DiscoverThe Wealth Without Wall Street Podcast
The Wealth Without Wall Street Podcast
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The Wealth Without Wall Street Podcast

Author: By Russ Morgan CFP® & Joey Muré

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Your go-to podcast for uncovering the dirty secrets behind Wall Street and how to take back control of your wealth. The Wall Street mindset separates both families & business owners from their money while the elite and unknown get to use it for their advantage. The secret to achieving this is having your money work for you, not someone else, when wealth building. You can get there through earning passive income. When you have more passive income than you do expenses, you have achieved financial freedom. On this podcast, we work tirelessly toward your financial freedom. We cover topics like the Infinite Banking Concept, multifamily real estate, private lending and a multitude of other cutting edge ideas. We host industry specific reputable guests and share personal stories to educate you on how to finally achieve financial freedom. For more education on how, check out
212 Episodes
#177: Today’s another episode where Russ and Joey go through their monthly passive-income report, sharing exactly what they’re doing to create multiple streams of income, walking us through exciting things that happened and issues that need to be addressed. Be inspired, take action, and carve your path to financial freedom.  Join the Freedom Seekers Masterclass: ( January 2021 Income At-A-Glance:  Gross Income for January:  $82,000 Total Expenses for January:  $39,000 Total Net Profit for January:  $43,000 Difference b/t January & December: +$30,400 % of net profit to overall gross revenue: 52% Resources: Watch How My Daughter Will Buy Her First Car via Infinite Banking and Short Term Rentals: ( Join the WWWS Community and take the Investor DNA Course: ( Learn more about Real Estate Investing from The Land Geek: Mark Podolsky: (
What do you know about EVA (Economic Value Added), and why should you evaluate it? Get ready to listen and take notes as our IBC coaches talk about a concept that only a few people understand. You will hear references to Nelson Nash’s (Becoming Your Own Banker), a book that thoroughly explains IBC (Infinite Banking Concept). After listening to this episode, you will have a clearer understanding of the real value of money and why IBC is an excellent investment vehicle for you. If you understand what’s happening with your money, you will know what you have to do.  “Opportunity cost is the biggest expense that you never got a bill for.”  - Joey Mure -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here: (
#177: Everyone goes through challenges and makes mistakes in life. Learning from those lessons and pushing through makes all the difference in how your life will turn out. Listen to the interesting story of Ricardo Rosales, host of (The Truth Behind Success Podcast) and (Real Estate Entrepreneurs Podcast), as he takes us through his entrepreneurial journey, stumbling through obstacles, losing millions in the aftermath of Hurricane Harvey, weeding through the chaos, and rising up from setbacks.  Top 3 Things You'll Learn: Flipping vs. Wholesaling The Four Steps to Financial Freedom  Why you need to diversify your business    About Our Ricardo: Ricardo Rosales was born in Atlanta, Georgia but grew up in Venezuela. He has lived different lives starting from being an office boy in his father’s business to joining the US Navy then moving on to work in a job that allowed him to travel the world. While sitting on the couch one day, Ricardo watched a tv show called Flip This House which got him interested in real estate. After a few months, he bought his first investment property which led him to many more real estate ventures, experiencing the ups and downs, surviving through Hurricane Harvey, and becoming the accomplished person he is now. Ricardo aims to help many achieve their goals in life, be a part of their success while taking his own life to the next level. Connect with Ricardo: Website: ( Podcast: ( YouTube: (
In his book, (The Cashflow Quadrant), Robert Kiyosaki talks about a diagram with four quadrants. On the left side are E (Employee) and S (Self-Employed) and on the right side are B (Business Owner) and I (Investor). You can be in all quadrants at some point. The goal is to progress through the quadrants and move on the right side, becoming a business owner and an investor.  As a business owner, you need capital for expenses like purchasing equipment to get your business running. When you invest money, you want to make sure you are in full control and can access your money anytime. In today’s episode, our coaches talk about how IBC gives you the ability to use your investment in financing your business. Stay tuned and learn more practical ways to leverage IBC as an entrepreneur and an investor.  -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here: (
