The Wealth Without Wall Street Podcast

Most entrepreneurs spend years building a successful business, but what if that business is also the thing keeping them trapped? Russ Morgan reveals why building an operating business alone might never create true financial freedom and explains the second business entrepreneurs need to build to turn active income into lasting passive income.
He breaks down the three components behind building an investment business, explains the “earn, store, deploy, repeat” framework, and clarifies how entrepreneurs can both keep money growing and be ready for opportunities.
Find out how to create a second business that produces enough passive income to give you more control over your time, decisions, and future.
Top three things you will learn:
-Two businesses every entrepreneur needs to build
-The system for turning active income into passive income
-Why financial freedom starts with defining your finish line
💸 Build a Passive Income Machine in 3 Steps
Stop trading hours for dollars and start building wealth the way the wealthy actually do 👇

🧬 Step 1 – Find out what kind of investor you actually are
There are no good or bad investments, only good or bad investors. Take the Investor DNA assessment and get your investor type, your personal buy box, and the top 2 passive income streams that fit how you’re wired, plus the first move to make this week.
👉 http://wealthwithoutwallstreet.com/investor-dna

👀 Step 2 – Learn the system in 12 minutes (free)
In 12 minutes flat, see the Infinite Banking Concept that took Russ and Joey past $50,000/month in passive income: how to recycle the dollars you’re already spending and make them work twice, so the same money funds your life and buys your assets.
👉 https://apply.wealthwithoutwallstreet.com/

📈 Step 3 – Build Your Passive Income Machine
We didn’t inherit this. Russ and Joey built the system themselves and now collect over $50,000/month in passive income. Inside the Passive Income Lab, we hand you that exact system and work with you 1-on-1 for 12 weeks to install it: your Freedom Number, your Family Bank, and a real deal pipeline in the next 90 days.
👉 http://choosePassiveIncome.com

More free ways to grow your wealth
📊 Take the Financial Freedom Analyzer
Two minutes to see your Freedom Number, your current gap, and what has to change to close it.
👉 quiz.wealthwithoutwallstreet.com

👥 Join Our Free Community
Swap deals and lessons with 10,000+ investors doing this right now
👉 http://wealthwithoutwallstreet.com/community

😡 Paying $250K+ in taxes? Stop the bleed.
Apply for the next Tax Strategy Intensive and keep more of what you earn.
👉 wealthwithoutwallstreet.com/tax

📘 The book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income
👉 wealthwithoutwallstreet.com/newbook
📸 Daily plays on Instagram @wealthwithoutwallst
▶️ Watch on YouTube https://www.youtube.com/@WealthWithoutWallStreet?sub_confirmation=1
📧 Subscribe on Substack https://wealthwithoutwallstreet.substack.com/
DISCLOSURE:
Wealth Without Wall Street provides educational and informational content only and does not provide legal, tax, financial, or investment advice. Any examples or case studies are illustrative and not a promise or guarantee of results. Earnings or income statements (if any) are not typical, and your results will vary based on factors such as your effort, experience, market conditions, and business decisions. You are responsible for your own actions and outcomes.

You’ve been told that maxing out your 401(k) is the smartest financial move, but have you ever looked at the math behind the strategy? Joey Mure breaks down the assumptions behind traditional retirement planning and why the strategy may not create the freedom you actually want.
Joey shares four overlooked challenges that can impact your wealth, flexibility, and ability to access your money when opportunities arise. He also explores why building a retirement account balance may not be the same as creating true financial freedom.
Discover the alternative equation that matters most: creating enough passive income to cover your monthly expenses and give you more control over your future.
Top three things you will learn:
-The four hidden challenges of relying on your 401(k)
-Why retirement account balances don’t always equal financial freedom
-The difference between accumulating money and building cash flow
💸 Build a Passive Income Machine in 3 Steps
Stop trading hours for dollars and start building wealth the way the wealthy actually do 👇

🧬 Step 1 – Find out what kind of investor you actually are
There are no good or bad investments, only good or bad investors. Take the Investor DNA assessment and get your investor type, your personal buy box, and the top 2 passive income streams that fit how you’re wired, plus the first move to make this week.
👉 http://wealthwithoutwallstreet.com/investor-dna

