The Wealth Without Wall Street Podcast

#161: Most people dream of having financial freedom, but get stuck working endless hours in a job until they’re 60! Ready to take control of your life and create a business that is not a job? Tune in to this episode. Today's guests, veteran real estate investors Adam Southey and Justin Sliva, share how they discovered the wildly profitable niche of land flipping as a way to create wealth and live life under their own terms. What you'll learn:How to make money in real estateThe strategy and business model used by Adam and JustinDiscover the process to create financial freedom About Adam and Justin:Adam Southey used to work as a train conductor. Justin Sliva spent years working as a full-time real estate agent. They joined forces to try out land investing. Today, they’re both living the life of their dreams. They share their experiences to teach others how to build massive cash flow and huge profits from this highly lucrative niche of land flipping through their podcast, Casual Fridays REI.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 Casual Fridays REI: https://casualfridaysrei.com/Resource : Coffee Money Real Estate Investing, a step-by-step guide to a real-world method of real estate investing that is doable for the price of a daily cup of coffee, available on Amazon. 

What would you have done differently after knowing what you know now? We all have this habit of doing things on our own. We only consult an expert after we’ve messed up. Take the question of what’s the best way to design a policy. Clarity is the key. If you understand the problem, the solution will be clear. You have to identify what’s important to you and why, where you’re headed, and how you’re going to get there. Focus on long-term results and be ready to infuse capital. When we talk about owning your journey to financial freedom, it’s best to work with a trusted practitioner to coach and guide 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

#160: Welcome to the continuation of the Wealth Without Wall Street Podcast's Monthly Passive Income Report. This episode we go over our September 2020 passive income streams and show you how we had a 30% percent increase from last month. We discuss why some strategies didn’t work for us, but could still work for you. From taking on more expenses to dealing with neighbors who want us out, we go over every aspect of the business and give you exact numbers to put into perspective. Money is just a tool that we trade for time, but time waits for no man. Short-term rentals have increased our income greatly from month to month, however land-flipping took us backwards this month. These episodes also show us where we can improve and learn from the mistakes we made month to month. Overall, September was a good month for us and we are excited to continue expanding in some areas. We hope this episode inspires you to use your money wisely and allows you to learn from our mistakes.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.Become a Freedom Seeker! https://www.wealthwithoutwallstreet.com/freedomseekersSeptember 2020 - Passive Income RevenueBy the Numbers:Gross Revenue:  $ 24,704Total Expenses:  $ 20,000 Net Profit:  $ 4,408____Affiliate Marketing - Revenue: $246 | Expenses: $1803Community - Members: 3,000 | Revenue: $ 3244  | Expenses: $2884Long-term Rental - Revenue: $ 1065  | Expenses: $ 941Short-term Rental - Revenue $11,790 | Expenses $7613Crypto - Revenue $3947 | Expenses $1588 Multi Family - Revenue: $0 | Expenses $0Cattle Business - Revenue: $0 | Expenses $0Land Flipping (Tri Star) - Revenue: $728 | Expenses: $1298Land Flipping (Everland) - Revenue: $4123 | Expenses: $0

#159: In these times of market uncertainty and job layoffs, no wonder so many people are escaping the 9-5 and seeking financial freedom. Making that decision may be half the battle, but where do you go from there? Today’s guest is Scott Krone, the owner and founder of Coda Management Group. Coda is an international award-winning design and build firm that manages self-storage and other real estate assets, whose values range in the hundreds of millions. In this new episode, they discuss why you should look for problems to solve during a recession, how to keep your investors committed and happy in every deal, and the ways to leverage a variety of deals to create a life truly worth living.What you'll learn:How to identify problems with a high ROIThe concrete steps to tackling an old problem in a new wayThe key to creating sustainable passive income streamsAbout Scott:Scott Krone’s background lies in architecture and contracting, working on multiple million dollar deals in his early years. In 2012, Scott founded SSSK Capital Fund, a firm that managed real estate assets in the excess of $30 million. In 2018, Scott combined SSSK Capital Fund with his other company, Coda Design + Build, to create the current Coda Management Group. Coda is now a staple in self-storage asset management.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.Get in touch with Scott here: www.wealthwithoutwallstreet.com/coda

