The Wealth Without
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Round Table | Can I Insure My Own Automobile and Home?
Episode #
205
44 minutes

Round Table | Can I Insure My Own Automobile and Home?

Insurance is designed to protect your assets and wealth. But the premiums paid to insurance companies can be very high. Why not just self-insure to save money? Meaning you would pay for emergency needs out of your own pocket in the event of an accident, injury, or unexpected loss. But what are the odds of running into an emergency? Stay tuned as the IBC coaches tackle this delicate situation. The intent is to guide you through the creative ways of managing your money to make it grow. Know the pros and cons of self-insuring your car and house so you can decide what would be best for you. . --

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

How to Invest in Real Estate Using Owner Financing with Mitch Stephen
Episode #
204
35 minutes

How to Invest in Real Estate Using Owner Financing with Mitch Stephen

We’ve been hearing how real estate investing can be lucrative. But how do you start buying properties and making profitable deals? In today’s episode, Russ and Joey bring back Mitch Stephen, a veteran real estate investor and a true cowboy living on a huge ranch. Mitch has mastered the art of raising private money and the classic “Nothing Down” deal. Stay tuned and learn how you can dip your toes in real estate investing via owner financing. You don’t need to have lots of money to start, you just need to be willing to do whatever it takes to build your dream one house at a time.

How does owner financing work

Find a strategy that you love and make it work for you

It’s not about you and your money; it’s about the deals

Mitch Stephen has been a real estate investor for 25+ years, starting at the age of 23 when he read “Nothing Down” by Robert Allen. Together with his wife, Tommi, and his daughter, Shannon, Mitch built wealth by purchasing very affordable homes, selling them for double the cost, and owner-financing the sale by creating a note to their buyer. Today he specializes in owner financing properties to individuals left behind by traditional lending institutions. He has perfected a method of achieving cash flow without having to be a landlord and without having to rehab properties. He’s mastered the art of raising private money and the classic “Nothing Down” deal. Mitch is a passionate speaker who delivers the message of integrity first and profits second. He offers Online Education, Group Coaching, and Full-on Mentorships as it relates to all the aspects of Owner Financing. Connect with Mitch: Website: https://1000houses.com YouTube: 1000houses.com/youtube

Round Table | Why Would I Pay Back My Loan Quicker Than Planned?
Episode #
203
32 minutes

Round Table | Why Would I Pay Back My Loan Quicker Than Planned?

Are you in need of cash for business ventures, purchase of large equipment, or property investment? If you’ve been following this show, you know that using the Infinite Banking Concept (IBC) is a better option to getting readily available funds, and you can return the money whenever you decide. So should you pay back the loan earlier than planned? Tune in to another informative discussion about the scenarios you may want to consider when determining what to do with your money. Listen as the IBC coaches present their insights to guide you in making better financial decisions. --

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

Our Passive Income Report - March 2021
Episode #
202
35 minutes

Our Passive Income Report - March 2021

If you’ve been following this podcast, here’s another episode where Russ and Joey discuss their passive income for the month. They also talk about what went well, and what they could have done better. Being open about their business ventures allow them to inspire everyone that it’s possible to have multiple streams of income without trading time for money. Through the effective use of financial systems, particularly IBC, they have accumulated different forms of investment over the years. Their advice for you and me: If you’re ready to start that journey to financial freedom, pick one venture and go all in until you succeed. And when you do, go on and explore more investment opportunities. Check out the resources if you want to learn more. March 2021 Income At-A-Glance: Gross Income for March: $84,854.11 Total Expenses for March: $41,860.94 Total Net Profit for March: $42,993.17 Difference b/t March & Feb: $15,763.26 % of net profit to overall gross revenue: 51%

Resources: Get valuable content and courses including the Investor DNA: https://www.wealthwithoutwallstreet.com/community Join the STR Mastermind: https://www.wealthwithoutwallstreet.com/strmastermind Learn more about Real Estate Investing from The Land Geek: Mark Podolsky: https://www.thelandgeek.com

Round Table | Is There a Right Time to Use the Bank vs. IBC?
Episode #
201
38 minutes

Round Table | Is There a Right Time to Use the Bank vs. IBC?

