Round Table | You've Got Questions, We've Got Answers

If you've heard about the Infinite Banking System as a tool to build passive income but still have questions, this episode might have the answer you seek. Today's conversation answers questions many people ask when they first hear about IBC and how to build passive income. It's time to clear those doubts, get answers to your burning questions, and take action. 2023 is the year you move forward with your financial freedom journey; it all begins right now.

Should I put my money on IBC? How soon can I get it back? When do I have to repay it? Personal vs. Business Policies–who owns the asset?

Which passive income opportunities should I pursue?

Should I consider VUL, which offers a higher return, instead of putting my money in whole life insurance?

Is Crypto Dead? with Bob Burnett

Is it the end of crypto? Cryptocurrency has always been volatile. However, 2022 has seen the most unpredictable changes in the prices of popular cryptocurrencies. In fact, some crypto companies are facing bankruptcy because of the plunge in prices. What caused the downturn? Will the crypto market ever recover? Listen to this insightful conversation between Russ, Joey, and their guest, Bob Burnett. Also known as “Bitcoin Bob,” he is the founder and CEO of Barefoot Mining, a company focused on developing “horse-class” mining sites. Bob is a vocal proponent of expanding diversity in Bitcoin mining site geography, scale, and energy sources. He has founded several companies in the Bitcoin mining space and is an evangelist and educator for Bitcoin and its importance to the world’s future.

Updates and trends in the crypto space

Ways to use Bitcoin to create passive income

Three places where you can store your Bitcoin securely

Bob Burnett

Bob Burnett is the founder and CEO of Barefoot Mining, a company focused on developing “horse-class” mining sites. He is a vocal proponent of expanding diversity in Bitcoin mining site geography, scale, and energy sources. Bob has spent over 35 years as a technologist, including 13 years at Gateway, Inc., a Fortune 200 personal computer company, where he led the company’s product development efforts as Chief Technical Officer. Bob has founded several companies in the Bitcoin mining space and is an evangelist and educator for Bitcoin and its importance to the world’s future. Connect with Bob Burnett: Website - https://www.barefootmining.com/

Round Table | Why You Should Not Make New Year's Resolutions for 2023

As we start the New Year, people from all walks of life write down their New Year's Resolutions for 2023. It has been a practice for a lot of people year after year. What about you? Do you believe in making New Year's resolutions? Why do you think many people fail at keeping up with their resolutions? Is there a better way to plan and achieve what you want? You will find the answers to these questions in today's round table.

Things we can learn or avoid in the coming year

Practical advice so you can pursue and achieve your goals for 2023

Ways to not fall short of the goals you have set for yourself

Our Passive Income Report - November 2022

It's almost the end of the year, and it's time to evaluate what we have achieved and decide what we need to start, stop or continue as we begin the New Year. Russ and Joey have come a long way since the first time they shared their Monthly Passive Income Report. To this day, they have never stopped giving value, sharing passive income ideas, and allowing people to take a look at their numbers so they can inspire those who want to achieve financial freedom. Wherever you are in your journey, the Monthly Passive Income Report is a source of valuable information and actionable items to help you along the way. Have a Prosperous New Year! November 2022 Income At-A-Glance: Gross Income for November: $102,896.69 Total Expenses for November:$61,558.16 Total Net Profit for November: $41,338.53 Difference b/t October & November: ($400.47) % of net profit to overall gross revenue: 40%

Round Table | 3 Ways to Increase Your Cash Flow

Is there something more important than profitability? It's cash flow. It's a critical indicator of your overall financial health. Knowing what affects your cash flow and having the ability to limit unnecessary cash outflow can help you prepare for challenges. But more importantly, you must continuously find creative ways to increase your cash flow to fund your investments and grow your passive income streams.

Increasing your Active Income

Reducing Overhead

Creating Passive Income

The One Skill You Should Learn Right Now to Buy Real Estate in a Recession with Jeff Stephens

Is the deal worth doing? This is a question we must ask before engaging in a transaction. However, we often chase after things that are not worth our time and later regret it. So how can we save ourselves from such a predicament? Follow the advice of today's guest, Jeff Stephens, to determine if you should move forward with the deal or not. Jeff is the Founder of The Thoughtful Real Estate Entrepreneur and host of the podcast Racking Up Rentals. He is a full-time real estate entrepreneur and real estate investing mentor, coach, and podcaster. Jeff was previously featured in Wealth Without Wall Street Podcast Episode 196 and is here today to continue the conversation. In this episode, Russ and Joey chat with Jeff about buying off-market property without a mortgage. Take advantage of the opportunity to discover the one skill you should learn to succeed in real estate in a recession.

