The Wealth Without Wall Street Podcast

There’s nothing worse than hitting a roadblock when you’re trying to do the right thing to protect your family, right? For instance, you're trying to purchase a life insurance policy, but your application gets declined. What would you do? There are options out there, so don't give up just yet. In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today, they talk about how you can take advantage of setting up your infinite banking system even when you are uninsurable. This is an eye-opening conversation, so take advantage of this episode!This episode is Part 17 of an 18-part Series. Top 3 Things You’ll Learn:What are your options if you are uninsurable?What to do when you inherit a life insurance policy on your own lifeEducating your children about IBC is a greater legacy compared to monetary inheritanceAbout R. Nelson Nash:R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Take advantage of the FREE Financial Strategy Call: https://go.wealthwithoutwallstreet.com/free-financial-callBecoming Your Own Banker by R. Nelson Nash:https://www.wealthwithoutwallstreet.com/ibcbookThe Infinite Banking Concept Explained by a CFP:https://www.youtube.com/watch?v=sVuexMv6Kf4IBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy:https://www.youtube.com/watch?v=h4rugVZkajcJoin the Community:https://www.wealthwithoutwallstreet.com/communityTurn Active Income Into Passive Income:https://www.wealthwithoutwallstreet.com/PIOS Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind—

Who would you ask for advice if you want to feel better educated about investing and business and increase your odds of getting great investment results? How do you access the secrets investors won't usually tell you?Today's episode takes you behind the scenes of a private conversation between Russ and Joey and two of their trusted friends and business partners, Sharran Srivatsaa and Mark Podolsky. It's your chance to learn what experienced investors know so you can use the same insights in your investing journey. Top 3 Things You’ll Learn:The secrets most investors don't always shareWhat the secrets mean to everyday investorsHow to partner with people and why it's better to invest with a group instead of going soloAbout Our Guests:Sharran Srivatsaa is the President of Real (NASDAQ: REAX), the world's fastest-growing, publicly-traded real estate brokerage. He is also a 4x Inc. 500 Entrepreneur, investor, and mentor to top CEOs & influencers. Sharran is also an accomplished “deal guy” and private equity investor. He is the Chairman of private equity firm Highland Prime, which focuses on investing in service businesses, and ARC Multifamily Group, which focuses on value-add multifamily investment projects.Mark Podolsky (a.k.a. The Land Geek) has been buying and selling raw land full-time since 2001. He is the author of Dirt Rich, the ultimate guide to helping you build a passive income model in raw land investing. Mark's passion for investing in land, creating wealth efficiently, and helping others develop their inner geeky entrepreneur has led him to do two things he never expected to do: hosting a podcast and coaching and mentoring a growing community. Connect with Guests:Sharran Srivatsaa - https://sharran.com/Mark Podolsky - https://www.thelandgeek.com/The Passive Income Retreat:https://go.wealthwithoutwallstreet.com/passive-income-retreat-2023-denver-coInvest With Your Tribe:https://www.tribevest.com/wwwsBecoming Your Own Banker by Nelson Nash:https://www.wealthwithoutwallstreet.com/infinite-bankingFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallJoin the Community:https://www.wealthwithoutwallstreet.com/communityDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportTurn Active Income Into Passive Income:https://www.wealthwithoutwallstreet.com/PIOS Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind—

Why do people go to college? Is it worth it? While people may debate the value of a college education in today’s economy, many believe that a college education is a crucial investment that can transform one’s life in countless ways.In this episode, Russ and Joey discuss the cost of getting a college education and the earning potential of a college graduate vs. the future of someone who did not go to college but got a different education to serve them for life. If you are a parent preparing to send your child to college, tune in to help you decide if this is what you really want for your child and what option you have to get your child ready for the real world.In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today, they discuss the value of going to college. This episode is Part 16 of an 18-Part Series. Top 3 Things You’ll Learn:Is getting a college degree worth it?What is the alternative to going to college?The benefit of learning from mentors and putting your money in an insurance policyAbout R. Nelson Nash:R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallBecoming Your Own Banker by R. Nelson Nash:https://www.wealthwithoutwallstreet.com/ibcbookThe Infinite Banking Concept Explained by a CFP:https://www.youtube.com/watch?v=sVuexMv6Kf4IBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy:https://www.youtube.com/watch?v=h4rugVZkajcJoin the Community:https://www.wealthwithoutwallstreet.com/communityTurn Active Income Into Passive Income:https://www.wealthwithoutwallstreet.com/PIOS Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind—