#176: Are you looking for ways to turn your extra space into an income stream? How do you manage a rental business? Should you take it on yourself or hire someone to oversee it for you? Hear the answers from short-term rental experts Jon Bell and Julian Sage, hosts of the (Vacation Rental Machine Podcast). This amazing duo is on a mission to help Airbnb hosts to create systems to automate their Airbnb business, allowing them to have more time and better cash flow. Learn the short-term rental business’s dos and donts and achieve financial freedom even when you do not own any property. Top 3 Things You'll Learn: Building a partnership model that works The benefits of establishing systems to manage short-term rentals  How to handle challenges in running your rental business    About Our Guests: Jon Bell is a short-term rental host who scaled up to 24 properties in 18 months, bringing in $45,000 a month without even owning any of the properties he’s renting out. He spends four hours a week on his business with only one part-time assistant while working a regular day job as an IT guy. Julian Sage is a military man turned Airbnb Superhost who now teaches “rentalpreneurs” how to overcome the challenges of starting an Airbnb business and scale their short term rental business through his podcast (Short Term Rental Success Stories). Connect with Jon and Julian: Website: (   Join their community:  The Host Nation | Airbnb / Short Term Rental / Vacation Rental Community: (
If you need extra funds and have an insurance policy, would you withdraw from your policy or write a loan against it? Is it better to just borrow money from the bank? How can you utilize the benefits of a loan from a policy vs. taking a conventional loan? Can a loan go bad? How do you decide which way to go? Tune in to hear insights from our coaches as they go through the Infinite Banking Concept (IBC) framework so you can get clarity and make better decisions. Take a loan or withdraw? Remember, you should always be in control of your finances instead of being controlled by financial institutions. Find out how you can do this and more as you listen to today’s episode.  -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here: (
#175: What would you do if you woke up one day on the side of the road, broke and homeless? How do you get up? Who do you turn to? Today, Russ and Joey talk to a man who amassed wealth at a young age, lost everything and then made a firm decision to take uncomfortable steps to pull himself back up. Marc Pelletz is the author of (Think Like A Real Estate Investor) and a real estate expert who teaches people how focusing your thoughts to be positive and having a strong faith in God makes the difference in living a good life. While it may sound aspirational, Marc urges everyone to bring love to everything we do and make the world a better place. Listen up and be inspired by Marc’s story.  Top 3 Things You'll Learn: What to do when you lose everything and hit rock bottom Why it’s important to believe in yourself, set a SMART goal, and take action How to take control of your thoughts to take control of your life   Resources: (Think Like A Real Estate Investor by Marc Pelletz) (Think and Grow Rich by Napoleon Hill) (The Richest Man in Babylon by George S. Clason) (The Power of Positive Thinking by Norman Vincent Peale)   About Marc: Marc Pelletz has been involved in real estate for almost four decades. Having been through several real estate cycles, he knows how to be successful no matter where the market is at that moment. Marc has been inspired and motivated by many real estate experts and masters of motivational philosophy over the years, which has helped transform all areas of his life. In the last 10 years, he established and grew a real estate company accumulating over 200 rental properties and flipping over 1,000 properties valued at over 300 million dollars. He consistently earns a seven-figure income while having more time for the things that truly matter -- his family, vacation, and self-improvement.  Connect with Marc: Website: ( Facebook: ( Instagram: ( (Section 7702 of the U.S. Internal Revenue Code) defines what a life insurance policy is for taxation purposes. It was originally written in the 1980s, and an amendment was signed last December 2020. What exactly changed? Is this good news? Would this result in lower interest rates and more pricing flexibility? What does this mean for you? If you want to know more about what's going on, listen to this episode as our IBC (Infinite Banking Concept) coaches provide insights into how the new tax laws impact the insurance industry and what this means for those who are into infinite banking. While there are still many uncertainties, today’s discussion will provide you with good information to help you make better decisions as you take control of your finances.  -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here: (
