Wouldn't it be nice to have money coming in without you working endless hours to earn it? Many people dream of having that mailbox money lifestyle, but not everyone knows how to start. Some wonder if that's even possible. Others hesitate to invest for fear of losing their hard-earned money. But you can definitely grow your passive income while still losing money. The cash flow from passive income sources requires some work initially, but once established, it takes little to no time to maintain. ...
Sep 28, 2023•30 min
Are you thinking about what to do with your money or what decisions you need to make about your financial future? Many financial advisors offer thousands of different financial products, and choosing the right one for you may be difficult. That's the time to ask yourself who you should go to for financial advice. When it comes to your financial future, you want to go to someone who has achieved what you want to achieve. When weighing financial advice, you must carefully determine which are finan...
Sep 26, 2023•46 min
As AI (Artificial Intelligence) becomes integrated into our daily lives, it has steadily become smarter with every technology that adopts it. With that, there's a growing concern for the safety and future of our jobs. But what if we can learn to use AI to our advantage and make it our ally? What if there's a way for AI to help us run our businesses? What if AI can indeed make our processes more efficient? In today's episode, Russ and Joey delve into the power of AI with technology expert Joe Sto...
Sep 21, 2023•35 min
How does being your own bank work? If you want to understand how the Infinite Banking System works, this episode gives you the rundown, specifically the seven points Nelson emphasizes in his book Becoming Your Own Banker . It's amazing how one book can change so many lives. Let it change yours! In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today, they give you the step-by-step to Becoming Your Own Banker. This episode is the final ...
Sep 19, 2023•43 min
Is financial gain the only reason you're investing, or is it because you want financial freedom to spend more time with your family? Investing part of your earnings is one of the most reliable ways to build wealth over time and create more financial opportunities in the future. As you put your money aside, you need to have a clear plan on what you will be getting into and why you are doing it. No matter the purpose of your investment, you can make it even more meaningful. If you want to know how...
Sep 14, 2023•42 min
There’s nothing worse than hitting a roadblock when you’re trying to do the right thing to protect your family, right? For instance, you're trying to purchase a life insurance policy, but your application gets declined. What would you do? There are options out there, so don't give up just yet. In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today, they talk about how you can take advantage of setting up your infinite banking system e...
Sep 12, 2023•21 min
Who would you ask for advice if you want to feel better educated about investing and business and increase your odds of getting great investment results? How do you access the secrets investors won't usually tell you? Today's episode takes you behind the scenes of a private conversation between Russ and Joey and two of their trusted friends and business partners, Sharran Srivatsaa and Mark Podolsky. It's your chance to learn what experienced investors know so you can use the same insights in you...
Sep 07, 2023•37 min
Why 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 parent preparin...
Sep 05, 2023•43 min
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 deal What Russ ...
Aug 31, 2023•53 min
How do you want to be remembered when you're gone? What legacy do you want to leave behind? Do you want to leave all the wealth you've accumulated to your family, or do you want to leave them with the knowledge of how to build lasting wealth so they can do it themselves? Leaving a legacy is more than giving an inheritance, a trust fund, or material things. You must devise a plan to protect your legacy and ensure the wealth-building knowledge is passed to the next generation. In response to the r...
Aug 29, 2023•32 min
Are you looking for ways to maximize your tax benefits? There's an often-overlooked tax tool that can save you thousands of dollars. It can help businesses and individuals who have built, bought, upgraded, or expanded real estate investments accelerate depreciation deductions and defer state and federal income taxes. But you must work with knowledgeable and experienced tax consultants who can help you decide if conducting a cost segregation study on your residential rental property or commercial...
Aug 24, 2023•32 min
Have you ever considered the actual cost of your purchases? When you spend $100, $500, or any amount, are you really only spending that amount? No. You must also consider time, speed, and control, especially when buying a high-value item and borrowing money to fund it. To fully understand the importance of knowing the real cost of acquisition and getting a higher rate of return for your money, tune in to today's conversation. In response to the requests to bring back the BYOB series, Russ ...
Aug 22, 2023•29 min
How do you know if your business idea is good? Is it better to start a business from scratch or buy an existing business? In this episode, Russ and Joey discuss these things with Aaron Shumaker, who began his journey volunteering on his college campus. Years later, he founded two successful businesses and sold his startup for a massive sum. Today, he shares his $100M Entrepreneurial Framework and the lessons he learned. So if you're interested in starting a business or becoming a better entrepre...
