Introduction

In this chapter, the host interviews Justin Donald about the concept of boring businesses and its relation to franchising, as well as the potential of the wellness space in this industry. The conversation is lighthearted and enjoyable.

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Episode notes

As a business owner or investor, it's too easy to become caught up in pursuing the next big thing, But what if someone told you that building wealth can also involve following the most boring options?

⚠️ For a limited time, Justin is offering a Free Strategy Session to our podcast listeners who would like to explore their options to become a Lifestyle Investor. Click Here to book now ⚠️

While everyone is focused on new startups, there is a significant opportunity to invest in underrated businesses. The reality is that these underrated or boring businesses, like your neighborhood laundry shops or car service companies, are making a lot of money. That's why investing in boring businesses is a brilliant idea.

These businesses can grow your wealth and have you living the lifestyle you want. To help you know more about the brilliance of boring businesses, Erik chats with The Lifestyle Investor Justin Donald.

Entrepreneur Magazine calls Justin the “Warren Buffett of Lifestyle Investing.” As the founder of The Lifestyle Investor and a master of low-risk cash flow investing, Justin’s ethos is to “create wealth without creating a job.” He excels at simplifying complex financial strategies, structuring deals, and disciplined investment systems that consistently yield profitable results.

Join Erik and Justin as they harass and make fun of each other while sharing valuable information about investing and some tools to optimize your health.

“People want to buy the brands that they believe are doing it the right way, that are not being manipulative.” - Justin Donald

In This Episode:

- Why Justin Donald is not YouTube-famous

- Who is Codie Sanchez, and how does Justin know her?

- How to subscribe to Justin's newsletter

- Why is everyone talking about boring businesses right now?

- What is a lifestyle business?

- Why is investing in the wellness industry a good idea?

- Is there anything to be wary about the current trends in the health space?

- How important is it to get a thorough bloodwork?

- The reason Justin does not own a cold plunge (even if he can afford one)

- Justin's recommended resources for asset allocation and investment criteria