Invest Like a Boss

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In the first half of this episode, Johnny and Sam give you a preview of their 3rd quarter 2020 investments. If you want to hear the full episode and see the video including screenshots of both Johnny and Sam's accounts you must become a Patreon. Sign up for the Invest Like a Boss Patreon account for as low as $5 per month to gain access.  In the second half of the episode, Johnny follows up with Die With Zero author Bill Perkins. (Listen to his first ILAB interview in Episode 149). There was a lot of interest in what MLPs (Master Limited Partnerships) that Bill invests in himself and he actually lists the exact ones he has positions in! Johnny even decided to mirror Bill's investments  himself, you'll have to listen to find out what MLPs Bill is in! Listen to ILAB 159 on iTunes here or subscribe on your favorite podcast app.     Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – South Carolina / IG @imsammarks Derek Spartz - Los Angeles / IG @DerekRadio   Sponsor: Our Crowd  Support Invest Like a Boss: Join our Patreon Discussed: Die with Zero Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 2:29 – Quarterly Update preview 23:11 – How do you afford to have a yacht experience? 24:30 – Who paid for the yacht you are on? 25:45 – How much was it to rent a yacht? 26:05 – How big is the yacht? 26:50 – “I identify the experiences then allocate the money” - Bill Perkins 27:14 – What MLP’s are you invested in? 29:03 – Is this a Long-term hold for you? 29:49 – Do you worry about the price per share when it is time to sell? 31:11 – Would I be crazy to do 10% of my net worth in MLPs ? 32:38 – “I wasn’t put on this earth to make 4%” - Bill Perkins If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Peter Mallouk is the President of Creative Planning, named the #1 Independent Financial Advisory Firm in America by Barron’s (2017). Barron’s magazine named Peter the #1 Independent Financial Advisor in America three straight years (2013, 2014, and 2015). CNBC named Creative Planning the #1 Independent Wealth Management Firm in the United States on the only rankings the network ever released (2014–2015). Peter is featured on Worth magazine’s 2017 and 2018 Power 100 rankings, a list featuring the 100 most powerful men and women in global finance. In 2017, Peter was a recipient of the Ernst & Young Central Midwest Entrepreneur of the Year Award. Creative Planning provides comprehensive wealth management services to high-net-worth clients, including investment management, financial planning, charitable planning, retirement plan consulting, tax planning, and estate planning services. Creative Planning currently manages nearly $50 billion for clients in all fifty states. Reach Out to Peter Mallouk Creative Planning Twitter Facebook Listen to ILAB 158 on iTunes here or subscribe on your favorite podcast app.     Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – South Carolina / IG @imsammarks Derek Spartz – Los Angeles / IG  @derekradio Sponsor: Indeed  Support Invest Like a Boss: Join our Patreon Discussed: The Path: Accelerating Your Journey to Financial Freedom is Peter Mallouk & Tony Robbins'  Regardless of your stage of life and your current financial picture, the quest for financial freedom can indeed be conquered. The journey will demand the right tools and strategies along with the mindset of money mastery. With decades of collective wisdom and hands-on experience, your guides for this expedition are Peter Mallouk, the only man in history to be ranked the #1 Financial Advisor in the U.S. for three consecutive years by Barron’s (2013, 2014, 2015), and Tony Robbins, the world-renowned life and business strategist. Mallouk and Robbins take the seemingly daunting goal of financial freedom and simplify it into a step-by-step process that anyone can achieve.   Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 8:22 – Why the New Book? 9:26 – Why was it necessary to include “the 6 human needs” in the book? 14:06 – Why do people have financial success but still are not happy? 15:57 – What still drives you to grow your business? 17:14 – How did you get started and how did you meet Toni? 24:47 – What are your thoughts on the All Seasons portfolio? 29:03 – What are your thoughts going forward with the US Stock market? 31:08 – How are you personally invested? 32:30 – What are the advantages of using your company as opposed to going directly? 34:42 – How do you feel about crypto currency? 36:52 – What does financial freedom look like? 38:56 – Johnny and Derek Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Meet Derek Spartz, the newest member of Invest Like a Boss. Derek has been a member of ILAB since March 2020, mostly behind the scenes, but will be taking on a larger role going forward. So, we decided to have him on the show to learn more about his career background and investment portfolio. Johnny speaks with Derek to learn how he went from a corporate job in the music/radio industry with near zero savings and buried in debt to becoming self-employed, debt-free and achieving a 50% savings rate in less than 2 years. Derek has done all this while continuing to live in one of the most expensive places in the United States - Venice Beach, California. Learn why he continues to live there, what his plan is going forward, and how he was inspired by ILAB and eventually came to work on the show. Listen to ILAB 157 on iTunes here or subscribe on your favorite podcast app.   Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – South Carolina / IG @imsammarks Sponsor: MasterWorks Select "Podcast" at signup and use code BOSS to skip the 70,000 person wait list and get direct access to invest.  Support Invest Like a Boss: Join our Patreon Discussed:  Save up to $30,000 and delay your dues until you're ready to travel when you sign up Here Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 12:32 – Derek’s Background 22:35 – Derek’s employment after radio 32:27 – “I’m at a 50% savings rate” - Derek Spartz 37:57 – Is there a city or country you would consider moving to? 39:19 – How did you start working with Invest Like A Boss? 40:19 – Is there a plan for an Invest Like A Boss meet up in 2021? 41:49 – When is the Tony Robbins interview? 43:56 – What is the most impactful book you read? 46:16 – Where do you invest your money? If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
