The Wealth Without Wall Street Podcast

#191: How do you define financial freedom? For most people, it could mean having lots of money. On a holistic level, financial freedom is more than just accumulating money and being financially stable. Setting clear goals on what is important to you and your family will help to guide you in making sound financial decisions. For Russ and Joey, part of their goal is to have passive income that excee...

Over the last year, millions of American workers have experienced financial uncertainty caused by the sudden and unexpected loss of employment. So, where can someone access needed cash after exhausting stimulus checks and unemployment benefits? Congress responded through the CARES Act. Now you can withdraw up to $100,000 from your 401(k) and IRAs without the 10% penalty.  The question is: sho...

#190: Getting your financial life in order is a goal that you should be doing early in life. But how exactly should you do that? Investing in 401k may be the default choice for you, but think again. Is there a better way to achieve time and financial freedom?. Tune in to hear the story of another Wealth Without Wall Street Community member Jake Jernigan and his experience with using IBC as a tool...

“ Will I have enough money to provide for my kids? ” -- This is a scary thought for most parents. Raising children is a huge responsibility. A child's college education is probably the biggest worry of any parent. If you think schooling is expensive now, imagine how much you'll be spending by the time your child reaches college.  Unfortunately, default plans like 529 or 401k are not exactly t...

#189: The “broke college student” stereotype is part of most cultures. With the high cost of college education, many graduates end up paying student loans for years. We've also heard countless tales of college students working odd jobs that pay pennies just to have spending money. But not everyone fits this stereotype, as we can see from today’s guest. Just because you’re a college student, doesn’...

Insurance is designed to protect your assets and wealth. But the premiums paid to insurance companies can be very high. Why not just self-insure to save money? Meaning you would pay for emergency needs out of your own pocket in the event of an accident, injury, or unexpected loss. But what are the odds of running into an emergency? Stay tuned as the IBC coaches tackle this delicate situation. The...

#188: We’ve been hearing how real estate investing can be lucrative. But how do you start buying properties and making profitable deals? In today’s episode, Russ and Joey bring back Mitch Stephen, a veteran real estate investor and a true cowboy living on a huge ranch. Mitch has mastered the art of raising private money and the classic “Nothing Down” deal. Stay tuned and learn how you can dip your...

Are you in need of cash for business ventures, purchase of large equipment, or property investment? If you’ve been following this show, you know that using the Infinite Banking Concept (IBC) is a better option to getting readily available funds, and you can return the money whenever you decide. So should you pay back the loan earlier than planned? Tune in to another informative discussion about th...

#187: If you’ve been following this podcast, here’s another episode where Russ and Joey discuss their passive income for the month. They also talk about what went well, and what they could have done better. Being open about their business ventures allows them to inspire everyone that it’s possible to have multiple streams of income without trading time for money. Through the effective use of finan...

You’ve heard it discussed here several times: Whole life insurance is a liquid asset. It can act as an emergency fund; whether you run into unforeseen medical bills, costly home repairs, or need cash for large purchases, policy loans offer peace of mind. But why get a bank loan when using the Infinite Banking Concept (IBC) is a better option? The answer lies in the different scenarios we are in, c...

#186: Did you know that a whole life policy is an extremely liquid asset? Today’s episode brings more proof that the Infinite Banking Concept (IBC) can improve your cash flow. You don’t need to go through the hoops of a traditional financial institution to borrow money to fund business acquisitions. Simply request a loan against your whole life policy and you can immediately access the funds. Join...

So you want to invest in real estate but don’t have the cash to purchase properties? Did you know that your policy offers an immediate source of funds without any complications? Unlike other financing options, you can pretty much dictate the repayment terms because it's your policy, and you control it. Plus, a loan against your policy will not impact your credit score. Sounds good, right? Today’s...

