Do tenant issues and property management burn you out? Discover how investing in notes could be your ticket to stress-free, profitable investing!

In this episode, Russ and Joey sit down with Eddie Speed, a seasoned expert in note investing, to explore an exciting alternative for real estate investors. If you’re tired of being a landlord, this conversation will open your eyes to a different path—investing in notes. Eddie explains how you can shift from the traditional landlord role to becoming a note investor, where you can enjoy consistent cash flow without the usua...

If you could only invest in one thing, what would it be? Where would your money make the most significant impact? Today, our financial coaches dive into a lively discussion about what they believe is the single most important investment you can make to achieve financial freedom. 

From people to assets to businesses, each coach passionately defends their top choice, sharing insights that could reshape your approach to building wealth. This conversation isn’t about picking sides—it’s about exploring the different paths that can lead to financial independence and why each one might b...

Are you dreaming of walking away from your 9-to-5 job and living on your terms? For others, leaving the safety of their regular paycheck can be scary. But if you are tired of trading time for money, this episode could be your path to something better.

Today, Russ and Joey sit down with Bronson Hill, author of How to Fire Yourself, to explore how you can create passive income streams that replace your regular paycheck. Bronson shares actionable insights from his book, guiding you through the steps to achieve time and financial freedom. From...

Imagine having the power to finance your life without relying on traditional banks. In this episode, our financial coaches dive into the powerful concept of Infinite Banking, developed by Nelson Nash and detailed in his book Becoming Your Own Banker. This strategy allows you to become your own source of financing, creating a sustainable system for growing passive income and achieving long-term financial success. 

The coaches break down the basics, making it easy for beginners to grasp the potential of this life-changing approach. Learn how countless individuals leverage Infinite Banking to create financial independence a...

Imagine taking a vacation whenever you want, without worrying about your business. In this episode, Russ and Joey dive deep into the critical role of finding the right operator for your passive income business. Discover how hiring an excellent operator can free you from the day-to-day grind and help your business grow exponentially. By having someone else manage operations, you can focus on what truly matters—enjoying the fruits of your investments. 

Plus, Russ and Joey share their Passive Income Report for July 2024, offering insights into different investment opportunities tailored to your unique investor DNA...

What if one piece of advice could transform your entire investment strategy? In this episode, our financial freedom coaches sit down to share their most impactful insights gained through years of experience in the world of investing.

Each coach reveals their unique perspective on what it takes to achieve lasting financial success, offering valuable wisdom that could change how you approach your investment journey.

Whether you’re a seasoned investor or just getting started, this conversation is packed with gems of wisdom that you won’t want to miss. Tune...

Are you attending events and collecting soon-to-be-forgotten notes, or are you using them to fuel your journey to financial freedom? Attending live events like the Inner Circle Live in Nashville can be a game-changer on your path to success.

In this episode, Russ, Joey, and Tim Calise explore how these gatherings can accelerate your journey to financial freedom by immersing you in an environment of inspiration and actionable insights. Learn how to extract maximum value from every session, turning ideas into tangible steps that propel you forward. They also discuss the benefits of bringing...

Have you ever wondered how a simple fairy tale could unlock the secrets to financial freedom? In this episode, the financial coaches dive deep into the beloved story of Jack and the Beanstalk to uncover valuable lessons on wealth-building and overcoming obstacles.

Jack's journey mirrors the path many of us take when pursuing financial independence, from recognizing a golden opportunity to facing seemingly insurmountable challenges. The financial coaches explore how the magical elements of this tale can inspire us to see the bigger picture and pursue financial goals with purpose and clarity.

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Are you overlooking the critical details that could make or break your financial freedom? Many investors do not even realize that their current financial strategies aren't bringing them closer to their goals simply because they lack a clear understanding of their financial health.

In this episode, Russ, Joey, and Khristine Valdez discuss the importance of having a specialized team that offers strategic insights, meticulous financial management, and tailored solutions to drive financial growth. 

They discuss the power of knowing the data behind your investments and how it can transform y...

So you finally decided to set up a whole life insurance policy. Now what? How do you unlock the full potential of your Infinite Banking System? 

In this insightful episode, the financial coaches guide you through the critical roadmap following your IBC setup. Learn the most important actions to take in the first 90 days to ensure a solid foundation for your financial strategy.

Discover key implementation ideas that will help you optimize your policy beyond the initial phase and understand how to recalibrate and tweak your plans as you p...

Are you ready to unlock the secrets of successful house flipping in 2024? In this episode, Russ, Joey, and their guest dive into the potential of home flipping as a powerful wealth-building strategy and the common pitfalls to avoid. 

Ryan Dossey shares his expert insights on what makes him stand out in the competitive home flipping marketplace. Discover Ryan's unique business model—a home flipping franchise—that's transforming the industry. Learn how to navigate the challenges of house flipping and turn them into lucrative opportunities.

Explore the top mistakes to avoid...

Have you ever wondered if there's a shortcut to achieving financial freedom? Our financial coaches reveal the cheat code for financial success in this episode. Discover how personalized coaching can transform your financial journey and accelerate your path to wealth. The coaches explore real-life stories demonstrating the impact of guidance and support from experienced mentors.

Tune in as they discuss why being part of a community of like-minded individuals is essential for fast-tracking your financial goals. Learn about the potential consequences of engaging—or not engaging—in coaching and collaborative communities and how these elem...

Are you ready to break free from the grind of trading time for money? In this episode, Joey welcomes Dr. Jeff Anzalone, a periodontist who shares how he transformed his financial future by building passive income streams, focusing on RV parks and syndications. Discover the first steps to creating passive income and why even high-income earners must diversify their revenue sources.

Learn the benefits of investing in RV parks and how syndications can provide stable, lucrative returns. Dr. Anzalone shares his journey, offering valuable insights for anyone looking to build a passive income empire...

Are you ready to reclaim control over your financial future? In this episode, our financial coaches explore how investors can take charge of their financial situations. Discover the critical steps to gaining financial control and the responsibilities that come with it. Once you’ve taken the reins, you are responsible for educating yourself on the best ways to grow your wealth. 

They delve into mastering and overcoming the challenges associated with control, providing actionable insights to help you navigate this journey. Whether you're new to investing or looking to refine your strategies, this episode offers valu...

Do you know what it takes to build passive income? In this episode, Russ and Joey dive into their June Passive Income Report, sharing candid insights and lessons learned from their journey toward financial freedom.

They discuss the frustrations they've faced with some of their deals, emphasizing that not every investment turns out as expected. This honest conversation highlights the importance of perseverance, continuous learning, and growth on the path to achieving $100k in passive income.

Whether you're just starting out or are already on your journey, this episode...

Are you curious about how your personality influences your investment decisions? In this episode, our financial coaches continue discussing the DISC Personality Types and focus on the C personality type–Conscientiousness. Known for their analytical and detail-oriented nature, C-types excel in making informed, data-driven investment decisions.

As we recap the DISC framework (Dominance, Influence, Steadiness, and Conscientiousness), discover how the meticulous C personality can leverage their strengths to achieve investment success, from thorough research to strategic planning.

Join the coaches as they explore real-life examples and actionable tips tailored for C-types. Whether yo...

Are you aware of the hidden threats that could jeopardize your financial freedom? In this episode, Russ, Joey, and cybersecurity expert Kevin Donahue explore the impact of cyber attacks on your financial freedom. Listen up as they discuss why entrepreneurs and business owners must prioritize cybersecurity, with real-life examples of cyber attacks and their devastating effects.

Learn practical steps to protect yourself from cybercrimes and the essential resources to safeguard your assets. Discover the importance of using a VPN, the worst-case scenarios of cyber breaches, and why cybercriminals might target you. Finally, understand the...

Are you ready to leverage your natural charisma and optimism in the world of investing? In this episode, the financial coaches explore how the I-personality type (Influence) can excel in the investment arena. Known for their sociability, enthusiasm, and persuasive abilities, I-types can build strong networks and seize opportunities through effective communication.

Learn how to harness these traits to make informed and impactful investment decisions. Drawing inspiration from influential figures like Barbara Corcoran and Daymond John of Shark Tank, today's discussion highlights how I-personality types can find success in investing. Discover how your inherent...

Discover the potential of network marketing to build passive income! In this episode, Russ and Joey sit down with Brian Carruthers, a network marketing expert who has transformed his life through this powerful business model. Coming from a family of real estate moguls, Brian chose a different path and achieved phenomenal success.

Learn why network marketing is a smart strategy for creating passive income and financial freedom. Brian shares his insights on the benefits, how to get started, and why it’s a game-changer for aspiring entrepreneurs. Don’t miss this opportunity to gain valu...

Unlock the secrets of investing tailored to your personality. In this episode, the financial coaches explore investing according to the DISC Personality Types, a powerful framework that categorizes individuals into four types: Dominance, Influence, Steadiness, and Conscientiousness.

Understanding your DISC type can revolutionize your investment strategy, aligning your financial decisions with your natural tendencies and strengths. Whether you're a decisive leader, a persuasive influencer, a reliable supporter, or a detail-oriented analyst, they've got insights to help you thrive in the investment world. Curious about the S-personality and how they make investing decisions?

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Are you ready to explore new horizons in your investment journey? In this episode, Russ, Joey, and Martin Papp dive into the exciting world of international real estate ownership and its many benefits. From diversifying your portfolio to taking advantage of favorable market conditions and potential tax benefits, investing in overseas properties can be a game-changer.

Discover how international real estate can provide a stable income stream, hedge against local market fluctuations, and open doors to new lifestyle opportunities. Whether you're an experienced investor or just starting out, this episode offers invaluable insights into...

Do you want to revolutionize your investment strategy? Discover the game-changing power of investing according to your DISC Personality Type. In this episode, our financial coaches explore how the Dominance, Influence, Steadiness, and Conscientiousness personality types shape investment decisions and success.

By understanding your DISC type, you can align your financial choices with your natural strengths, paving the way for greater success. Whether you're a decisive leader, a persuasive influencer, a reliable supporter, or a detail-oriented analyst, they've got the insights you need. Focused on the D personality type, the coaches dive deep into...

Are you ready to unlock the secrets of building wealth? In this episode, Russ and Joey explore the diverse world of passive income and how it can pave the way to financial freedom. Whether you're an experienced investor or just starting out, understanding your unique Investor DNA and creating your personal investor buy box are crucial steps in choosing the right passive income streams.

Join Russ and Joey as they discuss their May passive income report and dive into a variety of opportunities, each with its own potential and risks, tailored to match your...

How do you know if an investment opportunity is good for you? In today's conversation, our dream team of financial coaches breaks down the essential steps to analyze investments like a pro. Discover the critical tests you must perform before considering any investment, the vital questions to ask, and the key factors to verify before sealing the deal.

Dive into the importance of understanding your Investor DNA, creating your Investor Buy Box, and performing due diligence. Pay attention as our coaches present a real-life example to apply their step-by-step framework.

Did you know that vending machines are an often overlooked but extremely powerful passive income source? If you haven't considered investing in vending machines, Michael Hoffmann is here to convince you why you should. 

Join Russ, Joey, and Michael as they discuss how to start a vending machine business with minimal capital, the cost and profit margins, how to stock them, how to find an ideal location, how to hire an operator, and almost everything you need to know about this opportunity.

Top three things you will learn: 

...

Are you ready to unlock the secret to building generational wealth and creating a lasting legacy? In this episode, Russ, Joey, and the dream team of financial coaches explore the transformative power of infinite banking using whole life insurance, as discussed in Nelson Nash's book Becoming Your Own Banker. 

Discover how to establish a family bank that secures financial stability for your loved ones and empowers you to take control of your financial future. Learn the key benefits of infinite banking and how it can revolutionize your wealth-building approach. Don’t miss out on thi...

Do you think you can earn $200,000 a month from a parking lot? Gone are the days when a parking lot attendant collected a flat fee. Parking lots now offer a dynamic pricing model that allows owners and operators to adjust pricing by the minute based on demand, maximizing the asset's revenue. 

With recent advancements in technology, owners can now leverage sophisticated third-party operators who can institute a dynamic pricing model to maximize revenue at any time. This makes parking lots an excellent investment opportunity, and as Brian Spear, who has gained expertise in this s...

Are you thinking of starting a business to get rich? Think again! In today's conversation, Russ, Joey, and the dream team of financial coaches explore why starting a business might not be the best path to wealth and why you should consider buying a business instead. 

Learn the ins and outs of finding the right business to buy, key factors to look for before making a purchase, and essential tips to set yourself up for success. They share valuable insights to help you make informed decisions and avoid common pitfalls. 

...

Are you looking for another way to create passive income? Why not try affiliate marketing? It offers a flexible and low-risk opportunity to earn money online. Affiliate marketing is where you promote another company’s product or service. When someone purchases through your affiliate link, you earn a commission.

With the proper techniques and strategies, you can create a steady stream of income. If you want to know how to start earning from affiliate marketing, today's episode with Amber Spears will provide you with the basics.

Top three things yo...

Are you feeling stuck and overwhelmed by the challenges of growing your business? You're not alone. In this episode, Russ, Joey, and the financial freedom coaches tackle the pain points that business owners face when scaling up. Discover three powerful ways to boost your sales and marketing efforts, explore the five key areas crucial for growth, and learn how to take your business to the next level. 

Whether you're a seasoned entrepreneur or just starting out, this episode is packed with valuable tips to help you overcome obstacles and accelerate your business growth. 

...

If you’re worried about saving enough of your earnings to meet your financial goals, building wealth through passive income might appeal to you. But which passive income idea should you pursue? Does the size of your investment matter?

In today's episode, Russ and Joey discuss some of the small and big deals they have been considering and the income potential of each transaction. They also discuss their different passive income sources and what they earned for April 2024.

While many of their investments have been successful, a couple have no...

Taxes can be substantial, taking a massive chunk of your income. The more money you make, the higher your tax liability. Regardless of how much you earn, can you reduce your taxable income? 

Careful tax planning could significantly reduce your tax burden, even if you have a relatively high income. Today's conversation focuses on creative ways to reduce your tax liability legally.

Join Russ, Joey, and the financial freedom coaches as they discuss the following:

-How to effectively reduce the expenses associated with what we spend for o...

Flipping vacant land is one of the most overlooked and misunderstood ways to make money in real estate. It’s also one of the best. However, one common problem land flippers experience is a lack of funds, which sometimes prevents them from snapping up deals. 

Sure, they can borrow from traditional banks, but they need to fill out a lot of paperwork and go through a tedious process, and there is no guarantee that their loan will be approved. 

That's where private money lenders come in. Lending money to land flippers is a pr...

Managing your finances may seem overwhelming, but you can learn some best practices from many great books about the subject. While it can be time-consuming to read all these books yourself, why not start by listening to today's conversation so you can get a head start on learning how to make your money work for you? 

Join Russ, Joey, and the financial freedom coaches as they discuss the following:

-How different people make money

-Using facts and data rather than emotions to make decisions

-Money-making principles and frameworks

Investing might sound like one of the scariest parts of managing your finances if it's your first time, but it’s also potentially the most rewarding. It is one of the best ways to become financially free over time. A savings account just won’t build wealth.

So, where should you start? Today's conversation with Dave Zook will give you some insights and inspire you to explore the world of investing in real assets. 

Top three things you will learn: 

-What is a real asset, and what makes...

Having cash on hand for daily expenses is a good practice. But how much cash should you maintain? Is keeping too much cash practical? Where should you keep your money to ensure maximum growth? 

Different people and companies have varied cash requirements, so there is no one-size-fits-all formula for maintaining adequate cash. However, there are best practices to keep in mind. 

Join Russ, Joey, and the financial freedom coaches as they discuss the following:

-Where should you put your money to maximize growth?

-How to ut...

Your car is more than just a means of transportation. It’s a potential side hustle– a source of income waiting to be unlocked. Entrepreneurs and clever individuals find innovative ways to turn their cars into revenue-generating machines in today's economy. 

So, do you want to turn your car into a passive income stream? Have you considered starting a side hustle in peer-to-peer car-sharing? Have you looked into platforms like Turo or Getaround but don't know how to get started? 

You're in luck because today, Russ and Joey are discus...

Many businesses, whether big or small, encounter challenges related to financial issues. This is mainly due to their limited access to resources. Knowing some of the difficulties expected is critical to planning well enough to solve them.

How do you think business owners can solve financial challenges? In today's conversation, you will hear why business owners use a financial tool called the Infinite Banking Concept (IBC) to solve many of their business concerns.

Join Russ, Joey, and the financial freedom coaches as they discuss the following:

-How...

If you're considering investing in real estate, locations near school campuses create enormous demand for student housing. But instead of renting your properties to college students, why not cater to graduate students? 

In this episode, Russ and Joey discuss the details of student housing with Ryan Chaw, a real estate investor who specializes in student rentals. 

After investing for four years–buying one property per year–Ryan now makes six figures in rental income per year and teaches others to do the same. 

Discover if this...

You finance everything you buy. The only question is how you pay for it. Do you borrow money from someone else? Do you save money to buy the item and lose the potential earnings from that money if you had invested it? 

What if there's a better way to finance your purchases and still benefit from the interest your money would have earned in a tax-favorable account you can control? That's exactly what IBC can do for you.

The basic idea behind the Infinite Banking Concept (IBC) is for you to take m...

If you plan to build your passive income, you must start somewhere. Is there an ideal path? What if you don't have a lot of capital to begin with?

Today, Russ and Joey share their passive income report and insights on what's working and what's not. If you still haven't decided whether to take the first step toward financial freedom, this episode will give you some ideas to kickstart your journey.

Top three things you will learn: 

-The different ways to earn passive income

-Lessons f...

Are you still trading time for money, meaning you rely on a salary earned from a full-time or freelance job? Many people still do, and that's how most people operate because that's how we were taught. What if there's another way to earn money without you directly working? 

The journey toward financial freedom often involves passive income, a primary component in long-term wealth creation. But how do you find passive income opportunities? 

In today's conversation, Joey, Jamie, and Mark share the top three things you must understand to start an...

Building and growing a business can be demanding and stressful, especially if you’re juggling multiple responsibilities and dealing with many challenges. 

When you’re under stress, your ability to think clearly and make rational decisions can be compromised, resulting in negative consequences for your business.

So, as a business owner, it’s essential to prioritize your health and well-being so that you can make informed decisions and lead your business to success.

In this episode, Russ and Joey discuss the importance of taking ownersh...

You’ve got a steady paycheck from your 9-to-5 job, or you're already earning some money from your side gig, but deep down, you want more money, freedom, flexibility, and choices.

It’s time to build passive income. All income sources are essential, but for financial freedom, passive income is the key to achieving your goal. But how do you start making passive income? 

Join Russ, Joey, and the financial freedom coaches as they discuss the things you need to make passive income in 2024. The top three things you will...

Mortgage note investing is one of the most profitable real estate investment strategies available. When you understand how it works, it can be an incredible vehicle for building passive income, yet it is less popular with investors. 

In this episode, Russ, Joey, and their guest, Robert Hytha of FIXnotes, will explore the world of mortgage notes and how to invest in them. The rates of return in mortgage notes investment are higher than the banks' traditional low-yield bonds and higher than most stock dividends.

Top three things you will l...

Some financial habits, big or small, can ruin one's chances of achieving financial freedom and leave one with empty pockets. 

Are you aware of your money habits? Your habits might be preventing you from reaching your financial goals, so it's best to evaluate what you've been doing when it comes to your finances. 

Join Russ, Joey, and the financial freedom coaches as they discuss the money habits that are keeping you broke. The top three things you will learn are:

-How to create cash flow 

-Putting your money to...

Do you want to be rich? Most people would say yes. But how do you build wealth when you do not come from money? How can you live a purposeful, passionate, and prosperous life?

Let's hear from a “financial genius” who was not born into a wealthy family, yet he understands the essence of investing and creating wealth. What does he know that many people don't?

Tune into today's episode with Russ, Joey, and their guest, Garrett Gunderson, for an entertaining yet informative conversation about money and investing. 

Top...

You may have heard the term “accredited investor” while listening to this podcast or from one of your wealthy friends. But do you know what it means to be an accredited investor and why you should become one? 

Regardless of where you may have heard the term, if you’re interested in finding better ways to invest your money, today's conversation will explain why becoming an accredited investor is a good idea and the benefits that come with it.

So join Russ, Joey, and the financial freedom coaches as they di...

Are you still just relying on your employment as a source of income? What's holding you back from starting your own business or investing in opportunities that will allow you to create passive income? Do you need more capital or investment knowledge to begin your wealth-building activities?

Today, Russ and Joey share their passive income journey and the vital role infinite banking fulfilled as they invested in different ventures. As you listen, maybe an idea sparks your curiosity, and you want to learn more about it. You may want to know how to set...

Whether you're an employee or a business owner, taxes take a huge chunk out of your earnings. Taxes are a part of life and doing business, and you can't escape from them. However, there are legitimate ways to minimize your tax liability. But you have to know where to seek advice. Don't go looking for ideas online because you can't be sure if they are good advice at all.

If you don't want to fall victim to the biggest tax blunders business owners make, tune in to this conversation and learn why the internet...

Do you have at least 30 acres of land you want to monetize? There's an opportunity besides land flipping that can turn your property into an income-generating asset. You can get paid to let a solar developer install solar technology on your property. The best part is that you can make money going green without buying the system or having to maintain it. The solar company does all the work for you. 

If you're curious about this opportunity, tune in to today's episode with Russ, Joey, and their guest, Dakota Malone of Community Solar Authority.

When looking for advice about investing and growing your money, you always seek guidance on what you must do. But a more practical thing to do is to think of all the possible obstacles and all the wrong things to do to ensure you fail. It's always better to understand both sides of the equation. 

Today, Russ, Joey, and the financial freedom coaches discuss three points to emphasize how not to invest in 2024:

-Possible places to keep your money so you can't access it when investment opportunities are available

-Doing t...

Real estate is still one of the most profitable ways to build wealth. However, the lack of capital and information about creative financing strategies keeps most people from investing in real estate. So, how can you start learning about creative finance?

Today, Russ and Joey speak with someone who knows the ins and outs of alternative financing strategies that individuals can utilize to acquire properties. Tune in and learn to think outside the box to secure the best funding for your real estate deals.

Top three things you will...

Choosing between paying down debt and investing is a decision many people find challenging. For the majority, paying off debts is the usual priority, thinking that being debt-free is the same as being financially stable. However, when you look at the wealthy, you will see that they prioritize investing and making their money grow. Which should you choose!? Before you decide, there are things you have to consider. 

So join Russ, Joey, and the financial freedom coaches as they discuss the following:

-Common mistakes people make 

-Rules people must understand

Are you constantly feeling overwhelmed in running your business? Being an entrepreneur or a business owner is hard work, especially if you do most tasks. You need to be the salesperson, the marketing strategist, the manager, etc. But it doesn’t have to be that way forever.

One way to help reduce the overwhelm is to start outsourcing various tasks in your business. A great way to do it is by hiring a virtual assistant who can give you more time and freedom to focus on doing what you love. 

Y...

Getting started as an investor can be challenging or even scary for beginners. You want to make a good return on your investment, but you know the possibility of losing your money exists in every investment opportunity. 

Even those who have acquired sufficient knowledge, expertise, and confidence are not immune to risks. But the difference is that they know how to identify and mitigate those risks.

So, if you want to begin your investing journey, creating a short list of critical points that a beginning investor should know is a...

How in the world can someone have 21 different passive income streams when many people don't even have one? Today, you will know the answer to that question. Join Russ and Joey as they go over each of their investments and report their passive income, as they do every month. They also discuss how much money you need and how you can gather insights about each type of investment so you can begin building your passive income. 

Top three things you will learn: 

-Different passive income ideas 

-How much money you wou...

Parents, do you realize you only have 18 summers with your kids? After that, you have to let them go. How are you making the most of your limited time with them? How are you teaching them the skills they need to become independent? Are you investing in your kids? 

Join Russ, Joey, and the financial freedom coaches as they discuss the following:

-The importance of spending quality time with your kids

-Activities and questions you can ask your kids to discover their interests 

-Teaching your kids about entrepreneurship an...