You’ve heard it discussed here several times: Whole life insurance is a liquid asset. It can act as an emergency fund; whether you run into unforeseen medical bills, costly home repairs, or need cash for large purchases, policy loans offer peace of mind. But why get a bank loan when using the Infinite Banking Concept (IBC) is a better option? The answer lies in the different scenarios we are in, coupled with the unique perspectives we have. Tune in to today’s round table as the IBC coaches talk about situations where someone might need to choose between going to a bank or getting a policy loan. Being clear about your options can profoundly influence the decisions you have to make. --

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

Using Financial Systems to Start Businesses with Justin Harris
Episode #
200
38 minutes

Using Financial Systems to Start Businesses with Justin Harris

Did you know that a whole life policy is an extremely liquid asset? Today’s episode brings more proof that the Infinite Banking Concept (IBC) can improve your cash flow. You don’t need to go through the hoops of a traditional financial institution to borrow money to fund business acquisitions. Simply request a loan against your whole life policy and you can immediately access the funds. Join Russ and Joey as they interview Justin Harris, the COO of Wealth Without Wall Street. Successful entrepreneurs never stop looking for an opportunity to provide value. That’s where Justin comes in, he educates people on how to spot multiple opportunities in the market, particularly in the e-commerce space, while exponentially growing his own businesses. Join the Wealth Without Wall Street Community to get access to Justin’s course and other wealth-building resources.

How to use one asset to fund another asset

Tapping into profitable business opportunities

Justin’s S-C-O-P-E strategy to 10X your business

Justin

Justin Harris works in Operations & Strategic Consulting at Wealth Without Wall Street. He has a Bachelor of Science in Education from Samford University. Justin co-founded and was the COO of two companies, Fireseeds and Wildsparq. Since then, he started Congruence, a business operations consulting company. Outside of work, Justin loves working out, watching his kids play sports, and growing his e-commerce businesses. Justin currently owns two candle and fragrance brands, Stack Candles and Walter & Rosie. His goal for the next three years is to replace his current active income with passive income. His life motto is “Focus equals growth.” Justin is also a huge Georgia fan: Go Dawgs! --- Connect with Justin: Stack Candles: https://www.stackcandles.com Walter & Rosie: https://www.walterandrosie.com

Round Table | Long Term Rentals and Cash Value
Episode #
199
36 minutes

Round Table | Long Term Rentals and Cash Value

So you want to invest in real estate but don’t have the cash to purchase properties? Did you know that your policy offers an immediate source of funds without any complications? Unlike other financing options, you can pretty much dictate the repayment terms because it's your policy, and you control it. Plus, a loan against your policy will not impact your credit score. Sounds good, right? Today’s round table will show you how using the Infinite Banking Concept (IBC) as part of a real estate wealth-building strategy is an excellent way to grow your money. Tune in and explore ideas that can enhance your ability as a real estate investor to maximize opportunities. Experience a new level of freedom and success that you never thought possible. --

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

The 401k Lake House Part Two
Episode #
198
26 minutes

The 401k Lake House Part Two

How do you define wealth? Would you consider yourself wealthy? It’s important to think about your definition of wealth so you can set a clear goal. In today’s episode, Russ reminds us of his lake house story, what it meant for him and his family, why he ended up selling it, and what he got in return. This story shows yet another way to build wealth while enjoying time with your family. By sharing their stories and experiences, Russ and Joey hope to teach listeners to think differently about money and explore creative ways to build wealth while enjoying the benefits that their money can bring right now. --- To better appreciate the discussion, check the real estate analysis below: https://drive.google.com/open?id=1fG68jgxQhvDqvn1kebucl2SbIM8qBACs https://drive.google.com/open?id=1Vsa9AH9YMM5xFwazKZkXcSFv_TozJp1d --- In addition, please listen to The 401k vs. The 401 La(k)e House Part One.

