The Wealth Without Wall Street Podcast

Latest Episodes:

Our Passive Income Report - July 2021 Aug 26, 2021

Show notes

#204: It's that time again, Russ and Joey are going to share their passive income report and give us an update on what's been happening with their business ventures. The aim, of course, is to remind everyone that financial freedom is a destination that we can reach way before retirement. An adjustment in last month's report resulted in a higher net profit of $49,385.25 vs. the original $43,526.42. That's almost a $6,000 positive adjustment! And July’s numbers are also something to be proud of. Short-term real estate investments still bring in the highest income at 49.6% of the total. Tune in for the full report, plus insights on what's working well, what can be improved, and how you can accelerate your journey to financial freedom.

July 2021 Income At-A-Glance:

Gross Income for July: $126,562.94

Total Expenses for July: $60,796.13

Total Net Profit for July: $65,766.81

Difference b/t July & June: $16,381.56

% of net profit to overall gross revenue: 52%

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 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 | Tax Deductible Expenses and Financial Conversations with Your Kids Aug 24, 2021

Show notes

How many of us like to talk about taxes? Like it or not, paying taxes is a responsibility that every entrepreneur must tackle if they wish to live peacefully without the dreaded knock from the IRS. But did you know that there are legitimate ways to lower your tax liability? By identifying your expenses correctly, knowing your tax code, and keeping detailed accounts, you can find perfectly acceptable ways to keep your taxes low. Saving on taxes means more money left for you. And while you're doing your taxes and making financial decisions, why not involve your kids in the conversation? Just make sure to explain things in a way that they can understand.

If you want to learn more creative ways to save on taxes legally without being labeled as a tax evader, tune in to this conversation today.

To start Your Journey to Financial Freedom, go to: https://go.wealthwithoutwallstreet.com/passport

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

—

Being An Employee, But On My Own Terms with Josh Messmer Aug 19, 2021

Show notes

#203: Have you ever heard the saying “Be a goat, not a sheep”? Today's guest uses this analogy to describe himself. Coming from an engineering background, Josh Messmer turned to real estate investing to pursue passive income opportunities. He also works as a county administrator and does not mind being an employee, as long as he has the freedom to engage in other worthy passions.

Josh learned about IBC and financial freedom inside the WWWS community. He takes his financial education seriously. He has read Robert Kiyosaki’s book and Nelson Nash’s Becoming Your Own Banker. He quickly grew his real estate venture from his first deal, combining IBC and seller financing to purchase properties. His story will inspire you that the journey to financial freedom is possible for anyone willing to learn and take that first step.

Top 3 Things You'll Learn:

Having the right mindset is crucial to your success
Debt can be a tool to purchase assets that produce cash flow
Choosing the right business partner and mentor gives you more courage to pursue your dreams

About Our Guest:

Josh Messmer turned to real estate investing to pursue passive income opportunities. Starting with his first deal, he quickly grew his assets within five years. He also works as a county administrator and does not mind being an employee, as long as he has the freedom to engage in other worthy passions. Josh learned about IBC and financial freedom inside the WWWS community. He takes his financial education seriously and has read Robert Kiyosaki’s book and Nelson Nash’s Becoming Your Own Banker.

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

—

Round Table | Can I Project When I Will Become Financially Free? Aug 17, 2021

Show notes

What does it mean to be financially free? A simple definition is that you have achieved financial freedom when your income is higher than your expenses. In reality, financial freedom means something different to everyone. The answer to this question will depend on several variables, such as your personal circumstances, your relationship with money, and how you view wealth.

So the next question is, can you project when you will become financially free? Today’s conversation will take you through this journey. For more information, check out the insights and resources mentioned below.

Sharpen your financial IQ and understand what type of investor you are - take the Investor DNA Quiz inside the Inner Circle
Know your numbers - https://www.wealthwithoutwallstreet.com/scorecard
Start Your Journey to Financial Freedom - https://go.wealthwithoutwallstreet.com/passport

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 Build Your Real Estate Business Using Other People's Money with Matt Faircloth Aug 12, 2021

Show notes

#202: How can you quit your day job to pursue your passion? Walking away from your job is like breaking up with a partner. Some people even refer to it as firing your boss. You can either feel terrible about it or really excited to be moving on. If you're in this situation, there's a lot you can learn from today's episode with Matt Faircloth.

Matt is the Founder and CEO of DeRosa Group and author of Raising Private Capital: Build your Real Estate Empire with Other People's Money, an Amazon Best Seller. His expertise is in raising capital to fund real estate investments. Tune in as Matt shares three different ways you can let go of your job and become a successful entrepreneur. This could be the sign you've been waiting for.

Top 3 Things You'll Learn:

There's never a perfect time to walk away from your day job, but you do have to know how much money you need for your daily expenses
You can't prepare for everything that could go wrong -- you just have to learn as you go
A simple idea to raise capital for your real estate business (or any business you plan to pursue)

Resources:

Text DEROSA to 66866 to gain access to free landlord resources and videos
Buy Matt's Book Raising Private Capital: https://store.biggerpockets.com/products/raising-private-capital?variant=32588975571040
Access our FREE financial ScoreCard to get on the path to Financial Freedom: https://www.wealthwithoutwallstreet.com/scorecard

About Our Guest:

Matt Faircloth is the Founder and CEO of DeRosa Group. This company offers several ways to help new and existing real estate investors learn, grow, and expand their knowledge and experience. Matt has been a full-time investor for 16 years and has now completed over $40,000,000 in real estate transactions and controls over 800 units in multi-family. He is a regular contributor and podcast guest on Bigger Pockets.com, has an active YouTube Channel dedicated to educating investors, and is the author of the Amazon Best Seller, Raising Private Capital: Build your Real Estate Empire with Other People's Money.

