In this episode of the Wealth Without Wall Street Podcast, Russ Morgan and Joey Muray share their passive income report for May 2025 and discuss syndication investment structures. They highlight the complexities of syndications, including terms like PREF return and waterfalls, and emphasize the importance of understanding different payout structures. They share personal financial lessons, such as the need to actively manage taxes and understand tax returns, and offer advice on evaluating syndication deals by asking key questions about preferred returns, profit splits, and general partner compensation. The hosts encourage listeners to define their financial goals before choosing investments and to stay informed and involved in their investment projects. They also promote resources like a financial freedom quiz and a 12-week passive income lab to help listeners achieve their financial goals.
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