👀 Step 2 – Learn the system in 12 minutes (free)
In 12 minutes flat, see the Infinite Banking Concept that took Russ and Joey past $50,000/month in passive income: how to recycle the dollars you’re already spending and make them work twice, so the same money funds your life and buys your assets.
👉 https://apply.wealthwithoutwallstreet.com/

📈 Step 3 – Build Your Passive Income Machine
We didn’t inherit this. Russ and Joey built the system themselves and now collect over $50,000/month in passive income. Inside the Passive Income Lab, we hand you that exact system and work with you 1-on-1 for 12 weeks to install it: your Freedom Number, your Family Bank, and a real deal pipeline in the next 90 days.
👉 http://choosePassiveIncome.com

More free ways to grow your wealth
📊 Take the Financial Freedom Analyzer
Two minutes to see your Freedom Number, your current gap, and what has to change to close it.
👉 quiz.wealthwithoutwallstreet.com

👥 Join Our Free Community
Swap deals and lessons with 10,000+ investors doing this right now
👉 http://wealthwithoutwallstreet.com/community

😡 Paying $250K+ in taxes? Stop the bleed.
Apply for the next Tax Strategy Intensive and keep more of what you earn.
👉 wealthwithoutwallstreet.com/tax

📘 The book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income
👉 wealthwithoutwallstreet.com/newbook
📸 Daily plays on Instagram @wealthwithoutwallst
▶️ Watch on YouTube https://www.youtube.com/@WealthWithoutWallStreet?sub_confirmation=1
📧 Subscribe on Substack https://wealthwithoutwallstreet.substack.com/
DISCLOSURE:
Wealth Without Wall Street provides educational and informational content only and does not provide legal, tax, financial, or investment advice. Any examples or case studies are illustrative and not a promise or guarantee of results. Earnings or income statements (if any) are not typical, and your results will vary based on factors such as your effort, experience, market conditions, and business decisions. You are responsible for your own actions and outcomes.

What happens when a CPA evaluates Infinite Banking like any other financial product? In this episode, Russ and Joey sit down with Anthony J. Faso to explore what CPAs may be getting wrong about Infinite Banking, why he changed his perspective after the financial crisis, and how his experience eventually led him to leave his CPA firm and focus full-time on helping people implement Infinite Banking.
Anthony also shares client examples involving retirement accounts, short-term rentals, business liquidity, and buying competitors during an industry downturn. The conversation goes beyond the policy itself to explore liquidity, opportunity cost, cash-flowing assets, tax deductions, and why Infinite Banking is a process, not simply a life insurance product.
Top three things you will learn:
-Why evaluating Infinite Banking solely by rate of return can miss the bigger picture
-How liquidity can create opportunities for entrepreneurs during difficult markets
-Why simply taking a policy loan does not create wealth
About Our Guest:
Anthony J. Faso is a self-proclaimed “Recovering CPA.” He was born and raised in Las Vegas, NV. After serving in the Army, he graduated with a degree in accounting from UNLV. After working for the accounting firm PricewaterhouseCoopers (PwC) and owning his own firm, Anthony now focuses his practice on teaching his clients the Infinite Banking Concept.
Connect with Anthony J. Faso:
👉 https://anthony.infinitewealthconsultants.com/
Buy the Book (Becoming Your Own Banker):
📘https://www.wealthwithoutwallstreet.com/infinite-banking
💸 Build a Passive Income Machine in 3 Steps
Stop trading hours for dollars and start building wealth the way the wealthy actually do 👇

🧬 Step 1 – Find out what kind of investor you actually are
There are no good or bad investments, only good or bad investors. Take the Investor DNA assessment and get your investor type, your personal buy box, and the top 2 passive income streams that fit how you’re wired, plus the first move to make this week.
👉 http://wealthwithoutwallstreet.com/investor-dna

👀 Step 2 – Learn the system in 12 minutes (free)
In 12 minutes flat, see the Infinite Banking Concept that took Russ and Joey past $50,000/month in passive income: how to recycle the dollars you’re already spending and make them work twice, so the same money funds your life and buys your assets.
👉 https://apply.wealthwithoutwallstreet.com/

