The Wealth Without Wall Street Podcast

Discover how to use Infinite Banking to finance your business and investments. Learn about the advantages of having a personal life insurance policy. Explore effective tax planning strategies and maximizing tax benefits. Avoid tax-driven decisions and focus on generating more revenue as a business owner.

#176: Are you looking for ways to turn your extra space into an income stream? How do you manage a rental business? Should you take it on yourself or hire someone to oversee it for you? Hear the answers from short-term rental experts Jon Bell and Julian Sage, hosts of the Vacation Rental Machine Podcast. This amazing duo is on a mission to help Airbnb hosts to create systems to automate their Airbnb business, allowing them to have more time and better cash flow. Learn the short-term rental business’s dos and donts and achieve financial freedom even when you do not own any property.Top 3 Things You'll Learn:Building a partnership model that worksThe benefits of establishing systems to manage short-term rentals How to handle challenges in running your rental business  About Our Guests:Jon Bell is a short-term rental host who scaled up to 24 properties in 18 months, bringing in $45,000 a month without even owning any of the properties he’s renting out. He spends four hours a week on his business with only one part-time assistant while working a regular day job as an IT guy.Julian Sage is a military man turned Airbnb Superhost who now teaches “rentalpreneurs” how to overcome the challenges of starting an Airbnb business and scale their short term rental business through his podcast Short Term Rental Success Stories.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 Jon and Julian:Website: https://shorttermsage.com Join their community: The Host Nation | Airbnb / Short Term Rental / Vacation Rental Community: https://web.facebook.com/groups/strsecrets

If you need extra funds and have an insurance policy, would you withdraw from your policy or write a loan against it? Is it better to just borrow money from the bank? How can you utilize the benefits of a loan from a policy vs. taking a conventional loan? Can a loan go bad? How do you decide which way to go? Tune in to hear insights from our coaches as they go through the Infinite Banking Concept (IBC) framework so you can get clarity and make better decisions. Take a loan or withdraw? Remember, you should always be in control of your finances instead of being controlled by financial institutions. Find out how you can do this and more as you listen to 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-up

#175: What would you do if you woke up one day on the side of the road, broke and homeless? How do you get up? Who do you turn to? Today, Russ and Joey talk to a man who amassed wealth at a young age, lost everything and then made a firm decision to take uncomfortable steps to pull himself back up. Marc Pelletz is the author of Think Like A Real Estate Investor and a real estate expert who teaches people how focusing your thoughts to be positive and having a strong faith in God makes the difference in living a good life. While it may sound aspirational, Marc urges everyone to bring love to everything we do and make the world a better place. Listen up and be inspired by Marc’s story. Top 3 Things You'll Learn:What to do when you lose everything and hit rock bottomWhy it’s important to believe in yourself, set a SMART goal, and take actionHow to take control of your thoughts to take control of your life Resources:Think Like A Real Estate Investor by Marc PelletzThink and Grow Rich by Napoleon HillThe Richest Man in Babylon by George S. ClasonThe Power of Positive Thinking by Norman Vincent Peale About Marc:Marc Pelletz has been involved in real estate for almost four decades. Having been through several real estate cycles, he knows how to be successful no matter where the market is at that moment. Marc has been inspired and motivated by many real estate experts and masters of motivational philosophy over the years, which has helped transform all areas of his life. In the last 10 years, he established and grew a real estate company accumulating over 200 rental properties and flipping over 1,000 properties valued at over 300 million dollars. He consistently earns a seven-figure income while having more time for the things that truly matter -- his family, vacation, and self-improvement. 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 Marc:Website: http://marcpelletz.comFacebook: https://web.facebook.com/marcpelletzInstagram: https://www.instagram.com/mpelletz

Section 7702 of the U.S. Internal Revenue Code defines what a life insurance policy is for taxation purposes. It was originally written in the 1980s, and an amendment was signed last December 2020. What exactly changed? Is this good news? Would this result in lower interest rates and more pricing flexibility? What does this mean for you? If you want to know more about what's going on, listen to this episode as our IBC (Infinite Banking Concept) coaches provide insights into how the new tax laws impact the insurance industry and what this means for those who are into infinite banking. While there are still many uncertainties, today’s discussion will provide you with good information to help you make better decisions as you take control of your finances. 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

