If you’re worried about saving enough of your earnings to meet your financial goals, building wealth through passive income might appeal to you. But which passive income idea should you pursue? Does the size of your investment matter? In today's episode, Russ and Joey discuss some of the small and big deals they have been considering and the income potential of each transaction. They also discuss their different passive income sources and what they earned for April 2024. While many of their inve...
May 30, 2024•43 min•Transcript available on Metacast Taxes can be substantial, taking a massive chunk of your income. The more money you make, the higher your tax liability. Regardless of how much you earn, can you reduce your taxable income? Careful tax planning could significantly reduce your tax burden, even if you have a relatively high income. Today's conversation focuses on creative ways to reduce your tax liability legally. Join Russ, Joey, and the financial freedom coaches as they discuss the following: -How to effectively reduce the...
May 28, 2024•46 min•Transcript available on Metacast Flipping vacant land is one of the most overlooked and misunderstood ways to make money in real estate. It’s also one of the best. However, one common problem land flippers experience is a lack of funds, which sometimes prevents them from snapping up deals. Sure, they can borrow from traditional banks, but they need to fill out a lot of paperwork and go through a tedious process, and there is no guarantee that their loan will be approved. That's where private money lenders come in. L...
May 23, 2024•28 min•Transcript available on Metacast Managing your finances may seem overwhelming, but you can learn some best practices from many great books about the subject. While it can be time-consuming to read all these books yourself, why not start by listening to today's conversation so you can get a head start on learning how to make your money work for you? Join Russ, Joey, and the financial freedom coaches as they discuss the following: -How different people make money -Using facts and data rather than emotions to make decisions ...
May 21, 2024•46 min•Transcript available on Metacast Investing might sound like one of the scariest parts of managing your finances if it's your first time, but it’s also potentially the most rewarding. It is one of the best ways to become financially free over time. A savings account just won’t build wealth. So, where should you start? Today's conversation with Dave Zook will give you some insights and inspire you to explore the world of investing in real assets. Top three things you will learn: -What is a real asset, and what makes i...
May 16, 2024•37 min•Transcript available on Metacast Having cash on hand for daily expenses is a good practice. But how much cash should you maintain? Is keeping too much cash practical? Where should you keep your money to ensure maximum growth? Different people and companies have varied cash requirements, so there is no one-size-fits-all formula for maintaining adequate cash. However, there are best practices to keep in mind. Join Russ, Joey, and the financial freedom coaches as they discuss the following: -Where should you put your m...
May 14, 2024•47 min•Transcript available on Metacast Your car is more than just a means of transportation. It’s a potential side hustle– a source of income waiting to be unlocked. Entrepreneurs and clever individuals find innovative ways to turn their cars into revenue-generating machines in today's economy. So, do you want to turn your car into a passive income stream? Have you considered starting a side hustle in peer-to-peer car-sharing? Have you looked into platforms like Turo or Getaround but don't know how to get started? You're ...
May 09, 2024•37 min•Transcript available on Metacast Many businesses, whether big or small, encounter challenges related to financial issues. This is mainly due to their limited access to resources. Knowing some of the difficulties expected is critical to planning well enough to solve them. How do you think business owners can solve financial challenges? In today's conversation, you will hear why business owners use a financial tool called the Infinite Banking Concept (IBC) to solve many of their business concerns. Join Russ, Joey, and the financi...
May 07, 2024•48 min•Transcript available on Metacast If you're considering investing in real estate, locations near school campuses create enormous demand for student housing. But instead of renting your properties to college students, why not cater to graduate students? In this episode, Russ and Joey discuss the details of student housing with Ryan Chaw, a real estate investor who specializes in student rentals. After investing for four years–buying one property per year–Ryan now makes six figures in rental income per year and teaches...
May 02, 2024•30 min•Transcript available on Metacast You finance everything you buy. The only question is how you pay for it. Do you borrow money from someone else? Do you save money to buy the item and lose the potential earnings from that money if you had invested it? What if there's a better way to finance your purchases and still benefit from the interest your money would have earned in a tax-favorable account you can control? That's exactly what IBC can do for you. The basic idea behind the Infinite Banking Concept (IBC) is for you to t...
Apr 30, 2024•48 min•Transcript available on Metacast If you plan to build your passive income, you must start somewhere. Is there an ideal path? What if you don't have a lot of capital to begin with? Today, Russ and Joey share their passive income report and insights on what's working and what's not. If you still haven't decided whether to take the first step toward financial freedom, this episode will give you some ideas to kickstart your journey. Top three things you will learn: -The different ways to earn passive income -Lessons from inve...
Apr 25, 2024•35 min•Transcript available on Metacast Are you still trading time for money, meaning you rely on a salary earned from a full-time or freelance job? Many people still do, and that's how most people operate because that's how we were taught. What if there's another way to earn money without you directly working? The journey toward financial freedom often involves passive income, a primary component in long-term wealth creation. But how do you find passive income opportunities? In today's conversation, Joey, Jamie, and Mark ...
Apr 23, 2024•40 min•Transcript available on Metacast Building and growing a business can be demanding and stressful, especially if you’re juggling multiple responsibilities and dealing with many challenges. When you’re under stress, your ability to think clearly and make rational decisions can be compromised, resulting in negative consequences for your business. So, as a business owner, it’s essential to prioritize your health and well-being so that you can make informed decisions and lead your business to success. In this episode, Russ and ...
Apr 18, 2024•40 min•Transcript available on Metacast You’ve got a steady paycheck from your 9-to-5 job, or you're already earning some money from your side gig, but deep down, you want more money, freedom, flexibility, and choices. It’s time to build passive income. All income sources are essential, but for financial freedom, passive income is the key to achieving your goal. But how do you start making passive income? Join Russ, Joey, and the financial freedom coaches as they discuss the things you need to make passive income in 2024. The to...
Apr 16, 2024•37 min•Transcript available on Metacast Mortgage note investing is one of the most profitable real estate investment strategies available. When you understand how it works, it can be an incredible vehicle for building passive income, yet it is less popular with investors. In this episode, Russ, Joey, and their guest, Robert Hytha of FIXnotes, will explore the world of mortgage notes and how to invest in them. The rates of return in mortgage notes investment are higher than the banks' traditional low-yield bonds and higher than m...
Apr 11, 2024•40 min•Transcript available on Metacast Some financial habits, big or small, can ruin one's chances of achieving financial freedom and leave one with empty pockets. Are you aware of your money habits? Your habits might be preventing you from reaching your financial goals, so it's best to evaluate what you've been doing when it comes to your finances. Join Russ, Joey, and the financial freedom coaches as they discuss the money habits that are keeping you broke. The top three things you will learn are: -How to create cash fl...
Apr 09, 2024•30 min•Transcript available on Metacast Do you want to be rich? Most people would say yes. But how do you build wealth when you do not come from money? How can you live a purposeful, passionate, and prosperous life? Let's hear from a “financial genius” who was not born into a wealthy family, yet he understands the essence of investing and creating wealth. What does he know that many people don't? Tune into today's episode with Russ, Joey, and their guest, Garrett Gunderson, for an entertaining yet informative conversation about money ...
Apr 04, 2024•30 min•Transcript available on Metacast You may have heard the term “accredited investor” while listening to this podcast or from one of your wealthy friends. But do you know what it means to be an accredited investor and why you should become one? Regardless of where you may have heard the term, if you’re interested in finding better ways to invest your money, today's conversation will explain why becoming an accredited investor is a good idea and the benefits that come with it. So join Russ, Joey, and the financial freedom coa...
Apr 02, 2024•35 min•Transcript available on Metacast Are you still just relying on your employment as a source of income? What's holding you back from starting your own business or investing in opportunities that will allow you to create passive income? Do you need more capital or investment knowledge to begin your wealth-building activities? Today, Russ and Joey share their passive income journey and the vital role infinite banking fulfilled as they invested in different ventures. As you listen, maybe an idea sparks your curiosity, and you want t...
Mar 28, 2024•48 min•Transcript available on Metacast Whether you're an employee or a business owner, taxes take a huge chunk out of your earnings. Taxes are a part of life and doing business, and you can't escape from them. However, there are legitimate ways to minimize your tax liability. But you have to know where to seek advice. Don't go looking for ideas online because you can't be sure if they are good advice at all. If you don't want to fall victim to the biggest tax blunders business owners make, tune in to this conversation and learn why t...
Mar 26, 2024•47 min•Transcript available on Metacast Do you have at least 30 acres of land you want to monetize? There's an opportunity besides land flipping that can turn your property into an income-generating asset. You can get paid to let a solar developer install solar technology on your property. The best part is that you can make money going green without buying the system or having to maintain it. The solar company does all the work for you. If you're curious about this opportunity, tune in to today's episode with Russ, Joey, and the...
Mar 21, 2024•31 min•Transcript available on Metacast When looking for advice about investing and growing your money, you always seek guidance on what you must do. But a more practical thing to do is to think of all the possible obstacles and all the wrong things to do to ensure you fail. It's always better to understand both sides of the equation. Today, Russ, Joey, and the financial freedom coaches discuss three points to emphasize how not to invest in 2024: -Possible places to keep your money so you can't access it when investment opportun...
Mar 19, 2024•31 min•Transcript available on Metacast Real estate is still one of the most profitable ways to build wealth. However, the lack of capital and information about creative financing strategies keeps most people from investing in real estate. So, how can you start learning about creative finance? Today, Russ and Joey speak with someone who knows the ins and outs of alternative financing strategies that individuals can utilize to acquire properties. Tune in and learn to think outside the box to secure the best funding for your real estate...
Mar 14, 2024•33 min•Transcript available on Metacast Choosing between paying down debt and investing is a decision many people find challenging. For the majority, paying off debts is the usual priority, thinking that being debt-free is the same as being financially stable. However, when you look at the wealthy, you will see that they prioritize investing and making their money grow. Which should you choose!? Before you decide, there are things you have to consider. So join Russ, Joey, and the financial freedom coaches as they discuss the fol...
Mar 12, 2024•46 min•Transcript available on Metacast Are you constantly feeling overwhelmed in running your business? Being an entrepreneur or a business owner is hard work, especially if you do most tasks. You need to be the salesperson, the marketing strategist, the manager, etc. But it doesn’t have to be that way forever. One way to help reduce the overwhelm is to start outsourcing various tasks in your business. A great way to do it is by hiring a virtual assistant who can give you more time and freedom to focus on doing what you love. Y...
Mar 07, 2024•33 min•Transcript available on Metacast Getting started as an investor can be challenging or even scary for beginners. You want to make a good return on your investment, but you know the possibility of losing your money exists in every investment opportunity. Even those who have acquired sufficient knowledge, expertise, and confidence are not immune to risks. But the difference is that they know how to identify and mitigate those risks. So, if you want to begin your investing journey, creating a short list of critical point...
Mar 05, 2024•34 min•Transcript available on Metacast How in the world can someone have 21 different passive income streams when many people don't even have one? Today, you will know the answer to that question. Join Russ and Joey as they go over each of their investments and report their passive income, as they do every month. They also discuss how much money you need and how you can gather insights about each type of investment so you can begin building your passive income. Top three things you will learn: -Different passive income id...
Feb 29, 2024•28 min•Transcript available on Metacast Parents, do you realize you only have 18 summers with your kids? After that, you have to let them go. How are you making the most of your limited time with them? How are you teaching them the skills they need to become independent? Are you investing in your kids? Join Russ, Joey, and the financial freedom coaches as they discuss the following: -The importance of spending quality time with your kids -Activities and questions you can ask your kids to discover their interests -Teaching ...
Feb 27, 2024•39 min•Transcript available on Metacast Do you want to travel the world? Whether visiting friends and family, going on a business trip, or taking a bucket list trip, travel helps us thrive. But not everyone can travel as much as they want because it can be very costly. What if you could travel to any destination in business class for free? Earning free travel can be simple, but it takes strategy. Today's guest, Eli "The Travel Guy" Facenda, will teach you how to do this and help you stay organized. Top three things you wil...
Feb 22, 2024•33 min•Transcript available on Metacast Most of the American workforce automatically enrolls in a company retirement plan such as 401(k) without a second thought because they have been told it’s the best way to plan for retirement. Tax deferral plus an employer match seem like obvious reasons to believe it's a wise investment. But is a 401(k) a good retirement plan? Are there creative ways to build wealth without putting money into qualified retirement plans? Fortunately, there are better options. Join Russ, Joey, and the financ...
Feb 20, 2024•37 min•Transcript available on Metacast 
