S6E29 – Joey Mure

About Joey:

Joey Mure, co-founder of Wealth Without Wall Street, challenges the conventional wisdom of relying on Wall Street and traditional retirement plans like 401(k)s and IRAs.  

He argues that these systems often benefit the institutions more than the individual investor, emphasizing that Wall Street makes money from your money today, and you get the left overs later.

Focus on Cash Flow:

Mure stresses the importance of generating passive income that exceeds monthly expenses, rather than solely focusing on accumulating wealth.  

He believes that financial freedom comes from cash flow, allowing individuals to live life on their own terms.

Taking Control of Finances:

Mure empowers listeners to take ownership of their financial futures, advocating for self-education and informed decision-making.  

He encourages listeners to understand their spending habits and calculate the amount of passive income needed to achieve financial independence.

Investor DNA and Personalized Investment:

Mure introduces the concept of an “investor DNA profile,” which helps individuals identify their investment style and align their investments with their personality.  

He emphasizes that there’s no one-size-fits-all approach to investing, and it’s essential to choose strategies that resonate with one’s individual preferences and risk tolerance.

Real Estate and Turnkey Properties:

The conversation touches on real estate investment, particularly turnkey properties, as a means of generating passive income.

Turnkey properties are explained, and that they can be a great way for people to invest in real estate, without having to do the physical labor.

The podcast gives real life examples of women who are successful investors.

Mindset and Empowerment:

The episode emphasizes the importance of a positive mindset and self-belief in achieving financial success.

Christine and Joey highlight that many women possess the analytical skills and discipline necessary to excel in real estate and other investment ventures.

The podcast encourages listeners to not be afraid to invest, and that mistakes are part of the learning process.

Forget waiting for the “perfect time” or the “perfect market.” Tara’s mantra? Imperfect action beats no action, every single time. She’s a firm believer that you learn by doing, not just by reading. And those “failures” everyone fears? They’re just turbo-charged learning experiences, the kind that propel you forward faster than any textbook.