#106: Do you know your Investor DNA?
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Welcome back to another episode of the richer geek podcast. I'm happy to have this week I have Joey Mure and Russ Morgan. They are founding partners of “Wealth without Wall Street”.
Russ Morgan, is known as “The Idea Guy.” Russ began his professional career as an investment advisor in 2004 after graduating from Auburn University — a slight foray from 10-year-old Russ’ dream of becoming a professional baseball pitcher. Russ started IBC in 2009, and eventually went on to found Wealth Without Wall Street in 2015. Russ' mother was an enormous inspiration for him growing up.
Joey Mure, Founder, and Partner at Wealth Without Wall Street bring impact, integrity, and generosity to the company every day. He hopes to be remembered as a lover of Jesus, devoted husband, and faithful father. Despite dreaming, around age 10, of becoming an orthopedic surgeon, Joey was in the mortgage business for 11 years before moving to finance in 2014.
In this episode, we’re discussing…
[2:04] Their background and how they went from zero to 60K in passive income
[4:45] Different types of classes where they got passive income and pros and cons
[10:31] You have to know who you are as an investor mind
[14:40] The importance of not doing on your own, reading from others, and listening to podcasts
[17:41] Get a mentor, and find your own abilities
[21:48] Building generational wealth, through something that we love
[25:39] The passive income roundtable
[29:34] The passive income mastermind
[30:59] Free access to the passport challenge on this website and take action on any different course
[31:30] Be part of 5000 other people who are focused on building financial freedom
Joey’s Top Tip´s
“It was slowly taking me away from what I was working so hard for and met Russ. And we started to implement certain things financially after reading a very foundational book. And it made such a huge impact for me, that I said, after four years of doing it, I was like, more people need to know this. And so that's when he and I joined up and formed wealth without Wall Street in 2016”
“We have learned a ton from other people by doing a podcast and listening to others, and then implementing those passive income ideas personally, and we report on every single month now to anybody that wants to listen to the good, the bad, the ugly on our podcast, you can hear that we've just surpassed 67,000 per month in passive income in all these different ways”
“I'm going to say it in three steps is the GPS, right? The goal, the plan, and then the support. And for us, the goal is just getting clear on what financial freedom really means”
“We got really clear that passive income must be greater than our monthly expenses. And we started then applying, what kind of investor? Are we? And after I got that goal, and that real crystal-clear vision, going into the planning side of things, and figuring out what kind of investor we are, before we ever applied, the types of investments that we employed”
“It's a full-on competitive sport, you have to get in the game like you have to personally look at who you are, who God has made you be like your strengths, your weaknesses, like do you need to partner with somebody in certain areas where you're weak and our assessment tool, the investor DNA it opens your eyes to that, and it helps you to apply who you are, to what sort of path you should then be going on. And it's pretty amazing”
Russ Top Tip’s
“In our GPS model, the P the path, the path, the plan is knowing who we are as an investor. And I think so often times we get so hooked into the lure of radar returns from investments, that we think that's what we should chase. And it starts in the mutual fund world where we start a 401k. which is a terrible idea, by the way, but that's what we do. Because we are not trained, we don't understand what to do”
“You have to know who you are as an investor mind. And too, oftentimes, when we decide to make an investment, we don't understand how to impact the result of it. And because of that, when the result isn't what we wanted, and it comes back differently, we're left disappointed. We help everyone who comes through this process, understand is who they are as an investor, and then try to align them toward things that they could influence the outcome of, that they could be in more control of because really, that's what we want more control”
“And we believe that surrounding yourself, you know, what is it Jim Rohn said that you're the sum of the five people you spend the most time with? Well, maybe you don't get to spend time with people that you would like to so maybe it’s your own podcast, maybe it's reading books, maybe it's in masterminds or communities that will help you get there. And we believe that support piece is so vital, and the ability to have coaching and influence from people who have done it before is super helpful”
Our vision, at least for our company is within three years, every employee comes to work only because they want to. And that means they have to be financially free. And that means they have to be working in the area of their unique ability that you just pointed out. And that is very different. That's strange in the workplace, right? because so few people are truly working because they really want to if they got down to the brass tacks of it, so I think if you can help people understand that passive income gives me the freedom to continue to work in a way that I love”
“We refer to it as our passive income mastermind, our 200% Club, where our goal is to do one thing, which is to build 200% of the monthly expense need and passive income. And we do that in three different ways. One through exposing people to new opportunities that can increase passive income. The second is to reduce their tax burden, because the thing is, is that part of our expenses, our largest part typically is our taxes, especially the higher-income earners that we are”
“And then the third thing is helping them build infrastructure and infrastructure may be just entity structure. And it may be estate planning, or it may be through the use of different cash management tools. One of the ones that we most commonly use is something called Infinite Banking, and just the structuring of those contracts and the lines of credit that go with them that help us finance all the deals”
Resources from Joey and Russ
+ Read the transcript
Mike Stohler
What if you could be doing something smarter with your money that creates income. Now, if you're wanting to get ahead financially, and enjoy greater freedom of choice, if you want a comfortable retirement, and you know you'll have more choices, if you can do more with your money. Now, if you've wondered who else is creating ways to make their money work for them, and you want actionable ideas, with honest pros and cons, and no fluff. Welcome to the richer geek podcast. We're here helping people find creative ways to build wealth and financial freedom. I'm Mike Stohler, and in this podcast, you'll hear from others who are already doing these things, and learn how you can too.
Alright, everybody, welcome back to another episode of the Richer geek Podcast. I'm happy to have this week I have Joey Moorea and Russ Morgan. They are founding partners of Wealth without Wall Street. Now Right Russ is known as I guess you're the idea guy, Russ, how're you doing?
Russ Morgan
Good. Good, Mike. Thanks for having us on the show.
Mike Stohler
And Joey, you're also a founder, you thought about becoming a surgeon decided to go into the mortgage business as probably you probably make a lot more money now. Than then that how're you doing?
Joey Mure
I'm good. I just couldn't get used to the rubber gloves. Be honest with you. And actually, what really deterred me was when somebody told me yeah, you have to go to school for like, 16 years or something. And I was like, Yeah, I got to be another another option. Mortgage, mortgage. And then now what we do, I really didn't even need a degree. So it's all good.
Mike Stohler
Very cool. Yeah. You know, what, that's a that's a great thing about I think real estate is it doesn't care who you are, what ratio or what sex you are, what degree you have. It's an equal opportunity. You know, I guess, you know, career. Yeah. Now, what we're going to talk about today is, you know, several factors, everybody, you know, and several topics. And one of them is, you know, I want to get into a little bit of your guys's history, and how you guys actually went from it. This is very interesting. You went from zero to 60k in passive income. And I think it was in several different type of asset base, you guys want to share that a little bit with us?
Joey Mure
Yeah, so in the previous episode, we were on here, I think we gave a good bit of our background, and so not to bore you with those details. But ultimately, I was that guy, I was in a career job in the mortgage field, and started to realize that my time was getting sucked away from me, the higher my income went, and to the point where my, my, my wife, and my kids always were like, you're not present, you know, like, I would be on vacation with them. The rare occurrence that would be and I'd have my phone literally attached to my hip. And so I'd be like, hey, I'll see you guys just head down to the beach. I'll be down there shortly.
And then I just had to take this one call, I just have to take this one call. And I don't know if you can relate. But it was slowly taking me away from what I was working so hard for, and met Russ. And we started to implement certain things financially after reading a very foundational book. And it made such a huge impact for me, that I said, after four years of doing it, I was like, more people need to know this. And so that's when he and I joined up and formed wealth without Wall Street in 2016. And just over these last five years, we have learned a ton from other people by doing a podcast and listening to others, and then implementing those passive income ideas personally, and we report on those every single month now to to anybody that wants to listen to the good, the bad, the ugly on our podcast, you can hear that we've just surpassed 67,000 per month in passive income in all these different ways.
