Justin Donald, master of low-risk cash flow investing, talks about becoming a lifestyle investor and shares the principles of lifestyle investing, finding invisible deals, and enhancing returns. He also discusses how to break seven to eight figures in net worth through real estate and cash flowing investments. The importance of investing in oneself is highlighted along with valuable knowledge and discounts for listeners.
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Quick takeaways
Becoming a lifestyle investor means buying back time and having the freedom to do what you want through asset-based cash flow.
The 10 commandments of lifestyle investing provide a framework that emphasizes designing a life by prioritizing your desired lifestyle and reducing risk while maximizing returns.
Deep dives
Becoming a Lifestyle Investor
Becoming a lifestyle investor means living a life where you buy your time back and have freedom to do what you want. It involves making money through assets and capital, allowing for continuous cash flow regardless of active work. The goal is to liberate oneself from being tied to a business and instead have the privilege to work on one's own terms. This requires planning, designing, and creating a life by design rather than default.
Key Commandments of Lifestyle Investing
The 10 commandments of lifestyle investing provide a framework for successful investment strategies. The first commandment is 'lifestyle first,' emphasizing the importance of investing in a way that supports the desired lifestyle. Reducing risk is the second commandment, with a focus on minimizing the chance of losing money. Finding invisible deals is the third commandment, where off-market or unique investment opportunities can be explored. The fourth commandment is getting the principal back quickly, allowing for reinvestment and compounding growth. Creating cash flow immediately is the fifth commandment, ensuring investments generate income right from the start. Commandment six, finding an income amplifier, allows for enhanced returns and better deal terms. The remaining commandments cover topics such as diversification, tax efficiency, aligning values with investments, and building a network of trusted advisors.
From Seven to Eight Figures: Justin's Progress
Justin Donald shares his journey of wealth accumulation, starting with replacing his wife's income through cash-flowing real estate investments. Over time, he expanded his portfolio by investing in various assets like mobile home parks, multifamily properties, and storage units. By structuring deals that prioritize reducing risk and providing immediate cash flow, Justin was able to reach seven figures in net worth before eventually reaching eight figures. His approach involved finding invisible deals, seizing income amplification opportunities, and diversifying through multiple investments.
Advice for Aspiring Lifestyle Investors
For those dreaming of living off passive cash flow, Justin emphasizes the importance of taking immediate action. Surrounding oneself with like-minded individuals and mentors who can inspire and challenge thinking is crucial. Investing in personal development, reading books, attending courses, and participating in business networking events can help expand knowledge and perspective. Justin also encourages aligning investments with personal values and goals, aiming for income-producing assets, and exploring opportunities to enhance returns through negotiated terms.
From the archive: This episode was originally recorded and published in 2021. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.
Entrepreneur Magazine calls Justin Donald the Warren Buffett of Lifestyle Investing. He’s a master of low-risk cash flow investing, specializing in simplifying complex financial strategies, structuring deals, and disciplined investment systems that consistently produce profitable results. His ethos is to create wealth without creating a job.
Top 3 Value Bombs
1. A lifestyle Investor is someone living a lifestyle wherein they have the freedom of time to do what they want.
2. Anyone can be a Lifestyle Investor, but who will take action and make big things happen?
3. Take action immediately. Take some form of action, take on step towards financial freedom whatever manner that is in.
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