In Buying Real Estate Overseas For Cash Flow (And A Better Life): Get Started With As Little As $50,000, Kathleen Peddicord and Lief Simon explain how to incorporate an investment in foreign real estate into your portfolio for as little as $50,000. With a lifetime of experience on the subjects of living, retiring, and investing overseas, the authors delve deep into this complex topic. Simply put, this book is a practical guide to buying property overseas as a strategy for earning cash flow to fund your dream retirement. Buying Real Estate Overseas includes a breadth and depth of information on the world’s best markets for investing in real estate for cash flow. Its up-to-date information about this investment category puts to bed much of the outdated advice and guidance currently available in published materials. The authors identify several hot, new markets where currency valuations and market conditions make the purchase of real estate an extremely wise investment decision in today’s volatile investment climate. Listen to ILAB 156 on iTunes here or subscribe on your favorite podcast app.     Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – South Carolina / IG @imsammarks Sponsor: OurCrowd  Support Invest Like a Boss: Join our Patreon Discussed: Buy Real Estate Overseas to Earn Cash Flow Save up to $30,000 and delay your dues until you're ready to travel when you sign up Here Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 07:58 – How do you get started in buying properties overseas?  15:10 – Is it easy to find local banks that are willing to lend you money for properties? 20:54 – After you are financed, what is the next step? 27:41 – With short term rentals, how do you address property management? 30:44 – How do you choose a property? 39:38 – What strategies do you use for negotiating on the property? 46:16 – How is it best to handle closing on the property? 49:04 – What are the ways you can manage your asset? 50:42 – Where do you have real estate, and what areas are you interested in? 53:50 – How many properties have you owned at a single time? 57:59 – What are the best value markets right now? 61:11 – Sam and Johnny Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Rori Gordon attended the School of Hard Knocks. After high school Rori worked in several facilities as a bartender. She learned about operations and management at the various places she was employed. In 1980 Ms. Gordon was offered a position managing the Hollywood Motel. After two years the nightclub located at the Hollywood Motel became available for lease. Ms. Gordon started Rori Promotions. At the same time she signed a lease with the Motel owner for the nightclub space naming it Anvines. Anvines  became an overnight success and remained in operation from 1982 until 1989. In 1988 Rori Gordon decided to enlist the services of Billy Deans Entertainment. She ultimately hired Billy Deans Male Revue every Friday night at Anvines. The following summer Billy Deans “Foxy Boxing” was created with sold out shows for a 16 week booking. Ms. Gordon was at a crossroad in her career and had to make a decision.  In 1989 she sold her interest in Anvines and became partners in Billy Deans Entertainment. Promoting, touring and booking shows resulted in an unbeatable team. After 5 years of working in clubs all over the world Billy Dean and Rori Gordon wanted to put their feet down in one local location. This prompted the purchase of 1998 Billy Deans Showtime Café. Rori Gordon is the promoter and marketer. For many years she has been the bartender, food preparer for all events at the club and has even swept the floors. There is no task too small for this woman. Ms. Rori Gordon belongs to the club of the very few female gentlemen’s club owners in the world. She is active in ACE the Association of Club Executives, supports the Center for Constitutional Rights, and enjoys participating in charitable events for Cancer Care. She is a community advocate for rooting out corruption in the Town of Hempstead and Smithtown. She loves everything vintage. Rori collects Roseville Pottery, Vintage Luggage, Hammered Aluminum and Airline Memorabilia. Mid Century Modern is her new kick. Her style is eclectic.   Listen to ILAB 155 on iTunes here or subscribe on your favorite podcast app.     Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – South Carolina / IG @imsammarks Sponsor: Indeed  Support Invest Like a Boss: Join our Patreon Discussed: Billy Deans Special ILAB Listener Offer for Equity Estates through October 1st, 2020 Save up to $30,000 and delay your dues until you're ready to travel when you sign up Here Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 06:48 – Is it rare to be a female Gentlemans Club Owner?  09:19 – What are the pros and cons of buying a successful club or a club that needs work? 12:54 – Have you tried to calculate the lifetime value of a customer? 15:25 – Describe your clientele as it relates to girls and guys? 16:53 – Which is more profitable a dance club or a gentlemans club? 18:48 – What are your experiences with the strippers? 20:41 – How do the female clubs and male clubs compare? 22:19 – How does your income compare between bar sales and dances? 25:20 – What is the typical work schedule? 28:48 – How do you find a club for sale? 37:21 – Are there other options besides regular dances? 39:48 – What is the usual approach for girls to sell dances? 43:17 – Do club owners discuss strategies and other business? 45:16 – How do you handle pressure from the community? 50:12 – Is there anything you think you would have done differently? 51:23 – Are there any themes or marketing strategies that you use? 56:02 – Sam and Johnny Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Shaun Greer serves as VP of Sales and Marketing for Vacasa and is responsible for short-term-rental portfolio growth and real estate sales/compliance. He brings extensive experience in mergers and acquisitions, joint ventures and public and private partnerships to his role. Shaun has been with Vacasa since 2015 and has held several positions including Senior Director of Real Estate, Director of Corporate Development and Mergers and Acquisitions Manager. When not cultivating relationships within the vacation rental industry or building the Vacasa Real Estate network, he is enjoying time with his family and outdoor activities. Listen to ILAB 154 on iTunes here or subscribe on your favorite podcast app.     Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – South Carolina / IG @imsammarks Sponsor: Indeed  Support Invest Like a Boss: Join our Patreon Discussed: Vacasa Special ILAB Listener Offer for Equity Estates through October 1st, 2020 Save up to $30,000 and delay your dues until you're ready to travel when you sign up Here Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 13:44 – How did Vacasa get started?  