The Magic Seller Relations Question

The importance of Negotiation Dynamics

Strength-Based Investing

Jeff Stephens

Jeff Stephens has been a full-time entrepreneur since 2003. He ran a marketing agency for ten years, specializing in brand strategy for community banks and credit unions. In 2006, Jeff discovered “Rich Dad, Poor Dad,” which changed his life. He immediately began devouring education about real estate investing and quickly bought his first rental property–a triplex in Portland, Oregon. In 2013, Jeff sold his marketing agency and transitioned to full-time real estate entrepreneurship. Connect with Jeff Stephens: The Thoughtful Real Estate Entrepreneur - https://www.thoughtfulre.com/ The Deals Workshop - https://thedealsworkshop.com/

Round Table | All I want for Christmas is....

Christmas is only a few days away, and you're probably wondering if you've got gifts for everyone on your list. Will they appreciate your gift? What about you? Have you thought about what to give yourself? We often think about other people more than ourselves. But there's nothing wrong with wanting something, especially when it comes to achieving your goals. So start thinking about yourself and invest in a course, coaching, or mentorship program to help you reach financial freedom.

Why is it important to focus on yourself this Christmas?

What's one thing you can look back on that has helped you achieve more financial success?

Success stories of people who have invested in themselves

Making Money In Your Underpants with Tate Litchfield

Sometimes we are compelled to make a decision that would forever alter the direction of our lives. And that's the very thing that happened to Tate Litchfield, a successful student of The Land Geek Program who has built passive income by applying what he learned from Mark Podolsky. But before that, Tate was supposed to go to Law School, So what made him change his mind? And why land flipping? Tune in to find out the full story in today's episode of Wealth Without Wall Street. Let's dive in!

Parental support is a crucial factor in a child's success.

Learning from great mentors gives you a competitive edge and helps you become more successful.

To succeed, you must take action and have the will to win.

Tate Litchfield

Tate Litchfield has a degree in international relations and was supposed to go to Law School, but something happened that made him decide he doesn't want to go back to school. So he searched for a more viable option and discovered land flipping. Tate is one of the star students of The Land Geek Program. Applying what he learned from Mark Podolsky, Tate has built a massive passive income stream investing in raw land. He loves riding and racing his bike and traveling in his free time. Tate is a cyclocross and road racer for the Allegiant Airline cycling team and is constantly looking for new adventures.

Round Table | Best Practices for Year End Wrap Up

It's the last month of the year, and it's time for reflection. Looking back, what are you thankful for? What do you wish you could have done differently? What are your plans for next year? A year-end review is crucial before you do any strategic planning for 2023. How will you know what to change if you don't do a year-end reflection?

What's one thing you took advantage of that has significantly impacted your life?

What resources, technology, or tactics have helped you that you would like to recommend to others?

What best practices can you share?

Resources: The Compound Effect by Darren Hardy - https://www.amazon.com/Compound-Effect-Darren-Hardy/dp/159315724X The Gap and The Gain by Dan Sullivan - https://www.amazon.com/Gap-Gain-Achievers-Happiness-Confidence/dp/1401964362 Microsoft To Do - https://todo.microsoft.com/tasks/

Behind The Scenes of Building a 7-Figure E-Commerce Business with Neil Twa

Is it a good idea to start a business right now? While many people are on a wait-and-see attitude due to the looming global economic downturn, is there a business that can withstand the impact of recession and inflation? There's one business that can do just that. E-commerce has sold more products in the last quarter than any other year. And for the first time, mobile sales have surpassed desktop sales. What does this mean? Joining Russ and Joey to talk about these things is returning guest Neil Twa. Neil is an Amazon FBA Expert who teaches his blueprint for building an e-commerce business that can generate a six-figure "almost automated income" in just 12 months with branding and real business building. If you're interested in building a 7-figure e-commerce business that can withstand the shifting markets, this episode is for you.

A recession-free business you should be investing in right now

Latest trends in the e-commerce space

The 4 Pillars of a 7-Figure E-Commerce Business

Neil Twa

Neil Twa is the founder and CEO of Voltage Digital Marketing. He has been launching, operating, and growing private-label e-commerce businesses for almost ten years now. Neil teaches his blueprint for building an e-commerce business that can generate a six-figure "almost automated income" in just 12 months with branding and real business building.

Round Table | What Exactly is the Wall Street Way and Why It's Wrong?

