The Wealth Without Wall Street Podcast - podcast cover

The Wealth Without Wall Street Podcast

By Russ Morgan & Joey Muréwww.wealthwithoutwallstreet.com
Your go-to podcast for uncovering the dirty secrets behind Wall Street and how to take back control of your wealth. The Wall Street mindset separates both families & business owners from their money while the elite and unknown get to use it for their advantage. The secret to achieving this is having your money work for you, not someone else, when wealth building. You can get there through earning passive income. When you have more passive income than you do expenses, you have achieved financial freedom. On this podcast, we work tirelessly toward your financial freedom. We cover topics like the Infinite Banking Concept, multifamily real estate, private lending and a multitude of other cutting edge ideas. We host industry specific reputable guests and share personal stories to educate you on how to finally achieve financial freedom. For more education on how, check out wealthwithoutwallstreet.com

Episodes

Round Table | How to Make Money Through Private Lending: A Beginner’s Guide to Mailbox Money

What if you could become the bank and earn passive income with less risk? Private lending is one of the oldest wealth-building strategies, but most people either don’t understand it or think it’s too risky.  In today's discussion, the financial coaches explain how private lending works, why it aligns with the right Investor DNA, and how to protect your capital with collateral while earning strong returns. Get ready to hear real-world lending experiences, uncover common mistakes new lenders ...

Mar 11, 202534 min

The Biggest Tax Mistakes Costing Business Owners Thousands with Dr. Nate Salah

Are you paying more in taxes than you legally have to? Many entrepreneurs and investors leave thousands of dollars on the table simply because they don’t know how to leverage tax strategies effectively.  In this episode, Dr. Nate Salah, a tax expert with 30 years of experience, joins Russ and Joey to discuss the biggest mistakes people make and the simple ways to keep more of your money. From business deductions and the Augusta rule to setting up the proper business structure, Nate shares w...

Mar 06, 202541 min

Round Table | Dumb Mistakes People Make with Money (And How to Avoid Them)

What’s the most regrettable money mistake you’ve ever made? Whether it’s a bad investment, a financial scam, or simply not having a plan, we’ve all had moments we wish we could undo. But what if you could learn from the costly mistakes of others before they happen to you? In today's conversation, the financial coaches share their biggest financial blunders so you can avoid making the same ones. From bad investments and falling for scams to emotional decision-making and ignoring the investor mind...

Mar 04, 202541 min

How Our Kids Launched a Vending Machine Business (And What We Learned)

Have you ever wondered what it really takes to build passive income? In this episode, Russ and Joey pull back the curtain on their latest passive income report, breaking down real numbers, wins, and lessons learned from multiple income streams, including a new vending machine business, expanding Turo car rentals, and tough decisions in real estate investing. From teaching their daughters about entrepreneurship to deciding whether to sell a 23-year-old rental property, they cover the good, the ba...

Feb 27, 202539 min

Round Table | The Pros and Cons of E-Commerce: Is It the Ultimate Passive Income Strategy?

Have you ever dreamed of making money while you sleep? E-commerce investing promises financial freedom, but is it truly passive or just another job in disguise? In today's conversation, David Karcher and Ben Buzek join Russ and Joey to break down the pros and cons of launching and scaling an Amazon business and other e-commerce ventures. From drop shipping vs. private labeling to understanding your Investor DNA, they reveal what it actually takes to succeed in online selling. Whether you're cons...

Feb 25, 202531 min

Building the Golden Goose of Wealth with Justin Goodbread

Most 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...

Feb 20, 202534 min

Round Table | The 5 Biggest Myths About Infinite Banking Debunked

Is Infinite Banking only for the wealthy? Are the returns too low? If this strategy is so effective, why isn’t everyone using it? In this episode, the financial coaches debunk the top 5 myths surrounding Infinite Banking and reveal why it’s one of the most misunderstood wealth-building strategies. They break down why financial institutions and wealthy individuals quietly use this system while the general public remains unaware. If you’ve been hesitant about Infinite Banking, this episode will ch...

Feb 18, 202546 min

Exposing the Money Personas Keeping You Broke with Garrett Gunderson

Is 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...

