The Wealth Without Wall Street Podcast

Latest Episodes:

How We Made $2M+ in Passive Income Jan 25, 2024

Show notes

It was 2020 when Russ and Joey decided to share their passive income report and review the few deals they engaged in. Back then, they didn't have much to report, but they persevered in building multiple passive income streams. They have come a long way—from about $2,000 per month of passive income to $44,000 (and even higher in some months).

While some investment decisions don't always turn out well, they take the lesson from each mistake and move forward. Today, they show us the results of their journey.

Top three things you will learn:

Before you invest in anything, it is critical to know your Investor DNA
What deals have Russ and Joey tried, and what were the results?
How to build passive income streams that will lead you to financial freedom

December 2023 Income At-A-Glance:

Gross Income for December: $44,001.53

Total Expenses for December: $12,850.14

Total Net Profit for December: $31,151.39

Difference b/t November & December: ($7,748.33)

% of net profit to overall gross revenue: 71%

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab

👉 ChoosePassiveIncome.com

More Ways to Learn & Grow Wealth (For Free)

💾 Download the Passive Income Operating System

👉 wealthwithoutwallstreet.com/piosebook

👥 Join 10,000+ Investors Inside Our Free Community

👉 wealthwithoutwallstreet.com/community

Paying $250K+ in Taxes? Stop the Bleed.

😡 Apply for Our Next Tax Strategy Intensive

👉 wealthwithoutwallstreet.com/tax

Grab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income

📘 wealthwithoutwallstreet.com/newbook

Stay Connected:

📸 Instagram: @wealthwithoutwallst

—

Round Table | Inner Circle Live Birmingham Takeaways Jan 23, 2024

Show notes

These days, it’s possible for people to find events that satisfy their interests in cities around the world. No matter what you’re looking to get out of a live event, many people usually walk away having had the event exceed their initial expectations.

While some people get intimidated by live events, those brave enough to attend will find that there’s so much to gain, just like what happened in the recent Inner Circle Live event. If you were not able to join, here’s your opportunity to hear what transpired, and maybe that will encourage you to attend the next event.

In today's conversation, Russ, Joey, and the Financial Freedom Coaches share their biggest takeaways from the recent Inner Circle Live event, which focuses on the following:

The power of connecting with people during live events
How to educate your family the fun way so you move together towards the same goal
Different ideas that can jumpstart your journey to financial freedom

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab

👉 ChoosePassiveIncome.com

More Ways to Learn & Grow Wealth (For Free)

💾 Download the Passive Income Operating System

👉 wealthwithoutwallstreet.com/piosebook

👥 Join 10,000+ Investors Inside Our Free Community

👉 wealthwithoutwallstreet.com/community

Paying $250K+ in Taxes? Stop the Bleed.

😡 Apply for Our Next Tax Strategy Intensive

👉 wealthwithoutwallstreet.com/tax

Grab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income

📘 wealthwithoutwallstreet.com/newbook

Stay Connected:

📸 Instagram: @wealthwithoutwallst

—

Are You an Investor or an Entrepreneur? with Buck Joffrey Jan 18, 2024

Show notes

Are you a highly paid employee or professional? Does your current career allow you to earn substantial income? If so, would there be any reason for you to seek a different path? Would you like to become an entrepreneur or an investor?

In today's episode, Russ and Joey speak with Buck Joffrey, a surgeon turned entrepreneur and investor. Buck talks about his decisions and actions after reading Robert Kiyosakis's CASHFLOW Quadrant.

The book provides a guide for people who are ready to change their lives and change from one quadrant to another. Are you prepared to leave the life you've always known and pursue something better? The choice is yours.

Top three things you will learn:

The difference between an entrepreneur and an investor
How to pivot from your current career to entrepreneurship
How to take risks and make scary decisions to get what you want

About Our Guest:

Buck Joffrey is a surgeon turned serial entrepreneur. He is also the author of the international bestselling book “Seven Secrets of Eternal Wealth” and the host of the Wealth Formula Podcast.

Like Russ and Joey, Buck believes we must keep our money out of Wall Street. His mission is to teach professionals how to take advantage of their finances and invest outside traditional stocks, bonds, and mutual funds.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

Connect with Buck Joffrey:

Website - https://www.wealthformula.com/

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab

👉 ChoosePassiveIncome.com

More Ways to Learn & Grow Wealth (For Free)

💾 Download the Passive Income Operating System

👉 wealthwithoutwallstreet.com/piosebook

👥 Join 10,000+ Investors Inside Our Free Community

👉 wealthwithoutwallstreet.com/community

Paying $250K+ in Taxes? Stop the Bleed.

😡 Apply for Our Next Tax Strategy Intensive

👉 wealthwithoutwallstreet.com/tax

Grab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income

📘 wealthwithoutwallstreet.com/newbook

Stay Connected:

📸 Instagram: @wealthwithoutwallst

—

Round Table | 10 Reasons Not To Use a Savings Account for IBC Jan 16, 2024

Show notes

Many people worry about providing security for their families if something unfortunate happens. They think about what their spouses and children will do to pay the bills. So comes the question: Should you buy life insurance or focus on saving money in a bank?

While both life insurance and savings can result in a lump sum benefit for your loved ones, there are key differences, especially if you also plan to implement IBC to secure the future of your family.

In today's conversation, Russ, Joey, and the financial freedom coaches talk about the reasons not to use your savings account for IBC, and they focus on the following:

The top reasons not to use your savings account for IBC
Why a life insurance policy is a better place to build your wealth
Recognizing your biases and shifting your mindset to achieve your financial goals

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab

👉 ChoosePassiveIncome.com

More Ways to Learn & Grow Wealth (For Free)

💾 Download the Passive Income Operating System

👉 wealthwithoutwallstreet.com/piosebook

👥 Join 10,000+ Investors Inside Our Free Community

👉 wealthwithoutwallstreet.com/community

Paying $250K+ in Taxes? Stop the Bleed.

😡 Apply for Our Next Tax Strategy Intensive

👉 wealthwithoutwallstreet.com/tax

Grab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income

📘 wealthwithoutwallstreet.com/newbook

Stay Connected:

📸 Instagram: @wealthwithoutwallst

—

3 Tax Savings Strategies with Mark Perlberg, CPA Jan 11, 2024

Show notes

Taxes eat up a chunk of most people's income. What if there are ways to keep more of what you’ve earned? In this episode, Russ, Joey, and CPA Mark Perlberg discuss the top mistakes entrepreneurs and business owners make that make them pay unnecessary taxes.

If you are eager to know how to protect your income, consider implementing the ideas that could reduce your tax bill this year or the next.

Top three things you will learn:

The different types of income
Strategies to help you stop paying unnecessary taxes
When does it make sense to hire an accountant or bookkeeper?

About Our Guest:

Mark Perlberg is a CPA whose mission is to provide clients with the most powerful tax strategies, business insight, and support to grow their businesses, build wealth, and achieve financial freedom.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

Connect with Mark Perlberg, CPA:

Website - https://www.markperlbergcpa.com/

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab

👉 ChoosePassiveIncome.com

More Ways to Learn & Grow Wealth (For Free)

💾 Download the Passive Income Operating System

👉 wealthwithoutwallstreet.com/piosebook

👥 Join 10,000+ Investors Inside Our Free Community

👉 wealthwithoutwallstreet.com/community

Paying $250K+ in Taxes? Stop the Bleed.

😡 Apply for Our Next Tax Strategy Intensive

👉 wealthwithoutwallstreet.com/tax

Grab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income

📘 wealthwithoutwallstreet.com/newbook

Stay Connected:

📸 Instagram: @wealthwithoutwallst

—

Round Table | Million Dollar Insights from 525,600 Minutes (Part 2) Jan 09, 2024

Show notes

2023 was a year of ups and downs and unexpected twists and turns. For many people, it was a year of learning as they went through many experiences that led to either heartbreak or triumph.

How about you? What valuable lessons can you take away from the past year that you can apply as you move forward to the new year? What are you excited about for 2024?

In today's conversation, Russ, Joey, and the financial freedom coaches continue to discuss their million-dollar insights from 2023, with a focus on the following:

The biggest moment and best deal in 2023
Mistakes done and lessons learned from the previous year
BHAG for 2024

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab

👉 ChoosePassiveIncome.com

More Ways to Learn & Grow Wealth (For Free)

💾 Download the Passive Income Operating System

👉 wealthwithoutwallstreet.com/piosebook

👥 Join 10,000+ Investors Inside Our Free Community

👉 wealthwithoutwallstreet.com/community

Paying $250K+ in Taxes? Stop the Bleed.

😡 Apply for Our Next Tax Strategy Intensive

👉 wealthwithoutwallstreet.com/tax

Grab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income

📘 wealthwithoutwallstreet.com/newbook

Stay Connected:

📸 Instagram: @wealthwithoutwallst

—

When Failure is Not an Option with Dave Wolcott Jan 04, 2024

Show notes

When faced with a challenging situation, what would you do if failure was not an option? It takes courage to take major leaps in life, but not taking action can lead to failure.

In this episode, Dave Wolcott shares how he pivoted when he woke up in an unexpected scenario, going from having one child to having four children overnight. Discover how he quickly decided to change his financial situation to support his growing family.

If you need inspiration to pursue your financial goals, this episode with Russ, Joey, and Dave is a must-listen.

Top three things you will learn:

Holistic Wealth Strategy from Dave
How to break free from the Wall Street mindset
How to take positive action when faced with a difficult situation

About Our Guest:

Dave Wolcott is a serial entrepreneur, former Marine Captain, and the author of Holistic Wealth Strategy: A Framework for Building Legacy Wealth and Unlimited Freedom to Live an Extraordinary Life. He is the host of “Wealth Strategy Secrets of The Ultra-Wealthy.”

Dave is also an active and passive investor in over 3,200 doors, 400 self-storage units, 160 oil wells, and Merchant Cash Advance assets with a combined value of over $2.5 billion across the US.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

Connect with Dave Wolcott:

Website - https://holisticwealthstrategy.com

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab

👉 ChoosePassiveIncome.com

More Ways to Learn & Grow Wealth (For Free)

💾 Download the Passive Income Operating System

👉 wealthwithoutwallstreet.com/piosebook

👥 Join 10,000+ Investors Inside Our Free Community

👉 wealthwithoutwallstreet.com/community

Paying $250K+ in Taxes? Stop the Bleed.

😡 Apply for Our Next Tax Strategy Intensive

👉 wealthwithoutwallstreet.com/tax

Grab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income

📘 wealthwithoutwallstreet.com/newbook

Stay Connected:

📸 Instagram: @wealthwithoutwallst

—

Round Table | Million Dollar Insights from 525,600 Minutes (Part 1) Jan 02, 2024

Show notes

What wins and challenges have you faced over the past year? What big hairy audacious goals (BHAG) have you set for yourself in the coming year?

As the new year starts, it's natural for people to reflect on their professional and personal achievements over the past 12 months.

This moment of reflection can be extremely valuable as it allows us to assess how far we've come, identify areas of opportunity, and set more ambitious goals for the future.

In today's conversation, Russ, Joey, and the financial freedom coaches discuss their million-dollar insights from 2023, with a specific focus on the following:

Greatest insights and lessons learned from the past year
The most significant move that got you closer to financial freedom
BIG goals for 2024

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab

👉 ChoosePassiveIncome.com

More Ways to Learn & Grow Wealth (For Free)

💾 Download the Passive Income Operating System

👉 wealthwithoutwallstreet.com/piosebook

👥 Join 10,000+ Investors Inside Our Free Community

👉 wealthwithoutwallstreet.com/community

Paying $250K+ in Taxes? Stop the Bleed.

😡 Apply for Our Next Tax Strategy Intensive

👉 wealthwithoutwallstreet.com/tax

Grab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income

📘 wealthwithoutwallstreet.com/newbook

Stay Connected:

📸 Instagram: @wealthwithoutwallst

—

Growing Passive Income 25% in 2024 Dec 28, 2023

Show notes

What if you can grow your passive income to 25% in 2024? How will it change your life? Would you like to know how to finally achieve financial freedom in 2024?

As Russ and Joey share their November 2023 Passive Income Report, they also discuss how they respond to the most common question people ask: “Where are you investing?”

They share where they are putting their money and give you the criteria they use when choosing investment opportunities. So if you want to learn how to become a better investor in 2024, this episode is for you.

Top three things you will learn:

Investment criteria to look for
Wins and losses for 2023
Things to be excited about in 2024

November 2023 Income At-A-Glance:

Gross Income for November: $51,709.44

Total Expenses for November: $12,809.72

Total Net Profit for November: $38,899.72

Difference b/t October & November: ($84.04)

% of net profit to overall gross revenue: 75%

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

👉 wealthwithoutwallstreet.com/free-ibc-webinar

📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)

👉 wealthwithoutwallstreet.com/accelerate

📈 Step 3 – Start Building Passive Income

Join the Passive Income Lab

👉 ChoosePassiveIncome.com

More Ways to Learn & Grow Wealth (For Free)

💾 Download the Passive Income Operating System

👉 wealthwithoutwallstreet.com/piosebook

👥 Join 10,000+ Investors Inside Our Free Community

👉 wealthwithoutwallstreet.com/community

Paying $250K+ in Taxes? Stop the Bleed.

😡 Apply for Our Next Tax Strategy Intensive

👉 wealthwithoutwallstreet.com/tax

Grab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income

📘 wealthwithoutwallstreet.com/newbook

Stay Connected:

📸 Instagram: @wealthwithoutwallst

—

Round Table | Why an eQRP is a Terrible Tool for Financial Freedom Dec 26, 2023

Show notes

An eQRP or Enhanced Qualified Retirement Plan is marketed as the fastest way to earn more than traditional 401(k)s or self-directed IRAs. It is said to be a system that offers complete flexibility, control, and protection of your investments. Unlike any other retirement account, you have the freedom to choose your investments with an eQRP. That sounds like a fantastic way to build wealth and achieve financial freedom. WRONG!

In today's conversation, Russ, Joey, and the financial freedom coaches discuss why an eQRP is a terrible tool for financial freedom and how it compares with Infinite Banking.

Tune in as they go over the following comparison: