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 | When Should I Include My Family in My Infinite Banking System?

Have you heard about the Infinite Banking System? Did you know that your whole life insurance can serve as a convenient way to fund major expenses without borrowing from a traditional bank? If you do, how are you sharing the knowledge with your family? When should you include them in your Infinite Banking System?  Tune in to this round table as the coaches provide insights on three things about the Infinite Banking System: What is Infinite Banking? When is the right time to start insurance ...

Apr 19, 202243 min

Build Your Business on Amazon with Bry Shields

Over the last couple of years, the e-commerce space has seen tremendous growth as more businesses shifted to setting up online stores. There are several platforms to choose from, but Amazon is probably the biggest. So what is it like working inside the Amazon space? What are the things you have to know to start your e-commerce business on Amazon? Today's guest can shed some light on your questions. Tune in to this episode as Russ and Joey interview a successful e-commerce business owner and memb...

Apr 14, 202241 min

Round Table | Do I Have to Pay My Premium Until I'm 100 Years Old?

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

Apr 12, 202241 min

Health Care Set Free with Anthony Hopp & Samaritan Ministries

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

Apr 07, 202252 min

Round Table | Crypto...Digital Gold?

Crypto is on fire, and the people who know what to do are accumulating HUGE fortunes! If you've been hiding under the rock or don't care about the crypto market, it's time to join the conversation. You need to know a few important things if you want to dip your hands in this so-called digital gold. You don't want to be left behind.  Tune in to this round table as the coaches provide insights about three things: How is crypto similar to gold? What are the opportunities that crypto provides? ...

Apr 05, 202239 min

Our Passive Income Report - February 2022

#235: How do you evaluate an investment opportunity? What % ROI would you say is a good investment for you? Investing in yourself is the best investment you can make. When you understand how things work, you will know that there are no bad investments, only bad investors. Now, let's listen to how Russ and Joey's investments and passive income fared in February and see if any investment opportunities resonate with you.   February 2022 Income At-A-Glance:   Gross Income for February...

Mar 31, 202244 min

Round Table | How Do I Pay My Premium AND a Loan Repayment?

The use of the Infinite Banking System provides creative options to make your money work for you. You enjoy access to cash anytime you need to fund a purchase. However, if you're new to Infinite Banking, you might be worried about simultaneously paying your premium and your loan. How can you manage? Today's conversation will give you some amazing insights.  Tune in to this round table as the coaches talk about three things: The different types of loan repayment. How to repay a loan for a ca...

Mar 29, 202241 min

RV Parks: The New Answer to Affordable Housing with Ian Burnstein

#234: Today's episode is exciting for Joey because it presents the future for Cousin Eddie. RV parks are among the highest-yielding of all real estate asset classes. If you enjoy spending time with people and the outdoors, investing in RV Parks is definitely worth it. Ian Burnstein is one person who can speak volumes about the beneficial aspects of investing in RV parks.  Ian is the co-founder and COO of Storage Pros Management (SPM). He is a former attorney turned real estate and self-stor...

Mar 24, 202242 min

Round Table | Inflation...What is it Good For?

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

Mar 22, 202246 min

How to Master the Crypto Market with Josh Rhodes

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

Mar 17, 202240 min

Round Table | Should I Liquidate My 401k and Put it into an IBC System?

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

Mar 15, 202245 min

Everything Is On Sale with Scott Todd

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

Mar 10, 202243 min

Round Table | Takeaways from IBC Think Tank

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

Mar 08, 202236 min

How to Build Passive Income While Making Music with Jordan Critz

#231: Are you satisfied with what you do to make money, or are you trapped in a soul-crushing career? Many entertain the idea of making money out of their passion. Some people have successfully transformed their hobby into a viable business venture, sometimes being called “passion-preneurs.”  Today's guest is someone who has made money with his music. But he didn't stop there. Instead, he searched for ways to replace that money with passive income streams to continue creating music out of p...

Mar 03, 202240 min

Round Table | Quarterly Coaches Update

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

Mar 01, 202242 min

Our Passive Income Report - January 2022

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

Feb 24, 202243 min

Round Table | What Can We Learn From Elon Musk?

Tesla, SpaceX, Paypal, Mars. What do they have in common? If you answered Elon Musk, you are absolutely right! This man is no doubt one of the greatest achievers in the world and there's no stopping him. He is a successful entrepreneur, inventor, and visionary due to diligence and traits that most of us may possess, but do not fully understand how to maximize.  In today's round table, the coaches will talk about three valuable lessons we can learn from Elon Musk. Why you need to prioritize ...

Feb 22, 202250 min

Secrets to Landing Premium Guests with Travis Chappell

#229: If you're interested in self-development, building a fantastic network, or crafting a life you desire, there’s definitely something for you to learn from today’s episode with Travis Chappell, founder, and CEO of Guestio and the host of the Build Your Network podcast.  Travis came from humble beginnings. Growing up in Lancaster, a small city in Southern California, his first job was door-to-door sales. In 2017, he launched a podcast about how to build better relationships. It was then ...

Feb 17, 202234 min

Round Table | Why Women Are Better Than Men At Implementing Infinite Banking

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

Feb 15, 202241 min

Becoming a Passive Income Attorney with Seth Bradley

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

Feb 10, 202233 min

Round Table | How to Decide Between Two Paths

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

Feb 08, 202239 min

25% Of The Way To Financial Freedom with Chris Vonderau

#227: Have you started your financial freedom journey? If you're not sure how to start or what tools you’ll need to get going, you've come to the right place! Wealth Without Wall Street has a community that can help you gain clarity and support.  Today's guest is Chris Vonderau, an active member of the community and the owner of Mary Lou's Team, RE/MAX Advantage , a real estate planning company based in Alabama. Chris will share how he discovered whole life insurance as a vehicle to finance...

Feb 03, 202233 min

Round Table | Common Mistakes Business Owners Make Financially

What does it take to become a business owner? Are you qualified to become one? Do thoughts like “I’m not smart enough” or “I don’t have a business degree” keep you from going for it? Well, guess what? There are less qualified people who have taken the step to build a business. They just learn as they go. Mistakes happen even to the most experienced business owners, so stop waiting and start that business! In today's conversation, the coaches will talk about the 3 different areas where common mis...

Feb 01, 202240 min

Our Passive Income Report - December 2021

#226: How would you summarize your 2021? Are you happy with what you have accomplished, or do you feel like a failure? Would you have done differently? These are just a few questions that might have come up as the year ended.  In today's episode, Russ and Joey take us through the highlights of their financial freedom journey and what plans they have for the future. As they share the lessons they have learned with each undertaking, they hope to inspire more people to take action and start th...

Jan 27, 202236 min

Round Table | Should I Pay Off Loans Before Starting My IBC Journey?

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

Jan 25, 202239 min

Supercharge Your Passive Income with Mark Podolsky

#225: Is 2022 going to be the year when you can finally quit your corporate job and live life according to your terms? Wherever you are in your financial freedom journey, this episode will inspire you to accelerate your financial goals. Tune in as Russ, Joey, and their good friend, The Land Geek Mark Podolsky, talk about supercharging your financial freedom goal. Mark is a former Investment banker living a crazy high-pressure lifestyle in Phoenix. Like many of his colleagues, he liked the idea o...

Jan 20, 202241 min

Round Table | What is Infinite Banking and Why is it Important in My Financial Freedom Journey?

What is Infinite Banking and how does it work? Will it work for me? What is the first thing I need to do? Why is it important on my journey to financial freedom?  Nelson Nash discovered the Infinite Banking Concept in the 1980s and he wrote about it in his book Becoming Your Own Banker . As Infinite Banking gains popularity in the financial world, many people still find it difficult to conceptualize. If you’re trying to understand if Infinite Banking is right for you, this episode will shed...

Jan 18, 202250 min

Bulletproof Your Assets with Scott Royal Smith

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

Jan 13, 202234 min

Round Table | A New Years Financial Guide of What to Focus on in 2022

There's a famous quote that says, “If you don't know where you are going, you'll end up someplace else.” As the new year begins, people start planning their goals for 2022. But not everyone will be where they want to be by year-end. It is easy to get distracted. So what can you do to stay focused?  In today's round table, the coaches talk about their GPS (Goal, Plan, Support) and how each step is important in helping you reach your financial freedom goals. If you're not sure about the thing...

Jan 11, 202234 min

Life is Finite and Money is Infinite with Chris Larsen

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

Jan 06, 202240 min