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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast Real estate has been a good investment for investors who wish to grow their capital and create wealth. One of the beautiful things about real estate investing is that there's more than one strategy that can be successfully used. When it comes to residential real estate, there are two main types of properties that one can invest in—single-family and multifamily. If you want to invest in multifamily properties, today's episode with Robert Pereira of ARC Multifamily Group has a lot of valuable info...
Jun 15, 2023•38 min•Transcript available on Metacast Do you realize what the problem is with the current banking situation? Chapter 4 of the book Becoming Your Own Banker illustrates this problem using the example of a 29-year-old man making $28,500 yearly after taxes and what he does with the after-tax income. Nelson also compares the situation to flying a plane. Tune in to fully appreciate the analogy and discover the most profitable thing you can do. In response to the requests to bring back the BYOB series, Russ and Joey continue their b...
Jun 13, 2023•42 min•Transcript available on Metacast There are many things you can learn from billionaires. Today, you will discover three of those lessons. The world's ultra-rich come from diverse backgrounds, many of whom have started with little or no money at all. So how did they become super wealthy? What do these billionaires do differently? The critical insight here is that these billionaires knew where and how to invest, which Russ, Joey, and their guest, Ben Fraser, discuss in this episode. Top 3 Things You’ll Learn: Business ...
Jun 08, 2023•37 min•Transcript available on Metacast Imagine you're married and own a grocery store. Where would your spouse and children shop–your store or somebody else's? Your store, of course! But which door would they choose to come out? Would they go out the back door, avoiding the cashier, or would they go out the front door and pay for the groceries like the rest of your customers? Your answer in this hypothetical scenario is critical to what happens to your business. In this episode, Russ and Joey use the same grocery store scenario...
Jun 06, 2023•33 min•Transcript available on Metacast With any investment, there will always be some risk. But some investments are safer than others. Take the self-storage facility, for example. You may not have considered it as a potential investment opportunity, but self-storage is actually a wise and safe investment. In today's episode, Russ and Joey chat with Scott Meyers, founder and CEO of Self Storage Profits, Inc., about the potential of self-storage as a pathway to financial freedom. They also discuss how deals are made in self-stor...
Jun 01, 2023•45 min•Transcript available on Metacast When you think of the most successful people you know, how many of them lack imagination? Probably none. It's because creativity is vital to success. If your job is to make money work so it creates cash flow to sustain the life you want for you and your family, how many ideas can you come up with? The problem with most people is that they spend their days on autopilot. They have stopped dreaming and envisioning the future they want. It's time to rekindle your creativity. Imagine living the...
May 30, 2023•29 min•Transcript available on Metacast With talks of inflation and concerns over the banking sector, many people are on the lookout for any edge they can get to ease their financial burdens. In times like these, isn't it nice to have passive income streams and steady cash flow? In today's episode, Russ and Joey discuss their Passive Income Report for April 2023. Along with showing the numbers, they walk through the different investment opportunities they have ventured into to give you insights on where you can get the most return fro...
May 25, 2023•31 min•Transcript available on Metacast How do you decide where to invest your money? Do you perform due diligence? When making investment decisions, it is important to take responsibility and not just surrender the decision-making process to someone else. As much as possible, you should put your money in a vehicle you have personally vetted or risk losing millions in a bad deal. In today’s conversation, Russ, Joey, and the Wealth Without Wall Street financial freedom coaches discuss their experiences on the following lessons from inv...
May 23, 2023•46 min•Transcript available on Metacast Building wealth isn’t simply about putting money in the right place at the right time. Instead, it’s about understanding that determination, self-motivation, and the right mindset are the real keys to thriving. That's something that Ken McElroy learned from his years of building his real estate empire. Ken is the real estate advisor to Robert Kiyosaki of The Rich Dad Company. Today, Ken joins Russ and Joey to share more insights into real estate investing. This episode is a must-listen if you wa...
May 18, 2023•37 min•Transcript available on Metacast If there's one book you can read to help improve your financial acumen, it's Becoming Your Own Banker (BYOB) by R. Nelson Nash. This book is not about investments of any kind. Instead, it's about how one finances the things in life. It's about making your money work for you. One famous quote by R. Nelson Nash is, “The very first principle that must be understood is that you finance everything you buy–you either pay interest to someone else or you give up the interest you could have earned ...
May 16, 2023•34 min•Transcript available on Metacast When investing in real estate and renting out properties, landlords either go the long-term rental route or pursue a short-term rental strategy. But have you ever thought about mid-term housing? Mid-term rentals (MTR), or medium-term rentals, are perfect for people who want to live in an area for a while but want a shorter lease than the typical year-long lease. So there's a massive potential for this type of investment. Join Russ and Joey as they chat with The Mid-Term Rental Queen, Sarah Weave...
