Ready for a masterclass in managing the 7 sources of residual income? It’s not like today’s guest makes it look easy – but he definitely shows us how it is possible. And how you can have some fun along the way! Between real estate, owning a business, and even running a music festival – it is never a dull moment.

On this episode of the Uncommon Life Project Podcast, hosts Phillip Ramsey and Bryan Dewhurst talk with Courtney Wooge.

Courtney is a second generation owner of FCIS Insurance. He is also one of the founders of the Tree Town music festival – the premier country music festival in the Midwest – in Forest City, Iowa.

Get ready for a fascinating, wide-ranging conversation. Building wealth for you, the next generation, and where giving back is not a sprint, which makes Courtney a great coach in running a marathon.

What you’ll learn about in this episode:

• How it’s possible to have a hand in all 7 sources of residual income
• Diversify, diversify, diversify
• Why income property can be a great source of cash flow – and a lot of hard work
• The tax benefits and long-term wealth benefits of owning property
• Something completely different – fun and profit in running a music festival
• How to take calculated risks in service of your cash flow
• Setting up for success as a 2nd or 3rd generation business owner
• The mental shifts needed to move from managing yourself to managing a company
• Taking responsibility as an owner
• Using your cash position to leverage the interest on that cash