Shows
The Wealth Without Wall Street Podcast4 Passive Income Lessons We Learned Making $500,000 Last YearWhat does it take to create consistent passive income that supports your dream life? In this episode, Russ and Joey break down the four critical lessons they learned from earning $500,000 in passive income over the last year. They discuss the best and worst investment decisions they made in 2025, how they optimized their strategies to maximize cash flow, and common mistakes to avoid on the path to financial freedom.As you listen, you will gain insight into the importance of strategically planning passive income sources and how to leverage investment vehicles such as real estate...
2026-02-0533 minThe Wealth Without Wall Street PodcastStop Buying the Wrong Business: How to Avoid Franchise Nightmares with Cliff NonnenmacherMany aspiring business owners believe buying a franchise is a shortcut to success, but Cliff Nonnenmacher explains why that assumption leads to costly mistakes. In this episode, Cliff joins Russ and Joey to share his journey from Wall Street investment banking to building, scaling, and exiting multiple franchise businesses.Drawing from decades of experience, Cliff explains why most people fail in franchising, not because the model is broken, but because they skip proper valuation, due diligence, and execution. He breaks down why buying at the right price matters more than brand recognition, how a...
2026-01-2233 minThe Wealth Without Wall Street PodcastWe Make $50,000/Month in Passive Income… But Totally Disagree on How To Do ItWe all want to achieve financial freedom, but there's no single path to getting there. What is the right way to go?In this episode, Russ and Joey have a heated debate about the best way to create passive income and achieve financial freedom. Though the duo has reached $50,000 per month in passive income, they completely disagree on how to do it. Russ advocates for investing in deals with long-term equity returns that may take years to pay off, while Joey emphasizes the importance of consistent monthly cash flow to cover expenses now.
2025-12-0444 minThe Wealth Without Wall Street PodcastThe IUL Illusion: What Kyle Busch’s $8.5M Loss Teaches About Real Financial FreedomDo you want to learn how to build a financial system that generates passive income without relying on Wall Street?In this episode, Russ and Joey share their monthly passive income report, revealing the strategies they use to generate consistent, reliable cash flow without relying on traditional financial systems. They also share actionable steps on how to replicate their success. The duo goes on to discuss the crucial lessons from Kyle Busch’s $8.5 million loss, exploring how it highlights the distinction between perceived financial success and real financial freedom. Tun...
2025-11-0630 minThe Wealth Without Wall Street PodcastRound Table | How to Make an Extra $100K in 6 Months If Your Life Depended on It (with Less Than $5K and 10 Hours/Week)Could you turn $5,000 into $100,000 in just six months, working less than 10 hours a week? In this episode, Russ and Joey invite Mark Podolsky and Sharran Srivatsaa to break down the exact strategies that can make this a reality.Russ shares how he leverages a lake house to create tax-free income through short-term rental events for entrepreneurs. Mark walks through how he would flip cheap land, using a strategic approach to buy and sell properties, while creating passive income. Joey introduces the Infinite Banking Strategy as a source of capital t...
2025-07-2248 minThe Wealth Without Wall Street PodcastBuilding the Golden Goose of Wealth with Justin GoodbreadMost business owners dream of financial freedom, but are they building a business they can actually sell? In this episode, Justin Goodbread joins Russ and Joey to discuss what it takes to scale a business, create passive income, and plan a profitable exit strategy. Justin explains how to transform your business into a sellable asset, avoid the most common mistakes entrepreneurs make, and ensure you build wealth beyond your business.Whether you're a current business owner or looking to buy and grow a business, today's conversation will provide game-changing i...
2025-02-2034 minThe Wealth Without Wall Street PodcastExposing the Money Personas Keeping You Broke with Garrett GundersonIs your money mindset holding you back? In this thought-provoking episode, Garrett Gunderson joins Russ and Joey to discuss the psychology of wealth. Learn how to recognize your money persona, shift from scarcity to abundance, and align your Investor DNA with opportunities that truly fit you. Garrett reveals the hidden habits keeping people stuck and shares a powerful framework for achieving financial freedom through passive income. If you’re ready to break free from limiting beliefs and start making money work for you, this episode is a must-listen!
2025-02-1333 minThe Wealth Without Wall Street PodcastRound Table | Financial Freedom Cheat CodeMost people are stuck in the rat race, working harder but never feeling financially free. What if there was a cheat code to break out? In this episode, Russ and Joey reveal the Financial Cheat Code, a proven system that transforms active income into lasting wealth. Learn how to move from financial stress to financial freedom by rewiring your money habits and leveraging the Passive Income Operating System (PIOS).Tune in to discover the hidden cash flow killers keeping you trapped in the rat race and the steps to b...
2025-02-0419 minThe Wealth Without Wall Street Podcast5 Years of Passive Income: Our Journey, Numbers, and Key TakeawaysHave you ever wondered what creating over $50,000 a month in passive income really takes? Russ and Joey pull back the curtain on their five-year wealth-building journey in this milestone episode. From their biggest wins to hard-learned lessons, this December 2024 passive income report is packed with insights, numbers, and strategies to achieve your financial goals. Learn how understanding your investment style can align opportunities with your goals and risk tolerance. Hear the breakdown of land flipping, private loans, and surprising lessons from ventures like RV rentals and Bitcoin mining. You'll also discover why thinking like a...
2025-01-3031 minThe Wealth Without Wall Street PodcastHow to Avoid Costly Mistakes in Investing: Lessons from Losing $80M with Gavin J GallagherWhat if your biggest financial loss could become your greatest teacher? In this episode, Russ and Joey sit down with Gavin J. Gallagher, who candidly shares the lessons he learned from losing $80 million during the global financial crisis. Gavin reveals how unchecked ego, cognitive bias, and market volatility led to his downfall and explains the mindset shifts and strategies that helped him rebuild.Through this riveting discussion, you’ll discover the dangers of over-leveraging, the importance of due diligence, and why humility is crucial in navigating investments. Gavin’s journey is a powerful reminder that...
2025-01-2329 minThe Wealth Without Wall Street PodcastUncover the Tool Transforming Leadership and Investments with Matt WhiteHow do you make business and investing decisions? Do you rely on intuition or data? What if there was a tool that could revolutionize how you lead your team and grow your wealth? In this episode, Russ and Joey sit with Matt White, Culture Index Licensee, to explore a game-changing approach to leadership and investments. From aligning the right people with the right roles to evaluating investment operators, this conversation is packed with actionable insights for business owners and investors alike.You’ll learn why understanding human analytics is key...
2025-01-1632 minThe Wealth Without Wall Street PodcastListener Q & A: November 2024 Passive Income ReportWhat worked, what didn’t, and what’s next? In this month’s passive income report, Russ and Joey answer listener questions and give you an inside look at their financial wins, lessons learned, and plans for the future. From land investing to new income streams like vending and Turo, they share practical advice you can use to build your own path to financial freedom.Are you ready to build your passive income? Discover how to create a financial plan that works for you while avoiding common mistakes investors make.Top...
2024-12-2628 minThe Wealth Without Wall Street PodcastPrivate Lending Secrets: Avoid These Costly Mistakes with Liam LeonardIf you think private lending is a shortcut to wealth, think again. In this eye-opening episode, Russ and Joey are joined by Liam Leonard, a seasoned investor, who shares his hard-learned lessons from navigating the complexities of private lending. From disastrous deals with unexpected pitfalls to redefining his investment strategy, Liam's candid stories are packed with wisdom.Whether you're a seasoned lender or just considering private lending, this episode is a goldmine of practical advice to help you avoid costly mistakes. Don’t miss these valuable insights—listen now and learn how to lend smarter, not harder!
2024-12-0536 minThe Wealth Without Wall Street PodcastPassive Income Playbook: October 2024 PI ReportDo you want to know what drives consistent passive income growth—even when challenges arise?In this episode, Russ and Joey pull back the curtain on their latest passive income ventures, sharing how much they earned last month. They discuss their biggest win, the lessons learned from challenges faced, and the adjustments they're making for even greater success. Whether you're curious about real estate, online businesses, or other income-generating opportunities, this episode provides insights into what’s working and why. Tune in to uncover strategies, lessons, and the next step...
2024-11-2829 minThe Wealth Without Wall Street PodcastRound Table | Investment Speed Dating (Quick Insights on Lots of Different Assets)Have you ever wondered which investment suits your goals best? Tune in to explore a variety of paths to financial freedom—quickly and effectively!In today's conversation, the financial coaches bring a fresh perspective to investment strategies with a speed-dating-style exploration of diverse opportunities. From short-term rentals to crypto, Russ, Joey, Eric, and Mark break down the pros, cons, and risks of each option, giving you the insights you need to make informed decisions. Whether you're curious about private lending, intrigued by land investments, or considering building an income-generating co...