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 Matt:

Website: https://derosagroup.com/

YouTube: https://www.youtube.com/channel/UCh1ZdYzX6vKfoAgBypdVo_w

💸 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 | How to Talk with Your CPA About IBC Aug 10, 2021

Show notes

If you've been listening to this podcast, you should know by now that IBC is not just a concept but a cash flow system. It’s one of the best money management tools, once you learn how to use it. But, unfortunately, most people look only at the features of the product, without considering the ways to use it to its full potential. If you're someone who has been enjoying the benefits of IBC, is your CPA aware of it? In today's round table, our coaches will share personal insights on how you should talk to your CPA about IBC or if you should talk about it at all. Tune in to see where this conversation will take us and learn how to get your CPA onboard.

Check out the resources mentioned here:

Start Your Journey to Financial Freedom - Take the Passport Challenge Now: https://go.wealthwithoutwallstreet.com/passport

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

—

What You Need to Know About Mobile Home Investing with Kevin Bupp Aug 05, 2021

Show notes

#201: When was the last time you took a trip that changed the direction of your life? Today's guest, Kevin Bupp, host of The Real Estate Investing for Cash Flow Podcast and the Mobile Home Park Podcast, has an exciting story to share. Kevin was a 19-year old bartender when he met a man who took him on a 3-day trip and showed him the path to making money via real estate. That man became his mentor and good friend.

Today, Kevin leads the strategic vision of Sunrise Capital Investors (SCI). As host of two top-ranked real estate investing podcasts, his real estate investment advice has been downloaded millions of times by listeners in over 190 countries. While he has gained expertise in the different types of real estate investing, he now focuses on mobile home park investments. And he shares why in today's episode. So tune in to learn more about his journey from tending bars to making millions of dollars with real estate.

Top 3 Things You'll Learn:

Having a great mentor early in life will steer you in the right direction
Passion is a critical factor in becoming successful
Why investing in mobile homes is an excellent wealth-building strategy

Resources:

Listen to Kevin's Top-Rated Podcast: https://www.kevinbupp.com/podcast/

About Our Guest:

Kevin started his entrepreneurial journey when he was 12, later moving on to a far more profitable endeavor: buying, selling, and installing automobile electronics out of his parent’s garage at the age of 14. Today he leads the strategic vision of Sunrise Capital Investors (SCI) and hosts two top-ranked real estate investing podcasts. His real estate investment advice has been downloaded millions of times by folks in over 190 countries. With over $150 million of real estate transactions under his belt, Kevin’s extensive investment experience spans the gamut of apartment buildings, single-family homes, office buildings, parking facilities, raw land, condos, and mobile home parks.

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 Kevin and Sunrise Capital Investors:

SCI Website: https://sunrisecapitalinvestors.com/
Kevin Bupp Website: https://www.kevinbupp.com/
Instagram: https://www.instagram.com/buppkevin/

💸 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 | How to Think About IBC – as a Person Over 55 Aug 03, 2021

Show notes

Do you find yourself wondering if it's too late for you to start using the infinite banking concept? Unless you no longer need to spend money, you’re never too old to start. IBC is one of the best cash flow management tools and helps you to have more control over your funds. But wait, isn't the cost of whole life insurance for an older person so expensive that thinking about IBC at this point would not be practical?

How do you think Nelson Nash, the author of Becoming Your Own Banker, answered the same question? Am I too old to start this? Nelson was 52 years old when he discovered this concept, while buried in debt and looking for a solution to solve his problem. Today's round table will explore the different perspectives and answers to that question and why it isn’t a bad thing to consider IBC when you're over 55.

Check out the resources mentioned here:

Start Your Journey to Financial Freedom - Take the Passport Course Now: https://go.wealthwithoutwallstreet.com/passport
WWWS Episode 62: How to Create Business Opportunities & Generational Wealth Through infinite Banking w/ Dr. Jim Smith: https://www.wealthwithoutwallstreet.com/podcast/how-to-create-business-opportunities-generational-wealth-through-infinite-banking-w-dr-jim-smith

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 - June 2021 Jul 29, 2021

Show notes

#200: What kind of investor are you? Where do you usually put your money? When you invest, you expect your money to grow. However, things don't always go the way we hope. Higher expenses and a few wrong turns can bring your profit down. What most people see are the results. But a lot of things can happen behind the scenes in an investor’s life, especially someone with diverse investments. That's what Russ and Joey have been sharing each month since making their Passive Income Report open to the public. Take a peek at the June Passive Income Report to get a glimpse of what goes on with each of their investments and see if there are some ideas you might like to explore. You can also check the resources below.

June 2021 Income At-A-Glance:

Gross Income for June: $100,089.77

Total Expenses for June: $56,563.35

Total Net Profit for June: $43,526.42

Difference b/t June & May: -$12,703.07

% of net profit to overall gross revenue: 43%

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 | How to Think About IBC – as a Single, Young Adult Jul 27, 2021

Show notes

Who do you turn to for financial advice? Financial education is important at any age, and parents should start discussing money matters with their kids at home. However, that seldom happens. So young adults usually have a hard time making financial decisions when adjusting to life in the “real world.” In your 20s, you’re probably not earning a lot of money, living on your own, and paying bills and student loans. Saving money might not be your priority at this time. Ten years later, you might be starting to raise a family, considering buying a home, or already paying a mortgage. How you manage your money significantly differs with each stage in your life.

Like most working people, are you looking forward to that day when you can enjoy your retirement? But wouldn't you rather enjoy life right now instead of waiting until you reach old age? Tune in to this episode and discover a way to stop trading time for money.

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)