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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast Many people worry about providing security for their families if something unfortunate happens. They think about what their spouses and children will do to pay the bills. So comes the question: Should you buy life insurance or focus on saving money in a bank? While both life insurance and savings can result in a lump sum benefit for your loved ones, there are key differences, especially if you also plan to implement IBC to secure the future of your family. In today's conversation, Ru...
Jan 16, 2024•46 min•Transcript available on Metacast Taxes eat up a chunk of most people's income. What if there are ways to keep more of what you’ve earned? In this episode, Russ, Joey, and CPA Mark Perlberg discuss the top mistakes entrepreneurs and business owners make that make them pay unnecessary taxes. If you are eager to know how to protect your income, consider implementing the ideas that could reduce your tax bill this year or the next. Top three things you will learn: The different types of income Strategies to help you stop...
Jan 11, 2024•33 min•Transcript available on Metacast 2023 was a year of ups and downs and unexpected twists and turns. For many people, it was a year of learning as they went through many experiences that led to either heartbreak or triumph. How about you? What valuable lessons can you take away from the past year that you can apply as you move forward to the new year? What are you excited about for 2024? In today's conversation, Russ, Joey, and the financial freedom coaches continue to discuss their million-dollar insights from 2023, with a...
Jan 09, 2024•38 min•Transcript available on Metacast When faced with a challenging situation, what would you do if failure was not an option? It takes courage to take major leaps in life, but not taking action can lead to failure. In this episode, Dave Wolcott shares how he pivoted when he woke up in an unexpected scenario, going from having one child to having four children overnight. Discover how he quickly decided to change his financial situation to support his growing family. If you need inspiration to pursue your financial goals, this episod...
Jan 04, 2024•32 min•Transcript available on Metacast What wins and challenges have you faced over the past year? What big hairy audacious goals (BHAG) have you set for yourself in the coming year? As the new year starts, it's natural for people to reflect on their professional and personal achievements over the past 12 months. This moment of reflection can be extremely valuable as it allows us to assess how far we've come, identify areas of opportunity, and set more ambitious goals for the future. In today's conversation, Russ, Joey, and the...
Jan 02, 2024•40 min•Transcript available on Metacast What if you can grow your passive income to 25% in 2024? How will it change your life? Would you like to know how to finally achieve financial freedom in 2024? As Russ and Joey share their November 2023 Passive Income Report, they also discuss how they respond to the most common question people ask: “Where are you investing?” They share where they are putting their money and give you the criteria they use when choosing investment opportunities. So if you want to learn how to become a bette...
Dec 28, 2023•38 min•Transcript available on Metacast An eQRP or Enhanced Qualified Retirement Plan is marketed as the fastest way to earn more than traditional 401(k)s or self-directed IRAs. It is said to be a system that offers complete flexibility, control, and protection of your investments. Unlike any other retirement account, you have the freedom to choose your investments with an eQRP. That sounds like a fantastic way to build wealth and achieve financial freedom. WRONG! In today's conversation, Russ, Joey, and the financial freedom co...
Dec 26, 2023•50 min•Transcript available on Metacast Many people dream of having more money, and you probably have the same goal. But what are you doing about it? Warren Buffett once said, “If you don't find a way to make money while you sleep, you will work until you die.” You probably don't realize that you're losing money while you sleep. But all that is about to change if you pay attention to today's conversation between Russ, Joey, and their guest, Craig Ballantyne. Top three things you will learn: Nighttime rituals to prepare for the n...
Dec 21, 2023•38 min•Transcript available on Metacast Be careful who you hang out with because being in the wrong company can harm you if you're not careful. We all know that keeping up with the Joneses is a real phenomenon. So, how do you begin to detach yourself from it once you’ve figured out that it’s just not working for you and instead causing you to dig a deeper financial hole every month? Aside from that, what else are you doing that prevents you from getting out of your poor financial situation? Who do you listen to for advice? You m...
Dec 19, 2023•50 min•Transcript available on Metacast Did you know that laundromats are a billion-dollar business in the United States? Can you imagine how many quarters there are in a billion dollars? Yes, laundromats generate a lot of money. However, not all of it becomes the profit of a laundromat owner. Owning a laundromat also comes with steep expenses like utilities and overhead costs. So, how can you make sure your laundromat is profitable? It helps to understand the numbers behind the business, and that's what today's conversat...
