On this week’s episode of The Art of Passive Income, Mark and Scott talk about building financial freedom with privatized banking with Rachel Marshall and Bruce Wehner from The Money Advantage.
Bruce Wehner is a Financial Advisor and the Chief Cash Flow Strategist for The Money Advantage. He designs and communicates the individualized solutions that help the company’s clients increase their cash flow and financial control. He also oversees the client experience and serves as the lead advisor and director for The Money Advantage.
Bruce Co-Host The Money Advantage podcast with Rachell Marshall, who is the Co-Founder and Chief Financial Educator of The Money Advantage. She is known for making money simple, fun, and doable and helps her clients create time and money freedom with cash flow strategies, privatized banking, and alternative investments.
Bruce has been an entrepreneur in the wealth industry since 2007. Now, he serves as a resource for The Money Advantage since its inception in 2017. Rachel on the other hand has been a business owner since 2007. Since 2011, Rachel has, motivated to control her time and destiny, and is helping others do the same.
Listen in as they discuss:
- Rachel’s journey to wealth creation.
- Bruce’s journey in the wealth industry.
- Money management
- What does The Money Advantage do?
- Is insurance by itself an investment?
- What it takes to become a wealth creator.
- The benefits of using privatized banking.
- What happens to a contract if you cannot repay your loan?
- Who is privatized banking not for?
TIP OF THE WEEK
Mark: My tip of the week is learn more: figure out your cash flow, start building wealth, start learning about the miracle of compound interest, and how you can benefit from these. As long as you’re responsible, get on a call with Rachel & Bruce. Learn more, themoneyadvantage.com.
Scott: A lot of times you get this PDF document and you have to make some edits to it. If you don’t have a PDF editor on your computer, go to a little website called cloudconvert.com. Upload your file, you can edit to your heart’s content and download it.
Rachel: Go read the book The Richest Man in Babylon by George S. Clason. It’s super easy to read but I love that it is very foundational, financial principles and it starts with Set thy Purse to Fattening. It is the idea of paying yourself first and if you are building that foundational savings, have it. You’re really going to set yourself, head and shoulders above anything, any other strategy. It’s really focusing on what financial principle do I want in place in my life. After you have a principle then you can have a strategy to accomplish your goals, and then look at the tactics or the financial products. That is where the book can start laying out the foundational principles for you.
Bruce: My tip is, to consume everything you possibly can consume from Dan Sullivan Strategic Quotes because Dan’s whole mindset is about wanting to set your life up so that you’re in a business setting whether as an employee or as a business owner or investor. You want to set your whole life up where you’re taking your own abilities so you never need to retire. Because as Dan says, when you look at the word retire means take out of service, so you’re no longer useful. Strategic quotes from Dan Sullivan, I would consume as much stuff as you can, and for the entrepreneurs out there 10x Multiplier Mindset Podcast (10x Talk Podcast) with Joe Polish & Dan Sullivan is very valuable for people.
Want To Listen More?
Did you enjoy this episode? Check out another one of our exciting episodes with special guest Brian Bradley as they discuss how to protect your assets and investments.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?