The Wealth Without Wall Street Podcast

Latest Episodes:

Bulletproof Your Assets with Scott Royal Smith Jan 13, 2022

Show notes

#224: Why do rich people continue to get richer? It's because they think differently and they know how to protect their assets while generating more wealth. The more you accumulate wealth, the more you need proper legal protection. Lawsuits can ruin your business and everything you've worked for. So it is important to have strategies to protect yourself before it's too late.

In this episode, Russ and Joey interview an experienced Asset Protection Lawyer Scott Royal Smith, founder of Royal Legal Solutions. Scott talks about how asset protection prevents lawsuits from wiping out your assets. His company crafts customized asset protection plans, from before a case occurs to after a judgment has been concluded.

Top 3 Things You’ll Learn:

Why it's better to control assets instead of owning them
What is an LLC, and how does it work
How to protect your assets

About Our Guest:

Before establishing Royal Legal Solutions, Scott Smith was an aggressive litigator. He uses a combination of his legal expertise, experience as an investor, and love of helping others grow and protect their businesses to build ironclad asset protection plans for his clients. Clients who employ Scott's strategies tend to stay out of court altogether. His primary expertise is in stopping lawsuits before they even start.

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.

Connect with Scott Royal Smith:

Website - https://royallegalsolutions.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 | A New Years Financial Guide of What to Focus on in 2022 Jan 11, 2022

Show notes

There's a famous quote that says, “If you don't know where you are going, you'll end up someplace else.” As the new year begins, people start planning their goals for 2022. But not everyone will be where they want to be by year-end. It is easy to get distracted. So what can you do to stay focused?

In today's round table, the coaches talk about their GPS (Goal, Plan, Support) and how each step is important in helping you reach your financial freedom goals.

If you're not sure about the things you need to focus on, check the hierarchy of wealth. Then, take advantage of the resources shared by Russ and Joey to get you moving in the right direction.

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

—

Life is Finite and Money is Infinite with Chris Larsen Jan 06, 2022

Show notes

#223: Our life experiences have an immense impact on our choices. Great things happen when you choose to learn and act positively from what life throws at you. That’s the story of today’s guest, Chris Larsen, founder and Managing Partner of Next-Level Income. Chris learned how to think like an investor and take calculated risks at an early age. This principle helped him achieve financial success.

Chris wrote his book, Next-Level Income, to illustrate that the goal of investing shouldn’t be just about money – it’s more about the search for financial freedom and the freedom that it can provide in your life. There’s so much wisdom in this episode, let’s dive in.

Top 3 Things You’ll Learn:

The value of reading books
How to start investing in real estate with little to no money
How to have true financial independence and live life to the fullest

About Our Guest:

Chris Larsen is the founder and Managing Partner of Next-Level Income. Since retiring after 18 years in the medical device industry, he has dedicated his time to helping others become financially independent through education and investment opportunities. In addition, Chris has been investing in and managing real estate for over 20 years.

While completing his degree in Biomechanical Engineering and MBA in Finance at Virginia Tech, he bought his first single-family rental at age 21. After that, Chris expanded into development, private lending, buying distressed debt and commercial offices, and ultimately syndicating commercial properties. He began syndicating deals in 2016 and has been actively involved in over $500M of real estate acquisitions.

In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC, where he loves spending time with them outdoors and enjoying the food and culture that the region offers.

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 Chris Larsen:

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

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealththe 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 | Am I on the Right Path to Financial Freedom? Jan 04, 2022

Show notes

What does financial freedom mean to you? While you’ve probably heard that it means your passive income is greater than your expenses, that does not mean you can live the rest of your life aimlessly because you won’t have to worry about anything. On the contrary, financial freedom means you can pursue a more meaningful life, a lifestyle that fills you with joy.

So, where are you on your journey? Are you satisfied with what you have accomplished so far? Why not take a moment to pause and ask yourself, “Am I on the Right Path to Financial Freedom?” Tune in to this episode to hear what our coaches have to say about this question.

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

—

Our Passive Income Report - November 2021 Dec 30, 2021

Show notes

#222: It's the season of reflection, thanksgiving, and celebration. So as we wrap up the year, join us as we celebrate our wins of 2021 and set a compelling vision for 2022. Let's aim to live life ON purpose!

As part of Russ and Joey’s mission to educate and inspire people to live meaningful lives while working to achieve financial freedom, they continue to share their monthly passive income reports. They started doing this 18 months ago, and now we see how far they have come.

While we see a dip in their income for November, a $45K net passive income for one month is still impressive. With the majority of profits coming from the land business and short-term rentals. They also share exciting developments in unique investment opportunities like STACK Candles and possibly ATMs for BTC. So, continue following their journey to get inspiration. Better yet, why not start your own path to financial freedom?