Do you want to travel the world? Whether visiting friends and family, going on a business trip, or taking a bucket list trip, travel helps us thrive. But not everyone can travel as much as they want because it can be very costly. 

What if you could travel to any destination in business class for free? Earning free travel can be simple, but it takes strategy. Today's guest, Eli "The Travel Guy" Facenda, will teach you how to do this and help you stay organized. 

Top three things you will learn: 

-How to max...

Most of the American workforce automatically enrolls in a company retirement plan such as 401(k) without a second thought because they have been told it’s the best way to plan for retirement. Tax deferral plus an employer match seem like obvious reasons to believe it's a wise investment. But is a 401(k) a good retirement plan? Are there creative ways to build wealth without putting money into qualified retirement plans? Fortunately, there are better options. 

Join Russ, Joey, and the financial freedom coaches as they discuss the following:

Real estate investing is one of the best ways to build wealth. But which real estate asset should you buy? Compared to the usually popular retail, office, and hospitality markets, the US multifamily real estate market is said to be a better choice now for real estate investors. Why the shift? And how do you invest in multifamily homes if you have no idea how to do it? Today's episode with Gino Barbaro will set you up for a good start.

Top three things you will learn: 

You've probably heard about the Infinite Banking Concept, but still can't wrap your head around it. After all, how does putting money in a life insurance policy help you get closer to financial freedom? If you want to understand how this whole concept works, today's conversation will give you a good foundation. 

Join Russ, Joey, and the financial freedom coaches as they go back to the basics of Infinite Banking and discuss the following:

As a parent, you naturally want your kids to become ready to face the world. You strive to raise responsible and successful individuals. One of the skills they have to learn is financial responsibility. However, schools do not have it in their curriculum. So it is your responsibility to start teaching your children about money at home. The earlier they learn financial literacy, the greater the long-term impact. 

Parents have their way of enforcing financial responsibility on their children, like assigning homework or chores in exchange for money. However, there is a more effective way to teach k...

Are short-term rental properties a good investment? There are many factors to consider, but the short answer is YES, assuming you do it the right way. If you've never done it before but you're interested in jumping into the profitable world of short-term rentals (STR), this conversation is exactly what you need. 

Today's round table features STR Operator and STR Course facilitator Clint Lovette, who is also a professional remodeling contractor. He previously shared his expertise in managing short-term rentals in the podcast, and now he's back with more information to help you start a...

If there's one thing that employees fear, it's getting terminated or laid off, especially when they have a family to support, and their job is their primary source of income. 

If you are in the same position, how do you overcome the constant fear of avoiding the next round of job cuts?

Living in fear of losing your job can be crippling, but preparation is the best way to beat the panic. 

Today's guest, Emma Powell, has an inspiring story that will nudge you to take action an...

Taking out a loan on your life insurance policy can give you quick access to cash, but only if you have the right type of policy. You can easily borrow against the cash value of a whole life insurance policy. But what about the interest rates and repayment terms? What are the other benefits of using a life insurance line of credit compared to borrowing from banks and other financial institutions? People tend to shy away from things they are not familiar with. However, understanding how the IBC line of credit works might help you broaden your options.

It was 2020 when Russ and Joey decided to share their passive income report and review the few deals they engaged in. Back then, they didn't have much to report, but they persevered in building multiple passive income streams. They have come a long way—from about $2,000 per month of passive income to $44,000 (and even higher in some months). 

While some investment decisions don't always turn out well, they take the lesson from each mistake and move forward. Today, they show us the results of their journey. 

Top three things you will learn: 

These days, it’s possible for people to find events that satisfy their interests in cities around the world. No matter what you’re looking to get out of a live event, many people usually walk away having had the event exceed their initial expectations.

While some people get intimidated by live events, those brave enough to attend will find that there’s so much to gain, just like what happened in the recent Inner Circle Live event. If you were not able to join, here’s your opportunity to hear what transpired, and maybe th...

Are you a highly paid employee or professional? Does your current career allow you to earn substantial income? If so, would there be any reason for you to seek a different path? Would you like to become an entrepreneur or an investor? 

In today's episode, Russ and Joey speak with Buck Joffrey, a surgeon turned entrepreneur and investor. Buck talks about his decisions and actions after reading Robert Kiyosakis's CASHFLOW Quadrant.

The book provides a guide for people who are ready to change their lives and change from one quadrant to another. A...

Many people worry about providing security for their families if something unfortunate happens. They think about what their spouses and children will do to pay the bills. So comes the question: Should you buy life insurance or focus on saving money in a bank? 

While both life insurance and savings can result in a lump sum benefit for your loved ones, there are key differences, especially if you also plan to implement IBC to secure the future of your family. 

In today's conversation, Russ, Joey, and the financial freedom coaches talk about th...

Taxes eat up a chunk of most people's income. What if there are ways to keep more of what you’ve earned? In this episode, Russ, Joey, and CPA Mark Perlberg discuss the top mistakes entrepreneurs and business owners make that make them pay unnecessary taxes. 

If you are eager to know how to protect your income, consider implementing the ideas that could reduce your tax bill this year or the next.

Top three things you will learn: 

2023 was a year of ups and downs and unexpected twists and turns. For many people, it was a year of learning as they went through many experiences that led to either heartbreak or triumph. 

How about you? What valuable lessons can you take away from the past year that you can apply as you move forward to the new year? What are you excited about for 2024?

In today's conversation, Russ, Joey, and the financial freedom coaches continue to discuss their million-dollar insights from 2023, with a focus on the following:

When faced with a challenging situation, what would you do if failure was not an option? It takes courage to take major leaps in life, but not taking action can lead to failure.

In this episode, Dave Wolcott shares how he pivoted when he woke up in an unexpected scenario, going from having one child to having four children overnight. Discover how he quickly decided to change his financial situation to support his growing family.

If you need inspiration to pursue your financial goals, this episode with Russ, Joey...

What wins and challenges have you faced over the past year? What big hairy audacious goals (BHAG) have you set for yourself in the coming year?

As the new year starts, it's natural for people to reflect on their professional and personal achievements over the past 12 months. 

This moment of reflection can be extremely valuable as it allows us to assess how far we've come, identify areas of opportunity, and set more ambitious goals for the future.

In today's conversation, Russ, Joey, and the financial freedom coaches d...

What if you can grow your passive income to 25% in 2024? How will it change your life? Would you like to know how to finally achieve financial freedom in 2024?

As Russ and Joey share their November 2023 Passive Income Report, they also discuss how they respond to the most common question people ask: “Where are you investing?” 

They share where they are putting their money and give you the criteria they use when choosing investment opportunities. So if you want to learn how to become a better investor in 2024, this episode is for you. 

T...

An eQRP or Enhanced Qualified Retirement Plan is marketed as the fastest way to earn more than traditional 401(k)s or self-directed IRAs. It is said to be a system that offers complete flexibility, control, and protection of your investments. Unlike any other retirement account, you have the freedom to choose your investments with an eQRP. That sounds like a fantastic way to build wealth and achieve financial freedom. WRONG! 

In today's conversation, Russ, Joey, and the financial freedom coaches discuss why an eQRP is a terrible tool for financial freedom and how it c...

Many people dream of having more money, and you probably have the same goal. But what are you doing about it? Warren Buffett once said, “If you don't find a way to make money while you sleep, you will work until you die.” You probably don't realize that you're losing money while you sleep. But all that is about to change if you pay attention to today's conversation between Russ, Joey, and their guest, Craig Ballantyne.

Top three things you will learn: 

Be careful who you hang out with because being in the wrong company can harm you if you're not careful. We all know that keeping up with the Joneses is a real phenomenon. So, how do you begin to detach yourself from it once you’ve figured out that it’s just not working for you and instead causing you to dig a deeper financial hole every month? 

Aside from that, what else are you doing that prevents you from getting out of your poor financial situation? Who do you listen to for advice? You m...

Did you know that laundromats are a billion-dollar business in the United States? Can you imagine how many quarters there are in a billion dollars?  

Yes, laundromats generate a lot of money. However, not all of it becomes the profit of a laundromat owner. Owning a laundromat also comes with steep expenses like utilities and overhead costs. 

So, how can you make sure your laundromat is profitable? It helps to understand the numbers behind the business, and that's what today's conversation is all about. Let's jump ri...

As parents, we want to ensure our children learn how to make wise financial decisions before they start living independently. But how do we teach them when they're young? How can they know the value of coins and dollars?

It can be challenging for young children to understand the value of money, but as with most knowledge that kids need to acquire, introducing a fun activity can help. For more ideas about helping your kids learn about money and how it works, tune in as Russ, Joey, and the financial freedom coaches discuss the following:

You've probably heard the saying, “The riches are in the niches," but what does that really mean? How does focusing on a specific niche increase your chances of success? Isn't it wiser to try and reach a broader market? Today's conversation between Russ, Joey, and Tom Dunkel will give you the perspective and insights into why discovering your unique ability and specific niche can lead you to financial success. Tom will even teach you how to clone an 8-figure business and let you in on a secret. So don't miss out on this opportunity!

To...

“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.

Tun...

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: 

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 c...

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...

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...

As parents, you have the most influence on how your kids deal with money in their adult life. So, what are you teaching your children that you wished you had learned early in life? There are age-appropriate ways to teach financial literacy to kids. The important thing is to make it simple and fun. Today, Brian McClatchie will share how you can teach your kids about the value of money. He draws from his experience with hiring his five daughters and paying them generously. 

Top three things you will learn: 

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.

Tune in as Russ, Joey, and the fi...

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. 

Tune in to learn how to prepare for retirement and find a community you can depend on while you strive to be independent from your 9 to 5 job.

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.

To help you gain financial literacy and create a solid financial foundation, Russ, Joey, and the financial freedom coaches discuss the following to give you The Financial Freedom Starter Guide:

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 list...

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.

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: 

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?

Tune in and learn from Russ, Joey, and the financial freedom coaches as they talk ab...

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...

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. 

If you want to discover the three key things you need to know before investing, tune in and learn from Russ, Joey, and t...

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...

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.

Are you ready to implement The Rothschild Method? Tune in and learn from Russ, Ernie, and Inner Circle Director David Karcher as they discuss the following topics:

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.

If you feel the urge to follow your dreams, this episode will inspire you to pursue the life you are meant to live.

<...

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.

If you were not able to join the Inner Circle Live in Nashville, or you just want to relive the moments, tune in to hear about the million-dollar moments as Russ, Joey, and...

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...

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...

As AI (Artificial Intelligence) becomes integrated into our daily lives, it has steadily become smarter with every technology that adopts it. With that, there's a growing concern for the safety and future of our jobs. But what if we can learn to use AI to our advantage and make it our ally? What if there's a way for AI to help us run our businesses? What if AI can indeed make our processes more efficient?

In today's episode, Russ and Joey delve into the power of AI with technology expert Joe Stolte. Get ready...

How does being your own bank work? If you want to understand how the Infinite Banking System works, this episode gives you the rundown, specifically the seven points Nelson emphasizes in his book Becoming Your Own Banker. It's amazing how one book can change so many lives. Let it change yours!

In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today, they give you the step-by-step to Becoming Your Own Banker. 

This episode is the final p...

Is financial gain the only reason you're investing, or is it because you want financial freedom to spend more time with your family? Investing part of your earnings is one of the most reliable ways to build wealth over time and create more financial opportunities in the future. As you put your money aside, you need to have a clear plan on what you will be getting into and why you are doing it.

No matter the purpose of your investment, you can make it even more meaningful. If you want to know how to be a...

There’s nothing worse than hitting a roadblock when you’re trying to do the right thing to protect your family, right? For instance, you're trying to purchase a life insurance policy, but your application gets declined. What would you do? There are options out there, so don't give up just yet. 

In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today, they talk about how you can take advantage of setting up your infinite banking system even when you are uninsurable. This is an eye-opening conversation, so ta...

Who would you ask for advice if you want to feel better educated about investing and business and increase your odds of getting great investment results? How do you access the secrets investors won't usually tell you?

Today's episode takes you behind the scenes of a private conversation between Russ and Joey and two of their trusted friends and business partners, Sharran Srivatsaa and Mark Podolsky. It's your chance to learn what experienced investors know so you can use the same insights in your investing journey. 

Top 3 Things You’ll Learn:

Why do people go to college? Is it worth it? While people may debate the value of a college education in today’s economy, many believe that a college education is a crucial investment that can transform one’s life in countless ways.

In this episode, Russ and Joey discuss the cost of getting a college education and the earning potential of a college graduate vs. the future of someone who did not go to college but got a different education to serve them for life. 

If you are a parent preparing to send your child...

Are you financially prepared for the upcoming crash? Where have you been putting your money? As you start building wealth, you must always look for ways to bring in new sources of passive income. Join Russ and Joey as they discuss how much they earned in July for each income stream they have. Learn from their mistakes so you can avoid doing the same things. Discover what works and what doesn't work.  

Top three things you will learn: 

How do you want to be remembered when you're gone? What legacy do you want to leave behind? Do you want to leave all the wealth you've accumulated to your family, or do you want to leave them with the knowledge of how to build lasting wealth so they can do it themselves? Leaving a legacy is more than giving an inheritance, a trust fund, or material things. You must devise a plan to protect your legacy and ensure the wealth-building knowledge is passed to the next generation.

In response to the requests to bring back the...

Are you looking for ways to maximize your tax benefits? There's an often-overlooked tax tool that can save you thousands of dollars. It can help businesses and individuals who have built, bought, upgraded, or expanded real estate investments accelerate depreciation deductions and defer state and federal income taxes. But you must work with knowledgeable and experienced tax consultants who can help you decide if conducting a cost segregation study on your residential rental property or commercial real estate is worth doing. Lucky for you, Russ and Joey are interviewing Geraldine Serrano, a Specialty Tax Consultant at Veritax Advisors, to...

Have you ever considered the actual cost of your purchases? When you spend $100, $500, or any amount, are you really only spending that amount? No. You must also consider time, speed, and control, especially when buying a high-value item and borrowing money to fund it. To fully understand the importance of knowing the real cost of acquisition and getting a higher rate of return for your money, tune in to today's conversation. 

In response to the requests to bring back the BYOB series, Russ and Joey continue their book review of Becoming Your Own Banker by Nelson Nash. 

How do you know if your business idea is good? Is it better to start a business from scratch or buy an existing business? In this episode, Russ and Joey discuss these things with Aaron Shumaker, who began his journey volunteering on his college campus. Years later, he founded two successful businesses and sold his startup for a massive sum. Today, he shares his $100M Entrepreneurial Framework and the lessons he learned. So if you're interested in starting a business or becoming a better entrepreneur and investor, this episode is for you. 

Top 3 Things You’ll Learn:

Saving for retirement can be a challenging task. It is difficult enough for some people to cover their living expenses, and there's little to no money left to put aside for retirement. For others, the challenges include figuring out how much to save and where to put the money so it earns high interest. Hence, many have resorted to traditional retirement plans like 401(k)s and IRAs. But is this really the path to enjoying life after you stop working, or have you fallen for the retirement trap? What options do you have?

In response to the...

Wouldn't it be great to have the choice to keep working or retire early and still have money coming in? Today's guest was able to exercise this freedom of choice, and he will share how he left his high-paying job and went all-in to becoming a real estate investor. 

Tune in to discover if the path he took is something you would want to follow. Discover how to start finding profitable deals and investing in properties even when you don't have enough money for capital. 

Top 3 Things You’ll Learn:

People who have heard about the Infinite Banking Concept but looked the other way continue to be in financial prison. They have not fully understood the multitude of benefits this financial system offers, so they continue to trade their time for money. Others think IBC is a ripoff or a scam because life insurance agents do not know precisely how it works. They are not IBC coaches. If you've been wondering how to start setting up your banking system, Russ and Joey will discuss that in detail today. So stick around and get ready to become your own banker. 

Are you still thinking about which path to take to achieve financial freedom? If you have yet to decide which way to go, or you're looking for a new business opportunity, you would want to listen to this episode with Sophie Howard. 

Sophie shares what she considers the fastest lane to building passive income: buying online businesses. But how would you know which business to buy? Tune in and let Sophie walk you through purchasing online businesses for profit. 

Top 3 Things You’ll Learn:

Where do you go for financing when your business needs to upgrade equipment or buy new tools? Traditional companies often use lines of credit, business credit cards, and sometimes cash to purchase equipment. But there's a financing option that allows you to buy what you need without exhausting your resources.

Today, Russ and Joey discuss a lesson in finance for entrepreneurs. This conversation involves scenarios of using IBC to buy equipment. As Nelson said on page 63 of his book, Becoming Your Own Banker, “This is an exercise in imagination, reason, logic, and prophecy.”

Let's say you...

It's that time of the month again when Russ and Joey review their Passive Income Report. Today, in addition to the numbers for June 2023, they share three key insights from their journey of investing in different wealth-building opportunities. 

Join Russ and Joey as they discuss the following: 

After listening to this episode, please think about this: Can you take and apply what you're hearing fro...

What does financial freedom look like for you and your family? What are you doing to achieve your goal? If you have started building your wealth creation system and want to know if you can put all your income into your Infinite Banking Policy, this episode will give you the answer. Listening to this episode will also challenge your thinking and show you endless possibilities if you are willing to learn. 

In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today they talk about expanding your system t...

Many people dream about quitting their jobs. They want to drop out of the rat race and find a way to spend more time doing what they really love. How can you live a life of your design instead of living your life in default mode? 

In this episode, Lifestyle Investor Justin Donald joins Russ and Joey to share how he was able to retire his wife with just one deal. Justin also talks about the four core principles that guide his investment decisions. The same principles are outlined in his book, The Lifestyle Investor, and he a...

If you're still trying to wrap your head around the Infinite Banking Concept (IBC) and how to use it to build passive income, this is your chance to understand it fully. In this episode, Russ and Joey delve deeper into the concept of becoming your own bank. They present the story of two sisters, which compares what it's like to put your money in two different instruments. They also illustrate how to make your money work to get you more money. Take advantage of this opportunity to discover this powerful system. 

In response to t...

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!

Top 3 Things You’ll Learn:

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. 

In response to the requests to bring back the BYOB series, Russ and Joey c...

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.

Top 3 Things You’ll Learn:

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...

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...

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!

I...

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. 

In this episode, Russ and Joey discuss the possibilities of investing in a new asset class available passively to investors. Mike Vranjkovic, Managing Partner of WebStreet, joins them to hash out the details. 

Top 3 Things You’ll Learn:

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.

In re...

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.

If you want to invest in multifamily properties, today's episode with Robert Pereira of ARC Multifamily Group has a lot of valuable information for you. 

Top 3 Things You’ll Learn:

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. 

In response to the requests to bring back the BYOB series, Russ and Joey continue their book review and discuss the problem in Becoming Your Own Banker (BYOB). 

Th...

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.  

Top 3 Things You’ll Learn:

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. 

In this episode, Russ and Joey use the same grocery store scenario to answer, “Why should I pay interest to borrow my ow...

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. 

In today's episode, Russ and Joey chat with Scott Meyers, founder and CEO of Self Storage Profits, Inc., about the potential of self-storage as a pathway to financial freedom. They also discuss how deals are made in self-storage. So if you're looking for a place to make your money work, this episode might lead you d...

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 t...

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 i...

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.

In today’s conversation, Russ, Joey, and the Wealth Without Wall Street financial freedom coaches discuss their experiences on the following lessons from investing failures.

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...

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 an...

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. 

Top 3 Things You’ll...

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. 

The road to financial freedom is challenging, so you need the help of someone who has reached that destination. Today, Russ, Joey, and the Wealth Without W...

Can you think of anyone who wants to pay more taxes? So how do you minimize your tax liability? Understanding the tax credits and deductions you're eligible for, and calculating them correctly, can mean the difference between paying more taxes and receiving a generous refund. That's just one of the many strategies to make sure you're not leaving money on the table. 

Join Russ and Joey as they sit down with Tommy Thornburgh, President at Prime Corporate Services. This company offers the resources and support that allow entrepreneurs, investors, traders, and small business owners to thrive.

What does your retirement plan look like? Are you like most people who believe that the best strategy is to work, save and then retire? Do you put your money in qualified retirement plans? If so, it's time you discover creative options to build wealth instead of just waiting for your retirement plan to mature.

Learn from Russ, Joey, and the financial freedom coaches as they talk about the following:

You’ve probably heard the adage, “Make money while you sleep.” That’s precisely what many people have been trying to learn, and this podcast shares different passive income ideas that you can explore. 

In today's episode, Russ and Joey discuss their Passive Income Report for March 2023. Aside from getting the behind-the-scenes of each opportunity they've invested in through the years, you will discover how to build passive income through information courses, affiliate marketing, and much more. You will also get the chance to learn the secret to investing in syndications. 

So if you're trying to decide...

Online markets are booming with opportunities, and there are billions of dollars to be made in e-commerce. But how much capital do you need to set up an e-commerce business? Where do you find products to sell? How much time do you need to dedicate to running this business? If you want to make real money selling products online and make it your path to financial freedom, you can learn a lot from today's conversation.

Tune in as Russ, Joey, Eric, and Amazon FBA expert Daniel Espy talk about the following:

What if you want to invest in a huge deal but need more money? No need to worry! All you have to do is find friends and family members willing to invest with you. This process is made more accessible and streamlined using a platform called Tribevest. 

In today's episode, Russ and Joey interview Travis Smith for the second time. Travis is the founder and CEO of Tribevest, a collaborative group investment platform that enables friends and family to organize as an investor group, pool money, and manage joint investments.

So if you have questions a...

Is investing in crypto your path to financial freedom? As a result of the surge in the popularity of cryptocurrencies, more and more people are putting their money into cryptos. But it takes more than doing what others say or do without fully understanding what's at stake. So do you really know how this asset class works? Do you understand the risks? If you want to get more information, you're in luck because today's conversation is about breaking down crypto as a passive income option.

Tune in as Russ, Joey, JD, Mark, and blockchain expert Courtney Moeller...

As you pursue financial freedom and participate in different wealth-creation opportunities, you come across many crucial discoveries. But one important thing to remember is that every financial goal needs a financial plan. And to help you craft and implement your financial plan, you need a Money Coach. 

In today's episode, you will hear from Sharran Srivatsaa, who shares the ten lessons he learned from his Money Coaches (no other than Russ and Joey). 

The lessons he shared are a combination of lessons for life, tactics for investing, and a way to think about a bigger an...

Imagine your life if you didn't have a system or framework to do everything. It would be chaotic and frustrating! 

If you want to avoid simplicity or efficiency in doing things, especially in managing your finances, you should definitely not set up a passive income operating system. Plain and simple. 

But what if there's a better alternative to not having a system? Wouldn't you want to know about it?

As you hear the coaches give their thoughts on the following topics, you will be able to decide for yourself whether you should or sh...

How do you keep your financial records organized and easily accessible? Do you want to see where other people are investing? If you want to build a strong investment portfolio, what you need is an all-in-one wealth management solution to maximize your profits and simplify your financial life. 

In today's episode, Russ and Joey interview Litan Yahav, Co-Founder & CEO at Vyzer, a secure, automated, online wealth management solution that helps investors track, monitor and gain insights into where their money is going and how to maximize its potential.

Top 3 Things You’ll Learn:

As you search for passive income opportunities that fit your lifestyle and personality, why not consider investing in syndications? One huge benefit of syndications is the ability to leverage other investors' resources and capital to get involved in bigger deals. It also offers additional benefits such as substantial tax benefits and a steady cash flow. If you have questions about investing in syndications, today's roundtable breaks it down for you. 

Tune in and discover how investing in syndications could be the best passive income option you've been looking for:

Just recently, we witnessed a US bank's biggest failure as the tech industry's primary lender succumbed to a classic bank run. The collapse triggered market panic as bank customers frantically tried to recover their money. Within the same week, a few more major banks ran into trouble. With banks failing, people are asking, "Is my money safe?"