Wall Street, the most important financial center of the world, initially referred to the select group of independent brokerage firms that dominated the U.S. investment industry. As the trading hub of the biggest financial markets, Wall Street has dramatically influenced the American economy and the world. As a result, many people, especially our parents, have turned to Wall Street, hoping to accumulate wealth for their retirement. But is that the right move? With no one else to rely on other than their financial advisors and fund managers, people are vulnerable to fluctuations in the value of their investments. So what exactly is the Wall Street Way, and what is wrong with it?

First, what exactly is the Wall Street Way?

Why is it wrong, and how do you get out of it?

Finally, what's a better option?

Things I Wish I Knew About The Short Term Rental Business with Clint Lovette

Are you interested in getting into the short-term rental (STR) business? The biggest potential threat to you in the STR space is starting on the wrong foot and getting behind. But as long you know what to do and what you need to avoid, you won't regret investing in the STR space. So tune in and get some practical tips and insights as Russ and Joey interview their STR Operator and STR Course facilitator, Clint Lovette. Clint is a professional remodeling contractor who pays attention to detail and always strives to provide the best possible experience for his clients. As the Operator of Russ and Joey's STR business, Clint has gained valuable experience that he's willing to share with new operators so they can save time and minimize frustration when running a short-term rental business.

The difference between an experienced operator vs. a DIY operator

Why you should not rely too heavily on STR platforms like Airbnb and Vrbo

Offering curated experiences and other strategies to win in the STR game

Clint Lovette

Clint Lovette is a professional remodeler who takes remodeling to the next level. Since getting into the remodeling business 15 years ago, Clint has never stopped refining his business strategy, focusing on his clients’ needs. Clint is the operator of Russ and Joey's short-term rental business, which is one of their most profitable passive income streams

Round Table | Who Should Be Teaching Personal Finance to Our Kids?

Teaching kids about money is an uncommon practice in most households. Because of this, a lot of kids have a distorted view of money and its role in our lives. So who do you expect to teach your kids about money? As parents, it is your responsibility to educate your kids and prepare them to have a healthy relationship with money. Start early using practical activities and setting a good example for them to follow later. Discussing financial decisions with your kids paves the way for them to learn how to make wise financial decisions of their own.

What's your perspective on teaching personal finance to your kids?

Why wouldn't you want to let left-leaning institutions teach your kids about money?

What practical activities can you do to help your kids understand personal finance?

Our Passive Income Report - October 2022

There are turbulent times ahead within our economy, and it's only wise to talk about some practical things people can do to create safety. People fear things they do not understand. So one thing we can do to be confident during these uncertain times is to educate ourselves and learn to take control of our financial functions. Understanding how money works is a crucial factor for our financial success. In this episode, Russ and Joey discuss their October passive income report and ponder the strategy they should be doing as they approach 2023. A word of advice: Don't start the New Year with a goal. Start the New Year with a PLAN to accomplish your goal. October 2022 Income At-A-Glance: Gross Income for October: $106,532.45 Total Expenses for October:$64,793.45 Total Net Profit for October: $41,739.00 Difference b/t September & October: ($23,516.09) % of net profit to overall gross revenue: 39%

Round Table | The Best Tax Advice I Have Ever Received

Tax preparation is one of the challenges faced by anyone earning an income. Realizing that you're giving away a massive chunk of your income instead of that money going into your pockets is a stressful thought. But what can you do legally to minimize the taxes you pay? What advice have you received from other people? What does your CPA know about taxes that would benefit you? These are the questions that will be covered in today's roundtable.

The mistakes people make

The upgrades they take

The tactics you can use to put it all together

How To Win in the Passive Income Game as a Group with Jonathan Day, Matthew Hammond, & Brent Noblitt

What does it mean to become part of someone's inner circle? Access to life-changing lessons, support, and influence are just a few words that describe the benefits of being a part of a winning circle. In today's episode, Russ and Joey engage in a value-packed discussion with three Inner Circle members. Jonathan Day, Matthew Hammond, and Brent Noblitt talk about how they started their financial freedom journey and became friends as they shared their experiences. If you want to compress time and get years' worth of information in under an hour, make sure you listen to this episode. It will definitely be worth your while.

Hearing information isn't enough. You have to take action.

IBC offers unlimited potential to get you started on your financial freedom journey.

Being in a community of like-minded people challenges you to push forward and do things you never thought possible.

