The Wealth Without Wall Street Podcast

The Long Road to 100k in Passive Income

Jul 25, 2024

Embark on a journey to financial freedom as Russ and Joey share their June Passive Income Report. They dive into the frustrations of certain investments, revealing that not every opportunity meets expectations. Their candid conversation emphasizes perseverance, education, and growth in the face of challenges. Discover key deal-making strategies and the initial steps to building passive income. Whether you're a novice or experienced investor, their insights provide motivation to navigate the complexities of generating multiple income streams.

27:31

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Quick takeaways

Building multiple streams of passive income requires adaptability due to seasonal fluctuations and the management of expectations regarding income performance.

Engaging in financial education and networking with experienced individuals can significantly enhance investment decision-making and access to lucrative opportunities.

Deep dives

Challenges of Achieving Financial Freedom

The primary obstacle to financial freedom is often the lack of time to focus on it amidst daily life responsibilities. Many individuals feel overwhelmed, not knowing where to start on their financial journey. Joining events and seeking guidance from experienced speakers and strategies can be instrumental in overcoming these hurdles. By participating in such opportunities, the journey towards financial independence can be expedited significantly.

Navigating the Challenges of Financial Freedom

11min

Navigating the Frustrations of Passive Income Investments

17min

Do you know what it takes to build passive income? In this episode, Russ and Joey dive into their June Passive Income Report, sharing candid insights and lessons learned from their journey toward financial freedom.

They discuss the frustrations they've faced with some of their deals, emphasizing that not every investment turns out as expected. This honest conversation highlights the importance of perseverance, continuous learning, and growth on the path to achieving $100k in passive income.

Whether you're just starting out or are already on your journey, this episode offers valuable takeaways to help you navigate the ups and downs of investing.

Tune in now to learn from their experiences and get inspired to keep pushing towards your financial goals!

Top three things you will learn:

-Key elements for successful deal-making (MOTER)

-First step to creating passive income

-Why some deals fall short of expectations

June 2024 Income At-A-Glance:

Gross Income for June: $62,711.05

Total Expenses for June: $14,111.74

Total Net Profit for June: $48,599.31

Difference b/t May & June: $623.45

% of net profit to overall gross revenue: 77%

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