In today's episode, Russ and Joey talk about recent events and share their insights on the places where you can put your money instead of keeping it in the bank. They also discuss their Passive Income Report for February 2023, and...

If you want to start or add a passive income stream this year, why not check if a car rental business can work for you? After all, people are always traveling, and many need a vehicle while on the road. That means a car rental business has steady demand and can be very lucrative. However, you’ll have to work hard and be patient as you start this business. 

Learn as much as you can about the car rental space as you listen to Russ, two Financial Freedom Coaches, and a car rental expert discuss the following:

Did you know that having short-term rentals in your portfolio can be a powerful wealth-building strategy? Even better, you can do it as a passive investor so you can spend more of your time with your family, hobbies, and adventures and live a wonderful life. Find out how in today's episode with Sief Khafagi, CEO and co-founder of Techvestor, which acquires and operates STRs (short-term rentals). 

Top 3 Things You’ll Learn:

Many of us can learn how the rental business works faster than any other investment. It's simple and profitable and can be your gateway to passive income if you're willing to patiently grow your wealth over the long term. 

As long as people need a clean and warm living environment and properties are being built, there will always be a demand for long-term rentals. But is acquiring and managing long-term rentals for you? 

Tune in and find out more about the long-term rental space as Russ, Joey, and the Financial Freedom Coaches (with the special pa...

Did you know that Russ and Joey have written a book? Thats right! A ghostwriter helped them turn their financial freedom ideas into a valuable resource for people who want to build passive income and achieve financial freedom. 

In today's episode, Russ and Joey interview John Feldman, the guy who helped them write their book. They talk about what it's like to learn about IBC from the point of view of a ghostwriter helping aspiring authors get their insights and ideas out into the world. 

John is the founder of Visionary Literary and the host of...

If you've traveled to different places, you would have stayed in a short-term rental property or used Airbnb to find suitable accommodation. And you're not the only one. A growing number of people are choosing to stay in short-term rental properties instead of hotels, so if you're planning to venture into real estate, consider investing in short-term rentals (STR). After all, a short-term rental investment remains lucrative in 2023.

To learn more about STR, tune in as Russ, Joey, and the Financial Freedom Coaches discuss the following:

Tactical ways to find short-term rentals

How...

Becoming financially free does not have to be difficult. But it is! It is complicated because we constantly get distracted by many things in our busy lives. We don't know what to do, and we don't have time to figure it out. But what if someone can show you how to install a system to put your finances on autopilot?

In this episode, Russ and Joey explain the Passive Income Operating System to teach people how to automate their financial system while they go on living their busy lives. If you want to learn how to do...

Investing in raw land is one of the best ways to make money in real estate. But it is also the most overlooked opportunity. Land flipping is a pretty simple concept, and it's probably better than every other real estate business model out there. 

However, everything worth doing takes a lot of work to accomplish. So before you get started flipping land, you need to understand your Investor DNA and see how well your personality fits into this type of business. 

To learn more about land flipping, tune in as Russ, Joey, and the Financial Fr...

How many 22-year-olds do you know get a vision for financial freedom and crush it in just three years? Today's episode is about someone who went on to pursue something completely different than what he trained for. 

People with stable jobs usually take the safe route of going to work every day and waiting for the paycheck that comes twice a month instead of trying something different. They make their dreams wait for the perfect time until it's too late. But Josh Ferrari took the plunge and ventured into a path he had no previous experience of, b...

Are you confident about how you set up your first insurance policy? Do you really know the components of it? You often set it up the way someone else thought was the best design for your policy, but that someone has a very limited understanding of the process. So where do you go to seek the right information?

Today's conversation covers the differences between the base premium in a dividend-paying whole life insurance policy vs. the PUA (Paid-Up Additions). Also, Russ, Joey, and JD talk about the timing of how everything works together on your path to...

With the many passive income ideas shared in this podcast, you may have difficulty deciding which would be the best for you. However, the ideas shared here are not meant to confuse you but to make sure you understand the available options. Then with tools like the Investor DNA, you can pursue opportunities most aligned with your skills and personality, giving you the best chance to succeed. 

In today's episode, Russ and Joey go through their different passive income streams and provide insights on each one so you can learn from their experiences. 

...

Are you utilizing IBC to build passive income? If so, should you be concerned about the internal memo issued by an insurance company to their salesforce condemning certain life insurance sales practices, which includes associating its products with Infinite Banking? Are Insurance Companies Anti-IBC?

Certain articles and reactions mention that the insurance company will supposedly reject life insurance applications if the policy for which the proposed owner applies is “based on such a concept or strategy” as the Infinite Banking Concept. So do we know why they are shutting down IBC?

Tune in a...

If you had to choose between a lucrative, high-profile job and spending time with your family, which would you choose? While many would want to be with their family, the pressure of earning money often gets in the way. But what if you've built enough nest egg? Where would you invest the money to build a passive income stream?

Does the thought of lending your money for a fair rate of return appeal to you? If you're interested in trying it out, join Russ and Joey today as they chat with Liam Leonard, founder and CEO of...

Have you set your heart on a passive income stream that will get you to financial freedom? What makes you so sure about it? Unfortunately, people usually get excited about good deals without truly understanding what makes it a good investment. There are many passive income ideas that you can explore. But first, you must know which one you're compatible with and choose the one that best suits your Investor DNA. Much like falling in love, finding the right one involves compatibility and commitment. Don't get involved with too many things at the same time. If you need help...

When you have four young kids, you would naturally do whatever you can to give them a better future. You will sometimes come up with so many ideas that you can't wait to pursue. And there's definitely nothing wrong with trying different things. But how many times can you take action in the wrong direction before you run out of luck? You just can't afford it. When you don't understand your Investor DNA, you will end up chasing different investment opportunities and get frustrated when things do not work out. So if you're interested in finding your path to...

How would you feel if you were running your own bank? If you have no idea about it but want to know how to implement it, this episode is exactly what you need. Today's conversation is about the core of the Infinite Banking Concept (IBC) and how to become your own banker, as discussed in R. Nelson Nash's book. A number of wealthy people use this concept to grow multi-generational wealth and create financial freedom for themselves and their children. So get ready to find out more about the Infinite Banking Concept. 

Tune in and hear Russ, J...

Are you interested in buying properties without using your own money? Many people are learning how to use other people's money to invest in real estate. If you're willing to learn, there are creative ways to finance your purchases. Today's guest will show you how in this episode of Wealth Without Wall Street. 

Pace Morby is one of the hosts of the TV show The Triple Digit Flip. He is originally a contractor who was hired on as a flipper for some popular iBuyer portfolios. Pace flipped over a thousand homes a year but did so without b...

Passive income is an excellent way to generate extra income, whether you have a side hustle or a small business venture that gives you additional cash flow each month. With passive income, you can have money coming in even while you pursue your nine-to-five job. Then, when you can finally build up a solid passive income stream, you might want to leave your full-time job. Either way, a passive income gives you that security. If you think you must be an entrepreneur to create passive income, that's not exactly the case. 

Tune in and hear Joey and t...

Building passive income streams is something that many people want to achieve. But first, let's be clear that passive income ideas require an upfront monetary investment or time investment. How do you start investing in something that will bring you consistent income without much effort on your part? 

In this episode, Russ and Joey talk about their 11 passive income streams, which brought them $523,201 net income for 2022. Listen up as they discuss the pros and cons of investing in each income stream and see if something would work for you. Focus on one thing at a time, then e...

What was the first live event you attended this year? How was the experience, and what was the most memorable thing, lesson, or conversation you had from that event? As Russ and Joey would say, live events change lives. If you missed joining the Inner Circle Live Event, this is your chance to hear valuable ideas as the Wealth Without Wall Street Team shares their biggest takeaways. Feel their excitement as each of them experienced light bulb moments while sitting in the room with experts in the different fields of investing and passive income opportunities. 

So tune i...

As you think about your strategies for building wealth in 2023, you might want to consider doing syndications. If you need help with how it works and why it's an excellent investment strategy, today's guest can help you. He will also share what passive income strategies will work in 2023, what asset classes he's personally considering, and a few more helpful details on navigating the world of investing. 

Dave is a returning guest. He was first featured in September 2020, where he talked about how ATM investing works. He is the founder and CEO of The Real Asset Investor, a c...

Would you ever have a mentor who has yet to do or be where you want to be? Of course not! The easiest way to know that you're working with the right Financial Freedom Coach or mentor is when your goals and aspirations are aligned with theirs. When they can show you what they have accomplished using the systems and processes that they are teaching you, and they live the life you envisioned for yourself, you know you're in good hands. As you evolve and grow, you may also need to work with different mentors. So, where do you...

With the different passive income ideas out there, have you ever thought about investing in the Oil & Gas industry? If you want to know how to participate in this type of investment, this is your opportunity to learn from Eric Rice. He is the Chief Growth Officer at King Operating Corporation, an independent oil and gas operator with over twenty-six years of experience developing and producing oil fields in Texas, Oklahoma, Kansas, Colorado, and Wyoming. This episode is for you if you are interested in exploring a new investment strategy that offers cash flow and tax savings. At the...

If you've heard about the Infinite Banking System as a tool to build passive income but still have questions, this episode might have the answer you seek. Today's conversation answers questions many people ask when they first hear about IBC and how to build passive income. It's time to clear those doubts, get answers to your burning questions, and take action. 2023 is the year you move forward with your financial freedom journey; it all begins right now.

Tune in and hear Russ, Joey, and the Financial Freedom Coaches share their answers to questions about the following:

Is it the end of crypto? Cryptocurrency has always been volatile. However, 2022 has seen the most unpredictable changes in the prices of popular cryptocurrencies. In fact, some crypto companies are facing bankruptcy because of the plunge in prices. What caused the downturn? Will the crypto market ever recover? Listen to this insightful conversation between Russ, Joey, and their guest, Bob Burnett.

Also known as “Bitcoin Bob,” he is the founder and CEO of Barefoot Mining, a company focused on developing “horse-class” mining sites. Bob is a vocal proponent of expanding diversity in Bitcoin mining site geography, scale, and ener...

As we start the New Year, people from all walks of life write down their New Year's Resolutions for 2023. It has been a practice for a lot of people year after year. What about you? Do you believe in making New Year's resolutions? Why do you think many people fail at keeping up with their resolutions? Is there a better way to plan and achieve what you want? You will find the answers to these questions in today's round table. 

Tune in and hear Russ, Joey, and the Financial Freedom Coaches talk about the following:

It's almost the end of the year, and it's time to evaluate what we have achieved and decide what we need to start, stop or continue as we begin the New Year. Russ and Joey have come a long way since the first time they shared their Monthly Passive Income Report. To this day, they have never stopped giving value, sharing passive income ideas, and allowing people to take a look at their numbers so they can inspire those who want to achieve financial freedom. Wherever you are in your journey, the Monthly Passive Income Report is a source...

Is there something more important than profitability? It's cash flow. It's a critical indicator of your overall financial health. Knowing what affects your cash flow and having the ability to limit unnecessary cash outflow can help you prepare for challenges. But more importantly, you must continuously find creative ways to increase your cash flow to fund your investments and grow your passive income streams. 

Today, Russ, Joey, and the Financial Freedom Coaches talk about the following aspects of increasing your cash flow:

Is the deal worth doing? This is a question we must ask before engaging in a transaction. However, we often chase after things that are not worth our time and later regret it. So how can we save ourselves from such a predicament? Follow the advice of today's guest, Jeff Stephens, to determine if you should move forward with the deal or not. 

Jeff is the Founder of The Thoughtful Real Estate Entrepreneur and host of the podcast Racking Up Rentals. He is a full-time real estate entrepreneur and real estate investing mentor, coach, and podcaster. Jeff w...

Christmas is only a few days away, and you're probably wondering if you've got gifts for everyone on your list. Will they appreciate your gift? What about you? Have you thought about what to give yourself? We often think about other people more than ourselves. But there's nothing wrong with wanting something, especially when it comes to achieving your goals. So start thinking about yourself and invest in a course, coaching, or mentorship program to help you reach financial freedom. 

Today, Russ, Joey, and the Financial Freedom Coaches talk about the following:

Sometimes we are compelled to make a decision that would forever alter the direction of our lives. And that's the very thing that happened to Tate Litchfield, a successful student of The Land Geek Program who has built passive income by applying what he learned from Mark Podolsky. But before that, Tate was supposed to go to Law School, So what made him change his mind? And why land flipping? Tune in to find out the full story in today's episode of Wealth Without Wall Street. Let's dive in!

Top 3 Things You’ll Learn:

It's the last month of the year, and it's time for reflection. Looking back, what are you thankful for? What do you wish you could have done differently? What are your plans for next year? A year-end review is crucial before you do any strategic planning for 2023. How will you know what to change if you don't do a year-end reflection?

Tune in as Russ, Joey, and the Dream Team of Financial Freedom Coaches talk about the following:

Is it a good idea to start a business right now? While many people are on a wait-and-see attitude due to the looming global economic downturn, is there a business that can withstand the impact of recession and inflation? There's one business that can do just that. E-commerce has sold more products in the last quarter than any other year. And for the first time, mobile sales have surpassed desktop sales. What does this mean? Joining Russ and Joey to talk about these things is returning guest Neil Twa. 

Neil is an Amazon FBA Expert who teaches h...

Wall Street, the most important financial center of the world, initially referred to the select group of independent brokerage firms that dominated the U.S. investment industry. As the trading hub of the biggest financial markets, Wall Street has dramatically influenced the American economy and the world. As a result, many people, especially our parents, have turned to Wall Street, hoping to accumulate wealth for their retirement. But is that the right move? With no one else to rely on other than their financial advisors and fund managers, people are vulnerable to fluctuations in the value of their investments...

Are you interested in getting into the short-term rental (STR) business? The biggest potential threat to you in the STR space is starting on the wrong foot and getting behind. But as long you know what to do and what you need to avoid, you won't regret investing in the STR space. So tune in and get some practical tips and insights as Russ and Joey interview their STR Operator and STR Course facilitator, Clint Lovette. 

Clint is a professional remodeling contractor who pays attention to detail and always strives to provide the best possible experience for h...

Teaching kids about money is an uncommon practice in most households. Because of this, a lot of kids have a distorted view of money and its role in our lives. So who do you expect to teach your kids about money? As parents, it is your responsibility to educate your kids and prepare them to have a healthy relationship with money. Start early using practical activities and setting a good example for them to follow later. Discussing financial decisions with your kids paves the way for them to learn how to make wise financial decisions of their own. 

There are turbulent times ahead within our economy, and it's only wise to talk about some practical things people can do to create safety. People fear things they do not understand. So one thing we can do to be confident during these uncertain times is to educate ourselves and learn to take control of our financial functions. Understanding how money works is a crucial factor for our financial success. In this episode, Russ and Joey discuss their October passive income report and ponder the strategy they should be doing as they approach 2023. A word of advice: Don't start the...

Tax preparation is one of the challenges faced by anyone earning an income. Realizing that you're giving away a massive chunk of your income instead of that money going into your pockets is a stressful thought. But what can you do legally to minimize the taxes you pay? What advice have you received from other people? What does your CPA know about taxes that would benefit you? These are the questions that will be covered in today's roundtable. 

So tune in to this conversation with Russ, Joey, and the Dream Team of Financial Freedom Coaches as they t...

What does it mean to become part of someone's inner circle? Access to life-changing lessons, support, and influence are just a few words that describe the benefits of being a part of a winning circle. In today's episode, Russ and Joey engage in a value-packed discussion with three Inner Circle members. Jonathan Day, Matthew Hammond, and Brent Noblitt talk about how they started their financial freedom journey and became friends as they shared their experiences. If you want to compress time and get years' worth of information in under an hour, make sure you listen to this episode. It...

The Infinite Banking System is life-changing. However, many people are unaware of its potential to help achieve financial freedom. In fact, a lot of so-called financial advisors would not encourage you to do it. There are a number of different beliefs that people have about life insurance policies and IBC, which prevents them from implementing this financial system. So how do we know the truth between what we know, what others say, and what we hear from the financial industry?

Tune in to this conversation with Russ, Joey, and the Financial Freedom Coaches (with new Coaches on...

As you try your best to provide for your family or build your business, you tend to spend too much time away from them, and before you know it, your kids have all grown up, and you barely know them. So how would you like to give your family the same focused energy and attention as you do with your business? Today's guest lays the foundation for building lasting relationships with your spouse and children. 

Jim Sheils says you only have 18 summers with your children, so make them count! Discover how to make each conversation meaningful and m...

What do you have in your buy box? Paying attention to building your Investor Buy Box gives you the clarity to decide what factors are important to your overall financial strategy. Having your buy box criteria helps you efficiently filter a vast array of investment opportunities specific to your Investor DNA and the most desirable asset class for you. So have you built your buy box? 

Tune in to this conversation with Russ, Joey, and the Financial Freedom Coaches as they talk about the benefits of building your Investor Buy Box:

Have you ever wondered what it's like to join the Passive Income Mastermind Retreat? Well, live events change lives. No doubt. That statement is especially true for the recent Passive Income Mastermind event. If you weren't there to experience the life-changing gathering, this is your chance to hear the billion-dollar takeaways from the retreat. So don't miss out! Listen up and get access to super powerful ideas that will change the way you view your current situation. 

In this conversation, Mark Podolsky and Sharran Srivatsaa join Russ Morgan and Joey Mure to discuss their biggest takeaways from t...

Time is a limited resource, and it goes by so quickly. So how does the knowledge of having very little time per day influence the way you make life-altering decisions? Would you have made very different decisions ten years ago versus ten years into the future? Why or why not?

Tune in to this conversation with Russ, Joey, and the Financial Freedom Coaches as they talk about how the 10-year accelerator question could shift your decision on the following:

If you want better control of your future...

The September Passive Income Report contains so many lessons. As always, you can find inspiration in the things Russ and Joey are doing, or you can explore your own ideas. What works for them may not exactly work for you, but there are people in the Wealth Without Wall Street Community who are always ready to provide guidance, and there are courses you can take.

For September, a large chunk of Russ and Joey's income came from their land and short-term rental businesses. Unfortunately, they had a temporary setback in their Ethereum Miners. Still, they were able...

Many feel that, no matter how much money they make in their active income, they are still behind financially. If you think you're in the same situation, this episode is for you. So listen up and take the opportunity to gain clarity and discover ways you can get ahead in your financial freedom journey. 

Tune in to this conversation with Russ and the Financial Freedom Coaches as they talk about the following:

If y...

When a business owner or shareholder is held personally liable for the debts owed by their business, that’s called “piercing the corporate veil,” and it happens in almost half of all lawsuits against single-member, small corporations, and limited liability companies (LLCs). So how can you protect yourself from a similar situation? Forming an LLC or corporation can protect your assets and offer other benefits. But only if you do it right. That's what Russ, Joey, and their guest, Garrett Sutton, will discuss in today's episode. 

Garrett Sutton, Esq. is a corporate legal expert and the personal asset p...

If you want to expand your business or reach, forming a joint venture is one of the best ways. The opportunity to create joint ventures is tremendously exciting. It gives you access to more resources and technical expertise that you do not currently have. However, creating a joint venture is a big decision, and the setup depends on what you are trying to accomplish. So what would it take to create a joint venture? 

Tune in to this conversation with Russ and the Financial Freedom Coaches as they discuss the three critical points of a joint venture:

The concept of counterfeit financial freedom is something that many people are not aware of. But once you experience the real thing, you'll never go the other way. Today's guests, Niti Jamdar & Palak Shah, have achieved true financial freedom through real estate investing using the BRRRR Method. This dynamic duo is known as The BRRRR Experts and Retired High Earners at 40. Tune in to this episode to discover how to build wealth by buying, rehabbing, renting, and refinancing your property, then repeating the process many times. 

Top 3 Things You’ll Learn: 

The best thing about being in the right community is getting support and guidance from like-minded people. In today's round table, Russ, Joey, and the Financial Freedom Coaches gather to answer questions from the community. The questions revolve around Infinite Banking, passive income, creative options, etc. Tune in to hear reliable information from these experts who have been implementing what they teach. 

If you want better control of your future, join the Wealth Without Wall Street Community: https://www.wealthwithoutwallstreet.com/community

Take advantage of a F...

With competition and interest rates rising, is it still a good idea to venture into short-term rentals? Today's guest says YES! Kyle Stanley created his path to financial freedom through Airbnb. Kyle teaches others how to navigate the challenges of starting and growing a short-term rental business through his Mastermind sessions and his Mentorship Program. He started The Fearless Investor in 2019 (originally called Fearless Flipping) to help others learn about investing in real estate.

Kyle is a returning guest. You can catch his previous episode here: https://www.wealthwithoutwallstreet.com/podcast/the-fearless-investor-kyle-stanley

...

Did you know that the biggest challenge to financial freedom is the lack of access to cash? But who said you need to use your own money to start making deals and building wealth? Russ even says that writing a check is the worst way to make a deal.

In today's round table, Russ, Joey, and the Financial Freedom Coaches discuss three ways to invest in deals without writing a check. So get ready to learn how to leverage the following resources to participate in investment opportunities. 

When you invest in different businesses, there will always be times when you'll experience hiccups, get distracted, and slow down on your marketing efforts. Other times, some things happen beyond your control. For August, Russ and Joey had some challenges which negatively impacted their passive income. Pay attention as they discuss the events of the past month, the lessons they learned, and what they could have done differently. They also share some exciting updates, like the sale of Chelsea Manor and the rebirth of 100 Unicorns. 

August 2022 Income At-A-Glance:  

Gross Income for August: $458,825.43

Total Exp...

IRAs and other traditional retirement plans are designed to be left untouched until you retire. But what if you need cash flow for significant expenses? Should you make an early withdrawal? Your IRA has a hidden penalty you probably didn't even know existed—think about that for a second. Are you willing to pay the penalty? Tune in to today's discussion that covers 3 key aspects of your IRA so you can fully understand how much you pay in penalties when you put your money where it should not be.  

Did you know that investing in raw land has more potential than investing in other forms of property? In fact, land flipping has been a steady source of passive income for Russ and Joey for the last couple of years. 

In today's episode, they interview The Land Geek, Mark Podolsky. Mark has been buying and selling land full-time since 2001 and has completed around 6,000 land deals with an average ROI of over 300% on cash flips. Isn't that a great path to financial freedom? So if you want to know how to start your own land flipping business, tune i...

When thinking about investing, are you the type of person who wants to try different things and see what works out the best, or are you someone who knows exactly what you want to do?  Science has proven that genetics plays a role in determining your natural tendencies. In the same way, knowing your Investor DNA will help you determine which investment opportunities are more suited to your personality. So, if you want to eliminate the frustration of doing trial and error, it's best if you find out more about your Investor DNA.

Discover how knowing about t...

How often have you seen a deal but hesitated because you didn't have enough capital or felt you didn't have enough support? Of course, doing things all by yourself can be challenging, especially when investing. But what if you have a tribe of people rooting for you and ready to support you? 

In this episode, Joey and Russ interview Travis Smith, Founder & CEO of Tribevest, a collaborative group investment platform that enables friends and family to organize as an investor group, pool money, and manage joint investments.

To understand more about how you can start e...

Do you consider failure as a sign of defeat? Maybe if you give up after a few tries, but not if you choose to move forward. Nobody wants to fail, but you need it for your growth. Failure allows you to build wisdom, character, and resilience. There is no single path to success; as long as you learn from your failures and keep trying, you will eventually achieve your goal. So don't let failure paralyze you. Instead, let it teach you how to face your fears. 

Tune in to the Financial Freedom Coaches as they discuss the f...

Taxes take away a big chunk of our income. No wonder most people look at it negatively but did you know there are legitimate ways to reduce your tax payments? Today's guest believes that taxation is actually one of the most powerful tools for wealth creation. 

In this episode, Joey and Russ interview Tom Wheelwright, an entrepreneur, bestselling author, Rich Dad Advisor® & International Authority on Tax. He is the CEO of WealthAbility, a company that offers a clear and simple guide for reducing taxes to start building your massive passive cash flow. Tom's goal in life is “to m...