Mike Stohler
I mean, that's fantastic. It's and to do it on your own time, on your own schedule. And you know, it's something that's very important. I think it's one of the things for us that are in Real Estate, or doing our own thing? You know, the money is great. But, you know, one of my mantras is I want to build a life that I don't need to take a vacation from. Right? Yes. Okay. And, you know, you kind of hit that with us, you know, in our listeners in our first one. And by the way, everyone, if you want to listen to the first episode is episode 29. And go if reefa miliar, eyes yourself with these two, and listen to that, and then listen to this to see how much they've grown in those two years. Now, some of the things that you're you've been doing in getting to that over 60,000, it's not just real estate, it's, it's, it seems like almost, if I want to buy something, or I want something, it's how can I monetize? How can I actually get some money out of it? You know, you mentioned even like, like, an RV that you you recently purchased. So tell us about some of the different classes? And why you kind of chose them? Kind of the pros and cons of them?
Joey Mure
Well, I'll start off with not to like, Sidestep your question, because I definitely don't want to do that. But I think the critical thing that we have learned and now have implemented for all of the people that come through our process is that there's a very specific process we must go through. And, and we're not smart enough to come up with this stuff on our own, we just bump our heads along the way, and then realize, oh, it probably be easier if we would have done it this way. But getting clear, I'm gonna say it in three steps is the GPS, right? The goal, the plan, and then the support. And for us, the goal is just getting clear on what financial freedom really means. If you'd asked me 10 years ago, or really more like 12 years ago, what financial freedom was, I probably would have associated it with like a high income. You know, then when I actually got that high income that was actually more than I thought I would have ever had, I realized that there are strings attached. Whenever I you work for somewhere else, you start getting a much higher income, they want more of your time, it requires more responsibility like you. I mean, I'm speaking to the choir here. But I realized that financial freedom had to be something different because I looked up and looked around, you know, life wasn't what I had wanted it to look like.
And so I started realizing I have to buy some of my time back by having passive income. And when I do that, what does that look like, I want to be spending time with my kids. I want to be educating them. i My kids are homeschooled now. And so I spend time with them as their math tutor, I helped my my six year old read, like learn to read. We go on, you know, we went on a 22 day RV trip, as a family just to do you know, geography and history. And like all these things were educator kit. So in my mind, it's how little every week can I work to still support the lifestyle that we need. And once I got really clear on that, and I'll say this, I'm gonna give you one quick story. My, my fourth daughter, I have five by the way, Mike, my fourth daughter, she one time I was taking her to school, this is years ago. And she was taking a tour a little, you know, preschool. She she told me, she said that. You can pick me up from school today. And I was like, no baby. And I was thinking myself, you know better than that. Like, I very rarely even get to drop you off at school, let alone pick you up. And she said, why you're not gonna pick me up? I said, your mom's gonna pick you up. She said, why are you not gonna pick me up? I said, well, because I have to go to work. And she said, Why do you have to go to work? I was like, well, because I got to pay for this car.
I got to pay for the house, like your food, you know, all these things. I mean, it's like, This is dumb. Why are you asking me? She's like, we already have a car. We already have a house. And I'm just, you know, it's a simple little conversation. But what it was for me was an anchor in my life. That was I had to tell my daughter, I have to go to work. And just that one word is what drove me and Russ I came to rest at that point. I was like, Look, something's got to change. I'm not going to be in that position. Again, I'm going to take control and we're going to create passive income at a high rate to where I never have to say that to her. And, and so anyways, once We did that, we got really clear that passive income must be greater than our monthly expenses. And we started then applying, what kind of investor? Are we? And so Russ, I don't know if you want to speak to the plan portion of this, but like, after I got that goal, and that real crystal clear vision, going into the plan side of things, and figuring out what kind of investor we are, before we ever applied, the types of investments that we employed.
