The Wealth Without Wall Street Podcast

If you want to get financial advice, where would you go? Who do you ask? Would you listen to someone who says one thing but does another? This episode is prompted by radio and television celebrity Dave Ramsey’s 9-minute video Why Infinite Banking is a SCAM!. Dave’s comments were in response to a caller who has taken up his 7 Baby Steps and now asking about IBC. Listen up as we break down the difference between what Dave says and what IBC teaches about building passive income. Instead of running from things we don’t understand, let’s get the facts from people who know what IBC is all about -- and it’s not Dave Ramsey. 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: So you’ve just come up with a fantastic business idea, now what? How do you drive demand and create scarcity so people want to buy your product? Marketing your product is the best thing you can do as an entrepreneur. Today we have Stephen Woessner, CEO of Predictive ROI and host of the top-rated Onward Nation Podcast, who will lay out the process in identifying your ideal client avatar and finding your niche so you can grow your business. “Stop wandering aimlessly,” and pick up valuable strategies from Stephen’s journey from a struggling entrepreneur to becoming a successful CEO in an industry that helps other entrepreneurs achieve their goals. Top 3 Things You'll Learn:Business valuations and lessons from running an undercapitalized business in a very challenging marketWhat is Predictive ROI, and how can it help you as a business ownerKnowing your Ideal Client Avatar and learning the strategies to provide specific results to clients About Stephen:Stephen Woessner is the host of Onward Nation Podcast and the founder and CEO of Predictive ROI, a digital marketing agency, which helps agencies, coaches, and consultants build their thought leadership and then monetize it. He is the author of three books, including the #1 bestseller, Profitable Podcasting.  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.The Best Way to Connect with Stephen:LinkedIn: https://www.linkedin.com/in/stephenwoessner Get an invite to Attend their weekly show “How to Fill Your Sales Pipeline Open Mic Q&A.” 

#171: How do you ensure a great future for you and your family? Most people go the traditional route -- putting money in the bank and investing in ROTH or IRA. While this is good, at what point will it get you to where you want to be? Today’s guest, Tobi Kimura, is an avid listener to the Wealth Without Wall Street podcast and a Community member. She walks us through her incredible journey living an ordinary family life, having a full-time job while raising a family, and building an impressive portfolio of 77 rental properties. She shares how the Infinite Banking Concept has been instrumental in achieving this path. Tobi talks about why passion is essential in creating financial freedom, peace of mind, and building a legacy. She hopes to inspire others to take the same steps. Tobi leaves a beautiful message for everyone: “You’re going to stumble upon some hard times, some unknowns, you have to make some pretty important decisions, but once you get through those hurdles, you can pick up, dust yourself up, and move on to the next one…”Top 3 Things You'll Learn:Taking the first step by educating yourself and stepping out of the boxSetting your goals and gearing up to explore infinite possibilitiesFinding the motivation to strive and continue growing  About Tobi:Tobi lives in Hawaii with her husband, Nathan, and their two children. She works in a medical distribution company while her husband works in his family’s construction business. With the primary goal of achieving financial freedom and securing their children’s future, Tobi has taken the lessons learned from the Infinite Banking Concept and created multiple income streams by investing in real estate. They now have 77 rental properties on the mainland. 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.

#169: “Vision is something that you think about, but the reality of it is when you can see it because you put it down somewhere in front of you.” ~ Russ MorganAs we’re nearing 2021, it’s a great time to sit down with your family, envision what you want to accomplish for the coming year, and put everyone’s ideas on a vision board. The Passive Income Report is part of Russ’s vision board. This practice was inspired by Entrepreneurs on Fire by John Lee Dumas and The Smart Passive Income by Pat Flynn, who put their passive income on their websites to motivate others to set goals and create accountability. Today, Russ and Joey will go through the November Passive Income Report and share “the good, the bad, and the ugly” with what they’re doing. One good practice you can start with is creating a vision board to achieve what you want and gain financial freedom in 2021. 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.~~~November 2020 Passive Income Summary: Gross Income:  $53,862Total Expenses:  $32,803Net Profit:  Over $20,969~~~Breakdown of Passive Income Sources:Land Business$2,830 per month passive income | $130,000 property that can be resoldIf you’d like to learn more about the land flipping business, download the investor tool from The Land Geek: Mark PodolskyCattle BusinessUnsuccessful - nothing sold for the month and will be dissolved in 2021Short Term Rental Property $27,325 Income | $22,249 Expenses; $900 Profit at 73% occupancyTargeting to improve occupancy to 80%-85% next yearEthereum Miners$3,300 Income | $1,500 Expenses | $1,843 ProfitLong Term Rental BusinessNot doing very wellCommunity - Inner Circle Membership for IBC$14,349 Income | $2,500 Expenses | $11,849 Profit Short Term Rental (STR) Mastermind$600 ProfitFreedom Seekers Masterclass (Brand New Coaching Program)$3,705 ProfitJoin the waitlist for January 2021E-commerce Not doing very wellJoey will sell the business if it doesn’t take off by March 31, 2021

