The Wealth Without Wall Street Podcast

What could be more terrifying than facing enemies on the battlefield or disarming a bomb? For military men, leaving the service can be more unnerving than combat because it means losing their identity and purpose. How can veterans overcome the fear of the unknown and build new paths to success after service?

In this powerful episode, Jonathan Bates joins Russ and Joey to share his experience transitioning from the military and the challenges that came with leaving behind a structured environment. After 26 years of service and leaving the only life he knew, Jonathan discovered the importance of mentorship, business ownership, and defining his family’s vision. 

Jonathan discusses how his nonprofit, Patriot Growth Capital, is addressing the three major problems veterans face post-service. Through this organization, Jonathan empowers veterans and their families to step into business ownership, offering mentorship, financial backing, and a comprehensive training program. His approach bridges the gap between military service and civilian success, creating a pathway for veterans to grow and thrive.

Top three things you will learn: 

-Understanding the mental challenges of transitioning from military service to civilian life

-Building new skills and redefining your identity outside of the military

-How to thrive in the civilian world

About Our Guest:

Jonathan Bates, Lt. EOD, USN (Ret.), is a principal at Patriot Growth Capital. This company focuses on supporting veterans’ families by helping individuals become the best version of themselves while teaching them to own and operate businesses.

Jonathan transitioned from a 26-year naval career as an explosive ordnance disposal technician to consulting to empower today’s youth and leaders. With over 16 years of experience in business coaching, private equity, and mergers and acquisitions, he has fostered organizational cultures rooted in the philosophy, “We think about you, so you can think about others.”

Looking ahead, Jonathan has ambitions to complete 50 acquisitions annually and generate $1 billion in revenue to support American veteran families.

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

Connect with Jonathan Bates:

You've probably heard that Indexed Universal Life (IUL) is an excellent tool for building wealth, but is it really the best option for Infinite Banking? In this episode, the financial coaches dive into why Indexed Universal Life (IUL) may not be the best tool for your financial freedom, despite what your financial advisor might have told you. 

The coaches explore the complexities of IULs and why they can be riskier than whole life insurance, especially for those looking to build wealth predictably. They also break down the history of these products, how they differ from whole life insurance, and why they might not align with the principles of Infinite Banking. 

If you’re looking to secure your financial future and avoid costly mistakes, listen in to discover safer, more predictable strategies that can help you achieve true financial freedom.

Top three things you will learn:

-Why IUL (Indexed Universal Life) is not a good fit for IBC

-The hidden costs and fees associated with IUL policies

-More effective strategies for leveraging whole life insurance for wealth creation and financial freedom 

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

We all want to achieve financial freedom, but there's no single path to getting there. What is the right way to go?

In this episode, Russ and Joey have a heated debate about the best way to create passive income and achieve financial freedom. Though the duo has reached $50,000 per month in passive income, they completely disagree on how to do it. Russ advocates for investing in deals with long-term equity returns that may take years to pay off, while Joey emphasizes the importance of consistent monthly cash flow to cover expenses now. 

They also break down their passive income report for October 2025, sharing details of their investments that contribute to their impressive monthly cash flow. 

Tune in to better understand the key differences between cash flow-focused investments and long-term growth strategies. 

Top three things you will learn: 

-How different investor mindsets shape wealth-building strategies

-Which investments actually produce predictable results

-The possibility of earning both a monthly cash flow and long-term equity

October 2025 Income At-A-Glance: 

-Gross Income for October: $64,050.56

-Total Expenses for October: $13,535.31

-Total Net Profit for October: $50,515.25

-Difference b/t September & October: $6,431.25

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

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

Are you curious about how banks make lots of money? In this episode, the financial coaches dive into one of the lesser-known financial strategies that banks use to build wealth: Bank-Owned Life Insurance (BOLI). 

While BOLI is typically utilized by financial institutions to create long-term, tax-deferred growth, the coaches break down how anyone can apply the same principles to their own financial strategies. They explain how BOLI provides financial freedom through tax advantages, compounding growth, and safe wealth accumulation. 

If you’re looking to build wealth in a way that outlives traditional methods, this episode is a must-listen. 

Top three things you will learn:

-How banks leverage life insurance to build wealth and mitigate financial risks

-Why bank-owned life insurance (BOLI) is a valuable strategy for personal finances

-Practical steps to integrate the same strategies used by banks into your own financial planning

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

💸 Build a Passive Income Machine in 3 Steps:

Here’s how to flip the script and start building wealth the way the wealthy do 👇

👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept

Are you looking for a unique and profitable investment opportunity? In this episode, Brandon Cobb joins Russ and Joey to discuss how to transform farmland into cash-flowing communities. As a co-founder of HBG Capital, Brandon shares insights into turning raw land into thriving residential areas that national homebuilders are eager to buy. He dives into the current market demand for entry-level housing, explaining the critical shortage and the opportunity for smart investors to profit by developing land for affordable housing. 

Brandon walks through the step-by-step process of land acquisition and entitlement, and explains how forced appreciation increases land value. He also discusses the benefits of working with national homebuilders and the importance of location and market research. 

Whether you're a real estate investor or looking to break into land development, this episode provides a roadmap for creating profitable communities and building long-term wealth.

Top three things you will learn: 

-Land development as a profitable investment

-Understanding the growing gap between renting and home ownership

-Strategies for success in the land development market

About Our Guest:

Brandon Cobb is the CEO of HBG Capital. He began his career in medical device sales, following the conventional path society laid out for him. After achieving early success in the corporate world, Brandon’s life took an unexpected turn when he was unexpectedly let go from his dream job. This event sparked a transformation, as Brandon realized he needed to take control of his own financial future.

Determined to create a new path, Brandon ventured into life coaching, blogging, and launching a course on breaking into medical device sales, all of which ended in failure. However, he didn’t give up and turned to real estate investing. 

Brandon now specializes in developing affordable housing communities in Nashville, TN, while helping others achieve financial freedom and live life on their own terms by using real estate as a tool to unlock time and life experiences.

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

Connect with Brandon Cobb: