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:

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:

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:

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:

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

—

Having cash on hand for daily expenses is a good practice. But how much cash should you maintain? Is keeping too much cash practical? Where should you keep your money to ensure maximum growth?

Different people and companies have varied cash requirements, so there is no one-size-fits-all formula for maintaining adequate cash. However, there are best practices to keep in mind.

Join Russ, Joey, and the financial freedom coaches as they discuss the following:

-Where should you put your money to maximize growth?

-How to utilize cash to create returns that you would never have achieved without access to a pool of money

-The difference between emergency reserve and opportunity fund

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/

The Go-Giver by Bob Burg and John David Mann:

Your car is more than just a means of transportation. It’s a potential side hustle– a source of income waiting to be unlocked. Entrepreneurs and clever individuals find innovative ways to turn their cars into revenue-generating machines in today's economy.

So, do you want to turn your car into a passive income stream? Have you considered starting a side hustle in peer-to-peer car-sharing? Have you looked into platforms like Turo or Getaround but don't know how to get started?

You're in luck because today, Russ and Joey are discussing the opportunities in the carsharing business and what it's like to be a Turo host with Aubrey Janik.

Top three things you will learn:

-How to make money on Turo

-The most profitable cars on Turo

-Why The Carsharing Masterclass is an excellent resource for aspiring Turo hosts

About Our Guest:

Aubrey Janik runs a semi-passive, six-figure Turo business with over eighteen cars. How did she do it? One day, Aubrey started renting her car out on Turo, fell in love, and has been building and growing her Turo business ever since. She's also been helping people start their car-sharing businesses.

Connect with Aubrey Janik:

-Website - https://wealthwithoutwallstreet.com/cars

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/

Many businesses, whether big or small, encounter challenges related to financial issues. This is mainly due to their limited access to resources. Knowing some of the difficulties expected is critical to planning well enough to solve them.

How do you think business owners can solve financial challenges? In today's conversation, you will hear why business owners use a financial tool called the Infinite Banking Concept (IBC) to solve many of their business concerns.

Join Russ, Joey, and the financial freedom coaches as they discuss the following:

-How to use IBC to grow the business and accumulate cash to get ready for whatever economic condition

-How to use IBC to alleviate the tax burden for businesses

-How to use IBC to attract and retain top employees

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

---

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: