The Wealth Without Wall Street Podcast

By Russ Morgan & Joey Muré
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Feb 29, 2024 • 28min

14 Passive Income Ideas: How We Made $34k in a Month

How in the world can someone have 21 different passive income streams when many people don't even have one? Today, you will know the answer to that question. Join Russ and Joey as they go over each of their investments and report their passive income, as they do every month. They also discuss how much money you need and how you can gather insights about each type of investment so you can begin building your passive income. Top three things you will learn: -Different passive income ideas -How much money you would need to invest-Where to get insights about each investment type January 2024 Income At-A-Glance: Gross Income for January: $45,184.29Total Expenses for January: $10,978.13Total Net Profit for January: $34,206.16Difference b/t December & January: $3,046.77% of net profit to overall gross revenue: 76%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.💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—
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Feb 27, 2024 • 39min

Round Table | Investing in Your Kids

Parents, do you realize you only have 18 summers with your kids? After that, you have to let them go. How are you making the most of your limited time with them? How are you teaching them the skills they need to become independent? Are you investing in your kids? Join Russ, Joey, and the financial freedom coaches as they discuss the following:-The importance of spending quality time with your kids-Activities and questions you can ask your kids to discover their interests -Teaching your kids about entrepreneurship and how to be financially independentDisclaimer: 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.💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—
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Feb 22, 2024 • 33min

3-Step Guide to Travel for Free with Eli Facenda

Learn how to travel for free in business class with expert tips from Eli Facenda. Discover strategies to maximize point earnings, redemptions, and travel perks. Get insights on how to turn active income into passive income and achieve financial freedom through smart travel planning.
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Feb 20, 2024 • 37min

Round Table | Is a 401(k) Really a Good Retirement Plan?

Most of the American workforce automatically enrolls in a company retirement plan such as 401(k) without a second thought because they have been told it’s the best way to plan for retirement. Tax deferral plus an employer match seem like obvious reasons to believe it's a wise investment. But is a 401(k) a good retirement plan? Are there creative ways to build wealth without putting money into qualified retirement plans? Fortunately, there are better options. Join Russ, Joey, and the financial freedom coaches as they discuss the following:-Why qualified plans are not the best place to put your money-What does pulling your money out of your 401(k) or IRA look like?-Better ways to achieve financial freedom instead of relying on traditional plansDisclaimer: 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.💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—
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Feb 15, 2024 • 35min

The Rookie's Ultimate Guide to Multifamily Real Estate Investing with Gino Barbaro

Real estate investing expert Gino Barbaro shares valuable insights on multifamily real estate investing, including the importance of understanding real estate as a business, comparing stocks and real estate, mindset and the psychology of money, and understanding investment criteria.
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Feb 13, 2024 • 44min

Round Table | The Infinite Banking Concept Explained and How to Get Started

Learn about the Infinite Banking Concept and how it can help you achieve financial freedom. Discover how it generates passive income and optimizes your cash flow. Explore the benefits of the concept and the importance of surrounding yourself with smart people for financial success. Compare the Infinite Banking Concept to traditional investment strategies and understand its efficiency in managing finances.
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Feb 8, 2024 • 37min

Teaching Kids About Money With Scott Donnell

As a parent, you naturally want your kids to become ready to face the world. You strive to raise responsible and successful individuals. One of the skills they have to learn is financial responsibility. However, schools do not have it in their curriculum. So it is your responsibility to start teaching your children about money at home. The earlier they learn financial literacy, the greater the long-term impact. Parents have their way of enforcing financial responsibility on their children, like assigning homework or chores in exchange for money. However, there is a more effective way to teach kids about money, and that's what Scott Donnell will teach you in today's episode. Top three things you will learn: -The 3 E’s in the Home Economy (Expectations, Expenses, Extra Pay Opportunities)-The difference between being an entrepreneur and being entrepreneurial-How to teach your kids about value creationAbout Our Guest:Scott Donnell is the co-author of Value Creation Kid: The Healthy Struggles Your Children Need to Succeed. He established Apex Leadership Co, Hapbee Technologies, and the GravyStack™ banking app for kids and families. Since 2011, his companies have taught leadership, fitness, and financial competency to over 6 million kids nationwide. Scott lives in Phoenix with his wife, Amy, and their four kids.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 Scott Donnell:-Instagram - https://www.instagram.com/imscottdonnell/💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—
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Feb 6, 2024 • 45min

Round Table | How to Start an Airbnb Business in 2024

Are short-term rental properties a good investment? There are many factors to consider, but the short answer is YES, assuming you do it the right way. If you've never done it before but you're interested in jumping into the profitable world of short-term rentals (STR), this conversation is exactly what you need. Today's round table features STR Operator and STR Course facilitator Clint Lovette, who is also a professional remodeling contractor. He previously shared his expertise in managing short-term rentals in the podcast, and now he's back with more information to help you start an Airbnb business in 2024. In today's conversation, Russ and Joey go through the following items with Clint:-Is it a good idea to invest in STR in 2024?-Pros and cons of investing in the STR space-How to talk to property owners about renting their place 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.💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—
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Feb 1, 2024 • 45min

Are You Layoff Proof? with Emma Powell

If there's one thing that employees fear, it's getting terminated or laid off, especially when they have a family to support, and their job is their primary source of income. If you are in the same position, how do you overcome the constant fear of avoiding the next round of job cuts?Living in fear of losing your job can be crippling, but preparation is the best way to beat the panic. Today's guest, Emma Powell, has an inspiring story that will nudge you to take action and make yourself layoff-proof. Whether you follow her path or find your own path, you will soon have the freedom to choose to work on the things you are passionate about and live a more fulfilling life. Top three things you will learn: Steps to becoming layoff-proofHow to get the education you need to pursue your path to financial freedomChoosing the right team members to become successfulAbout Our Guest:Emma Powell is a seasoned commercial real estate investor specializing in multifamily properties. With a strong belief in the importance of knowledge and risk mitigation in investments, Emma has dedicated her time to mastering the art of passive real estate investing. Leveraging various financial tools, such as self-directed IRAs, 401(k)s, 1031 exchanges, dividend-paying whole life insurance, HELOCs, and discretionary income, Emma has successfully built a diverse portfolio while enjoying passive cash flow, tax advantages, and substantial returns.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 Emma Powell:-Website - https://risecapitalinvestments.co/ and https://riseclubcapital.com/💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—
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Jan 30, 2024 • 41min

Round Table | IBC Users Guide for Lines of Credit

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.

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