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

How To Win in the Passive Income Game as a Group with Jonathan Day, Matthew Hammond, & Brent Noblitt

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

Nov 17, 202254 min

Round Table | Reasons Not To Implement IBC Debunked

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

Nov 15, 202249 min

The Greatest Lesson Learned from Top Entrepreneurs with Jim Sheils

As you try your best to provide for your family or build your business, you tend to spend too much time away from them, and before you know it, your kids have all grown up, and you barely know them. So how would you like to give your family the same focused energy and attention as you do with your business? Today's guest lays the foundation for building lasting relationships with your spouse and children.  Jim Sheils says you only have 18 summers with your children, so make them count! Disc...

Nov 10, 202241 min

Round Table | Building Your Investor Buy Box

What do you have in your buy box? Paying attention to building your Investor Buy Box gives you the clarity to decide what factors are important to your overall financial strategy. Having your buy box criteria helps you efficiently filter a vast array of investment opportunities specific to your Investor DNA and the most desirable asset class for you. So have you built your buy box?  Tune in to this conversation with Russ, Joey, and the Financial Freedom Coaches as they talk about the benefi...

Nov 08, 202239 min

The Billion Dollar Round Table | Takeaways from the Passive Income Mastermind Retreat

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

Nov 03, 202251 min

Round Table | The 10-Year Accelerator Question

Time is a limited resource, and it goes by so quickly. So how does the knowledge of having very little time per day influence the way you make life-altering decisions? Would you have made very different decisions ten years ago versus ten years into the future? Why or why not? Tune in to this conversation with Russ, Joey, and the Financial Freedom Coaches as they talk about how the 10-year accelerator question could shift your decision on the following: Financial decisions Health decisions Family...

Nov 01, 202250 min

Our Passive Income Report - September 2022

The September Passive Income Report contains so many lessons. As always, you can find inspiration in the things Russ and Joey are doing, or you can explore your own ideas. What works for them may not exactly work for you, but there are people in the Wealth Without Wall Street Community who are always ready to provide guidance, and there are courses you can take. For September, a large chunk of Russ and Joey's income came from their land and short-term rental businesses. Unfortunately, they had a...

Oct 27, 202232 min

Round Table | I Feel Behind Financially, What Do I Do?

Many feel that, no matter how much money they make in their active income, they are still behind financially. If you think you're in the same situation, this episode is for you. So listen up and take the opportunity to gain clarity and discover ways you can get ahead in your financial freedom journey.  Tune in to this conversation with Russ and the Financial Freedom Coaches as they talk about the following: What is the problem? What things have you tried? Did they work or not? What is the s...

Oct 25, 202245 min

What To Do If You Want All Of Your Stuff Lost In A Lawsuit with Garrett Sutton

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

Oct 20, 202232 min

Round Table | What Would it Take to Create A Joint Venture?

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

Oct 18, 202238 min

How to Get a Million Dollar Portfolio of Property in 12 Months with 25k With Niti Jamdar & Palak Shah

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

Oct 13, 202240 min

Round Table | Questions from the Community

The best thing about being in the right community is getting support and guidance from like-minded people. In today's round table, Russ, Joey, and the Financial Freedom Coaches gather to answer questions from the community. The questions revolve around Infinite Banking, passive income, creative options, etc. Tune in to hear reliable information from these experts who have been implementing what they teach.  If you want better control of your future, join the Wealth Without Wall Street Commu...

Oct 11, 202250 min

Is the Short-Term Rental Business Dead? with Kyle Stanley

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

Oct 06, 202242 min

Round Table | How to Invest in Deals Without Writing a Check

Did you know that the biggest challenge to financial freedom is the lack of access to cash? But who said you need to use your own money to start making deals and building wealth? Russ even says that writing a check is the worst way to make a deal. In today's round table, Russ, Joey, and the Financial Freedom Coaches discuss three ways to invest in deals without writing a check. So get ready to learn how to leverage the following resources to participate in investment opportunities.  Other P...