#174: How’s your 2020? We saw a lot of challenges in the year that was, but there were also great opportunities for those who are willing to act. Yearends are usually a time for reflection and looking back on the things we learned. Today, our hosts will share their Passive Income Report as they have been doing in the previous months. This practice has been part of Russ’s vision board. It’s always good to look at what’s been working and what’s not, and coming up with strategies to do better in 2021. Aside from their different business ventures, Russ and Joey are also firm believers that the best use of money is investing in yourself. Check out what they’ve been listening to and reading about in the resources section.  Resources: (Business School Podcast by Sharran Srivatsaa) - very tactical, encouraging, and empowering (For Men Only by Shaunti Feldhahn) - understanding how women think (Dirt Rich by Mark Podolsky) - attaining financial freedom through property investment (Doesn’t Hurt to Ask by Trey Gowdy) - learn how to communicate better by asking the right questions ~~~ December 2020 Passive Income Summary:  Gross Income:  $47,000 Total Expenses:  $35,000 Net Profit:  About $12,600 ~~~ Breakdown of Passive Income Sources: Land Business $3,325.92 Income | $495 a month increase Vs.November  This business is being managed in partnership with (The Land Geek: Mark Podolsky)  Know the ebb and flow of running this business Short Term Rental Property  $28,000 Income | $27,900 Expenses - just barely breakeven December and January are usually low seasons - not much travel happens You have to strengthen your marketing strategy - don’t rely on Airbnb alone to bring in customers Ethereum Miners $4,355 Income | $1,588 Monthly Expenses | $2,767 Profit up almost $1,000 Vs. November Strategy is to sell the coins earned every month to cover the expenses and invest the excess funds in other businesses Current Ethereum Coin Value - $761 per coin Long Term Rental Business Not much going on here E-commerce  $1,400 Loss This business will be discontinued in March 2021 if it doesn’t recover soon Short Term Rental (STR) Mastermind $4,560 Profit 2,800 on the waiting list for March 2021 Join here: (
Have you been thinking about wealth-building opportunities? You probably heard about a hundred different ways to achieve financial freedom. How do you know which is the right way to go? In this episode, the IBC coaches give out their top reason for considering infinite banking (IBC) and whole life insurance as a tool to get more creative with how you can make your money work for you. In case you’re not familiar with the IBC just yet, (Nelson Nash’s Becoming Your Own Banker (BYOB)) explains how your whole life insurance policies’ cash surrender value can be used as collateral for a loan. IBC is for individuals who are willing and able to make a long-term financial commitment. Find out the top reasons why you should consider diving into IBC/Whole Life Insurance as you embark on your financial journey.  -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here: (
#173: When was the last time you invested in yourself? How far are you willing to go to get clarity and reach a successful and fulfilling life? Today’s episode features Alex Pardo, host of (The Flip Empire Podcast) and co-founder of (ASCEND), a high-level mastermind and coaching community. Whether you are stuck in your job and unsure of the next steps or have a business that you want to grow, Alex’s story will resonate with you. Learn how taking chances and betting on yourself can help you realize your life purpose and carve your path to success.  Top 3 Things You'll Learn: Shaping your vision and discovering the courage to follow through Scale to get better, not to get bigger How to gain clarity, have the hunger to grow, and impact people    About Alex: Alex Pardo is the host of (The Flip Empire Podcast), where he shares strategies, interviews, and insights for smart real estate investors to help them grow and scale in the real estate investing business. He is also the co-founder of (ASCEND), a high-level mastermind and coaching community for Entrepreneurs that want to experience a better life and business.  While involved in multiple businesses, masterminds, coaching, and delivering podcasts, Alex is a family man first. He is married to Natalie, and they have two beautiful girls, Arianna & Alessia. Through his commitment, Alex can fulfill his purpose of helping others achieve freedom while passionately living his vision with his family, experiencing life to the fullest, and positively impacting people's lives.    Connect with Alex: FlipEmpire: ( The Flip Empire Podcast: ( ASCEND: (
What does Dave Ramsey think about IBC? And why does it matter? Information dramatically influences one’s choices. If you’re looking for ways to create financial freedom and learn more about the Infinite Banking Concept (IBC), you’re in for a fiery episode. In Dave Ramsey’s 9-minute video (Why Infinite Banking is a SCAM!), he calls the IBC a Ponzi scheme and “whole life done horribly.” This is Part 2, where the IBC coaches break down Dave’s video contents and debunk the misrepresentations and half-truths in it. Russ and Joey will also go over (Dave’s 7 Baby Steps) and discuss how it may or may not be the right way to go. As you’re trying to learn about the Infinite Banking Concept (IBC) to determine right versus wrong, get answers to your questions from the people who have been practicing IBC for many years. You need objective truth, and that’s what you will get from this episode. Stay tuned and learn the proper path to take control of your finances to create your desired future. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here: (