What being wealthy really is -- it's not just about money!

Enjoying your money now instead of waiting until you retire

Calculating tax benefits

Round Table | Financial Golden Rule
Episode #
197
40 minutes

Round Table | Financial Golden Rule

Do you believe that “those who have the gold make the rules?” There’s definitely some truth to it, especially in today’s economy where the people who have lots of money can pretty much do anything they want. That is if they have control of their money. But how many people are in that position? It’s a sad reality that people have given away the control of their money to institutions that dictate the rules. It’s not surprising that 4 out of 10 Americans do not have the funds to cover a $400-emergency. Today’s discussion digs deeper into this topic and how the Infinite Banking Concept (IBC) allows you to take control of your money. Remember the golden rule, be responsible and use your financial education to find new ways to build your wealth to the point where you can make your own rules. --

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

A Thoughtful Approach to Buying Properties with Jeff Stephens
Episode #
196
37 minutes

A Thoughtful Approach to Buying Properties with Jeff Stephens

How do you start investing in real estate or buying your own house? Where do you find properties that are off the market? This episode will give you the answers and provide great insights on real estate investing. Tune in and learn from today’s guest Jeff Stephens, a real estate entrepreneur and host of the Racking Up Rentals podcast. Find out how relationship-building and sophistication can get you the best deals. Plus, you get to understand how to leverage seller financing in real estate.

Creative approach to dealing with motivated sellers

What’s so great about seller financing

The art of asking the right questions

Jeff

Jeff Stephens is the Founder of The Thoughtful Real Estate Entrepreneur and host of the podcast “Racking Up Rentals.”Jeff is a full-time real estate entrepreneur and real estate investing mentor, coach, and podcaster. Jeff’s focus—both as a real estate entrepreneur and a coach to others—is on growing a rental portfolio that builds long-term wealth through the timeless fundamentals of relationship and negotiation directly with the seller.

Round Table | Why Would I Pay Interest On My Own Money?
Episode #
195
33 minutes

Round Table | Why Would I Pay Interest On My Own Money?

We’ve been talking about how the Infinite Banking Concept (IBC) allows you to take control of your money and the creative ways you can make your money work for you. But why do you have to pay interest on the money that you borrow against your policy? Why do you even have to pay back the loan? It is your money anyway, right? In reality, you can choose not to pay back your policy loan and interest in a set period as required if you had borrowed money from banks. But what happens if you don’t? Find out the ins and outs of borrowing against your life insurance policy in today’s round table with our IBC coaches.

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

How to Build A 6-Figure E-Commerce Business with Daniel Espy
Episode #
194
46 minutes

How to Build A 6-Figure E-Commerce Business with Daniel Espy

How have you been spending your quarantine days? Today’s guest used his time wisely and launched a 6-figure e-commerce business using IBC for funding. Learn how Daniel Espy, a member of the IBC Inner Circle, discovered the potential of Amazon’s market to help create a passive income stream for him and how you can do the same. If you’re wondering how much you can make selling products on Amazon and want to explore this opportunity, tune in to this episode. You might be the next highly profitable Amazon seller this year. To learn more about the program that helped Daniel launch his Amazon brand, go to https://www.asin360.com/bamm.

How to find profitable products to sell

Why you should invest in advertising

Teaching your kids how to succeed in business

Daniel

Daniel Espy is a full-time volunteer pastor with a Master’s Degree in Theology. He discovered Amazon selling while looking for an additional income stream and listening to a Wealth Without Wall Street podcast episode. Daniel ventured into Amazon sales with his family working with him all the way. With guidance from Amazon FBA experts, Daniel’s business now generates thousands of dollars in sales.