Russ Morgan
I think we all can resonate that if you're a dad, a mom, we've all been, at a time at some point in our lives for our kids have challenged us as to why do we have to go somewhere? Why can't we be there with them? Why can't we spend more time with them? Where can we do the things that they want us to do with them? And to be honest, that story is so compelling to us, because we won't that so badly, but the world tells us? Well, success, as Joe has already mentioned, is in a higher income. And many of us have risen to making so much money. I mean, we spend money today that we we just aspired at some point in life to be able to make, right and but yet, the more we spend, the more we need to make, the more we spend more money anyway. And all of that does is just pull us further and further from, from what we want. And the attraction to passive income is that it doesn't require necessarily our involvement. And that's, that's super interesting, right? Like, our goal is to figure out how to get more of our time back how to stop trading time, I'm literally teaching my my nine year old my 11 year old, my 14 year old, my 16 year old when they they're asking me for money, they're asking me, well, what can I do? I'm trying to show them that work for money is not the solution.
Because at some level, you're going to run out of the ability to create time, right? And then the wage in which you get to do it, there's many jobs to do and I would not do, it doesn't matter how much money you pay us for. Right? Thankfully, we get to a point where we we have enough passive income and and that's the part in the second step there that Joby was alluded to, in our GPS model, the the P the path, the path, the plan is knowing who we are as an investor. And I think so often times we get so hooked into the lure of radar returns from investments, that we think that that's what we should chase. And it starts in the mutual fund world where we start a 401k. And we're asked to pick from a list of mutual funds that we don't know anything about, nobody around us know anything about. So what do we do, we just look and see who had a highest return over the 135 10 year average. And we picked that one, which is a terrible idea, by the way, but that's what we do. Because we are not trained, we don't understand what to do.
And I think that sometimes people look at our passive income report and they say, Man, you guys are killing it in the short term rental space. I mean, you're you're doing all this amazing stuff over here in the Land flipping space, that's what I should do. But that's not the case, because you have to know who you are as an investor mind. And too, oftentimes, when we decide to make an investment, we don't understand how to impact the result of it. And because of that, when the result isn't what we wanted, and it comes back differently, we're left disappointed. So one of the things that we help everyone who comes through this process, understand is who they are as an investor, and then try to align them toward things that they could influence the outcome of, that they could be in more control of, because really, that's what we want want more control.
And that leads us into the third step, which is supporting that that position, being in a position where you're around other people who are growing at a level equal to or higher than you are, I mean, the only reason you should be listening to the richer geek is because you want to be where my kiss, right? You want to be where some of his guests are. Because if they're if the person you're listened to is not in a better position than you are, then how are you going to get further right? And we believe that surrounding yourself, you know, what is it Jim Rohn said that you're the sum of the five people you spend the most time with? Well, maybe you don't get to spend time with people that you would like to so maybe its own podcast, maybe it's reading books, maybe it's in masterminds or communities that will help you get there. And we believe that support piece is so vital, and the ability to have coaching and influence from people who have done it before you is super helpful.
Mike Stohler
Yeah, oh, my gosh, I missed some absolutely fantastic tips. You know, and that's when I got started. I didn't do that and I failed miserably. Right. You know, that's because I didn't surround myself. But, you know, a lot of us got started in the pre Google days, which I yeah, what I call PG And, you know, I couldn't Google, we didn't have masterminds and things like that. But now there's really no excuses there. Right. And you have website sites like wealth without Wall Street, you have all this opportunity now, that, really, if you don't do that, what you're just saying, then stick to your nine to five job, right? Because either don't want it hard enough, bad enough. You know, to really make it successful because or because if you do it on your own, if you have that ego and you do it on your own, then, you know, I always say, you can spend the same amount of money and fail, or you can spend the same amount of money with knowledge. And hopefully succeed, right?
Joey Mure
Yeah. And I would say, though, the thing is, is hopefully, this is just bringing attention to a problem that we don't even realize that we have. Because while I mean, we are our company, and our show is wealth without Wall Street, well, we don't want to demonize Wall Street, they've done a really good job of telling us that we really don't have to think, right, we just look at it, like what Russ was saying, we just look at the ROI on something and put money in it. And we just go along our regular day job and move on. And we just hope for the best. Whereas what we're talking about is a is a completely different thing.
