The Wealth Without Wall Street Podcast

Today’s episode is another discussion on the practical application of the Infinite Banking Concept (IBC) to generate wealth. IBC is not the actual means to achieve financial freedom. Instead, it is the tool that gives you the flexibility and control of your money and what you do with the money that moves you to reaching your financial goal. Listen as our IBC Coaches talk about leveraging IBC and putting your money at work via short-term rentals.To learn more about the short-term rental business, join the STR Mastermind here: https://www.wealthwithoutwallstreet.com/strmastermind.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

#181: “The line of insurability” is a concept known in the life insurance industry. It’s that point in time when you cannot qualify for an insurance policy, perhaps due to a diagnosis that significantly impacts your life expectancy or reasons related to health, lifestyle, or travel. So what can you do if you become uninsurable? It can be frustrating, but it may not be the end of your options. In today’s episode, Russ and Joey talk about this scenario while continuing their book review on Becoming Your Own Banker (BYOB) by Nelson Nash.BYOB is not just your ordinary book. It’s that sort of artifact that can radically transform your future. It could be one of the most important books you should add to your reading list to help shift your mindset. Through this book, Nelson explains the Infinite Banking Concept (IBC) in the most effective way possible, getting his point across with a dose of humor and immense clarity.Top 3 Things You'll Learn:What is insurable interest?How to implement IBC even when you’re uninsurableWhy education is vital in achieving financial freedomDisclaimer: 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.

Why do so many people struggle with debt? Are you one of them? If you’re wondering what’s the right approach to getting out of debt, realize that the first thing that needs to happen is to have a “behavior shift” so you can stop getting into that cycle of being in and out of bad debts. Evaluate your financial condition and know which of your debts are efficient and inefficient. It’s time to get creative, discover other ideas, and find a practical way to get out of debt. Listen as our IBC Coaches talk about how to use the Infinite Banking Concept (IBC) to pay down your debts, use debt to your advantage, and accelerate your speed to get to 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.--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

#180: If you had a life-changing event that compels you to stay at home or pushes you to find another income stream, what would you do? How do you envision the process of sorting out your finances, priorities, and actions? These are some of the questions that will be discussed in today’s episode with Jamie O’Brien, a member of the IBC Inner Circle. Jamie has a full-time job as a Medical Device Sales professional and a Real Estate Investor. He discovered the Infinite Banking Concept (IBC) and worked with Joey to learn about the potentials of IBC to gain wealth. Stay tuned and learn more about the things you can do with IBC and why it’s important to move forward even if you have failed several times over. Top 3 Things You'll Learn:Why it’s essential to have a mentor and a business partnerHow to use IBC to finance your business Learning from your failures and taking action About Our Guest:“The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will. – Vince Lombardi”Jamie O’Brien lives and invests in the Birmingham, Alabama market. He is a Medical Device Sales professional and Real Estate Investor. When Jamie and his wife, Blair, found out they were having twins, Jamie knew he had to do something other than relying on his W2 to provide the life he wanted for his family. In the last 4 years, Jamie has successfully invested in 7 Tax Certificates, bought and flipped 8 houses including 1 Turnkey Rental flip, and built his rental portfolio to 11 doors. At heart, Jamie is a rehabber who loves forced appreciation and bringing homes back to life. This journey led him to discover the Infinite Banking Concept and began working with Joey to change the trajectory of his family’s future. Through IBC, Jamie has been able to access cash to invest in an apartment partnership and several private lending opportunities. Jamie just funded his 4th policy and couldn’t be more excited to teach his daughters the power of financial education as they grow. Jamie enjoys spending time with his family, the great outdoors, college football, and struggling to break 100 in golf in his spare time.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 Jamie:Facebook: https://www.facebook.com/IamjamieoLinkedIn: https://www.linkedin.com/in/jamieob

Discover the drawbacks of 401k plans and explore the benefits of the Infinite Banking Concept. The hosts delve into the limitations of long-term investments and question the effectiveness of 401k in achieving financial goals. They emphasize personal growth and the importance of surrounding oneself with like-minded individuals for pursuing financial freedom and cash flow. Join the conversation to learn how you can take control of your financial life and live well starting today.

