Financial freedom is possible! This is what Joey Mure, Founder and Partner at Wealth Without Wall Street so passionately wants to share to people who would like to live their life feeling that they are bounded with limitations. Joey brings impact, integrity, and generosity to the company every day. He hopes to be remembered as a lover of Jesus, devoted husband, and faithful father.
Despite dreaming, around age 10, of becoming an orthopedic surgeon, Joey was in the mortgage business for 11 years before moving to finance in 2014. His personal mentor, Nelson Nash — another man of integrity and impact — is someone Joey deeply admires. Joey's strengths in building relationships, asking great questions, and influencing and empowering people with the Wealth Without Wall Street message make him invaluable to the company's mission. He is relational, impactful, and a true leader. His colleagues would add that he's thoughtful, funny, and a family man. Many people don't know that Joey ate a 72-ounce steak dinner once.
If he could be anywhere other than work, you'd find him at the beach with his family. And every Sunday morning, they're worshipping the Lord. A lifetime goal of Joey's is to impact the world for Christ, and a more near-term goal is to purchase a beach house for my family. Aside from Wealth Without Wall Street, Joey listens to Sharran Srivatsaa's Business School podcast and Donald Miller's Building A StoryBrand podcast. He's happiest when he's traveling with his wife or golfing with his girls. He cares deeply about Campus Outreach, Cru, Navigators, Sav a Life, Lifeline Adoption, and Young Business Leaders. His aims to live by the words "Trust in the Lord with all your heart and lean not on your own understanding. In all your ways acknowledge Him and He shall direct your path (Prov 3:5-6)."
[00:01 - 06:54] How It All Started
- Josh explains the Airbnb Arbitrage model
- Welcoming Josh Mure to the show
[06:55 - 17:15] The True Meaning of Success and Living the Life
- Starting in the mortgage business. His first exposure to real estate
- The events that led him to realize the true meaning of success
- Taking a leap: Leaving his w-2 job and diving into the business world
- How he and friend Russ Morgan started Wealth Without Wall Street
- The mission: educate people that financial freedom is possible
[17:16 - 50:38] Road to Financial Freedom
- Creating $100k passive rental through short term rentals
- Hiring people to do what they do best
- Running short-term rental in the midst of a pandemic
- Joey explained the arbitrage model
- Keeping the right people to manage the business (it's more than just the salary)
- Leveraging systems and technology to remotely manage rental properties
- The risks of the arbitrage model
- Raising a million dollars for a new short term rental deal
[49:36 - 53:45] Pod Decks Segment
- Fun story behind the four and a half-pound steak
- Describe your sense of humor
- Would you rather have or which one would you rather ask? ABS or biceps and why?
- Bonus question: What jobs will the advancement of the future never threaten?
[53:52 - 1:00] Core Four Questions
- Favorite business book
- What do you think your unique skill is that helps you become successful.
- Tell me something that's true about real estate. That almost nobody agrees with you on
- Joey's advice to people who would like to succeed in real estate
Key Quotes
"People are really the key to success in any business and in any matter in life
networking is so critical. If you're in real estate, if you're going to be successful in real estate in any shape, or form, you have to know how to network, you have to be connecting with people." - Joey Mure
"The advancements of the world will never take the place of that person who has invested in themselves, and who has really honed a skill and learn something that they can then share with the world." - Joey Mure
Resources Mentioned
Rich Dad Poor Dad
Becoming Your Own Banker: Unlock the Infinite Banking ConceptThe Road Less Stupid
Connect with Joey on Linkedin
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You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube
You can also email me at [email protected]
For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com
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