Transforming Active Income into Passive Wealth | 2min snip from The Wealth Without Wall Street Podcast

Get the app

How We Made $36k Last Month Using the Infinite Banking Concept (IBC)

The Wealth Without Wall Street Podcast

chevron_right

notes

CHAPTER

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.

00:00

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

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: