# Infinite Banking & Passive Income Game Plan Session | Wealth Without Wall Street > See how the system banks use every day turned $2,600 a month into $50,000 a month in passive income. Apply for a free 60-minute infinite banking and passive income game plan session. Wealth Without Wall Street (WWWS), founded by Russ Morgan and Joey Mure in Birmingham, Alabama, teaches high-income professionals, business owners and investors how to build passive income greater than their monthly expenses using the Infinite Banking Concept (IBC), dividend-paying whole life insurance as a private banking system, and cash-flowing alternative investments such as real estate, land and private businesses. Russ and Joey were mentored by R. Nelson Nash, author of Becoming Your Own Banker, host the Wealth Without Wall Street podcast (1.6M+ downloads), hold 40+ whole life policies between them, and earn over $50,000 a month in passive income. 1,000+ investors have gone through their programs. ## Programs - [Free Passive Income & Infinite Banking Masterclass](https://masterclass.wealthwithoutwallstreet.com/): Free 60-minute live workshop every Tuesday at 7pm ET on infinite banking, whole life insurance as a personal banking system, and the Blue Box Strategy. - [Infinite Banking & Passive Income Game Plan Session](https://apply.wealthwithoutwallstreet.com/): Apply for a free 60-minute session with a strategic financial coach to map your Freedom Number and the Passive Income Operating System. - [The Passive Income Lab](https://lab.wealthwithoutwallstreet.com/): 12-week, small-cohort passive income investing program: Investor DNA, Buy Box, and coached deployment of capital into cash-flowing alternative investments. - [Book a Passive Income Lab Game Plan Session](https://book1.wealthwithoutwallstreet.com/): Free 45-minute session for investors with $25,000+ to deploy: Freedom Number, gap, and a 12–24 month plan. ## Key questions answered ### What is infinite banking? Infinite banking, or the Infinite Banking Concept (IBC), was created by R. Nelson Nash and laid out in his book Becoming Your Own Banker. Instead of keeping your money in a bank and borrowing from one when you need capital, you build cash value inside a properly designed, dividend-paying whole life insurance policy and use it as your own private banking system. You borrow against that cash value to pay for big purchases or fund investments, then repay the loan on your terms. People also call it becoming your own banker or being your own bank. Russ and Joey were mentored by Nelson Nash and have built their own finances around it since 2009. ### How does whole life insurance work as a personal banking system? Whole life insurance is permanent life insurance. Along with the death benefit, it builds cash value that grows on a guaranteed basis, and policies from mutual insurance companies may also pay dividends (dividends are not guaranteed). When a policy is designed for cash value, usually with a paid-up additions rider, more of each premium goes to work as cash value. You can take a policy loan against that cash value for any reason without a credit check. The insurer uses your cash value as collateral, so the cash value keeps growing while the loan is outstanding. Policy loans accrue interest, and any unpaid loan reduces the death benefit. ### What is the Blue Box Strategy? Most people keep their savings in a Red Box: 401(k)s, IRAs, pensions, 529s and home equity. That money is sheltered, but you can't touch it without penalties or hoops, so it works for the institution. A Blue Box gives you the same protection and keeps compounding without tax drag, but it's accessible right now to deploy into real-world, cash-flowing assets that produce passive income today. In the masterclass, Russ and Joey show how a cash-value whole life policy becomes that Blue Box, so the same dollar can work in two places at once. ### Is infinite banking legit, or is it a scam? Infinite banking uses ordinary, state-regulated whole life insurance from long-established mutual insurance companies. There's nothing exotic about the policy itself. People get burned by poor policy design or unrealistic promises. It isn't a get-rich-quick plan: cash value is usually lower than the premiums paid in the early years, it works best as a long-term commitment, and policy loans accrue interest. That's why the masterclass shows real numbers, including Russ and Joey's own 40+ policies. Their oldest, opened in 2010, holds nearly $296,000 in cash value today. ### What is the Passive Income Operating System? The Passive Income Operating System (PIOS) is the framework Russ and Joey teach for reaching financial freedom, defined as the day your passive income is greater than your monthly expenses. It organizes where your money is stored (the Blue Box), how it's deployed into cash-flowing assets, and how those dollars get recycled, so your money works as hard as you do. It's the system behind their own $50,000+ a month in passive income. ### What investing programs does Wealth Without Wall Street offer? There are three ways to work with Wealth Without Wall Street. You can start with this free Passive Income Operating System masterclass. You can book a free Passive Income Game Plan session with a strategic financial coach to map your Freedom Number and set up your own banking system. Or you can join the Passive Income Lab, a 12-week, small-cohort passive income investing program where you build your Investor DNA and Buy Box and deploy capital into cash-flowing alternative investments with a coach. ## More resources - [Wealth Without Wall Street](https://www.wealthwithoutwallstreet.com/): Main site, blog and podcast. - [What is infinite banking?](https://www.wealthwithoutwallstreet.com/infinite-banking): Infinite banking explained. - [Passive income](https://www.wealthwithoutwallstreet.com/passive-income): How Wealth Without Wall Street approaches passive income. - [The Blue Box Strategy](https://www.wealthwithoutwallstreet.com/blog/blue-box-strategy): The Blue Box Strategy explained. - [Is infinite banking a scam?](https://www.wealthwithoutwallstreet.com/blog/is-infinite-banking-a-scam): An honest look at the pros, cons and risks. - [FAQ](https://www.wealthwithoutwallstreet.com/faq): Frequently asked questions about Wealth Without Wall Street. - [The Wealth Without Wall Street Podcast](https://podcasts.apple.com/us/podcast/the-wealth-without-wall-street-podcast/id1282660297): 1.6M+ downloads. ## Contact Wealth Without Wall Street Media, LLC, 120 19th St N, Suite 2050, Birmingham, AL 35203, United States. Phone 205-236-0075. ## Disclaimer Educational content only, not financial, legal or tax advice. Wealth Without Wall Street is not a registered investment advisor. Results vary and are not guaranteed. Whole life insurance policy loans accrue interest, and unpaid loans reduce the death benefit.