The Wealth Without Wall Street Podcast

#226: How would you summarize your 2021? Are you happy with what you have accomplished, or do you feel like a failure? Would you have done differently? These are just a few questions that might have come up as the year ended. In today's episode, Russ and Joey take us through the highlights of their financial freedom journey and what plans they have for the future. As they share the lessons they have learned with each undertaking, they hope to inspire more people to take action and start the journey to financial freedom. If you are tired of trading your time for money, this episode is for you. December 2021 Income At-A-Glance:  Gross Income for December: $111,258.30Total Expenses for December: $60,431.66Total Net Profit for December: $50,826.64Difference b/t November & December: $14,048.12% of net profit to overall gross revenue: 46% 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.Start Your Journey to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportDiscover the 3 Factors to Supercharge Your Passive Income to 200%: https://www.wealthwithoutwallstreet.com/club200

What would you do if you suddenly lucked into a large amount of cash? Would you pay off your debts immediately or invest the money? Would your action change if your goal is to be financially free? There's no straightforward way to answer this question because there are different factors to consider. Many people think that true financial freedom can only be achieved once you have paid off your loans. And while Infinite Banking is becoming popular in the financial circle, many people still haven't fully understood its role in achieving financial freedom. So tune in while our coaches discuss if you should pay off your loans before starting your IBC journey! 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.---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: https://wwws.link/inner-circle-sign-upGet valuable resources inside the Wealth Without Wall Street Community including the course Paying Down Debt Like a Boss:https://www.wealthwithoutwallstreet.com/community

#225: Is 2022 going to be the year when you can finally quit your corporate job and live life according to your terms? Wherever you are in your financial freedom journey, this episode will inspire you to accelerate your financial goals. Tune in as Russ, Joey, and their good friend, The Land Geek Mark Podolsky, talk about supercharging your financial freedom goal.Mark is a former Investment banker living a crazy high-pressure lifestyle in Phoenix. Like many of his colleagues, he liked the idea of investing in real estate. So the next time Mark earned a commission, he went down to a tax sale auction and ended up buying a property with his commission. From then on, he put everything he had into buying land until he was able to quit his job to go into the real estate business full-time. He now teaches others the most current and relevant “real world” land investing methods to help them achieve their financial goals.  Top 3 Things You’ll Learn: What is financial securityWhy you need to aim for 200% passive incomeThe three most important things to consider when building wealth About Our Guest:Mark Podolsky is the author of Dirt Rich, the ultimate guide to helping you build a passive income. and owner of Frontier Properties, a reputable and successful land investing company. Mark has been buying and selling land full-time since 2001 and has completed over 5,500 land deals with an average ROI of over 300% on cash flips and over 1,000% on the deals he sells with financing terms.His entrepreneurial journey changed Mark’s life in so many positive ways that he decided to teach, coach, and mentor others to help them achieve their financial goals. 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 Mark Podolsky: Website - https://www.thelandgeek.com/ and https://www.frontierpropertiesusa.com/Discover the 3 Factors to Supercharge Your Passive Income to 200%: https://www.wealthwithoutwallstreet.com/club200

What is Infinite Banking and how does it work? Will it work for me? What is the first thing I need to do? Why is it important on my journey to financial freedom? Nelson Nash discovered the Infinite Banking Concept in the 1980s and he wrote about it in his book Becoming Your Own Banker. As Infinite Banking gains popularity in the financial world, many people still find it difficult to conceptualize. If you’re trying to understand if Infinite Banking is right for you, this episode will shed light on what you need to know. So, tune in to today's round table as the coaches go back to the basics of Infinite Banking. 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.---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: https://wwws.link/inner-circle-sign-upStart your journey to Financial Freedom with the Pathfinder Course: https://www.wealthwithoutwallstreet.com/passport

#224: Why do rich people continue to get richer? It's because they think differently and they know how to protect their assets while generating more wealth. The more you accumulate wealth, the more you need proper legal protection. Lawsuits can ruin your business and everything you've worked for. So it is important to have strategies to protect yourself before it's too late. In this episode, Russ and Joey interview an experienced Asset Protection Lawyer Scott Royal Smith, founder of Royal Legal Solutions. Scott talks about how asset protection prevents lawsuits from wiping out your assets. His company crafts customized asset protection plans, from before a case occurs to after a judgment has been concluded.Top 3 Things You’ll Learn: Why it's better to control assets instead of owning themWhat is an LLC, and how does it workHow to protect your assetsAbout Our Guest:Before establishing Royal Legal Solutions, Scott Smith was an aggressive litigator. He uses a combination of his legal expertise, experience as an investor, and love of helping others grow and protect their businesses to build ironclad asset protection plans for his clients. Clients who employ Scott's strategies tend to stay out of court altogether. His primary expertise is in stopping lawsuits before they even start.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 Royal Smith: Website - https://royallegalsolutions.com/