📈 Step 3 – Build Your Passive Income Machine
We didn’t inherit this. Russ and Joey built the system themselves and now collect over $50,000/month in passive income. Inside the Passive Income Lab, we hand you that exact system and work with you 1-on-1 for 12 weeks to install it: your Freedom Number, your Family Bank, and a real deal pipeline in the next 90 days.
👉 http://choosePassiveIncome.com

More free ways to grow your wealth
📊 Take the Financial Freedom Analyzer
Two minutes to see your Freedom Number, your current gap, and what has to change to close it.
👉 quiz.wealthwithoutwallstreet.com

👥 Join Our Free Community
Swap deals and lessons with 10,000+ investors doing this right now
👉 http://wealthwithoutwallstreet.com/community

😡 Paying $250K+ in taxes? Stop the bleed.
Apply for the next Tax Strategy Intensive and keep more of what you earn.
👉 wealthwithoutwallstreet.com/tax

📘 The book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income
👉 wealthwithoutwallstreet.com/newbook
📸 Daily plays on Instagram @wealthwithoutwallst
▶️ Watch on YouTube https://www.youtube.com/@WealthWithoutWallStreet?sub_confirmation=1
📧 Subscribe on Substack https://wealthwithoutwallstreet.substack.com/
DISCLOSURE:
Wealth Without Wall Street provides educational and informational content only and does not provide legal, tax, financial, or investment advice. Any examples or case studies are illustrative and not a promise or guarantee of results. Earnings or income statements (if any) are not typical, and your results will vary based on factors such as your effort, experience, market conditions, and business decisions. You are responsible for your own actions and outcomes.

Entrepreneurs are wired to solve problems, take risks, and believe they can make almost anything work. But those same strengths can become dangerous when investing. Russ and Joey reveal the mindset shift that separates building a business from building wealth and why optimism can become your biggest investing weakness.
In this July Passive Income Report, they compare the entrepreneur mindset with the investor mindset and share examples from their portfolio. They explain the Investor Buy Box, the framework they use to evaluate every opportunity, and why it has become more valuable than trusting a great pitch.
The lesson is that entrepreneurs do not have to stop investing, but they must learn to think differently before moving their money.
Top three things you will learn:
-Why entrepreneurs often make poor investment decisions
-How the Investor Buy Box changes decision-making
-Why verification matters more than a compelling story
Mentioned in this episode:
-The Entrepreneur Roller Coaster by Darren Hardy - https://store.darrenhardy.com/products/the-entrepreneur-roller-coaster
July 2026 Income At-A-Glance:
-Gross Income for July: $59,099.00
-Total Expenses for July: $14,108.00
-Total Net Profit for July: $44,991.00
-Difference b/t June & July: $883.00
-% of net profit to overall gross revenue: 76%
💸 Build a Passive Income Machine in 3 Steps
Stop trading hours for dollars and start building wealth the way the wealthy actually do 👇

🧬 Step 1 – Find out what kind of investor you actually are
There are no good or bad investments, only good or bad investors. Take the Investor DNA assessment and get your investor type, your personal buy box, and the top 2 passive income streams that fit how you’re wired, plus the first move to make this week.
👉 http://wealthwithoutwallstreet.com/investor-dna

👀 Step 2 – Learn the system in 12 minutes (free)
In 12 minutes flat, see the Infinite Banking Concept that took Russ and Joey past $50,000/month in passive income: how to recycle the dollars you’re already spending and make them work twice, so the same money funds your life and buys your assets.
👉 https://apply.wealthwithoutwallstreet.com/

📈 Step 3 – Build Your Passive Income Machine
We didn’t inherit this. Russ and Joey built the system themselves and now collect over $50,000/month in passive income. Inside the Passive Income Lab, we hand you that exact system and work with you 1-on-1 for 12 weeks to install it: your Freedom Number, your Family Bank, and a real deal pipeline in the next 90 days.
👉 http://choosePassiveIncome.com

More free ways to grow your wealth
📊 Take the Financial Freedom Analyzer
Two minutes to see your Freedom Number, your current gap, and what has to change to close it.
👉 quiz.wealthwithoutwallstreet.com

👥 Join Our Free Community
Swap deals and lessons with 10,000+ investors doing this right now
👉 http://wealthwithoutwallstreet.com/community