Someone said that accountability breeds trust among individuals and their groups and increases the likelihood of success. It helps you strive to be better than the last time. It gives you the confidence to move forward, even during challenging times. 

Today, the Financial Freedom Coaches participate in the 3rd Quarter Update covering the following items:

What do Wall Street and organized crime have in common? That's what we're going to find out from today's guest. But, if that's not enough to get you listening, there are other reasons you should, especially if you're interested in learning more about real estate investing and becoming an empowered investor. 

In this episode, Joey and Russ interview Jason Hartman, CEO of Empowered Investor and Real Estate Tools. Jason is the host of Creating Wealth Podcast and a successful entrepreneur, public speaker, author, and media personality.

Top 3 Things You’ll Learn: 

If you’ve spent some time listening to this podcast, you’ve probably heard a lot about the Infinite Banking Concept or what Nelson Nash called “Becoming Your Own Banker.” You've probably also heard about how you can create passive income streams and build wealth using your life insurance as a source of cash flow. So what else can you do with IBC? How can you supercharge your Infinite Banking System? Get ready for another supercharged conversation in today's Round Table. 

Tune in as Russ, Joey, and the Financial Freedom Coaches discuss the following: 

What is that one dream you're not willing to give up on? Russ and Joey's vision is to have a 200% passive income greater than their monthly expenses. Everything they've been doing is aligned with that dream. What about you? What are you doing to achieve your goal?

If you're not sure what the next steps are to pursue your dream, tune in to this episode. You might discover an idea that will inspire you to take action. 

July 2022 Income At-A-Glance:  

Gross Income for July: $129.820.05

Total Expenses for July: $71,463.61

Many people rely on banks for several reasons, like saving a portion of their income for future use, obtaining loans to finance huge purchases such as cars or houses, or taking out business loans. However, do you realize that banks then take control of your cash flow? They also make sure that some form of collateral protects their interest. So why don't you just BE THE BANK? What are the benefits of becoming your own banker?

Today, Russ, Joey, and Ernie talk about the following benefits of Being the Bank: 

Do you remember what your main focus was in your college days? And how many college students do you know think about investing in real estate or buying land even when they don't have a lot of cash? In this episode, Russ and Joey interview Michaela, a senior college student who got interested in land flipping while listening to a podcast. She then decided to take action and jumped on a free call offered by The Land Geek, and that was the beginning of her journey to financial freedom. Tune in to hear this inspiring story. 

Do you need to hire a coach? Many of the world's most successful people, like famous athletes and business owners, have coaches to help accelerate their success. Coaches can indeed point you in the right direction. But some people believe they'd be fine on their own. If you're one of those who are unsure of the benefits and value of having a coach, this conversation is exactly what you need to hear. 

Today, the Financial Freedom Coaches gather to exchange ideas on the following areas impacted by coaching: 

What other things can you do with your property aside from turning it into a short-term rental property? For example, did you know that it's possible to turn it into an assisted living residence? Let's hear the details from someone who has developed the system to do this kind of thing. 

In this episode, Joey and Russ interview Chuck Bongiovanni, CEO and Co-Founder of Majestic Residences Franchise System, a senior residential care home franchise. Chuck was the founder of CarePatrol Franchise Systems in 2009, the largest franchised senior placement company. Today's conversation will give you a different perspective o...

Choosing between paying off your debts and investing the money is a difficult decision, mainly because people are led to believe that debt freedom is the same as financial freedom. So they strive to pay off their home mortgage–the biggest debt they probably have–as soon as possible. But is this the best way to get to financial freedom? When is the right time to pay off your house? What is the alternative? 

Today, the Financial Freedom Coaches gather to exchange ideas on the following topics: 

Unemployment with no other source of income is a dreadful thought, especially for someone raising a family. That's why it is wise to have alternative income streams during these uncertain times. But how do you do that? 

In this episode, Joey and Russ bring in Jeff Wagner, a member of the Passive Income Mastermind. Jeff experienced losing his job and had to think quickly about his next steps. He now owns 58 properties that allow him to earn more than he was making annually at his job. Jeff's story is one that many can relate to. If you w...

What comes to your mind when you hear the word EXPERT? What do you expect from someone who calls themselves an expert in a particular field? In today's episode, the coaches delve into this topic as many people claim to be experts in financial planning and using IBC to create generational wealth. But, who can you trust if you want to learn more about IBC? 

Today, the Financial Freedom Coaches gather once more to exchange ideas on IBC 301 or the expert-level utilization of Infinite Banking, and how the following topics come into play:

It's another good month for Russ and Joey as they present their June 2022 Passive Income Report. After working with several mentors and engaging in different business ventures, they have come a long way in their passive income journey. But there are still many lessons to be learned. 

If you're wondering how you can start your own journey to financial freedom, tune in to this episode. You might find an opportunity that will inspire you to take action. Let's dive in!

June 2022 Income At-A-Glance:  

Gross Income for June: $164,320.25

Total Exp...

When investing your money, you naturally want a higher return. But what exactly is a good rate of return, and how can you improve your chances of getting back more than your initial investment? There are three specific ways to do it. 

Tune in to this round table as the coaches talk about how the following tools can accelerate your rate of return:

If you want better control of your future, join the Wealth Without Wall Street Community: https://www...

As we look into different business models and wealth-building strategies, this conversation will certainly provide new insights into growing your business in a fast and profitable way. 

In this episode, Joey and Russ speak with Tom DuFore, CEO of Big Sky Franchise Team. Tom supports and consults with Big Sky Franchise Team’s clients on their expansion and franchise efforts. He has the unique ability and knowledge in franchising, having been a franchisee, a franchisor, and a franchise supplier. Tom also worked as a Franchise Consultant for different companies. 

Top 3 Things You’ll Lea...

Having a huge amount of debt can be overwhelming. Hence, many people prioritize paying off their debts instead of putting their money elsewhere. They put off investing in money-making assets until they are debt-free. But is that the right path? Debt freedom is a silent threat. It is masked as financial freedom. In reality, debt freedom and financial freedom are two very different scenarios. 

Tune in to this round table as the coaches talk about the following:

Many entrepreneurs start their businesses out of necessity or by opportunity. But entrepreneurship is not always easy, especially at the beginning. So how do you learn everything you need to know to build a successful business? You never really get the know-how from the traditional education system. College education does not fully prepare you for an entrepreneurial life. But mentors, partnerships, and swimming upstream will help you. 

In this episode, Joey and Russ speak with Tyler Cauble, author of the best-selling book Open For Business: The Insider's Guide to Leasing Commercial Real Estate. He is the founder o...

Before focusing on any goal, you should have a clear reason. WHY is it important to you? How would achieving a specific goal change your life? Today’s discussion is all about becoming financially free. Financial freedom can mean different things for different people. Many people want to have the freedom of choice to do the things they love and design their perfect days. What about you? Why do you want to become financially free?

Tune in to this round table as the coaches talk about the following:

Imagine if someone introduced you to a land flipping podcast where you can learn how to buy and sell raw land and turn it into monthly note income. That income then grows so rapidly that you must decide between going down the path you have been trained for or pursuing a life of financial freedom. What would you do? That’s an easy decision, right?

In today's episode, Joey and Russ interview Brent Bowers, CEO of Zech Buys Houses LLC and Land Coach at The Land Sharks. Over the last seven years, Brent has built a business th...

In today’s conversation, the Financial Freedom Coaches go back to the basics as they talk about when they first learned about the Infinite Banking Concept (IBC) and what problems it has solved for them. This is an important discussion in case you haven’t decided yet if you want to go all-in and implement IBC to help you reach your financial goals.

Tune in to this round table as the coaches share their insights on the following:

Today’s Passive Income Report is a milestone for Russ and Joey. In June 2020, they published their first Passive Income Report showing a net income of $3500. After venturing into different business opportunities, trial and error, and many lessons later, they now earn almost $47k in Passive Income. If you want to get inspiration and discover your pathway to financial freedom, tune in to this episode to hear how each business venture is performing in current market conditions. 

May 2022 Income At-A-Glance:  

Gross Income for May: $109,786.14

Total Expenses for May: $63,098.61

Total Net Profit for M...

When choosing to work with a coach or a mentor, you would naturally look for someone who has successfully done what you want to accomplish. You want to work with someone who “walks the talk.” So the Financial Freedom Coaches are here today for their quarterly update, which also serves as their accountability call. This is your opportunity to hear what they’ve been up to and decide if you want to learn more about how these coaches can help you achieve your financial goals. 

Tune in to this round table as the coaches share their updates on the...

If you were not part of the Passive Income Retreat that happened in Austin, TX, and you want to know what transpired, today you get the opportunity to go behind the scenes of that momentous event. Joining Joey Mure in this episode are two people who are members of the Passive Income Mastermind. Pay attention to the wisdom of Sharran Srivatsaa and Mark Podolsky as they share their major takeaways from the event, the side conversations, and shared experiences. There’s something powerful about live gatherings, especially when you interact with people who can help you level up your fi...

When you invest in something, you naturally expect to make a return. You desire to receive all your capital back and some profit when you sell the asset. If you speculate on an asset, you hope the price will move in your favor, but you are aware that it may not. So how much risk are you willing to take? 

Tune in to this round table as the coaches share their insights on the following:

As Sharran Srivatsaa say...

Do you have a vehicle you rarely drive? Instead of letting it gather dust in your garage, why not rent it out? Not sure if this is a good idea? Then listen up!

In today's episode, Joey and Russ interview Matty J, an influencer and a successful car rental business owner. He has helped thousands of people successfully start, grow, and scale their car rental business with the TURO platform while generating eight figures in the car rental industry.  Tune in to this episode to learn how to turn your liabilities on wheels into money-making assets. 

If you’ve been listening to this podcast for a while, you probably know who Nelson Nash is and how greatly he has influenced many people's lives by pioneering and spreading the Infinite Banking Concept. His book, Becoming Your Own Banker contains vital information that will help you take control of your cash flow and shift your mindset about the infinite possibilities of building generational wealth. Today’s conversation serves as a homage to Nelson, whom the coaches have met personally. So you will also hear personal stories about their insightful interactions with Nelson. 

Tune in to this...

If there’s a legitimate way to pay less taxes, wouldn't you want to know about it? Taxes take up a huge chunk of the income of most active income earners. So as it becomes increasingly painful to see your hard-earned income reduced to a measly amount, you wonder if there’s something you can do about it. 

In this episode, Joey and Russ interview Mark Livingston, CPA. Mark uses his 35+ years of professional financial experience to create profitable investment strategies with real estate and natural resource projects. He is the founder and CEO of Match Real Asset...

Tax evasion is a crime. However, there are legitimate strategies to minimize your tax bill and keep more money in your pockets. The rich use many of these strategies because they have very tax strategists in their corner. But how can ordinary people take advantage of the same information? Who do you ask for help? What should you not do when trying to save taxes? 

Tune in to this round table as the coaches provide insights on the following:

Franchising is an excellent option if you want to become a business owner without starting from scratch. With franchising, you’re acquiring a business with existing systems and money-making processes. But it is not an entirely passive investment. So how much time and effort should you dedicate to a franchise? In today’s episode with franchise expert Kim Daly, you will learn some exciting things about franchising and how you can participate in this business model in one of these capacities: Owner-Operator, Semi-Absentee Owner, or Passive Investor. 

Kim is one of America’s Top Franchise Consultants and the Fou...

Have you purchased a whole life policy? If you did, what was your intent when you bought it? If you’re new to the Infinite Banking Concept (IBC) and still cannot fully wrap your head around it, this conversation might just be what you need. The idea of having a readily available cash flow to fund your purchases and make your money work for you is only limited by your creativity. And to encourage you to move forward and find more opportunities, you have to surround yourself with like-minded people. Knowing about IBC and implementing the system will enable yo...

Welcome to another episode where Russ and Joey share the behind-the-scenes in their monthly passive income report. When they say passive income, it means income from the businesses and investments they have engaged in a passive capacity, either hiring an operator or a partner to run the business. Before we proceed to the April report, some adjustments happened in April, so the worksheet is still being finalized.

We see the land business and short-term rental consistently doing well for April. If you're interested in the cryptocurrency craze, there are some interesting tidbits in today’s...

Every great person wants to be remembered for the positive impact they made. They want to create a lasting legacy and leave the world a better place than they found it. Wouldn’t you want to do the same if you have the opportunity? You don't have to be ultra-rich or powerful. You just have to start where you are and with what you have. So how can you impact the next generation?

Tune in to this round table as the coaches provide insights on the following:

What would you do if you wanted to earn more money? If you are an active income earner, the only option is to work longer hours. And the cycle repeats itself. So how do you get out of the rat race? Imagine how it would feel to finally fire your boss and live life on your terms. That can happen once you find the path that’s right for you. 

Today’s guest knows what it's like to trade time for money. Now that he has built a passive income that exceeds his expenses, he is happy to sh...

Do you get excited when payday comes? Are you happy to see how much money you get to take home? If you are a regular worker or an active income earner, you probably cringe at the sight of your take-home pay. The biggest chunk of your hard-earned income goes to your income tax, leaving you with very little to fund your family’s needs and enjoy the fruits of your labor. So how do you get out of this vicious cycle? And why is it that people who have more money get to pay less taxes? What are they do...

Are you still languishing in a job that crushes your soul every day? For many people out there, financial freedom is still a far-off dream. But others have found their path and pushed forward, never stopping even when they have succeeded in several profitable deals. Today’s guest is someone who was able to gain financial freedom in just a few years. He walks us through his journey from that first deal.

Like many others out there, Bryce had to work in a job he didn’t like until he turned his average life into...

How safe is your money? The answer to this question is heavily dependent on where you're putting your money. And that depends on what makes the most sense for your financial situation. For example, if you know how IBC works, you're probably putting most of your money in life insurance where it accumulates cash value, which you can then use as a source of cash flow for investments or other purchases. But how safe is your cash value? That’s what today’s conversation is all about. 

Tune in to this round table as the coaches provide insig...

How do you build passive income outside the traditional investment portfolio? Russ and Joey have always been passionate about different aspects of investing and diverse ways of building wealth. So they bring in Denis Shapiro to talk about alternative investments in today's episode.

Denis began investing in real estate in 2012 when the market was just beginning to recover from the global financial crisis. He then built a cash-flowing portfolio that includes many alternative assets. Next, leveraging the lessons learned throughout his career, Denis launched SIH Capital Group, an alternative investment fund that provides accredited investors with a...

Where have you been putting your money? Are you betting on the stock market? The market is declining at a rate that can rattle even seasoned investors. What would you do? Many investors buy or sell stocks based on their emotions and greed. But why are we even talking about the stock market? 

Tune in to this round table as the coaches provide insights on the following:

It's that time of the month again when Russ and Joey share how their investments are doing and what they are learning. For March 2022, the numbers are up, especially for the short-term rental business. So, it has been a good month overall. There's also some exciting news about crypto and syndication, a potential win on a failed transaction, and more! Let's jump right in!

March 2022 Income At-A-Glance:  

Gross Income for March: $119,290.03

Total Expenses for March: $71,790.20

Total Net Profit for March: $47,499.83

Difference b/t February & March: $14,259.42

% of net pr...

As we continue to explore important topics about the Infinite Banking System, today's conversation focuses on how much money you can put into your financial system, what the limitations are, and how you can maximize the opportunities that the system can provide. At the end of this, you would have a clearer view of your priorities when it comes to determining how big your Infinite Banking System can be. It's not just about the amount of money you have, but your mindset and creativity that will make a difference. 

Tune in to this round table as the c...

People have different ways of dealing with problems. Some run away from their problems while others face the issues head-on. In this episode, you will meet a guy who knows how to “take the bull by the horns.” 

Billy Keels is the host of The Going Long Podcast. He is from a middle-class family in Columbus, Ohio. Billy grew up not knowing anything about investing. When he became successful in his career, he had no idea how to invest his high salary and was too embarrassed to ask. So he challenged himself to learn everything he could about...

Have you heard about the Infinite Banking System? Did you know that your whole life insurance can serve as a convenient way to fund major expenses without borrowing from a traditional bank? If you do, how are you sharing the knowledge with your family? When should you include them in your Infinite Banking System? 

Tune in to this round table as the coaches provide insights on three things about the Infinite Banking System:

Over the last couple of years, the e-commerce space has seen tremendous growth as more businesses shifted to setting up online stores. There are several platforms to choose from, but Amazon is probably the biggest. So what is it like working inside the Amazon space? What are the things you have to know to start your e-commerce business on Amazon? Today's guest can shed some light on your questions. Tune in to this episode as Russ and Joey interview a successful e-commerce business owner and member of the Wealth Without Wall Street Community, Bry Shields.

Bry is...

Today's topic is a question that has been in the minds of many people, especially those who are new to Infinite Banking or those who do not consider insurance as a tool to build financial freedom. The short answer is NO. You do not have to pay your premium until you're 100 years old. But what are your options? To guide you in your decision-making, these Financial Freedom Coaches will talk about their experience with the Infinite Banking System and how they view their insurance premiums. 

Tune in to this round table as the coaches provide insights about t...

#236: The high cost of health care services is a well-known aspect of the US health care system. There's a huge probability that the same thing is true in other countries. Quality healthcare is one of the most important needs of an individual. Are you sure that you will get that care in case of emergency or any need for medical care? A  lot of our healthcare is expensive, impersonal, intrusive, and at times objectionable. So how do we find an acceptable solution to fix the system? In this episode, Russ and Joey interview Anthony Hopp, the Chief Purpose Officer o...

Crypto is on fire, and the people who know what to do are accumulating HUGE fortunes! If you've been hiding under the rock or don't care about the crypto market, it's time to join the conversation. You need to know a few important things if you want to dip your hands in this so-called digital gold. You don't want to be left behind. 

Tune in to this round table as the coaches provide insights about three things:

#235: How do you evaluate an investment opportunity? What % ROI would you say is a good investment for you? Investing in yourself is the best investment you can make. When you understand how things work, you will know that there are no bad investments, only bad investors. Now, let's listen to how Russ and Joey's investments and passive income fared in February and see if any investment opportunities resonate with you.

February 2022 Income At-A-Glance:  

Gross Income for February: $100,408.27

Total Expenses for February: $67,167.86

Total Net Profit for February: $33,240.41

Difference b/t...

The use of the Infinite Banking System provides creative options to make your money work for you. You enjoy access to cash anytime you need to fund a purchase. However, if you're new to Infinite Banking, you might be worried about simultaneously paying your premium and your loan. How can you manage? Today's conversation will give you some amazing insights. 

Tune in to this round table as the coaches talk about three things:

#234: Today's episode is exciting for Joey because it presents the future for Cousin Eddie. RV parks are among the highest-yielding of all real estate asset classes. If you enjoy spending time with people and the outdoors, investing in RV Parks is definitely worth it. Ian Burnstein is one person who can speak volumes about the beneficial aspects of investing in RV parks. 

Ian is the co-founder and COO of Storage Pros Management (SPM). He is a former attorney turned real estate and self-storage entrepreneur who has invested in multi-family, RV parks, self-storage, and cannabis dispensary sale-leaseback sectors.

Inflation is continuously rising. But what does it really mean? Economists and financial experts claim that a certain level of inflation is a sign that the economy is healthy. Yet consumers who rely on fixed income cannot fully agree, especially when inflation impacts them through higher prices of goods and services. It hurts them financially because now they have to pay more for the same things. If there's a way for people to increase their purchasing power, wouldn't you want to know about it?

To get a better understanding of how higher inflation could affect us and...

#233: How much do you know about cryptocurrencies and NFTs? With more people buying cryptos, it is easy to get seduced by the potentially enormous gains this market offers. But, like any other investment opportunity, you need to research and understand cryptos so you can make better investment decisions. As an investor, you need to be prepared for risks and volatility. To help us understand the world of cryptocurrencies, NFTs, and blockchain, we have Josh Rhodes, founder of Crypto Y'all. Pay close attention as he shares his three wealth-building strategies focused on cryptocurrency investment. 

Top 3 Things Yo...

Do you have a clear path to building wealth so you can enjoy a comfortable life after you stop working? For most individuals, 401k’s are the default option. However, withdrawals are typically restricted since it is intended to be a retirement plan. Most withdrawals before age 59 1/2 come with a 10% penalty. So, you don't really have control over your funds while it is locked in your 401k. Is there a better alternative? That's what Joey and the coaches will talk about in today's conversation. So, please listen closely.

There are three main topics to this round table: 

#232: Top-level company executives worry about their job security as much as the rest of us do – in fact, maybe even more. Gone are the days when job security was one of the reasons to work for a specific company. With the fast-changing economy, no one's job is safe from being dissolved. What would happen to you and your family when you get sacked? It's best to be prepared and not rely solely on your paycheck for your living expenses. Having passive income streams becomes all-important. This is what Scott Todd talks about in today's episode. 

Top...

Today's conversation is all about going back to the basics. Russ, Joey, and the financial freedom coaches sat down in the IBC Think Tank to refresh their minds on the teachings of R. Nelson Nash and his book Becoming Your Own Banker. Whether you are hearing about IBC for the first time or you have been using this tool for a while, the takeaways from IBC Think Tank is something you won’t want to miss!

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Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to...

#231: Are you satisfied with what you do to make money, or are you trapped in a soul-crushing career? Many entertain the idea of making money out of their passion. Some people have successfully transformed their hobby into a viable business venture, sometimes being called “passion-preneurs.” 

Today's guest is someone who has made money with his music. But he didn't stop there. Instead, he searched for ways to replace that money with passive income streams to continue creating music out of passion. He believes that you should never trade your art for commerce. Tune in to this episode with...

How do you choose the right mentor or coach? You want a coach who practices what they preach and someone who leads from the front. You wouldn't choose someone who hasn’t done what they’re asking you to do. Today's conversation is all about the Financial Freedom Coaches. In the same way that Russ and Joey share their Monthly Passive Income Report, today is an opportunity for JD Hill and Mark Haruguchi to highlight what they've been doing to reach financial freedom. 

The conversation will focus on these three things:

With the rising cost of commodities, the common citizen is presented with financial hardships in their daily needs. How can someone who relies on a single source of income offset the impacts of inflation? This is one of the concerns that Russ and Joey touch on in today's episode. Not only will they talk about the numbers of their January Passive Income Report, but they will also share the lessons learned from their business ventures, and how they make their decisions. Get inspiration from this conversation and start your journey to financial freedom. 

January 2022 Income At-A-Glance:  

G...

Tesla, SpaceX, Paypal, Mars. What do they have in common? If you answered Elon Musk, you are absolutely right! This man is no doubt one of the greatest achievers in the world and there's no stopping him. He is a successful entrepreneur, inventor, and visionary due to diligence and traits that most of us may possess, but do not fully understand how to maximize. 

In today's round table, the coaches will talk about three valuable lessons we can learn from Elon Musk.

#229: If you're interested in self-development, building a fantastic network, or crafting a life you desire, there’s definitely something for you to learn from today’s episode with Travis Chappell, founder, and CEO of Guestio and the host of the Build Your Network podcast. 

Travis came from humble beginnings. Growing up in Lancaster, a small city in Southern California, his first job was door-to-door sales. In 2017, he launched a podcast about how to build better relationships. It was then he discovered that podcasting was his favorite way to connect with people. Now, he helps connect people all over...

Most people believe that men and women have differences beyond physical abilities and personal interests. They also differ in expressing their feelings and how they view the world. Social and environmental factors also play a significant role in shaping the differences between the two. To explore this topic, our Financial Freedom coaches focus on three comparative qualities between men and women and how these factor into who is better at implementing Infinite Banking. It would not be fair if women were not represented in this conversation. So they invited their Onboarding Specialist, Maddie Lebeter, to give a woman's point...

#228: If you were financially free, what would it allow you to do? What would your perfect day look like? Today's guest is someone who grew up believing that the way to earn a higher income was to get a professional job and work in an established firm. However, when he started investing in real estate and educating himself in different investment opportunities, he realized that there are a million different ways to build wealth. 

Seth Bradley is a real estate entrepreneur who closed billions of dollars in real estate transactions and is an expert at creating passive i...

