The Lifestyle Investor - Investing, Passive Income, Wealth

Today’s guest is my good friend Hal Elrod, whose mission is to elevate the consciousness of humanity, one person, and one morning at a time. Hal is a father, husband, entrepreneur, investor, public speaker, podcaster, producer, personal development coach, and international bestselling author of The Miracle Morning book series — which has been translated into 37 languages and has sold over 2.5 million copies. In this episode, Hal and I are talking all about how positively impacting others has a direct effect on the wealth that we generate. We discuss the importance of creating multiple streams of income, the commitment needed to achieve great success, and the unique investment strategy Hal used to build the life of his dreams. That and so much more!Key TakeawaysWhy books, movies, and other intellectual property that generate monthly royalties are a very real way to create streams of passive income.How eliminating the stress of rent or a mortgage payment opens you up to serve your family and do even more valuable, more transformative work.How the 2008 financial crash taught Hal to stop relying on a single stream of income - and what he did to build a more sustainable business after losing all of his coaching clients in rapid succession.Why success takes commitment - and what Hal learned from the three years he made $0 from the Miracle Morning.How focusing on other people can naturally lead to opportunities for success.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/12Get 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 in Apple Podcasts, (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.

As investors, it’s our goal to find opportunities to turn a passive investment into a major return. But when things go wrong, what can we do to ensure that we aren’t positioned to take a major loss? In 2009, Hans Box took a leap of faith, quit his job at PriceWaterhouseCooper, and bought a handful of rental properties. Under a client’s mentorship, he invested a substantial amount of his net worth into a deal overseeing 800 units of multifamily housing. When things started to go wrong, Hans’s partners voted for him and his current business partner to take over the deal, and he was able to take the investment from the negatives to a 24% return. Today, Hans brings his CPA skills to the podcast to share the story of how salvaging a high-risk deal informed his unique outlook on investing. You’ll learn what a deal should look like and how to interpret it, what you can do to minimize and mitigate your risk as you structure it, and how creating reliable streams of passive income have allowed Hans to focus on the things he loves the most about investing.Key TakeawaysHow Hans’ first deal taught him the value of being able to remove an underperforming sponsor or manager. How partners, sponsors, managers, and operating teams should perform under ideal circumstances.How to factor and evaluate what a return is actually going to look like, financial strength, and profitability.Why lifestyle investing isn’t about sitting on a beach for the rest of your life. The unique value of being both a mentor and a mentee - and why tracking your progress is so essential to effective coaching.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/11Get 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 in Apple Podcasts, (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.

Many lifestyle investors don’t just want to live life on their terms - they want to use their skills and knowledge to help others do the same. It’s why so many of us use our time to focus on building incredible networks, launch masterminds, and work to become better spouses, parents, and friends. It’s also what naturally leads some lifestyle investors into the world of franchising. Today’s guest, Erik Van Horn, understands this well. He’s founded the Franchise Tribe, a mastermind for franchise owners, as well as the host of the Franchise Secrets podcast - and he consistently brings real value into people’s lives while generating very serious ROI. He’s also a participant of Clubhouse, a platform where people can join virtual rooms, share stages, and listen in - and participate in - real conversations about life and business. In this episode of the podcast, I’m excited to talk to Erik about the power and value of networks, doing work because you want to (not because you need to), and the ins and outs of franchise deals.Key TakeawaysHow the Franchise Tribe helped countless business owners when the COVID-19 pandemic hit. Why Erik got “back into the game” and launched his mastermind despite having reliable streams of low-maintenance passive income. The biggest mistake that young franchisors make.What to look for when bringing in team members and partners as a lifestyle investor.Why the magic happens when your time no longer has to produce income.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/10Get 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 in Apple Podcasts, (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.

Many entrepreneurs believe asset management will be a lot like running a business. However, this doesn’t always prove to be the case, and many business owners experience real shocks as they transition into being passive or semi-passive investors. My guest, Robert Brooker, is someone who navigated this transition beautifully. Robert built a successful business, removed himself, and set off on a new course as a lifestyle investor, and today we’re exploring how he did it! We discuss the unique perspective on investing he inherited from his family and how he’s passing it on to his kids, how to analyze and assess many different factors as you consider investments, and what truly constitutes a life well-lived.Key TakeawaysWhy people often think selling their businesses will make their lives easier - and why putting their cash to work often proves to be extremely difficult. What makes entrepreneurship so risky - and why Robert attributes his success to hitting a bunch of singles, not home runs.Tools you can use to better understand contracts, licensing agreements, and other important components of deals if you’ve never had formal legal training.What wealth and freedom really mean to Robert. How you can learn from struggle, failure, and missed opportunities.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/9Get 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 in Apple Podcasts, (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 Shawn Sparks, who is a financial coach to the top 1% of Independent Financial Advisors. Over the course of the last decade, he’s helped financial services leaders market, sell, and run better businesses, and he shared the lessons and wisdom from these experiences in his book, The Advisor Breakthrough.More recently, Shawn decided to leave his high paying job to work for himself, not because he needed to make more money, but to live in greater alignment with his priorities - and today, we’re talking all about it!In this conversation, we explore how Shawn repositioned his life to achieve long-term freedom. We talk about what it means to build a company with people you want to do life with, what true wealth really is, and how to avoid becoming addicted to making money when it doesn’t serve you.Key TakeawaysHow our work lives impact our personal lives – often for the worse. How to analyze deals, life, and work with lifestyle and family in mind.The thing Shawn was most afraid of as he left his previous career – and why the exact opposite happened. Why Shawn is giving equity in his new company to all future employees. The value of expert guidance in getting from Point A to Point B, no matter what you’re trying to achieve.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/8Get 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 in Apple Podcasts, (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 David Osborn. At the age of 26, David returned home from travelling the world, broke and unemployed. Within 10 years, he built one of the top real estate brokerages in the world with more than 4,500 agents and annual sales volume exceeding $10 billion per year.In addition to being a world traveler and real-estate investor, David is a serial entrepreneur (who’s founded 50+ companies), speaker, wealth building mentor, and the author of several books, including Tribe of Millionaires and Wealth Can’t Wait.Yet, more than anything else, the inherent freedom derived from his success awards him the time to focus on what matters most: being a proud father and husband.Today, David joins the podcast to talk about how he scaled a real-estate empire and built true wealth & freedom in both business and life.Key TakeawaysWhy creating wealth doesn’t have to come at the cost of losing time with your family.How to scale your business without becoming a slave to it.— and why hiring mediocre talent is your worst enemy!How David used single-family homes to build a real-estate empire and the unique advantages to investing in this asset class.Why we learn so much more from the pain of loss than the thrill of victory.The difference between having to work and getting to work — and the #1 goal you should set in order to achieve financial freedom.Why your circle of influence is critically important to unlocking your true potential.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/6Get 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 in Apple Podcasts, (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 Mike Koenigs. Mike is the CEO and founder of the Superpower Accelerator, a serial entrepreneur, VC, angel investor, podcaster, and 13-time bestselling author. He helps experts create competition-proof, “category of one” brands to help them achieve freedom, simplicity, and elegance in their lives.Mike’s also the guy who helped me dream up and create the concept for The Lifestyle Investor. As someone who’s had 4 business exits and a deep understanding for how to accelerate growth through the power of teamwork, his wisdom has been invaluable.In this conversation, we explore the strategies for building low-risk, passive income streams. We also dig into the wins and losses Mike’s experienced throughout his own investing journey, and how he’s been able to break free from the daily grind to pursue a life that most people can only dream of living.Key TakeawaysHow to grow your business exponentially using the power of collaboration.Why it’s never too late to start investing.How Mike leveraged Justin’s expertise to find low-risk, owner financed deals with BIG returns!Why you should STOP putting your money into equity-only investments. Mike learned his lesson the hard way, but you don’t have to!Why conventional investing is uncontrollable and unpredictable — and what you should do instead!How to avoid taking massive risks and embrace the JOMO (Joy of Missing Out).What most people don’t realize about the stock market that oftentimes loses them money.How Mike uses freedom of time, money, relationships, and purpose as his guiding principles for living life on his terms.Mike’s secret weapon to improving productivity and mindset. 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/5Get 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 in Apple Podcasts, (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.