😡 Paying $250K+ in taxes? Stop the bleed.
Apply for the next Tax Strategy Intensive and keep more of what you earn.
👉 wealthwithoutwallstreet.com/tax

📘 The book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income
👉 wealthwithoutwallstreet.com/newbook
📸 Daily plays on Instagram @wealthwithoutwallst
▶️ Watch on YouTube https://www.youtube.com/@WealthWithoutWallStreet?sub_confirmation=1
📧 Subscribe on Substack https://wealthwithoutwallstreet.substack.com/
DISCLOSURE:
Wealth Without Wall Street provides educational and informational content only and does not provide legal, tax, financial, or investment advice. Any examples or case studies are illustrative and not a promise or guarantee of results. Earnings or income statements (if any) are not typical, and your results will vary based on factors such as your effort, experience, market conditions, and business decisions. You are responsible for your own actions and outcomes.

What if the biggest problem in your finances isn’t your interest rate but where your attention is focused? In this episode, Russ and Joey continue their Becoming Your Own Banker book review by exploring Nelson Nash’s concept of “the problem.”
The hosts explain why many people spend their time chasing better rates on small amounts of money saved while ignoring the larger financial environment where most of their money actually flows.
Using Nelson’s airplane analogy, Russ and Joey explain how financial headwinds can slow progress and why controlling your financial environment can create a significant advantage over time.
The key point is that financial freedom requires building a stronger capital system and focusing on controlling the financial environment rather than simply optimizing small pieces of the equation.
Top three things you will learn:
-Why interest rates may not be the most important financial number
-What Nelson Nash’s airplane analogy reveals about money
-How to create a system that puts your money back to work
Buy the Book (Becoming Your Own Banker):
📘https://www.wealthwithoutwallstreet.com/infinite-banking
Infinite Banking Example: The True Cost of Paying Cash vs. Whole Life Insurance: 👉 https://www.youtube.com/watch?v=h4rugVZkajc
💸 Build a Passive Income Machine in 3 Steps
Stop trading hours for dollars and start building wealth the way the wealthy actually do 👇

🧬 Step 1 – Find out what kind of investor you actually are
There are no good or bad investments, only good or bad investors. Take the Investor DNA assessment and get your investor type, your personal buy box, and the top 2 passive income streams that fit how you’re wired, plus the first move to make this week.
👉 http://wealthwithoutwallstreet.com/investor-dna

👀 Step 2 – Learn the system in 12 minutes (free)
In 12 minutes flat, see the Infinite Banking Concept that took Russ and Joey past $50,000/month in passive income: how to recycle the dollars you’re already spending and make them work twice, so the same money funds your life and buys your assets.
👉 https://apply.wealthwithoutwallstreet.com/

📈 Step 3 – Build Your Passive Income Machine
We didn’t inherit this. Russ and Joey built the system themselves and now collect over $50,000/month in passive income. Inside the Passive Income Lab, we hand you that exact system and work with you 1-on-1 for 12 weeks to install it: your Freedom Number, your Family Bank, and a real deal pipeline in the next 90 days.
👉 http://choosePassiveIncome.com

More free ways to grow your wealth
📊 Take the Financial Freedom Analyzer
Two minutes to see your Freedom Number, your current gap, and what has to change to close it.
👉 quiz.wealthwithoutwallstreet.com

👥 Join Our Free Community
Swap deals and lessons with 10,000+ investors doing this right now
👉 http://wealthwithoutwallstreet.com/community

😡 Paying $250K+ in taxes? Stop the bleed.
Apply for the next Tax Strategy Intensive and keep more of what you earn.
👉 wealthwithoutwallstreet.com/tax

📘 The book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income
👉 wealthwithoutwallstreet.com/newbook
📸 Daily plays on Instagram @wealthwithoutwallst
▶️ Watch on YouTube https://www.youtube.com/@WealthWithoutWallStreet?sub_confirmation=1
📧 Subscribe on Substack https://wealthwithoutwallstreet.substack.com/
DISCLOSURE:
Wealth Without Wall Street provides educational and informational content only and does not provide legal, tax, financial, or investment advice. Any examples or case studies are illustrative and not a promise or guarantee of results. Earnings or income statements (if any) are not typical, and your results will vary based on factors such as your effort, experience, market conditions, and business decisions. You are responsible for your own actions and outcomes.