#172: Are you at that point where you can’t decide the path you have to take? Listen to this episode and find out how you can have clarity, take control, chart a path, and achieve freedom. Today’s guest, (The Fearless Investor), Kyle Stanley will share tips on how to invest, kickstart your business, or become a better business owner. Learn about arbitrage, short-term rentals via AirBnB, and Kyle’s BRRRR framework. (Buy->Rehab->Rent->Refinance->Repeat)  If you have a strong desire to invest in a short-term rental business via AirBnB, and make it work, check out the resources and go from there.  Top 3 Things You'll Learn: Understanding the market and what the deal looks like  Strategies to scaling your short-term rental business What does Freedom of Choice look like and how you can achieve it   Resources: Download AirBnB Calculator: ( How to Become an AirBnB Host: ( AirDNA (Short-Term Rental Analytics): (   About Kyle: Kyle Stanley is the host of (The Fearless Investor Podcast), where he brings in innovative investors so his audience can learn from them. Kyle was also involved in multi-level marketing before becoming an entrepreneur. Now he helps people learn investing strategies like AirBnB, real estate, and much more! Kyle knows his stuff for sure, having invested in real estate and an AirBnB host since 2018. He loves baseball, volunteering at a local dog shelter, and traveling.   Connect with Kyle: The Fearless Investor: (
If you want to get financial advice, where would you go? Who do you ask? Would you listen to someone who says one thing but does another? This episode is prompted by radio and television celebrity Dave Ramsey’s 9-minute video (Why Infinite Banking is a SCAM!). Dave’s comments were in response to a caller who has taken up his (7 Baby Steps) and now asking about IBC. Listen up as we break down the difference between what Dave says and what IBC teaches about building passive income. Instead of running from things we don’t understand, let’s get the facts from people who know what IBC is all about -- and it’s not Dave Ramsey.  -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here: (
#172: So you’ve just come up with a fantastic business idea, now what? How do you drive demand and create scarcity so people want to buy your product? Marketing your product is the best thing you can do as an entrepreneur. Today we have Stephen Woessner, CEO of (Predictive ROI )and host of the top-rated (Onward Nation Podcast), who will lay out the process in identifying your ideal client avatar and finding your niche so you can grow your business. “Stop wandering aimlessly,” and pick up valuable strategies from Stephen’s journey from a struggling entrepreneur to becoming a successful CEO in an industry that helps other entrepreneurs achieve their goals.  Top 3 Things You'll Learn: Business valuations and lessons from running an undercapitalized business in a very challenging market What is Predictive ROI, and how can it help you as a business owner Knowing your Ideal Client Avatar and learning the strategies to provide specific results to clients   About Stephen: Stephen Woessner is the host of (Onward Nation Podcast) and the founder and CEO of (Predictive ROI), a digital marketing agency, which helps agencies, coaches, and consultants build their thought leadership and then monetize it. He is the author of three books, including the #1 bestseller, (Profitable Podcasting).    The Best Way to Connect with Stephen: LinkedIn: (  Get an invite to Attend their weekly show “How to Fill Your Sales Pipeline Open Mic Q&A.” 
#171: How do you ensure a great future for you and your family? Most people go the traditional route -- putting money in the bank and investing in ROTH or IRA. While this is good, at what point will it get you to where you want to be? Today’s guest, Tobi Kimura, is an avid listener to the (Wealth Without Wall Street podcast )and a (Community) member. She walks us through her incredible journey living an ordinary family life, having a full-time job while raising a family, and building an impressive portfolio of 77 rental properties. She shares how the Infinite Banking Concept has been instrumental in achieving this path. Tobi talks about why passion is essential in creating financial freedom, peace of mind, and building a legacy. She hopes to inspire others to take the same steps.  Tobi leaves a beautiful message for everyone:  “You’re going to stumble upon some hard times, some unknowns, you have to make some pretty important decisions, but once you get through those hurdles, you can pick up, dust yourself up, and move on to the next one…” Top 3 Things You'll Learn: Taking the first step by educating yourself and stepping out of the box Setting your goals and gearing up to explore infinite possibilities Finding the motivation to strive and continue growing    About Tobi: Tobi lives in Hawaii with her husband, Nathan, and their two children. She works in a medical distribution company while her husband works in his family’s construction business. With the primary goal of achieving financial freedom and securing their children’s future, Tobi has taken the lessons learned from the Infinite Banking Concept and created multiple income streams by investing in real estate. They now have 77 rental properties on the mainland.
