a way to build your wealth and achieve financial freedom.

Your mindset matters

You have to grow at every level

Your network matters

Ken McElroy

Ken McElroy is the only person who can claim the pride of being called the real estate advisor to Robert Kiyosaki. Ken has experienced great success in real estate for over two decades through investment analysis, acquisitions, property management, and property development. He believes in sharing these successes and his setbacks to help educate and inspire investors to bridge the gap between where they are and where they want to be. Connect with Ken McElroy: Website - https://kenmcelroy.com/ Meet Ken McElroy at The Financial Freedom Expo 2023: https://LimitlessExpo.com/ June 15-17, 2023 Promo Code to get 50%: MC50

BYOB Book Review Part 1 | The Disciplines Required for Becoming Your Own Banker by Nelson Nash

If there's one book you can read to help improve your financial acumen, it's Becoming Your Own Banker (BYOB) by R. Nelson Nash. This book is not about investments of any kind. Instead, it's about how one finances the things in life. It's about making your money work for you. One famous quote by R. Nelson Nash is, “The very first principle that must be understood is that you finance everything you buy–you either pay interest to someone else or you give up the interest you could have earned otherwise.” Many people have asked Russ and Joey to bring back the BYOB series, so here it is. You get to hear them discuss R. Nelson Nash’s legendary book and its powerful concepts every week.

Why you must understand how banks run their business

The power of cash flow and how it can help you become your own banker

The value of investing in yourself and working with a mentor

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

How to Build a Mid-Term Rental Empire with Sarah Weaver

When investing in real estate and renting out properties, landlords either go the long-term rental route or pursue a short-term rental strategy. But have you ever thought about mid-term housing? Mid-term rentals (MTR), or medium-term rentals, are perfect for people who want to live in an area for a while but want a shorter lease than the typical year-long lease. So there's a massive potential for this type of investment. Join Russ and Joey as they chat with The Mid-Term Rental Queen, Sarah Weaver, about the possibilities of MTRs becoming your next wealth-building strategy.

The importance of identifying yourself as an investor instead of an employee (or whatever your job title may be)

You don't have to buy a bunch of properties all at once to start your financial freedom journey

It's possible to enjoy traveling on a budget

Sarah Weaver

Sarah Weaver is a real estate investor who has mastered the ins and outs of mid-term rentals. In addition, she is an avid traveler, speaker, entrepreneur, and writer. Sarah is the co-author of 30-Day Stay: A Real Estate Investor’s Guide to Mastering the Medium-Term Rental. As part of her mission, Sarah helps real estate investors and agents generate wealth through real estate investing. She also hosts memorable events specially curated for investors. Connect with Sarah Weaver: Website - https://www.sarahdweaver.com/ Find Your Next MTR Tenants: https://www.furnishedfinder.com/ https://www.airbnb.com/

Round Table | How Does Wealth Without Wall Street Help Me Become Financially Free?

How do you know if a financial coach has the skills and abilities to help you become financially free? How can you tell a true expert from a phony? Without proper regulation in the coaching industry, anyone can call themselves a money coach and give financial advice. But to find the right one, you would naturally have to see if the person claiming to be a money coach is financially free.

What are the problems that Wealth Without Wall Street helps you overcome?

How do they help people become financially free faster?

What is it that Wealth Without Wall Street believes as a team?