The Wealth Without Wall Street Podcast

What is the most critical factor in starting or growing a business? Is it money or capability? What factors should you consider when thinking about investing in a company? Why would you gain out of joining Masterminds? These are just some of the topics that Russ, Joey, and Jayson Lowe discuss in today's episode. So if you want to know the answers to these questions, you're in the right place.Top 3 Things You’ll Learn:Which is more important - money or capability?What to look for before investing in a businessWhy it's important to have a mentor and be in a community of like-minded peopleAbout Our Guest:Jayson Lowe is a highly regarded coach, speaker, and advisor to individuals and business owners. He is the founder of Ascendant Financial Inc., where he leads a team of professionals committed to teaching people how to implement the Infinite Banking Concept (IBC). Jayson is internationally recognized as one of the leading educators and implementers of the Infinite Banking Concept (IBC). He co-authored The Bankers’ Secret, a Simple Guide to Creating Personal Wealth for Canadians.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 Jayson Lowe:Website - https://learnwithj.com/Inner Circle LIVE 2023:https://go.wealthwithoutwallstreet.com/innercirclelive-2August 25-27, 2023Promo Code: PODCASTFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallDiscover 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-mastermindWho Not How by Dan Sullivan: https://www.amazon.com/Who-Not-How-Accelerating-Teamwork/dp/1401962327/WTF?! (Willing to Fail) by Brian Scudamore:https://www.o2ebrands.com/mywtfbook/us—

A wise person makes his money work instead of him trading his time to earn money. But before putting your money to work, you need a place to accumulate it. Instead of putting it in banks, why not put it in whole life insurance policies and become your own bank? Today, Russ and Joey explore the human problems of becoming your own banker. Get ready to learn about Parkinson’s Law, Willie Sutton Law, The Golden Rule, The Arrival Syndrome, and Use It or Lose It. Understanding these principles will give you a deeper understanding of how you can better use your money and establish your financial system.In response to the requests to bring back the BYOB series, Russ and Joey continue their book review and discuss how you can create your own banking system. This episode is Part 7 of an 18-Part Series. Top 3 Things You’ll Learn:A luxury once enjoyed becomes a necessity.Money should be used to make more money.Infinite Banking is not a product - it's a way of life.About 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. 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.Becoming Your Own Banker by R. Nelson Nash:https://www.wealthwithoutwallstreet.com/ibcbookIBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy:https://www.youtube.com/watch?v=h4rugVZkajcThe Richest Man in Babylon by George S. Clason:https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111Wealth Without Wall Street Episode 61 - Look Up…The Tax Train is Coming!:https://www.wealthwithoutwallstreet.com/podcast/look-up-the-tax-train-is-comingSECURE 2.0 Act:https://www.finance.senate.gov/imo/media/doc/Secure%202.0_Section%20by%20Section%20Summary%2012-19-22%20FINAL.pdfFAKE by Robert Kiyosaki:https://experts.richdadworld.com/assets/files/rd_fake_0519.pdfJoin the Community:https://www.wealthwithoutwallstreet.com/communityFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn 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—

People define financial freedom in different ways. To some, it could mean they've fully paid all their debts. To others, it could be when they achieve a certain income or no longer worry about where to get the money for their day-to-day expenses. Regardless of your situation, we all wish for that day when we have built enough passive income streams that are more than enough to cover our expenses with some money left to invest. But there's no single path to financial freedom – there are many ways to reach your financial goals, and you just have to find the right direction for you. In today's episode, Russ and Joey discuss their Passive Income Report for May 2023 and some lessons they learned along the way. Tune in and discover an idea that could work for you.May 2023 Income At-A-Glance:  Gross Income for May: $80,337.54Total Expenses for May:$28,841.89Total Net Profit for May: $56,364.40Difference b/t April & May: ($3,113.06)% of net profit to overall gross revenue: 70%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.Play the best online investing game — CASHFLOW® Classic:https://www.richdad.com/products/cashflow-classicThe Art of Passive Income Podcast by Mark Podolsky:https://podcasts.apple.com/us/podcast/the-art-of-passive-income/id1125069143Learn 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/quizFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallBecoming Your Own Banker by Nelson Nash:https://www.wealthwithoutwallstreet.com/infinite-bankingSTACK 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—

Becoming your own banker seems like an incredible concept. But when you understand and implement it correctly, you will regain control over your money and recoup cash flow that would otherwise be lost if you were to put your money in traditional retirement accounts and other banks. Today, Russ and Joey continue their conversation around this concept and dive deep into the topic of creating your own banking system through life insurance. This episode will give you more information if you're still trying to wrap your head around the Infinite Banking Concept, so listen up!In response to the requests to bring back the BYOB series, Russ and Joey continue their book review and discuss how you can create your own banking system. This episode is Part 6 of an 18-Part Series. Top 3 Things You’ll Learn:Understanding the design of your policyIf you know what's going on, you'll know what to do.Where to put your money and how to set up your banking systemAbout 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. 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.Becoming Your Own Banker by R. Nelson Nash:https://www.wealthwithoutwallstreet.com/ibcbookIBC 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/communityFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn 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—

Whether you're a side hustler or an investor with extra money to start a new business venture, eCommerce is a great investment opportunity. Even if you don't know anything about running an eCommerce business, it's possible to invest in it. In this episode, Russ and Joey discuss the possibilities of investing in a new asset class available passively to investors. Mike Vranjkovic, Managing Partner of WebStreet, joins them to hash out the details. Top 3 Things You’ll Learn:Making tough decisions that will change the course of your life for the betterHow to invest in eCommerce businesses even if you don't know anything about itA unique way of generating cash flow passivelyAbout Our Guest:Mike Vranjkovic is the Managing Partner of WebStreet (formerly Empire Flippers Capital). This platform empowers investors to diversify their investments into passive and cash-flowing portfolios of online content sites, Amazon storefronts, and micro SAAS businesses (coming soon). 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 Mike Vranjkovic:Website - https://webstreet.co/Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn 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—

Do you know how banks make money? It is by lending money to borrowers at high-interest rates. So why not create your own bank? If you have extra money, would you rather put it in another bank or create your own bank? If you're going to buy a car or a property, would you borrow from someone else's bank and pay them the interest or borrow from your own bank and earn that interest? If you want to know how to establish your own bank, today's episode will give you some clarity.In response to the requests to bring back the BYOB series, Russ and Joey continue their book review and discuss the problem in Becoming Your Own Banker (BYOB). This episode is Part 5 of an 18-Part Series. Top 3 Things You’ll Learn:How banks make moneyHow to become your own bankThe importance of investing in yourselfAbout 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. 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.Becoming Your Own Banker by R. Nelson Nash:https://www.wealthwithoutwallstreet.com/ibcbookIBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy:https://www.youtube.com/watch?v=h4rugVZkajcThe Richest Man in Babylon by George S. Clason:https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111Join the Community:https://www.wealthwithoutwallstreet.com/communityFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn 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—

Real estate has been a good investment for investors who wish to grow their capital and create wealth. One of the beautiful things about real estate investing is that there's more than one strategy that can be successfully used. When it comes to residential real estate, there are two main types of properties that one can invest in—single-family and multifamily.If you want to invest in multifamily properties, today's episode with Robert Pereira of ARC Multifamily Group has a lot of valuable information for you. Top 3 Things You’ll Learn:Why it's important to learn from subject matter experts3 Reasons why multifamily will fail in the next five years3 Ways to invest in multifamily propertiesAbout Our Guest:Robert Pereira is the Managing Partner of ARC Multifamily Group, which owns and operates multifamily properties in the Southeast. He has overseen the acquisition and development of over 250 residential projects since 2008. In addition, Robert has raised over $25,000,000 of private capital from his network and managed over $120,000,000 of construction loans for these projects. Robert and his family reside in Newport Beach, California.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 Robert Pereira:Website - https://arcmf.com/Email - robert@arcmf.comWealth Without Wall Street Community:https://www.wealthwithoutwallstreet.com/communityFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn 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—

Do you realize what the problem is with the current banking situation? Chapter 4 of the book Becoming Your Own Banker illustrates this problem using the example of a 29-year-old man making $28,500 yearly after taxes and what he does with the after-tax income. Nelson also compares the situation to flying a plane. Tune in to fully appreciate the analogy and discover the most profitable thing you can do. In response to the requests to bring back the BYOB series, Russ and Joey continue their book review and discuss the problem in Becoming Your Own Banker (BYOB). This episode is Part 4 of an 18-Part Series. Top 3 Things You’ll Learn:How to analyze your financial situation and create solutionsCreating and expanding your financial systemLearning to control your financial environment is the most profitable thing you can do.About 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. 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.Becoming Your Own Banker by R. Nelson Nash:https://www.wealthwithoutwallstreet.com/ibcbookIBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy:https://www.youtube.com/watch?v=h4rugVZkajcThe Richest Man in Babylon by George S. Clason:https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn 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-mastermindJoin the Community:community.wealthwithoutwallstreet.com/—

There are many things you can learn from billionaires. Today, you will discover three of those lessons. The world's ultra-rich come from diverse backgrounds, many of whom have started with little or no money at all. So how did they become super wealthy? What do these billionaires do differently? The critical insight here is that these billionaires knew where and how to invest, which Russ, Joey, and their guest, Ben Fraser, discuss in this episode.  Top 3 Things You’ll Learn:Business owners and billionaires are one of a kind.Billionaires love buying real assets, specifically real estate. Billionaires invest in alternative investments.About Our Guest:Ben Fraser is the Chief Investment Officer at Aspen Funds, where he combines his analytical nature with a passion for delivering outstanding client service and strong returns through out-of-the-box investments. With a professional background that spans over a decade, Ben has become an expert in the field of investment management and has worked for several reputable financial institutions.Ben is the co-host of the Invest Like a Billionaire podcast, where he joins his father, Robert, co-founder and CFO of Aspen Funds, along with co-founder Jim Maffuccio, to discuss economic trends and best practices for alternative investing.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 Ben Fraser:Website - https://aspenfunds.us/Podcast - https://www.thebillionairepodcast.com/An Exclusive Global Community of Ultra-High-Net-Worth Entrepreneurs, Investors, and Executives:https://tiger21.com/Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn 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—

Imagine you're married and own a grocery store. Where would your spouse and children shop–your store or somebody else's? Your store, of course! But which door would they choose to come out? Would they go out the back door, avoiding the cashier, or would they go out the front door and pay for the groceries like the rest of your customers? Your answer in this hypothetical scenario is critical to what happens to your business. In this episode, Russ and Joey use the same grocery store scenario to answer, “Why should I pay interest to borrow my own money?” Tune in to this eye-opening discussion. This episode is Part 3 of an 18-Part Series. Top 3 Things You’ll Learn:Think long-range.Don't be afraid to capitalize.When you use the money, don't steal it. Put the money back.About 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. 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.Becoming Your Own Banker by R. Nelson Nash:https://www.wealthwithoutwallstreet.com/ibcbookIBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy:https://www.youtube.com/watch?v=h4rugVZkajcFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn 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—