2024-11-2638 minThe Wealth Without Wall Street PodcastDoing 7-Figure Land Flipping Deals After Starting Just 4 Years Ago with Callan FaulknerAre you curious about the future of real estate investing? Get ready to learn how to leverage innovative strategies to maximize profit and efficiency. In this episode, Russ and Joey sit down with Callan Faulkner, a highly profitable land investor who uses cutting-edge AI tools to transform her business. From understanding land subdivisions to learning the power of conversational AI, listeners get a glimpse into strategies that are reshaping the real estate investing world. The conversation explores how AI boosts lead generation, streamlines operations, and enhances productivity with tools like ChatGPT.
2024-11-2140 minThe Wealth Without Wall Street PodcastRound Table | Why We Love a 401k (And You Should Too): ReactionDo you believe a 401(k) is the best way to build wealth? What if someone tells you that there are smarter paths to financial freedom?In today's conversation, Russ Morgan, Ben Buzek, and Jonathan Day dive into a lively reaction to The Money Guy show, a popular YouTube channel known for financial advice on building wealth through qualified plans like 401(k)s and IRAs. While The Money Guy hosts advocate for traditional retirement plans, Russ, Ben, and Jonathan challenge these points with their unique perspective, explaining why they believe qualified plans may not be...
2024-11-1246 minThe Wealth Without Wall Street PodcastFast Track Your First Self-Storage Deal: Consulting Secrets with Joe DownsAre you curious about self-storage investing? Discover how this often-overlooked asset can generate steady cash flow with the right approach.In this episode, Joe Downs joins Russ and Joey to shed light on how to make this lucrative venture work for you. They explore what it takes to evaluate, acquire, and manage a profitable self-storage facility, covering essential strategies that help investors thrive in any market. Listeners will learn how technology has modernized storage management, especially after the pandemic, and why having a consultant or mentor can make all the difference for new investors.
2024-11-0734 minThe Wealth Without Wall Street PodcastHow We Build Passive Income in Any CycleDo you want to know how to earn over $54K in passive income even during unpredictable market cycles? Russ and Joey reveal their investment strategies that work in any economy. In this episode, they break down how they earned $54,610 in passive income for September, showing that consistent earnings are possible in any market cycle. They dive into the investment ventures driving their success, from car sharing to real estate and other opportunities, explaining why these strategies work and what investors should watch out for. Whether the market is booming o...
2024-10-3138 minThe Wealth Without Wall Street PodcastFIRE Movement: Running into Burning Houses and Turning Them into Cash Flow with Ian HorowitzHave you ever wondered how a firefighter goes from running into burning houses to building a cash-flowing real estate portfolio? In this episode, Russ and Joey sit down with Ian Horowitz, a former firefighter turned real estate investor, to uncover his journey from house flipping to financial freedom. Ian shares what first drew him into the real estate world, the key moments that shifted his career path, and how cash flow became the cornerstone of his strategy. You'll hear about valuable lessons he’s learned along the way, including overcoming major hurdles and what he...
2024-10-2436 minThe Wealth Without Wall Street PodcastTeenagers Flipping Houses with Bill AllenWant to teach your kids the secrets of building wealth early? Today's guest explains how teenagers are flipping houses and mastering real estate, giving parents a powerful blueprint for raising financially savvy kids.In this episode, Russ and Joey sit down with Bill Allen of 7 Figure Flipping to dive into his unique approach to investing. While Bill shares insights on his ventures, like investing in a farm and events space, the spotlight is on his new TV show, Kids Who Flip. Bill reveals how he’s mentoring the next generation of real estate tycoons, te...
2024-10-1731 minThe Wealth Without Wall Street PodcastLease Purchase Real Estate Deals for Investors with Jim ManningAre you seeking a strategy that boosts cash flow and attracts more buyers? Discover how lease purchase deals can transform your real estate portfolio and increase profits. In this episode, Russ and Joey dive deep into the world of lease purchase real estate deals with expert investor Jim Manning. If you're looking for new ways to maximize your cash flow and attract more buyers, lease purchases could be the game-changer you’ve been missing. Jim reveals why savvy investors are tapping into this strategy to turn renters into future homeowners, all while minimizing risk and...
