Down But Not Out with Maureen McCann

How do you deal with failures and disappointments in life? Do you give up and just give in to whatever life throws at you? Anyone can experience temporary setbacks. However, the important thing is not the setback or failure but your attitude after the event. As they say, you may be down but not out. When you open your eyes to see the lesson in an unpleasant experience, you take action to create a better future for yourself and your family. In today's episode, Russ and Joey converse with Maureen McCann, co-founder of Spartan Invest. She shares an interesting story that led her to focus on real estate to build wealth and live a better life.

How to bounce back from setbacks

How to bet on yourself and push forward to reach your goals

How to start investing in real estate even when you don't have enough money

Maureen McCann

Maureen McCann co-founded Spartan Invest in April of 2014. As the Director of Wealth Building, Maureen brings over 20 years of sales and marketing experience in the turnkey marketplace. Having served as an investment property coach for years, Maureen is skilled at helping clients build turnkey cash flow portfolios for her clients. She has helped hundreds of investors build rental portfolios necessary to reach their short-term and long-term passive income goals. Connect with Maureen McCann: Website - https://spartaninvest.com/

Round Table | The Rothschild Method

Have you ever wondered how an outcast family built the biggest bank in the world and became wealthy? You might think the name sounds aristocratic, but the Rothschilds weren’t always rich. In fact, the head of the family, Mayer Amschel Rothschild, lived in a ghetto in Frankfurt, Germany. So how did he do it? That's what today's conversation is about.

How to put The Rothschild Method into action

What to do to make sure it is done well

How to teach discipline within the family

How I Quit My Job with Rick Rauch

How many people aspire to become their own boss and live on their terms? How many of these dreamers follow through to achieve their goals? If you are in the same situation, what's stopping you from pushing forward? In today's episode, Russ and Joey discuss what you need to do before quitting your job and going all-in on being an entrepreneur.

Information is useless if you don't take action

How to get past your fear

How to prepare before quitting your job

Rick Rauch

Rick Rauch is an entrepreneur and business owner. He has 25+ years of experience and a demonstrated history of success within multiple construction build types, including self-storage, hospitality, restaurants, entertainment, convenience store/gas stations, multi-family, retail, site development, tilt wall, etc. Connect with Rick Rauch: LinkedIn - https://www.linkedin.com/in/rickrauch/

Round Table | Million Dollar Moments From Inner Circle Live Nashville

In a time when most of our connections are done virtually and virtual environments are becoming more immersive, people from different parts of the world can gather together virtually without having to travel miles. But nothing beats the experience of attending a live event and being physically present with people who share the same goals, aspirations, and visions for the future.

The importance of participating in live events and being in the company of like-minded people

Figuring out which businesses you can invest in without creating another job for yourself (passive investing)

How to teach your children about money and prepare them to build their financial future

Growing Passive Income While Still Losing Money

Wouldn't it be nice to have money coming in without you working endless hours to earn it? Many people dream of having that mailbox money lifestyle, but not everyone knows how to start. Some wonder if that's even possible. Others hesitate to invest for fear of losing their hard-earned money. But you can definitely grow your passive income while still losing money. The cash flow from passive income sources requires some work initially, but once established, it takes little to no time to maintain. Some common ways to earn passive income include investing and starting a business that can mostly run itself, or you can hire a team to run the company for you. In this episode, Russ and Joey share their passive income sources and lessons from investing in different investment opportunities. Tune in to know more about growing your own passive income. Top three things you will learn: Exploring new beginnings How to sell a business where everybody wins Investing with confidence August 2023 Income At-A-Glance: Gross Income for August: $90,412.22 Total Expenses for August: $31,046.51 Total Net Profit for August: $58,929.41 Difference b/t July & August: $9,455.28 % of net profit to overall gross revenue: 65%

Round Table | Financial Goldmines and Money Pits

Are you thinking about what to do with your money or what decisions you need to make about your financial future? Many financial advisors offer thousands of different financial products, and choosing the right one for you may be difficult. That's the time to ask yourself who you should go to for financial advice. When it comes to your financial future, you want to go to someone who has achieved what you want to achieve. When weighing financial advice, you must carefully determine which are financial goldmines and which are money pits. But how do you do that?