November 2021 Income At-A-Glance:

Gross Income for November: $114,702.92

Total Expenses for November: $69, 373.27

Total Net Profit for November: $45,329.65

Difference b/t September & November: ($22,236.99)

% of net profit to overall gross revenue: 39.52%

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 wealththe 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

—

Nelson Nash Family Bank with R. Nelson Nash Dec 28, 2021

Show notes

Most people rely on traditional banks when it comes to managing their finances. But, have you ever stopped to consider, “What if there’s a better way?”

In this episode, Nelson returns to help us ponder how infinite banking provides optimal growth and protection of your family’s wealth. He emphasizes the benefits of having your own family banking system. Plus, how to use your family bank to create a lasting legacy for future generations – a future where your family will never need a traditional bank again. Imagine how that would feel.

Once is not enough, so let’s listen up for more valuable life lessons from a sage man, Nelson Nash.

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

—

How to Protect Your Family’s Future with Andrew Howell Dec 23, 2021

Show notes

#221: How do you ensure your family is protected even after you’re gone? Estate planning is a delicate subject that requires careful planning. To help us understand it better, Russ and Joey bring back Andrew Howell, Co-Founder of the law firm, York Howell & Guymon. Andrew’s practice focuses on estate planning, asset protection, and tax planning. While the conversation revolves around legal matters, they’ve made the discussion fun and easy to understand.

Top 3 Things You’ll Learn:

Why it's important to protect your assets
Be careful whom you do business with
Don't do anything foolish

About Our Guest:

Andrew Howell is a Co-Founder of the Salt Lake City law firm York Howell & Guymon, one of the fastest-growing law firms in Utah. He holds an AV Preeminent Rating with Martindale-Hubbell and has built a successful practice throughout the United States. Andrew’s practice focuses on ultra-high net worth families and business owners who need help with estate planning, asset protection planning, probate, estate administration, charitable giving, sophisticated business structuring and transactions, and tax planning.

He is also the co-author of Entrusted: Building a Legacy That Lasts, which features seven core disciplines of successful wealth transfer of high-net-worth families going back hundreds of years. In addition, Andrew recently finished co-authoring a follow-up book, Riveted: 44 Values That Change the World.

When not in the office, Andrew enjoys vacationing in Montana with his beautiful wife, Candice, and their three children, Thomas, Harrison, and Madeline. He is also an avid fly fisherman, hunter, and skier and loves to be outdoors with his family.

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 | The History of the Infinite Banking Concept with R. Nelson Nash Dec 21, 2021

Show notes

As we approach the end of another unique year, it's good to look back so we can look ahead. In today's episode, Russ and Joey take us back to the origin of the Infinite Banking Concept. This multi-generational wealth-building system can change your life when you understand it. The concept is explained in the book "Becoming Your Own Banker" by R. Nelson Nash, known as The Father of Infinite Banking. The book has sold thousands of copies and helped countless families achieve financial freedom.

R. Nelson Nash is not a typical investment banker or financial strategist. He worked as a forester in North Carolina for several years and spent 30 years flying with the Army National Guard. So how did he uncover this infinite banking gem? That's what you are about to hear from the man himself. If you're ready to discover an exciting new financial world, you're going to love this episode.

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

—

The Biggest Lessons Learned from Flipping Over 400 Houses with J Scott Dec 16, 2021

Show notes

#220: What are your biggest regrets in life? If you had to start over, would you do things differently? Today's guest, J Scott, talks about a costly lesson he learned from his house flipping days and perhaps the biggest regret, all while cashing in thousands of dollars flipping houses.

J Scott is an entrepreneur with 25 years of experience in multiple industries and host of The BiggerPockets Business Podcast. He is also the author of four investment books, where he shares a wealth of wisdom gained from over two decades of experience in different business ventures.

Top 3 Things You’ll Learn:

The benefits of long-term investments vs. short-term ventures
Three ways to make money in real estate
It’s better to collect equity than to collect material items (that you probably won’t need in the future)

About Our Guest:

J Scott is an entrepreneur with 25-years of experience in the consumer software, electronics, service, and real estate industries. He has worked as Director of Product for several Fortune 500 technology companies and is the founder, partner, and advisor in several organizations. In addition, J Scott is also a multifamily investor, angel investor, and author of four investment books.

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 J Scott: https://linktr.ee/jscottinvestor

💸 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 Are You Trying to Put All of Your Income Into a Life Insurance Policy? Dec 14, 2021

Show notes

If you had 500 million dollars in cash, where would you put it to get the highest return? You wouldn't want to put it in a savings account that earns very little interest, right? That was the dilemma of BILLIONAIRE Michael Saylor. He had a lot of cash, but he could not allow it just to sit around and wait for inflation to eat it up.

In today's conversation, the coaches answer the question, “Why are you trying to put all of your income into a life insurance policy?” Going back to the idea behind the book “Becoming Your Own Banker” by Nelson Nash, one of the responses was, “If you own the bank, wouldn't you want to put all your money in it?” In his book, Nelson talks about the use of whole life insurance policies that earn dividends which increases the policy’s cash value over time, and how owning such policies allows an individual to control his cash flow. Follow along in the discussion and let us know what you think.

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)