Banks Failing? What Should I do Now?
Just recently, we witnessed a US bank's biggest failure as the tech industry's primary lender succumbed to a classic bank run. The collapse triggered market panic as bank customers frantically tried to recover their money. Within the same week, a few more major banks ran into trouble. With banks failing, people are asking, "Is my money safe?"
In today's episode, Russ and Joey talk about recent events and share their insights on the places where you can put your money instead of keeping it in the bank. They also discuss their Passive Income Report for February 2023, and the numbers look great.
If you're wondering what to do when banks fail, this episode is for you.
February 2023 Income At-A-Glance:
Gross Income for February: $132,273.45
Total Expenses for February:$71,088.88
Total Net Profit for February: $61,384.57
Difference b/t January & February: $23,317.12
% of net profit to overall gross revenue: 46%
Subscribe to Our YouTube Channel:
https://www.youtube.com/@WealthWithoutWallStreet
Check Out Our Monthly Passive Income Reports:
https://www.wealthwithoutwallstreet.com/passive-income
Free Financial Strategy Call:
https://www.wealthwithoutwallstreet.com/freecall
Turn Active Income Into Passive Income:
https://www.wealthwithoutwallstreet,com/PIOS
Take the Financial Freedom Analyzer:
https://wealthwithoutwallstreet.com/quiz
Learn How to Invest in Real Estate with The Land Geek:
https://www.thelandgeek.com/
Discover Your Path to Financial Freedom:
https://www.wealthwithoutwallstreet.com/passport
Short-Term Rentals in Birmingham:
https://wakeupinbirmingham.com/
Short-Term Rental Course:
https://www.wealthwithoutwallstreet.com/strcourse
Apply to Join the Passive Income Mastermind:
https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind
—--
09:04 - What's happening to banks? Why are they failing?
12:51 - How does all of these crisis impact insurance companies?
18:40 - What happens when the bank we use for our Line of Credit goes bankrupt? How long would that tie up my access to cash? What approach are we taking, and do we need to exit that approach?
28:58 - Why do they have to go to whoever the collateral assignment is against before they can get us, the owner of the insurance contract, access to more money?
33:18 - What happens going forward if we see a major financial crisis here and people are having trouble paying us back on these land loans? What would happen to us?
-
🎧 Listen Now to the full episode of the podcast here 👉
www.wealthwithoutwallstreet.com/podcast/banks-failing-what-should-i-do-now
-
🔥 Check out our Top Rated podcast Wealth Without Wall Street 👉 https://www.wealthwithoutwallstreet.com/podcast
Don't forget to subscribe to our YT channel by clicking the subscribe button so you can be notified each time we post new episodes weekly!
https://www.youtube.com/c/WealthWithoutWallStreet
-
Join our private community built for passive income seekers: https://www.wealthwithoutwallstreet.com/community
Take advantage of a Free Financial Strategy Call TODAY! https://www.wealthwithoutwallstreet.com/freecall
Discover Your Path to Financial Freedom:
https://www.wealthwithoutwallstreet.com/path
-
#WealthWithoutWallStreet #infinitebanking #FinancialFreedom #InfiniteBankingConcept #IBC #InfiniteBankingSystem #FinancialindependenceRetireEarly #FIRE #money #entrepreneurship #PersonalFinance #Financialindependence #PassiveIncome #business #investing #Investment #RoundTable #Podcast #Podcasting #PodcastShow #PodcastGuest #PassiveIncomeIsReal #PassiveIncomeStream #PassiveIncomeOperatingSystem #PIOS #FinancialStrategy #FinancialEducation #FBreels #instagramreels2023
-
LIVE
LumpyPotatoX2
4 hours agoWelcome to Off The Grid - #RumbleGaming
224 watching -
44:13
The Dan Bongino Show
5 hours agoHistoric Hurricane Milton Makes Landfall In Florida (Ep. 2347) - 10/10/2024
549K3.79K -
1:08:12
Steven Crowder
5 hours agoHow Feminist Politics Are Destroying America along with Hurricane Milton
248K629 -
1:01:42
The Rubin Report
3 hours agoAndrew Schulz Laughs Out Loud at Trump’s Blunt Response to This Question
83.9K68 -
2:00:45
Benny Johnson
3 hours ago🚨 Hurricane SLAMS My Hometown, Trump Helps Survivors | Joe BACKSTABS Kamala AGAIN, PRAISES DeSantis
84.3K124 -
1:15:19
The Shannon Joy Show
6 hours ago🔥🔥Exclusive With Dr. Peter McCullough: ‘The MAHA Movement’s Focus On FOOD Is A Dangerous Distraction’ From The REAL Cause Of Death & Disease, COVID Shots & CDC Recommended Vaccines!🔥🔥
13.3K11 -
1:57:54
LFA TV
16 hours agoFLIP NY & CHICAGO RED! | LIVE FROM AMERICA 10.10.24 11am EST
45.9K47 -
1:22:49
Graham Allen
6 hours agoTrump Is SURGING Forcing Kamala Out Of Hiding!! SHE IS COOKED!!! + FEMA Helping Rig The Election?!
83.5K133 -
2:41:49
Matt Kohrs
15 hours agoStocks Hit New Highs, CPI Inflation Report & Live Trading || The MK Show
55.7K2 -
1:03:03
2 MIKES LIVE
16 hours agoThe Mike Schwartz Show 10-10-2024
47K3