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 t...
Apr 30, 2024•48 min
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 from inve...
Apr 25, 2024•35 min
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 ...
Apr 23, 2024•40 min
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 ...
Apr 18, 2024•40 min
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 to...
Apr 16, 2024•37 min
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 m...
Apr 11, 2024•40 min
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 fl...
Apr 09, 2024•30 min
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 ...
Apr 04, 2024•30 min
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 coa...
Apr 02, 2024•35 min
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 t...
Mar 28, 2024•48 min
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 t...
Mar 26, 2024•47 min
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 the...
Mar 21, 2024•31 min
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 opportun...
Mar 19, 2024•31 min
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...
Mar 14, 2024•33 min
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 fol...
Mar 12, 2024•46 min
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...
Mar 07, 2024•33 min
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 point...
Mar 05, 2024•34 min
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 id...
Feb 29, 2024•28 min
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 ...
Feb 27, 2024•39 min
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 wil...
Feb 22, 2024•33 min
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 financ...
Feb 20, 2024•37 min
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: How to buy right How t...
Feb 15, 2024•35 min
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: What is Infinite Banking? Why would someone want to d...
Feb 13, 2024•44 min
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,...
Feb 08, 2024•37 min
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...
Feb 06, 2024•45 min
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 and make your...
Feb 01, 2024•45 min
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 l...
Jan 30, 2024•41 min
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 o...
Jan 25, 2024•38 min
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 wha...
Jan 23, 2024•35 min
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 ...
Jan 18, 2024•41 min