16:18 – Do you manage the entire building or just the units? 19:00 – Do you handle all the taxes on behalf of the homeowner? 20:10 – What has been the demand change due to the effect of Covid? 23:22 – What has been the favourite type of destination? 26:35 – Where do you have the most listings? 27:46 – How often do owners use the property? 29:15 – What are the revenues for the various seasons? 32:19 – Do owners do monthly or daily rate rentals? 36:31 – What to expect, investment wise, on the different types of rentals? 42:36 – Are you investigating the ski seasons long term with climate change? 44:04 – What are the top ski markets? 46:30 – Sam and Johnny Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Stacey Morris is the Director of Research at Alerian, which equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Ms. Morris was previously the Investor Relations Manager for Alon USA Energy, overseeing investor communications for the corporation and its variable distribution MLP, Alon USA Partners. Prior to Alon, she covered the integrated majors and refiners at Raymond James as a Senior Associate in the firm’s Equity Research Division. Ms. Morris graduated summa cum laude with a Bachelor of Science in Business Administration from Stetson University and is a CFA charterholder. Listen to ILAB 153 on iTunes here or subscribe on your favorite podcast app.   Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor: Our Crowd  Support Invest Like a Boss: Join our Patreon Discussed: Alerian Special ILAB Listener Offer for Equity Estates through October 1st, 2020 Save up to $30,000 and delay your dues until you're ready to travel when you sign up Here Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 09:07 – Were you always interested in energy growing up and when did you first learn about MLP?  11:05 – What is a MLP?   13:04 – Do MLPs have a regulation or restriction on their distribution of profits? 14:15 – Are all energy companies MLPs? 16:55 – Can you explain a hypothetical situation to explain tax exemption? 24:11 – What are the variables that move the price of a MLP? 28:17 – What are some of the big MLP companies? 29:43 – What are the easiest ways to invest in MLPs? 34:16 - Are high yields common? 37:28 – Is now a good time to invest in MLPs? 41:09 - Derek’s Recap 45:58 - Sam and Johnny Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Philip Mekelburg, CEO and Fund Manager, Equity Estates. Philip has over 20 years of experience in business development, marketing, management and operations. After graduating from Cornell University, he worked as a corporate trainer and management consultant. His accomplishments include starting a fast-growing, new-to-market retail concept which he built up and sold within four years. The industry respected his novel approach and elected him president of their international association. Afterwards, Philip was hired as Director of Operations for a financial services firm where his work in channel sales garnered him praise, while expanding his knowledge and experience in marketing specialty finance products. He co-founded Equity Estates in 2006 and enjoys building a real estate portfolio that is also a smart investment that offers memorable experiences. Listen to ILAB 152 on iTunes here or subscribe on your favorite podcast app. Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor: Indeed Support Invest Like a Boss: Join our Patreon Discussed: Equity Estates Special ILAB Listener Offer for Equity Estates through October 1st, 2020 Save up to $30,000 and delay your dues until you're ready to travel when you sign up Here Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 06:23 – How did Equity Estates start?  12:40 – How would you describe Equity Estates?   16:12 – How does Equity Estates compare to a timeshare or secondary home? 21:28 – What are the general characteristics of the properties? 23:56 – Where are the properties usually located and how do you select? 25:06 – What are the requirements and minimum investment to invest? 27:29 – How does the concierge experience work? 33:05 – How do you manage the expenses of all the properties? 37:08 – How do the average investor utilise their time at the property? 40:57 – Patreon: Do you have investment opportunities for non-accredited investors? 45:00 - Patreon: How does your affiliate portfolio work on the business side? 46:26 - Can you discuss the different funds available? 48:07 - Can anyone invested in any fund can access any property? 48:49 - Patreon: Are you seeing any impact from Covid-19? 49:53 - What is your favourite property in the portfolio? 55:20 - Sam and Johnny Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Sam and Johnny talk about some of Sam’s investments in real estate, and the benefits and challenges with investing in properties overseas as opposed to properties in the US. Listen to ILAB 151 on iTunes here or subscribe on your favorite podcast app.     Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @i msammarks Sponsor: Indeed Support Invest Like a Boss: Join our Patreon Discussed: 6th Avenue Phuket Dusit Thani Sri Lanka Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 20:39 – Benefits of living and investing overseas?  32:11 – Sam’s Investments in real estate?   40:47  – Discussion on one of Sam’s Investments 6th Avenue Phuket 43:39 – Are their perks of owning these properties as long term living options for you? 49:24 – Johnny speaks about a possible investment for him 60:52 – Patreon Question: What are the pros and cons for Nomads using an Air BnB? If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Sally founded Worthy Financial to bring higher yielding alternative investments to the public. Her personal and company mission is an economic opportunity for all. She used newly updated securities regulations as part of the JOBS Act, to create a way for everyone to painlessly save while earning 5% on their money – and to do it while helping community businesses thrive.  With a focus on the JOBS Act, she works to help investors and business owners navigate the new capital opportunities that arose with these new laws. Sally is a seasoned entrepreneur having run her own businesses for the last 30 years. Her media and business ventures took her across the globe – including ten years of conducting business in Russia. More recently, she has been a contributor to and speaker for Entrepreneur Magazine, various universities, and business incubators on the topic of alternative finance and has been a repeated source on the topic of crowdfinance for national media outlets. She also authored the book “Cash from the Crowd” on how to successfully crowdfund which was published by Entrepreneur Press. Sally holds both a real estate broker license as well as a Series 65 license as a Registered Investment Adviser.  