3-Step Guide to Travel for Free with Eli Facenda

Do you want to travel the world? Whether visiting friends and family, going on a business trip, or taking a bucket list trip, travel helps us thrive. But not everyone can travel as much as they want because it can be very costly. What if you could travel to any destination in business class for free? Earning free travel can be simple, but it takes strategy. Today's guest, Eli "The Travel Guy" Facenda, will teach you how to do this and help you stay organized.

How to maximize your point earnings

How to maximize your point redemptions

How to maximize your travel perks and benefits

Eli Facenda

Eli Facenda is known as The Travel Guy because he discovered a strategic way to get $50k-$150k/yr of first-class travel by maximizing points, and he can help you do the same.

Round Table | Is a 401(k) Really a Good Retirement Plan?

Most of the American workforce automatically enrolls in a company retirement plan such as 401(k) without a second thought because they have been told it’s the best way to plan for retirement. Tax deferral plus an employer match seem like obvious reasons to believe it's a wise investment. But is a 401(k) a good retirement plan? Are there creative ways to build wealth without putting money into qualified retirement plans? Fortunately, there are better options.

Why qualified plans are not the best place to put your money

What does pulling your money out of your 401(k) or IRA look like?

Better ways to achieve financial freedom instead of relying on traditional plans

The Rookie's Ultimate Guide to Multifamily Real Estate Investing with Gino Barbaro

Real estate investing is one of the best ways to build wealth. But which real estate asset should you buy? Compared to the usually popular retail, office, and hospitality markets, the US multifamily real estate market is said to be a better choice now for real estate investors. Why the shift? And how do you invest in multifamily homes if you have no idea how to do it? Today's episode with Gino Barbaro will set you up for a good start.

How to buy right

How to finance right

How to manage right

Gino Barbaro

Gino Barbaro: Investor, entrepreneur, and author with a $100M+ real estate portfolio. Co-founder of Jake & Gino, a leading multifamily real estate education company. Best-selling author of "Wheelbarrow Profits" and more.

Round Table | The Infinite Banking Concept Explained and How to Get Started

You've probably heard about the Infinite Banking Concept, but still can't wrap your head around it. After all, how does putting money in a life insurance policy help you get closer to financial freedom? If you want to understand how this whole concept works, today's conversation will give you a good foundation.

What is Infinite Banking?

Why would someone want to do Infinite Banking?

Why is Infinite Banking important to your financial freedom journey?

Teaching Kids About Money With Scott Donnell

As a parent, you naturally want your kids to become ready to face the world. You strive to raise responsible and successful individuals. One of the skills they have to learn is financial responsibility. However, schools do not have it in their curriculum. So it is your responsibility to start teaching your children about money at home. The earlier they learn financial literacy, the greater the long-term impact. Parents have their way of enforcing financial responsibility on their children, like assigning homework or chores in exchange for money. However, there is a more effective way to teach kids about money, and that's what Scott Donnell will teach you in today's episode.

The 3 E’s in the Home Economy (Expectations, Expenses, Extra Pay Opportunities)

The difference between being an entrepreneur and being entrepreneurial

How to teach your kids about value creation

Scott Donnell

Scott Donnell is the co-author of Value Creation Kid: The Healthy Struggles Your Children Need to Succeed. He established Apex Leadership Co, Hapbee Technologies, and the GravyStack™ banking app for kids and families. Since 2011, his companies have taught leadership, fitness, and financial competency to over 6 million kids nationwide. Scott lives in Phoenix with his wife, Amy, and their four kids. Connect with Scott Donnell: Instagram - https://www.instagram.com/imscottdonnell/

Round Table | How to Start an Airbnb Business in 2024

Are short-term rental properties a good investment? There are many factors to consider, but the short answer is YES, assuming you do it the right way. If you've never done it before but you're interested in jumping into the profitable world of short-term rentals (STR), this conversation is exactly what you need. Today's round table features STR Operator and STR Course facilitator Clint Lovette, who is also a professional remodeling contractor. He previously shared his expertise in managing short-term rentals in the podcast, and now he's back with more information to help you start an Airbnb business in 2024.

Is it a good idea to invest in STR in 2024?

Pros and cons of investing in the STR space

How to talk to property owners about renting their place

Are You Layoff Proof? with Emma Powell

If there's one thing that employees fear, it's getting terminated or laid off, especially when they have a family to support, and their job is their primary source of income. If you are in the same position, how do you overcome the constant fear of avoiding the next round of job cuts? Living in fear of losing your job can be crippling, but preparation is the best way to beat the panic. Today's guest, Emma Powell, has an inspiring story that will nudge you to take action and make yourself layoff-proof. Whether you follow her path or find your own path, you will soon have the freedom to choose to work on the things you are passionate about and live a more fulfilling life.

