Current Events: Coronavirus and the Market Drop

The Dow Jones plunges more than 2,000 points, the largest decline since 2008, as coronavirus fuels market turmoil.” If you’re living in the Wall Street mindset, it might seem like the sky is falling. But on this week’s episode, Joey and Russ want to tell you why this is the perfect wake up call to begin your journey to financial freedom. In these moments of uncertainty and violent swings, they tell you what you can be doing to find passive income and eliminate the stress of seeing red on the NYSE. If you’re tired of riding a financial roller coaster, this episode will help show you what you can do to change that.

Why the Wall Street mindset is the wrong way to think when it comes to retirement.

How you can begin finding methods of passive income that provide real, tangible growth without locking your money into stocks or bonds.

Why now is the perfect time to start questioning what you’ve been taught about investing your whole life.

The Pursuit of Excellence W/ Aaron Walker

Are you currently where you want to be in your life? If you aren’t, what’s holding you back? What are you doing to make 2020 a more explosive and successful year than 2019? If you want to become a must-have expert in your business, personal and spiritual life, a mastermind group will not only help you to become successful but significant. If you feel like you constantly are fighting uphill in your business or can’t find a way to maximize your growth, then this is an episode you MUST listen to.

How to live a life of significance and constantly pursue excellence in both your personal life AND your business.

How anyone can create a mastermind from scratch and find success.

Why it is so important to find the right group of people to hold you accountable, especially when joining a mastermind group.

Aaron Walker

Aaron started his entrepreneurial journey at the age of eighteen when he started his own business. Nine years later, he sold that business to a Fortune 500 company for over seven figures. However, he didn’t feel fulfilled by just selling his business and thought there had to be more he could accomplish. Since then, Aaron has started, bought, and sold fourteen successful companies over the past 36 years. Aaron now works with Iron Sharpens Iron Mastermind, which works to help men grow and be accountable in every aspect of their lives.

How to Create Passive Income with Wholesaling Lease Options w/ Joe McCall

We’ve often heard our listeners ask us “How can you begin investing in real estate without having extensive funds?” The answer is simple: You need to use creative strategies! Our guest on today’s show is the legendary guru of wholesaling, Joe McCall. He had always heard that real estate was a great way to provide passive income, but he struggled to really get it off the ground. When he got tired of spending over $3,000 a month in marketing for his wholesaling business, and throwing away so many leads from unmotivated sellers, he knew there had to be a better way. That’s when he came across the special niche he calls “Wholesaling Lease Options”. As soon as he started implementing his simple, unique system, within 3 months his part-time income had surpassed his full-time income. Joe tells our listeners what wholesaling lease options are, why they are such a powerful tool for providing supplemental income, and how they can automate a majority of the business to sell properties wherever and whenever they want. If you’ve never heard of wholesaling in real estate or don’t think you have the funds to start investing, this is an episode you cannot afford to miss!

What makes wholesaling lease options different from other forms of real estate that we’ve discussed on this podcast before.

How you can begin transitioning from a full time corporate job to making more money by flipping properties part time.

Why it’s important to prove that you can earn some revenue in your new venture before quitting your job.

Joe McCall

Our guest on today’s show is the legendary guru of wholesaling, Joe McCall. Joe has been investing in real estate for over a decade, has sold over a hundred properties, and taught his students to sell hundreds more. Before he started working on his real estate investing business full-time, he had worked for several large engineering & construction companies all around the country.

Life-Changing Moments w/ Dr. Lance Ellis

We like to say that we often compare our financial health to our physical health. We never think we’re in incredibly poor shape, but we know there are areas that we could improve. Our guest on today’s show, Dr. Lance Ellis, began to see the correlation between the two after he had a heart attack in his 40s while on a ski trip with his wife. Dr. Ellis then talks about how he discovered IBC through Joey and Russ and how he is now taking the right steps to secure his financial freedom. This is a great episode for those who think their finances are “fine” and how to turn them into something you can live comfortably off of!

How our mindset can be misaligned for financial freedom and how we think we’re doing all the right things, when in reality we could be approaching them better.

Why thinking “I’m doing fine” with your finances may not be enough to get you where you want to be going.

How to change our mindsets to be more proactive about our financial health, and what we can do to maximize our growth.

