The Wealth Without Wall Street Podcast

Learn about the benefits of using a life insurance line of credit instead of bank loans. Discover creative ways to use your life insurance as a source of funds for investments. Explore the advantages of using a life insurance credit line aside from easy access to cash. Dive into the concept of infinite banking for financial freedom and utilizing life insurance on a credit. Understand how interest rate changes affect loans against life insurance policies and the benefits of collateralization.

It was 2020 when Russ and Joey decided to share their passive income report and review the few deals they engaged in. Back then, they didn't have much to report, but they persevered in building multiple passive income streams. They have come a long way—from about $2,000 per month of passive income to $44,000 (and even higher in some months). While some investment decisions don't always turn out well, they take the lesson from each mistake and move forward. Today, they show us the results of their journey. Top three things you will learn: Before you invest in anything, it is critical to know your Investor DNA What deals have Russ and Joey tried, and what were the results?How to build passive income streams that will lead you to financial freedomDecember 2023 Income At-A-Glance: Gross Income for December: $44,001.53Total Expenses for December: $12,850.14Total Net Profit for December: $31,151.39Difference b/t November & December: ($7,748.33)% of net profit to overall gross revenue: 71%Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Inner Circle LIVE April 4-6, 2024:https://go.wealthwithoutwallstreet.com/inner-circle-livePromo Code: PODCASTFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallExplore the World's Largest Car Sharing Marketplace:https://turo.com/Learn How to Invest in Real Estate with The Land Geek:https://www.thelandgeek.com/Turn Active Income Into Passive Income:https://go.wealthwithoutwallstreet.com/pios Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizSubscribe to Our YouTube Channel:https://www.youtube.com/@WealthWithoutWallStreetCheck Out Our Monthly Passive Income Reports: https://www.wealthwithoutwallstreet.com/passive-incomeDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermindSTACK Candles:https://www.stackcandles.com/—

These days, it’s possible for people to find events that satisfy their interests in cities around the world. No matter what you’re looking to get out of a live event, many people usually walk away having had the event exceed their initial expectations.While some people get intimidated by live events, those brave enough to attend will find that there’s so much to gain, just like what happened in the recent Inner Circle Live event. If you were not able to join, here’s your opportunity to hear what transpired, and maybe that will encourage you to attend the next event. In today's conversation, Russ, Joey, and the Financial Freedom Coaches share their biggest takeaways from the recent Inner Circle Live event, which focuses on the following:The power of connecting with people during live eventsHow to educate your family the fun way so you move together towards the same goal Different ideas that can jumpstart your journey to financial freedomDisclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Join the Next Inner Circle Virtual Event April 4-6, 2024:https://go.wealthwithoutwallstreet.com/inner-circle-livePromo Code: PODCASTTake advantage of a Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn Active Income Into Passive Income:https://go.wealthwithoutwallstreet.com/piosFind Out How Close You Are to Financial Freedom: https://go.wealthwithoutwallstreet.com/quizJoin the Wealth Without Wall Street Community: https://www.wealthwithoutwallstreet.com/communityDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/pathJoin the Passive Income MasterMind: https://www.wealthwithoutwallstreet.com/club200The Land Geek:https://www.thelandgeek.com/Invest With Your Friends and Family:https://www.tribevest.com/Know Your Investor DNA:https://go.wealthwithoutwallstreet.com/investordnaBecoming Your Own Banker by Nelson Nash:https://infinitebanking.org/product/becoming-your-own-banker/---Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: http://wealthwithoutwallstreet.com/inner-circle—

Buck Joffrey, a surgeon turned entrepreneur and investor, talks about transitioning from being a highly paid professional to becoming an entrepreneur. He discusses how reading 'Cash Flow Quadrant' transformed his perspective. They also discuss the importance of building a network and exploring entrepreneurship, the success in oral surgery, and the process of leaving a successful career.

In this podcast, the hosts discuss the reasons not to use a savings account for Infinite Banking Concept (IBC) and highlight the benefits of using a life insurance policy instead. They compare rate of return, loanability, and interest rates, emphasizing the advantages of insurance contracts. Additionally, they explore the concept of Infinite Banking and the importance of protection in saving money. The chapter also tackles the limitations of savings accounts and encourages listeners to challenge their biases for financial freedom.

CPA Mark Perlberg joins Russ and Joey to discuss common mistakes entrepreneurs make that lead to unnecessary taxes. They cover the importance of tax planning, turning active income into passive income, maximizing deductions for business owners and real estate investors, and the value of having your own bookkeeper.

Reflecting on the past year, the hosts discuss their biggest moments and lessons learned, including a deal gone wrong and a successful land business. They also explore real estate investing mistakes and the concept of infinite banking. Examples of using infinite banking in daily life and investments are shared, along with personal experiences of building passive income and upgrading lifestyles.

When faced with a challenging situation, what would you do if failure was not an option? It takes courage to take major leaps in life, but not taking action can lead to failure. In this episode, Dave Wolcott shares how he pivoted when he woke up in an unexpected scenario, going from having one child to having four children overnight. Discover how he quickly decided to change his financial situation to support his growing family. If you need inspiration to pursue your financial goals, this episode with Russ, Joey, and Dave is a must-listen. Top three things you will learn: Holistic Wealth Strategy from DaveHow to break free from the Wall Street mindsetHow to take positive action when faced with a difficult situationAbout Our Guest:Dave Wolcott is a serial entrepreneur, former Marine Captain, and the author of Holistic Wealth Strategy: A Framework for Building Legacy Wealth and Unlimited Freedom to Live an Extraordinary Life. He is the host of “Wealth Strategy Secrets of The Ultra-Wealthy.” Dave is also an active and passive investor in over 3,200 doors, 400 self-storage units, 160 oil wells, and Merchant Cash Advance assets with a combined value of over $2.5 billion across the US.Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Connect with Dave Wolcott:Website - https://holisticwealthstrategy.comJoin the Inner Circle LIVE: https://go.wealthwithoutwallstreet.com/inner-circle-livePromo Code: PODCASTFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermindJoin the Community:https://www.wealthwithoutwallstreet.com/communityTurn Active Income Into Passive Income:https://go.wealthwithoutwallstreet.com/pios Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportKnow Your Investor DNA:https://go.wealthwithoutwallstreet.com/investordnaInvest with The Land Geek:https://www.thelandgeek.com/Invest with Your Friends and Family:https://www.tribevest.com/wwwsThe CASHFLOW Quadrant by Robert Kiyosaki:https://www.richdad.com/cashflow-quadrant-fundamentalsThe Holistic Wealth Strategy by Dave Wolcott: https://holisticwealthstrategy.com/—

The hosts discuss their million-dollar insights from 2023, including lessons learned, deal flow, tax strategies, and the Infinite Banking Concept. They emphasize the importance of accountability, community, and the power of coaching. Learn how to transform active income into passive income and hear a success story involving a retired couple and short term horse rentals. The speakers reflect on mistakes made and the need to learn from others' experiences.

Learn how to grow passive income to 25% in 2024, find out about the hosts' investment criteria, and discover the importance of relationships in investing. Explore generating passive income through infinite banking, the passive income operating system, and income tax rates. Also, understand the criteria for affiliating with products.