Steps to becoming layoff-proof

How to get the education you need to pursue your path to financial freedom

Choosing the right team members to become successful

Emma Powell

Emma Powell is a seasoned commercial real estate investor specializing in multifamily properties. With a strong belief in the importance of knowledge and risk mitigation in investments, Emma has dedicated her time to mastering the art of passive real estate investing. Leveraging various financial tools, such as self-directed IRAs, 401(k)s, 1031 exchanges, dividend-paying whole life insurance, HELOCs, and discretionary income, Emma has successfully built a diverse portfolio while enjoying passive cash flow, tax advantages, and substantial returns. Connect with Emma Powell: Website - https://risecapitalinvestments.co/ and https://riseclubcapital.com/

Round Table | IBC Users Guide for Lines of Credit

Taking out a loan on your life insurance policy can give you quick access to cash, but only if you have the right type of policy. You can easily borrow against the cash value of a whole life insurance policy. But what about the interest rates and repayment terms? What are the other benefits of using a life insurance line of credit compared to borrowing from banks and other financial institutions? People tend to shy away from things they are not familiar with. However, understanding how the IBC line of credit works might help you broaden your options.

Why should you consider using a life insurance line of credit instead of obtaining bank loans?

Creative ways to use your life insurance as a source of funds for investments

Other benefits of using a life insurance credit line aside from easy access to cash

How We Made $2M+ in Passive Income

It was 2020 when Russ and Joey decided to share their passive income report and review the few deals they engaged in. Back then, they didn't have much to report, but they persevered in building multiple passive income streams. They have come a long way—from about $2,000 per month of passive income to $44,000 (and even higher in some months). While some investment decisions don't always turn out well, they take the lesson from each mistake and move forward. Today, they show us the results of their journey. Top three things you will learn: Before you invest in anything, it is critical to know your Investor DNA What deals have Russ and Joey tried, and what were the results? How to build passive income streams that will lead you to financial freedom December 2023 Income At-A-Glance: Gross Income for December: $44,001.53 Total Expenses for December: $12,850.14 Total Net Profit for December: $31,151.39 Difference b/t November & December: ($7,748.33) % of net profit to overall gross revenue: 71%

Round Table | Inner Circle Live Birmingham Takeaways

These days, it’s possible for people to find events that satisfy their interests in cities around the world. No matter what you’re looking to get out of a live event, many people usually walk away having had the event exceed their initial expectations. While some people get intimidated by live events, those brave enough to attend will find that there’s so much to gain, just like what happened in the recent Inner Circle Live event. If you were not able to join, here’s your opportunity to hear what transpired, and maybe that will encourage you to attend the next event.

The power of connecting with people during live events

How to educate your family the fun way so you move together towards the same goal

Different ideas that can jumpstart your journey to financial freedom

Are You an Investor or an Entrepreneur? with Buck Joffrey

Are you a highly paid employee or professional? Does your current career allow you to earn substantial income? If so, would there be any reason for you to seek a different path? Would you like to become an entrepreneur or an investor? In today's episode, Russ and Joey speak with Buck Joffrey, a surgeon turned entrepreneur and investor. Buck talks about his decisions and actions after reading Robert Kiyosakis's CASHFLOW Quadrant. The book provides a guide for people who are ready to change their lives and change from one quadrant to another. Are you prepared to leave the life you've always known and pursue something better? The choice is yours.

The difference between an entrepreneur and an investor

How to pivot from your current career to entrepreneurship

How to take risks and make scary decisions to get what you want

Buck Joffrey

Buck Joffrey is a surgeon turned serial entrepreneur. He is also the author of the international bestselling book “Seven Secrets of Eternal Wealth” and the host of the Wealth Formula Podcast. Like Russ and Joey, Buck believes we must keep our money out of Wall Street. His mission is to teach professionals how to take advantage of their finances and invest outside traditional stocks, bonds, and mutual funds. Connect with Buck Joffrey: Website - https://www.wealthformula.com/

Round Table | 10 Reasons Not To Use a Savings Account for IBC

Many people worry about providing security for their families if something unfortunate happens. They think about what their spouses and children will do to pay the bills. So comes the question: Should you buy life insurance or focus on saving money in a bank? While both life insurance and savings can result in a lump sum benefit for your loved ones, there are key differences, especially if you also plan to implement IBC to secure the future of your family.

The top reasons not to use your savings account for IBC

Why a life insurance policy is a better place to build your wealth

Recognizing your biases and shifting your mindset to achieve your financial goals

3 Tax Savings Strategies with Mark Perlberg, CPA

Taxes eat up a chunk of most people's income. What if there are ways to keep more of what you’ve earned? In this episode, Russ, Joey, and CPA Mark Perlberg discuss the top mistakes entrepreneurs and business owners make that make them pay unnecessary taxes. If you are eager to know how to protect your income, consider implementing the ideas that could reduce your tax bill this year or the next.

The different types of income

Strategies to help you stop paying unnecessary taxes

When does it make sense to hire an accountant or bookkeeper?