Dr. Lance Ellis

Dr. Ellis is a board-certified orthopedic surgeon out of Waco, Texas. He explains how he thought he was doing the right things to secure his financial freedom, but in reality he was just doing what other people had told him to do. Despite his investments in Roth IRAs and 401ks, he discovered two key problems with these investments: the money was almost completely illiquid and the growth rate wasn’t significant.

5 Mistakes New Landlords Make and How to Avoid Them w/ Brian Davis

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ sit down with Brian Davis to discuss 5 common mistakes new landlords make when they begin investing in real estate. Brian describes his goal for others as creating more fluid and easy to grasp processes of automating real estate, so people can reach financial freedom faster. This is a perfect episode for those who are interested in property management but want to avoid some of the common mistakes that many find themselves making when they are just getting started.

Why everyone should start seeing rental properties as a great source of passive income.

What processes you can automate to streamline rental and management tasks and which processes you should keep doing manually.

How to properly assess your progress and recognize if you are on the right track or making careless mistakes.

Brian Davis

Brian is the co-founder of SparkRental, an automated landlord software, and is a nationally recognized rental industry expert. He explains how he began investing heavily in real estate during the housing bubble in 2005, how the market crash left him with dozens of negative cash flow properties, and what he did to rebuild his passive income to over $20,000 a month in rent.

Growing Your Wealth, Power, and Influence w/ Jason Stapleton

What is one of the most important things to have, whether it’s in your personal life or in your business? A strong personal brand. But how do you grow your brand to rise above the noise? What can you do to set yourself apart from the thousands of other voices fighting for attention? Our guest tells our listeners the three steps to strengthening a person’s brand into a successful one, and what they can do to set themselves apart in a sea of businesses. He also explains the best ways people can bring value to their personal brand, what they are missing, and the key thing they need to be doing to see real, lasting results. This episode offers information for growing your brand from one of the best of the business, so you definitely don’t want to miss this conversation with Jason Stapleton!

How to quickly establish trust & likability with your audience and constituents.

What you are doing now that could be hurting your brand growth and how to fix it.

Why having a strong personal brand is vital to creating a successful business or show, especially in today’s saturated market.

Jason Stapelton

Our guest on today’s show is Jason Stapleton, an expert on brand consultation and growth. Jason grew his first company, Trade Empowered, into a multi-million dollar brand and is now one of the largest and most well-respected trading education companies in the world.

7 Ingredients to Becoming a Person of Influence w/ Coach Micheal Burt

Are you tired of chasing people around to find consumers, partners, or investors? What if there was a way to make yourself a person of interest and draw people to you instead? Our guest on today’s episode is Coach Micheal Burt. Nicknamed “The Super Coach”. He explains the four characteristics that every person needs to have in order to become a person of interest and actively draw people to you. Coach Burt also explains the importance of having a coach or a mentor in any endeavor you pursue. He even shows how a good coach can help you earn 3-4x more than those who don’t have a coach. This is an exceptional episode at showing how mastering these techniques and finding a coach that works with you can explode a person’s growth, both in their business and their personal lives.

How to bust through both your business and personal ceilings, and grow your brand as a person of interest.

Why it’s important to go from a person that others say is “nice to have” to a person that others NEED to have.

How to invest in the four characteristics that every successful person of interest has.

Coach Micheal Burt

Coach Burt is a unique blend of a former championship coach with an entrepreneurial mindset. He has quickly become the go-to business coach for aggressive minded companies in competitive and saturated markets who want to look different, run faster, and be agile.

The Prodigal Son of Infinite Banking w/ Jonathan Sanders

We’ve all second guessed ourselves at some point in our lives, especially when it comes to financial decisions. However, is there anyway to go back to a plan after abandoning it? How do we decide what’s truly right for ourselves and our families? Today’s episode talks about a client and friend of Wealth Without Wall street, Jonathan Sanders.He shares his personal journey of being exposed to Infinite Banking, but canceling his policy after only 7 months. He then explains what brought him back to it, and how he determined it was the right decision for him. He calls himself the Prodigal Son of Infinite Banking. He walks through the emotions behind his journey, the doubts he had along the way, and ultimately, the idea that the product is never meant to be the savior, but rather how the product changes you on your financial journey. His story is humbling, eye opening, and inspiring, and if you are someone who struggles with doubts in the world of financial freedom, this is an episode you cannot afford to miss.

How to evaluate the best way to live comfortably while still living within our means and our budgets.

Why it’s important to surround ourselves with people that challenge the way we think about finances and help us think outside of the status quo.

Why change is so important to not only understanding Infinite Banking, but living a life that compliments it and maximizes your returns.

