The Wealth Without Wall Street Podcast

When it comes to saving for retirement, most people rely on 401k and IRA. Also, most retirees think if they withdraw only 4% of their retirement money each year, they'll have enough to last a lifetime. But, that's not true in many cases. If you want to live confidently, both today and well into the future, you may have to reevaluate your financial plan. Figuring out the best retirement plan and withdrawal strategy involves many considerations like your current finances, future income, and life goals. Your plan may also change as your circumstances change.Also, why wait until you reach retirement age to enjoy the money you've been saving up when there's a way to do that today? If you want to learn how to make better financial decisions to secure your future, this episode is for you. 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-up

#191: How do you define financial freedom? For most people, it could mean having lots of money. On a holistic level, financial freedom is more than just accumulating money and being financially stable. Setting clear goals on what is important to you and your family will help to guide you in making sound financial decisions. For Russ and Joey, part of their goal is to have passive income that exceeds their monthly expenses and to teach others how to do the same. Tune in to another episode where they discuss the outcome of their revenue streams for April. They don’t just go over the numbers; they also break down the events that shaped their financial decisions. April 2021 Income At-A-Glance:  Gross Income for April: $101,071.52Total Expenses & Fees for April: $42,836.89Total Net Profit for April: $58,234,63Difference b/t April & March: $15,241.46% of net profit to overall gross revenue: 58% 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:Learn more about Real Estate Investing from The Land Geek: Mark Podolsky: https://www.thelandgeek.com

Over the last year, millions of American workers have experienced financial uncertainty caused by the sudden and unexpected loss of employment. So, where can someone access needed cash after exhausting stimulus checks and unemployment benefits? Congress responded through the CARES Act. Now you can withdraw up to $100,000 from your 401(k) and IRAs without the 10% penalty.  The question is: should you do it and what can you do with the money? It's a limited-time offer, so make sure you act before time runs out. Tune in for another educational talk that could guide you on the path to wise financial decisions. 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-up

#190: Getting your financial life in order is a goal that you should be doing early in life. But how exactly should you do that? Investing in 401k may be the default choice for you, but think again. Is there a better way to achieve time and financial freedom?. Tune in to hear the story of another Wealth Without Wall Street Community member Jake Jernigan and his experience with using IBC as a tool to achieve financial freedom. Top 3 Things You'll Learn:Why access to your money is the most important factor when choosing an investmentHow real estate investment can be an excellent opportunity to grow your moneyWhat are the benefits of investing in life insurance vs. traditional plans  About Our Guest:Jake Jernigan grew up in a simple home. Now a father of two, Jake wants to give his family the best life possible without trading his time for money. He learned about IBC inside Wealth Without Wall Street Community enabling him to get guidance on how to achieve financial freedom.Jake participates in real estate syndication via 232invest, an investment company that buys properties that are currently cash flowing with the possibility for forced appreciation through repositioning.  This is a unique deal structure that allows the company to create a healthy return on investment for its investors and partners while benefiting tenants, employees, the company and the community.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 Jake:Find Jake inside WWWS Community: https://www.wealthwithoutwallstreet.com/community

“Will I have enough money to provide for my kids?” -- This is a scary thought for most parents. Raising children is a huge responsibility. A child's college education is probably the biggest worry of any parent. If you think schooling is expensive now, imagine how much you'll be spending by the time your child reaches college. Unfortunately, default plans like 529 or 401k are not exactly the best solutions. If there’s one thing you can do to secure your child’s future, get a life insurance policy. It’s a valuable investment designed to help fulfill life goals, like your child's education, wedding, and even capital for their first business venture. Tune in to today’s episode for more ideas on funding your child's life. Resources:The Path to Financial FreedomThe Richest Man in BabylonDisclaimer: 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-up