When we talk about life insurance, people usually think of a whole life policy—your policy is active until you pass away. This has its benefits, but many people would benefit more from a term life policy. Simply put, a term life policy is active for a designated set of years, which allows it to have lower premiums and the ability to convert into a whole life or infinite banking policy. Most whole life insurance policies are calculated based on the number of working years someone has left, which can both be wrong and unsettling to think about. In contrast, a term life policy is great for someone building a family, whose needs will change over time. Before you settle on one or the other, know what your specific needs are and discuss them with an insurance company you trust. 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

Should I start a new policy or pay back my policy loans? It reads like a black or white decision, but it’s more complicated than that. Before you answer that question, answer these: Do you see your policies as assets or expenses? Are you expecting more money soon or not for a while? Is your policy new or old? Are you 30 years old or 5 years from retirement? No decision lives in a vacuum, so there is no “right” answer. The best course of action depends purely on your unique situation and goals. Once you determine those answers, you will be better informed and able to make the strategic decisions necessary to secure your financial 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

#157: Money is a powerful resource, but nothing is more universal than time. So, what if you have more money than time? You work diligently at your job and are paid well for it, but if you don’t possess the time to reap the benefits, what was the point? Today’s guest is Travis Wood, a full-time airline pilot who loves his job and is compensated well, but he found himself reaching the end of his job’s ladder and feeling stuck. He knew that there was more to life for him and his family, so instead of settling into an “Oh well” mentality, Travis leveraged his love of learning to enter the real estate game and begin his journey to financial freedom. For him, the secret to success is not a fancy degree or expensive real estate seminar. Instead, Travis thought of an old product in a new way, invests in his imagination, and reminds himself that not being in a rush is the key to financial freedom.What you'll learn:Imagination and dedication define your ability to be financially free, not background or educationHow to avoid the proverb of “the borrower is slave to the lender”Why you should take your time and enjoy the processAbout Travis:Travis Wood is a full-time airline pilot from Louisville, KY, husband, and father to two young boys. He and his wife realized the power of passive income, so they leveraged their well-paying jobs to enter the real estate game and slowly earn the financial freedom to give their family the life they deserve.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.

What’s the connection between your life insurance policy and taxes? It’s easy to see these two as existing in different worlds, but they’re more connected than you think. In essence, you can take out a life insurance policy and use its cash flow to pay your taxes. Paying the two separately and directly is a viable option with less complexity. However, by learning the nuances of taxes and insurance policy, you will develop a higher understanding of money on all levels, create more options for your family, and live the life you want.  Spoiler alert: You can’t spend your way into prosperity, but you can educate yourself into it.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

#156: Mindset is Important no matter where you are at in life. It can be helpful whether you’re starting and running a business or if you’re trying to be a better steward of your money at home. Today’s Guest, Rod Khleif, tells his story of great rises and great falls and how he found the true meaning of success. Early on, Rod got everything he wanted. He even bought his dream multi-million dollar house on the beach. And yet after only 60 days of obtaining his house, he realized he was fully depressed. He was simply unfulfilled and his expenses did not fill the void. Now, Rod is on the path of saying that there’s much more to life than all the things that can be accumulated.What you’ll learn:There’s more to life than filling it with sought-after expenses.You can be successful, but unfulfilled.How to stop and force yourself to write down the goalsAbout Rod:Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country’s top real estate trainers, Rod has personally owned and managed over 2,000 properties.!! Edit - We misspoke by saying that there was only 1 company still in existence from the original S&P 500. What we meant to says was; there is only 1 company still on the original Dow Jones. We apologize for the confusion. - !!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.Interested in Rod Khleif's bootcamp?Visit: www.wealthwithoutwallstreet.com/rod, and use promo code: rodfriend for a $50 off discount.

How can I pay premiums? This topic can become an absolute mind-shift. Many new policy holders think about their premiums as an pure expense. "I've got to pay this", "how can I possibly keep this up?" Common feelings like these early into the policy can occur. Simply put, this is entirely a financial tool. A tool to be used like an asset, not an expense. Once you see that, you view your premiums as an incredible opportunity to grow your journey towards 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