The Wealth Without Wall Street Podcast

#221: How do you ensure your family is protected even after you’re gone? Estate planning is a delicate subject that requires careful planning. To help us understand it better, Russ and Joey bring back Andrew Howell, Co-Founder of the law firm, York Howell & Guymon. Andrew’s practice focuses on estate planning, asset protection, and tax planning. While the conversation revolves around legal matters, they’ve made the discussion fun and easy to understand. Top 3 Things You’ll Learn: Why it's important to protect your assetsBe careful whom you do business withDon't do anything foolish About Our Guest:Andrew Howell is a Co-Founder of the Salt Lake City law firm York Howell & Guymon, one of the fastest-growing law firms in Utah. He holds an AV Preeminent Rating with Martindale-Hubbell and has built a successful practice throughout the United States. Andrew’s practice focuses on ultra-high net worth families and business owners who need help with estate planning, asset protection planning, probate, estate administration, charitable giving, sophisticated business structuring and transactions, and tax planning.He is also the co-author of Entrusted: Building a Legacy That Lasts, which features seven core disciplines of successful wealth transfer of high-net-worth families going back hundreds of years. In addition, Andrew recently finished co-authoring a follow-up book, Riveted: 44 Values That Change the World. When not in the office, Andrew enjoys vacationing in Montana with his beautiful wife, Candice, and their three children, Thomas, Harrison, and Madeline. He is also an avid fly fisherman, hunter, and skier and loves to be outdoors with his family.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.Listen to the previous episode with Andrew:Episode 86: Throw Out Your Will and Start Over with an Entrusted Plan w/Andrew HowellConnect with Andrew Howell: https://www.yorkhowell.com/ and https://entrustedplanning.com/

As we approach the end of another unique year, it's good to look back so we can look ahead. In today's episode, Russ and Joey take us back to the origin of the Infinite Banking Concept. This multi-generational wealth-building system can change your life when you understand it. The concept is explained in the book "Becoming Your Own Banker" by R. Nelson Nash, known as The Father of Infinite Banking. The book has sold thousands of copies and helped countless families achieve financial freedom.R. Nelson Nash is not a typical investment banker or financial strategist. He worked as a forester in North Carolina for several years and spent 30 years flying with the Army National Guard. So how did he uncover this infinite banking gem? That's what you are about to hear from the man himself. If you're ready to discover an exciting new financial world, you're going to love this episode. 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.

#220: What are your biggest regrets in life? If you had to start over, would you do things differently? Today's guest, J Scott, talks about a costly lesson he learned from his house flipping days and perhaps the biggest regret, all while cashing in thousands of dollars flipping houses. J Scott is an entrepreneur with 25 years of experience in multiple industries and host of The BiggerPockets Business Podcast. He is also the author of four investment books, where he shares a wealth of wisdom gained from over two decades of experience in different business ventures.  Top 3 Things You’ll Learn: The benefits of long-term investments vs. short-term venturesThree ways to make money in real estateIt’s better to collect equity than to collect material items (that you probably won’t need in the future) About Our Guest:J Scott is an entrepreneur with 25-years of experience in the consumer software, electronics, service, and real estate industries. He has worked as Director of Product for several Fortune 500 technology companies and is the founder, partner, and advisor in several organizations. In addition, J Scott is also a multifamily investor, angel investor, and author of four investment books.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 J Scott: https://linktr.ee/jscottinvestor

If you had 500 million dollars in cash, where would you put it to get the highest return? You wouldn't want to put it in a savings account that earns very little interest, right? That was the dilemma of BILLIONAIRE Michael Saylor. He had a lot of cash, but he could not allow it just to sit around and wait for inflation to eat it up. In today's conversation, the coaches answer the question, “Why are you trying to put all of your income into a life insurance policy?”  Going back to the idea behind the book “Becoming Your Own Banker” by Nelson Nash, one of the responses was, “If you own the bank, wouldn't you want to put all your money in it?” In his book, Nelson talks about the use of whole life insurance policies that earn dividends which increases the policy’s cash value over time, and how owning such policies allows an individual to control his cash flow. Follow along in the discussion and let us know what you think. 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://go.wealthwithoutwallstreet.com/passport

#219: If you’ve been listening to our podcast, then you’ve probably heard some of our guests talk about how real estate has turned them from ordinary 9 to 5 people, to earning 7-figures with passive income. They’ve shared multiple ways to start, even when you don't have money for capital. Today's guest shares how to ethically get other people's money to work for you and that you don't have to start HUGE; you just have to start. He started his first investment by buying a fourplex, living in one unit, and renting out the rest. Then continued to multiply what he had. In this week's episode, Russ and Joey interview Keith Weinhold, Founder of Get Rich Education and host of the Get Rich Education podcast. Keith has been an active income property investor since 2002 and a member of Forbes Real Estate Council. In addition, he is the author of 7 Money Myths That Are Killing Your Wealth Potential (Amazon #1 Bestseller).  Top 3 Things You’ll Learn: How to ethically get other people's money to work for youThe big difference between being a real estate investor vs. being a landlordLearning to let go of tasks that are not serving you and allowing an expert to do it for you About Our Guest:Keith Weinhold, Founder of Get Rich Education, has been an active income property investor since 2002 and a Forbes Real Estate Council member. He is the author of 7 Money Myths That Are Killing Your Wealth Potential (Amazon #1 Bestseller). Keith also hosts the Get Rich Education podcast. Keith started real estate investing even before he was ready and learned from there. He bought a fourplex, renting out three units while living in the same property. Keith learned how to deal with tenants until he could find a property manager. He then moved on to investing in more properties, and he now teaches wealth-building strategies to others. 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.Resources:Free Course - https://www.getricheducation.com/free-course/Podcast - https://www.getricheducation.com/Podcast/YouTube - https://www.youtube.com/c/GetRichEducationConnect with Keith Weinhold:Website - https://www.getricheducation.com/Email - keith@getricheducation.com

