Becoming financially free does not have to be difficult. But it is! It is complicated because we constantly get distracted by many things in our busy lives. We don't know what to do, and we don't have time to figure it out. But what if someone can show you how to install a system to put your finances on autopilot? In this episode, Russ and Joey explain the Passive Income Operating System to teach people how to automate their financial system while they go on living their busy lives. If you want to learn how to do it, this episode will show you the way.  Top 3 Things You’ll Learn:The importance of installing the Passive Income Operating SystemWhy you must not co-mingle your personal and business accounts How to properly set up your financial system, so it works on autopilot

 Turn Active Income Into Passive Income: http://wealthwithoutwallstreet.com/pios 
 Access our FREE financial ScoreCard:  https://www.wealthwithoutwallstreet.com/scorecard 
 Determine How Close You Are to Financial Freedom: https://go.wealthwithoutwallstreet.com/quiz 
 Take Advantage of a Free Financial Strategy Call: https://go.wealthwithoutwallstreet.com/free-financial-call 
 
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How to Turn Active Income into Passive Income Using the Passive Income Operating System with Joey Mure and Russ Morgan

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 wealthwithoutwallstreet.com

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If you’re worried about saving enough of your earnings to meet your financial goals, building wealth through passive income might appeal to you. But which passive income idea should you pursue? Does the size of your investment matter? 
 In today's episode, Russ and Joey discuss some of the small and big deals they have been considering and the income potential of each transaction. They also discuss their different passive income sources and what they earned for April 2024.  
 While many of their investments have been successful, a couple have not performed as well as expected.  
 Top three things you will learn:  -Comparing small and big deals -The upside of hiring an operator -Passive income ideas that have been consistently making money 
 April 2024 Income At-A-Glance:  Gross Income for April: $56,160.00 Total Expenses for April: $13,152.81 Total Net Profit for April: $43,007.19 Difference b/t March & April: ($4,170.24) % of net profit to overall gross revenue: 77% 
 
 Wealth Without Wall Street New Book: https://go.wealthwithoutwallstreet.com/newbook 
 Free IBCA or Financial Freedom Discovery Calls: https://www.wealthwithoutwallstreet.com/freecall 
 Join Our Next Inner Circle Live Event https://go.wealthwithoutwallstreet.com/inner-circle-live Promo Code: PODCAST 
 Explore the World's Largest Car Sharing Marketplace: https://turo.com/ 
Learn How to Invest in Real Estate with The Land Geek:https://thelandgeek.com/
Turn Active Income Into Passive Income:https://go.wealthwithoutwallstreet.com/pios 
Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quiz
Subscribe to Our YouTube Channel:https://youtube.com/@WealthWithoutWallStreet
Check Out Our Monthly Passive Income Reports: https://wealthwithoutwallstreet.com/passive-income
Discover Your Path to Financial Freedom: https://wealthwithoutwallstreet.com/passport
Apply to Join the Passive Income Mastermind:https://wealthwithoutwallstreet.com/wwws-passive-income-mastermind
How to Buy Online Businesses for Profit: <a...

Investing for Passive Income: Small vs. Big Deals

Taxes can be substantial, taking a massive chunk of your income. The more money you make, the higher your tax liability. Regardless of how much you earn, can you reduce your taxable income?  
 Careful tax planning could significantly reduce your tax burden, even if you have a relatively high income. Today's conversation focuses on creative ways to reduce your tax liability legally. 
 Join Russ, Joey, and the financial freedom coaches as they discuss the following: -How to effectively reduce the expenses associated with what we spend for our children -What is QBI, and how do we maximize it?  -How to use your home for business meetings and qualify for the Augusta Rule 
 Wealth Without Wall Street New Book: https://go.wealthwithoutwallstreet.com/newbook 
 Free IBCA or Financial Freedom Discovery Calls: https://www.wealthwithoutwallstreet.com/freecall 
 Join Our Next Inner Circle Live Event: https://go.wealthwithoutwallstreet.com/inner-circle-live Promo Code: PODCAST 
 Turn Active Income Into Passive Income: https://go.wealthwithoutwallstreet.com/pios 
 Find Out How Close You Are to Financial Freedom:  https://go.wealthwithoutwallstreet.com/quiz 
 Join the Wealth Without Wall Street Community:  https://wealthwithoutwallstreet.com/community 
 Discover Your Path to Financial Freedom: https://wealthwithoutwallstreet.com/path
Join the Passive Income MasterMind: https://wealthwithoutwallstreet.com/club200
The Land Geek:https://thelandgeek.com/
Invest With Your Friends and Family:https://tribevest.com/partners/wwws
Know Your Investor DNA:https://go.wealthwithoutwallstreet.com/investordna
The Infinite Banking Concept Explained by a CFP:https://www.youtube.com/watch?v=sVuexMv6Kf4
Becoming Your Own Banker by Nelson Nash:https://infinitebanking.org/what-is-infinite-banking/becoming-your-own-banker/
Financial Literacy App for Kids:<a href="https://gravystack.com/" rel="noopener...

