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.

How to Become A W2 Entrepreneur w/ Nichole Stohler

How do individuals like you and me get ahead financially? How do we build passive income that works for us in more ways than a traditional 401k or W2? Should we even care about a “Plan B” if we love our current job? On this week’s episode of The Wealth Without Wall Street Podcast, Nichole Stohler explains how she and her husband built a real estate investment business as a “Plan B” for their income. Her “Plan B” included building an 8-figure real estate portfolio of rental properties and commercial property investments including multi-family, single-family, and hotel properties. She shows that her properties currently generate four times the annual return of her company’s 401K during the same time-frame. She has dubbed herself a W2 entrepreneur and discusses how anyone can find financial security.

How to create your financial “Plan B” and earn income that works for you.

Where to begin researching different forms of passive income, particularly real estate investments.

Why we need a “Plan B” for our finances, even if our current job is enjoyable and pays well.

Nichole Stohler

Nichole has been in technology sales for 22 years and loves how fast-paced, dynamic, and diverse the industry can be. However, despite the love for her job, she believes we all need a way to create more financial security.

How I Learned to Wholesale 100 Homes a Month w/ Jamil Damji

We’ve all heard self proclaimed gurus talk about how making big money in real estate through flipping properties or wholesale. Yet, how do we begin that journey without getting in way over our heads and suffering a big loss? Jamil Damji started in real estate shortly after moving from Los Angeles. He fell into wholesaling almost by accident, but went forward with deals due to his knowledge in construction. Jamil’s daily passion now is to inspire others to follow their skills and abilities to the best of their ability. You don’t want to miss this important episode!

Why wholesaling is an optimal strategy for creating income.

Where to begin researching wholesale real estate and how we can take our first steps into the market.

How we can recover from a dramatic loss and learn from the mistakes of others.

Jamil Damji

In 2009 Jamil Damji lost everything, but decided to reconnect with his family and make the best of what he had left. He dusted himself off and got back into wholesaling, eventually meeting a group of individuals that would allow him to create a company with over 40 employees that averages over 70 wholesale deals a month.

When Can I Quit My Job? w/ Noah Boren

We’ve all had a time in our lives where we haven’t enjoyed working at our job. For some, it may be behind us, and we now find ourselves in a career we enjoy. For others, it might be a daily struggle just to get out bed in the morning. So should we consider quitting our job to pursue passive income? If we wanted to look into that, where should we start? Most importantly, WHEN should we look to quit our job? On this week’s episode of Wealth Without Wall Street, Noah Boren discusses his experience quitting his job as a postal worker to replace his income and find financial independence.

When the optimal time is to leave a job we hate and how we can replace that income with different strategies.

Where to begin when considering investments that allow us to quit our jobs.

How land-flipping and IBC can form a perfect dual investment option that compliment each other automatically.

What to Do When Healthcare Stops Paying w/ John King

We don’t like to think about unexpected health issues in our family. We often say that “we are too young or physically fit to be thinking about those things” and just push them to the back of our minds. Our health can be something we take too much for granted. So what do you do when an unexpected illness or accident occurs and your insurance says they will no longer be covering you or your loved one? What is the best way to leverage our capital to minimize the risk of being stuck with high bills for long-term care? How do we approach a topic like living wills when we often feel like we don’t need them? Where should we start looking and researching to find the best plans for us and our families?

Why individuals should start thinking about Long Term Care Insurance even if they are “young and healthy”

What the best methods are to approach creating living wills and other forms of long term care.

How to discuss this topic with elderly parents or relatives to ensure they have the best plan in place.

John King

John King is the Founder and Managing Partner of LTCi Plans.

Traylor Lovvorn On Emotional Resilience, Overcoming Addiction & Healing From Within

Achieving success involves so many aspects that go beyond money. It’s also about relationships, mental health and identity. If we don’t get this right, it can submarine our finances and create total havoc in our lives. Many people today are struggling with these other aspects, dealing with addictions, hidden shame and inadequacy. Why are so many men and women struggling with pornography addiction? How do we address our emotions and deal with them at the root? On this special Podcast Movement episode, we talk to the Executive Director of Undone Redone, Traylor Lovvorn, who shares on his life journey of overcoming addiction, learning, growing and healing through a lot of pain.

How pornography is a big challenge for many people

The importance of focusing on the present

Why pain isn’t something we should avoid

Real Estate & The 5 Centers of Profit w/Tal Simpson

There’s a reason why the wealthiest people in the world own real estate: it pays exceptionally well. What are some of the ways real estate can help us create wealth? What are profit centers and how do we lock into them? On this episode, real estate investor, Tal Simpson shares some of the surprising places we can earn a profit in real estate.

Profit centers that real estate provides, will be good for people just starting out in real estate.

5 ways real estate can pay you – he does real estate long term buy and hold.

5 ways – Cash flow, appreciation, depreciation, amortization, inflation

Why Land Flipping Is A Viable Option For Building Wealth And Generating Passive Income w/Mark Podolsky

Real wealth is generated through passive income. While we all know the benefits of life insurance in attaining a passive income, are there any equally effective alternatives? What is land flipping, and what makes it such a great option for generating passive income? On this episode, managing member at the Land Geek and author of Dirt Rich Mark Podolsky, shares how we can reap the benefits of land flipping and how to identify the best markets.

How big money can be found in the least appealing niches

Why land flipping is better when you follow the competition

How to reduce the risk when making land flipping offers

Dominating in Real Estate Investing by Investing in Yourself First w/Marco Santarelli

What This Episode Is About In the game of real estate investing and turnkey real estate, knowledge is power. Why is it so important to educate ourselves before diving into investing? Where can we find the relevant information we need to invest wisely? On this episode, investor, author, podcaster and Founder of Norada Real Estate…

How to Build Wealth Through Car Wash Investing w/Jim Dudley

What This Episode Is About To be a cash flow investor, we need to be in one of three businesses; laundromats, self-storage, or car washes. If we’re thinking of investing in car washes, how do we start, and how should we be structuring our branches? What are some of the challenges we may go through,…

The Entity In “Becoming Your Own Banker” By Nelson Nash – Book Review Part 8

What This Episode Is About There are so many different types of life insurance, that sometimes it can be difficult to work out which is best for you. Does it make more sense to take out a whole life policy, or is term life insurance more appropriate? Which is cheaper, and which will give you…

How to Build Passive Income With Short-Term Rentals w/Megan McCrea

What This Episode Is About Alongside convenience, platforms like Airbnb have become popular thanks to their options for reviews. We have to make sure we’re offering a service our market wants, and be willing to go the extra mile. Even if we’re not willing to put in the extra work yourself, we should consider hiring…