Why You Need To Think Outside Of The Box When It Comes To Building Wealth

When the traditional ways of building wealth weren't working for our two guests, they left Wall Street in the rear view mirror and never looked back. Joining us today are Joey Mure and Russ Morgan— WealthWithoutWallstreet.com , to talk about building wealth outside of Wall Street. Russ & Joey help clients look outside of the traditional 401(k) box and the stock market at other options to build wealth, such as: Insurance Real estate Business investing Lending Or, other streams that are a better fit for their clients. But don't expect them to do all the work for you, they believe that you should be an active participant in building your own wealth and by taking control of your own finances it will lead to greater prosperity and less stress. Listen in as Russ & Joey answer these whys: Why 15 year mortgages and tax deferrals are both bad ideas Why mutual fund investing is one of the worst things people can do with their money Why diversification is a lie You need to invest in the one thing that you understand; if it's real estate go all in, if it's business go all in, if it's commodities or paper assets go all in but you better be active and you better know what's going to happen and be able to control it. Because at the end of the day if everything hits the fan I want to be in the position where at least I knew I was the one who lost it and I was in control making it back versus looking up like I was in 2008, 2009 palms up saying what just happened? Listen in for all the details and get ready to take control of your money and start building wealth on your terms! TIP OF THE WEEK Scott: Check out the book, Am I Being Too Subtle? by Sam Zell. Joey & Russ: It's not all about income, it's about how much we keep and one of our biggest expenses is taxes. Go to FreeTaxCall.WealthWithoutWallStreet.com to learn how to use legal tax codes that could save you 30-50% of what you're paying out. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

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Why You Need To Think Outside Of The Box When It Comes To Building Wealth is an episode from The Art of Passive Income Podcast by Mark Podolsky.

This episode is 33:05 long.

This episode was published on Aug 22, 2019.

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