What bad advice have you received?

What are some good ideas and lessons that we should be using?

What are you going to do with the information you gained?

Will AI Replace My Income? with Joe Stolte

As AI (Artificial Intelligence) becomes integrated into our daily lives, it has steadily become smarter with every technology that adopts it. With that, there's a growing concern for the safety and future of our jobs. But what if we can learn to use AI to our advantage and make it our ally? What if there's a way for AI to help us run our businesses? What if AI can indeed make our processes more efficient?

How AI benefits us on a personal level

How to use AI in your business

Why we should learn to work with AI and not fear it

Joe Stolte

Joe Stolte is the Founder & CEO of The Tractionology Group, which helps 'scale-up' CEOs & founders build their sales and marketing operating system to create predictable sales, drive a culture of excellence, and unlock their next stage of growth. He is also an active investor in emerging technologies, real estate, and digital assets and the creator of an AI Newsletter. He lives in Austin with his wife, Judy, his son Journey, and his daughter Josie. Connect with Joe Stolte: Website - daily.ai/wealth

BYOB Book Review Part 18 | Becoming Your Own Banker in 30 Minutes

How does being your own bank work? If you want to understand how the Infinite Banking System works, this episode gives you the rundown, specifically the seven points Nelson emphasizes in his book Becoming Your Own Banker. It's amazing how one book can change so many lives. Let it change yours!

Two ways to make money

How to get your dollars to run through a system like IBC

The Seven Steps to Becoming Your Own Banker

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

Are You Investing With Purpose? with Steven Libman

Is financial gain the only reason you're investing, or is it because you want financial freedom to spend more time with your family? Investing part of your earnings is one of the most reliable ways to build wealth over time and create more financial opportunities in the future. As you put your money aside, you need to have a clear plan on what you will be getting into and why you are doing it. No matter the purpose of your investment, you can make it even more meaningful. If you want to know how to be a good steward of your gifts and learn how to invest with purpose, this episode with Russ, Joey, and Steven Libman will lead you through the right path.

What are your core values?

How can you be a good steward of your gifts?

How do you connect your investments to match your plans?

Steven Libman

Steven Libman is one of the Managing Partners of Investing With Purpose a company focused on multifamily and self-storage space to create passive, tax-advantaged income for themselves and their investors. The company also runs a donor-advised fund that carves out a percentage of company income to create passive income for nonprofits worldwide. In his spare time, Steven spends time with his wife and three children and volunteering at his local church.

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

There’s nothing worse than hitting a roadblock when you’re trying to do the right thing to protect your family, right? For instance, you're trying to purchase a life insurance policy, but your application gets declined. What would you do? There are options out there, so don't give up just yet. In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today, they talk about how you can take advantage of setting up your infinite banking system even when you are uninsurable. This is an eye-opening conversation, so take advantage of this episode!

What are your options if you are uninsurable?

What to do when you inherit a life insurance policy on your own life

Educating your children about IBC is a greater legacy compared to monetary inheritance

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

Secrets That Investors Won’t Tell You With Sharran Srivatsaa and Mark Podolsky

Who would you ask for advice if you want to feel better educated about investing and business and increase your odds of getting great investment results? How do you access the secrets investors won't usually tell you? Today's episode takes you behind the scenes of a private conversation between Russ and Joey and two of their trusted friends and business partners, Sharran Srivatsaa and Mark Podolsky. It's your chance to learn what experienced investors know so you can use the same insights in your investing journey.

The secrets most investors don't always share

What the secrets mean to everyday investors

How to partner with people and why it's better to invest with a group instead of going solo

Sharran Srivatsaa and Mark Podolsky

Sharran Srivatsaa is the President of Real (NASDAQ: REAX), the world's fastest-growing, publicly-traded real estate brokerage. He is also a 4x Inc. 500 Entrepreneur, investor, and mentor to top CEOs & influencers. Sharran is also an accomplished “deal guy” and private equity investor. He is the Chairman of private equity firm Highland Prime, which focuses on investing in service businesses, and ARC Multifamily Group, which focuses on value-add multifamily investment projects. Mark Podolsky (a.k.a. The Land Geek) has been buying and selling raw land full-time since 2001. He is the author of Dirt Rich, the ultimate guide to helping you build a passive income model in raw land investing. Mark's passion for investing in land, creating wealth efficiently, and helping others develop their inner geeky entrepreneur has led him to do two things he never expected to do: hosting a podcast and coaching and mentoring a growing community. Connect with Guests: Sharran Srivatsaa - https://sharran.com/ Mark Podolsky - https://www.thelandgeek.com/

BYOB Book Review Part 16 | The Value of Going to College

Why do people go to college? Is it worth it? While people may debate the value of a college education in today’s economy, many believe that a college education is a crucial investment that can transform one’s life in countless ways. In this episode, Russ and Joey discuss the cost of getting a college education and the earning potential of a college graduate vs. the future of someone who did not go to college but got a different education to serve them for life. If you are a parent preparing to send your child to college, tune in to help you decide if this is what you really want for your child and what option you have to get your child ready for the real world.

Is getting a college degree worth it?

What is the alternative to going to college?

The benefit of learning from mentors and putting your money in an insurance policy

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

What Passive Incomes Will Work in the Upcoming Crash?

Are you financially prepared for the upcoming crash? Where have you been putting your money? As you start building wealth, you must always look for ways to bring in new sources of passive income. Join Russ and Joey as they discuss how much they earned in July for each income stream they have. Learn from their mistakes so you can avoid doing the same things. Discover what works and what doesn't work. Top three things you will learn: The five things needed to do a deal What Russ and Joey have tried and learned so far What strategies will work and will not work during a market crash? If you want to make sure you have passive income even if a recession hits, this episode is for you. July 2023 Income At-A-Glance: Gross Income for July: $78,853.25 Total Expenses for July:$33,997.57 Total Net Profit for July: $49,474.13 Difference b/t June & July: ($25,907.81) % of net profit to overall gross revenue: 63%

BYOB Book Review Part 15 | Long-Range Thinking Required

How do you want to be remembered when you're gone? What legacy do you want to leave behind? Do you want to leave all the wealth you've accumulated to your family, or do you want to leave them with the knowledge of how to build lasting wealth so they can do it themselves? Leaving a legacy is more than giving an inheritance, a trust fund, or material things. You must devise a plan to protect your legacy and ensure the wealth-building knowledge is passed to the next generation.

What is required to pass along the wealth of knowledge over the rest of my life?

What had the wealthiest families in the world done to execute this, either poorly or amazingly?

What can be done to start or to add to your generational plan?

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

Maximizing Tax Benefits: Unveiling the Power of Cost Segregation Analysis with Geraldine Serrano

Are you looking for ways to maximize your tax benefits? There's an often-overlooked tax tool that can save you thousands of dollars. It can help businesses and individuals who have built, bought, upgraded, or expanded real estate investments accelerate depreciation deductions and defer state and federal income taxes. But you must work with knowledgeable and experienced tax consultants who can help you decide if conducting a cost segregation study on your residential rental property or commercial real estate is worth doing. Lucky for you, Russ and Joey are interviewing Geraldine Serrano, a Specialty Tax Consultant at Veritax Advisors, to explain this tool and how it works. Let's dive in!

What is cost segregation analysis, and why should you use it?

The type of properties that qualify for cost segregation analysis

When is the best time to do a cost segregation analysis?