Feb 13, 202533 min

Round Table | Land Flipping 101: How to Turn Raw Land into Passive Income Gold

Have you ever thought about making money from vacant land? Land investing is one of the most overlooked yet powerful ways to build passive income—without dealing with tenants, toilets, or property maintenance. In this episode, the financial coaches break down the pros and cons of land investing and how it compares to traditional real estate. From flipping undervalued land to using creative financing options, this episode dives deep into why land investing is helping more investors achieve financ...

Feb 11, 202533 min

Mastering Market Shifts: Insights for 2025 with J Scott

The real estate market is shifting, and those who adapt will find the best opportunities. In this episode, expert investor J Scott breaks down what 2025 has in store for multifamily investing, the impact of interest rates, and how to assess market trends for smart decision-making. Whether you're a seasoned investor or just getting started, J Scott shares the risk management strategies you need to navigate uncertainty and build lasting passive income. If you want to stay ahead of the market, this...

Feb 06, 202532 min

Round Table | Financial Freedom Cheat Code

Most 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 ra...

Feb 04, 202519 min

5 Years of Passive Income: Our Journey, Numbers, and Key Takeaways

Have 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 o...

Jan 30, 202531 min

Round Table | Turnkey Long-Term Rentals: The Simplest Path to Passive Income?

What’s the easiest way to generate consistent passive income? Long-term rentals might just be the answer. In this episode, the financial coaches dive into turnkey long-term rentals and explore why they’re the simplest path to financial freedom. From market strategies to scaling efficiently, you’ll learn how to make informed investment decisions that align with your goals. Whether you're a seasoned investor or a first-time buyer, this episode provides insights to help you confidently navigate the...

Jan 28, 202546 min

How to Avoid Costly Mistakes in Investing: Lessons from Losing $80M with Gavin J Gallagher

What 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 ...

Jan 23, 202529 min

Round Table | Is Short-Term Renting Worth It? Pros, Cons, and Strategies for Success in 2025

Is short-term renting still a smart investment in 2025? In this conversation, the financial coaches dive into the evolving world of short-term rentals. They break down the pros, cons, and actionable strategies to help you decide if this high-reward investment aligns with your goals. From maximizing cash flow to managing guest expectations and navigating local regulations, this episode covers everything you need to know before diving in. Whether you're self-managing properties or considering hand...

Jan 21, 202531 min

Uncover the Tool Transforming Leadership and Investments with Matt White

How 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 investo...

Jan 16, 202533 min

Round Table | Wally (our AI Bot)

Imagine having an AI-powered tool designed to simplify your journey to financial freedom. In today's conversation, the financial coaches introduce Wally, their AI bot, built to help listeners find answers to key financial questions and identify passive income opportunities. They discuss how Wally saves time, enhances decision-making, and serves as a starting point for creating a personalized wealth-building system. Listeners will gain insights into how AI is reshaping personal finance, learn abo...

Jan 14, 202528 min

Passive Income Ideas: Turning Empty Lots into Cash with Joseph Woodbury

Are you wondering how to turn an empty lot or unused garage into a consistent cash flow machine? In this episode, Joseph Woodbury, co-founder of Neighbor.com, shares how his platform enables everyday people to rent out underutilized spaces for passive income. From renting out driveway space for RVs to turning vacant lots into high-yield assets, Joseph reveals how Neighbor.com is transforming the storage industry. Curious about how much you could earn? Joseph discusses real-world examples of peop...

Jan 09, 202531 min

Round Table | The Debt Dilemma

Is debt holding you back or driving you forward? In this episode, the conversation focuses on one of the most debated topics in personal finance: debt.  The financial coaches explore the pros and cons of using debt as a financial tool. They discuss how to overcome limiting beliefs, manage debt strategically, and determine whether debt freedom equals financial freedom.  This episode will challenge your perspective on debt and help you rethink your financial strategy.  Top three thi...