Are you financially prepared for the upcoming crash? Where have you been putting your money? As you start building wealth, you must always look for ways to bring in new sources of passive income. Join Russ and Joey as they discuss how much they earned in July for each income stream they have. Learn from their mistakes so you can avoid doing the same things. Discover what works and what doesn't work.  Top three things you will learn: The five things needed to do a dealWhat Russ and Joey have tried and learned so farWhat strategies will work and will not work during a market crash?If you want to make sure you have passive income even if a recession hits, this episode is for you. July 2023 Income At-A-Glance:  Gross Income for July: $78,853.25Total Expenses for July:$33,997.57Total Net Profit for July: $49,474.13Difference b/t June & July: ($25,907.81)% of net profit to overall gross revenue: 63%The Passive Income Retreat:https://go.wealthwithoutwallstreet.com/passive-income-retreat-2023-denver-coInvest with Your Family and Friends:https://www.tribevest.com/partners/wwwsFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallLearn How to Invest in Real Estate with The Land Geek:https://www.thelandgeek.com/Turn Active Income Into Passive Income:https://www.wealthwithoutwallstreet.com/PIOS Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizSTACK Candles:https://www.stackcandles.com/Subscribe 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/passportShort-Term Rentals in Birmingham:https://wakeupinbirmingham.com/Short-Term Rental Course:https://www.wealthwithoutwallstreet.com/strcourseApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind—

The podcast explores the importance of long-range thinking and leaving a lasting legacy. They review 'Becoming Your Own Banker' and discuss the value of knowledge in creating wealth. They explore the rise and fall of Commodore Vanderbilt's fortune. They emphasize the significance of understanding money and thinking ahead in building wealth. They introduce the concept of infinite banking and its potential for generational wealth. They highlight success stories and the importance of community in building wealth for future generations.

Geraldine Serrano, a tax consultant specializing in cost segregation analysis, explains the benefits of cost segregation and its application for real estate investors. The podcast covers the types of properties that qualify for cost segregation, the importance of physical inspections, and timing for maximum tax savings. The hosts encourage engagement and provide Geraldine's contact information for inquiries

Discover the true cost of buying something and how to reduce your cost of acquisition by becoming your own banker. Learn about the importance of control in real estate investing and the significance of having access to money for making financial decisions. Explore the limitations of self-directed IRAs and the misconception of focusing solely on the rate of return.

How do you know if your business idea is good? Is it better to start a business from scratch or buy an existing business? In this episode, Russ and Joey discuss these things with Aaron Shumaker, who began his journey volunteering on his college campus. Years later, he founded two successful businesses and sold his startup for a massive sum. Today, he shares his $100M Entrepreneurial Framework and the lessons he learned. So if you're interested in starting a business or becoming a better entrepreneur and investor, this episode is for you. Top 3 Things You’ll Learn:How to become a better entrepreneur and investorExploring entrepreneurial ideas and turning them into realityHow to know when to sell your business and what to do after thatAbout Our Guest:Aaron Shumaker is a successful entrepreneur, investor, and business mentor. He is the Founder & Managing Partner at Q9 Ventures and the Founder & Chairman at Frontpoint (exit to Private Equity). Connect with Aaron Shumaker:Instagram - https://www.instagram.com/ashumaker/Unconventional Acquisitions:https://unconventionalacquisitions.com/Wealth Without Wall Street Podcast: Buying Online Businesses for Profit with Sophie Howard: https://www.wealthwithoutwallstreet.com/podcast/buying-online-businesses-for-profit-with-sophie-howardInner Circle LIVE 2023: August 25-27, 2023https://go.wealthwithoutwallstreet.com/innercirclelive-2Promo Code: PODCASTFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallJoin the Community:https://www.wealthwithoutwallstreet.com/communityDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportTurn Active Income Into Passive Income:https://www.wealthwithoutwallstreet.com/PIOS Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind—

The hosts discuss the drawbacks of traditional retirement planning, including little money left to save. They explore the retirement trap, critique flaws in retirement systems, and emphasize income generation through value creation. They address concerns about taxing whole life insurance and potential pitfalls of self-directed IRAs. Joining the IBC inner circle provides access to valuable information and emphasizes taking control of your own money. The dangers of government-sponsored schemes like pension plans and IRAs are discussed, along with the negative effects of retirement on longevity.

Wouldn't it be great to have the choice to keep working or retire early and still have money coming in? Today's guest was able to exercise this freedom of choice, and he will share how he left his high-paying job and went all-in to becoming a real estate investor. Tune in to discover if the path he took is something you would want to follow. Discover how to start finding profitable deals and investing in properties even when you don't have enough money for capital. Top 3 Things You’ll Learn:Two ways to participate in a dealHow to raise capital to finance a dealMaking the hard decision to leave a well-paying job About Our Guest:Bronson Hill was a highly-paid consultant for a medical device company. He worked with physicians who made millions of dollars each year (literally!) but were working 60-80 hours a week, and Bronson didn’t envy them. Yes, they were making a lot of money but trading much of their time. He wanted to make his money work harder to have the freedom to spend his days how he wanted.In his journey, Bronson discovered that high-earning individuals could reduce their taxes and eventually replace their work income with cash flow through alternative investments (outside of Wall Street). He believes true financial freedom is when you can scale your passive cash flow without limiting your time. Today, Bronson continues to build his wealth through multifamily syndications. Connect with Bronson Hill:Website - https://bronsonequity.com/How to Use Inflation to Your Advantage: https://bronsonequity.com/Inner Circle LIVE 2023: August 25-27, 2023https://go.wealthwithoutwallstreet.com/innercirclelive-2Promo Code: PODCASTFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallJoin the Community:https://www.wealthwithoutwallstreet.com/communityDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportTurn Active Income Into Passive Income:https://www.wealthwithoutwallstreet.com/PIOS Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind—