Justin Donald - Investing For Cashflow And Covering Your Monthly Expenses
Today we’re chatting with Justin Donald who has a podcast of his own, has authored the book The Lifestyle Investor, and he’s got a great way of thinking, as a lot of people are really good at making money, but Justin makes you consider what to do with it. He’s got a cool paradigm shift in regards to what you do with both your money and time.
You’ll learn all about how Justin has been able to create his investment lifestyle where not only are his monthly bills being met, but he is able to compound upon that income and use any excess to invest in some well thought out deals which are not run of the mill but also not high risk. He talks about what to do if you are just starting out with no assets, how to get your original principal back quickly, and well as his commandments for investing which had us nodding along. When you’re done, get some more financial advice from our conversations with Danielle Town and Markian Sich
“Lifestyle investing is living life on your terms, and investing in a way that provides an income based on assets that you own or unique investments so that you don’t have to work, you get to work.” - Justin Donald
Some Topics We Discussed Include:
- Using leverage and applying it to investment opportunities
- You don’t need hundreds of thousands of dollars to invest in real estate
- Breaking free from the golden handcuffs
- How to set yourself up to invest with as little as $1,000
- The beauty of other people’s money
- Recourse vs. Non-recourse loans
- Frictionless transitions
- Carving off thinking time
- Ways to get your principal back quickly that most people don’t consider
Resources From Justin Donald:
References and Links Mentioned:
- The Road Less Stupid by Keith Cunningham
- Love Justice International
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- How To Make Stock Investing “Not Scary” - Danielle Town
- How To Create Passive Income From Real Estate - Markian Sich