Round Table | Using IBC to Manage Cash Flow with Sharran Srivatsaa
Episode #
193
59 minutes

Round Table | Using IBC to Manage Cash Flow with Sharran Srivatsaa

Are you looking forward to that day where you can live life on your terms? How badly do you want it, and what are you doing to get to that point? Tune in to get ideas on how you can start building surplus cash and generating wealth. This episode is Part 2 of a two-part series where Sharran Srivatsaa, host of the Business School Podcast, interviews Russ and Joey about the Infinite Banking Concept (IBC) as a tool to gain financial freedom. Learn how to have readily accessible funds that you can use for capital or buying a new car, and understand what it means to “becoming your own banker.” Get the Free Financial Scorecard: https://www.wealthwithoutwallstreet.com/community-offer/sharran-srivatsaa

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

Our Passive Income Report - February 2021
Episode #
192
32 minutes

Our Passive Income Report - February 2021

Today we're going to share how our businesses performed in February 2021. We love doing this so you can see how we're putting our money to work. Being open about the challenges we go through and the successes we celebrate every month allows us to provide you with support and education. Join us and take every opportunity you can to learn how to start your journey to financial freedom. --- February 2021 Income At-A-Glance: Gross Income for February: $70,245 Total Expenses for February: $43,000 Total Net Profit for February: $27,245 Difference b/t Feb & Jan: -$15,755 % of net profit to overall gross revenue: 39%

Resources: Download the Free Financial ScoreCard: https://www.wealthwithoutwallstreet.com/scorecard Get valuable content and courses: https://www.wealthwithoutwallstreet.com/community Join the STR Mastermind: https://www.wealthwithoutwallstreet.com/strmastermind The Land Geek: Mark Podolsky: https://www.thelandgeek.com

Round Table | Short-Term Rentals + Cash Value vs. Long-Term Rentals
Episode #
191
37 minutes

Round Table | Short-Term Rentals + Cash Value vs. Long-Term Rentals

Today’s episode is another discussion on the practical application of the Infinite Banking Concept (IBC) to generate wealth. IBC is not the actual means to achieve financial freedom. Instead, it is the tool that gives you the flexibility and control of your money and what you do with the money that moves you to reaching your financial goal. Listen as our IBC Coaches talk about leveraging IBC and putting your money at work via short-term rentals. To learn more about the short-term rental business, join the STR Mastermind here: https://www.wealthwithoutwallstreet.com/strmastermind. -- 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.

How to Raise Twins Through REI and IBC with Jamie O’ Brien
Episode #
190
30 minutes

How to Raise Twins Through REI and IBC with Jamie O’ Brien

If you had a life-changing event that compels you to stay at home or pushes you to find another income stream, what would you do? How do you envision the process of sorting out your finances, priorities, and actions? These are some of the questions that will be discussed in today’s episode with Jamie O’Brien, a member of the IBC Inner Circle. Jamie has a full-time job as a Medical Device Sales professional and a Real Estate Investor. He discovered the Infinite Banking Concept (IBC) and worked with Joey to learn about the potentials of IBC to gain wealth. Stay tuned and learn more about the things you can do with IBC and why it’s important to move forward even if you have failed several times over.

Why it’s essential to have a mentor and a business partner

How to use IBC to finance your business

Learning from your failures and taking action

Jamie

“The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will. – Vince Lombardi” Jamie O’Brien lives and invests in the Birmingham, Alabama market. He is a Medical Device Sales professional and Real Estate Investor. When Jamie and his wife, Blair, found out they were having twins, Jamie knew he had to do something other than relying on his W2 to provide the life he wanted for his family. In the last 4 years, Jamie has successfully invested in 7 Tax Certificates, bought and flipped 8 houses including 1 Turnkey Rental flip, and built his rental portfolio to 11 doors. At heart, Jamie is a rehabber who loves forced appreciation and bringing homes back to life. This journey led him to discover the Infinite Banking Concept and began working with Joey to change the trajectory of his family’s future. Through IBC, Jamie has been able to access cash to invest in an apartment partnership and several private lending opportunities. Jamie just funded his 4th policy and couldn’t be more excited to teach his daughters the power of financial education as they grow. Jamie enjoys spending time with his family, the great outdoors, college football, and struggling to break 100 in golf in his spare time.

