The Lifestyle Investor - Investing, Passive Income, Wealth

Here's something to consider. The wealthiest people in the world don't waste their time investing in the stock market. The majority of their net worth is allocated to alternative investments—and on today's episode, you'll learn why.I'm speaking with Christopher Schelling, the Director of Private Investments for Caprock. As an institutional investor, Chris has invested roughly $5 billion and met with over 3,000 managers across private equity, private real estate, real assets, private credit, natural resources, hedge funds, liquid alternatives, crypto, and more.He is currently a contributing columnist for Institutional Investor, has written over 60 articles on investing, and is the author of Better than Alpha: Three Steps to Capturing Excess Returns in a Changing World.Chris was named one of Money Management Intelligence's 2012 Rising Stars of Public Funds, a Rising Star of Hedge Funds by Institutional Investor in 2014, received the Institutional Investor Intelligence Award for Absolute Return Strategies in 2016, and was named a Top 30 Private Equity Investor by Trusted Insight in 2018.He has over 20 years of experience in the investment industry, nearly all focused on alternative investments—which is the main topic of today's conversation.In this episode, Chris brings a wealth of knowledge and teaches you all about the benefits of alternative investments. We talk about the problems with institutional investing, the risk and reward of private credit funds, investing in private companies pre-IPO, cryptocurrency, and so much more!FREE GiftChris is giving away one of his most popular articles, The Dangerous Democratization of Alternatives. To get access to this gift, visit JustinDonald.com/63.Want the Full Show Notes?To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/63Get the Lifestyle Investor Book!To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/bookRate & ReviewIf you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The difference between the people who want financial freedom and those that achieve it is commitment. If you can identify specific goals, break them into manageable steps, and take action, there’s no reason you can’t achieve financial freedom too.Dave Allred, managing partner of Axia Partners, is a perfect example of how living with intention can launch you forward in business and life.Dave started as a door-to-door sales rep for a security company and worked his way up to the Regional Vice President of Sales.While he had built an incredible career, more than anything, he wanted to achieve financial freedom and knew real estate was the vehicle to get him there.By the time he was 30, Dave had decided to turn his dream into a reality. Over the next 10 years, he built an investment portfolio of more than 1,000 residential units, syndicated more than a dozen deals, and even started a real estate fund.In this episode, you’ll learn how Dave accomplished it all and created enough passive income to live a life by design. He shares the biggest lessons he’s learned and why having purpose and intentionality behind your financial goals is key to succeeding.Here's just some of the things we get into:How Dave Allred went all in on financial freedom, started investing in real estate, and built a fund.How sales taught Dave to get comfortable being uncomfortable, and the benefits of delayed gratification.How a big gamble paid off for a 12X return on investment.The mistakes Dave made investing in his first fourplex, and now running his own real estate fund.Dave’s step-by-step guide to reverse-engineering financial freedom.Why passion and purpose need to be tied to your goals.How Dave demonstrates good life and investment strategies for his kids.How to use Dave’s Lifestyle Design to determine your intentionality.FREE GiftDave is giving away his Lifestyle Design planning template, which is a fillable spreadsheet covering 10 different pillars for building an exceptional life of freedom, purpose, success and happiness. Use the template as a guide to evaluate important areas of your life and plan out your biggest commitments for 2022 and beyond!To get access to this gift, visit JustinDonald.com/62.Want the Full Show Notes?To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/62Get the Lifestyle Investor Book!To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/bookRate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