It's a full on competitive sport, you have to get in the game, like you have to personally look at who you are, who God has made you to be like your strengths, your weaknesses, like do you need to partner with somebody in certain areas where you're weak and our assessment tool, the investor DNA that Russ is alluding to, or talking about, it opens your eyes to that, and it helps you to apply who you are, to what sort of path you should then be going on. And it's pretty amazing. Once you start doing that, how empowering that is, and how much confidence the people that are in our inner circle. They're sharing with us on a weekly basis, how they've gone from like this position of like, confusion, or uncertainty to man, I'm going to be financially free in three years. And before I engage with this, I had no idea like, literally just kind of going through the motions.
Mike Stohler
It's sounds like you're teaching someone their unique ability, right? Yes. And for me, yeah, I had to learn through mentors, like you, the two of you. I'm horrible at certain things. But because I was I had the ego and I didn't want to spend them when they didn't want to hire or partner with someone that was better than those things than me. And then it wasn't until I got out of my own way that I decided, like, wow, I am really good at this. And that's how we can succeed. Is that kind of like what you guys are getting at and what you guys teach?
Russ Morgan
Yeah, I think you're I mean, it's ultimately equipping people, right? I mean, that's, you said a second ago that people have to want it. And we we reiterate that point, all the time that our objective is to help people who want to be financially free, get there faster, with an emphasis on want. But you want to write I mean, it is not a nice thing. And be honest. I mean, you know, the, the the person listening to your show, if they're making really good money, like things are great. Life seems good. Sometimes it's like, well, I don't want to trade this in. And that's fine. Like, we're not here to beat you up. That's good. That's awesome. Like if you can find something cool to put your money into that, that that you get to go back and continue your job. That's awesome. Like, that's amazing. But then the the opposite side of that, and many of us have read, you know, Michael Gerber's book the E Myth, for instance. And he talked about many examples, but one that prominent sticks out my mind is the baker right, who, who started the bakery because she loved it.
She loved growing up cooking. And then all of a sudden, she got to a point where the business became the front end, and the love of cooking got pushed to the back and she began to hate it and I recognize that because my wife was a dentist she loved the idea of helping people she loved dentistry is shocking and gross as that is, by the way. He loved it until we started a dental practice a number of years after she was out of dental school. And all of the same things happen to the baker happened to her and she started to hate, she started to hate it, resent it even. And so one of the things that Joey, and I say is that today, you may love your job may be empowered by what you're doing for a living and good for you, man, that's awesome. Because we need to bring love and joy and productivity to the world, we're called to be producers not to be sitting on couches.
And but the thing is, I think that when we go to some point in time, a lot of people, maybe not you, but a lot of people get to a point where they end up going to work just trading time for the money, because the money is what provides the things that they have now come accustomed to having, and they start to resent then going to work. And I don't think that they're nearly as productive, I don't think they're nearly as happy. So our vision, at least for our company is within three years, every employee comes to work only because they want to. And that means they have to be financially free. And that means they have to be working in the area of their unique ability that you just pointed out. And and that is very different. That's strange in the workplace, right? because so few people are truly working because they really want to if they got down to the brass tacks of it, so I think if you can help people understand that, then I say, Okay, well, passive income then gives me the freedom to continue to work in a way that I love. I mean, how many people volunteer because they hate it? No, they love it. So they volunteer and they work for free? Yeah, I mean, if we get to go to work, and they pay us, because we love it, that's even icing on the cake.
Mike Stohler
Yeah, you know, it's, it's fantastic. Here's the thing, you may love your job. But everyone says, okay, when can I retire? What's the date that I can retire? And then you have to say, well, do I have enough money, you know, in all these, these circumstances. But if you have that passive income that we're all talking about, we don't ever have to retire. As matter of fact, we can actually pass down our jobs, our assets. And that's something you can't do when you're working in tech, or you're working in some words, you retire. But now we're building generational wealth, through something that we love, can you touch on that a little bit?