Round Table | How to Pay Less Taxes to the IRS: Case Studies

Flipping vacant land is one of the most overlooked and misunderstood ways to make money in real estate. It’s also one of the best. However, one common problem land flippers experience is a lack of funds, which sometimes prevents them from snapping up deals.  Sure, they can borrow from traditional banks, but they need to fill out a lot of paperwork and go through a tedious process, and there is no guarantee that their loan will be approved.  
 That's where private money lenders come in. Lending money to land flippers is a profitable business model. Russ and Joey chat with Quinn McArthur and Eric Scharaga to give you more information about this opportunity.  
 Top three things you will learn:  -How to invest in land funding -The most exciting thing about land funding -What a typical land funding deal looks like 
 About Our Guests: Quinn excels as an investor, leveraging his extensive background in finance and comprehensive real estate expertise as a commercial real estate developer and asset manager. Renowned for his mastery in land acquisitions and active involvement as a note investor, he passionately pursues his interests in faith, family, finance, and fitness. 
 Eric is an expert in residential and commercial lending and default, including performing, non-performing, active bankruptcy, and vacant land. In 2020, Eric authored the book Lienlord, an introduction to the power of note investing. He is passionate about personal finance and enjoys introducing land investors to creative strategies for seller financing. 
 Quinn and Eric have purchased over 500 mortgage loans and currently hold an inventory of over $1.5M in vacant land notes. They have directly financed over $5.5M in land acquisitions across 36 states.    
 Connect with Quinn and Eric: -Website - https://www.legacylandfund.com/ 
 Wealth Without Wall Street New Book: https://go.wealthwithoutwallstreet.com/newbook 
 Free IBCA or Financial Freedom Discovery Calls: https://www.wealthwithoutwallstreet.com/freecall 
 Join Our Next Inner Circle Live Event: https://go.wealthwithoutwallstreet.com/inner-circle-live Promo Code: PODCAST 
Apply to Join the Passive Income Mastermind:https://wealthwithoutwallstreet.com/wwws-passive-income-mastermind
Join the Community:https://wealthwithoutwallstreet.com/community
Turn Active Income Into Passive Income:https://go.wealthwithoutwallstreet.com/pios 
Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quiz
Discover Your Path to Financial Freedom: <a...

Private Money for Land Flipping with Quinn McArthur and Eric Scharaga

Managing your finances may seem overwhelming, but you can learn some best practices from many great books about the subject. While it can be time-consuming to read all these books yourself, why not start by listening to today's conversation so you can get a head start on learning how to make your money work for you?  
 Join Russ, Joey, and the financial freedom coaches as they discuss the following: -How different people make money -Using facts and data rather than emotions to make decisions -Money-making principles and frameworks 
 Here are some of the books mentioned in this episode: -Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income -Killing Sacred Cows -Rich Dad Poor Dad -Cashflow Quadrant -The E-Myth -Becoming Your Own Banker -Think and Grow Rich -Profit First -The 4-Hour Workweek -Never Split the Difference -Three Feet from Gold -Tax-Free Wealth -Dirt Rich 
 Here is the list of "40 books We Recommend" on our Amazon Store: https://amzn.to/49UyD1d 
 Wealth Without Wall Street New Book: https://go.wealthwithoutwallstreet.com/newbook 
 Free IBCA or Financial Freedom Discovery Calls: https://www.wealthwithoutwallstreet.com/freecall 
 Join Our Next Inner Circle Live Event: https://go.wealthwithoutwallstreet.com/inner-circle-live Promo Code: PODCAST 
 Turn Active Income Into Passive Income: https://go.wealthwithoutwallstreet.com/pios 
 Find Out How Close You Are to Financial Freedom:  https://go.wealthwithoutwallstreet.com/quiz 
 Join the Wealth Without Wall Street Community:  https://wealthwithoutwallstreet.com/community 
 Discover Your Path to Financial Freedom: https://wealthwithoutwallstreet.com/path
Join the Passive Income MasterMind: https://wealthwithoutwallstreet.com/club200
The Land Geek:https://thelandgeek.com/
Invest With Your Friends and Family:https://tribevest.com/partners/wwws
Know Your Investor DNA:https://go.wealthwithoutwallstreet.com/investordna
The Infinite Banking Concept Explained by a CFP:<a href="https://www.youtube.com/watch?v=sVuexMv6Kf4" rel="noopener noreferrer"...

Round Table | We Read 40 Books on Money. Here's What Will Make You Rich

Investing might sound like one of the scariest parts of managing your finances if it's your first time, but it’s also potentially the most rewarding. It is one of the best ways to become financially free over time. A savings account just won’t build wealth. 
 So, where should you start? Today's conversation with Dave Zook will give you some insights and inspire you to explore the world of investing in real assets.  
 Top three things you will learn:  -What is a real asset, and what makes it a good investment? -The number one mistake that new investors make -How to account for black swan events as you perform your due diligence 
 About Our Guest: Dave Zook is a successful business owner, syndicator, and investment and tax strategist. He founded The Real Asset Investor in 2015 after growing a handful of successful businesses. Dave helps others through education and offering investments to help them achieve their financial goals. 
 Connect with Dave Zook: -Email - info@TheRealAssetInvestor.com 
 Wealth Without Wall Street New Book: https://go.wealthwithoutwallstreet.com/newbook 
 Free IBCA or Financial Freedom Discovery Calls: https://www.wealthwithoutwallstreet.com/freecall 
 Join Our Next Inner Circle Live Event: https://go.wealthwithoutwallstreet.com/inner-circle-live Promo Code: PODCAST 
Apply to Join the Passive Income Mastermind:https://wealthwithoutwallstreet.com/wwws-passive-income-mastermind
Join the Community:https://wealthwithoutwallstreet.com/community
Turn Active Income Into Passive Income:https://go.wealthwithoutwallstreet.com/pios 
Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quiz
Discover Your Path to Financial Freedom: https://wealthwithoutwallstreet.com/passport
Know Your Investor DNA:https://go.wealthwithoutwallstreet.com/investordna
Invest with The Land Geek:https://thelandgeek.com/
Invest with Your Friends and Family:https://tribevest.com/wwws


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How to Turn Active Income into Passive Income Using the Passive Income Operating System with Joey Mure and Russ Morgan

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