Invest Like a Boss

We pull Sam's recent interview from Justin Donald's "Lifestyle Investor Podcast" for our bosses to hear in case they missed it. Sam and Derek provide intro/outro duties to help set up the interview and elaborate further on Sam's journey to a $100M exit with his company at the end of the show. 

Entrepreneur Magazine calls Justin Donald “The Warren Buffett of Lifestyle Investing.”

Imagine being able to earn passive income, long-term equity, and achieve financial freedom while gaining total freedom from your business or a job. That’s what Lifestyle Investing is all about.

Justin Donald has mastered the low-risk cash flow investment principles he shares with entrepreneurs around the world. His alternative investing principles center on creating passive income and significant wealth while liberating yourself from a day-to-day job so you never run out of money.

His innovative mindset principles and 10 commandments of Lifestyle Investing have released scores of entrepreneurs from the “golden handcuffs” that came with running life-consuming enterprises.

This show focuses on showing today’s entrepreneurs and business executives how to think and invest to limit risk, maximize repeatable returns, and achieve retirement goals through his proven passive income cash flow strategies.

Justin’s principles enable you to move from an “earned income” career to support your lifestyle with passive cash flow investments including real estate, operating companies, debt, equity, and franchises that give you the absolute freedom to live the life you truly desire.

Interviews with top thought leaders, such as, John Lee Dumas, Ryan Levesque, Hal Elrod, Jon Vroman, Mike Koenigs, Phillip Stutts, Rob Dial, John Ruhlin, Brad Johnson, Robert Glazer, Mike Michalowicz, Geoff Woods, Steve Sims, and many more!

Listen to ILAB 232 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Poland / IG @johnnyfdj
• Sam Marks – Barcelona / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Indeed
  Receive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB 
• Support Invest Like a Boss: Join our Patreon

Discussed:

• The Lifestyle Investor Podcast
• Justindonald.com
• 204: "The Lifestyle Investor" Justin Donald - Invest Like a Boss

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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 07:57 – Can you tell us some of your “setbacks” at college?
• 12:57 – Tell us about your travels internationally?
• 14:10 – Did you move to the UK because of business opportunities?
• 19:38 – Can you tell us about selling your company for $100M?
• 22:48 – Can you explain the highs and lows about the experience?
• 27:19 – When did you pivot to the podcast?
• 33:32 – What are the lessons you learnt in the transition?
• 39:53 – How have you merged your investing into a lifestyle?
• 51:00 – Derek and Sam review

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 2022. All rights reserved. Read our disclaimer here.

Derek interviews European Watch Company representative Joshua Ganjei about the explosion of interest in trading and investing in luxury watches. Joshua breaks down watch culture, what the market looks like, what brands/models are hot and which watches are the most sought after today. Then Derek and Johnny share their experiences with high end watches and how they're looking to get in on this opportunity. 

Established in 1993, European Watch Company is one of the premier watch dealers in the world. This family business strives to treat you like family. European Watch Company offers seamless and trusted watch buying, selling and trading services globally. The 5- Star reputation, and the curated selection of the finest timepieces in the world is what sets this business apart. The in stock inventory listed on the website is always up to date, and is ready to be shipped globally to your door. Download the iOS app from the App Store to see a continuously updated inventory of the finest watches in the world.

Listen to ILAB 231 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Poland / IG @johnnyfdj
• Sam Marks – Barcelona / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Netsuite
  Join the #1 Cloud Financial System now at NetSuite.com/ILAB and receive a special one-of-a-kind financing offer. 
• Support Invest Like a Boss: Join our Patreon

Discussed:

• European Watch Co (@europeanwatchco)
• European Watch Company
• European Watch Co: buy or sell on the App Store

Johnny’s new ‘luxury’ watch mentioned in the episode

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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 10:23 – How did you get involved in the business?
• 16:33 – Can you tell us more about your business?
• 18:33 – Is your business mainly local or international?
• 21:05 – How has the interest in the industry increased over time?
• 27:35 – What is the average type of collector?
• 31:10 – Do you have a suggestion for a “starter” watch for a collector?
• 35:51 – Are the collectors more interested in the older models or the newer models?
• 39:34 – Are watch companies doing collaborations?
• 42:16 – How do you ensure authenticity?
• 45:05 – Any recommendations for keeping the quality of the watch?
• 47:30 – Is there a way to buy one at a retail place?
• 49:05 – Patreon Question: How much for a Rolex day date?
• 51:07 – Patreon Question: How has smart watches affected traditional watches
• 53:00 – Patreon Question: What's the best way to appraise a watch?
• 54:10 – Patreon Question: How much higher can the Rolex Royal Oaks keep going?
• 55:42 – Patreon Question: What are your thoughts on a non-swiss brand?
• 57:33 – What are your favorite watches in your collection?
• 63:17 – Derek and Johnny review

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 2022. All rights reserved. Read our disclaimer here.

