Round Table | The 10-Year Accelerator Question

Time is a limited resource, and it goes by so quickly. So how does the knowledge of having very little time per day influence the way you make life-altering decisions? Would you have made very different decisions ten years ago versus ten years into the future? Why or why not?

Financial decisions

Health decisions

Family decisions

Our Passive Income Report - September 2022

The September Passive Income Report contains so many lessons. As always, you can find inspiration in the things Russ and Joey are doing, or you can explore your own ideas. What works for them may not exactly work for you, but there are people in the Wealth Without Wall Street Community who are always ready to provide support, and there are courses you can take to get started. For September, a large chunk of Russ and Joey's income came from their land and short-term rental businesses. Unfortunately, they had a temporary setback with their Ethereum Miners. Still, they were able to pivot quickly. Making adjustments is a necessary skill when it comes to engaging in multiple types of business. So let's dive in, see the numbers, hear the lessons, and get excited about Russ and Joey's plans for the future. September 2022 Income At-A-Glance: Gross Income for September: $131,899.04 Total Expenses for September: $66,643.95 Total Net Profit for September: $65,255.09 Difference b/t August & September: $29,472.93 % of net profit to overall gross revenue: 49%

Round Table | I Feel Behind Financially, What Do I Do?

Many feel that, no matter how much money they make in their active income, they are still behind financially. If you think you're in the same situation, this episode is for you. So listen up and take the opportunity to gain clarity and discover ways you can get ahead in your financial freedom journey.

What is the problem?

What things have you tried? Did they work or not?

What is the solution?

What To Do If You Want All Of Your Stuff Lost In A Lawsuit with Garrett Sutton

When a business owner or shareholder is held personally liable for the debts owed by their business, that’s called “piercing the corporate veil,” and it happens in almost half of all lawsuits against single-member, small corporations, and limited liability companies (LLCs). So how can you protect yourself from a similar situation? Forming an LLC or corporation can protect your assets and offer other benefits. But only if you do it right. That's what Russ, Joey, and their guest, Garrett Sutton, will discuss in today's episode. Garrett Sutton, Esq. is a corporate legal expert and the personal asset protection attorney for Rich Dad founder Robert Kiyosaki. Garrett is the author of Veil Not Fail. He shares the critical information business owners, entrepreneurs, investors, and high-wealth individuals need to set up and maintain secure corporate entities to protect themselves from personal legal exposure.

Basic rules and corporate formalities you need to follow to keep your legal entities in good standing

How to avoid a default judgment

How to reduce your personal liability in the event of a lawsuit

Garrett Sutton

Garrett Sutton is a corporate legal expert and has been in practice for over 35 years. He assists entrepreneurs and real estate investors worldwide to protect their assets and maximize their financial goals through sound management and asset protection strategies. Garrett is highly sought after as a guest speaker and serves as a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki. In addition, Garrett has authored several successful books for business owners, including Start Your Own Corporation, Run Your Own Corporation, Writing Winning Business Plans, and Loopholes of Real Estate. These books are part of the bestselling Rich Dad, Poor Dad wealth-building book series. Resources: Veil Not Fail: Protecting Your Personal Assets from Business Attacks (Rich Dad Advisor Series) by Garrett Sutton - https://www.amazon.com/Bullseye-Business-Piercing-Veil-Corporations/dp/1947588168 Connect with Garrett Sutton: Corporate Direct Website - https://corporatedirect.com/

Round Table | What Would it Take to Create A Joint Venture?

If you want to expand your business or reach, forming a joint venture is one of the best ways. The opportunity to create joint ventures is tremendously exciting. It gives you access to more resources and technical expertise that you do not currently have. However, creating a joint venture is a big decision, and the setup depends on what you are trying to accomplish. So what would it take to create a joint venture?

Four core ingredients to every deal

Know your partner

Creating a win-win in every deal

How to Get a Million Dollar Portfolio of Property in 12 Months with 25k With Niti Jamdar & Palak Shah

The concept of counterfeit financial freedom is something that many people are not aware of. But once you experience the real thing, you'll never go the other way. Today's guests, Niti Jamdar & Palak Shah, have achieved true financial freedom through real estate investing using the BRRRR Method. This dynamic duo is known as The BRRRR Experts and Retired High Earners at 40. Tune in to this episode to discover how to build wealth by buying, rehabbing, renting, and refinancing your property, then repeating the process many times.

How to supercharge your portfolio in rental real estate

You have to master a few things if you want to scale fast

When you have an abundance mindset, opportunities come to you

Niti Jamdar & Palak Shah

Niti Jamdar has 20 years of experience in strategic leadership and was an Executive in Product Strategy and Finance for a Fortune 100 company. He is the strategic mind behind the exponential growth of Open Spaces Capital. After quitting her job as a mechanical engineer to spend more time with her kids, Palak Shah turned $25K into a 5M real estate portfolio in less than three years. She has been featured in publications such as Business Insider and BiggerPockets. Resources: Get the Free E-Book - https://www.openspaceswomen.com/ebook The CASHFLOW Quadrant by Robert Kiyosaki - https://www.richdad.com/the-cashflow-quadrant The One Thing by Gary Keller and Jay Papasan - https://the1thing.com/book/ Connect with Niti Jamdar & Palak Shah: Website - https://www.openspacescapital.com/the-owners Instagram - https://www.instagram.com/openspaceswomen/

Round Table | Questions from the Community

The best thing about being in the right community is getting support and guidance from like-minded people. In today's round table, Russ, Joey, and the Financial Freedom Coaches gather to answer questions from the community. The questions revolve around Infinite Banking, passive income, creative options, etc. Tune in to hear reliable information from these experts who have been implementing what they teach.

Is the Short-Term Rental Business Dead? with Kyle Stanley

With competition and interest rates rising, is it still a good idea to venture into short-term rentals? Today's guest says YES! Kyle Stanley created his path to financial freedom through Airbnb. Kyle teaches others how to navigate the challenges of starting and growing a short-term rental business through his Mastermind sessions and his Mentorship Program. He started The Fearless Investor in 2019 (originally called Fearless Flipping) to help others learn about investing in real estate. Kyle is a returning guest. You can catch his previous episode here: https://www.wealthwithoutwallstreet.com/podcast/the-fearless-investor-kyle-stanley

How to rise above the competition

Two ways you can start doing short-term rentals

How to navigate the current challenges in the short-term rental industry, specifically with Airbnb

Kyle Stanley

Kyle Stanley has been to many places in his career. He was a TV sports anchor, ran a sports videography, joined a recruiting business, and did a few sales jobs. It wasn't until September of 2018 that Kyle started to understand the power of real estate. The real “ah-ha moment” came when he fully invested his attention into Airbnb. In 5 months, Kyle went from $1,000 per month to $15,000+ per month! Fast forward to 9 months in, he was grossing over $25K! From there, he continues to grow his portfolio and his wealth. Kyle now teaches others how to build a profitable short-term rental business through his Masterminds and Mentorship Program. Connect with Kyle Stanley: Website - https://www.fearlesskyle.com/ Facebook Group - https://web.facebook.com/groups/airbnbmasterminds YouTube - https://www.youtube.com/channel/UCBPF4xCAE8n_Aat4-U8K0zQ Get $500 OFF on Kyle's Mentorship Program: Email: info@fearlesskyle.com with the Subject Line: Wealth Without Wall Street

Round Table | How to Invest in Deals Without Writing a Check

Did you know that the biggest challenge to financial freedom is the lack of access to cash? But who said you need to use your own money to start making deals and building wealth? Russ even says that writing a check is the worst way to make a deal. In today's round table, Russ, Joey, and the Financial Freedom Coaches discuss three ways to invest in deals without writing a check. So get ready to learn how to leverage the following resources to participate in investment opportunities.

Other People's Money

Creative Financing

Expertise/ Sweat Equity/ Intellectual Capital

Our Passive Income Report - August 2022

When you invest in different businesses, there will always be times when you'll experience hiccups, get distracted, and slow down on your marketing efforts. Other times, some things happen beyond your control. For August, Russ and Joey had some challenges which negatively impacted their passive income. Pay attention as they discuss the events of the past month, the lessons they learned, and what they could have done differently. They also share some exciting updates, like the sale of Chelsea Manor and the rebirth of 100 Unicorns. August 2022 Income At-A-Glance: Gross Income for August: $458,825.43 Total Expenses for August: $423,043.27 Total Net Profit for August: $35,782.16 Difference b/t July & August: ($19,600.13) % of net profit to overall gross revenue: 8%

Round Table | Paying the Penalty with My IRA

IRAs and other traditional retirement plans are designed to be left untouched until you retire. But what if you need cash flow for significant expenses? Should you make an early withdrawal? Your IRA has a hidden penalty you probably didn't even know existed—think about that for a second. Are you willing to pay the penalty? Tune in to today's discussion that covers 3 key aspects of your IRA so you can fully understand how much you pay in penalties when you put your money where it should not be.