You don’t have to come from money to build wealth. If you can find a good deal, the money will follow. What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there!Today, I’m speaking with Ken McElroy, who went from a broke college student managing an apartment building to becoming a business mogul who has transacted over $1 billion in real estate. Ken was by no means an overnight success. In fact, he spent 8 years managing properties before he would own any of his own. But his determination to learn and ability to surround himself with the right people eventually paid off.Ken has gone on to experience great success in the world of real estate. Not only is he a bestselling author and internationally recognized speaker, but he’s the real estate advisor to Robert Kiyosaki of The Rich Dad Company.In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. You’ll learn why “not having enough money” is a limiting belief that’s holding you back, why relationships are the key to success, and how to take advantage of life’s unexpected opportunities, so you can live the life of your dreams.Here's just some of the things we get into:The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate.The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments.Overcoming the limiting belief that you need money in order to make a deal happen.Why relationships are the foundation for success.How Ken developed an unexpected friendship with Robert Kiyosaki.The power of putting yourself out there—and how this mindset led Ken to working with Tony Robbins.Why the most rewarding part about making money is giving it away.FREE GiftKen is giving away his e-book, 21 Keys to Real Estate Success, which outlines the top things he wish he would have known before he got started on his real estate investing journey.To get access to this gift, visit JustinDonald.com/61.Want the Full Show Notes?To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/61Get the Lifestyle Investor Book!To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/bookRate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

So many people end up going to school, choosing a career, working as hard as possible, and climbing the corporate ladder, hoping that they will one day achieve financial success. But far too often, that day never comes. Today’s guest, Vanessa Peters, is an excellent example of someone who fell into that trap but ultimately decided to do something about it.    After 10 years of building a career as a Doctor, she realized she wouldn’t achieve her financial goals, even as a high-income earner. Not only was she swimming in debt from years of schooling, but her life revolved around work, leaving little time to enjoy anything else.  In 2008, Vanessa decided to start investing in real estate and began with a single-family home. Before long, she moved on to multifamily, mobile home parks, self-storage, short-term rentals, and even land entitlement, which is turning raw land into a “shovel-ready” state. This adds value and can lead to BIG returns, for both syndicators AND passive investors!In this episode, you’ll hear all about Vanessa’s unconventional path to succeeding as a real estate investor. We discuss syndication strategies for passive investing, why cash-flowing assets are so crucial to your success, and the massive opportunities that exist with land entitlements.Here’s just some of what we get into:Realizing her career as a Doctor wouldn’t allow her to succeed financially.The story of her first deal and how she went from single family homes to investing in multifamily real estate.Why holding on to a cash flowing asset (like a single family home) is a smart move, regardless of market conditions.Why real estate syndications are such a passive way to invest your money.Vanessa describes her experience with multifamily, mobile home parks, self-storage, and land entitlement—and the problem she sees with investing in single-family homes.How to invest in “raw land” and make BIG returns by adding value through entitlements.How Vanessa’s investment company bought a $6.5M piece of land and sold it for $17M in less than a year!Hear about Vanessa’s book, The Busy Professionals Guide to Passive Real Estate InvestingFREE GiftFree e-book The Busy Professional’s Guide to Passive Real Estate InvestingFree report From Raw Land to Shovel Ready: Why I Love Investing in Land EntitlementTo get access to these gifts, visit JustinDonald.com/60.Want the Full Show Notes?To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/60Get the Lifestyle Investor Book!To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/bookRate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this engaging conversation, Sam Marks, a serial entrepreneur and investor, shares his inspiring journey from launching SKYCIG, Europe's largest e-cig brand, to negotiating a $100 million acquisition. After discovering how his financial advisors mismanaged his funds, he founded the Invest Like a Boss podcast to learn investing strategies from the best. Sam discusses his diverse passive income investments, including self-storage units and a microbrewery, and reveals how these ventures allow him to travel the world, live richly, and pursue his dreams.

Sometimes, the one thing you want the most, is oftentimes the best thing that never happens.Maybe you can recall one of those moments in your own life; where you worked SO hard for something and it just didn’t work out the way you had planned. But in the end, it got you to where you are today.Today’s guest, David Nurse, calls these happy little accidents “breakthroughs”, which is exactly what this episode is all about. More than anything, David wanted to play in the NBA. But when his dreams didn’t come true the way he had envisioned, it didn’t stop him. He simply pivoted.Instead of becoming a player, he decided to become a coach, and eventually landed a position with the Brooklyn Nets. Not long after he joined the team, a new head coach came in and fired everyone—including David.Naturally, this wasn’t the outcome he was looking for, but it opened doorways he never knew existed. And in the end, getting fired was the best thing that ever happened to him.David’s now an NBA mindset strategist, life optimisation coach, author, podcaster, and speaker who inspires audiences all over the world.Had it worked out in Brooklyn, not only would it have limited his success, but he wouldn’t have met his wife, who he now shares a wonderful life with in L.A.In this episode, you’ll learn the unconventional story of how David made it into the NBA, his unique strategies for building relationships with world-renowned experts (despite starting with no money and no connections), and how to use his Breakthrough Formula to realize your potential, push through limitations, and achieve things you never knew were possible.Here’s just some of what we get into:David shares his incredible journey from dreaming to play in the NBA, to working as a coach for the Brooklyn Nets.How David landed a meeting with L.A. Clippers GM, Gary Sacks, with no money and no connections—a simple tactic anyone can use to expand their network!Become a connector and get world renowned experts to join you for dinner—even if they don’t know who you are!When the word “potential” is limiting to your success.Discover the “Breakthrough Formula”, so you can realize your potential, push through limitations, and achieve things you didn’t know were possible.Why balance is overrated and obsession is a good thing.Want the Full Show Notes?To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/58Get the Lifestyle Investor Book!To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/bookRate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Have you ever wondered what makes great leaders so great? What do they do differently that inspires the people around them to perform at their absolute best?In today’s conversation, you’ll find out, as I’m speaking with leadership expert, Jon Gordon.Jon’s leadership principles have been put to the test by numerous world-renowned organizations, such as NFL, NBA, MLB coaches and teams, Fortune 500 companies, schools, hospitals, non-profits, and more.He is the author of 24 books, including 6 best-sellers: The Energy Bus, The Carpenter, Training Camp, You Win in the Locker Room First, The Power of Positive Leadership and The Power of a Positive Team.Here's just some of the things we get into:Why parenthood is all about selfless leadership.Leadership lessons you can learn from Clemson University’s head football coach, Dabo Swinney.If you had all the money in the world, what would you do? Jon shares how he discovered his calling and stuck with it, even when the money wasn’t there and the path wasn’t clear!The power of positive leadership.Why the ‘tough love’ approach to leadership no longer works—and what to do instead if you want to push people to be their best.How to think about building your legacy.FREE GiftsGet Jon's FREE 11-Day Stay Positive Action Plan. Plus, you’ll also get an additional 7-step action plan, "The Power of A Positive You".To get access to this gift, visit JustinDonald.com/57.Want the Full Show Notes?To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/57Get the Lifestyle Investor Book!To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/bookRate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today, I’m speaking with Andrew Henderson, the world’s most sought-after expert on offshore tax planning, second passports, and global citizenship.As the Founder of Nomad Capitalist, he helps successful entrepreneurs and investors legally reduce their tax bill, create a Plan B, and grow their wealth globally.In this conversation, we talk all about why geography is no longer a limitation for investors who are willing to follow Andrew’s advice to “go where you’re treated best.”What does that mean exactly?Well, it’s not only about reducing your taxes. While that’s a part of it, it’s also about choosing how you spend your hard-earned money, mitigating risks, and creating a backup plan that gives you and your family peace of mind. It’s about diversifying, optimizing, and taking control over all aspects of your life, so you can experience true freedom. Don’t worry, we dive deeper into all of this during our conversation.And to be clear, becoming a global citizen doesn’t necessarily mean you have to live abroad. While it’s certainly an option with many benefits, Andrew’s strategies can help you take advantage of all the great things that are happening in the countries around you—regardless of where you decide to live.So, if you want to keep more of your own money, become a citizen of the world, and experience true freedom, don’t miss my conversation with Andrew Henderson!Here's just some of the things we get into:Diversify your wealth by “planting flags” in different countries.Go where you’re treated best—and it won’t always be your home country.The psychological reasons most people are too afraid to move abroad.The goal and desire to have personal freedom and choice.What is Civil asset forfeiture?Why you need a Plan B residency more than ever.The benefits of owning real estate in