Listen to ILAB 150 on iTunes here or subscribe on your favorite podcast app. Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor:  Masterworks Use our exclusive Masterworks code BOSS at signup to skip the 70,000 person wait list and get first dibs Support Invest Like a Boss: Join our Patreon Discussed: Worthy Bonds (get 1 free bond with this link) Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 08:53 – What makes your investment “worthy”?  11:49 – Can you describe some of the assets you offer?   13:09 – How long has worthy bonds been around? 16:13 – What makes it a bond and not another kind of investment? 18:07 – Can you explain the 36 month term, if you can cashout or redeem at any time? 20:08 – How often does interest pay out? 21:52 – Who can invest in worthy bonds? 27:05 – How did you settle on a return on investment percentage? 32:46 – What is the lowest investment to start with worth bonds? 33:52 – Can I reinvest the interest I’ve earned on worth bonds? 37:22 - Can somebody buy bonds through their IRA or retirement account? 39:42 -  What is the “Worthy Roundup Programme”? 36:24 - What is the “Golden Egg” Promotion? 44:39 - Sam and Johnny Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Bill Perkins is the CEO of BrisaMax Holdings, a consulting services firm based in the US Virgin Islands. Called “The Last Cowboy” in a recent Wall Street Journal profile, after studying electrical engineering at the University of Iowa and training on Wall Street, Perkins moved to Houston to make a fortune as an energy trader.  In this episode, Bill will share the plan for optimizing your life, stage by stage, so you’re fully engaged and enjoying what you’ve worked and saved for. You’ll discover how to maximize your lifetime memorable moments with “experience bucketing,” how to convert your earnings into priceless memories by following your “net worth curve,” and find out how to navigate whether to invest in, or delay, a meaningful adventure based on your “spend curve” and “personal interest rate.” Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – Colorado / IG @imsammarks Bill Perkins - Capri, Italy / IG @billperkins Sponsor: Support the Show: Join our Patreon Discussed: "Die With Zero" Official Site: Diewithzerobook.com Buy "Die With Zero on Amazon: Amazon.com/Die-Zero-Getting-Your-Money Facebook: Facebook.com/Die-With-Zero Twitter: Twitter.com/bp22 Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 01:24 - Sam & Johnny FD’s episode introduction 08:08 - How to get 50% OFF your travel expenses 18:26 - “It’s about maximizing your life, fulfillment, memories that you’re going to create for yourself and retire on” - Bill Perkins 19:01 - Should you pass down massive cash to your kids? 30:07 - Ways to balance your lifestyle with the money in and out 32:58 - Switch to a more spending and abundance mindset 33:28 - “Shift the fear of running out of money to not living life” - Bill Perkins 34:48 - Does the 4% rule still work? 40:11 - Sailing the world with Dan Bilzerian 48:41 - Investing based rapid-fire questions 58:00 - Sam & Johnny FD’s episode wrap up and key takeaways If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2020. All rights reserved. Read our disclaimer here.  
Sam and Johnny sit down to review our investments, talk about our new trades, buys, sells, holds, what we thought of the quarter and what we plan to do going forward into the next few months. This and all quarterly updates going forward will be Patreon only exclusives, and will be in video format so we can more easily share our screens and account dashboards. Watch the full 2 hour video update and breakdown by becoming a Patreon supporter and support the show!    Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor: Support Invest Like a Boss: Join our Patreon Discussed: Too many to list. We review our entire portfolios.  Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan WorthyBonds - Get 1 free bond when you sign up (non-accredited investors OK) *Johnny or Sam invest in all of the above services personally.   If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2020. All rights reserved. Read our disclaimer here.
MEET YOUR FAVORITE LUSCIOUS BABE COACH, LAUREN ALLEN A semi-retired stripper turned Super CEO, this bitch has seen it all. Sex, Psychedelics, Music Festivals, and an abusive relationship sent this queen on a journey of exploration and self-discovery at 18. Hella mistakes, alcoholism, and a ballsy jump into the strip club a year later catapulted her to become her very first mindset client. Her intuitive approach to the hustle, soulful sales strategy, humor, and trauma-informed mindset work makes her a sexy + well-rounded coach whether you're 9-5 or shakin' that ass. You can expect a Sailor Levels of cursing, lots of laughs, brilliant brainstorming, and a business bestie that will hype you up as you bust through your own bullshit. Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor: Support Invest Like a Boss: Join our Patreon Discussed: Luscious Lifestyle by Lauren Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 08:46 – Why do you think guys go to strip clubs? 11:34 – How did you get into the industry? 13:41 – What are the different ways to make money in the clubs? 14:55 – Does the house get a cut, or how does it work? 16:52 – “...there is no way of knowing who has what[money]..” - Lauren Allen 19:30 – What cities have you danced in? 21:18 – “This whole industry is not regulated at all” - Lauren Allen 23:15 – Have you ever tried webcamming? 25:16 – What’s the most, and what’s the least you ever made in one night? 29:48 – What are the other side business strippers have? 30:32 - Do you have savings or investments? 34:39 - Do you go through any training to become a dancer? 36:24 - What is the typical lifespan of a stripper? 40:31 - Flip Switch Question: What do you recommend a stripper do with her income? - Lauren Allen 42:43 - Is a breast enhancement a good investment? 44:27 - Have you ever been paid in anything other than money? 45:41 - Do you have a shift schedule? 47:01 - Do you have an idea of how much the strip club owners make? 50:25 - Sam and Johnny Recap 68:42 - Derek’s Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2020. All rights reserved. Read our disclaimer here.