May 11, 2023•37 min•Transcript available on Metacast How do you know if a financial coach has the skills and abilities to help you become financially free? How can you tell a true expert from a phony? Without proper regulation in the coaching industry, anyone can call themselves a money coach and give financial advice. But to find the right one, you would naturally have to see if the person claiming to be a money coach is financially free. The road to financial freedom is challenging, so you need the help of someone who has reached that dest...
May 09, 2023•50 min•Transcript available on Metacast Can you think of anyone who wants to pay more taxes? So how do you minimize your tax liability? Understanding the tax credits and deductions you're eligible for, and calculating them correctly, can mean the difference between paying more taxes and receiving a generous refund. That's just one of the many strategies to make sure you're not leaving money on the table. Join Russ and Joey as they sit down with Tommy Thornburgh, President at Prime Corporate Services. This company offers the reso...
May 04, 2023•44 min•Transcript available on Metacast What does your retirement plan look like? Are you like most people who believe that the best strategy is to work, save and then retire? Do you put your money in qualified retirement plans? If so, it's time you discover creative options to build wealth instead of just waiting for your retirement plan to mature. Learn from Russ, Joey, and the financial freedom coaches as they talk about the following: Why a qualified plan is the worst place to invest in What does it look like to liquidate my plans...
May 02, 2023•56 min•Transcript available on Metacast You’ve probably heard the adage, “Make money while you sleep.” That’s precisely what many people have been trying to learn, and this podcast shares different passive income ideas that you can explore. In today's episode, Russ and Joey discuss their Passive Income Report for March 2023. Aside from getting the behind-the-scenes of each opportunity they've invested in through the years, you will discover how to build passive income through information courses, affiliate marketing, and much mo...
Apr 27, 2023•36 min•Transcript available on Metacast Online markets are booming with opportunities, and there are billions of dollars to be made in e-commerce. But how much capital do you need to set up an e-commerce business? Where do you find products to sell? How much time do you need to dedicate to running this business? If you want to make real money selling products online and make it your path to financial freedom, you can learn a lot from today's conversation. Tune in as Russ, Joey, Eric, and Amazon FBA expert Daniel Espy talk about the fo...
Apr 25, 2023•1 hr•Transcript available on Metacast What if you want to invest in a huge deal but need more money? No need to worry! All you have to do is find friends and family members willing to invest with you. This process is made more accessible and streamlined using a platform called Tribevest. In today's episode, Russ and Joey interview Travis Smith for the second time. Travis is the founder and CEO of Tribevest, a collaborative group investment platform that enables friends and family to organize as an investor group, pool money, a...
Apr 20, 2023•45 min•Transcript available on Metacast Is investing in crypto your path to financial freedom? As a result of the surge in the popularity of cryptocurrencies, more and more people are putting their money into cryptos. But it takes more than doing what others say or do without fully understanding what's at stake. So do you really know how this asset class works? Do you understand the risks? If you want to get more information, you're in luck because today's conversation is about breaking down crypto as a passive income option. Tune in ...
Apr 18, 2023•45 min•Transcript available on Metacast As you pursue financial freedom and participate in different wealth-creation opportunities, you come across many crucial discoveries. But one important thing to remember is that every financial goal needs a financial plan. And to help you craft and implement your financial plan, you need a Money Coach. In today's episode, you will hear from Sharran Srivatsaa, who shares the ten lessons he learned from his Money Coaches (no other than Russ and Joey). The lessons he shared are a combin...
Apr 13, 2023•33 min•Transcript available on Metacast Imagine your life if you didn't have a system or framework to do everything. It would be chaotic and frustrating! If you want to avoid simplicity or efficiency in doing things, especially in managing your finances, you should definitely not set up a passive income operating system. Plain and simple. But what if there's a better alternative to not having a system? Wouldn't you want to know about it? As you hear the coaches give their thoughts on the following topics, you will be able ...
Apr 11, 2023•44 min•Transcript available on Metacast How do you keep your financial records organized and easily accessible? Do you want to see where other people are investing? If you want to build a strong investment portfolio, what you need is an all-in-one wealth management solution to maximize your profits and simplify your financial life. In today's episode, Russ and Joey interview Litan Yahav, Co-Founder & CEO at Vyzer, a secure, automated, online wealth management solution that helps investors track, monitor and gain insights int...
Apr 06, 2023•37 min•Transcript available on Metacast 