foreign countries.Some of the best countries for residency and citizenship.Thoughts around cryptocurrency.The EKG Formula—enhance your freedom, keep more of your wealth, and grow what you haveSolutions for those who choose to live in their home country.How to get citizenship for different countries.Want the Full Show Notes?To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/55Get the Lifestyle Investor Book!To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/bookRate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, I’m speaking to Alan Olsen, who is a tax expert with over 25-years of tax advisory experience serving some of the most influential and successful entrepreneurs and venture capitalists in the world.Alan started out as an IRS agent and a CPA, but was destined for something greater. His grit, determination and community involvement brought him early success, and an understanding of the value of relationships. As a father of seven, Alan always prioritized family and leaned on his faith, but it wasn’t until his kids went to college that he had an epiphany. He decided to share his wealth with less fortunate families, and virtually bankrupted himself to fund a low-cost college tuition program for disadvantaged children. Despite the uncertainty, following this unconventional path would lead to success far beyond his imagination! Today, Alan’s a Managing Partner at GROCO, which is recognized as one of the top Silicon Valley CPA firms, and host of the podcast The American Dreams Show. He’s a master at connecting the right people and telling their stories.In our discussion, I speak with Alan about the common denominators that make us human, why he believes problem-solving generates true wealth (not just the monetary kind), the power and importance of relationships, and the secret to creating a thriving business during challenging economic times. That, and a whole lot more!Here's just some of the things we get into:Alan Olsen entrepreneurial journeyGoing broke to help disadvantaged kids get back on trackWhy Alan was offered ownership of a $7.5M piece of property for FREE—and the reason he turned it downWhy the foundation of life is never about moneyHow to make a business thrive in challenging economic timesThe power and importance of relationships—and the BIG epiphany Steve Jobs had on his deathbedA better measure of true wealthWhat does a multi-family real estate office do?Want the Full Show Notes?To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/54Free Gifts from Alan OlsenHe’s giving away the preface to his new book. Inside, you’ll hear an incredible story about one man’s journey to live life to the fullest. The story is about a man that Alan interviewed named Gary Rogers, who most notably bought Dreyer’s Ice Cream for $1M in the 70’s and later sold it to Nestle for $3.2 billion. If you want to know what it means to live a fulfilled life, you won’t want to miss the powerful advice that Gary shared before he passed away. Go get the story by visiting JustinDonald.com/54Get the Lifestyle Investor Book!To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/bookRate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

There’s no point in making money if you’ve got nobody to spend it with. Unfortunately, far too many entrepreneurs sacrifice their freedom to achieve financial success—and in the process, they lose out on spending time with the people who matter the most.Those who fall into this trap will say they’re “doing it for their family”, but sadly, it’s the family that always gets the short end of the stick. And I can tell you from experience, I’ve made this mistake!But keep this in mind…Your kids will never remember how many mortgage payments you make, but they will remember if you show up to their little league games, birthdays, recitals, and family dinners.This leads me to today’s guest. I’m speaking with my good friend and lifestyle investor, Mike McCarthy, whose mission is to help you see that what your family really wants isn’t material wealth—it’s YOU!Mike is an entrepreneur, speaker, author of The Miracle Morning for Parents and Families, Regional Owner of the Keller Williams Greater PA Region, and Co-Founder and former CEO of GoBundance.While Mike achieved incredible success as an entrepreneur, he didn’t want to give up time with his family to start more businesses. Which is what led to him building FamBundance—a family mastermind community that creates personal development opportunities for like-hearted and like-minded families.In today’s conversation, Mike and I talk all about putting family first, the key to building a true legacy, how to include your kids in creating strong values, and why your life as an investor is only successful if you’re balancing it with a happy home.Here's just some of the things we get into:How Mike repaired an estranged relationship with his father and built a successful real estate franchise in the process.Why a successful business and a happy family life go hand-in-hand.Why freedom of time is way more important than financial success.Applying your business leadership skills to your family life.Why more money isn’t the key to building a legacy.Why you should stop using the excuse “I’m doing it for my family”Involving your kids in defining your family values.The Miracle Morning for Parents and Families.Why improving communication and connection in individual families can save the world.Want the Full Show Notes?To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/53Free Gifts from Mike McCarthyMike is giving away his family goals worksheet which is taken from The Miracle Morning For Parents and Families Playbook. This is a great exercise to help you set and achieve important goals with your family.To get access to this free gift, visit JustinDonald.com/53Get the Lifestyle Investor Book!To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/bookRate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.