It’s the season of giving, and we love giving gifts. If you can pass down anything to your children, what would it be? Have you ever considered using life insurance as a gifting mechanism? In today’s round table, we’ll talk about how to use your insurance policy for gifting. A couple of ideas would be funding a life insurance policy for a child or grandchild or electing a portion of your death benefit to go to a charity. Using the Infinite Banking Concept or IBC, we buy cash value, and we purchase infinite uses of that cash value. In Nelson Nash’s second book, Building Your Warehouse of Wealth, there’s a chapter that talks about “anticipating a windfall.” Essentially what we can do within the framework of IBC would be: PAY premium->CREATE cash value->BORROW against that cash value->GIVE in anticipation of a windfall. IBC is a great way of practicing the abundance mindset and a powerful tool if you want to impact people more. When you look at it in its entirety, using your policy for gifting in the context of IBC is a fantastic gift. You will always get more than what you put in, and it will last a  lifetime. 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

#168: Are you someone who just experienced a major life change? Maybe you lost your job, had a considerable business failure, or even a failed marriage. Whatever it was for you, know that there’s life after what you’ve just been through. Today we have Joshua Kalinowski, host of The JK Experience and a very successful businessman who lives a purposeful life. His story will bring clarity and some practical steps you can take to manage the transitions in your life. Listen to Josh’s journey so you too can find your vision, discover your greater purpose in life, become the best version of yourself, and create a legacy. Top 3 Things You'll Learn:Josh’s process in transforming his life and how you can do the sameHow to get out of your comfort zone, invest in yourself, and learn from othersHow to build successful businesses and raise leaders so you can do what you do best About Joshua:Josh Kalinowski is a former professional baseball player turned real estate agent then CEO who now runs six successful businesses. He helps leaders live a life of extraordinary impact, influence, and faith. Through his podcast, The JK Experience, Josh shares what he learns about finding inner greatness to keep moving forward towards the finish line.To learn more from Josh, watch out for his book, Strike Three: What Do You Do When the Game’s Over But Life’s Not, coming out in 2021. 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 Joshua:Website: https://www.joshkalinowski.com

Today’s conversation is: “What if I can’t pay my premiums?” We’re going to bring out all the scary things that one can think of and hear what the coaches have to say. Let’s look at some of the thought processes that trigger the question:Scarcity mindset vs. being prudentOptions and flexibilityFear of commitmentIt depends on what ultimately you are trying to achieve and how you view your premiums. Do you consider your premiums as an expense or an investment? Are you building your insurance policy for the death benefit or for creating growth? Once you get this clear, that’s when you can carve out a path and create passive income streams. When you depend solely on your active income, the worst possible situation is losing that income or having zero income while needing to pay premiums. If you focus on building your passive income sources, you will overcome the fear and see what options are available to 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

This is an extraordinary Christmas episode as Russ and Joey bring their kids once more to the show. The younger kids, ages 6 through 10, share some fascinating history around Christmas, why we celebrate it and what is special about it. Get ready to hear awe-inspiring thoughts, some of which you may already know, but still refreshing to reminisce. Hear about The Upside-down Kingdom, where God came to serve, not to be served. Understand that “Emmanuel, God with us” - means the ultimate bad thing will never happen to you because of God’s amazing gift - Jesus. And that Saint Nicholas helps people because he believes in Jesus.Sit back and listen to the bright kids as they walk us through the following:The Story of Saint Nicholas/Santa Claus and the three girls who needed his helpWhy do we have Christmas trees and the significance of the treeThe ultimate reason why we celebrate Jesus on ChristmasThank you for sharing this incredible experience with us. We hope that you will be able to share the true meaning of Christmas with your families. 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.

In this engaging discussion, Susanne Mariga, a CPA and Certified Profit First Professional, shares her expertise on shifting how we view profit. She tackles the common misconception of income minus expenses equaling profit. Susanne emphasizes the need to flip that formula, urging entrepreneurs to prioritize profits first. Listeners gain insights on managing expenses, understanding allocation percentages, and defining personal success. Her humorous anecdotes and practical advice inspire a mindset transformation that promotes sustainable business growth.

We're back to talk through the intricate details of the Infinite Banking Concept. One question that usually comes up from people who have whole life insurance policies is: “How long do I have to pay my premiums?” Like most other questions we previously discussed, there isn’t a one-size-fits-all answer to how long you have to pay your premiums. Consider what’s more important to you: Return ON your money or return OF your money?Let’s reframe the question as follows:How long DO I HAVE to pay for my premiums? How long CAN I pay my premiums?How long SHOULD I pay my premiums?It all depends on how you view your premiums. If you treat it as an expense, then you’d want to stop paying it as soon as you can. But if you begin to look at premiums as a savings instrument where you’re putting it in a system that will work for you, giving you options and flexibility, then you will know the answer to that 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-up