11 | Justin Donald | How the Velocity of Money is the Secret to Retiring Young

What if you could earn a passive, life-long income without being a slave to your job or business? A lot of entrepreneurs start their businesses because on some level, they want greater freedom in their life. However, once they start, they end up giving even more hours and time than ever before. Has this happened to you? On today’s show, we have Justin Donald, author of The Lifestyle Investor who shares how you earn passive income and buy back your time! Justin shares his investing philosophy while calling out some common mistakes that seasoned entrepreneurs and professionals make. Early on in his career, Justin transitioned from his W-2 job to being self-employed. But while he did end up making more money, this move did little to improve his life on a holistic level as he just ended up being a slave to his business. He was still working 18-hours every day. He was still working weekends. And he was still not showing up for his family in the right way. Justin realized that he had to flip the switch, and think more like a “self-employed entrepreneur”. By leveraging low-risk cash flow investing, he had to generate a passive income that would sustain his lifestyle. As a huge proponent of lifestyle investing, Justin shares both basic (but often ignored) and sophisticated investing strategies guaranteed to help you out. With the Fed printing dollars like never before, what can you do to hedge your portfolio against inflation? Justin also has some great tips for stock market investors who are finding it difficult to navigate the extreme volatility in today’s market. You will also discover more about Justin’s new book, The Lifestyle Investor where he explains his 10 Commandments of Lifestyle Investing in great detail. Even if you don’t have large financial coffins and savviness to back you up, listening to today’s show will help you up your investing game. What You Will Learn In This Show How to stop being a slave to your job or business Hedging your portfolio against inflation Passive income generation strategies for those who are just starting out Things that your financial advisor is not telling you And so much more… Quotes “I want to help people in the way they process and think about investing, and living life, and the way they value time”. “People don't often look at the actual math, and this to me is a big smoke screen where people don't know what's really happening. That's my big issue.” “My goal is not to earn money. My goal is to earn my time back”. “Earn the income that you don’t have to put time into”. Resources The 4-Hour Work Week Rich Dad, Poor Dad Justin Donald Facebook Instagram Twitter LinkedIn This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

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