Josh Cantwell is the founder of Freeland Ventures, where he manages $40 million in capital and $240 million in assets. He uses this to offer investors passive real estate opportunities to diversify their portfolios, including 401(k)s, retirement roll over funds, and self-directed IRAs.Josh is deeply knowledgeable about his field. He has extensive experience as both someone who empowers lifestyle investors and as a lifestyle investor himself, and he uses his freedom to show up for his family when they’ve needed him the most.In today’s podcast, we dive into the world of passive real estate investing - and how to find deals that suit your portfolio’s unique needs.Key TakeawaysHow Josh found his passion for numbers at an early age and gave himself a foundational education in investing.What is a value-add apartment syndication?The difference between a syndication and a fund - and how syndications are structured to benefit passive investors and minimize risk.What a 1031 exchange is and what makes them so attractive to real estate investors.What the future of housing in America looks like as property continues to get more and more expensive.Why mobile home parks are such a big opportunity for investors.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/4Get 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 in Apple Podcasts, (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 today’s episode, I’m speaking with my friend Casey Weade. Casey is the CEO and Chief Visionary Officer of Howard Bailey Financial, as well as a firm believer in developing retirement plans that are driven by meaning and purpose. He’s also the host of the Retire With Purpose podcast, radio, and TV shows, where he helps people maximize their financial confidence and overall financial well-being.Casey is someone I have the utmost respect for as an entrepreneur, husband, and parent. We talk about his strategies for success across different aspects of life, what lifestyle and purpose really means to him, and how to invest to design the life that you want and deserve.Key TakeawaysNot all financial advisors are created equal! What you NEED to know before you start working with one!Why focusing on money & “things” is a recipe for disappointing life — and how to shift your focus to create more meaning and purpose.What should you do if you haven’t found your “passion” yet? Casey’s suggestion may surprise you!What a successful financial plan looks like — and how it can help you live a “Job Optional” lifestyle.Why a lack of intention and worrying about the future stops us from spending enough time where life is actually happening.The #1 priority your Financial Advisor should be helping you with so you can live life with purpose.How your emotional dependence on money is holding you back from becoming a Lifestyle Investor.How Casey’s grandparents’ financial philosophies influenced his life.Why “net givers” get the greatest returns — in all areas of life! 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/3Get the BookTo 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 in Apple Podcasts, (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 today’s episode, I’m speaking with my friend Brad Johnson. Brad is the host of The Elite Advisor Blueprint® podcast and coach to elite level independent financial advisors. As the former VP of Advisor Development at Advisors Excel, Brad coached a group of independent advisors managing over $1billion of assets annually.Brad has recently chosen to leave a 10+ year career to build a company of his own. We talk about this major life change and how he knew he was ready to leave, the key philosophical difference between money and wealth, and why now is the time to take a step — no matter how big or small — toward living the life you truly want.Key TakeawaysWhat Brad learned from some of the greatest minds in the financial industry — and how he knew it was time to move on from a company he spent over a decade with.The importance of creating freedom of time — doing what you want, when you want, with whoever you want.The true meaning of wealth and why making more money is a shortsighted goal.The investing strategy that piggybacks off the most brilliant people in the world.The reason so many people have an unbalanced approach to investing.The top three skills Brad believes helped him achieve success in business AND life.The most powerful piece of advice Brad ever received about retirement.The #1 habit to achieve success with your goals. 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/2Get the BookTo 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 in Apple Podcasts, (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.