When faced with a choice between two paths, how do you decide? What filters or criteria do you use to choose one path over the other? Do you make a final decision quickly or do you allow yourself to be swayed by different opinions? The inability to make a choice is detrimental to your success because indecision is a decision not to move forward. In today's conversation, the coaches talk about their decision-making process and personal experiences. If you are having a hard time making decisions, especially about choosing your path to financial freedom, listen up! One of these...

#227: Have you started your financial freedom journey? If you're not sure how to start or what tools you’ll need to get going, you've come to the right place! Wealth Without Wall Street has a community that can help you gain clarity and support. 

Today's guest is Chris Vonderau, an active member of the community and the owner of Mary Lou's Team, RE/MAX Advantage, a real estate planning company based in Alabama. Chris will share how he discovered whole life insurance as a vehicle to finance many things, including college expenses and cars for his three dau...

What does it take to become a business owner? Are you qualified to become one? Do thoughts like “I’m not smart enough” or “I don’t have a business degree” keep you from going for it? Well, guess what? There are less qualified people who have taken the step to build a business. They just learn as they go. Mistakes happen even to the most experienced business owners, so stop waiting and start that business!

In today's conversation, the coaches will talk about the 3 different areas where common mistakes occur and what you can do to prevent them...

#226: How would you summarize your 2021? Are you happy with what you have accomplished, or do you feel like a failure? Would you have done differently? These are just a few questions that might have come up as the year ended. 

In today's episode, Russ and Joey take us through the highlights of their financial freedom journey and what plans they have for the future. As they share the lessons they have learned with each undertaking, they hope to inspire more people to take action and start the journey to financial freedom. If you are tired of trading y...

What would you do if you suddenly lucked into a large amount of cash? Would you pay off your debts immediately or invest the money? Would your action change if your goal is to be financially free? There's no straightforward way to answer this question because there are different factors to consider. Many people think that true financial freedom can only be achieved once you have paid off your loans. And while Infinite Banking is becoming popular in the financial circle, many people still haven't fully understood its role in achieving financial freedom. So tune in while our coaches...

#225: Is 2022 going to be the year when you can finally quit your corporate job and live life according to your terms? Wherever you are in your financial freedom journey, this episode will inspire you to accelerate your financial goals. Tune in as Russ, Joey, and their good friend, The Land Geek Mark Podolsky, talk about supercharging your financial freedom goal.

Mark is a former Investment banker living a crazy high-pressure lifestyle in Phoenix. Like many of his colleagues, he liked the idea of investing in real estate. So the next time Mark earned a commission, he went...

What is Infinite Banking and how does it work? Will it work for me? What is the first thing I need to do? Why is it important on my journey to financial freedom? 

Nelson Nash discovered the Infinite Banking Concept in the 1980s and he wrote about it in his book Becoming Your Own Banker. As Infinite Banking gains popularity in the financial world, many people still find it difficult to conceptualize. If you’re trying to understand if Infinite Banking is right for you, this episode will shed light on what you need to know. So, tun...

#224: Why do rich people continue to get richer? It's because they think differently and they know how to protect their assets while generating more wealth. The more you accumulate wealth, the more you need proper legal protection. Lawsuits can ruin your business and everything you've worked for. So it is important to have strategies to protect yourself before it's too late. In this episode, Russ and Joey interview an experienced Asset Protection Lawyer Scott Royal Smith, founder of Royal Legal Solutions. Scott talks about how asset protection prevents lawsuits from wiping out your assets. His company crafts customized asset...

There's a famous quote that says, “If you don't know where you are going, you'll end up someplace else.” As the new year begins, people start planning their goals for 2022. But not everyone will be where they want to be by year-end. It is easy to get distracted. So what can you do to stay focused? 

In today's round table, the coaches talk about their GPS (Goal, Plan, Support) and how each step is important in helping you reach your financial freedom goals.

If you're not sure about the things you need to focus on, check...

#223: Our life experiences have an immense impact on our choices. Great things happen when you choose to learn and act positively from what life throws at you. That’s the story of today’s guest, Chris Larsen, founder and Managing Partner of Next-Level Income. Chris learned how to think like an investor and take calculated risks at an early age. This principle helped him achieve financial success.  

Chris wrote his book, Next-Level Income, to illustrate that the goal of investing shouldn’t be just about money – it’s more about the search for financial freedom and the freedom that...

What does financial freedom mean to you? While you’ve probably heard that it means your passive income is greater than your expenses, that does not mean you can live the rest of your life aimlessly because you won’t have to worry about anything. On the contrary, financial freedom means you can pursue a more meaningful life, a lifestyle that fills you with joy. 

So, where are you on your journey? Are you satisfied with what you have accomplished so far? Why not take a moment to pause and ask yourself, “Am I on the Right Path to...

#222: It's the season of reflection, thanksgiving, and celebration. So as we wrap up the year, join us as we celebrate our wins of 2021 and set a compelling vision for 2022. Let's aim to live life ON purpose!

As part of Russ and Joey’s mission to educate and inspire people to live meaningful lives while working to achieve financial freedom, they continue to share their monthly passive income reports. They started doing this 18 months ago, and now we see how far they have come. 

While we see a dip in their income for November, a $45K net...

Most people rely on traditional banks when it comes to managing their finances. But, have you ever stopped to consider, “What if there’s a better way?”

In this episode, Nelson returns to help us ponder how infinite banking provides optimal growth and protection of your family’s wealth. He emphasizes the benefits of having your own family banking system. Plus, how to use your family bank to create a lasting legacy for future generations – a future where your family will never need a traditional bank again. Imagine how that would feel. 

Once is not enough, so...

#221: How do you ensure your family is protected even after you’re gone? Estate planning is a delicate subject that requires careful planning. To help us understand it better, Russ and Joey bring back Andrew Howell, Co-Founder of the law firm, York Howell & Guymon. Andrew’s practice focuses on estate planning, asset protection, and tax planning. While the conversation revolves around legal matters, they’ve made the discussion fun and easy to understand. 

Listen to the previous episode with Andrew:

Episode 86: Throw Out Your Will and Start Over with an Entrusted Plan w/Andrew Howell

T...

As we approach the end of another unique year, it's good to look back so we can look ahead. In today's episode, Russ and Joey take us back to the origin of the Infinite Banking Concept. This multi-generational wealth-building system can change your life when you understand it. The concept is explained in the book "Becoming Your Own Banker" by R. Nelson Nash, known as The Father of Infinite Banking. The book has sold thousands of copies and helped countless families achieve financial freedom.

R. Nelson Nash is not a typical investment banker or financial strategist. He...

#220: What are your biggest regrets in life? If you had to start over, would you do things differently? Today's guest, J Scott, talks about a costly lesson he learned from his house flipping days and perhaps the biggest regret, all while cashing in thousands of dollars flipping houses. 

J Scott is an entrepreneur with 25 years of experience in multiple industries and host of The BiggerPockets Business Podcast. He is also the author of four investment books, where he shares a wealth of wisdom gained from over two decades of experience in different business ventures. 

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If you had 500 million dollars in cash, where would you put it to get the highest return? You wouldn't want to put it in a savings account that earns very little interest, right? That was the dilemma of BILLIONAIRE Michael Saylor. He had a lot of cash, but he could not allow it just to sit around and wait for inflation to eat it up. 

In today's conversation, the coaches answer the question, “Why are you trying to put all of your income into a life insurance policy?”  Going back to the idea behind the book “Becoming Your Own...

#219: If you’ve been listening to our podcast, then you’ve probably heard some of our guests talk about how real estate has turned them from ordinary 9 to 5 people, to earning 7-figures with passive income. They’ve shared multiple ways to start, even when you don't have money for capital. Today's guest shares how to ethically get other people's money to work for you and that you don't have to start HUGE; you just have to start. He started his first investment by buying a fourplex, living in one unit, and renting out the rest. Then continued to multiply what h...

Many people trade their time for money, working 60 or more hours a week for a decent paycheck. Others sacrifice money for freedom working fewer hours and making less than they could, to have time for personal pursuits. What if you didn't have to choose between time or money? How would you design your perfect day? 

There's a way to build a career that allows you to be in control of your time while becoming financially free. So why not take action. Identify what really matters to you and you will start to see ideas for how you m...

#218: Never give up. That has been the driving force for Larry Murray,  founder of Ivory Wolf Properties, LLC which specializes in multi-family real estate investments. Before working with Joey Mure, Larry was like most people, working hard and saving every penny he could, but never really getting closer to his goal of financial freedom. He initially had hesitations about IBC because of its link to the insurance policy, until he met with Joey and heard what he had to say. And that became the genesis of his meteoric launch to success. 

In today’s episode, Larry will walk...

“It’s not about how much time you have. It’s about how effectively you manage your time.” - R.L. Adams 

Are you paying attention to how you spend your time each day? Is the way you're spending your time getting you closer to or further from financial freedom? Not all tasks and events that demand your attention are equally important, and you can’t do everything, even if you want to. Hence, challenge yourself to prioritize doing the things that will help you achieve your financial goals. To do that, you have to be very clear about...

#217: Having multiple passive income streams allows you the freedom to choose how you want to spend your time. You no longer have to trade your time for money. It has been Russ and Joey’s goal to help others on their journey to financial freedom, which is why they've been sharing their monthly passive income report -- to encourage you to take action and start building your passive income. 

As they share their investments, they also share the challenges and lessons they’ve learned. If you're considering where to put your money, the biggest and most consistently profi...

With what's been happening for the last two years, the fear of economic collapse is rising. Although no one can predict precisely when the next recession will hit, we can be sure that we will experience an economic crash at some point. The question is, how are you preparing for it? This is the topic of today's conversation, so don’t miss out! 

You do not want to be left unprepared and unable to provide for your family when a recession happens. Painful as they are, recessions are a natural part of the business and economic cycle. But...

#216: If you’re listening to this show, then you’ve probably heard that real estate investing is one of the best ways to build wealth. But how can you get started when you don’t have enough money to buy your first properties? And what will you do if you run out of money? Today's guest, Roger Blankenship, will answer these questions and other concerns you may have about pursuing your path to wealth and leaving a lasting legacy. 

Roger is an author, educator, motivational speaker, business leader, and host of the real estate show “Flipping America.” He has pers...

How much control do you have over your finances? Are your daily choices and decisions leading you closer to your goals, or do you feel trapped in a life that you did not choose? Whichever situation you find yourself in, know that you can access the same tools that the wealthy and successful use to build more wealth. Financial freedom looks different for everyone, but one common definition is that true financial freedom means you have control over your finances. Discover the role of control in the path to your financial freedom in today's conversation. 

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#215: Job security is a big lie. This is a harsh reality that some people realize a bit too late in life. You think you're safe because you're a great employee. Think again. This is exactly the rude awakening that Tyler "Sully" Sullivan faced. Tyler is the founder of BombTech Golf, an eCommerce store, and eCom Growers, which is a Platinum Certified Klaviyo Agency. 

Sully was fired from a job where he was a top performer. Bringing in 200% of the sales for this company didn't matter. He was fired a week before Thanksgiving, while his wife was pregnant w...

“If you don’t know where you’re going, any road will get you there.” This quote from Lewis Carroll is so true, especially when we talk about our life goals. One of today’s coaches gave a similar quote, “Know where you want to go; otherwise, you're not going to get there.” 

How can you choose the right path, when you don’t know where you are going? Until you can answer that question, you can’t say that one route is better than another. But how do we know for sure? The first step is to gain CLARITY...

#214: "Timing is everything." This quote really resonates with returning guest Garrick McCarty. Garrick first appeared on the show in November 2019 and he’s here today to give us an update on his journey to financial freedom. When Garrick started out he tried multiple paths to build passive income but did not know which one to focus on. He got distracted with every new idea until a mentor told him about the big opportunity he was missing out on. Once it was made clear to him, Garrick went all in and optimized his business operations. His story reminds us how im...

Is it possible to participate in money-making ventures if you don't have the capital to begin with? You know the old saying, it takes money to make money? In this week's round table, you’ll learn a few different ways you can raise the capital to finance your ventures. It's a critical skill to learn, and it helps accelerate your journey to financial freedom. Once you learn how to raise capital, opportunities begin to present themselves all around you. A very important thing to remember is always to create a win-win-win scenario, whether you are using other people's money or...

#213: It's been over a year since Russ and Joey started sharing their monthly passive income report. From $3500 a month to their current earnings, we can see that they have come a long way. There were ventures that weren’t so successful, but the short-term rental and land business continue to bring in a huge chunk of their monthly income. Although this month's income is lower compared to August, earning $40,000 in passive income is still very motivating. What's more exciting about this month's report is the entry of Cousin Eddie the RV. So let's jump into the details of the Se...

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...

#212: 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 ins...

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...

#211: 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 t...

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...

#210: 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 o...

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...

#209: 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. ...

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 inc...

#208: 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 t...

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. 

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Want to go even deeper i...

#207: 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...

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...

#206: 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...

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 to...

#205: 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...

“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...

#204: 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 fu...

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...

#203: 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 g...

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. 

#202: 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...

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 IB...

#201: 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 i...

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...

#200: 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...

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...

#199: 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 p...

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:

#198: 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...

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...

#197: 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...

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 coa...

#196: 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...

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: 

#195: 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 d...

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...

#194: “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. 

Top 3 Things You'll Learn: 

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...

#193: 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 t...

Financial education is not one of the subjects you learn in school. But there's a ton of books you can read about the topic. The Richest Man in Babylon is a good start. It’s a classic read. and can be referred to as “the Bible of financial freedom.” The book teaches straightforward lessons about wealth-building that are applicable throughout history. It has a theme that is very similar to what the IBC coaches teach. 

Tune in to the discussion and learn how you can apply these “7 cures”  in your own life:

#192: Most people don’t start out as entrepreneurs. They choose to work for someone else to gain experience. Then they quit their jobs, maybe because they don’t like the idea of having a boss or because they’ve come up with their own business idea. For other employee-turned-entrepreneurs, the job is frustrating and entrepreneurship serves as a valuable alternative. 

Today's guest started his business while working full-time as a beer delivery guy and raising a family. It wasn't easy. He had to wake up 2 hours earlier every day for the last three years before he could finally...

When it comes to saving for retirement, most people rely on 401k and IRA. Also, most retirees think if they withdraw only 4% of their retirement money each year, they'll have enough to last a lifetime. But, that's not true in many cases. If you want to live confidently, both today and well into the future, you may have to reevaluate your financial plan. Figuring out the best retirement plan and withdrawal strategy involves many considerations like your current finances, future income, and life goals. Your plan may also change as your circumstances change.

Also, why wait until...

#191: How do you define financial freedom? For most people, it could mean having lots of money. On a holistic level, financial freedom is more than just accumulating money and being financially stable. Setting clear goals on what is important to you and your family will help to guide you in making sound financial decisions. For Russ and Joey, part of their goal is to have passive income that exceeds their monthly expenses and to teach others how to do the same. Tune in to another episode where they discuss the outcome of their revenue streams for April. They don’t...

Over the last year, millions of American workers have experienced financial uncertainty caused by the sudden and unexpected loss of employment. So, where can someone access needed cash after exhausting stimulus checks and unemployment benefits? Congress responded through the CARES Act. Now you can withdraw up to $100,000 from your 401(k) and IRAs without the 10% penalty.  The question is: should you do it and what can you do with the money? It's a limited-time offer, so make sure you act before time runs out. Tune in for another educational talk that could guide you on the path to wise financial d...

#190: Getting your financial life in order is a goal that you should be doing early in life. But how exactly should you do that? Investing in 401k may be the default choice for you, but think again. Is there a better way to achieve time and financial freedom?. Tune in to hear the story of another Wealth Without Wall Street Community member Jake Jernigan and his experience with using IBC as a tool to achieve financial freedom. 

Top 3 Things You'll Learn:

“Will I have enough money to provide for my kids?” -- This is a scary thought for most parents. Raising children is a huge responsibility. A child's college education is probably the biggest worry of any parent. If you think schooling is expensive now, imagine how much you'll be spending by the time your child reaches college. 

Unfortunately, default plans like 529 or 401k are not exactly the best solutions. If there’s one thing you can do to secure your child’s future, get a life insurance policy. It’s a valuable investment designed to help fulfill life goals...

#189: The “broke college student” stereotype is part of most cultures. With the high cost of college education, many graduates end up paying student loans for years. We've also heard countless tales of college students working odd jobs that pay pennies just to have spending money. But not everyone fits this stereotype, as we can see from today’s guest.

Just because you’re a college student, doesn’t mean you have to be broke. Tune in to this interview with Wealth Without Wall Street Community member Kevin Su and find out how he started flipping houses with absolutely...

Insurance is designed to protect your assets and wealth. But the premiums paid to insurance companies can be very high. Why not just self-insure to save money? Meaning you would pay for emergency needs out of your own pocket in the event of an accident, injury, or unexpected loss. But what are the odds of running into an emergency? Stay tuned as the IBC coaches tackle this delicate situation. The intent is to guide you through the creative ways of managing your money to make it grow. Know the pros and cons of self-insuring your car and house so...

#188: We’ve been hearing how real estate investing can be lucrative. But how do you start buying properties and making profitable deals? In today’s episode, Russ and Joey bring back Mitch Stephen, a veteran real estate investor and a true cowboy living on a huge ranch. Mitch has mastered the art of raising private money and the classic “Nothing Down” deal. Stay tuned and learn how you can dip your toes in real estate investing via owner financing. You don’t need to have lots of money to start, you just need to be willing to do whatever it takes t...

Are you in need of cash for business ventures, purchase of large equipment, or property investment? If you’ve been following this show, you know that using the Infinite Banking Concept (IBC) is a better option to getting readily available funds, and you can return the money whenever you decide. So should you pay back the loan earlier than planned? Tune in to another informative discussion about the scenarios you may want to consider when determining what to do with your money. Listen as the IBC coaches present their insights to guide you in making better financial decisions.

...

#187: If you’ve been following this podcast, here’s another episode where Russ and Joey discuss their passive income for the month. They also talk about what went well, and what they could have done better. Being open about their business ventures allows them to inspire everyone that it’s possible to have multiple streams of income without trading time for money. Through the effective use of financial systems, particularly IBC, they have accumulated different forms of investment over the years. Their advice for you and me: If you’re ready to start that journey to financial freedom, pick one vent...

You’ve heard it discussed here several times: Whole life insurance is a liquid asset. It can act as an emergency fund; whether you run into unforeseen medical bills, costly home repairs, or need cash for large purchases, policy loans offer peace of mind. But why get a bank loan when using the Infinite Banking Concept (IBC) is a better option? The answer lies in the different scenarios we are in, coupled with the unique perspectives we have. Tune in to today’s round table as the IBC coaches talk about situations where someone might need to choose between goin...

#186: Did you know that a whole life policy is an extremely liquid asset? Today’s episode brings more proof that the Infinite Banking Concept (IBC) can improve your cash flow. You don’t need to go through the hoops of a traditional financial institution to borrow money to fund business acquisitions. Simply request a loan against your whole life policy and you can immediately access the funds. Join Russ and Joey as they interview Justin Harris, the COO of Wealth Without Wall Street. Successful entrepreneurs never stop looking for an opportunity to provide value. That’s where Justin comes in, he...

So you want to invest in real estate but don’t have the cash to purchase properties? Did you know that your policy offers an immediate source of funds without any complications? Unlike other financing options, you can pretty much dictate the repayment terms because it's your policy, and you control it. Plus, a loan against your policy will not impact your credit score. Sounds good, right? Today’s round table will show you how using the Infinite Banking Concept (IBC) as part of a real estate wealth-building strategy is an excellent way to grow your money. Tune in and...

#185: How do you define wealth? Would you consider yourself wealthy? It’s important to think about your definition of wealth so you can set a clear goal. In today’s episode, Russ reminds us of his lake house story, what it meant for him and his family, why he ended up selling it, and what he got in return. This story shows yet another way to build wealth while enjoying time with your family. By sharing their stories and experiences, Russ and Joey hope to teach listeners to think differently about money and explore creative ways to build wealth whil...

Do you believe that “those who have the gold make the rules?” There’s definitely some truth to it, especially in today’s economy where the people who have lots of money can pretty much do anything they want. That is if they have control of their money. But how many people are in that position? It’s a sad reality that people have given away the control of their money to institutions that dictate the rules. It’s not surprising that 4 out of 10 Americans do not have the funds to cover a $400-emergency. Today’s discussion digs deeper into this topi...

#184: How do you start investing in real estate or buying your own house? Where do you find properties that are off the market? This episode will give you the answers and provide great insights on real estate investing. Tune in and learn from today’s guest Jeff Stephens, a real estate entrepreneur and host of the Racking Up Rentals podcast. Find out how relationship-building and sophistication can get you the best deals. Plus, you get to understand how to leverage seller financing in real estate. 

Top 3 Things You'll Learn:

We’ve been talking about how the Infinite Banking Concept (IBC) allows you to take control of your money and the creative ways you can make your money work for you. But why do you have to pay interest on the money that you borrow against your policy? Why do you even have to pay back the loan? It is your money anyway, right? In reality, you can choose not to pay back your policy loan and interest in a set period, as required if you had borrowed money from banks. But what happens if you don’t? Find out...

#183: How have you been spending your quarantine days? Today’s guest used his time wisely and launched a 6-figure e-commerce business using IBC for funding. Learn how Daniel Espy, a member of the IBC Inner Circle, discovered the potential of Amazon’s market to help create a passive income stream for him and how you can do the same. If you’re wondering how much you can make selling products on Amazon and want to explore this opportunity, tune in to this episode. You might be the next highly profitable Amazon seller this year. 

To learn more about t...

Are you looking forward to that day where you can live life on your terms? How badly do you want it, and what are you doing to get to that point? Tune in to get ideas on how you can start building surplus cash and generating wealth. This episode is Part 2 of a two-part series where Sharran Srivatsaa, host of the Business School Podcast, interviews Russ and Joey about the Infinite Banking Concept (IBC) as a tool to gain financial freedom. Learn how to have readily accessible funds that you can use for capital or buying a new car...

#182: Today we're going to share how our businesses performed in February 2021. We love doing this so you can see how we're putting our money to work. Being open about the challenges we go through and the successes we celebrate every month allows us to provide you with support and education. Join us and take every opportunity you can to learn how to start your journey to financial freedom.

February 2021 Income At-A-Glance: 

Gross Income for February:  $70,245

Total Expenses for February:  $43,000

Total Net Profit for February:  $27,245

Difference b/t Feb & Jan: -$15...

Today’s episode is another discussion on the practical application of the Infinite Banking Concept (IBC) to generate wealth. IBC is not the actual means to achieve financial freedom. Instead, it is the tool that gives you the flexibility and control of your money and what you do with the money that moves you to reaching your financial goal. Listen as our IBC Coaches talk about leveraging IBC and putting your money at work via short-term rentals.

To learn more about the short-term rental business, join the STR Mastermind here: https://www.wealthwithoutwallstreet.com/strmastermind.

...

#181: “The line of insurability” is a concept known in the life insurance industry. It’s that point in time when you cannot qualify for an insurance policy, perhaps due to a diagnosis that significantly impacts your life expectancy or reasons related to health, lifestyle, or travel. So what can you do if you become uninsurable? It can be frustrating, but it may not be the end of your options. In today’s episode, Russ and Joey talk about this scenario while continuing their book review on Becoming Your Own Banker (BYOB) by Nelson Nash.

BYOB is not just you...

Why do so many people struggle with debt? Are you one of them? If you’re wondering what’s the right approach to getting out of debt, realize that the first thing that needs to happen is to have a “behavior shift” so you can stop getting into that cycle of being in and out of bad debts. Evaluate your financial condition and know which of your debts are efficient and inefficient. It’s time to get creative, discover other ideas, and find a practical way to get out of debt. Listen as our IBC Coaches talk about how to use the...