Geraldine Serrano

Geraldine Serrano is a Specialty Tax Consultant at Veritax Advisors. She helps real estate owners, tenants, and CPAs use a strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded, or remodeled any real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes. Connect with Geraldine Serrano: Website - https://veritaxadvisors.com/ Phone - 510-386-0872

BYOB Book Review Part 14 | Cost of Acquisition and Can I Get a Higher Rate of Return?

Have you ever considered the actual cost of your purchases? When you spend $100, $500, or any amount, are you really only spending that amount? No. You must also consider time, speed, and control, especially when buying a high-value item and borrowing money to fund it. To fully understand the importance of knowing the real cost of acquisition and getting a higher rate of return for your money, tune in to today's conversation.

The true cost of buying something

How to reduce your cost of acquisition by becoming your own banker

How to get the most efficient storehouse for your money

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

$100M Entrepreneurial Framework with Aaron Shumaker

How do you know if your business idea is good? Is it better to start a business from scratch or buy an existing business? In this episode, Russ and Joey discuss these things with Aaron Shumaker, who began his journey volunteering on his college campus. Years later, he founded two successful businesses and sold his startup for a massive sum. Today, he shares his $100M Entrepreneurial Framework and the lessons he learned. So if you're interested in starting a business or becoming a better entrepreneur and investor, this episode is for you.

How to become a better entrepreneur and investor

Exploring entrepreneurial ideas and turning them into reality

How to know when to sell your business and what to do after that

Aaron Shumaker

Aaron Shumaker is a successful entrepreneur, investor, and business mentor. He is the Founder & Managing Partner at Q9 Ventures and the Founder & Chairman at Frontpoint (exit to Private Equity). Connect with Aaron Shumaker: Instagram - https://www.instagram.com/ashumaker/

BYOB Book Review Part 13 | The Retirement Trap!

Saving for retirement can be a challenging task. It is difficult enough for some people to cover their living expenses, and there's little to no money left to put aside for retirement. For others, the challenges include figuring out how much to save and where to put the money so it earns high interest. Hence, many have resorted to traditional retirement plans like 401(k)s and IRAs. But is this really the path to enjoying life after you stop working, or have you fallen for the retirement trap? What options do you have?

What is retirement, and why is it the opposite of what we really want?

How some financial and tax advisors leave some of the most important information out of their calculations

What others have been doing to avoid the retirement trap

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

Stop Playing Small and Go for It with Bronson Hill

Wouldn't it be great to have the choice to keep working or retire early and still have money coming in? Today's guest was able to exercise this freedom of choice, and he will share how he left his high-paying job and went all-in to becoming a real estate investor.

Two ways to participate in a deal

How to raise capital to finance a deal

Making the hard decision to leave a well-paying job

Bronson Hill

Bronson Hill was a highly-paid consultant for a medical device company. He worked with physicians who made millions of dollars each year (literally!) but were working 60-80 hours a week, and Bronson didn’t envy them. Yes, they were making a lot of money but trading much of their time. He wanted to make his money work harder to have the freedom to spend his days how he wanted. In his journey, Bronson discovered that high-earning individuals could reduce their taxes and eventually replace their work income with cash flow through alternative investments (outside of Wall Street). He believes true financial freedom is when you can scale your passive cash flow without limiting your time. Today, Bronson continues to build his wealth through multifamily syndications. Connect with Bronson Hill: Website - https://bronsonequity.com/

BYOB Book Review Part 12 | How Do I Get Started With The Infinite Banking Concept?

People who have heard about the Infinite Banking Concept but looked the other way continue to be in financial prison. They have not fully understood the multitude of benefits this financial system offers, so they continue to trade their time for money. Others think IBC is a ripoff or a scam because life insurance agents do not know precisely how it works. They are not IBC coaches. If you've been wondering how to start setting up your banking system, Russ and Joey will discuss that in detail today. So stick around and get ready to become your own banker.

The first thing you need to start IBC is to have the desire to do it

Infinite Banking is a long game. It's not a get-rich-quick scheme

The criteria for finding the right IBC Coach

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook