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Transforming Active Income into Passive Wealth
This chapter explores the transition from traditional income methods to financial independence using the Infinite Banking Concept. It highlights the importance of establishing a financial system that prioritizes passive income, enabling individuals to achieve true financial freedom.
Why grind for a high salary when you can build passive income streams that pay you every month without sacrificing your time and freedom?
In this episode, Russ and Joey reveal how they made $36k last month using the Infinite Banking Concept (IBC). They explain the passive income architecture they've built to make their money work harder for them through multiple passive income streams. From real estate to vending machines and other ventures, they break down exactly how much they made from each investment and the challenges they faced along the way.
Whether you're just starting or already on your journey to financial freedom, this episode is packed with practical insights to help you explore your own passive income path.
Tune in now to learn the right strategies to start earning more dollars monthly!
Top three things you will learn:
-How to build a system that allows your money to create more money
-Different passive income ideas you can explore
-How to use IBC to fund your investments
August 2024 Income At-A-Glance:
-Gross Income for August: $67,100.04
-Total Expenses for August: $20,864.97
-Total Net Profit for August: $46,235.07
-Difference b/t July & August: ($9,376.69)
-% of net profit to overall gross revenue: 69%
Join the Inner Circle Live Waitlist:
https://www.wealthwithoutwallstreet.com/live
Free IBCA or Financial Freedom Discovery Calls:
https://wealthwithoutwallstreet.com/freecall
IBC Webinar:
https://wealthwithoutwallstreet.com/ibc
Wealth Without Wall Street New Book:
https://wealthwithoutwallstreet.com/newbook
Access our Free Financial Scorecard:
https://wealthwithoutwallstreet.com/scorecard
How to Start a Vending Machine Business, Cost, Tips, How Much You Make with Michael Hoffmann:
https://www.youtube.com/watch?v=73Xwu2tHhwI
Build Passive Income with Vending Machines:
https://wealthwithoutwallstreet.com/vending
Explore the World's Largest Car Sharing Marketplace:
Learn How to Invest in Real Estate with The Land Geek:
Join the Wealth Without Wall Street Community:
https://wealthwithoutwallstreet.com/community
Turn Active Income Into Passive Income:
https://wealthwithoutwallstreet.com/pios
Take the Financial Freedom Analyzer:
https://wealthwithoutwallstreet.com/quiz
Subscribe to Our YouTube Channel:
https://youtube.com/@WealthWithoutWallStreet
Check Out Our Monthly Passive Income Reports:
https://wealthwithoutwallstreet.com/passive-income
Discover Your Path to Financial Freedom:
https://wealthwithoutwallstreet.com/passport
Apply to Join the Passive Income Mastermind:
https://wealthwithoutwallstreet.com/wwws-passive-income-mastermind
How to Buy Online Businesses for Profit:
https://wealthwithoutwallstreet.com/freedomnavigator
Freedom Travel Support System:
https://freedomtravelsystems.com/www
Join Our Short-Term Rental (STR) Course:
https://wealthwithoutwallstreet.com/strcourse
Invest With Your Friends and Family:
https://tribevest.com/partners/wwws
STACK Candles:
Create a Six-Figure Side Hustle in Peer-to-Peer Car-Sharing:
https://wealthwithoutwallstreet.com/cars
Join the Wealth Without Wall Street Affiliate Program:
Email - info@wealthwithoutwallstreet.com and say: I have to be in your Affiliate Program because I believe in what you're doing.
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Listen to the best highlights from the podcasts you love and dive into the full episode