#180: If you had a life-changing event that compels you to stay at home or pushes you to find another income stream, what would you do? How do you envision the process of sorting out your finances, priorities, and actions? These are some of the questions that will be discussed in today’s episode with Jamie O’Brien, a member of the IBC Inner Circle. Jamie has a full-time job as a Medical Device Sales professional and a Real Estate Investor. He discovered the Infinite Banking Concept (IBC) and worked with Joey to learn about the potentials of IBC to gain...

Are you working hard in building up your retirement fund so you can live a comfortable life when you retire? Who invented this concept anyway? Why can’t you have more freedom today instead of deferring it? These are the questions that our hosts and IBC coaches will discuss in today’s highly debatable topic about retirement and how you should prepare for it. Listen up as they provide analogies and opinions on why you should save yourself from relying on volatile, market-dependent 401k accounts. Find out how you can explore a better tool called the Infinite Banking Concept (IBC...

#179: How important is it to teach children about the value of money? At what age should children learn financial literacy? Today’s episode brings back Russ Morgan and Joey Mure’s daughters for Part Two of lessons learned from Robert Kiyosaki’s book Rich Dad Poor Dad. If you missed Part One, check out Episode 166. Whether you’re a parent to young children or someone who wants to reevaluate your relationship with money, you will get a ton of value as you listen to this conversation. Hear the refreshing perspective of four teens around how they view money, finding opportun...

How much money are you putting into your insurance policy? Are you ready to get another one? When you utilize the Infinite Banking Concept (IBC) using whole life insurance, your insurance policy’s primary purpose is not the death benefit but the living benefits or the many options you will have to grow your wealth.  Today’s episode revolves around frameworks to guide you on when to start a new policy and when you should hold off. There isn’t a one-size-fits-all answer. The decision largely depends upon how you intend to use the tool and requires clear financial goals. ...

#177: Today’s another episode where Russ and Joey go through their monthly passive-income report, sharing exactly what they’re doing to create multiple streams of income, walking us through exciting things that happened and issues that need to be addressed. Be inspired, take action, and carve your path to financial freedom. 

Join the Freedom Seekers Masterclass: https://www.wealthwithoutwallstreet.com/strmastermind

January 2021 Income At-A-Glance: 

Gross Income for January:  $82,000

Total Expenses for January:  $39,000

Total Net Profit for January:  $43,000

Difference b/t January & December: +$30,400

% of net pr...

What do you know about EVA (Economic Value Added), and why should you evaluate it? Get ready to listen and take notes as our IBC coaches talk about a concept that only a few people understand. You will hear references to Nelson Nash’s Becoming Your Own Banker, a book that thoroughly explains IBC (Infinite Banking Concept). After listening to this episode, you will have a clearer understanding of the real value of money and why IBC is an excellent investment vehicle for you. If you understand what’s happening with your money, you will know what you have to d...

#177: Everyone goes through challenges and makes mistakes in life. Learning from those lessons and pushing through makes all the difference in how your life will turn out. Listen to the interesting story of Ricardo Rosales, host of The Truth Behind Success Podcast and Real Estate Entrepreneurs Podcast, as he takes us through his entrepreneurial journey, stumbling through obstacles, losing millions in the aftermath of Hurricane Harvey, weeding through the chaos, and rising up from setbacks. 

Top 3 Things You'll Learn:

In his book, The Cashflow Quadrant, Robert Kiyosaki talks about a diagram with four quadrants. On the left side are E (Employee) and S (Self-Employed) and on the right side are B (Business Owner) and I (Investor). You can be in all quadrants at some point. The goal is to progress through the quadrants and move on the right side, becoming a business owner and an investor. 

As a business owner, you need capital for expenses like purchasing equipment to get your business running. When you invest money, you want to make sure you are in full c...

#176: Are you looking for ways to turn your extra space into an income stream? How do you manage a rental business? Should you take it on yourself or hire someone to oversee it for you? Hear the answers from short-term rental experts Jon Bell and Julian Sage, hosts of the Vacation Rental Machine Podcast. This amazing duo is on a mission to help Airbnb hosts to create systems to automate their Airbnb business, allowing them to have more time and better cash flow. Learn the short-term rental business’s dos and donts and achieve financial freedom even when you do...

If you need extra funds and have an insurance policy, would you withdraw from your policy or write a loan against it? Is it better to just borrow money from the bank? How can you utilize the benefits of a loan from a policy vs. taking a conventional loan? Can a loan go bad? How do you decide which way to go? Tune in to hear insights from our coaches as they go through the Infinite Banking Concept (IBC) framework so you can get clarity and make better decisions. Take a loan or withdraw? Remember, you should always be...

#175: What would you do if you woke up one day on the side of the road, broke and homeless? How do you get up? Who do you turn to? Today, Russ and Joey talk to a man who amassed wealth at a young age, lost everything and then made a firm decision to take uncomfortable steps to pull himself back up. Marc Pelletz is the author of Think Like A Real Estate Investor and a real estate expert who teaches people how focusing your thoughts to be positive and having a strong faith in God makes the difference in...

Section 7702 of the U.S. Internal Revenue Code defines what a life insurance policy is for taxation purposes. It was originally written in the 1980s, and an amendment was signed last December 2020. What exactly changed? Is this good news? Would this result in lower interest rates and more pricing flexibility? What does this mean for you? If you want to know more about what's going on, listen to this episode as our IBC (Infinite Banking Concept) coaches provide insights into how the new tax laws impact the insurance industry and what this means for those who are into infinite...

#174: How’s your 2020? We saw a lot of challenges in the year that was, but there were also great opportunities for those who are willing to act. Yearends are usually a time for reflection and looking back on the things we learned. Today, our hosts will share their Passive Income Report as they have been doing in the previous months. This practice has been part of Russ’s vision board. It’s always good to look at what’s been working and what’s not, and coming up with strategies to do better in 2021.

Aside from their different...

Have you been thinking about wealth-building opportunities? You probably heard about a hundred different ways to achieve financial freedom. How do you know which is the right way to go? In this episode, the IBC coaches give out their top reason for considering infinite banking (IBC) and whole life insurance as a tool to get more creative with how you can make your money work for you.

In case you’re not familiar with the IBC just yet, Nelson Nash’s Becoming Your Own Banker (BYOB) explains how your whole life insurance policies’ cash surrender value can be use...

#173: When was the last time you invested in yourself? How far are you willing to go to get clarity and reach a successful and fulfilling life? Today’s episode features Alex Pardo, host of The Flip Empire Podcast and co-founder of ASCEND, a high-level mastermind and coaching community. Whether you are stuck in your job and unsure of the next steps or have a business that you want to grow, Alex’s story will resonate with you. Learn how taking chances and betting on yourself can help you realize your life purpose and carve your path to success. 

To...

What does Dave Ramsey think about IBC? And why does it matter? Information dramatically influences one’s choices. If you’re looking for ways to create financial freedom and learn more about the Infinite Banking Concept (IBC), you’re in for a fiery episode. In Dave Ramsey’s 9-minute video Why Infinite Banking is a SCAM!, he calls the IBC a Ponzi scheme and “whole life done horribly.” This is Part 2, where the IBC coaches break down Dave’s video contents and debunk the misrepresentations and half-truths in it. Russ and Joey will also go over Dave’s 7 Baby Steps and discus...

#172: Are you at that point where you can’t decide the path you have to take? Listen to this episode and find out how you can have clarity, take control, chart a path, and achieve freedom. Today’s guest, The Fearless Investor, Kyle Stanley will share tips on how to invest, kickstart your business, or become a better business owner. Learn about arbitrage, short-term rentals via AirBnB, and Kyle’s BRRRR framework. (Buy->Rehab->Rent->Refinance->Repeat) 

If you have a strong desire to invest in a short-term rental business via AirBnB, and make it work, check out the...

If you want to get financial advice, where would you go? Who do you ask? Would you listen to someone who says one thing but does another? This episode is prompted by radio and television celebrity Dave Ramsey’s 9-minute video Why Infinite Banking is a SCAM!. Dave’s comments were in response to a caller who has taken up his 7 Baby Steps and now asking about IBC. Listen up as we break down the difference between what Dave says and what IBC teaches about building passive income. Instead of running from things we don’t understand, let’s get the...

#172: So you’ve just come up with a fantastic business idea, now what? How do you drive demand and create scarcity so people want to buy your product? Marketing your product is the best thing you can do as an entrepreneur. Today we have Stephen Woessner, CEO of Predictive ROI and host of the top-rated Onward Nation Podcast, who will lay out the process in identifying your ideal client avatar and finding your niche so you can grow your business. “Stop wandering aimlessly,” and pick up valuable strategies from Stephen’s journey from a struggling entrepreneur to becoming a successf...

#169: “Vision is something that you think about, but the reality of it is when you can see it because you put it down somewhere in front of you.” ~ Russ Morgan

As we’re nearing 2021, it’s a great time to sit down with your family, envision what you want to accomplish for the coming year, and put everyone’s ideas on a vision board. The Passive Income Report is part of Russ’s vision board. This practice was inspired by Entrepreneurs on Fire by John Lee Dumas and The Smart Passive Income by Pat Flynn, who put their passiv...

It’s the season of giving, and we love giving gifts. If you can pass down anything to your children, what would it be? Have you ever considered using life insurance as a gifting mechanism? In today’s round table, we’ll talk about how to use your insurance policy for gifting. A couple of ideas would be funding a life insurance policy for a child or grandchild or electing a portion of your death benefit to go to a charity. Using the Infinite Banking Concept or IBC, we buy cash value, and we purchase infinite uses of that cash v...

#168: Are you someone who just experienced a major life change? Maybe you lost your job, had a considerable business failure, or even a failed marriage. Whatever it was for you, know that there’s life after what you’ve just been through. Today we have Joshua Kalinowski, host of The JK Experience and a very successful businessman who lives a purposeful life. His story will bring clarity and some practical steps you can take to manage the transitions in your life. Listen to Josh’s journey so you too can find your vision, discover your greater purpose in life, become...

Today’s conversation is: “What if I can’t pay my premiums?” We’re going to bring out all the scary things that one can think of and hear what the coaches have to say. Let’s look at some of the thought processes that trigger the question:

It depends on what ultimately you are trying to achieve and how you view your premiums. Do you consider your premiums as an expense or an investment? Are you building your insurance policy for the death benefit or for creating gro...

This is an extraordinary Christmas episode as Russ and Joey bring their kids once more to the show. The younger kids, ages 6 through 10, share some fascinating history around Christmas, why we celebrate it and what is special about it. Get ready to hear awe-inspiring thoughts, some of which you may already know, but still refreshing to reminisce. Hear about The Upside-down Kingdom, where God came to serve, not to be served. Understand that “Emmanuel, God with us” - means the ultimate bad thing will never happen to you because of God’s amazing gift - Jesus. And that Saint Nichol...

#167: Most people calculate profit the wrong way. We’re so used to this formula:  Income - Expenses = Profit. What if we look at it the other way around? Join us as we talk about profit with Susanne Mariga, CPA, host of The Profit Talk Podcast, and co-author of the book Profit First For Minority Business Enterprises (2021). In today’s episode, Susanne will guide us through flipping the equation, avoiding the entrepreneur poverty situation, and taking the profit first concept. We will cover some tips on putting a rein on your expenses, understanding the target allocation percentages, defining what winning looks...

We're back to talk through the intricate details of the Infinite Banking Concept. One question that usually comes up from people who have whole life insurance policies is: “How long do I have to pay my premiums?” Like most other questions we previously discussed, there isn’t a one-size-fits-all answer to how long you have to pay your premiums. 

Consider what’s more important to you: Return ON your money or return OF your money?

Let’s reframe the question as follows:

#166: You’re in for a treat as Joey and Russ bring in their daughters to share insights about Robert Kiyosaki’s book, Rich Dad Poor Dad for Teens. Today’s episode covers part 1 of the book, which is about The Language of Money. The girls, aged 15, 14, 13, and 12, kick off the discussion with their main thought about money. Words like “necessity, worry, not thinking about it, and work” come to mind. They dig deeper into details of how to overcome fear, the positive impact of journaling what you want, the power of positive affirmations, and exploring what options are available instead of...

It’s another round table discussion where we break down the topics within the Infinite Banking Concept (IBC). Today, we’ll talk about how long you should pay your paid-up additions (PUA) rider. Last time, we talked about what we can do with dividends, one of which is reinvesting it. In essence, you purchase paid-up additions (PUA) using the policy’s dividends instead of premiums. Paid-up additions enable more cash value in your insurance policy and faster growth from dividends. It’s like rocket fuel that helps make your money more efficient. An intriguing discussion is how long you should b...

#165: If you’ve been working for 40 years and have put money towards your retirement, are you sure it will last? While spending your money over the remaining years of your life, you wonder: Is this all there is to it? 

The accumulation method is a villain. It taught you to scrimp and save until you have a mountain of money, yet in the end, you still worry that it’s going to run out, creating a scarcity mindset. Is there a better way? Let’s hear from a former stockbroker - The Real Estate Preacher, Randy Lawrence. Today...

Today’s topic is about dividends: how they are created and how they can be used. In the book, Building Your Warehouse of Wealth by R. Nelson Nash, the whole life policy is compared to a tree that grows; it can never shrink. You can find evidence of growth in the rings within the tree. And as the tree grows, it bears fruit. Dividends are the fruit of the policy -- the surplus or the return on premium. Now, what can we do with the fruit of the tree or the dividends from your whole life policy?

4 Th...

#164: There’s an emotional component to money. Volatility is not just about returns but what it does to you personally. There’s always this question of “Is your money ever enough?” One of our favorite topics is sharing our monthly passive income report and what we’ve been doing. As we always talk about in Wealth Without Wall Street, none of it is about timing. It’s all about cash flow. 

Here are some lessons we’ve learned from engaging in different business ventures: 

It’s Thanksgiving Week, and we’d like to thank the man who introduced a completely different concept in the insurance industry -- the Infinite Banking Concept or IBC. We’ve been discussing IBC in this podcast, but today we’ll share an interview last May 2018 with this great man, our IBC mentor, R. Nelson Nash. 

A former forester, airline pilot, and life insurance advisor, Nelson discovered IBC in the early 1980s. He struggled with high interest rates (23%) on loans from commercial banks. While ruminating over his financial predicament, Nelson realized he could fund whole life insurance policies...

#163: Is there a way to stop trading your time for money and spend time doing the things you love? If time is our most valuable asset, how do we track it? How much time do you spend working? How can you take back control of your time? Today, we learn more about this idea with Brian Ellwood, host of 12 Houses To Freedom, the podcast that shows you how to create passive income so you can pursue your passion. 

Brian shares that having passive income is excellent, but passion income is something different. Passion income is money generated b...

Is IUL or Index Universal Life Insurance good for IBC? We’ll answer this in today’s round table. First, let’s try to understand the context of IUL and IBC. IUL is essentially a risk mitigation tool providing “upside potential with downside protection.” It is built on universal life insurance and meant to offset or compete with what’s happening in the market. IUL provides a constant rate of return and the cost of insurance premiums. Now, IBC is about Becoming Your Own Banker, a concept introduced by Nelson Nash. Its process revolves around accumulation and distribution, taking control of y...

#162: Why do people go to college? Is it a must? To continue our review of R. Nelson Nash’s book, Becoming Your Own Banker, let’s talk about the value of college education. People spend a considerable amount of money to go to college, business school, or medical school to learn a skill or get a certification. Taking the cost of a college education into account, is it worth it? Today’s students get sent to the business school to be trained, not to learn. Instead of spending money outright on college education, why not start saving? 

To illu...

What’s one thing you wish you can do again if you can go back in time? Have you ever wished you’d known something sooner? Why would someone want to go back in time? We’ll answer these questions in relation to infinite banking. We can achieve three years of growth in just 18 months by backdating the policy, a common practice in the insurance industry. Compressing time and accelerating growth is something that many people are beginning to consider now. For someone with a lot of cash available, this is a good strategy. 

To illustrate:

1. Y...

#161: Most people dream of having financial freedom, but get stuck working endless hours in a job until they’re 60! Ready to take control of your life and create a business that is not a job? Tune in to this episode. Today's guests, veteran real estate investors Adam Southey and Justin Sliva, share how they discovered the wildly profitable niche of land flipping as a way to create wealth and live life under their own terms. 

What you'll learn:

What would you have done differently after knowing what you know now? We all have this habit of doing things on our own. We only consult an expert after we’ve messed up. Take the question of what’s the best way to design a policy. Clarity is the key. If you understand the problem, the solution will be clear. You have to identify what’s important to you and why, where you’re headed, and how you’re going to get there. Focus on long-term results and be ready to infuse capital. When we talk about owning your journey to...

#160: Welcome to the continuation of the Wealth Without Wall Street Podcast's Monthly Passive Income Report. This episode we go over our September 2020 passive income streams and show you how we had a 30% percent increase from last month. We discuss why some strategies didn’t work for us, but could still work for you. From taking on more expenses to dealing with neighbors who want us out, we go over every aspect of the business and give you exact numbers to put into perspective. Money is just a tool that we trade for time, but time waits for no man. Sh...

#159: In these times of market uncertainty and job layoffs, no wonder so many people are escaping the 9-5 and seeking financial freedom. Making that decision may be half the battle, but where do you go from there? Today’s guest is Scott Krone, the owner and founder of Coda Management Group. Coda is an international award-winning design and build firm that manages self-storage and other real estate assets, whose values range in the hundreds of millions. In this new episode, they discuss why you should look for problems to solve during a recession, how to keep your investors committed an...

When we talk about life insurance, people usually think of a whole life policy—your policy is active until you pass away. This has its benefits, but many people would benefit more from a term life policy. Simply put, a term life policy is active for a designated set of years, which allows it to have lower premiums and the ability to convert into a whole life or infinite banking policy. Most whole life insurance policies are calculated based on the number of working years someone has left, which can both be wrong and unsettling to think about. In co...

#158: It’s easy to feel as though taxes are stealing your wealth, and if you don’t know how to approach the tax code, you’re right. On the flip side, if you choose to embrace the tax code, you’ll discover the many ways to keep and expand your money. Today’s guests are Todd Mardis and Walt Dallas of Capital Preservation Services, whose collective mission is to leverage every legal and defensible way to expand their clients’ wealth through the tax code. They cover the concrete steps to getting more deductions and cash flow through your estate, as well as t...

Should I start a new policy or pay back my policy loans? It reads like a black or white decision, but it’s more complicated than that. Before you answer that question, answer these: Do you see your policies as assets or expenses? Are you expecting more money soon or not for a while? Is your policy new or old? Are you 30 years old or 5 years from retirement? No decision lives in a vacuum, so there is no “right” answer. The best course of action depends purely on your unique situation and goals. Once you determine those answers, you will b...

#157: Money is a powerful resource, but nothing is more universal than time. So, what if you have more money than time? You work diligently at your job and are paid well for it, but if you don’t possess the time to reap the benefits, what was the point? Today’s guest is Travis Wood, a full-time airline pilot who loves his job and is compensated well, but he found himself reaching the end of his job’s ladder and feeling stuck. He knew that there was more to life for him and his family, so instead of settling into a...

What’s the connection between your life insurance policy and taxes? It’s easy to see these two as existing in different worlds, but they’re more connected than you think. In essence, you can take out a life insurance policy and use its cash flow to pay your taxes. Paying the two separately and directly is a viable option with less complexity. However, by learning the nuances of taxes and insurance policy, you will develop a higher understanding of money on all levels, create more options for your family, and live the life you want.  Spoiler alert: You can’t s...

#156: Mindset is Important no matter where you are at in life. It can be helpful whether you’re starting and running a business or if you’re trying to be a better steward of your money at home. Today’s Guest, Rod Khleif, tells his story of great rises and great falls and how he found the true meaning of success. Early on, Rod got everything he wanted. He even bought his dream multi-million dollar house on the beach. And yet after only 60 days of obtaining his house, he realized he was fully depressed. He was simply unfulfilled and his ex...

How can I pay premiums? This topic can become an absolute mind-shift. Many new policy holders think about their premiums as an pure expense. "I've got to pay this", "how can I possibly keep this up?" Common feelings like these early into the policy can occur. Simply put, this is entirely a financial tool. A tool to be used like an asset, not an expense. Once you see that, you view your premiums as an incredible opportunity to grow your journey towards financial freedom.

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Want to go even deeper into the conversation? Join our...

#155: Welcome to the continuation of the Wealth Without Wall Street Podcast's Monthly Passive Income Report. This episode we highlight our August 2020 passive income streams.

We’re opening up the books and are sharing our actual passive income numbers with you. We want you to see if they’re working and to help inspire you to start today on growing your passive income. If you don’t keep score, it’s hard to know how you’re doing. These episodes help us open up our eyes. We’re also unlocking not only the revenue from our passive income sources, but a...

This week’s round table is all-out answering this common question: “Why would I ever want to borrow my own money and pay interest for it?” This is one of the biggest hang-ups about the concept of infinite banking. Spoiler alert - you’re actually not borrowing your money. Listen in and hear how to get clarity on this and many more questions regarding policy loan interest.

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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 t...

#154: Can ATM’s be a solid investment opportunity? All of us know that feeling of being in a situation where you need immediate access to cash. In those situations, the importance of the need for that cash greatly outweighs the hefty service fee the machine tacks onto the withdrawal. Someone is benefiting from those transactions and today’s interview is with one of those investors, Dave Zook. Dave walks Russ and Joey through how you can make money from ATM machines and how intensive it might be. We talk about the end users of ATMs and if they’re going...

Today’s Round Table discussion is a heavy-weight matchup between Velocity Banking and the Infinite Banking Concept.

Russ, Joey, Ernie, Mark, and JD all come together to take a deep dive on whether you should build equity inside your mortgage or outside your mortgage and how taking full-control of the process might be the tipping point in one direction.

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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...

#153: How to Build a Life Worth Chasing - With Chase Maher 

We are trained in American society to get into debt. How can you do the opposite of what the middle-class is trained to do and do what the wealthy know how to do? Even for those who choose to save up and then spend, there are very little ways to get out of the cycle. We should make our earnings go to work for us and if we’re going to spend anything, we’re going to spend what that produces. 

Chase Maher of The Li...

In this episode of the Round Table, we’re talking about retirement Income… the infinite-banking way. This is a reminder that we’re creating income streams, not accumulating assets. The building of an asset is the first part of the infinite banking process, and the borrowing against those assets to generate cash flow is the second part of it all. The second part is what might scare people away from trying to reach financial freedom. 

Potential conflict can be seen as a deterrent to starting something new and big. However, conflict makes things interesting and if you were to...

In this episode of The Wealth Without Wall Street Podcast, Joey and Russ take on part 15 of the Becoming Your Own Banker by R. Nelson Nash book review. They discuss the chapter about "An Even Distribution Of Age Classes" and the importance of thinking long range. Legacy in its simplest forms is at play here. You need to think about passing along the knowledge to future generations. Nash is all about making you to think “how do I play out this becoming your own banker process for generations?” Chances are, you’re the first person to start this process in you...

This Week's Episode Topic: IBC with your CPA. On this episode of the Round Table, the guys will discuss how you can work with your CPA in a proactive manner all in an effort to keep as much of your money as possible. There’s almost like an internal gut feeling that says “I’m missing out on something”, and “What else should I be doing?”.

We’ve hit on the show before about concerns of; Is the tax-train coming in 5 years, 10 years, 20 years from now, or how does this year’s election affect that? The best way to answer al...

#152: Today's podcast interview is all about understanding Tax Liens and we brought in the Tax Lien Lady, Joanne Musa. Tax liens are fairly straight forward, but they can get complex in a hurry. Tax liens at their core are the result of when people don't pay their property taxes and cash-strapped  states will sell these taxes to investors, resulting in a lien against the property. Auctioning these liens can be lucrative and an effective way of working towards financial freedom.

Top 3 Things You’ll Learn

This Week's Episode Topic: Collateralize your policies with a bank line of credit?. On this episode of the Round Table, the guys attack a part of the process of Infinite Banking when we’re taking loans agains insurance policies. Do you wish you could access your insurance funds faster and better? What about accessing the funds on the same day? Or even have access through a checkbook? Or even bigger… what if you can reduce your interest rate on accessing these funds? Fair warning, this is an expert conversation. If you’re a beginner to Infinite Banking this one may sh...