Jonathan Day, Matthew Hammond, & Brent Noblitt

Jonathan, Matthew, and Brent are three guys who found each other inside the Wealth Without Wall Street Community and became friends. Together, they traverse the path to financial freedom using the Infinite Banking System as their primary tool. Now, they share their knowledge with everyone willing to listen and take action. Resources: Becoming Your Own Banker by R. Nelson Nash - https://www.wealthwithoutwallstreet.com/infinite-banking Getting Started with The Infinite Banking Concept Webinar - https://go.wealthwithoutwallstreet.com/ibc-webinar

Round Table | Reasons Not To Implement IBC Debunked

The Infinite Banking System is life-changing. However, many people are unaware of its potential to help achieve financial freedom. In fact, a lot of so-called financial advisors would not encourage you to do it. There are a number of different beliefs that people have about life insurance policies and IBC, which prevents them from implementing this financial system. So how do we know the truth between what we know, what others say, and what we hear from the financial industry?

What I think about IBC

Things that others have told me that I believe

The lies that the financial industry has been perpetuating

The Greatest Lesson Learned from Top Entrepreneurs with Jim Sheils

As you try your best to provide for your family or build your business, you tend to spend too much time away from them, and before you know it, your kids have all grown up, and you barely know them. So how would you like to give your family the same focused energy and attention as you do with your business? Today's guest lays the foundation for building lasting relationships with your spouse and children. Jim Sheils says you only have 18 summers with your children, so make them count! Discover how to make each conversation meaningful and memorable in this heartwarming episode.

We deny our spouses and children two things: an authentic apology and a sincere compliment.

Family life has nothing to do with perfection. Instead, it's all about bridging imperfections and making the most of our time together.

Three guiding principles when it comes to having that one-on-one with your kids.

Jim Sheils

Jim Sheils is the author of the Amazon bestseller "The Family Board Meeting." He developed the Family Board Meeting process to help business owners bridge the gaps between themselves and their loved ones. He is the founder of 18 Summers, which specializes in live events, workshops, and private consulting for organizations looking to strengthen their family lives while still succeeding in business. He also owns a private real estate company that has done more than $200 million in transactions. Jim is an avid surfer and enjoys traveling with family and friends. Most of all, he loves spending quality time with his wife and kids. Resources: The Family Board Meeting by Jim Sheils - https://www.18summers.com/book

Round Table | Building Your Investor Buy Box

What do you have in your buy box? Paying attention to building your Investor Buy Box gives you the clarity to determine what factors are important to your overall financial strategy. In addition, having your buy box criteria helps you efficiently filter a vast array of investment opportunities to the most desirable assets that align with your Investor DNA. So have you built your buy box?

The vision and the goal

What are the components of the buy box?

What do we do when we change that box to fit our growth?

The Billion Dollar Round Table | Takeaways from the Passive Income Mastermind Retreat

Have you ever wondered what it's like to join the Passive Income Mastermind Retreat? Well, live events change lives. No doubt. That statement is especially true for the recent Passive Income Mastermind event. If you weren't there to experience the life-changing gathering, this is your chance to hear the billion-dollar takeaways from the retreat. So don't miss out! Listen up and get access to super powerful ideas that will change the way you view your current situation. In this conversation, Mark Podolsky and Sharran Srivatsaa join Russ Morgan and Joey Mure to discuss their biggest takeaways from the event and share the Path to 200% Passive Income with you.

When you can define what financial freedom means for you, you will gain clarity.

Being in the company of people with diverse ideas will enable you to see options you were unaware of.

Financial freedom is not just about gaining a lot of money, but it's more about having time for the things that matter most to you and taking care of your health.

Mark Podolsky & Sharran Srivatsaa

Mark Podolsky, also known as The Land Geek, has been buying and selling raw land full-time since 2001, completing over 5,500 land deals. He is the author of Dirt Rich, the ultimate guide to helping you build a passive income model in raw land investing. In addition, Mark is the author of two top-rated podcasts, The Land Geek and The Art of Passive Income. Sharran Srivatsaa is a serial entrepreneur and sought-after keynote speaker. He is the CEO of Highland Prime, the host of The Business School Podcast, and the top advisor to CEOs of multi-million dollar companies. Sharran is also a 4x Inc. 500 Entrepreneur with 5 exits in the last 19 years. In addition, he created the 5am Club for Entrepreneurs. Resources: The Art of Passive Income Podcast by Mark Podolsky - https://podcasts.apple.com/us/podcast/the-art-of-passive-income/id1125069143 The Business School Podcast with Sharran Srivatsaa - https://sharran.com/podcast/ Join The Car Rental Game with Matty J - https://www.carrentalgame.com/ The Talent Code: Greatness Isn't Born. It's Grown. Here's How. by Daniel Coyle - https://www.amazon.com/Talent-Code-Greatness-Born-Grown/dp/055380684X Connect with Guests: Mark Podolsky Website - https://www.thelandgeek.com/ Sharran Srivatsaa Website - https://sharran.com/