Oct 04, 202240 min

Our Passive Income Report - August 2022

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

Sep 29, 202236 min

Round Table | Paying the Penalty with My IRA

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

Sep 27, 202250 min

The ABCs of Land Flipping with Mark Podolsky

Did you know that investing in raw land has more potential than investing in other forms of property? In fact, land flipping has been a steady source of passive income for Russ and Joey for the last couple of years.  In today's episode, they interview The Land Geek, Mark Podolsky. Mark has been buying and selling land full-time since 2001 and has completed around 6,000 land deals with an average ROI of over 300% on cash flips. Isn't that a great path to financial freedom? So if you want to ...

Sep 22, 202239 min

Round Table | What's Investor DNA?

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

Sep 20, 202241 min

Compress Time by Investing With Others with Travis Smith

How often have you seen a deal but hesitated because you didn't have enough capital or felt you didn't have enough support? Of course, doing things all by yourself can be challenging, especially when investing. But what if you have a tribe of people rooting for you and ready to support you?  In this episode, Joey and Russ interview Travis Smith, Founder & CEO of Tribevest , a collaborative group investment platform that enables friends and family to organize as an investor group, pool m...

Sep 15, 202234 min

Round Table | Lessons From Failure

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

Sep 13, 202250 min

The Time I Bought a CPA Firm and Robert Kiyosaki was a Client with Tom Wheelwright

Taxes take away a big chunk of our income. No wonder most people look at it negatively but did you know there are legitimate ways to reduce your tax payments? Today's guest believes that taxation is actually one of the most powerful tools for wealth creation.  In this episode, Joey and Russ interview Tom Wheelwright, an entrepreneur, bestselling author, Rich Dad Advisor® & International Authority on Tax. He is the CEO of WealthAbility, a company that offers a clear and simple guide for ...

Sep 08, 202241 min

Round Table | Coaches Corner: 3rd Quarter 2022 Update

Someone said that accountability breeds trust among individuals and their groups and increases the likelihood of success. It helps you strive to be better than the last time. It gives you the confidence to move forward, even during challenging times.  Today, the Financial Freedom Coaches participate in the 3rd Quarter Update covering the following items: What have you been up to since the last quarterly update? What other opportunities are you looking to invest in? What are the things you'r...

Sep 06, 202251 min

Wall Street is the Modern Version of Organized Crime with Jason Hartman

What do Wall Street and organized crime have in common? That's what we're going to find out from today's guest. But, if that's not enough to get you listening, there are other reasons you should, especially if you're interested in learning more about real estate investing and becoming an empowered investor.  In this episode, Joey and Russ interview Jason Hartman, CEO of Empowered Investor and Real Estate Tools. Jason is the host of Creating Wealth Podcast and a successful entrepreneur, publ...

Sep 01, 202237 min

Round Table | How Can I Supercharge My IBC System?

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

Aug 30, 202257 min

Our Passive Income Report - July 2022

What is that one dream you're not willing to give up on? Russ and Joey's vision is to have a 200% passive income greater than their monthly expenses. Everything they've been doing is aligned with that dream. What about you? What are you doing to achieve your goal? If you're not sure what the next steps are to pursue your dream, tune in to this episode. You might discover an idea that will inspire you to take action.  July 2022 Income At-A-Glance:   Gross Income for July: $129.820....

Aug 25, 202240 min

Round Table | The Benefits of Being the Bank

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

Aug 23, 202253 min

Buying Land NOT Beer in College with Michaela C.

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

Aug 18, 202236 min

Round Table | What is the Benefit of Coaching?

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

Aug 16, 202248 min

Could my Rental House be an Assisted Living Residence? with Chuck Bongiovanni

What other things can you do with your property aside from turning it into a short-term rental property? For example, did you know that it's possible to turn it into an assisted living residence? Let's hear the details from someone who has developed the system to do this kind of thing.  In this episode, Joey and Russ interview Chuck Bongiovanni, CEO and Co-Founder of Majestic Residences Franchise System, a senior residential care home franchise. Chuck was the founder of CarePatrol Franchise...

Aug 11, 202232 min

Round Table | When is the Right Time to Pay Off My House?

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

Aug 09, 202250 min