#151: Welcome to another first on the Wealth Without Wall Street Podcast! 

Today, we’re opening up the books and are sharing our actual passive income numbers with you. We want you to see if they’re working and to help inspire you to start today on growing your passive income. If you don’t keep score, it’s hard to know how you’re doing. This episode has helped us open up our eyes. We’re also unlocking not only the revenue from our passive income sources, but also talking about how passive they actually are. We offer our commu...

On this week's episode of the round table, the guys ask an important question: If you start a policy, do you want your dividend to be affected if you take a loan against the policy or not? Joey and Ernie dive deep into the differences between direct and non-direct recognition and compare how both are similar to using different clubs at the golf course.  If you're a numbers oriented person, this might be the topic that has prevented you from getting a policy in the past. Therefore, this episode will help push you towards a more definitive answer of whi...

#150: What are you doing with your time right now? Are you going to use this time, especially during the continuing COVID-19 outbreak, to educate yourself on areas that will give you MORE time to spend with your family? Or are you going to just scroll through one more YouTube Video or news article?

Our guest on today’s show, Reed Goossens, shares his story of escaping the cubicle and investing his time so that he could have more freedom to spend with his family. Reed explains why he quit his job as a structural engineer in Australia an...

This Week's Episode Topic: Starting Policies on Your Kids. On this episode of the Round Table, the guys discuss starting IBC policies on our children so we can start preparing them for success. They explain how to create a mindset that encourages your children to start thinking creatively about financial growth even at a young age, and how starting a policy on them provides so much synergy to growing that thought process. If you are wondering "What could I tell or do for my children to help them become more successful adults" this is the perfect episode to get y...

#149: How can we teach our teenagers about financial literacy? What are the ways we can present ideas about finances to teenagers that will not only be engaging, but create lasting concepts in their minds?

Our guest on today’s show is Dan Sheeks, founder of SheeksFreeks, a blog dedicated to helping young people make intelligent financial decisions that allow themselves to reach early financial independence and live their best life. Dan tells the guys how he’s teaching teenagers about the core principles of financial education and how he’s creating communities to help them stay accountable to the...

This Week's Episode Topic: Paying Down Debt Through IBC. This week at the Round Table, the guys talk about the most prominent issue in the IBC process, paying down debt. Joey, Russ and Ernie talk about how you can not only pay down your debts with the Infinite Banking Concept but also grow your capital for the future. They tell you how to pay off debt, the most efficient was to pay it off quickly, and how to grow your money so you can reach financial freedom faster. This is an action-packed episode of the Round Table you don't...

#148: Why should you consider investing in mortgage notes? How can investing in mortgage notes, specifically notes where the borrower is not making all of their payments, can be profitable?

Our guest, Jamie Bateman, explains how he began investing in mortgage notes and created significant returns by buying notes at 50-60% discounts. He tells our listeners how he finds notes online, which notes are the best to purchase, and how to flip the properties to maximize his returns. 

He also shows the reason purchasing notes pairs well with IBC and how both investments offer an incredible a...

This Week's Episode Topic: Spread the Movement.

On this week's episode of The Round Table, the guys tackle the issue of spreading the movement of IBC to our friends and relatives. They want to share with you how you can explain The Infinite Banking Concept to your friends and family in a way that highlights the freedom these policies can offer. If you want to explain to others how they can stop trading their time for money, and how IBC can provide them REAL financial freedom, this is an episode you have to listen to.

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#147: The Cost of Acquisition can dictate a lot of our decisions in business. The liquidity of having cash on hand can often make or break an opportunity for us. So how do you find the optimal vehicle for wealth that creates returns that offset the cost of acquisition?

Joey and Russ talk about the importance of control in investing. They explain that most people’s money doesn’t reside in a place that they can easily access. As a result, they end up making decisions because they HAVE to not because they WANT to. The guys then expl...

This Week's Episode Topic: Hesitations with Using IBC Policies. 

On this week's episode of The Round Table, Joey, Russ, and Ernie talk about a topic that people face when purchasing or maintaining an IBC Policy: Hesitation. The guys break down why people can be so hesitant in investing in IBC Policies. They also explain why it can be so difficult to unlearn something we've been taught since we were younger, especially when it comes to investing for our future. However, it's NOT impossible. With this episode you will see how you can begin to retrain our mindset to not onl...

#146: We’ve said many times on this show that our environment dictates what level we will rise to or stay at, especially when it comes to investing in yourself. So how can you go from being part of a mastermind to OWNING a mastermind? By expanding your horizons and surrounding yourself with people who are experts in their field.

That’s exactly what our guest on today’s show, Bill Allen, did when he joined and subsequently became the owner for 7 Figure Flipping. Bill talks about how he got into real estate investing during his tenure as a Navy...

This Week's Episode Topic: How To Prevent Your Business From Dying with Your Business Partner.

On this week's episode of The Round Table, Joey and Russ ask important questions: What are the possible things that could keep your business from continuing to grow? What are the things that could kill your business? They help walk through the steps you need to make as a business owner to protect your investments in the company and ensure it continues to grow, especially if you have partners in that business. Today's subject matter is vital for those looking to manage pa...

#145: Real Estate, as we have talked about many times on the show, is one of the pillars to creating passive income at your own pace. However, there are still external factors that can either generate risk or diminish your ability to maximize your income. So is there a niche in the market that can allow you to do something like purchase owner-financed houses with ZERO percent interest?

Our guest on today’s show, telling you how you can do real estate on your own terms without being at the mercy of the ever-changing market, is the founder an...

Welcome to the IBC Round Table! 

This is an extra podcast segment designed to drop every Tuesday that will teach you more about the Infinite Banking Concept. Russ Morgan and Joey Múre, joined with our other coaches, continue the IBC conversations that our community is having and break them down to help you get over those hangups in order to make Infinite Banking simpler so that you can take action. 

This Week's Episode Topic: Exiting the 401k Casio. 

Today's conversation is all about how you should exit the 401k casino to get more control over...

#144: A lot of schools today leave out economic and civic lessons that are vital to a child’s understanding of the world. Parents know that children need to be taught these ideals as they grow up, but the questions remain: How do I describe economics to a 7-year-old? 

Should my children and preteens care about the government?

What resources are available to me so I can provide these topics to my children in an interesting and easy to understand way?

Our guest on today’s episode is Connor Boyack, author of the best selli...

#143: What's this episode all about?

This is our 13th podcast episode dedicated to reviewing R. Nelson Nash's book - Becoming Your Own Banker. Russ and Joey take the on the discussion of the retirement trap (page 66-67). What does that mean? There are trillions of dollars that the government sets out there as a trap for us. So, how can we avoid this trap and prosper? It's simple - understand that the motives of others are not the motives of ours.

Top 3 things you'll learn:

#142: Natalie Barbu brings us on the journey about how she quit corporate America and was able to create a business that equals her goals of working from home and financial independence. 

Starting out as a content creator, Natalie built her own profitable brand through social media and grew a highly-engaged following along the way. She then expanded her personal brand into a fully built-out branding agency that helps individuals and businesses build their own brand that connects with their following.

Russ and Joey learn from Natalie about how a brand can leverage social media and Youtube and be ab...

#141: Do you feel like you struggle with managing your money? Do you have a desire to grow your money? Maybe you feel frustrated that you’re only able to share for the short term and not the long term.

On this week’s episode, Joey and Russ talk about how we can maximize our stewardship of money. They also discuss how to move through periods of our life where we can be fearful of either earning or spending too much and how stewardship ties back into a Christian mindset. Joey explains that when we begin to utilize reso...

#140: This episode is all about answering the question: How do I get started with the Infinite Banking Concept (IBC)? Russ and Joey discuss how this is a process, all while pairing it with the "Capitalizing Your System and Implementation" chapter in R. Nelson Nash's book: Becoming Your Own Banker. 

While this answering this question, you'll need to find the right coach. This coach must possess all of the right criteria which Russ and Joey lay out for you. This isn't just someone who can write an insurance policy. A coach needs to be someone who is also actively doin...

#139: Very rarely do Russ and Joey come across something new in real estate strategy after interviewing over 150 podcast guests, but this episode with Pace Morby is packed to the brim of unique and creative financing options for real estate investors. 

This action-packed interview with Pace Morby offers brilliant educational insights on being able to place yourself inside previously unheard of real estate financing positions. Imagine being able to put $0 down and having a mortgage in your name, all while having a rental property generating over $1,000 a month. This scenario is out there and Pace is here to sp...

#138: Is there a difference between short-term or vacation rental investing and traditional real estate investing? What are the advantages of short-term rentals and how can you get started?

On this week’s episode, Joey and Russ talk with Avery Carl, CEO and Founder of The Short Term Shop, about the short-term rental (or STR) investing market. Avery shares that her motivation to begin researching and utilizing STR came from her realization that she was dependent on others to tell her when/ if she would get a raise at her job. She also tells our listeners how they ca...

#137: Daniel Moore of Propellio comes into this week’s episode to discuss multiple valuable topics as he not only breaks down the future of real estate investing, the three fool-proof steps of investing in any cyclical financial market, but also his prioritization of mental, physical and spiritual health over financial success. 

With Covid-19, there’s a noticeable shift in the global market coming, Daniel’s anticipation is that the next 12-18 months will have a great housing market turn the other direction. The key to this uncertainty is the ability to perform in any market cycle. The largest...

#136: On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ continue their book review of Becoming Your Own Banker by R. Nelson Nash to dive into the equipment financing section to examine the numbers behind these policies.

Joey and Russ show how Nash was able to help his nephew grow his income from $92,000 a year to almost $220,000 a year using cash that was already available to him. This section of the book begins to back up the ideas discussed earlier with concrete numbers so you can SEE the growth taking place.

...

#135: What This Episode Is about:

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ return to their book review of Becoming Your Own Banker by R. Nelson Nash to answer an important question: Can you put all of your income into an Infinite Banking Policy?

Joey and Russ explain in order to answer that question and begin making tactile decisions that will propel you forward, you HAVE to identify what financial freedom looks like for you individually. They tell our listeners that we have to recognize that it’s not...

#134: We are all in the midst of having to make pretty significant change in our lives. Maybe your work has been completely cut out from you and you’re struggling to find an answer. 

That’s exactly where our guest on today’s show, Pat Flynn, was in 2008. After losing his dream job as an architect, Pat created a website to help others pass the LEED test, an exam many have to take in the architecture industry. People began leaving feedback on his site, with many saying his content was so good, they would pay for it. 

So...

#133: From Bankruptcy to Printing Money W/ Neil Twa

Amazon seems like the lifeblood of our society, especially during the COVID-19 outbreak. So what if there was a way for you to use Amazon’s platform to generate passive income for YOU?

Our guest on today’s show is Neil Twa, a master at selling items through Amazon’s FBA program. Neil explains how he learned about Amazon’s market and the potential that foundation had to create passive income streams for him. So after he was laid off from his position at IBM, he decided to dive...

#132: Redefining Leadership and Success W/ Shawn Lovejoy.

Great leaders are often forged in times of crisis. COVID-19 continues to decimate the economy and millions of Americans have found themselves forced to work from home. However, it’s in moments like these that leaders rise up.

On today’s episode Russ and Joey sit down with Shawn Lovejoy, Founder & CEO of Courage To Lead. Shawn tells our listeners how to become a leader even during overwhelming periods in our lives. He explains the most important resource in any leadership scenario is the people you are leading.

#131: How could creating passive income streams make a difference in you and your families lives right now? As Wall Street’s volatility continues to shift day after day during Coronavirus, what can you be doing not only to generate more income for yourself, but also add more time to spend with your family?

Our guest on today’s episode, Sid Christensen, explains how using Infinite Banking Concept to fund land deals and rental properties allowed him to change his family’s life for the better. He talks about how he found out about Wealth Without Wall Street and hi...

#130: How to be Present W/ Chris Niemeyer

How do we approach the ‘balance’ of family, work and life demands, especially during this tumultuous period in our lives? How can we work to live in the present?

Our guest on today’s episode is Chris Niemeyer, founder of Like Minded Travels. Chris is passionate about helping other entrepreneurs and small businesses work more in their sweet spot – to work less and make more. He tells our guests how they can find the balance between work and life so we can spend more time with family.

Chris...

#129: Your Big Idea W/ John Lee Dumas

How do you get an idea to see explosive growth and find success as an entrepreneur? 

Our guest on today’s episode is the legendary John Lee Dumas, founder & host of the award winning podcast Entrepreneurs On Fire. JLD explains the three key factors that lead entrepreneurs to success. He talks about finding the RIGHT content for your business and why producing lots of content doesn’t necessarily mean it is the right fit for that person.

John explains how our listeners can find...

#128:

Current Events: Coronavirus and the market drop

"The Dow plunges more than 2,000 points, the largest decline since 2008, as coronavirus fuels market turmoil." If you're living in the Wall Street mindset, it might seem like the sky is falling. But on this week's episode, Joey and Russ want to tell you why this is the perfect wake up call to begin your journey to financial freedom. In these moments of uncertainty and violent swings, they tell you what you can be doing to find passive income and eliminate the stress of seeing red on the NYSE...

#127:

The Pursuit of Excellence w/ Aaron Walker

Are you currently where you want to be in your life? If you aren’t, what’s holding you back? What are you doing to make 2020 a more explosive and successful year than 2019? If you want to become a must-have expert in your business, personal and spiritual life, a mastermind group will not only help you to become successful but significant. If you feel like you constantly are fighting uphill in your business or can’t find a way to maximize your growth, then this is an...

#126:

What This Episode Is About:

We’ve often heard our listeners ask us “How can you begin investing in real estate without having extensive funds?” The answer is simple: You need to use creative strategies!

Our guest on today’s show is the legendary guru of wholesaling, Joe McCall. Joe has been investing in real estate for over a decade, has sold over a hundred properties, and taught his students to sell hundreds more. Before he started working on his real estate investing business full-time, he had worked for several large engineering & construction companie...

#125:

What This Episode Is About:

We like to say that we often compare our financial health to our physical health. We never think we’re in incredibly poor shape, but we know there are areas that we could improve. Our guest on today’s show, Dr. Lance Ellis, began to see the correlation between the two after he had a heart attack in his 40s while on a ski trip with his wife. 

Dr. Ellis is a board-certified orthopedic surgeon out of Waco, Texas. He explains how he thought he was doing the right...

#124:

What This Episode Is About:

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ sit down with Brian Davis to discuss 5 common mistakes new landlords make when they begin investing in real estate.

Brian is the co-founder of SparkRental, an automated landlord software, and is a nationally recognized rental industry expert. He explains how he began investing heavily in real estate during the housing bubble in 2005, how the market crash left him with dozens of negative cash flow properties, and what he did to rebuild his passive in...

#123:

What This Episode Is About:

What is one of the most important things to have, whether it’s in your personal life or in your business? A strong personal brand. But how do you grow your brand to rise above the noise? What can you do to set yourself apart from the thousands of other voices fighting for attention?

Our guest on today’s show is Jason Stapleton, an expert on brand consultation and growth. Jason grew his first company, Trade Empowered, into a multi-million dollar brand and is now one of the larg...

#122:

What This Episode Is About:

Are you tired of chasing people around to find consumers, partners, or investors? What if there was a way to make yourself a person of interest and draw people to you instead?

Our guest on today’s episode is Coach Micheal Burt. Nicknamed “The Super Coach”, Coach Burt is a unique blend of a former championship coach with an entrepreneurial mindset. He has quickly become the go-to business coach for aggressive minded companies in competitive and saturated markets who want to look different, run faster, and be agile.

He...

#121:

What This Episode Is About:

We’ve all second guessed ourselves at some point in our lives, especially when it comes to financial decisions. However, is there anyway to go back to a plan after abandoning it? How do we decide what’s truly right for ourselves and our families?

Today’s episode talks about a client and friend of Wealth Without Wall street, Jonathan Sanders.He shares his personal journey of being exposed to Infinite Banking, but canceling his policy after only 7 months. He then explains what brought him back to it, and ho...

#120:

What This Episode Is About:

What if there were a way to use your phone to generate a profit for you every time you went shopping? What if you could use this method to create a business that passively generates income straight from your phone?

Our guest on today’s show is Ann Sieg and she discusses how to shop your way to wealth by purchasing items in bulk and then sell them for a profit through things like Amazon. She explains that using these services is one of the best methods of ca...

#119:

What This Episode Is About:

Are you tired of waking up in the morning and saying I HAVE to go to work today? Do you feel like all of your time is consumed thinking about or working to earn money? Is it easy for you to say I have to do this to ensure you have enough to cover all of your expenses? Joey and Russ sit down today to discuss how people can stop trading their time for money. 

They break down the financial formula and why maximizing your passive income is t...

#118:

What This Episode Is About:

Should we fear failure as much as we do in today’s culture or should we embrace it and learn from it? J. Massey is our guest on today’s episode and he argues how important failure is to our long term success. In just six years, J. went from selling his possessions on eBay to building an impressive real estate portfolio of over 300 units that includes residential and commercial properties, as well as private notes and mortgages. 

J. explains that it’s important to fail fast, fail forward...

#117:

What This Episode Is About:

Have you ever considered that banks can only make a loan from your deposits? Let that sink in for a moment. Should your deposit be working for you or for them? Today Joey and Russ discuss with Chris Naugle how the wealthy understand this concept and use it to their advantage. Chris explains that he earned his wealth by learning and imitating what the wealthy ACTUALLY do rather than what they tell others to do.

Chris Naugle has dedicated his life to being America’s #1 Money Mentor. His su...

#116:

What This Episode Is About:

On this week’s episode of the Wealth Without Wall Street Podcast, Joey and Russ bring Tal Simpson back to explain how he originally got into real estate investing and how The Infinite Banking Concept was a cornerstone to building his properties. He went from owning zero properties and working a job he disliked to owning over 60 rental properties and creating financial freedom in less than 2 years.

Tal explains the steps he took once he learned about IBC to build his real estate investments, the mistakes he made al...

#115:

What This Episode Is About:

Real Estate is a crucial pillar of wealth when it comes to financial freedom, but what if you don’t want to actively own or manage a property? Brian Page is our guest on this week’s episode of The Wealth Without Wall Street Podcast, and he discusses how he built a business with AirBnB properties. He explains his “formula” that allowed him to earn $117,000 in 6 months and over $300,000 his first year. 

Brian discusses his challenges of building passive income without any properties, limited cash in the bank, and terri...

#114:

What This Episode Is About:

On this week's episode of The Wealth Without Wall Street Podcast, Joey and Russ sit down to discuss R. Nelson Nash's book, Becoming Your Own Banker, and how its serves as a critical piece in understanding the foundation of The Infinite Banking Concept.

They explain Infinite Banking by looking at the story of two sisters buying cars and how, despite using their money in almost identical ways, one sister is able to grow her wealth over $700k more than her sister’s account.

Russ and Joey be...

#113:

What This Episode Is About

A lot of times the path to financial freedom isn’t straightforward or without failure. So what do we do when we run into those barriers? How can we overcome challenges in our lives and build successful businesses and investments?

Mitch Stephen joins us this week to share his experiences from his latest book which he titled “MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom.” Mitch has been a self-employed RE investor for over 20 years and he began learning real estate at only 23 after reading Robert Allen’s book “No...

#112:

What This Episode is About

We've talked before on the show how profitable house flipping can be, but what if you want to try flipping properties remotely in states that you don't live in? Is that even something you can get into, and if so, where would you look to start?

Joey and Russ sit down to talk with Steven Pesavento about building a remote real estate business where he flipped 150 houses in states he didn't even live in. He created this business in just two years! Steven now flips over 75 homes a...

#110:

What This Episode is About

We all have habits that dictate how we approach different scenarios in life. Financial biases are no exception.

Our guest today, Garrick McCarty tells about how he struggled to understand why others were using cash value life insurance to store their cash until he was turned down for a home equity line of credit. His plan had been to pay off his house as quickly as possible, but he learned that when he needed his cash back, he no longer was in control.

This is when h...

#109:

What This Episode is About

Investing in Real Estate and Financial Freedom seem to go hand in hand with one another. We often talk about just how important Real Estate is to creating passive income and many guests on our show reiterate that point.

However, what steps can we be taking to create an automated business that will allow us to generate that income?

How do we mitigate the risk of taking that first step into the market?

Is this something anyone can really do, even without a background...

#108:

What This Episode Is About

How do individuals like you and me get ahead financially? How do we build passive income that works for us in more ways than a traditional 401k or W2? Should we even care about a “Plan B” if we love our current job?

On this week’s episode of The Wealth Without Wall Street Podcast, Nichole Stohler explains how she and her husband built a real estate investment business as a “Plan B” for their income. Nichole has been in technology sales for 22 years and loves how fast-paced, dynamic, an...

#107:

What This Episode Is About

We’ve all heard self proclaimed gurus talk about how making big money in real estate through flipping properties or wholesale. Yet, how do we begin that journey without getting in way over our heads and suffering a big loss?

Jamil Damji started in real estate shortly after moving from Los Angeles. He fell into wholesaling almost by accident, but went forward with deals due to his knowledge in construction.

In 2009 he lost everything, but decided to reconnect with his family and make the best of wh...

#106:

What This Episode Is About

We’ve all had a time in our lives where we haven’t enjoyed working at our job. For some, it may be behind us, and we now find ourselves in a career we enjoy. For others, it might be a daily struggle just to get out bed in the morning.

So should we consider quitting our job to pursue passive income? If we wanted to look into that, where should we start? Most importantly, WHEN should we look to quit our job?

On this week’s epis...

#105:

What This Episode Is About

We don’t like to think about unexpected health issues in our family. We often say that “we are too young or physically fit to be thinking about those things” and just push them to the back of our minds. Our health can be something we take too much for granted. 

So what do you do when an unexpected illness or accident occurs and your insurance says they will no longer be covering you or your loved one? 

What is the best way to leverage our capital...

#104:

What This Episode Is About

Achieving success involves so many aspects that go beyond money.

It’s also about relationships, mental health and identity.

If we don’t get this right, it can submarine our finances and create total havoc in our lives.

Many people today are struggling with these other aspects, dealing with addictions, hidden shame and inadequacy.

Why are so many men and women struggling with pornography addiction?

How do we address our emotions and deal with them at the root?

On t...

#103:

What This Episode Is About

There’s a reason why the wealthiest people in the world own real estate: it pays exceptionally well.

What are some of the ways real estate can help us create wealth?

What are profit centers and how do we lock into them?

On this episode, real estate investor, Tal Simpson shares some of the surprising places we can earn a profit in real estate. 

Here’s what we covered in the full episode: 

Profit centers that real estate provide...

#102:

What This Episode Is About

Real wealth is generated through passive income.

While we all know the benefits of life insurance in attaining a passive income, are there any equally effective alternatives?

What is land flipping, and what makes it such a great option for generating passive income?

On this episode, managing member at the Land Geek and author of Dirt Rich Mark Podolsky, shares how we can reap the benefits of land flipping and how to identify the best markets.