LAURIE SHAW Laurie Shaw is the COO of Coffee Beanery.  In addition, she manages gift sets, fundraising, franchising, & wholesale.   As a mother of 6 children, she is a multi-tasker and has no problem delegating tasks (sometimes even to her grown children).  Feeling blessed to have such a positive and “can do” group of people to work with…. up for any task even rebuilding a store in 9 days.  It was said it couldn’t be done but with our amazing team (and not a lot of sleep)…it was accomplished!!  A nerd at heart, she loves reading and learning about virtually any subject. Favorite Coffee: Iced Fudge Ripple  Favorite thing about working at Coffee Beanery: The people and their passion for the company as well as being able to work with my family Bucket List:  Traveling with her husband…I love learning about history and cultures and of course, eating different kinds of food    KEVIN SHAW 1970….Kevin started fixing coffee machines in the kitchen at the age of 6, he had to stand on a milk crate because like most 6-year-olds he was short. After successfully extricating himself from Fenton public school system in 1982 he had a brief encounter at Central Michigan University cementing his entrepreneurial direction, where he started several successful seasonal businesses.  He formally joined the family business (1986) as a manager of the Ren Cen store in Detroit and soon after moved back to corporate to develop the roasting, flavoring and packaging processes that have evolved into what you see today.  1989 started selling franchises,  The glass is always half full…..if you aren’t laughing within minutes of meeting him give him more coffee and wait. He was born in the wrong century “should have been a cowboy” or better yet John Wayne’s sidekick. Favorite coffee: Hawaiian Kona    Favorite thing about working at Coffee Beanery:  Getting to work with my family and make people laugh  Bucket List: Going to carnival in Brazil   In this episode, Laurie and Kevin are taking us behind the scenes of their coffee franchise, Coffee Beanery. Coffee shops are bouncing back like crazy right now. But what does it actually look like behind the scenes to run a coffee shop? How many cups of coffee do they need to sell to be profitable? What is it like to run a coffee shop and what is the earning potential? It doesn’t cost that much to make coffee, but when you factor in staff, rent, and utilities, how profitable is this, especially with people who treat coffee shops like coworking spaces, buying one cup of coffee, and then sitting there for hours.    Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor: Support the Show: Join our Patreon Sponsor: Boardwalk Wealth Discussed: Coffee Beanery - https://www.coffeebeanery.com/ Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 20:26 - Consumptions patterns for coffee globally over the past few decades  25:02 - “People like going places that are more special and unique.” - Laurie Shaw 26:47 - The economics of owning a coffee shop  29:10 - Different products they sell and the revenue each product brings in  29:44 - How Coffee Beanery has responded to the rise of remote work and coffee shops becoming like coworking spaces  31:00 - The online order environment in the coffee business  33:22 - Where do their coffee beans come from?  37:01 - “People do business with people they like, and they will take an inferior product if they get an excellent experience.” - Laurie Shaw  40:50 - The cost and profit of a cup of coffee  41:35 - When and how Coffee Beanery moved towards the franchised model  44:43 - The requirements of becoming a franchise owner  55:00 - How Coffee Beanery creates customer loyalty  58:20 - The stats behind Coffee Beanery and other big coffee companies If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Scott Lynn is the Founder and CEO of Masterworks, the first company to allow investors to buy shares representing ownership of great masterpieces by artists like Warhol, Monet, and Banksy. Scott has been an active collector of contemporary art for more than fifteen years and has built an internationally-recognized collection of Abstract Expressionism that has included works by Clyfford Still, Barnett Newman, Mark Rothko, Willem de Kooning, and more. In addition to Masterworks, Scott serves on the board of v2 ventures (Adparlor, Giant Media, Reachmobi, Amply, and Sellozo), Payability, and the Brooklyn Rail (a non-profit publication in the art industry). In this episode, Scott is discussing art as an investment class and compares it to other regular investments and how the regular person can get involved. After listening, you will better understand Art as an asset class and information on the company Masterworks! Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor: Support Invest Like a Boss: Join our Patreon Discussed: Masterworks Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 08:24 – Are you passionate about art as a collector or have you primarily looked at it as an investor? 10:59 – Do you see a flood of money going into art presently? 13:07 – “last year approximate 6.8 Billion in art sold” - Scott Lynn 15:10 – When you buy a “Blue Chip” piece, where are they held or displayed? 16:04 – What makes a piece of art “Blue Chip”? 17:13 – “You do see a correlation between an artist passing away and prices going up, but it's not because the artist passes away, its because the artist is no longer producing work” - Scott Lynn 20:10 – How does the whole buying and procurement process happen? 24:18 – What’s the average price of a piece on Masterworks? 26:53 – What’s the typical length of time that your money is invested in these paintings? 28:56 – Q&A from ILAB community 35:07 - Derek’s Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2020. All rights reserved. Read our disclaimer here.
