Round Table | 8 Passive Income Ideas: How We Make $100k Per Month

Investing for Passive Income: Small vs. Big Deals

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:

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

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:

Private Money for Land Flipping with Quinn McArthur and Eric Scharaga

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: 

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

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:

If I Started Investing in 2024, This is What I'd Do with Dave Zook

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 - [email protected]

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

—