Jonathan Sanders

Turning Your Phone into a Money Making Machine w/ Ann Sieg

What if there were a way to use your phone to generate a profit for you every time you went shopping? What if you could use this method to create a business that passively generates income straight from your phone? Ann and her team have trained over 6,000 people to generate quick cash flow from the simple retail arbitrage method. Many have gone on to buy new homes, quit their jobs, pay off debt, assist family members and enjoy the mobile lifestyle of travel and adventure.. Even if you know nothing about Amazon, Google Adwords, or anything else about online selling, this episode is an incredible listen to get started on using these marketplaces as a means to generate passive income.

How to determine the best products to buy in bulk and sell at a profit online.

When to scale your business to increase cash flows and how to properly scale it to maximize your income.

How to identify the best tools for bringing your business to the top of search engine results.

Ann Sieg

Our guest on today’s show is Ann Sieg and she discusses how to shop your way to wealth by purchasing items in bulk and then sell them for a profit through things like Amazon. She explains that using these services is one of the best methods of cash flow generation. It is also a business that after its initial setup is designed to be hands off, thereby generating passive income.

Stop Trading Time for Money

Are you tired of waking up in the morning and saying I HAVE to go to work today? Do you feel like all of your time is consumed thinking about or working to earn money? Is it easy for you to say I have to do this to ensure you have enough to cover all of your expenses? Joey and Russ sit down today to discuss how people can stop trading their time for money. They break down the financial formula and why maximizing your passive income is the key to finding financial freedom and achieving the flexibility that seems impossible at your current job. They also explain that there are multiple avenues for creating passive income and that there isn’t a one size fits all approach that dictates financial freedom. Finally they discuss what to do with that income once the money starts flowing in, how to maximize that income, and how to properly pay down our debts. This is a crucial episode for any of our listeners that have been asking themselves “How do I finally stop trading my time for money?”

Why passive income is the most important thing when looking to maximize both your time and your money.

How we can earn income today that we can use to grow our assets and increase our passive income.

How to properly pay down our debts and why knowing the correct way to pay down debt is crucial to financial freedom.

Playing the Financial Cash Flow Game in Real Life w/ J. Massey

Should we fear failure as much as we do in today’s culture or should we embrace it and learn from it? J. explains that it’s important to fail fast, fail forward, and fail frequently. Failure is not something we should run from or never expect, but something we should embrace as an opportunity to learn from our mistakes. J. also explains why we should start investments before we feel like we are fully ready because starting an investment now will always be more valuable than starting one later, even if you have a few missteps along the way. This is an incredible episode showing not only the benefit of real estate investments and cash flow, but why it’s important to talk about the low moments in a success story in addition to the financial freedom it can provide.

How to recognize we can often handle more work than we feel like we can and how to embrace that mentality to push ourselves forward.

How our excuses are manifestations of our fears and how they will often hurt us more than any failures we would face moving forward.

How to fully value our time to money ratio and maximize the amount we can be “earning” at any given hour.

J. Massey

J. Massey is our guest on today’s episode and he argues how important failure is to our long term success. In just six years, J. went from selling his possessions on eBay to building an impressive real estate portfolio of over 300 units that includes residential and commercial properties, as well as private notes and mortgages.

What the Wealthy Do With Money That You Weren’t Taught w/ Chris Naugle

Have you ever considered that banks can only make a loan from your deposits? Let that sink in for a moment. Should your deposit be working for you or for them? Today Joey and Russ discuss with Chris Naugle how the wealthy understand this concept and use it to their advantage. Chris explains that he earned his wealth by learning and imitating what the wealthy ACTUALLY do rather than what they tell others to do. This is an exceptional episode for those wondering why financial advisers try to dissuade individuals from alternative investments and the steps you can take to begin building wealth like Chris.

How to get off the perpetual hamster wheel of “earning money” then “feeling broke” and finding actual long standing wealth.

How to secure others’ money to become the bank for any investment you are looking to finance.

What tools the wealthy use outside of Wall Street to secure investments and attain financial freedom.

Chris Naugle

Chris Naugle has dedicated his life to being America’s #1 Money Mentor. His success story includes managing over 30 million dollars in the financial services and advisory industry and tens of millions in real estate business, with over 200 transactions and an HGTV pilot show since 2014.