Laurie Shaw is the COO of Coffee Beanery, the best provider of 100% Arabica Specialty coffee with 40+ Flavored Coffees offered in Decaf Swiss Water Process. In addition, she manages gift sets, fundraising, franchising, & wholesale. Kevin Shaw, the Director of Franchise Sales, joined the family business as a manager of the Ren Cen store in Detroit and soon after moved back to corporate to develop the roasting, flavoring and packaging processes that have evolved into what you see today. In this episode, Laurie and Kevin are taking us behind the scenes of their franchise to share what it’s like to run a coffee shop. Learn about the epic risks and big rewards of opening a coffee shop including the earning potential. After listening, you will understand the economics of owning a coffee shop and the vital steps in making it your next financial success! Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor: Support the Show: Join our Patreon Discussed: Coffeebeanery.com Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 20:26 - Consumption patterns for coffee globally over the past few decades  25:02 - “People like going places that are more special and unique.” - Laurie Shaw 26:47 - The economics of owning a coffee shop  29:10 - Different products they sell and the revenue each product brings in  29:44 - How Coffee Beanery has responded to the rise of remote work and coffee shops becoming like coworking spaces  31:00 - The online order environment in the coffee business  33:22 - Where do their coffee beans come from?  37:01 - “People do business with people they like, and they will take an inferior product if they get an excellent experience.”- Laurie Shaw  40:50 - The cost and profit of a cup of coffee  41:35 - When and how Coffee Beanery moved towards the franchised model  44:43 - The requirements of becoming a franchise owner  55:00 - How Coffee Beanery creates customer loyalty  58:20 - The stats behind Coffee Beanery and other big coffee companies If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.  
Blake Hutchison is an accomplished entrepreneur and the CEO of Flippa, a marketplace for buying and selling online businesses, based in Melbourne, Australia, and San Francisco. Prior to Flippa, Blake was the general manager and chief revenue officer of Luxury Escapes and head of strategic partnerships at Xero. Blake was also the founder of GOOD44, a venture capital-backed specialty food marketplace helping small business owners target a new customer base. In this episode, Blake will share his experience with buying and selling domains including other digital assets. Find out how to successfully invest in this space and what you need to know before buying a new website. Listen to the end to learn about new online business opportunities. Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Blake Hutchison - Melbourne /IG @blakenow Discussed: Flippa.com Sponsor: Support the Show: Join our Patreon Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 01:03 - Adjusting to the stay-at-home recommendations 10:30 - A background and introduction to Blakes Flippa organization 19:55 - Flippa's buying and selling process 29:50 - The process of buying any digital business 32:08 - “The reality is that digital assets is where people will look to spend their time.” - Blake Hutchison  40:08 - Thoughts on Amazon Affiliates lowering their commissions and how you can adjust for this 50:08 - Some of the top sites to buy right now 1:11:11 - “It’s less about how many views your listing had, it’s more about pinpoint matching.” - Blake Hutchison 1:12:47 - Getting sale notifications through Shopify stores 1:19:08 - Discussing massive new online business opportunities If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Ryan Serhant is an American real estate broker, bestselling author, producer, and star of Bravo’s two-time Emmy Nominated reality television series, Million Dollar Listing New York, and its spin-off, Sell It Like Serhant. Ryan is also the leading member of The Serhant Team—an NYC-based, bi-coastal real estate group that has consistently ranked as the #1 sales team in New York and among the top five teams nationwide. In this episode, Ryan Serhant will share an inside look into selling a billion-dollar per year of luxury real estate. Get insight into how high-end private deals are created including buyer and seller fee structures. In the end, you’ll hear about the ways Sam and Johnny FD are maintaining personal and professional success during this pandemic. Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor: Support the Show: Join our Patreon Sponsor: Boardwalk Wealth Discussed: ILAB 105 – Cap Rates – Understanding Real Estate Yields and Valuations ILAB 125: Vetting Real Estate Deals Terms, with Omar Khan Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 02:23 - Quarantine update and personal insight 13:41 - Transitioning into the NYC real estate market 18:18 - Analyzing the buyer and seller fee structures 22:13 - Do you need an agent or broker to close deals 23:19 - “Hang out with people that have similar interests as you and are in your same wealth group” - Ryan Serhant 25:09 - Buying your first home after a large windfall 28:09 - Options for those with homes that won't sell 29:09 - “The average days on market for a property $20 million and above is 2 years” - Ryan Serhant 36:24 - Ryans future dreams and business goals 45:25 - Properly recovering & adjusting during the pandemic 51:52 - Final thoughts, key takeaways, and reading iTunes reviews If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Sam Marks and Johnny FD are self-made entrepreneurs who invest their own money and use modern technology to invest like a boss. During this episode, Sam and Johnny FD provide their perspectives on managing investments at different wealth levels as the COVID-19 pandemic progresses. They’ll share an update on how their portfolios have been performing over the last quarter. Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Sponsor: Support the Show: Join our Patreon Sponsor: Boardwalk Wealth Discussed: Book: Unshakeable Book Book: Simple Path to Wealth Interactive Brokers Johnny's Investing 101 Blog Post ILAB 125: Vetting Real Estate Deals Terms, with Omar Khan ILAB 112: FIRE – Financial Independence, Retire Early Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 05:37 - Investing in individual stocks vs investing in index funds 10:15 - "You are not investing in stocks to make 10x, you are investing in stocks to make 8% over the next 20-30 years."  - Sam Marks 10:23 - Understanding investment fees 15:05 - Creating an emergency saving fund before investing 21:45 - Books to read before investing 25:00 - How much money should you invest 27:00 - "If you put the money all at once and the market is going down, you are losing in total value, but if you are putting money each month, you are actually buying when it's going down and it's gonna benefit you in the long-run." - Sam Marks 30:22 - Index funds to choose for first-time investing 35:00 - Advice for investors outside of the USA 40:00 - Situation with stocks right now 43:43 - "And the reason why we know the economy is going to recover, it's because it always has." - Johnny FD 47:58 - Stocks vs bonds 50:00 - Taxable and Non-Taxable accounts in the USA 55:46 - Websites where you can invest   If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Joe Magnotti is the CEO of Empire Flippers, an Inc. 5000 company and the #1 curated marketplace for buying and selling established, profitable online businesses. Joe has a background in engineering and spent the 90’s at a startup in San Francisco before moving onto the mortgage business. Now Joe spends the majority of his time in Manila, Philippines.  In this episode, we will discuss the 2020 trends for buying and selling online businesses. Expect to hear predictions of where this industry is headed including ways to navigate businesses during the COVID-19 crises. Whether you are buying a business and want to grow it, or you want to sell your business for maximum value, you’ll discover insight to help achieve that goal. Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – North Carolina / IG @imsammarks Joe Magnotti – Manila, Philippines Sponsor: Support Invest Like a Boss: Join our Patreon Sponsor: Automation Finance Discussed: Empire Flippers State of Industry -  Trends Report ILAB 10 – Empire Flipper’s CEO: Investing in profitable, cash flow websites Recommended: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny FD and Sam use all of the above services personally. Time Stamps: 02:09 - Discussing business and personal goals during the quarantine 10:23 - The silver lining to the COVID-19 pandemic 18:46 - The upside to a remote office structured company 21:38 - “For me, I love it, I’d never want to go back to an office if I can avoid it” - Joe Magnotti 25:44 - Economy insight & current digital trend in the Philippines 28:51 - What is an Inc 5000 company? 29:58 - What is Empire Flippers and how does it work? 37:19 - 2019-2020 Trends for buying and selling online businesses 40:46 - Amazon FBA business tools and techniques 42:21 - “If you have a physical product business and you’re not on Amazon, you’re doing yourself a disservice” - Joe Magnotti 44:43 - Selling distressed assets along the economic COVID-19 cycle 55:02 - How the international supply chain is affecting businesses 58:17 - The easiest online business to buy and manage 1:06:05 - Should you buy an Amazon-based business? 1:10:13 - Analyzing 2019 trends for buying & selling online businesses 1:17:46 - Appreciating our podcast listeners!   If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.  
John McAfee is a US computer programmer, businessman and fugitive millionaire, who is well known for his antivirus software company McAfee. John McAfee is wanted in the US for various crimes and he is in hiding. In this episode, Sam and Johnny FD, talk with John McAfee about his life in hiding, his view on coronavirus pandemic and his predictions about cryptocurrency future. Hear John McAfee tells stories from the early days of McAfee antivirus company and how he escaped jail in Guatemala. Listen to the episode till the end to learn what Sam & Johnny FD predict about the future of the economy after the coronavirus outbreak is over. Where we are: Johnny FD - Sri Lanka Sam Marks - Charlotte John McAfee - Undisclosed Location Discussed: Automation Finance Patreon Unshakeable Book Simple Path to Wealth Interactive Brokers Recommended: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free PeerStreet – Get a 1% yield bump on your first loan Wealthfront – get your first $15,000 managed free Time Stamps: 00:30 - INTRO: Quarantine update from Sri Lanka and North Carolina 13:45 - Conversation with John McAfee 17:30 - What is a success: a point of view from John McAfee 24:33 - Stories from McAfee company's early days 31:30 - The most exciting chapter of John McAfee's life 34:00 - John McAfee's opinion on coronavirus 36:00 - John McAfee's predictions on cryptocurrency 37:20 - OUTRO: Discussing John McAfee's interview, world economy future after COVID-19 and cryptocurrency potential If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.  
People across the world are shaken by the rapid spread of the coronavirus. Stocks are plunging and the economy crash feels inevitable. And as bad as news seems to every person this situation might have some new opportunities for everyone to finally start investing. In this episode, Sam and Johnny, who are long term investors, discuss the current situation with the market. They explain why this might be the best time to look into investing. They explain the basics of investing for beginners, give advice on what stocks to look into, how to avoid typical mistakes and what books to read about the topic. Learn why investing in index funds the safest way and how to balance your stock portfolio. Where we are: Johnny FD - Sri Lanka Sam Marks - North Carolina Discussed: Patreon Automation Finance Unshakeable Book Simple Path to Wealth Interactive Brokers Recommended: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free PeerStreet – Get a 1% yield bump on your first loan Wealthfront – get your first $15,000 managed free Vanguard - Open an Online Account Time Stamps: 05:37 - Investing in individual stocks vs investing in index funds 10:15 - "You are not investing in stocks to make 10x, you are investing in stocks to make 8% over the next 20-30 years."  - Sam Marks 10:23 - Understanding investment fees 15:05 - Creating an emergency saving fund before investing 21:45 - Books to read before investing 25:00 - How much money should you invest 27:00 - "If you put the money all at once and the market is going down, you are losing in total value, but if you are putting money each month, you are actually buying when it's going down and it's gonna benefit you in the long-run." - Sam Marks 30:22 - Index funds to choose for first-time investing 35:00 - Advice for investors outside of the USA 40:00 - Situation with stocks right now 43:43 - "And the reason why we know the economy is going to recover, it's because it always has." - Johnny FD 47:58 - Stocks vs bonds 50:00 - Taxable and Non-Taxable accounts in the USA 55:46 - Websites where you can invest If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.  
