How to Turn Active Income into Passive Income Using the Passive Income Operating System
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 System
Why 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:
https://go.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
—
01:10 - What stops us from building a financial system?
08:34 - What is PIOS?
10:40 - What's going through your brain when you get your paycheck, business distribution, or maybe your bonus? What are the things that start going through your mind?
11:57 - How often have you sat down at your desk or your bedside table, wherever you keep your bills, then thought about whether or not you have paid your bills or have extra money to invest? How many times have you done this?
16:54 - Is not having passive income a result of not having the right investments or not being able to invest enough?
23:31 - Have you ever heard of the term spatial disorientation?
23:54 - So, what's the solution?
26:03 - What does an income account do for somebody?
33:28 - What is Infinite Banking?
41:12 - Imagine you have a million dollars on your line of credit and have borrowed half a million dollars for multiple things. What happens to your balance when you make that $20k payment on the line of credit?
41:29 - I have a premium due for one of my many life insurance policies. Where do I get the payment?
41:36 - What happens if I need to make an investment? Where is that cash going to come from?
42:04 - When the investment entity you invested with asks where you want your money returned, what will you tell them?
42:20 - What happens when the tax bill comes up?
42:36 - What's the benefit of paying taxes later?
44:04 - Will this really change anything, or is it just moving money around?
44:29 - Do I need expensive tax attorneys and CPAs to implement it? Is this going to be a constant thing? Am I going to spend hours and hours of my life managing this thing?
-
🎧 #ListenNOW to the full episode of the podcast here 👉
-
🔥 Check out our Top Rated podcast Wealth Without Wall Street 👉 https://www.wealthwithoutwallstreet.com/podcast
Don't forget to subscribe to our YT channel by clicking the subscribe button so you can be notified each time we post new episodes weekly!
https://www.youtube.com/c/WealthWithoutWallStreet
-
Join our private community built for passive income seekers: https://www.wealthwithoutwallstreet.com/community
Take advantage of a Free Financial Strategy Call TODAY! https://www.wealthwithoutwallstreet.com/freecall
Discover Your Path to Financial Freedom:
https://www.wealthwithoutwallstreet.com/path
-
#WealthWithoutWallStreet #infinitebanking #FinancialFreedom #InfiniteBankingConcept #IBC #InfiniteBankingSystem #FinancialindependenceRetireEarly #FIRE #money #entrepreneurship #PersonalFinance #Financialindependence #PassiveIncome #business #investing #Investment #RoundTable #Podcast #Podcasting #PodcastShow #PodcastGuest #PassiveIncomeIsReal #PassiveIncomeStream #FinancialStrategy #FinancialEducation #FBreels #instagramreels #Shorts
-
LIVE
I_Came_With_Fire_Podcast
19 hours ago"Missouri v. Biden: Supreme Court Case on Censorship" w/MO Attorney General Andrew Bailey
303 watching -
LIVE
Michael Franzese
16 hours agoThe left has FAILED and DECEIVED black community | Sitdown with Quenton Jordan
2,013 watching -
LIVE
Tactical Advisor
53 minutes agoNew Gun Releases/Q&A - Vault Room Live Stream
1,134 watching -
15:04
Lloyd And Mandy
6 hours agoIs COLLEGE The World's BIGGEST SCAM?
13.3K16 -
10:50
ThinkStory
22 hours agoTHE PERFECT COUPLE Ending Explained & 10 Hidden Clues That Point to the Murderer!
24.8K1 -
11:37
Cooking with Gruel
17 hours agoGrilled Meatball Sliders
14.3K6 -
6:53
Dr. Nick Zyrowski
18 hours agoPotassium: The Critical Electrolyte You're Ignoring
20.8K3 -
14:58
DepressedGinger
16 hours ago*FULL* 2024 Election Swing State Updated Breakdown
15.9K8 -
11:16
Space Ice
21 hours agoSeagal's True Justice Dark Vengeance Is So Bad Even Disney Would Cancel It - Worst Movie Ever
18K13 -
6:11
Colion Noir
19 hours agoWow, Father Of Georgia School Shooter Charged With Involuntary Manslaughter & 2nd Degree Murder
21.7K57