Journey to Financial Freedom w/ Tal Simpson

On this week’s episode of the Wealth Without Wall Street Podcast, Joey and Russ bring Tal Simpson back to explain how he originally got into real estate investing and how The Infinite Banking Concept was a cornerstone to building his properties. He went from owning zero properties and working a job he disliked to owning over 60 rental properties and creating financial freedom in less than 2 years. This episode is phenomenal for any of our listeners looking to learn the foundational concepts of rental properties, The Infinite Banking Concept, and developing passive income.

How IBC and Real Estate Investing work in tandem to create incredible financial growth and why you should always use IBC when looking into real estate.

How to properly utilize the cash you borrow against the policy to maximize growth in your investments.

How to escape the mindset that we are locked into working a 9 to 5 corporate job and how to find ways to turn what we enjoy doing into success.

Tal Simpson

Tal explains the steps he took once he learned about IBC to build his real estate investments, the mistakes he made along the way, and how he was able to grow his properties in a practical and efficient way. He also tells our listeners how they can learn from experiences like his and what is most important to know when looking to get into real estate investing.

How to Create 6 Figures in Less Than 6 Months With AirBnB

Real Estate is a crucial pillar of wealth when it comes to financial freedom, but what if you don’t want to actively own or manage a property? Brian Page is our guest on this week’s episode of The Wealth Without Wall Street Podcast, and he discusses how he built a business with AirBnB properties. He explains his “formula” that allowed him to earn $117,000 in 6 months and over $300,000 his first year. From there, his business grew to hundreds of properties and since then, he has begun teaching others the same process of renting out on AirBnB. He’s now taught thousands of people who have rented properties in all 50 states and 38 countries. This episode is perfect for our listeners looking to grow their passive income with little to no experience in real estate.

How to create passive income through AirBnB without owning a single property.

How to outsource different tasks when managing properties: from the front desk to maintenance to cleaning up the property between guests.

How to make the idea of leasing properties and renting them through AirBnB a “win-win” for both you and property owners.

Brian Page

Brian discusses his challenges of building passive income without any properties, limited cash in the bank, and terrible credit from a previous business flop. That’s when he discovered leasing properties and renting them through AirBnB. He found a property that cost him $50 a day to rent and he was able to earn $150 to $200 a day by offering it as a nightly rental to guests visiting his city.

The Infinite Banking Concept (IBC) Explained in “Becoming Your Own Banker” by Nelson Nash: Book Review Part 9

On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ sit down to discuss R. Nelson Nash’s book, Becoming Your Own Banker, and how its serves as a critical piece in understanding the foundation of The Infinite Banking Concept. They explain Infinite Banking by looking at the story of two sisters buying cars and how, despite using their money in almost identical ways, one sister is able to grow her wealth over $700k more than her sister’s account. Russ and Joey begin to break down how each life insurance policy works like its own business. Similar to starting a business it takes a few years before the the profits/cash values equal the annual outlay. However, these future results are tremendous only if you treat that company properly and use your money proactively. Joey and Russ complete this discussion by sharing a few examples on ways to maximize the idea of making your money work for you. This is an incredible episode for anyone looking to understand the basics of IBC and why so many people swear by it as a method of long term passive income and financial freedom.

How small differences in managing money can result in tremendous growth over others.

How life insurance properties work with IBC and how they can essentially function as their own business.

What the best methods are for managing your money effectively to maximize your cash flows.

Failing Forward to Financial Freedom w/ Mitch Stephen

A lot of times the path to financial freedom isn’t straightforward or without failure. So what do we do when we run into those barriers? How can we overcome challenges in our lives and build successful businesses and investments? Mitch discusses the importance of working through ups and downs along our path to financial success. He also explains that financial freedom is only the first step in a line of creating successful businesses and, while money is a phenomenal thing to have when you get started, it isn’t the only end goal we should be pursuing. This episode is a must for anyone experiencing failure or challenges on their path to financial freedom!

How to find the right people to help you build a successful firm in real estate without having to be a full time landlord.

How failures often teach us vital lessons on how to improve and why Mitch’s own failures led to his success today.

How to find what works best for you when investing in RE and understanding that there is no one size fits all approach when it comes to starting a firm.

Mitch Stephen

Mitch Stephen joins us this week to share his experiences from his latest book which he titled “MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom.” Mitch has been a self-employed RE investor for over 20 years and he began learning real estate at only 23 after reading Robert Allen’s book “Nothing Down”. He has been buying and selling a home or property every 4 days for over 10 years. He explains how he perfected a method of achieving cash-flow without having to be a landlord and creating a business where others do the majority of the work for you, rather than having to invest all of your time managing every detail.