#174: How’s your 2020? We saw a lot of challenges in the year that was, but there were also great opportunities for those who are willing to act. Yearends are usually a time for reflection and looking back on the things we learned. Today, our hosts will share their Passive Income Report as they have been doing in the previous months. This practice has been part of Russ’s vision board. It’s always good to look at what’s been working and what’s not, and coming up with strategies to do better in 2021.Aside from their different business ventures, Russ and Joey are also firm believers that the best use of money is investing in yourself. Check out what they’ve been listening to and reading about in the resources section. 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: Business School Podcast by Sharran Srivatsaa - very tactical, encouraging, and empoweringFor Men Only by Shaunti Feldhahn - understanding how women thinkDirt Rich by Mark Podolsky - attaining financial freedom through property investmentDoesn’t Hurt to Ask by Trey Gowdy - learn how to communicate better by asking the right questions~~~December 2020 Passive Income Summary: Gross Income:  $47,000Total Expenses:  $35,000Net Profit:  About $12,600~~~Breakdown of Passive Income Sources:Land Business$3,325.92 Income | $495 a month increase Vs.November This business is being managed in partnership with The Land Geek: Mark Podolsky Know the ebb and flow of running this businessShort Term Rental Property $28,000 Income | $27,900 Expenses - just barely breakevenDecember and January are usually low seasons - not much travel happensYou have to strengthen your marketing strategy - don’t rely on Airbnb alone to bring in customersEthereum Miners$4,355 Income | $1,588 Monthly Expenses | $2,767 Profit up almost $1,000 Vs. NovemberStrategy is to sell the coins earned every month to cover the expenses and invest the excess funds in other businessesCurrent Ethereum Coin Value - $761 per coinLong Term Rental BusinessNot much going on hereE-commerce $1,400 LossThis business will be discontinued in March 2021 if it doesn’t recover soonShort Term Rental (STR) Mastermind$4,560 Profit2,800 on the waiting list for March 2021Join here: https://www.wealthwithoutwallstreet.com/strmastermind

Have you been thinking about wealth-building opportunities? You probably heard about a hundred different ways to achieve financial freedom. How do you know which is the right way to go? In this episode, the IBC coaches give out their top reason for considering infinite banking (IBC) and whole life insurance as a tool to get more creative with how you can make your money work for you.In case you’re not familiar with the IBC just yet, Nelson Nash’s Becoming Your Own Banker (BYOB) explains how your whole life insurance policies’ cash surrender value can be used as collateral for a loan. IBC is for individuals who are willing and able to make a long-term financial commitment. Find out the top reasons why you should consider diving into IBC/Whole Life Insurance as you embark on your financial 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-up

Learn how taking chances and betting on yourself can help you carve your path to success. Discover the importance of acquiring valuable skills and finding purpose. Explore the power of podcasting and how it allows for connection and influence. Connect with the inspiring guest, Alex Pardo, and subscribe to the show.

What does Dave Ramsey think about IBC? And why does it matter? Information dramatically influences one’s choices. If you’re looking for ways to create financial freedom and learn more about the Infinite Banking Concept (IBC), you’re in for a fiery episode. In Dave Ramsey’s 9-minute video Why Infinite Banking is a SCAM!, he calls the IBC a Ponzi scheme and “whole life done horribly.” This is Part 2, where the IBC coaches break down Dave’s video contents and debunk the misrepresentations and half-truths in it. Russ and Joey will also go over Dave’s 7 Baby Steps and discuss how it may or may not be the right way to go.As you’re trying to learn about the Infinite Banking Concept (IBC) to determine right versus wrong, get answers to your questions from the people who have been practicing IBC for many years. You need objective truth, and that’s what you will get from this episode. Stay tuned and learn the proper path to take control of your finances to create your desired future.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

#172: Are you at that point where you can’t decide the path you have to take? Listen to this episode and find out how you can have clarity, take control, chart a path, and achieve freedom. Today’s guest, The Fearless Investor, Kyle Stanley will share tips on how to invest, kickstart your business, or become a better business owner. Learn about arbitrage, short-term rentals via AirBnB, and Kyle’s BRRRR framework. (Buy->Rehab->Rent->Refinance->Repeat) If you have a strong desire to invest in a short-term rental business via AirBnB, and make it work, check out the resources and go from there. Top 3 Things You'll Learn:Understanding the market and what the deal looks like Strategies to scaling your short-term rental businessWhat does Freedom of Choice look like and how you can achieve it Resources:Download AirBnB Calculator: https://www.fearlesskyle.comHow to Become an AirBnB Host: https://www.fearlesskyle.com/airbnbhostAirDNA (Short-Term Rental Analytics): https://www.airdna.co/ About Kyle:Kyle Stanley is the host of The Fearless Investor Podcast, where he brings in innovative investors so his audience can learn from them. Kyle was also involved in multi-level marketing before becoming an entrepreneur. Now he helps people learn investing strategies like AirBnB, real estate, and much more! Kyle knows his stuff for sure, having invested in real estate and an AirBnB host since 2018. He loves baseball, volunteering at a local dog shelter, and traveling.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 Kyle:The Fearless Investor: https://www.fearlesskyle.com/