Mentioned In This Episode:

#101: What This Episode Is About In the game of real estate investing and turnkey real estate, knowledge is power. Why is it so important to educate ourselves before diving into investing? Where can we find the relevant information we need to invest wisely? On this episode, investor, author, podcaster and Founder of Norada Real Estate…

#100: What This Episode Is About To be a cash flow investor, we need to be in one of three businesses; laundromats, self-storage, or car washes. If we’re thinking of investing in car washes, how do we start, and how should we be structuring our branches? What are some of the challenges we may go through,…

#99: What This Episode Is About There are so many different types of life insurance, that sometimes it can be difficult to work out which is best for you. Does it make more sense to take out a whole life policy, or is term life insurance more appropriate? Which is cheaper, and which will give you…

#98: What This Episode Is About Alongside convenience, platforms like Airbnb have become popular thanks to their options for reviews. We have to make sure we’re offering a service our market wants, and be willing to go the extra mile. Even if we’re not willing to put in the extra work yourself, we should consider hiring…

#97: What This Episode Is About As business owners and passive investors, it’s important to remember we won’t become successful overnight. What lessons should we be learning along the way? How can transparency improve our business? On this episode, CEO and co-founder of High Return Real Estate, Jeff Schechter shares the mistakes he’s made and the…

#96: What This Episode Is About A lot of the teaching resources on finance focus solely on technical aspects. What other factors are involved in generating wealth? How can human problems impact our journeys to success? On this episode, we discuss the human problems Nelson Nash identifies in Becoming Your Own Banker. Mentioned In This…

#95: What This Episode Is About Commercial real estate offers great opportunities for passive investment, but not all real estate is created equal. Which space should we be investing in? How can we identify an appropriate market for our investments? On this episode, Managing Partner at Integrity Holdings Group, Steven Libman, shares his experience with the…

#94: What This Episode Is About We all want to build wealth, but sometimes we need to be pointed in the right direction for the process. Where should you start on your journey to build wealth? How can real estate help you accomplish your goals? Should you invest everything into your business once you decide to…

#93: What This Episode Is About One of the best ways to create a passive income is through real estate. What are turnkey investments, and why might they be a great option for you? How do you maintain a turnkey investment property? What advantages do they offer? On this episode, Terry Kerr and Liz Nowlin Brody…

#92: What This Episode Is About Taking over the banking function for yourself and your family is a rewarding experience, but it’s not risk-free. What do you need to know about private lending before getting started? How can you avoid making mistakes as you become your own banker? What steps can you take to ensure that…

#91: What This Episode Is About We’ve talked a lot about becoming your own banker, but what system or set of principles can get you there? Is it possible to become your own banker immediately? How can you create your own banking system that ensures a great legacy, rather than immediacy? On this episode, we’re explaining…

#90: What This Episode Is About The idea of becoming your own banker is overwhelming if you’re thinking about what it takes to build an actual bank. What does it actually mean to be your own banker? Which basic processes of traditional banking can you make your own? How should we think about our life insurance…

#89: What This Episode Is About So many people struggle to solve their financial problems simply because they’re not acknowledging the issues present. Once you do identify them, how can you approach money in new ways? How should you be addressing debts? On this episode, we’re discussing Chapter 4 of Becoming Your Own Banker. Mentioned In…

#89: What This Episode Is About No matter what your business specializes in, you should be applying the example Nelson Nash gives of the grocery store. If you understand the grocery store, then learning how to Become Your Own banker is a piece of cake. Is there an easy application? On this episode, we’re unpacking pages…

#88: What This Episode Is About By now, most of us are aware of how much misinformation exists on wealth creation. But what about the information we hear about other parts of our life, like our health? How can you cut through the noise and adopt a healthier lifestyle that you can sustain? Which core fundamentals…

#87: What This Episode Is About For years, we’ve seen a steady rise in the markets. While this is favorable in the present moment, we have to consider when we’ll see an inevitable crash. What are some of the indicators that a recession is imminent? Where should you invest in preparation for a possible crash? On…

#86: What This Episode Is About Modern estate planning is inherently outdated. How can you find an effective way to plan your estate, that works in our current market and society? How do you assist your family after you graduate from this life- without passing on unharnessed wealth? On this episode, Managing Partner and co-founding attorney…

#85: What This Episode Is About We’re often told that we should make provisions for our families after we die, but most of us start this process too late. When is the ideal time to plan your family’s financial future? How should you go about this process, and what are some important things to know? On…

#84: What This Episode Is About Too many people are stuck in the cadence of life and have shut off their imagination, acting as mere robots. When you think of the most successful people you know, how many of them lack imagination? How can you tap back into your imaginative abilities after years of suppressing or…

#83: What This Episode Is About Though we’ve received so much inspiration from Nelson Nash, we’ve never given a review of his book, Becoming Your Own Banker— until now! Why is it so important to become your own banker? How can you go about creating your own wealth? On this episode, we discuss Nelson Nash’s legendary…

#82: What This Episode Is About A lot of us are excited to generate passive income and build businesses off of that desire. What happens when you actually start your business? How can you give yourself freedom while growing your business? When and how does the income become ‘passive’? On this episode, we’re speaking with business…

#81: What This Episode Is About People in their 40s and 50s are sometimes referred to as the ‘sandwich’ generation— caught between supporting their children and their elderly parents. What can you and your parents do today to ensure they are financially sound in their retirement? Are solutions like ‘reverse mortgages’ too good to be true?…

#80: What This Episode Is About Last week, the legendary creator of the Infinite Banking Concept, Nelson Nash, passed away at the age of 88. His life was full of experiences where he focused his time thinking, learning, and teaching. What lessons did we learn from him? What can we do to ensure we live our…

#79: What This Episode Is About In the 1990s, the ‘4% rule’ promised to keep people afloat during a 30-year retirement, but now things have changed considerably. Why is the 4% rule less relevant now? What are the alternatives you can use today? On this episode, author and Professor of Retirement Income, Wade Pfau, shares why…

#78: What This Episode Is About When it comes to buying investment properties, what should we be thinking about and prioritizing? Who should we have in our corner assisting the transaction? How can we apply the concept of learning from mistakes to our business? On this episode, we talk with Aaron Chapman, an investment mortgage veteran,…

#77: What This Episode Is About The quest for financial freedom is a complicated one, especially when so-called “incentives” threaten to undermine your control of your own money. How can you be sure you’re not falling into a trap? What can you do to identify schemes aimed at using your money to make someone else richer?…

#76: What This Episode Is About One of the biggest questions people have about building wealth is how they can go about creating equity with a house. Is it a wise strategy to build equity by making extra payments to the bank? How can you employ a life insurance policy to get the best of both…

#75: What This Episode Is About Every entrepreneur knows that no matter how many sales we’re making, there will always be bills to pay. This is a huge challenge when money isn’t flowing in. How can Infinite Banking help if you find yourself in that position? Why should you intentionally have a system to manage the…

#74: What This Episode Is About We hear about the success stories of those using the Infinite Banking Concept, but often forget that the people behind the success are very much like us. Did they ever have the doubts we may be having now? Do they have any regrets that we could learn from? On this…

#73: What This Episode Is About A sense of community is a powerful force in bringing people together. Whether through family, friends, church, or something else, most people have some sort of personal community that they are a part of. How can we use the same spirit of community to our advantage in our business? On…

#72: What This Episode Is About One thing that makes a huge difference both in business and our personal lives is our willingness to commit to lifelong learning and self-improvement. Why is it important to attend live events? How do we make sure we’re getting the most out of our event attendance? How do we avoid…

#71: What This Episode Is About Once your life insurance policies have been set up, it’s still important to maximize the use of your money in other ways. How can you use property management as a vehicle for financial freedom? How can we build a system that can be scaled, allowing us to stop trading time…

#70: What This Episode Is About When it comes to financial products, there’s always someone vying for our attention, and it can leave us unsure of what steps to take. What is the process we can follow to be sure we’re making good decisions? What should our jumping-off point be when we’re trying to get financial…

#69: What This Episode Is About For many salespeople, building a business on referrals seems difficult or impossible. What are the primary challenges that make it hard for them to do it? How can you tell whether you’re attracting referrals or repelling them? How do we build a culture of referrals in our businesses? On this…

#68: What This Episode Is About As entrepreneurs, we put a lot of work and effort into our business. However, when it comes to our savings and investment plans, many of us stick to the bare minimum. We play it safe. How can we build the kind of financial independence that supports our business and our…

#67: What This Episode Is About There’s a freight train of tax bearing down on your 401k, and a limited amount of time in which you can act to avoid your assets getting hit. What strategies can you use to take your assets off the train track? How can you take advantage of the tax rates…

#66: What This Episode Is About Millions of parents have the goal of paying for their kids’ college, and 529 plans are all we hear about when it comes to saving up for it. What are some of the flaws of the government plan, and are there better options? How can we make the right decisions…

#65: What This Episode Is About Every entrepreneur has had to experience a failure at some point, and that can come with a lot of baggage. How do we make sure fear of failure doesn’t hold us back from the next idea and opportunity? What does it take to get that first 1,000 subscribers and customers?…

#62: What This Episode Is About Entrepreneurs are commonly taught that profit is the last thing they should take out of their business. What is the “profit first” model, and how does it actually make businesses grow and increase innovation? Why do businesses that adopt the profit first model consistently outperform competitors? How do we transform…

#63: What This Episode Is About Our last guest, Dr. Jim Smith, talked about the importance of educating his children and grandchildren on the way he set up life insurance policies in their name. We thought it would be great to expand on that. How do we build legacies and create future wealth for our kids?…

#62: What This Episode Is About When our guest read Becoming Your Own Banker and realized all the principal and interest going to other entities, he was shocked— and it led him to make changes. What are some of the things he’s been able to do in his business and for his children and grandchildren? How…

#61: What This Episode Is About A major rise in taxes is inevitable in a country flooded by debt. In the end, the government will have to pay off the debt, and the only way this can happen is by increasing taxes. How much could taxes potentially rise? What has history taught us about taxes and…

#60: What This Episode Is About Many argue that blogging is no longer profitable, but our guest is the living proof that blogging is still in its blooming phase. In this episode, Michelle Schroeder-Gardner talks about how she paid off her college debt and started a blogging business that now earns over $100k per month. …

#59: What This Episode Is About Timing and risk management are everything in real estate. Fortunes are made just by being in the right place at the right time. How can we measure the pulse of the real estate market? When is the best time to buy? And what are the practices that can help us…

#58: What This Episode Is About Most of us save money, only to let our savings sit there. Is there a way to increase our interest rates and get tax benefits on our current savings? Why is it important to avoid investment situations where the use of our money comes with fees? And what are the…

#57: What This Episode Is About Many “technicians” love the idea of more freedom in their lives. Yet when they start a business, they realize there’s even more work to be done in order to generate an income for themselves. What did the FIRE movement get wrong about inflation and taxes? How can using a dividend-paying…

#56: What This Episode Is About There’s a new movement sweeping across America called FIRE (Financial Independence, Retire Early). They are conquering one of the biggest enemies of financial security: overspending. How can we become more aware of our spending habits? How can we spend less without sacrificing aspects of our lifestyle that we love? And…

#55: What This Episode Is About Putting together a course or a digital product that creates a passive stream of income is every online business owner’s dream. Yet many entrepreneurs lose a lot of money creating products that have no demand. How can we make sure there’s a demand for what we offer? How can we…

#54: What This Episode Is About Building a business from scratch requires emotional resilience and the ability to deal with rejection. What people should we surround ourselves with, and how does that impact our success? What models of revenue work best? Is expansion the only way to grow? In this episode, Jim Cavale shares how he overcame obstacles…

#53: What This Episode Is About Investing in rental properties can be an effective way to create passive income, but it comes with a lot of challenges. How can we invest in rental properties without all the hassle? What would a turnkey solution for rental investment look like? In this episode, Lindsay Davis of Spartan Invest…

#52: What This Episode Is About Most businesses don’t start investing in their leaders until they realize growth isn’t possible without leadership. How can we create a workspace that maximizes the skills and talents of our employees? Why is it important to invest in our own personal development? How can sharing our background stories with each…

#51: What This Episode Is About With any investment, we need to understand what can happen during the worst case scenario, and how we can still make a profit. How is investing in gold different from any other types of investment? How can we protect ourselves from losing money? How often should we make tweaks to…

#50: What This Episode Is About We’re often told to diversify our portfolio, invest more, and wait for compound interest to add up in order to increase our wealth. Why are there many cases in which compound interest doesn’t make us any money? What expenses are we missing? Why is it important to be in control…

#49: What This Episode Is About Storytelling is a powerful way to connect with people, but it can be confusing for business owners who have never used it before. After all, what stories should we tell? Should we talk about ourselves, or about what we do? How can we tell a story in a way that…

#48: What This Episode Is About Many of us are too reliant on our CPA who may be missing opportunities to help us save money on taxes. What opportunities are out there for us, and why do so many people who earn more than us pay less in taxes? Where can we find tax experts that…

#47: What This Episode Is About Everyone dreams of building passive income and stepping away from the grind. Is it possible in the investing world? What makes investing in niches so profitable? What does it take to outsource every step of the process to a team? In this episode, Mark Podolsky, “The Land Geek” shares his…

#46: What This Episode Is About It’s not uncommon to be told we’re paying too much for life insurance. Everyone wants to feel like they’re getting a bargain, so the temptation of paying less is quite high. Why is this a mistake? What are the ways in which you can actually get a return on investment…

#45: What This Episode Is About Many business owners have the expertise and talent to make it big, but lack the reach and connections to do so. How can a business owner get more online visibility and cut through the noise? What is one of the most entertaining and attention-grabbing ways to deliver content? How can you use…

#44: What This Episode Is About For business owners, it can be difficult to share the struggles of entrepreneurship with friends or family who aren’t a part of the same journey. How can peer groups help entrepreneurs find a place where they can fit in and make lifelong business partners? What can be learned from these…

#43: What This Episode Is About The hiring process is stressful and costly, especially when new hires don’t live up to our expectations. What can we do to make sure we hire people who are great for our team? What we should look for beyond hard skills when bringing someone new into our company? And how…

#42: What This Episode Is About Creating streams of passive income in real estate is about market knowledge and always seeking out new investment opportunities. How can we prepare ourselves for making our first purchase? What factors reduce the risks of losing money in real estate? Why is it important to set a goal and a…

#41: What This Episode Is About High taxes are one of the biggest enemies of enhanced savings and increased cash flow. Fortunately, there are many legal ways to decrease the amount of taxes you pay. Is a good CPA the answer to lower taxes? What’s the simplest way to increase your cash flow? In this episode,…

#40: What This Episode Is About Throughout our business growth, it’s important to evaluate when, and where, changes are needed. Regardless of your current level, everyone can benefit from coaching or mentoring to help you see the places where you can improve– especially when you may be blind to some of the problems! What are some…

#39: What This Episode Is About We all have hobbies. Hobbies can relax us, let us express our creativity, or help us release stress, but can they also bring in passive income? We’re exploring this topic with our guest, Jamey Reynolds. Jamey has challenged the conventional wisdom as it relates to hobbies, and he’s brought us…

#38: What This Episode Is About We’re very excited about the topic of this week’s podcast episode as it aligns perfectly with what we talk about every single day with our clients; growing and expanding your business and finances. If you’re not growing, you’re shrinking. The statement above, which we firmly believe in, can be applied…

#37: What This Episode Is About On this podcast, and in our business, we’re all about building value and this week’s guest is providing a ton of valuable information about digital marketing. “Digital marketing” is a term you’ve probably heard quite a bit over the past several years, but there’s still a lot of confusion around…

#36: What This Episode Is About If you cringed when you saw the word “networking” in the title for this week’s episode, you’re definitely not going to want to miss it. We get it. A few years ago, we were just like you. The idea of going to another networking event just to exchange business cards…

#35: What This Episode Is About This week’s guest, Andrew Lanoie, undoubtedly knows more celebrities than any other guest we’ve had on the show so far. As a former Hollywood talent agent, Andrew’s worked with artists like Peter Frampton, Styx, Dennis Miller, and Whoopi Goldberg … just to name a few. However, it’s what led Andrew…

#34: What This Episode Is About In Nelson Nash’s previous appearance on the podcast, he talked about the genesis of his Infinite Banking Concept. In this episode, Nelson is expanding on the concept of family banking. We’ve talked about this particular topic on the podcast before and we’re excited Nelson is here to break down exactly…

#33: What This Episode Is About With less and less companies offering pension plans, and the fact they’re not actually as great as they seem, what can you do to make sure you don’t run out of money during your retirement? Unfortunately, this is a very common occurrence and it’s entirely possible that it can happen…

#32: What This Episode Is About Unless this is your first introduction or us or the Wealth Without Wall Street podcast, you’ve heard us mention the Infinite Banking Concept and/or it’s creator, Nelson Nash. Well, we’re beyond excited to finally bring you the man himself in this week’s episode. Nelson’s Infinite Banking Concept literally changed our…

#31: What This Episode Is About Our guest this week is Mary Jo Irmen. She is the author of Farming Without The Bank and that’s exactly what we’re discussing today. If you’re a farmer or rancher, listen to this episode immediately. If you’re not either one of those things, you’ll still find some valuable information in…

#30: What This Episode Is About A few months ago we couldn’t even spell “crypto” and now we’re investing in crypto mining computers? Have we lost our minds?! We always say you should invest in what or who you know and, while we didn’t know anything about crypto mining, we did know the CEO of Divvy…

#29: What This Episode Is About There isn’t a week that goes by where someone doesn’t ask us about qualified plans and what they should be doing with them. Now, I’ll give Wall Street and the government credit; their marketing is spot on. “Qualified”sounds great, doesn’t it? You know what doesn’t sound great? Not having access…

#28: What This Episode Is About Dr. Paul Cleveland is an Economics professor and international speaker who’s here to really unpack the problems that are keeping people from financial freedom; including how the government is involved. Paul has been using the Infinite Banking Concept since the mid-90’s and is one of Nelson Nash’s original clients. One…

#27: What This Episode Is About It’s not exactly a stretch to say business owners dread writing that check to the IRS come tax season. It’s always a little painful and sometimes a little infuriating. However, as you know, we like to challenge the norm around here. So, today, we’re going to challenge you to stop…

#26: What This Episode Is About We’ve all been conditioned to feel compelled to pay off our debts as quickly as possible, but is that actually the right choice? In this episode, we’re discussing the hotly debated topic of whether we should use our cash to pay off debt or whether we should keep it available…

#25: What This Episode Is About We’ve got a new co-host! Ernie Brown joins the crew to lend his unique, wise, and humorous insights into today’s topic; using cash to take advantage of opportunities. The traditional Wall Street mindset is to keep your money locked up and let someone else utilize and control it. Of course,…

#24: What This Episode Is About We’ve all seen the devastating effects of a market crashing. It causes people lose their money, houses, jobs, and families. So, why do people still continue to invest in the stock market? People who sell stocks really do have it down to an art. They play on your emotions and…

#23: What This Episode Is About Ashley Kaple is a mother of three young children and the franchise owner of 13 McDonald’s locations with over 1,000 employees! In this episode, Ashley talks about how she was introduced to entrepreneurship by her parents at a very young age, the struggle of finding the balance between being a…

#22: What This Episode Is About Reaping the benefits of money that’s been working for you for 10-30 years is like being handed the keys to a business that’s been successful for the same amount of time. What entrepreneur doesn’t dream of that situation? While we’re not diving into how to take over a profitable company…

#21: What This Episode Is About Connor Boyack is the President of the Libertas Institute and The Association for Teaching Kids Economics. While those credentials alone are incredibly impressive, we’re not going to be talking about either one of those organizations today. In this episode, we’re talking with Connor about his widely successful series of children’s…

#20: What This Episode Is About In this week’s episode, we’re talking about our main takeaways from Weldon Long’s book, The Power of Consistency. Weldon is a high school dropout, father, three-time convicted criminal, and was featured in INC. Magazine as one of the fastest growing companies in America just three years after starting his business.…

#19: What This Episode Is About In this week’s episode, we’re not holding back when it comes to a very popular, and false, article from Dave Ramsey. We use cold hard math to illustrate exactly why Dave is wrong when he says cash value life insurance policies are a bad financial decision. To be clear, we…

#18: What This Episode Is About In this week’s episode, we’re fortunate to have CPA extraordinaire, Clay Hagler, on the show to help us make a little more sense of the recent tax reform; which is the largest one in decades. There’s a lot of confusing on it at the moment and Clay explains what deductions…

#17: What This Episode Is About Robert Murphy, PhD, is an Economist, a Research Assistant Professor at the Free Market Institute at Texas Tech University, the co-author of numerous books, and the host of two different podcasts. In this episode, we talk about whether or not the stock market is getting ready to crash, should we…

#16: What would it look like if you could both grow and maintain wealth within your family? Unfortunately, as we discussed in episode013 (listen here) Wall Street has separated us from our wealth and encourages us to take the easy way out by leaning on banks for lines of credit and loans. They have…

#15: What does BECOMING YOUR OWN BANKER even mean? Why would anyone need to be their own banker? The terms “infinite banking concept” and “becoming your own banker” are passed around often as it relates to financial planning. At its core, Infinite Banking revolves around properly structured whole life insurance policies and utilizing the…

#14: Often times we’re told, “you’re not a billionaire…why would you worry about building a legacy”? It’s not just about the money left behind. Legacies can be left on all levels and can be extremely simple (i.e. Brandon’s socks in today’s episode). As entrepreneurs, we want to be remembered, honored and respected. We…

#13: Which generation do you think can achieve financial freedom quickest? The Millennials? Gen X? Or Boomers? It comes with no surprise to know each generation has its own set of needs, wants and desires. Let’s list out a few of them for each generation. This will help you determine an opinion of your own on…

#12: Do you agree that sometimes the simplest way to learn things is to simplify them as best possible and begin understanding there? In 2016, we discovered a game that changed (really more confirmed) our perspective of financial coaching. It’s called The Cash Flow Game and it was created by real estate tycoon, Robert Kiyosaki.…

#11: In episode #09 of the podcast, we covered the monstrous benefits of compounding interest (you can tune in to the episode here). If you understand compounding interest you understand the importance of selecting how to fund lifes major purchases (like a home). There are many creative mortgage products out there… Fixed Rate vs. Adjustable Rate…

#10: Would you argue that paying cash for a car is better than taking out a car loan at 2.5%? Of, course you would! It makes sense. Plain and simple. No ifs, ands or buts about it. However, if you are a loyal Without Wall Street follower you know we are going to challenge…

#9: Unfortunately for those who are forced to pay out of pocket health insurance costs, premiums have soared since the Affordable Care Act was initiated. Obamacare has led to dramatic premium hikes over the last 5 years… A few 2017 city increase averages include: Birmingham, AL: 71% Nashville, TN: 49% Phoenix, AZ: 145% …

#8: Imagine it… A beautiful May morning. The sun is reflecting off the lake, onto the dock and into your window while its shadows dance on your vaulted ceiling walls which play stage to their performance. The dew is still on the grass and your 9am coffee just warm enough, but not too hot.…

#7: As a business owner, you want more than anything to be successful. You also understand that it would be impossible to reach true success without phenomenal employees. With that in mind, it is vital you have the capability to not only recruit, but also keep top talent. According to Bloomberg, 45% of businesses with fewer…

#6: Who is Santé Real Estate Investments? The Perpetual Passive Income Machine : A Proven 4 Step Process for Putting an Extra Paycheck in Your Pocket Every 30-Days. The title of the Founder and managing partner of Santé Real Estate Investment’s book embodies exactly what we are all about at Wealth Without Wall Street. SANTÉ Realty…

#5: How can you get started creating mailbox money? As in, what assets can you buy that spin off cash into your pocket each and every month without you having to work to produce it. That is called passive income and it is one part of the formula to financial freedom. The formula to…

#4: Many people see lending as a very scary or intimidating opportunity. However, lending is truly the one institution that will never go out of business. Everyone will always need cash. Hence the reason the nicest building in every town is owned by the bank. It doesn’t have to be scary or intimidating. Join Joey Muré,…

#3: The Emotion Alongside Wall Street: Why do people subject themselves to the ups & down’s & emotional drain that is Wall Street? It truly is emotionally draining. Don’t believe it? Wait until the market is up & everyone around you is preaching “Buy, Buy, Buy!” You may feel the pressure to buy only for the…

#2: Learn exactly what the “Wall Street mindset” is. The truth is, Wall Street needs you to live your financial life according to their rules. You won’t find the “Wall Street mindset” as a term in a Webster’s dictionary. Rather, it is a collection of idea’s that we as consumers have been told so many…

#1: The results of this show: This show truly is the culmination of all three of your hosts’ personal stories, wisdom, and experience in the discovery of building Wealth Without Wall Street. Are you ready to meet your hosts and primary financial educators, Russ Morgan, Joey Muré, and Will DeShazo? Today’s episode of…