Nicholas Shaxson is a renowned financial journalist from Germany who authored the book, The Finance Curse: How global finance is making us all poorer. He is a journalist, campaigner, and world expert on both tax havens and financial centers, as well as the resource curse. His writing has appeared in Vanity Fair, the Financial Times, the Economist, the Economist Intelligence Unit, and many others. On this episode, Nick talks about his take on the issues in the economy based on his experiences. He shares his insights about the schemes in the business industry which poses a great danger to the economy and democracy. During the discussion, he delves into the paradox of financialization to a country and enlightens the listeners to the idea of monopoly and imbalance to the business. This episode reveals the problems that an investor may encounter in the business industry. Where we are: Johnny FD - Sri Lanka Sam Marks - North Carolina Links: Book - The Finance Curse by Nicholas Shaxson Sponsor: AutomationFinance.com/Boss Time Stamps: 07:44 - How Nick conceptualized ideas for his book 13:51 – What are the impacts of the financial curse to a country? 16:18 – Understanding the financialization of an economy 19:23 – How monopoly is related to the corporate imbalance 24:41 – The harms that tax haven bring to a country/state 28:09 – Downsides of investing to a private equity 30:17 – “Private equity is a profitable business but the problem is that they make very high internal returns” – Nicholas Shaxson 35:30 – Difference in banking system between the UK and USA 38:15 – How powerful people control the market and the economy of the country 40:25 – Most corrupt and rotten banks in the history 44:15 – “I’m a strong believer that tax havens have been a very negative problem for the world economy; and similarly, finance being too big is something that I would like to change” - Nicholas Shaxson 50:53 – The problem of a growing company If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Andrew Henderson is a lifelong entrepreneur and the world’s most sought-after expert on offshore strategies and global citizenship. He coordinates Nomad Capitalist’s global strategy, R&D, and media efforts as part of his mission to help millions of people go where they’re treated best. Andrew has spent the last twelve years personally studying and applying the principles of Nomad Capitalist. In this episode, you will learn how to go offshore, keep more of your wealth, and enjoy an unprecedented level of global freedom. Find out what you need to consider when renouncing your US citizenship including insight into the best passport to obtain as a digital nomad and international investor. After listening to this in-depth conversation, you’ll understand why you need to ultimately go where you’re treated best! Links: NomadCapitalist.com Where We Are: Johnny FD - Weligama, Sri Lanka Sam Marks - Bodrum, Turkey Andrew Henderson - Kuala Lumpur, Malaysia Discussed: Indeed (Get a $50 credit to sponsor your first job on Indeed) Patreon.com/investlikeaboss Recommended: ArtofFX– Start with just a $10,000 account (reduced from $25,000) Fundrise– Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment– Get up to 1 year managed free PeerStreet– Get a 1% yield bump on your first loan Wealthfront– get your first $15,000 managed free Time Stamps: 02:10 - Traveling Turkey and other non-popular locations 08:45 - Does the USA treat you the best? 11:17 - What to consider when renouncing your US citizenship 18:15 - Obtaining additional citizenships by investments 18:53 - “I gave up my US citizenship in late 2017, I don't know that the United States is the best place.” - Andrew Henderson 21:47 - Best countries for visa-free travel 25:57 - Countries that provide citizenship through a straight forward investment 31:56 - The golden visa in popular countries 38:31 - The truth behind Diplomatic passports & immunity 42:57 - Will it be easier to move around internationally in the future? 44:34 - Nomad capitalist: An inside look 44:55 - “The first thing I think everyone should do is have a plan. Cover your finances, lifestyle residence and citizenship, and your investments.” - Andrew Henderson 47:15 - Benefits to the Thai Elite Visa from Thailand 48:03 - Should more countries offer better visa programs 50:54 - The best passport to have as a digital nomad 57:22 - Lessons learned from attempting to hold the ultimate travel documents 1:03:24 - Thank you Patrons and Apple Podcast reviewers! If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2020. All rights reserved. Read our disclaimer here.
Kylon Gienger is the president of KingMakers, an investment fund and accelerator for small business buyers. He founded and operated multiple business investments in the construction, food service, fitness, real estate, online education, and digital marketing industries. On this episode, Kylon talks about investing in small businesses that would potentially grow to a million-dollar business, with the help of his company, the KingMakers. He explains some key points in strategically building industry by starting with leverage and having a partnership to successfully pay the loan and gain the profit. There are more ideas and lessons to learn here, so listen in! Where we are: Johnny FD - Sri Lanka Sam Marks - Barcelona Links: Website: KingMakers.co New Site: Acquira.com Patreon: Patreon.com/InvestLikeABoss Sponsor: DiversyFund.com – Use coupon code BOSS20 Time Stamps: 06:01 – The idea of building over buying a business 09:22 – The start of KingMakers 12:00 – Taking business commission by website’s affiliate links 19:41 – Buying businesses and growth plans 24:48 – How an investor creates profit in buying a business by a leverage 28:57 – “Turn the profit knob and start earning those dollars back eventually and exit for a lot more than you paid for” - Kylon Gienger 30:51 – Kylon explains the minority and majority share to a business 33:50 – “When working with a business partner, you want to make sure that you work well together” - Kylon Gienger 34:58 – Managing and analyzing the business for the best quality 40:57 – Reinvesting in dying businesses and earning profit from it 43:42 – How business partnership operates 49:50 - Eliminating failures in the business 52:29 – The best ways to manage the business If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2019. All rights reserved. Read our disclaimer here.
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Podcast Details

Created by
Sam Marks Johnny FD
Podcast Status
Active
Started
Jun 13th, 2016
Latest Episode
Oct 23rd, 2020
Release Period
Weekly
Episodes
162
Avg. Episode Length
About 1 hour
Explicit
No
Order
Episodic

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