Storage Wins EP468: Russ Morgan and Joey Mure on Achieving Financial Freedom and Leveraging More of Your Idle Cash!
Russ Morgan and Joey Mure are both coaches and partners for Wealth Without Wallstreet, a service that provides financial insight and tools to get out of the rat race and into financial freedom. Their philosophy is about being in service to others and making a bigger impact on their community. Find out more about how they help entrepreneurs leverage more of their idle cash on this week's episode!
Key Takeaways:
- How did Russ and Joey get started in real estate?
- Joey was making a lot of money but he had nothing to show for it. In fact, it was doing the opposite effect of taking him away from his family.
- Joey was making $300K a year and was about to have his fourth child when he told his wife he didn't wanna do it anymore.
- Russ shares his story. He was doing everything the hard way.
- It's all about impact for both Russ and Joey.
- How do people start their path on financial freedom?
- Are you distracted and completely wasting your potential based on society's expectations of you? What are your true goals and passions in life? Get clear on that first.
- If you're honest with yourself, you can actually gain back hours of your time every week.
- Russ and Joey take their clients through a process called "Investor DNA."
- It's okay to follow other people's ideas, but make sure they're aligned with who you are.
- Joey explains the mortgage/borrowing trap people end up falling into.
- Russ explains how you can leverage your money more effectively!
- What is the trade-off of every decision that you make?
- Cash sitting idle in your bank account is not a good thing!
- Russ and Joey are very intentional about building out a wealth plan that makes sense to you and where you are in life.
- How does infinite banking work?
- Russ and Joey share that this approach is a long-term game to be played. If you need to live on every single dollar you make, then it's probably not for you.
MENTIONED IN THIS EPISODE:
Connect with Russ Morgan and Joey Mure: Wealthwithoutwallstreet.com & Join the community here.
Book recommendations:
Becoming Your Own Banker: Unlock the Infinite Banking Concept, by R. Nelson Nash
Take Your Life & Business to New Heights with the Flip Empire Experience in the Florida Keys
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. TWEETABLES:
"Active income doesn't necessarily equal financial freedom. My lifestyle increased as my income increased."
"Our time on earth is so limited. We have very little time to work with. So everything to me is about impact."
"How much cash flow do we have constantly coming at us and how long does it sit idle in our accounts?"
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