There's a famous quote that says, “If you don't know where you are going, you'll end up someplace else.” As the new year begins, people start planning their goals for 2022. But not everyone will be where they want to be by year-end. It is easy to get distracted. So what can you do to stay focused? In today's round table, the coaches talk about their GPS (Goal, Plan, Support) and how each step is important in helping you reach your financial freedom goals.If you're not sure about the things you need to focus on, check the hierarchy of wealth. Then, take advantage of the resources shared by Russ and Joey to get you moving in the right direction. 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.---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: https://wwws.link/inner-circle-sign-upStart your journey to Financial Freedom with the Pathfinder Course: https://www.wealthwithoutwallstreet.com/passportTake advantage of a Free Financial Strategy Call:https://www.wealthwithoutwallstreet.com/freecall

#223: Our life experiences have an immense impact on our choices. Great things happen when you choose to learn and act positively from what life throws at you. That’s the story of today’s guest, Chris Larsen, founder and Managing Partner of Next-Level Income. Chris learned how to think like an investor and take calculated risks at an early age. This principle helped him achieve financial success.  Chris wrote his book, Next-Level Income, to illustrate that the goal of investing shouldn’t be just about money – it’s more about the search for financial freedom and the freedom that it can provide in your life. There’s so much wisdom in this episode, let’s dive in. Top 3 Things You’ll Learn: The value of reading books How to start investing in real estate with little to no money How to have true financial independence and live life to the fullest About Our Guest:Chris Larsen is the founder and Managing Partner of Next-Level Income. Since retiring after 18 years in the medical device industry, he has dedicated his time to helping others become financially independent through education and investment opportunities. In addition, Chris has been investing in and managing real estate for over 20 years. While completing his degree in Biomechanical Engineering and MBA in Finance at Virginia Tech, he bought his first single-family rental at age 21. After that, Chris expanded into development, private lending, buying distressed debt and commercial offices, and ultimately syndicating commercial properties. He began syndicating deals in 2016 and has been actively involved in over $500M of real estate acquisitions. In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC, where he loves spending time with them outdoors and enjoying the food and culture that the region offers. 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 Chris Larsen: Website - https://www.nextlevelincome.com/Short-Term Rental Course - https://go.wealthwithoutwallstreet.com/strGet Chris Larsen’s free book Next Level Income - https://www.nextlevelincome.com/book

What does financial freedom mean to you? While you’ve probably heard that it means your passive income is greater than your expenses, that does not mean you can live the rest of your life aimlessly because you won’t have to worry about anything. On the contrary, financial freedom means you can pursue a more meaningful life, a lifestyle that fills you with joy. So, where are you on your journey? Are you satisfied with what you have accomplished so far? Why not take a moment to pause and ask yourself, “Am I on the Right Path to Financial Freedom?” Tune in to this episode to hear what our coaches have to say about this question. 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.--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: https://wwws.link/inner-circle-sign-upStart your journey to Financial Freedom: https://www.wealthwithoutwallstreet.com/passport

#222: It's the season of reflection, thanksgiving, and celebration. So as we wrap up the year, join us as we celebrate our wins of 2021 and set a compelling vision for 2022. Let's aim to live life ON purpose!As part of Russ and Joey’s mission to educate and inspire people to live meaningful lives while working to achieve financial freedom, they continue to share their monthly passive income reports. They started doing this 18 months ago, and now we see how far they have come. While we see a dip in their income for November, a $45K net passive income for one month is still impressive. With the majority of profits coming from the land business and short-term rentals. They also share exciting developments in unique investment opportunities like STACK Candles and possibly ATMs for BTC. So, continue following their journey to get inspiration. Better yet, why not start your own path to financial freedom? November 2021 Income At-A-Glance:  Gross Income for November: $114,702.92Total Expenses for November: $69, 373.27Total Net Profit for November: $45,329.65Difference b/t September & November: ($22,236.99)% of net profit to overall gross revenue: 39.52% 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.Learn more about Real Estate Investing from The Land Geek: https://www.thelandgeek.com/Visiting Birmingham? Find Your Perfect Stay:https://www.wakeupinbirmingham.com/Give the Gift of Fragrance: https://www.stackcandles.com/Rent or list a vehicle:https://overlandrentals.com/Join the Passive Income MasterMind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermindStart your journey to Financial Freedom: https://www.wealthwithoutwallstreet.com/passport

Nelson Nash, author of "Becoming Your Own Banker," shares insights on creating a family banking system that offers financial freedom without reliance on traditional banks. He discusses the concept of infinite banking, emphasizing its potential for generational wealth and legacy building. Nash highlights the importance of financial literacy within families, the transformative role of life insurance, and the need to nurture financial relationships. His wisdom encourages listeners to rethink money management and embrace true wealth.