The Path From Zero to 150 Flips in Two Years w/ Steven Pesavento

We’ve talked before on the show how profitable house flipping can be, but what if you want to try flipping properties remotely in states that you don’t live in? Is that even something you can get into, and if so, where would you look to start? Joey and Russ sit down to talk with Steven Pesavento about building a remote real estate business where he flipped 150 houses in states he didn’t even live in. He created this business in just two years! Steven also discusses the importance of good entrepreneurship and how we have to invest in ourselves in order to find the success we crave. Growth isn’t something people achieve overnight and Steven shares his tips on when to push through a difficult moment in your business and when to become more frugal with your spending. This is a phenomenal episode packed with great information that you don’t want to miss! So click the link below to listen now!

How to Steven grew his real estate investments from zero deals to 150 within two years.

How to push through barriers we face and what we can do to maximize our growth.

How to know when it’s time to ramp up your business / team and when it’s time to be more frugal.

Steven Pesavento

Steven now flips over 75 homes a year and works hard to explain how he achieved his success with others. In this episode, he shares several of his secrets for success, including how he keeps his real estate business full of profitable deals, how he follows up with qualified leads around the country while working from Denver, and, most importantly, the strategies he used to get good at closing deals while working for someone else!

Using Your Home to Achieve Financial Freedom w/Craig Curelop from Bigger Pockets

We all know there is no “one size fits all” approach to investing in real estate. So, how do you get started in investing when you have little to no capital? Can real estate be a viable method for young adults looking to start their journey to financial freedom? What if there was a way to use the property you already own to generate passive income? While there were sacrifices to this style of investing, Craig says it was well worth the initial struggles. Two years later, he is financially independent and gone on to do three “house hacks”, a flip in Jacksonville, FL, and lent on a condo-conversion in Boston, MA. Today he is working with BiggerPockets to show others how they can do the same.

What house hacking is, and why it’s one of the best methods for building passive income.

How to get started house hacking, even when you have low income or low savings.

How to find the ideal property in a competitive market and maximize income.

Craig Curelop

Craig Curelop (aka the FI Guy) is a real estate agent, investor, and author. He graduated from Northeastern University with over $90,000 in student loan debt and a net worth of negative $30,000 in 2017. That is when Craig discovered the idea of “house hacking” and how it could help him achieve financial freedom. Craig used various tactics to earn more, spend less, and invest the difference wisely. He rented out both floors of a duplex, including the bedroom he was living in, to earn passive income.

Unlocking My Mind and My Home Equity w/ Garrick McCarty

We all have habits that dictate how we approach different scenarios in life. Financial biases are no exception. Garrick explains his journey of educating himself on IBC and how he had to retrain his way of thinking so he could enjoy having his money working for him. As a long time listener and friend of the Wealth Without Wall Street family, he discusses his experiences becoming familiar with our Community and IBC. This is an episode you definitely don’t want to miss!

Why Educating Yourself in Infinite Banking can be a Game Changer for your Finances.

How We can Become Stuck in our Biases of What We Know.

How to Reteach Ourselves New Ways of Financial Thinking.

Garrick McCarty

Garrick McCarty tells about how he struggled to understand why others were using cash value life insurance to store their cash until he was turned down for a home equity line of credit. His plan had been to pay off his house as quickly as possible, but he learned that when he needed his cash back, he no longer was in control.

How to Create an Automatic Real Estate Business w/ Dustin Heiner

Investing in Real Estate and Financial Freedom seem to go hand in hand with one another. We often talk about just how important Real Estate is to creating passive income and many guests on our show reiterate that point. However, what steps can we be taking to create an automated business that will allow us to generate that income? How do we mitigate the risk of taking that first step into the market? Is this something anyone can really do, even without a background in Real Estate?

Why You Should Learn How to Invest in Real Estate

How You Can Build a Real Estate Business that Operates Autonomously

Where to Find Investment Property Deals Through Websites

Dustin Heiner

Dustin Heiner discovered his passion for investing in rental properties after he was fired from his job. He explains that passive income does not happen quickly, nor is it a get rich quick scheme. It takes time and knowledge to build a profitable passive income business. Dustin is the author of several best selling books including Successfully Unemployed: 16 Real Life Lessons You Must Learn Before You Quit Your Job and Live the Life of Your Dreams.