Discover Why The Wealthy Pay Less In Taxes
“You don't have to go down this one track that everybody else is going down. Just because they're going down it, there are other opportunities around. And I think that influence has shown up throughout its time. And it's served us as a way to help people hear a message that they needed to hear and connect them to other people like yourself and specialists that we commonly refer to as our clients”.
Joey Mure and Russ Morgan are the founders of Wealth Without Wall Street is an online community that seeks to re-educate business owners & families on how money truly works. Their goal is to teach people how to enhance savings, increase cash flow and create passive income all without the help of Wall Street. The secret to doing this is having your money work for you, not someone else.
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Discover Why The Wealthy Pay Less In Taxes With Joey Mure & Russ Morgan
Brett:
Welcome to the Capital Gains Tax Solutions Podcast, where we believe the highest net worth individuals and those who help them struggle with clarifying their capital gains tax deferral options, not having a clear plan is the enemy. And using a proven tax referral strategy is the best way for you to grow your wealth. Hey, I'm your host, Brett Swarts, and in each episode, I'm joined by some of the best financial independence and passive income wealth advisors in the world where they share their ideas, deal stories, and inspiration. So together we can make complex tax, referral strategies simple and passive income plans achievable. Hey, so our guests are back. This is Joey and Russ with Wealth Without Wall Street. You may have heard it in the first episode. It was a shorter episode. And really what I so appreciate about Russ and Joey is they have hearts of teachers and guides, and they have an experience with an old way of doing things. And now they found a new and a better way. And they're out to change the world by sharing their wisdom and knowledge through these wealth strategies that most of the time, just the wealthy know. And so we're going to be chatting about why the wealthy pay less in taxes and why every entrepreneur or business owner should know these strategies. With that, please welcome Russ Morgan to the show and Joey Muré. Hey Russ and Joey. How are you doing?
Joey:
We're good.
Russ:
I would say, Brett, as we are talking today, I will correct you in your introduction that we actually are going from the old to the new back to the old. And most of the strategies that we use are actually the strategies that have been used for hundreds of years. It's just of the last probably 20 or 30 that people have come across these new what they would assume the traditional way, but we typically refer to it as the typical way, but it's really old and tried and true is what we've gone back to. And it's shocking that if they're still around, there's probably a reason and they're working well.
Brett:
I love that. And I love to dive back into it, right? So a new opportunity for the listeners, but it's an old tried and true strategy, which has been proven for hundreds of years. I love that. So we can dive back to that in a minute here. But Russ, would you give us a little bit about your background and your current focus and then Joey right after that, okay?
Russ:
Yeah. Well, outside of telling you everything my mom would be interested in, I'll just tell you that I made a lot of mistakes in the financial industry from 2004 to 2008. And that learning lesson has propelled me ever since. I started hanging around people who thought outside of the box. I mean, anybody familiar with The Matrix, I've been taking the blue pill for a long time. And then all of a sudden I took this red pill and it exploded. It opened up and expanded my mind to things that I never thought were possible. And it has created a really neat opportunity in our personal lives, but also as we watch and champion our clients who are leaving corporate jobs and are taken on entrepreneurial ventures and are seeing their family having a lot more flexibility and success because they're pursuing the one asset and the one investment that they can count on and that's himself. And we're big champions of that.
Brett:
Love that. And how about you, Joey?
Joey:
Yeah, so my background was in the mortgage business for 11 years. And if anybody has ever been in that sort of a role or any other where you're a hundred percent commission, building wealth is kind of difficult because you never know what you're going to make from month to month. And what I found is that I wasn't really satisfied with the 401Ks of the world and kind of putting money away, hoping that it grows, not investing things that I knew and understood, but just kind of assuming that that was the only thing to do. And so I met Russ in 2009 and started to implement some of the very same strategies that he's talking about, the old tried and true things that shockingly still work today. And started to see a dramatic shift in my thinking first and also in just the way that my family was able to benefit. And I said, "Man, this is something special. This is something that people need to know. And quite frankly, Russ, you're terrible at teaching them. So I need to get out there. No, I didn't say that. I did say I want to join you in this mission because more people need to know about it. And really, we just need to add one more person to the army. So started that in 2014 and we haven't looked back. We've expanded every year because there quite frankly are a lot of people searching for alternatives and they just don't know it exists. And that's what Wealth Without Wall Street's really about, is introducing and educating people to alternatives, which as Russ mentioned, really starts with you and how you think. And so, yeah, that's our main focus right now.
Brett:
I love that. And really, the hero in each of the clients and people we get to serve, right? And we mentioned a little bit about StoryBrand how we're both fans of that before the interview. And I can't help but think that it truly can empower the individual once they have this information, once they have this knowledge to live out their dreams, right? And have more time, more freedom, right, with their family, friends, whatever it might be, or to pursue a business opportunity that they've been wanting to do. But if they don't have these wealth strategies, then it's hard to do that. So we're going to dive into that in just a minute, but I believe that we're all given certain gifts in this life, Joey and Russ. And I'm curious, what was that one gift that you were given? Maybe you identified it when you were a kid or your parents did. What is that one gift that you were given and how does that help? How do you help people today?
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