IBC Sounds Interesting But What if I’m Uninsurable? | BYOB Book Review 17
Episode #
189
22 minutes

IBC Sounds Interesting But What if I’m Uninsurable? | BYOB Book Review 17

“The line of insurability” is a concept known in the life insurance industry. It’s that point in time when you cannot qualify for an insurance policy, perhaps due to a diagnosis that significantly impacts your life expectancy or reasons related to health, lifestyle, or travel. So what can you do if you become uninsurable? It can be frustrating, but it may not be the end of your options. In today’s episode, Russ and Joey talk about this scenario while continuing their book review on Becoming Your Own Banker (BYOB) by Nelson Nash. BYOB is not just your ordinary book. It’s that sort of artifact that can radically transform your future. It could be one of the most important books you should add to your reading list to help shift your mindset. Through this book, Nelson explains the Infinite Banking Concept (IBC) in the most effective way possible, getting his point across with a dose of humor and immense clarity.

What is insurable interest?

How to implement IBC even when you’re uninsurable

Why education is vital in achieving financial freedom

Round Table | Practical Case Study Paying Down Debt with IBC
Episode #
188
36 minutes

Round Table | Practical Case Study Paying Down Debt with IBC

Why do so many people struggle with debt? Are you one of them? If you’re wondering what’s the right approach to getting out of debt, realize that the first thing that needs to happen is to have a “behavior shift” so you can stop getting into that cycle of being in and out of bad debts. Evaluate your financial condition and know which of your debts are efficient and inefficient. It’s time to get creative, discover other ideas, and find a practical way to get out of debt. Listen as our IBC Coaches talk about how to use the Infinite Banking Concept (IBC) to pay down your debts, use debt to your advantage, and accelerate your speed to get to financial freedom.

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

Round Table | 401k vs. IBC
Episode #
186
38 minutes

Round Table | 401k vs. IBC

Are you working hard in building up your retirement fund so you can live a comfortable life when you retire? Who invented this concept anyway? Why can’t you have more freedom today instead of deferring it? These are the questions that our hosts and IBC coaches will discuss in today’s highly debatable topic about retirement and how you should prepare for it. Listen up as they provide analogies and opinions on why you should save yourself from relying on volatile, market-dependent 401k accounts. Find out how you can explore a better tool called the Infinite Banking Concept (IBC), so you can take control of your financial life and live well starting today. -- 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

Rich Dad Poor Dad for Teens Part Two
Episode #
185
48 minutes

Rich Dad Poor Dad for Teens Part Two

How important is it to teach children about the value of money? At what age should children learn financial literacy? Today’s episode brings back Russ Morgan and Joey Mure’s daughters for Part Two of lessons learned from Robert Kiyosaki’s book Rich Dad Poor Dad. If you missed Part One, check out Episode 166. Whether you’re a parent to young children or someone who wants to reevaluate your relationship with money, you will get a ton of value as you listen to this conversation. Hear the refreshing perspective of four teens around how they view money, finding opportunities, why you should work to learn and not to earn, and most importantly, how to win in the game of achieving financial freedom.

The differences between the Rich Mindset vs. the Poor Mindset

Why you need to understand how money works

How playing games can help you gain financial knowledge

Alexandria, Cate, Annie and Lily Kate

Alexandria (Xan) Morgan, 15, and Cate Morgan, 13, are the daughters of Russ Morgan, a CERTIFIED FINANCIAL PLANNER™ Professional and an Authorized Infinite Banking Practitioner in Vestavia Hills, Alabama. Annie Mure, 14, and Lily Kate Mure, 12, are the daughters of Joey Mure, Chief Financial Coach and an Authorized Infinite Banking Practitioner in Birmingham, Alabama. These teens are fortunate to have parents who teach them financial literacy at a young age, paving the way for them to have success in life.

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