Mark Perlberg

Mark Perlberg is a CPA whose mission is to provide clients with the most powerful tax strategies, business insight, and support to grow their businesses, build wealth, and achieve financial freedom. Connect with Mark Perlberg, CPA: Website - https://www.markperlbergcpa.com/

Round Table | Million Dollar Insights from 525,600 Minutes (Part 2)

2023 was a year of ups and downs and unexpected twists and turns. For many people, it was a year of learning as they went through many experiences that led to either heartbreak or triumph. How about you? What valuable lessons can you take away from the past year that you can apply as you move forward to the new year? What are you excited about for 2024?

The biggest moment and best deal in 2023

Mistakes done and lessons learned from the previous year

BHAG for 2024

When Failure is Not an Option with Dave Wolcott

When faced with a challenging situation, what would you do if failure was not an option? It takes courage to take major leaps in life, but not taking action can lead to failure. In this episode, Dave Wolcott shares how he pivoted when he woke up in an unexpected scenario, going from having one child to having four children overnight. Discover how he quickly decided to change his financial situation to support his growing family.

Holistic Wealth Strategy from Dave

How to break free from the Wall Street mindset

How to take positive action when faced with a difficult situation

Dave Wolcott

Dave Wolcott is a serial entrepreneur, former Marine Captain, and the author of Holistic Wealth Strategy: A Framework for Building Legacy Wealth and Unlimited Freedom to Live an Extraordinary Life. He is the host of “Wealth Strategy Secrets of The Ultra-Wealthy.” Dave is also an active and passive investor in over 3,200 doors, 400 self-storage units, 160 oil wells, and Merchant Cash Advance assets with a combined value of over $2.5 billion across the US. Connect with Dave Wolcott: Website - https://holisticwealthstrategy.com

Round Table | Million Dollar Insights from 525,600 Minutes (Part 1)

What wins and challenges have you faced over the past year? What big, hairy, audacious goals (BHAG) have you set for yourself in the coming year? As the new year starts, it's natural for people to reflect on their professional and personal achievements over the past 12 months. This moment of reflection can be extremely valuable as it allows us to assess how far we've come, identify areas of opportunity, and set more ambitious goals for the future.

Greatest insights and lessons learned from the past year

The most significant move that got you closer to financial freedom

BIG goals for 2024

Growing Passive Income 25% in 2024

What if you can grow your passive income to 25% in 2024? How will it change your life? Would you like to know how to finally achieve financial freedom in 2024? As Russ and Joey share their November 2023 Passive Income Report, they also discuss how they respond to the most common question people ask: “Where are you investing?” They share where they are putting their money and give you the criteria they use when choosing investment opportunities. So if you want to learn how to become a better investor in 2024, this episode is for you. Top three things you will learn: Investment criteria to look for Wins and losses for 2023 Things to be excited about in 2024 November 2023 Income At-A-Glance: Gross Income for November: $51,709.44 Total Expenses for November: $12,809.72 Total Net Profit for November: $38,899.72 Difference b/t October & November: ($84.04) % of net profit to overall gross revenue: 75%

Round Table | Why an eQRP is a Terrible Tool for Financial Freedom

An eQRP or Enhanced Qualified Retirement Plan is marketed as the fastest way to earn more than traditional 401(k)s or self-directed IRAs. It is said to be a system that offers complete flexibility, control, and protection of your investments. Unlike any other retirement account, you have the freedom to choose your investments with an eQRP. That sounds like a fantastic way to build wealth and achieve financial freedom. WRONG!

Access and limitations to how you can use the money

Flexibility in terms of premium and loan payments

Penalties and paperwork

Losing Money While You Sleep with Craig Ballantyne

Many people dream of having more money, and you probably have the same goal. But what are you doing about it? Warren Buffett once said, “If you don't find a way to make money while you sleep, you will work until you die.” You probably don't realize that you're losing money while you sleep. But all that is about to change if you pay attention to today's conversation between Russ, Joey, and their guest, Craig Ballantyne.

Nighttime rituals to prepare for the next day

Why you need to learn to say NO to many things

Essential tips to maximize your time

Craig Ballantyne

Craig Ballantyne used to be a farm boy from Ontario, Canada, trapped in the lifestyle of being a broke, anxious, binge-drinking personal trainer. But with the help of his mentors, Craig evolved into an Empire Builder with the discipline, clarity, and systems he needed to succeed. He went on to build five 7-figure businesses in five different industries, write three books (including one Wall Street Journal best-seller), and mentor thousands of entrepreneurs all over the world. Connect with Craig Ballantyne: Website - https://www.wealthwithoutwallstreet.com/craig Instagram - https://www.instagram.com/realcraigballantyne/

Round Table | Why Your Friends Are Broke and Want You To Be Too

Be careful who you hang out with because being in the wrong company can harm you if you're not careful. We all know that keeping up with the Joneses is a real phenomenon. So, how do you begin to detach yourself from it once you’ve figured out that it’s just not working for you and instead causing you to dig a deeper financial hole every month?

Why are some people broke, and why can't they escape that situation?

What are people doing wrong that keeps them broke?

What are some models that people can follow to correct their course?