2024-10-0337 minThe Wealth Without Wall Street PodcastHow We Made $36k Last Month Using the Infinite Banking Concept (IBC)Why grind for a high salary when you can build passive income streams that pay you every month without sacrificing your time and freedom? In this episode, Russ and Joey reveal how they made $36k last month using the Infinite Banking Concept (IBC). They explain the passive income architecture they've built to make their money work harder for them through multiple passive income streams. From real estate to vending machines and other ventures, they break down exactly how much they made from each investment and the challenges they faced along the way.
2024-09-2625 minThe Wealth Without Wall Street PodcastHow to Invest in 2024 (Like a Billionaire) with Ben FraserHave you ever wondered how billionaires are investing to grow their wealth in 2024? In this episode, Russ and Joey are joined by Ben Fraser of Aspen Funds to explore the world of alternative investments and the strategies that the ultra-wealthy use to stay ahead. From little-known opportunities to smart, risk-adjusted moves, this conversation will open your eyes to how the wealthy think and invest differently. If you want to elevate your financial game and tap into strategies beyond the traditional, today's episode is packed with insights that could transform your approach.
2024-09-1936 minThe Wealth Without Wall Street PodcastI'm Tired of Being a Landlord, Now What? with Eddie SpeedDo 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...
2024-09-1239 minThe Wealth Without Wall Street PodcastFire Yourself Today! with Bronson HillAre 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...
2024-09-0532 minThe Wealth Without Wall Street PodcastHow Do You Find the Operator for Your Passive Income Business?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...
2024-08-2933 minThe Wealth Without Wall Street PodcastKey Takeaways from Inner Circle Live (Nashville)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...
2024-08-2232 minThe Wealth Without Wall Street PodcastThe P&L Playbook for Investors with Khristine ValdezAre 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...
2024-08-1516 minThe Wealth Without Wall Street PodcastTop House Flipping Mistakes: How to Make Money Doing It in 2024 with Ryan DosseyAre 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...
2024-08-0839 minThe Wealth Without Wall Street PodcastThe Long Road to 100k in Passive IncomeDo 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...
2024-07-2527 minThe Wealth Without Wall Street PodcastHow Do Cyber Attacks Affect Your Financial Freedom? with Kevin DonahueAre 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...
2024-07-1838 minThe Wealth Without Wall Street PodcastWhat is Network Marketing and How Does it Work to Build Passive Income? with Brian CarruthersDiscover 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...
2024-07-1143 minThe Wealth Without Wall Street PodcastBenefits of International Real Estate Ownership with Martin PappAre 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...
2024-07-0433 minThe Wealth Without Wall Street PodcastHow Do I Make Passive Income?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...
2024-06-2732 minThe Wealth Without Wall Street PodcastHow to Start a Vending Machine Business, Cost, Tips, How Much You Make with Michael HoffmannDid 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: ...
2024-06-2035 minThe Wealth Without Wall Street PodcastRound Table | How to Create a Family Bank Using The Infinite Banking ConceptAre 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...
2024-06-1854 minThe Wealth Without Wall Street PodcastRound Table | Want to Be Rich? Don't Start A BusinessAre 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. ...
2024-06-1144 minThe Wealth Without Wall Street PodcastRound Table | How to Scale Your BusinessAre 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. ...
2024-06-0439 minThe Wealth Without Wall Street PodcastInvesting for Passive Income: Small vs. Big DealsIf 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...
2024-05-3043 minThe Wealth Without Wall Street PodcastRound Table | How to Pay Less Taxes to the IRS: Case StudiesTaxes 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...
2024-05-2845 minThe Wealth Without Wall Street PodcastPrivate Money for Land Flipping with Quinn McArthur and Eric ScharagaFlipping 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...
2024-05-2328 minThe Wealth Without Wall Street PodcastRound Table | We Read 40 Books on Money. Here's What Will Make You RichManaging 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
2024-05-2146 minThe Wealth Without Wall Street PodcastRound Table | Cash Is King: Why I Keep So Much CashHaving 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...
2024-05-1446 minThe Wealth Without Wall Street PodcastMy Most Profitable Car on Turo😳 (Turo Host) #sidehustle with Aubrey JanikYour 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...
2024-05-0937 minThe Wealth Without Wall Street PodcastRound Table | This is Why Business Owners Use Whole Life Insurance - IBCMany 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...
2024-05-0748 minThe Wealth Without Wall Street PodcastInvesting In Student Rental Properties: Fast Track to Financial Freedom with Ryan ChawIf 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...