Many people trade their time for money, working 60 or more hours a week for a decent paycheck. Others sacrifice money for freedom working fewer hours and making less than they could, to have time for personal pursuits. What if you didn't have to choose between time or money? How would you design your perfect day? There's a way to build a career that allows you to be in control of your time while becoming financially free. So why not take action. Identify what really matters to you and you will start to see ideas for how you might be able to change your typical day for the better. Find inspiration from these very successful financial freedom coaches and how they spend their days.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://go.wealthwithoutwallstreet.com/passport

#218: Never give up. That has been the driving force for Larry Murray,  founder of Ivory Wolf Properties, LLC which specializes in multi-family real estate investments. Before working with Joey Mure, Larry was like most people, working hard and saving every penny he could, but never really getting closer to his goal of financial freedom. He initially had hesitations about IBC because of its link to the insurance policy, until he met with Joey and heard what he had to say. And that became the genesis of his meteoric launch to success. In today’s episode, Larry will walk us through how he learned about IBC and how learning from the Wealth Without Wall Street community led him to become a successful real estate investor. His story is a testimony to the value of taking action and working with mentors to get you closer to financial freedom. Top 3 Things You’ll Learn: Education is one of the most powerful tools on your path to financial freedom How IBC can help you finance your investment and huge purchasesHow to set an excellent example for your kids and set them up for success About Our Guest:Larry Murray is the founder of Ivory Wolf Properties, LLC which specializes in multifamily real estate investments. He brings together teams of operators and investors to purchase a multifamily property, improve it and reposition it to generate long-term cash flow while providing quality affordable housing.  Along with multifamily real estate investing, Larry is a decorated senior Captain with Montgomery County Fire and Rescue Services in Maryland.  He also has experience as a licensed home inspector in Maryland and several years of experience working with contractors doing construction from the ground up,  specializing in remodeling kitchens and bathrooms.  He is a former Marine and former member of the Air National Guard.  Larry is committed to helping other people.  With this business, he works hard to help investors create passive income while at the same time providing quality affordable housing for residents in our properties. 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 Larry Murray:Website - https://www.ivorywolfproperties.com/Facebook - https://web.facebook.com/ivorywolfpropertiesEmail - ivorywolfproperties@gmail.com

“It’s not about how much time you have. It’s about how effectively you manage your time.” - R.L. Adams Are you paying attention to how you spend your time each day? Is the way you're spending your time getting you closer to or further from financial freedom? Not all tasks and events that demand your attention are equally important, and you can’t do everything, even if you want to. Hence, challenge yourself to prioritize doing the things that will help you achieve your financial goals. To do that, you have to be very clear about your plans. Today’s conversation is an eye-opener. Unlike other resources, we cannot replace time once it’s gone. And often, it’s too late when people realize what they have missed. So, take a closer look at what you do each day and see if those things are moving you closer to your 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.--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://go.wealthwithoutwallstreet.com/passport

#217: Having multiple passive income streams allows you the freedom to choose how you want to spend your time. You no longer have to trade your time for money. It has been Russ and Joey’s goal to help others on their journey to financial freedom, which is why they've been sharing their monthly passive income report -- to encourage you to take action and start building your passive income. As they share their investments, they also share the challenges and lessons they’ve learned. If you're considering where to put your money, the biggest and most consistently profitable investment they have made is in the short-term rental economy. Take a look at the rest of their ventures as you enjoy another episode of the monthly passive income report. October 2021 Income At-A-Glance:  Gross Income for October: $123,851.59Total Expenses for October: $56,284.95Total Net Profit for October: $67,566.64Difference b/t October & September: $27,196.89% of net profit to overall gross revenue: 55% 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.To learn more about land flipping, listen to two previous episodes: Why Land Flipping Is A Viable Option For Building Wealth And Generating Passive Income w/Mark Podolsky: https://www.wealthwithoutwallstreet.com/podcast/why-land-flipping-is-a-viable-option-for-building-wealth-and-generating-passive-income-w-mark-podolskyHow to Earn $15K a Month Land Flipping with Sid Christensen: https://www.wealthwithoutwallstreet.com/podcast/how-to-earn-15k-a-month-land-flipping-with-sid-christensenLearn more about Real Estate Investing from The Land Geek: https://www.thelandgeek.com/Join the Passive Income MasterMind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind

With what's been happening for the last two years, the fear of economic collapse is rising. Although no one can predict precisely when the next recession will hit, we can be sure that we will experience an economic crash at some point. The question is, how are you preparing for it? This is the topic of today's conversation, so don’t miss out! You do not want to be left unprepared and unable to provide for your family when a recession happens. Painful as they are, recessions are a natural part of the business and economic cycle. But there are also opportunities waiting for those who are willing to take action. The best way to prepare is by being proactive. Take advantage of the practical takeaways in today’s episode. 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-upTake advantage of a Free Financial Strategy Call:https://www.wealthwithoutwallstreet.com/freecall