#185: How do you define wealth? Would you consider yourself wealthy? It’s important to think about your definition of wealth so you can set a clear goal. In today’s episode, Russ reminds us of his lake house story, what it meant for him and his family, why he ended up selling it, and what he got in return. This story shows yet another way to build wealth while enjoying time with your family. By sh...

Do you believe that “those who have the gold make the rules?” There’s definitely some truth to it, especially in today’s economy where the people who have lots of money can pretty much do anything they want. That is if they have control of their money. But how many people are in that position? It’s a sad reality that people have given away the control of their money to institutions that dictate th...

#184: How do you start investing in real estate or buying your own house? Where do you find properties that are off the market? This episode will give you the answers and provide great insights on real estate investing. Tune in and learn from today’s guest Jeff Stephens, a real estate entrepreneur and host of the Racking Up Rentals podcast. Find out how relationship-building and sophistication can...

We’ve been talking about how the Infinite Banking Concept (IBC) allows you to take control of your money and the creative ways you can make your money work for you. But why do you have to pay interest on the money that you borrow against your policy? Why do you even have to pay back the loan? It is your money anyway, right? In reality, you can choose not to pay back your policy loan and interest i...

#183: How have you been spending your quarantine days? Today’s guest used his time wisely and launched a 6-figure e-commerce business using IBC for funding. Learn how Daniel Espy, a member of the IBC Inner Circle , discovered the potential of Amazon’s market to help create a passive income stream for him and how you can do the same. If you’re wondering how much you can make selling products on Ama...

Are you looking forward to that day where you can live life on your terms? How badly do you want it, and what are you doing to get to that point? Tune in to get ideas on how you can start building surplus cash and generating wealth. This episode is Part 2 of a two-part series where Sharran Srivatsaa, host of the Business School Podcast , interviews Russ and Joey about the Infinite Banking Concept...

#182: Today we're going to share how our businesses performed in February 2021. We love doing this so you can see how we're putting our money to work. Being open about the challenges we go through and the successes we celebrate every month allows us to provide you with support and education. Join us and take every opportunity you can to learn how to start your journey to financial freedom. Februar...

Today’s episode is another discussion on the practical application of the Infinite Banking Concept (IBC) to generate wealth. IBC is not the actual means to achieve financial freedom. Instead, it is the tool that gives you the flexibility and control of your money and what you do with the money that moves you to reaching your financial goal. Listen as our IBC Coaches talk about leveraging IBC and p...

#181: “The line of insurability” is a concept known in the life insurance industry. It’s that point in time when you cannot qualify for an insurance policy, perhaps due to a diagnosis that significantly impacts your life expectancy or reasons related to health, lifestyle, or travel. So what can you do if you become uninsurable? It can be frustrating, but it may not be the end of your options. In t...

Why do so many people struggle with debt? Are you one of them? If you’re wondering what’s the right approach to getting out of debt, realize that the first thing that needs to happen is to have a “behavior shift” so you can stop getting into that cycle of being in and out of bad debts. Evaluate your financial condition and know which of your debts are efficient and inefficient. It’s time to get cr...

#180: If you had a life-changing event that compels you to stay at home or pushes you to find another income stream, what would you do? How do you envision the process of sorting out your finances, priorities, and actions? These are some of the questions that will be discussed in today’s episode with Jamie O’Brien, a member of the IBC Inner Circle . Jamie has a full-time job as a Medical Device Sa...

Are you working hard in building up your retirement fund so you can live a comfortable life when you retire? Who invented this concept anyway? Why can’t you have more freedom today instead of deferring it? These are the questions that our hosts and IBC coaches will discuss in today’s highly debatable topic about retirement and how you should prepare for it. Listen up as they provide analogies and...

#179: How important is it to teach children about the value of money? At what age should children learn financial literacy? Today’s episode brings back Russ Morgan and Joey Mure’s daughters for Part Two of lessons learned from Robert Kiyosaki’s book Rich Dad Poor Dad . If you missed Part One, check out Episode 166 . Whether you’re a parent to young children or someone who wants to reevaluate your...