2024-05-0229 minThe Wealth Without Wall Street PodcastRound Table | How Do I Start IBC?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 y...
2024-04-3048 minThe Wealth Without Wall Street PodcastPassive Income: What's Working, What's NotIf 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...
2024-04-2535 minThe Wealth Without Wall Street PodcastBefore You Stress About Money, Tune In with Justin RoethlingshoeferBuilding 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...
2024-04-1839 minThe Wealth Without Wall Street PodcastRound Table | This is How to Make Passive Income in 2024You’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...
2024-04-1636 minThe Wealth Without Wall Street PodcastInvesting in Mortgage Notes: Step by Step to Passive Income with Robert HythaMortgage 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...
2024-04-1139 minThe Wealth Without Wall Street PodcastRound Table | 8 Money Habits Keeping You Broke / PoorSome 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 -Pu...
2024-04-0929 minThe Wealth Without Wall Street PodcastDo I Really Need to Invest in the Stock Market? with Garrett GundersonDo 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.
2024-04-0430 minThe Wealth Without Wall Street PodcastRound Table | Why Should You Become An Accredited Investor?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...
2024-04-0234 minThe Wealth Without Wall Street PodcastPassive Income: How We Started, How It's GoingAre 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...
2024-03-2847 minThe Wealth Without Wall Street PodcastRound Table | The 5 Biggest Tax Mistakes Business Owners MakeWhether 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...
2024-03-2646 minThe Wealth Without Wall Street PodcastLeasing Land for Solar: How Much Money Can You Make Per Acre? with Dakota MaloneDo 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.
2024-03-2131 minThe Wealth Without Wall Street PodcastRound Table | How Not to Invest in 2024When 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...
2024-03-1931 minThe Wealth Without Wall Street PodcastCreative Finance 101: How to Get Started with Chris PrefontaineReal 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...
2024-03-1433 minThe Wealth Without Wall Street PodcastRound Table | Should You Invest or Pay off Debt?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...
2024-03-1246 minThe Wealth Without Wall Street Podcast3 Steps to Hiring a Virtual Assistant That Helps You Grow and Saves You Time with Laith MasarwehAre 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...
2024-03-0733 minThe Wealth Without Wall Street PodcastRound Table | How To Invest For Beginners: Passive Income EditionGetting 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...
2024-03-0534 minThe Wealth Without Wall Street Podcast14 Passive Income Ideas: How We Made $34k in a MonthHow 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...
2024-02-2928 minThe Wealth Without Wall Street PodcastRound Table | Investing in Your KidsParents, 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...
2024-02-2738 minThe Wealth Without Wall Street PodcastRound Table | Is a 401(k) Really a Good Retirement Plan?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:-Why qualified plans are...
2024-02-2036 minThe Wealth Without Wall Street PodcastRound Table | The Infinite Banking Concept Explained and How to Get StartedYou'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:-What is Infinite Banking?-Why would someone want to do Infinite Banking?-Why is I...
2024-02-1343 minThe Wealth Without Wall Street PodcastRound Table | How to Start an Airbnb Business in 2024Are 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...
2024-02-0644 minThe Wealth Without Wall Street PodcastRound Table | IBC Users Guide for Lines of CreditTaking 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.
2024-01-3041 minThe Wealth Without Wall Street PodcastHow We Made $2M+ in Passive IncomeIt 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: Bef...
2024-01-2538 minThe Wealth Without Wall Street PodcastRound Table | Inner Circle Live Birmingham TakeawaysThese 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...
2024-01-2335 minThe Wealth Without Wall Street PodcastAre You an Investor or an Entrepreneur? with Buck JoffreyAre 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...
2024-01-1840 minThe Wealth Without Wall Street PodcastBYOB Book Review Part 16 | The Value of Going to CollegeWhy 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 par...
2023-09-0543 minThe Wealth Without Wall Street PodcastWhat Passive Incomes Will Work in the Upcoming Crash?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: The five things needed to do a dealWhat Russ and Joey have tried and learned so...
2023-08-3153 minThe Wealth Without Wall Street PodcastBYOB Book Review Part 12 | How Do I Get Started With The Infinite Banking Concept?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.
2023-08-0844 minThe Wealth Without Wall Street PodcastBYOB Book Review Part 11 | The Entrepreneur Gets a Lesson in Finance by Nelson NashWhere 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.”
2023-08-0136 minThe Wealth Without Wall Street PodcastOur June 2023 Passive Income ReportIt'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: What is passive to you may be active to someone elseTwo ways to create passive income from one asset Dont forget: The devil is in the detailsAfter listening to this episode, please think about this: Can you take and apply wha...
2023-07-2745 minThe Wealth Without Wall Street PodcastBYOB Book Review Part 9 | The Infinite Banking Concept (IBC) ExplainedIf 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...
2023-07-1851 minThe Wealth Without Wall Street PodcastBYOB Book Review Part 8 | The Entity in Becoming Your Own Banker by Nelson NashIf 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, R...
2023-07-1151 minThe Wealth Without Wall Street PodcastBYOB Book Review Part 7 | Human Problems in Becoming Your Own Banker by Nelson NashA 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 und...
2023-07-0447 minThe Wealth Without Wall Street PodcastBYOB Book Review Part 6 | Creating Your Own Banking System Through Life InsuranceBecoming 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 u...
2023-06-2737 minThe Wealth Without Wall Street PodcastHow to Write Your Own Financial Freedom Story with John FeldmanDid 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...
2023-03-1635 minThe Wealth Without Wall Street PodcastHow to Turn Active Income into Passive Income Using the Passive Income Operating System with Joey Mure and Russ MorganBecoming 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...
2023-03-0948 minThe Wealth Without Wall Street PodcastThings I Wish I Knew About The Short Term Rental Business with Clint LovetteAre 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 p...
2022-12-0133 minThe Wealth Without Wall Street PodcastThe Billion Dollar Round Table | Takeaways from the Passive Income Mastermind RetreatHave 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 b...
2022-11-0351 minThe Wealth Without Wall Street PodcastOur Passive Income Report - September 2022The 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...
2022-10-2732 minThe Wealth Without Wall Street PodcastRound Table | How to Invest in Deals Without Writing a CheckDid 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. Other People's MoneyCreative FinancingExpertise/ Sweat Equity/ I...
2022-10-0440 minThe Wealth Without Wall Street PodcastThe ABCs of Land Flipping with Mark PodolskyDid 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 f...
2022-09-2239 minThe Wealth Without Wall Street PodcastRound Table | Rich Dad Poor Dad For Teens Part Three“The people you spend your time with are your future.” That’s one of the takeaways from Robert Kiyosaki’s book. Today Russ and Joey have their teen daughters back on the show to conclude the review of Rich Dad Poor Dad for Teens. Part 3 is all about “Creating Your Own Cash Flow,” which includes money-making opportunities for teens, managing assets using piggy banks, good and bad debts, and having a financial head start. Overall, the book provides valuable financial lessons for young people, which will be very useful as they graduate from college, and go out in...
2021-08-3145 minThe Wealth Without Wall Street PodcastThe Value of Mentors with Gabrielle and Thomas Caucutt#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...
2021-07-0135 minThe Wealth Without Wall Street PodcastThe 401k Lake House Part Two#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...
2021-04-1526 minThe Wealth Without Wall Street PodcastRich Dad Poor Dad for Teens Part Two#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...
2021-03-0448 minThe Wealth Without Wall Street PodcastOur Passive Income Report - December 2020#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...
2021-01-2833 minThe Wealth Without Wall Street PodcastOur Passive Income Report - November 2020#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 MorganAs 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 p...
2020-12-3135 minThe Wealth Without Wall Street PodcastIBC Round Table - Exiting the 401k CasinoWelcome 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 exi...
2020-07-0731 minThe Wealth Without Wall Street PodcastHow to Be A Good Steward of Your Money#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 begi...
2020-06-1135 minThe Wealth Without Wall Street PodcastHow do I get Started with the Infinite Banking Concept? - Book Review Part 12#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 a...
2020-06-0442 minThe Wealth Without Wall Street PodcastThe Entrepreneur Gets a Lesson in Finance by Nelson Nash | BYOB Book Review #11#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 ta...
2020-05-0736 minThe Wealth Without Wall Street PodcastCan I put all of my income into an Infinite Banking Policy? Book Review Part 10#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 th...
2020-04-3041 min
The Wealth Without Wall Street PodcastThe Infinite Banking Concept (IBC) Explained in “Becoming Your Own Banker” by Nelson Nash: Book Review Part 9#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.
2019-12-0549 min