#189: The “broke college student” stereotype is part of most cultures. With the high cost of college education, many graduates end up paying student loans for years. We've also heard countless tales of college students working odd jobs that pay pennies just to have spending money. But not everyone fits this stereotype, as we can see from today’s guest.Just because you’re a college student, doesn’t mean you have to be broke. Tune in to this interview with Wealth Without Wall Street Community member Kevin Su and find out how he started flipping houses with absolutely no experience while in college. His entrepreneurial mindset led him to join the community where he got immersed in the Infinite Banking Concept. Hear the rest of his story in today's episode. Top 3 Things You'll Learn:You don't have to be a real estate expert to start a house flipCash flow projection and predictability should be on top of your prioritiesEstablishing the right systems and processes can accelerate your success About Our Guest:Kevin Su is a member of the Wealth Without Wall Street Community. He started his financial education while in college doing house flipping without any experience. Kevin pursued his interest in wealth creation by joining WWWS Community, where he learned more about the Infinite Banking Concept. These two books profoundly influenced Kevin’s journey to financial freedom: Dirt Rich by The Land Geek, Mark Podolsky, and Becoming Your Own Banker by Nelson Nash. 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 Kevin:Inside WWWS Community: https://www.wealthwithoutwallstreet.com/community

Insurance is designed to protect your assets and wealth. But the premiums paid to insurance companies can be very high. Why not just self-insure to save money? Meaning you would pay for emergency needs out of your own pocket in the event of an accident, injury, or unexpected loss. But what are the odds of running into an emergency? Stay tuned as the IBC coaches tackle this delicate situation. The intent is to guide you through the creative ways of managing your money to make it grow. Know the pros and cons of self-insuring your car and house so you can decide what would be best for you. 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-up

#188: We’ve been hearing how real estate investing can be lucrative. But how do you start buying properties and making profitable deals? In today’s episode, Russ and Joey bring back Mitch Stephen, a veteran real estate investor and a true cowboy living on a huge ranch. Mitch has mastered the art of raising private money and the classic “Nothing Down” deal. Stay tuned and learn how you can dip your toes in real estate investing via owner financing. You don’t need to have lots of money to start, you just need to be willing to do whatever it takes to build your dream one house at a time. Top 3 Things You'll Learn:How does owner financing workFind a strategy that you love and make it work for youIt’s not about you and your money; it’s about the deals About Our Guest:Mitch Stephen has been a real estate investor for 25+ years, starting at the age of 23 when he read “Nothing Down” by Robert Allen. Together with his wife, Tommi, and his daughter, Shannon, Mitch built wealth by purchasing very affordable homes, selling them for double the cost, and owner-financing the sale by creating a note to their buyer.Today he specializes in owner financing properties to individuals left behind by traditional lending institutions. He has perfected a method of achieving cash flow without having to be a landlord and without having to rehab properties. He’s mastered the art of raising private money and the classic “Nothing Down” deal.Mitch is a passionate speaker who delivers the message of integrity first and profits second. He offers Online Education, Group Coaching, and Full-on Mentorships as it relates to all the aspects of Owner Financing.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 Mitch:Website: https://1000houses.comYouTube: 1000houses.com/youtube

Are you in need of cash for business ventures, purchase of large equipment, or property investment? If you’ve been following this show, you know that using the Infinite Banking Concept (IBC) is a better option to getting readily available funds, and you can return the money whenever you decide. So should you pay back the loan earlier than planned? Tune in to another informative discussion about the scenarios you may want to consider when determining what to do with your money. Listen as the IBC coaches present their insights to guide you in making better financial decisions.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-up

#187: If you’ve been following this podcast, here’s another episode where Russ and Joey discuss their passive income for the month. They also talk about what went well, and what they could have done better. Being open about their business ventures allows them to inspire everyone that it’s possible to have multiple streams of income without trading time for money. Through the effective use of financial systems, particularly IBC, they have accumulated different forms of investment over the years. Their advice for you and me: If you’re ready to start that journey to financial freedom, pick one venture and go all-in until you succeed. And when you do, go on and explore more investment opportunities. Check out the resources if you want to learn more. March 2021 Income At-A-Glance:  Gross Income for March:  $84,854.11Total Expenses for March:  $41,860.94Total Net Profit for March:  $42,993.17Difference b/t March & Feb: $15,763.26% of net profit to overall gross revenue: 51%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:Get valuable content and courses including the Investor DNA: https://www.wealthwithoutwallstreet.com/communityJoin the STR Mastermind: https://www.wealthwithoutwallstreet.com/strmastermindLearn more about Real Estate Investing from The Land Geek: Mark Podolsky: https://www.thelandgeek.com