Jan 07, 202539 min

Unlocking Tax-Exempt Apartment Investing with Mark Khuri

Imagine eliminating property taxes while maximizing cash flow. Sound too good to be true? In this episode, seasoned investor Mark Khuri reveals the game-changing strategy of tax-exempt apartment investing. Learn how public-private partnerships can create affordable housing while unlocking massive savings and solid investment returns. Mark shares the ins and outs of this innovative approach, breaking down how savvy investors are thriving despite rising rates and competitive deals. Ready to explor...

Jan 02, 202531 min

Round Table | Navigating the Cash Flow Quadrant

Are you stuck trading time for money, or are you leveraging people, systems, and investments to grow wealth? In this insightful episode, the financial coaches explore Robert Kiyosaki's Cash Flow Quadrant and break down the paths to financial freedom. Learn the pros and cons of each quadrant and uncover the strategies that can transition you from employee or self-employed to true business owner or investor. Discover how to shift your mindset, build wealth, and reclaim time by navigating the Cash ...

Dec 31, 202444 min

Listener Q & A: November 2024 Passive Income Report

What 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 mistake...

Dec 26, 202428 min

Round Table | Your Financial Festivus: Turning Grievances into Goals for 2025

Got financial grievances? Let’s turn them into goals! In this festive and transformative episode, the financial coaches draw inspiration from the "Festivus" tradition to help you reframe financial frustrations into actionable steps for a prosperous 2025. From reviewing past missteps to setting laser-focused goals, this conversation is packed with insights to ensure the next year becomes your best yet. It’s time to air your grievances and channel that energy into building wealth and freedom. Don’...

Dec 24, 202434 min

How to Launch Your Vending Business Step-by-Step with Michael Hoffmann

Have you ever considered investing in vending machines? Starting a vending business might be simpler than you think, but there’s more to it than meets the eye. In this episode, vending expert Michael Hoffmann returns to share his proven, step-by-step process to launch a profitable vending business. From selecting the right machines to finding prime locations and even involving your kids, Michael offers practical advice and tips to help you succeed. Whether you’re starting small or dreaming big, ...

Dec 19, 202432 min

Round Table | Fake Health, Fake Wealth

Are you ready to build a financially secure and physically vibrant life? In this episode, our financial coaches discuss actionable strategies for creating a plan that is definitely better than any traditional financial plan–it not only grows your wealth but also optimizes your health.  Learn how to take control of your future with a plan that balances prosperity and vitality. Dive into practical tips, proven routines, and the secrets to building habits that last.  Top three things you ...

Dec 17, 202446 min

Multifamily Real Estate Made Simple: Lessons from Ken Gee’s 25-Year Journey

Would you charge $25,000 on a credit card to renovate a property? How much profit can you earn from making such a bold move?  In this episode, you'll discover the transformative journey of Ken Gee, a multifamily real estate expert with 25 years of experience. From his beginnings as a CPA at Deloitte to building a multimillion-dollar real estate portfolio, Ken shares hard-earned lessons, strategies, and insights to help you succeed in multifamily investing. Whether you're just starting out o...

Dec 12, 202435 min

Round Table | Raising Money for Deals: How to Do It, What We've Learned

Are you ready to level up your investing game? Raising money for deals is an essential skill that separates small-time investors from the big leagues. In today's conversation, the financial coaches share personal lessons and strategies for securing capital for investment opportunities. From practical advice on building trust to understanding the legalities of raising funds, they’ll guide you through the essentials of responsible capital raising. Learn how to avoid costly mistakes and discover ne...

Dec 10, 202445 min

Private Lending Secrets: Avoid These Costly Mistakes with Liam Leonard

If 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 ...

Dec 05, 202437 min

Round Table | Breaking Down the Passive Income Operating System (PIOS)

Do you want to know the system behind consistent passive income growth? Discover how to organize, automate, and optimize your way to financial freedom. In today's conversation, the financial coaches break down their proven passive income operating system—a step-by-step approach to transforming active income into true financial freedom. They reveal how automating your cash flows, organizing finances like a business, and leveraging whole life insurance for cash storage can make your money work har...

Dec 03, 202440 min

Passive Income Playbook: October 2024 PI Report

Do 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 in...

Nov 28, 202429 min