Have you ever wondered what creating over $50,000 a month in passive income really takes? Russ and Joey pull back the curtain on their five-year wealth-building journey in this milestone episode. From their biggest wins to hard-learned lessons, this December 2024 passive income report is packed with insights, numbers, and strategies to achieve your financial goals.

Learn how understanding your investment style can align opportunities with your goals and risk tolerance. Hear the breakdown of land flipping, private loans, and surprising lessons from ventures like RV rentals and Bitcoin mining. You'll also discover why thinking like a bank is crucial for transforming assets into consistent cash flow.

Are you ready to start your passive income journey? Today is the best time to do it.

Top three things you will learn:

-Why knowing your Investor DNA matters

-Investments that worked (and didn’t)

-Mindset shift needed to achieve financial freedom

December 2024 Income At-A-Glance:

-Gross Income for December: $64,144.48

-Total Expenses for December: $13,519.12

-Total Net Profit for December: $50,625.35

-Difference b/t November & December: ($6,699.63)

-% of net profit to overall gross revenue: 79%

For Accredited Investors Who Want to Invest With Us:

-Email: info@wealthwithoutwallstreet.com (Reply: Accredited)

The Art of Passive Income Podcast by The Land Geek:

-https://www.youtube.com/playlist?list=PLgqpzGRlkzzF9aYUSs96e5GQmL6hRzg6T

Turn Active Income Into Passive Income:

-https://wealthwithoutwallstreet.com/pios

Free IBCA or Financial Freedom Discovery Calls:

-https://wealthwithoutwallstreet.com/freecall

Join the Inner Circle Live Waitlist:

-https://www.wealthwithoutwallstreet.com/live

IBC Webinar:

-https://wealthwithoutwallstreet.com/ibc

Wealth Without Wall Street New Book:

-https://wealthwithoutwallstreet.com/newbook

Access our Free Financial Scorecard:

-https://wealthwithoutwallstreet.com/scorecard

How to Start a Vending Machine Business, Cost, Tips, How Much You Make with Michael Hoffmann:

-https://www.youtube.com/watch?v=73Xwu2tHhwI

Build Passive Income with Vending Machines:

-https://wealthwithoutwallstreet.com/vending

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/

Join the Wealth Without Wall Street Community:

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What’s the easiest way to generate consistent passive income? Long-term rentals might just be the answer. In this episode, the financial coaches dive into turnkey long-term rentals and explore why they’re the simplest path to financial freedom. From market strategies to scaling efficiently, you’ll learn how to make informed investment decisions that align with your goals.

Whether you're a seasoned investor or a first-time buyer, this episode provides insights to help you confidently navigate the long-term rental space.

Top three things you will learn:

-The pros and cons of turnkey long-term rentals

-Creative financing options to enter the market with minimal upfront costs

-Scaling your portfolio with minimal risks and maximum returns

The Art of Passive Income Podcast:

-https://www.youtube.com/playlist?list=PLgqpzGRlkzzF9aYUSs96e5GQmL6hRzg6T

Turn Active Income Into Passive Income:

-https://wealthwithoutwallstreet.com/pios

Free IBCA or Financial Freedom Discovery Calls:

-https://wealthwithoutwallstreet.com/freecall

Wealth Without Wall Street New Book:

-https://wealthwithoutwallstreet.com/newbook

IBC Webinar:

-https://wealthwithoutwallstreet.com/ibc

Join Our Next Inner Circle Live Event:

-https://www.wealthwithoutwallstreet.com/live

-Promo Code: PODCAST

Find Out How Close You Are to Financial Freedom:

-https://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/wwws-passive-income-mastermind

Join Our Short-Term Rental (STR) Course:

-https://go.wealthwithoutwallstreet.com/strcourse

The Land Geek:

-https://thelandgeek.com/

How to Buy Online Businesses for Profit:

-https://wealthwithoutwallstreet.com/freedomnavigator

Create a Six-Figure Side Hustle in Peer-to-Peer Car-Sharing:

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What if your biggest financial loss could become your greatest teacher? In this episode, Russ and Joey sit down with Gavin J. Gallagher, who candidly shares the lessons he learned from losing $80 million during the global financial crisis. Gavin reveals how unchecked ego, cognitive bias, and market volatility led to his downfall and explains the mindset shifts and strategies that helped him rebuild.

Through this riveting discussion, you’ll discover the dangers of over-leveraging, the importance of due diligence, and why humility is crucial in navigating investments. Gavin’s journey is a powerful reminder that even in failure, there’s a pathway to success for those willing to learn and adapt.

If you want to avoid costly investment mistakes, tune in for lessons you can’t afford to miss!

Top three things you will learn:

-The dangers of over-leveraging and cognitive bias in investing

-How to rebuild after financial loss

-Why humility and due diligence are critical to sustainable success

About Our Guest:

Gavin J. Gallagher is a property investor-developer and entrepreneur with an international track record and career spanning 25 years. He has bought, sold, built, and managed properties all the way from Midtown Manhattan to Downtown Dubai.

Gavin is also the Director of Earlsfort Group and has been actively involved in the development of commercial real estate and corporate workplace solutions for more than two decades.

Connect with Gavin J. Gallagher:

-Podcast - https://wealthwithoutwallstreet.com/behindthefacade

-Website - https://gavinjgallagher.com/

Free IBCA or Financial Freedom Discovery Calls:

-https://wealthwithoutwallstreet.com/freecall

Turn Active Income Into Passive Income:

-https://wealthwithoutwallstreet.com/pios

Wealth Without Wall Street New Book:

-https://wealthwithoutwallstreet.com/newbook

Join Our Next Inner Circle Live Event:

-https://www.wealthwithoutwallstreet.com/live

-Promo Code: PODCAST

IBC Webinar:

-https://wealthwithoutwallstreet.com/ibc

Apply to Join the Passive Income Mastermind:

-https://wealthwithoutwallstreet.com/wwws-passive-income-mastermind

Join the Community:

-https://wealthwithoutwallstreet.com/community

Take the Financial Freedom Analyzer:

-https://wealthwithoutwallstreet.com/quiz

Discover Your Path to Financial Freedom:

-