#169: “Vision is something that you think about, but the reality of it is when you can see it because you put it down somewhere in front of you.” ~ Russ Morgan As we’re nearing 2021, it’s a great time to sit down with your family, envision what you want to accomplish for the coming year, and put everyone’s ideas on a vision board. The Passive Income Report is part of Russ’s vision board. This practice was inspired by (Entrepreneurs on Fire by John Lee Dumas) and (The Smart Passive Income by Pat Flynn), who put their passive income on their websites to motivate others to set goals and create accountability. Today, Russ and Joey will go through the November Passive Income Report and share “the good, the bad, and the ugly” with what they’re doing.  One good practice you can start with is creating a vision board to achieve what you want and gain financial freedom in 2021.  ~~~ November 2020 Passive Income Summary:  Gross Income:  $53,862 Total Expenses:  $32,803 Net Profit:  Over $20,969 ~~~ Breakdown of Passive Income Sources: Land Business $2,830 per month passive income | $130,000 property that can be resold If you’d like to learn more about the land flipping business, download the investor tool from (The Land Geek: Mark Podolsky) Cattle Business Unsuccessful - nothing sold for the month and will be dissolved in 2021 Short Term Rental Property  $27,325 Income | $22,249 Expenses; $900 Profit at 73% occupancy Targeting to improve occupancy to 80%-85% next year Ethereum Miners $3,300 Income | $1,500 Expenses | $1,843 Profit Long Term Rental Business Not doing very well Community - Inner Circle Membership for IBC $14,349 Income | $2,500 Expenses | $11,849 Profit  Short Term Rental (STR) Mastermind $600 Profit Freedom Seekers Masterclass (Brand New Coaching Program) $3,705 Profit Join the waitlist for January 2021 E-commerce  Not doing very well Joey will sell the business if it doesn’t take off by March 31, 2021
It’s the season of giving, and we love giving gifts. If you can pass down anything to your children, what would it be? Have you ever considered using life insurance as a gifting mechanism? In today’s round table, we’ll talk about how to use your insurance policy for gifting. A couple of ideas would be funding a life insurance policy for a child or grandchild or electing a portion of your death benefit to go to a charity. Using the Infinite Banking Concept or IBC, we buy cash value, and we purchase infinite uses of that cash value.  In Nelson Nash’s second book, (Building Your Warehouse of Wealth), there’s a chapter that talks about “anticipating a windfall.” Essentially what we can do within the framework of IBC would be:  PAY premium->CREATE cash value->BORROW against that cash value->GIVE in anticipation of a windfall.  IBC is a great way of practicing the abundance mindset and a powerful tool if you want to impact people more. When you look at it in its entirety, using your policy for gifting in the context of IBC is a fantastic gift. You will always get more than what you put in, and it will last a  lifetime.  -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here: (
#168: Are you someone who just experienced a major life change? Maybe you lost your job, had a considerable business failure, or even a failed marriage. Whatever it was for you, know that there’s life after what you’ve just been through. Today we have Joshua Kalinowski, host of (The JK Experience) and a very successful businessman who lives a purposeful life. His story will bring clarity and some practical steps you can take to manage the transitions in your life. Listen to Josh’s journey so you too can find your vision, discover your greater purpose in life, become the best version of yourself, and create a legacy.  Top 3 Things You'll Learn: Josh’s process in transforming his life and how you can do the same How to get out of your comfort zone, invest in yourself, and learn from others How to build successful businesses and raise leaders so you can do what you do best   About Joshua: Josh Kalinowski is a former professional baseball player turned real estate agent then CEO who now runs six successful businesses. He helps leaders live a life of extraordinary impact, influence, and faith. Through his podcast, (The JK Experience), Josh shares what he learns about finding inner greatness to keep moving forward towards the finish line. To learn more from Josh, watch out for his book, Strike Three: What Do You Do When the Game’s Over But Life’s Not, coming out in 2021.   Connect with Joshua: Website: (
Today’s conversation is: “What if I can’t pay my premiums?” We’re going to bring out all the scary things that one can think of and hear what the coaches have to say. Let’s look at some of the thought processes that trigger the question: Scarcity mindset vs. being prudent Options and flexibility Fear of commitment It depends on what ultimately you are trying to achieve and how you view your premiums. Do you consider your premiums as an expense or an investment? Are you building your insurance policy for the death benefit or for creating growth? Once you get this clear, that’s when you can carve out a path and create passive income streams. When you depend solely on your active income, the worst possible situation is losing that income or having zero income while needing to pay premiums. If you focus on building your passive income sources, you will overcome the fear and see what options are available to you.  -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here: (
Comments (1)

Brandon Wong

great strategies for income and retirement

Dec 18th
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