Dec 14, 2023•44 min•Transcript available on Metacast As parents, we want to ensure our children learn how to make wise financial decisions before they start living independently. But how do we teach them when they're young? How can they know the value of coins and dollars? It can be challenging for young children to understand the value of money, but as with most knowledge that kids need to acquire, introducing a fun activity can help. For more ideas about helping your kids learn about money and how it works, tune in as Russ, Joey, and the financi...
Dec 12, 2023•37 min•Transcript available on Metacast You've probably heard the saying, “The riches are in the niches," but what does that really mean? How does focusing on a specific niche increase your chances of success? Isn't it wiser to try and reach a broader market? Today's conversation between Russ, Joey, and Tom Dunkel will give you the perspective and insights into why discovering your unique ability and specific niche can lead you to financial success. Tom will even teach you how to clone an 8-figure business and let you in on a secret. ...
Dec 07, 2023•39 min•Transcript available on Metacast “It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” This famous quote by Robert Kiyosaki appropriately describes today's conversation. How much of our hard-earned money do we get to keep when a massive chunk goes to the government? What can we do legally and ethically to minimize our tax liability to allow us to have more money to use for wealth-building activities? Today's conversation will give you the answ...
Dec 05, 2023•39 min•Transcript available on Metacast Passive income sounds amazing, but is it really better than active income? Both incomes are required at some point in your lifetime, but which one can help you reach financial freedom faster? What exactly is the difference between active and passive income, and why should you care? That's what Russ and Joey will discuss today. So don't miss the conversation. Top three things you will learn: How to deal with the interest rate dilemma How to use your experience to get involved in profi...
Nov 30, 2023•38 min•Transcript available on Metacast Who would you ask for advice when making important decisions, especially about money? What are the qualities you would look for in a money coach? If you want to know more about the Infinite Banking Concept(IBC) and search for information online, you will get different opinions. How do you know which one to believe? We are inclined to trust a person's expertise when they confidently explain their thoughts. So, how do you determine whether the person you’re listening to is an expert or just ...
Nov 28, 2023•47 min•Transcript available on Metacast Where should you put your money to hedge against inflation? People believe that investing in gold has many benefits and can protect your investment in the long run. Everyone depends on gold when other assets do not offer stability. For this reason, you can see a steep price hike in gold whenever the global equity markets are turbulent. Another advantage of choosing gold is that the rates are stable worldwide, and you will get your money's worth anywhere you trade gold. But do you need complex fi...
Nov 23, 2023•28 min•Transcript available on Metacast We all have goals and things we would love to achieve before we die. But have you thought about preparing your spouse or family for the inevitable? Have you secured their future? As we all know, death doesn't discriminate by age or any other factor. It can come when we least expect it. You may have prepared your last will, but it's not the only thing you must do before you die. While your estate may not be as large as others, it's just as important to have a plan in place in the event of your de...
Nov 21, 2023•42 min•Transcript available on Metacast There’s an old saying that you can learn as much from a bad experience as you can from a good one. And that is so true when it comes to the realizations that come with making poor investment decisions. Every investor has had a series of experiences that eventually form their investing principles that may lead to long-term financial success or lost opportunities. So, how do you avoid investment failures that can prevent you from achieving your financial goals? That's what today's conversation is ...
Nov 14, 2023•48 min•Transcript available on Metacast Quitting a job you have depended on for most of your career can be sad and exciting at the same time. How do you prepare for this crucial decision? To get through this challenging situation, there are preparations you need to make. And today's conversation with Ben Buzek will give you insights into making the decisions that will save your life. Tune in to learn how to prepare for retirement and find a community you can depend on while you strive to be independent from your 9 to 5 job. Top ...
Nov 09, 2023•34 min•Transcript available on Metacast Financial freedom to afford the lifestyle you want for yourself and your family is an important goal for many people. But starting your path to financial freedom can be challenging if you do not know what to do. To help you gain financial literacy and create a solid financial foundation, Russ, Joey, and the financial freedom coaches discuss the following to give you The Financial Freedom Starter Guide: The tools you need to become financially free How to obtain the knowledge and take action to p...
Nov 07, 2023•41 min•Transcript available on Metacast Sometimes, we all just need a little encouragement or advice. And although our friends and family may try to support us, it is difficult for them to relate if they aren’t in the same situation. That’s why finding a community of like-minded people is so important for success. You have to find the right place where you can learn and grow. Such is the impact of joining the Passive Income Mastermind. If you were not able to join the recent live event, here's your opportunity to hear the biggest take...
Nov 02, 2023•38 min•Transcript available on Metacast 