Education - What are the facts?

Mindset - Are you terrified of your ability more than the penalty?

The Financial Aspect - What is the math behind this thing?

The ABCs of Land Flipping with Mark Podolsky

Did you know that investing in raw land has more potential than investing in other forms of property? In fact, land flipping has been a steady source of passive income for Russ and Joey for the last couple of years. In today's episode, they interview The Land Geek, Mark Podolsky. Mark has been buying and selling land full-time since 2001 and has completed around 6,000 land deals with an average ROI of over 300% on cash flips. Isn't that a great path to financial freedom? So if you want to know how to start your own land flipping business, tune in to this episode where Russ, Joey, and Mark talk about the ABCs of land flipping

You don't need a lot of money to start investing in raw land

Steps to starting your land flipping business

Why land flipping is a great way to build passive income

Mark Podolsky

Mark Podolsky, also known as The Land Geek, is the author of Dirt Rich, the ultimate guide to helping you build a passive income. He has been buying and selling land full-time since 2001 and has completed around 6,000 land deals with an average ROI of over 300% on cash flips and over 1,000% on the deals he sells with financing terms. Before his land investing success, Mark had a high-stress, soulless corporate job and felt trapped in a state of solo-economic dependency (i.e., his income stopped as soon as he stopped working). Connect with Mark Podolsky: Website - https://www.thelandgeek.com/

Round Table | What's Investor DNA?

When thinking about investing, are you the type of person who wants to try different things and see what works out the best, or are you someone who knows exactly what you want to do? Science has proven that genetics plays a role in determining your natural tendencies. In the same way, knowing your Investor DNA will help you determine which investment opportunities are more suited to your personality. So, if you want to eliminate the frustration of doing trial and error, it's best if you find out more about your Investor DNA.

When is the Investor DNA the right thing to do?

What are the lessons we learned along the way?

How do we connect investments to our Investor DNA?

Compress Time by Investing With Others with Travis Smith

How often have you seen a deal but hesitated because you didn't have enough capital or felt you didn't have enough support? Of course, doing things all by yourself can be challenging, especially when investing. But what if you have a tribe of people rooting for you and ready to support you? In this episode, Joey and Russ interview Travis Smith, Founder & CEO of Tribevest, a collaborative group investment platform that enables friends and family to organize as an investor group, pool money, and manage joint investments. To understand more about how you can start engaging in joint investments without the stress of worrying about the legal documentation and processes, tune in to this episode where Travis explains all these and more!

The benefits of being in a tribe

The real meaning of being an investor

How failure can lead to success

Travis Smith

Tribevest CEO, Travis Smith, dreamed out loud about building generational wealth and forever altering his family’s financial trajectory. However, he’d never been introduced to ways of private investing, and wealth-building seemed out of reach. Travis and his brothers realized they could overcome their lack of experience and know-how if they worked together. But they had to confront the more obvious and immediate barrier—they lacked the capital required to break into wealth-building, freedom investments. By forming and funding an Investor Tribe, they unlocked a new future and the secrets of the wealthy. Connect with Travis Smith: Website - https://www.tribevest.com/

Round Table | Lessons From Failure

Do you consider failure as a sign of defeat? Maybe if you give up after a few tries, but not if you choose to move forward. Nobody wants to fail, but you need it for your growth. Failure allows you to build wisdom, character, and resilience. There is no single path to success; as long as you learn from your failures and keep trying, you will eventually achieve your goal. So don't let failure paralyze you. Instead, let it teach you how to face your fears.

How do you define failure?

How does being in the company of failure help us?

How do we become resistant to failure?