#179: How important is it to teach children about the value of money? At what age should children learn financial literacy? Today’s episode brings back Russ Morgan and Joey Mure’s daughters for Part Two of lessons learned from Robert Kiyosaki’s book Rich Dad Poor Dad. If you missed Part One, check out Episode 166. Whether you’re a parent to young children or someone who wants to reevaluate your relationship with money, you will get a ton of value as you listen to this conversation. Hear the refreshing perspective of four teens around how they view money, finding opportunities, why you should work to learn and not to earn, and most importantly, how to win in the game of achieving financial freedom.Top 3 Things You'll Learn:The differences between the Rich Mindset vs. the Poor MindsetWhy you need to understand how money worksHow playing games can help you gain financial knowledgeAbout Our Guests:Alexandria (Xan) Morgan, 15, and Cate Morgan, 13, are the daughters of Russ Morgan, an Authorized Infinite Banking Practitioner in Vestavia Hills, Alabama. Annie Mure, 14, and Lily Kate Mure, 12, are the daughters of Joey Mure, Chief Financial Coach and an Authorized Infinite Banking Practitioner in Birmingham, Alabama.These teens are fortunate to have parents who teach them financial literacy at a young age, paving the way for them to have success in life. 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.

How much money are you putting into your insurance policy? Are you ready to get another one? When you utilize the Infinite Banking Concept (IBC) using whole life insurance, your insurance policy’s primary purpose is not the death benefit but the living benefits or the many options you will have to grow your wealth.  Today’s episode revolves around frameworks to guide you on when to start a new policy and when you should hold off. There isn’t a one-size-fits-all answer. The decision largely depends upon how you intend to use the tool and requires clear financial goals. To learn more about the Infinite Banking Concept, get R. Nelson Nash’s book Becoming Your Own Banker. 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

#177: Today’s another episode where Russ and Joey go through their monthly passive-income report, sharing exactly what they’re doing to create multiple streams of income, walking us through exciting things that happened and issues that need to be addressed. Be inspired, take action, and carve your path to financial freedom. Join the Freedom Seekers Masterclass: https://www.wealthwithoutwallstreet.com/strmastermindJanuary 2021 Income At-A-Glance: Gross Income for January:  $82,000Total Expenses for January:  $39,000Total Net Profit for January:  $43,000Difference b/t January & December: +$30,400% of net profit to overall gross revenue: 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.Resources:Watch How My Daughter Will Buy Her First Car via Infinite Banking and Short Term Rentals: https://www.youtube.com/watch?v=S9LABs0y8zoJoin the WWWS Community and take the Investor DNA Course: https://www.wealthwithoutwallstreet.com/communityLearn more about Real Estate Investing from The Land Geek: Mark Podolsky: https://www.thelandgeek.com

What do you know about EVA (Economic Value Added), and why should you evaluate it? Get ready to listen and take notes as our IBC coaches talk about a concept that only a few people understand. You will hear references to Nelson Nash’s Becoming Your Own Banker, a book that thoroughly explains IBC (Infinite Banking Concept). After listening to this episode, you will have a clearer understanding of the real value of money and why IBC is an excellent investment vehicle for you. If you understand what’s happening with your money, you will know what you have to do. “Opportunity cost is the biggest expense that you never got a bill for.”  - Joey MureDisclaimer: 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

#177: Everyone goes through challenges and makes mistakes in life. Learning from those lessons and pushing through makes all the difference in how your life will turn out. Listen to the interesting story of Ricardo Rosales, host of The Truth Behind Success Podcast and Real Estate Entrepreneurs Podcast, as he takes us through his entrepreneurial journey, stumbling through obstacles, losing millions in the aftermath of Hurricane Harvey, weeding through the chaos, and rising up from setbacks. Top 3 Things You'll Learn:Flipping vs. WholesalingThe Four Steps to Financial Freedom Why you need to diversify your business  About Our Ricardo:Ricardo Rosales was born in Atlanta, Georgia but grew up in Venezuela. He has lived different lives starting from being an office boy in his father’s business to joining the US Navy then moving on to work in a job that allowed him to travel the world. While sitting on the couch one day, Ricardo watched a tv show called Flip This House which got him interested in real estate. After a few months, he bought his first investment property which led him to many more real estate ventures, experiencing the ups and downs, surviving through Hurricane Harvey, and becoming the accomplished person he is now. Ricardo aims to help many achieve their goals in life, be a part of their success while taking his own life to the next level.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 Ricardo:Website: https://www.ricardorosales.comPodcast: https://www.ricardorosales.com/podcast-2/YouTube: https://www.youtube.com/channel/UCcB5RUv4zrIZY_nPO6dXGsQ