Aug 17, 2023•36 min
Saving for retirement can be a challenging task. It is difficult enough for some people to cover their living expenses, and there's little to no money left to put aside for retirement. For others, the challenges include figuring out how much to save and where to put the money so it earns high interest. Hence, many have resorted to traditional retirement plans like 401(k)s and IRAs. But is this really the path to enjoying life after you stop working, or have you fallen for the retirement trap? Wh...
Aug 15, 2023•39 min
Wouldn't it be great to have the choice to keep working or retire early and still have money coming in? Today's guest was able to exercise this freedom of choice, and he will share how he left his high-paying job and went all-in to becoming a real estate investor. Tune in to discover if the path he took is something you would want to follow. Discover how to start finding profitable deals and investing in properties even when you don't have enough money for capital. Top 3 Things You’l...
Aug 10, 2023•36 min
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 toda...
Aug 08, 2023•45 min
Are you still thinking about which path to take to achieve financial freedom? If you have yet to decide which way to go, or you're looking for a new business opportunity, you would want to listen to this episode with Sophie Howard. Sophie shares what she considers the fastest lane to building passive income: buying online businesses. But how would you know which business to buy? Tune in and let Sophie walk you through purchasing online businesses for profit. Top 3 Things You’ll Learn...
Aug 03, 2023•43 min
Where 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 ...
Aug 01, 2023•36 min
It'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 else Two ways to create passive income from one asset Dont forget: The devil is in the details After listening to this episode, please think...
Jul 27, 2023•45 min
What does financial freedom look like for you and your family? What are you doing to achieve your goal? If you have started building your wealth creation system and want to know if you can put all your income into your Infinite Banking Policy, this episode will give you the answer. Listening to this episode will also challenge your thinking and show you endless possibilities if you are willing to learn. In response to the requests to bring back the BYOB series, Russ and Joey continue their...
Jul 25, 2023•43 min
Many people dream about quitting their jobs. They want to drop out of the rat race and find a way to spend more time doing what they really love. How can you live a life of your design instead of living your life in default mode? In this episode, Lifestyle Investor Justin Donald joins Russ and Joey to share how he was able to retire his wife with just one deal. Justin also talks about the four core principles that guide his investment decisions. The same principles are outlined in his book...
Jul 20, 2023•43 min
If 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 p...
Jul 18, 2023•51 min
Do you know how much money you need to save to be able to retire in your 50s or even earlier? What are you doing to prepare for your retirement? Are you just accumulating your money in traditional retirement accounts? If you think the 4% safe withdrawal rate is on your side, think again. If you want to be financially independent, retire early, and live your dream lifestyle, today's episode with Kelly Iannone is a must-listen! Top 3 Things You’ll Learn: Why you should not put your money in ...
Jul 13, 2023•41 min
If 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 BYO...
Jul 11, 2023•52 min
What is the most critical factor in starting or growing a business? Is it money or capability? What factors should you consider when thinking about investing in a company? Why would you gain out of joining Masterminds? These are just some of the topics that Russ, Joey, and Jayson Lowe discuss in today's episode. So if you want to know the answers to these questions, you're in the right place. Top 3 Things You’ll Learn: Which is more important - money or capability? What to look for before invest...
Jul 06, 2023•45 min
A 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 w...
Jul 04, 2023•47 min
People define financial freedom in different ways. To some, it could mean they've fully paid all their debts. To others, it could be when they achieve a certain income or no longer worry about where to get the money for their day-to-day expenses. Regardless of your situation, we all wish for that day when we have built enough passive income streams that are more than enough to cover our expenses with some money left to invest. But there's no single path to financial freedom – there are man...
Jun 29, 2023•33 min
Becoming 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...
Jun 27, 2023•37 min
Whether you're a side hustler or an investor with extra money to start a new business venture, eCommerce is a great investment opportunity. Even if you don't know anything about running an eCommerce business, it's possible to invest in it. In this episode, Russ and Joey discuss the possibilities of investing in a new asset class available passively to investors. Mike Vranjkovic, Managing Partner of WebStreet, joins them to hash out the details. Top 3 Things You’ll Learn: Making tough...
Jun 22, 2023•33 min
Do you know how banks make money? It is by lending money to borrowers at high-interest rates. So why not create your own bank? If you have extra money, would you rather put it in another bank or create your own bank? If you're going to buy a car or a property, would you borrow from someone else's bank and pay them the interest or borrow from your own bank and earn that interest? If you want to know how to establish your own bank, today's episode will give you some clarity. In respons...
Jun 20, 2023•30 min