The Time I Bought a CPA Firm and Robert Kiyosaki was a Client with Tom Wheelwright

Taxes take away a big chunk of our income. No wonder most people look at it negatively but did you know there are legitimate ways to reduce your tax payments? Today's guest believes that taxation is actually one of the most powerful tools for wealth creation. In this episode, Joey and Russ interview Tom Wheelwright, an entrepreneur, bestselling author, Rich Dad Advisor® & International Authority on Tax. He is the CEO of WealthAbility, a company that offers a clear and simple guide for reducing taxes to start building your massive passive cash flow. Tom's goal in life is “to make taxes fun, easy and understandable.“ Tune in as Tom shares what he learned from his CPA practice and from Robert Kiyosaki himself.

How to find a great CPA and Tax Advisor

Examples of legal tax incentives

The importance of keeping good accounting records and proper documentation of all relevant transactions

Tom Wheelwright

Tom Wheelwright is an entrepreneur, bestselling author, Rich Dad Advisor® & International Authority on Tax. He is the CEO of WealthAbility, a company that offers a clear and simple guide for reducing taxes to start building your massive passive cash flow. Tom's goal in life is “to make taxes fun, easy and understandable.“ Resources: Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors) by Tom Wheelwright, CPA (Chapter 23 is all about How to Find a Great Tax Advisor) - https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058 The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make by Tom Wheelwright, CPA - https://winwinwealthstrategy.com/ Connect with Tom Wheelwright: Website - https://wealthability.com/ The WealthAbility® Podcast - https://wealthability.com/show/

Round Table | Coaches Corner: 3rd Quarter 2022 Update

Someone said that accountability breeds trust among individuals and their groups and increases the likelihood of success. It helps you strive to be better than the last time. It gives you the confidence to move forward, even during challenging times.

What have you been up to since the last quarterly update?

What other opportunities are you looking to invest in?

What are the things you're working on that will get you to financial freedom this quarter?

Wall Street is the Modern Version of Organized Crime with Jason Hartman

What do Wall Street and organized crime have in common? That's what we're going to find out from today's guest. But, if that's not enough to get you listening, there are other reasons you should, especially if you're interested in learning more about real estate investing and becoming an empowered investor. In this episode, Joey and Russ interview Jason Hartman, CEO of Empowered Investor and Real Estate Tools. Jason is the host of Creating Wealth Podcast and a successful entrepreneur, public speaker, author, and media personality. Resources: War on the Middle Class by Lou Dobbs - https://www.amazon.com/War-Middle-Class-Government-Business/dp/014311252X Robert Allen Real Estate Books - https://www.robertallen.com/main Get a Free Account - https://propertytracker.com/

Three basic problems you will have when you relinquish control to somebody else

Why you should invest in single-family homes over other asset types

The benefits of being an empowered investor

Jason Hartman

Jason Hartman® is the CEO of Empowered Investor and Real Estate Tools. Starting with very little, Jason, while still in college at the age of 19, embarked on a career in real estate while brokering properties for clients. He was investing in his own portfolio along the way. Through creativity, persistence, and hard work, he soon joined the ranks of the top one percent of Realtors in the U.S., earned many prestigious industry awards, and became a young multi-millionaire. Connect with Jason Hartman: Website - https://www.jasonhartman.com/ Podcast - https://www.jasonhartman.com/podcast/ YouTube - https://www.youtube.com/c/JasonHartmanRealEstate

Round Table | How Can I Supercharge My IBC System?

If you’ve spent some time listening to this podcast, you’ve probably heard a lot about the Infinite Banking Concept or what Nelson Nash called “Becoming Your Own Banker.” You've probably also heard about how you can create passive income streams and build wealth using your life insurance as a source of cash flow. So what else can you do with IBC? How can you supercharge your Infinite Banking System? Get ready for another supercharged conversation in today's Round Table.

Things you can stop or start doing to help you find cash flow

Partnerships and how you can win with others

Thinking out of the box and expanding your horizon with some crazy ideas that you can do with IBC

Our Passive Income Report - July 2022

What is that one dream you're not willing to give up on? Russ and Joey's vision is to have a 200% passive income greater than their monthly expenses. Everything they've been doing is aligned with that dream. What about you? What are you doing to achieve your goal? If you're not sure what the next steps are to pursue your dream, tune in to this episode. You might discover an idea that will inspire you to take action. July 2022 Income At-A-Glance: Gross Income for July: $129.820.05 Total Expenses for July: $71,463.61 Total Net Profit for July: $58,356.45 Difference b/t June & July: $2,974.16 % of net profit to overall gross revenue: 45%