Joey Mure
Yeah, what you're, what you're talking about is a legacy. And it's not only a legacy of the actual asset, and the actual, you know, income producing thing that you're talking about. It's also what I'm focusing on with my daughter's even now. And what Russ and I talked about quite frequently on the show, is the education, that in the mindset and the knowledge of how to break free of the rat race, for our daughters, like, it would be my intention that my daughters never have to go get a job because they have the knowledge to create a passive income stream that would far exceed their expenses. And they can pursue the things that they're passionate about. Like, for instance, my oldest is 15. And she's an artist, she loves art, and she's super talented. But I don't want her to have to rely on her art, becoming a chore just to pay the bills. I want it to be in I get to do art, because I have this other income stream. She's actually learning how to flip land right now.
And it's just super exciting, because had I known that kind of stuff. I mean, when I was her age, it's just an amazing gift that I feel like we can give to our children and then make a tremendous impact on the future.
Russ Morgan
It allowed passive income allows you to pursue passion. And that's a really interesting thing. And I'm gonna go back to something you said about retirement, what age do I get to retire? And that is one of the lies that exists out there that there is some age requirement to quote unquote, retirement. Now, by the way, I don't believe in retirement because I think it's a modern age word that just was created in the last 100 years didn't exist before that. And and now it's a way to, I think industrialized people to go into the workforce and then ultimately for Wall Street to say, hey, just keep giving us the money. And at some point, we'll give you back an f5 it so you can live because the reality is is that you don't need a number the number is how much monthly expenses do you have like right now we can solve the problem.
You factor in exactly how much money you spend every Every single month, all you need to do is have more money coming in each month greater than that. That's it. That's number. And it's not millions of dollars in a bank account or 401k balance or whatever that that's garbage you got to get that out of your mind is how do I get dollars at work there produce more than I spend. And as soon as I'm there, I'm financially free. And I might be able to do it this year, I might, you know, have to get active and do it over the next two to three years. But none of that equals retirement, then that equals opportunity that equals the abilities. As we said a second ago, how do I go then pursue that passion that I want to? And if I get paid to do it amazing.
Mike Stohler
Right? Now, you know, let's talk about you know, we need to wrap things up here. The passive income roundtable very quickly, what's that about?
Russ Morgan
So we, we started a group, my that that was specifically for people who feel like, Man, my peers that I'm around not necessarily pursuing the same thing I'm interested in, and the, the market around me doesn't give me an opportunity to find avenues to truly produce passive income that are unique to my income level. And we've got a group of entrepreneurs, 789 figure entrepreneurs who are looking for ways to not only compress time, who are looking for ways to improve their lifestyle, be lifestyle funding, and it was set up with this goal in mind that we would grow our passive incomes, to not equal our expenses, but to double our expenses. So we kind of refer to it as a 200% club. And the the objective is there, as everybody in this group is pushing each other to a level way past, what they believed was possible. And that's just because they're now surrounded by people that for the most part are way above their race. I mean, we, we were at an event, we had our group get together in Nashville, back at the end of September, and we had a guy who sold his business.
Mike Stohler
Alright, Russ, you were talking about the the 200%. Club. If you want to talk to us a little bit about that.
Russ Morgan
Yeah, well, several years back, we kind of got asked quite frequently, how in the world did you guys build your passive income to be passive, your monthly expenses? And every time I hear you guys on the podcast, you're still adding more streams? What's the thought process? What was the theory? So really, we had this mindset of we could build 200% of our monthly expenses and passive income. If we were just half right, we'd be okay. Right? The idea that, you know, we never know which stream may end, right, because we don't have a crystal ball, we don't know perfectly what will happen. I'm sure the guy though blockbuster never anticipated being bankrupt, and out of business, and we don't know the things that we're doing what will work. And so we built a mastermind, we refer to it as our passive income mastermind, our 200% Club, where we our goal is to do one thing, which is to build 200% of the monthly expense need and passive income. And we do that in three different ways. One through exposing people to new opportunities that can increase passive income.
The second is to reduce their tax burden, because the thing is, is that part of our expenses, our largest part typically is our taxes, especially the higher income earners that we are. So we have on a regular basis tax strategist and tax attorneys that come in and show creative ways legal ways that they can actually reduce their tax burden, which is an amazing thing. And then the third thing is helping them build infrastructure and infrastructure may be just entity structure. And it may be estate planning, or it may be through the use of different cash management tools. One of the ones that we most commonly use is something called Infinite Banking, and just the structuring of those contracts and the lines of credit that go with them that help us finance all the deals. So our our monthly meetings happen there. 9090 minutes, we have an application for those who are interested in applying and being a part of this group. I'll give you the link. It's a long one. So I won't say it here. If you want to share it with your audience in the show notes or something glad to have them apply and learn more about it.
Mike Stohler
Perfect. Joe, you have anything to add to that?
Joey Mure
Well, I just think the key to our passive income mastermind is that there's tons of masterminds out there that help you with your active income. Right. There's ways to increase your business to become a better owner or operator of a business or leader. There's tons of things like that. The thing that sets us apart is this helps you to take that active income that you You're so good at creating and start investing to create secondary passive income streams. Many of these things are even, you know, where you're not having to do any sort of a side hustle to get started. And, and you're surrounding yourself with the people who have that same goal. So chances are, you're going to start seeing action turning into results in that area. So, man, if your most important thing is I want more time because my active income is, is very high, but it's second way my time this is for you. Or if it's somebody that says, You know what, I want to build some secondary or tertiary, passive income streams, because I don't know if my current business will always be here. This just builds additional financial security, both of those people are really going to thrive in this kind of a mastermind.
Mike Stohler
Perfect. Russ, Joey, how can people find you?
Ross Morgan
And I would send them to our website, what's what wall street.com forward slash passport. And I throw the passport link in there. Because if you go through that, and I actually give you free access and to the community that Joey and I've spent so much time and effort building inside of that community, not only can you get access to the passport challenge, which is the thing, that first step we talked about in our process to get a crystal clear goal. And from there, you can take action on any different course or group that we have. You're surrounded by 5000 other people who are focused on building financial freedom, and I just would encourage you to be a part of that. And while you're in their DM, either Joey and I and let him let us know that we heard that you heard us here on this podcast, and we'd love to connect.
Mike Stohler
Perfect for us, Joey, I thank you so much for coming on. Have a great night.
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ABOUT JOEY MURE AND RUSS MORGAN
Wealth Without Wall Street’s Founder and Partner, Russ Morgan, is known as “The Idea Guy.” Russ began his professional career as an investment advisor in 2004 after graduating from Auburn University — a slight foray from 10-year-old Russ’ dream of becoming a professional baseball pitcher. Russ started IBC in 2009, and eventually went on to found Wealth Without Wall Street in 2015. Russ' mother was an enormous inspiration for him growing up. As a single mother with two young children, she took a rigorous, accelerated track through college while working multiple jobs, all with the goal of bettering her children’s lives. When he’s not working, you can wave to Russ on a boat at the lake pulling his kids around on a tube. And on Sunday mornings, he’s probably rushing to church with his family … only 10 minutes late.
Joey Mure, Founder and Partner at Wealth Without Wall Street, brings impact, integrity, and generosity to the company every day. He hopes to be remembered as a lover of Jesus, devoted husband, and faithful father. Despite dreaming, around age 10, of becoming an orthopedic surgeon, Joey was in the mortgage business for 11 years before moving to finance in 2014. His personal mentor, Nelson Nash — another man of integrity and impact — is someone Joey deeply admires. Joey’s strengths in building relationships, asking great questions, and influencing and empowering people with the Wealth Without Wall Street message make him invaluable to the company’s mission. He is relational, impactful, and a true leader. His colleagues would add that he’s thoughtful, funny, and a family man. Many people don’t know that Joey ate a 72-ounce steak dinner once. If he could be anywhere other than work, you’d find him at the beach with his family. And every Sunday morning, they’re worshipping the Lord. A lifetime goal of Joey’s is to impact the world for Christ; and a more near-term goal is to purchase a beach house for my family. Aside from Wealth Without Wall Street, Joey listens to Sharran Srivatsaa’s Business School podcast and Donald Miller’s Building A StoryBrand podcast.