The Wealth Without Wall Street Podcast

This Week's Episode Topic: Collateralize your policies with a bank line of credit?. On this episode of the Round Table, the guys attack a part of the process of Infinite Banking when we’re taking loans agains insurance policies. Do you wish you could access your insurance funds faster and better? What about accessing the funds on the same day? Or even have access through a checkbook? Or even bigger… what if you can reduce your interest rate on accessing these funds? Fair warning, this is an expert conversation. If you’re a beginner to Infinite Banking this one may shake you up.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. 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.

#151: Welcome to another first on the Wealth Without Wall Street Podcast! Today, we’re opening up the books and are sharing our actual passive income numbers with you. We want you to see if they’re working and to help inspire you to start today on growing your passive income. If you don’t keep score, it’s hard to know how you’re doing. This episode has helped us open up our eyes. We’re also unlocking not only the revenue from our passive income sources, but also talking about how passive they actually are. We offer our community affiliate passive income opportunities and we want to be transparent with our community so that we can both support each other on our paths to Financial Freedom. Check out below our numbers in July, 2020: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.July 2020 - Passive Income RevenueBy the Numbers:Gross Revenue:  $ 16,164.22 Total Expenses:  $ 11,216.70 Net Profit:  $ 4,947.52____Affiliate Marketing - Revenue:  $6,095 | Expenses: $0Community - Members: 2,700 | Revenue: $ 538  | Expenses: $0Long-term Rental -  Revenue:  $ 915  | Expenses: $ 941Short-term Rental - Revenue $3,207 | Expenses $2,619*Crypto - Revenue $2,128 | Expenses $1,206Multi Family - Revenue: $0 | Expenses $0Cattle Business - Revenue: $0 | Expenses $0Land Flipping (Tri Star) - Revenue: $1,488 | Expenses: $677Land Flipping (Everland) - Revenue: $1,330 | Expenses: $0*Wake Up In Birmingham labor expenses:  $ 4,166.66 Lessons Learned:Need to track expenses a lot betterHave to put more money in landPutting all of this on paper is the only way we’re going to get our passive income greater than monthly expensesBe sure to subscribe and check back in with us in to hear our August edition of our Passive Income report!

On this week's episode of the round table, the guys ask an important question: If you start a policy, do you want your dividend to be affected if you take a loan against the policy or not? Joey and Ernie dive deep into the differences between direct and non-direct recognition and compare how both are similar to using different clubs at the golf course.  If you're a numbers oriented person, this might be the topic that has prevented you from getting a policy in the past. Therefore, this episode will help push you towards a more definitive answer of which policy would work best for you. Let's belly up to the table!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. 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.

#150: What are you doing with your time right now? Are you going to use this time, especially during the continuing COVID-19 outbreak, to educate yourself on areas that will give you MORE time to spend with your family? Or are you going to just scroll through one more YouTube Video or news article?Our guest on today’s show, Reed Goossens, shares his story of escaping the cubicle and investing his time so that he could have more freedom to spend with his family. Reed explains why he quit his job as a structural engineer in Australia and moved to the United States to pursue real estate investing. He talks about purchasing his first property for $38,000 just outside of New York City and how easy it was to begin investing in real estate in the US when compared to Australia. Despite this, he realized he was still thinking too narrowly about investing and entrepreneurship. Then he met a friend that shared the benefits of real estate syndication, which led him to start RSN Property Group, which has gone on to acquire over $60 MILLION worth of real estate to date. Reed talks about the importance of getting out of your own way and ensuring you invest your time into doing the work that helps you move the needle.If you’re looking for ways to better invest your time so that you can have more freedom to live your life, this episode is crucial to helping you make that dream a reality.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.

This Week's Episode Topic: Starting Policies on Your Kids. On this episode of the Round Table, the guys discuss starting IBC policies on our children so we can start preparing them for success. They explain how to create a mindset that encourages your children to start thinking creatively about financial growth even at a young age, and how starting a policy on them provides so much synergy to growing that thought process. If you are wondering "What could I tell or do for my children to help them become more successful adults" this is the perfect episode to get you started!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. 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.

#149: How can we teach our teenagers about financial literacy? What are the ways we can present ideas about finances to teenagers that will not only be engaging, but create lasting concepts in their minds?Our guest on today’s show is Dan Sheeks, founder of SheeksFreeks, a blog dedicated to helping young people make intelligent financial decisions that allow themselves to reach early financial independence and live their best life. Dan tells the guys how he’s teaching teenagers about the core principles of financial education and how he’s creating communities to help them stay accountable to their goals. Dan then explains how parents can begin the conversation with their own teens to get them thinking differently about finances. If you have teenagers or even pre-teens, this is an invaluable episode to give you the resources you need to get them to start approaching financial literacy differently!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.

This Week's Episode Topic: Paying Down Debt Through IBC. This week at the Round Table, the guys talk about the most prominent issue in the IBC process, paying down debt. Joey, Russ and Ernie talk about how you can not only pay down your debts with the Infinite Banking Concept but also grow your capital for the future. They tell you how to pay off debt, the most efficient was to pay it off quickly, and how to grow your money so you can reach financial freedom faster. This is an action-packed episode of the Round Table you don't want to miss! 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. 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.

#148: Why should you consider investing in mortgage notes? How can investing in mortgage notes, specifically notes where the borrower is not making all of their payments, can be profitable?Our guest, Jamie Bateman, explains how he began investing in mortgage notes and created significant returns by buying notes at 50-60% discounts. He tells our listeners how he finds notes online, which notes are the best to purchase, and how to flip the properties to maximize his returns. He also shows the reason purchasing notes pairs well with IBC and how both investments offer an incredible amount of control when compared to traditional IRAs or 401Ks. Since 2018, he has grown his portfolio to includes over 20 notes in 10+ states and now works to help others discover how they can earn income through note investing. This is an episode that shows how unconventional methods of investing in real estate and IBC pair together perfectly, so you won’t want to miss this conversation with Jamie Bateman.Take Action-Take our FREE IBC 101 course today! www.wealthwithoutwallstreet.com/ibc101Disclaimer: 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.

This Week's Episode Topic: Spread the Movement. On this week's episode of The Round Table, the guys tackle the issue of spreading the movement of IBC to our friends and relatives. They want to share with you how you can explain The Infinite Banking Concept to your friends and family in a way that highlights the freedom these policies can offer. If you want to explain to others how they can stop trading their time for money, and how IBC can provide them REAL financial freedom, this is an episode you have to listen to.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. 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.

#147: The Cost of Acquisition can dictate a lot of our decisions in business. The liquidity of having cash on hand can often make or break an opportunity for us. So how do you find the optimal vehicle for wealth that creates returns that offset the cost of acquisition?Joey and Russ talk about the importance of control in investing. They explain that most people’s money doesn’t reside in a place that they can easily access. As a result, they end up making decisions because they HAVE to not because they WANT to. The guys then explain why retraining our mindset to investing in life insurance policies allows us to see the freedom that we can attain that would be impossible with a traditional 401k or IRA fund.This episode helps highlight why we have to look at liquidity in our investments and that the cost of acquisition is often more about the limitations of our money than the amount.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.