Johnny and Derek discuss in long form what's happening on the ground in Ukraine. Johnny crosses back over the border and breaks down what everyday life looks like now since the war with Russia has begun. They discuss the different regions of Ukraine, where Russia has attacked, what's still open, how people are maintaining "normal" lives during wartime & more. Johnny also gives an update on the state of his properties in Ukraine plus what his plan is going forward in Ukraine.  

Listen to ILAB 230 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Poland / IG @johnnyfdj
• Sam Marks – Barcelona / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Indeed
  Receive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB
• Support Invest Like a Boss: Join our Patreon

Discussed:

• Johnny, Sam & Derek have donated $1,000 to Ostrovok, a school for Ukrainian refugees. You can learn more about them and donate yourself 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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 05:00 – Can you describe Ukraine?
• 07:42 – Why are certain cities or regions of Ukraine important to Russia?
• 19:15 – How did you get back into Ukraine?
• 23:00 – Tell us about the project you have raised money for through Go Fund Me
• 27:46 – How has the war affected the currency of Ukraine?
• 30:35 – What is it like for the operation of businesses?
• 34:54 – Tell us about Kiev
• 41:43 – How many people would you say are still in Kiev?
• 48:46 – Can you give us an update on your properties in Kiev?
• 51:01 – Is there a lot of looting happening in Kiev?
• 56:33 – What do you see the future of Ukraine is?

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 2022. All rights reserved. Read our disclaimer here.

A follow-up to ILAB Episode 228, Sam shares his personal experiences at Bordeaux's famed "En Primeurs" week. He went along with Julien Angevin, who is the curator for Volume Wine Vault. They tell us about the experience tasting, investing and the attitudes that these vineyards carry toward pure wine investors. 

Listen to ILAB 229 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Barcelona / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Composer
  Composer allows you to build a portfolio of hedge fund-like strategies using quantum mathematics. Get started FREE today at composer.trade/boss
• Support Invest Like a Boss: Join our Patreon

Discussed:

• Sam's Wine Portfolio (Patreon Exclusive)
• Volume Wine Vault
• LinkedIn: Julien Angevin

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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 03:35 – How did Sam meet Julien in Bordeaux?
• 09:45 – Sam’s first experience with burgundy wines
• 17:30 – What happened on the 1st day of “En Primeurs” day?
• 30:49 – The experience of tasting at Joannne’s
• 40:52 – Discuss the rest of the day after Joanne’s
• 50:08 – Can you explain the pricing?
• 56:00 – How has Julien helped Sam acquire some of the top 25 wines?
• 62:00 – Do you have competitors?
• 68:00 – Sam Outro

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 2022. All rights reserved. Read our disclaimer here.

Sam interviews Cult Wines CEO Tom Gearing for the second time (first appearance ILAB 161), to get a more specialized look at the most important wine region in the world. Bordeaux, France has an annual wine futures purchasing period called "En Primeur" and Tom explains how to get involved in this and find the best values for future wine profits. Then Sam and Derek talk about their thoughts on wine and how we've progressively covered this subject on ILAB. Sam also teases that he will give a first hand telling of his experience at En Primeur in the next episode as Sam actually attended the event and was able to sample over 100 wines from the barrel.

Listen to ILAB 228 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Barcelona / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Indeed
  Receive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB
• Support Invest Like a Boss: Join our Patreon

Discussed:

• Cult Wines
• Wine Investment
• Patreon ILAB Cult Wines Promo Link
• ILAB 161: Cult Wines - Tom Gearing - Invest Like a Boss

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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 13:10 – Is this “En Primeur” 2021 or 2022?
• 14:10 – Is this event unique to bordeaux?
• 16:17 – What happens at “En Primeur” week?
• 19:18 – Who can go or would you expect to see at the event?
• 20:50 – Are all the local growers participating?
• 25:35 – How much of the chateau’s production is sold at “En Primeur”?
• 28:33 – How does the tasting and buying work?
• 34:20 – Does the release price change every year?
• 39:52 – Can anyone attend the event?
• 42:25 – Historically, has allocation yielded a positive return?
• 47:35 – Is there a plan to how much of Cult Wines purchasing is allocated to “En Primeur”?
• 52:57 – Patreon question: Are you working with Blockchain technology to track wines?
• 54:11 – Patreon question: Is there a solution to being denied cards even with a high enough credit score?
• 57:45 – Any wines you are particularly interested in?
• 60:04 – Sam and Derek review

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 2022. All rights reserved. Read our disclaimer here.

Derek interviews Mile Method's Trevor Wright to talk about his secrets of flying around the World for (almost) FREE. Trevor has flown to 133 countries for an average of $16/flight! Johnny also hops on the intro and outro to tell us about his place in Kyiv, which is where he's recording this episode from. Derek and Johnny talk about their experiences with points, flying and whether chasing the points game has paid off or not for each of them. 

North Dakota-born, Nebraska-raised, Trevor's globetrotting has spanned the spectrum from study abroad student to broke backpacker to luxury traveler. He has averaged $16 per flight to 133 countries while staying free in some of the world's most prestigious hotels. In 2014 Trevor started MileMethod, a 1-on-1 service that earns US clients enough miles/points via credit card signup bonuses to visit their Top 3 Destinations at 95%+ discounts.

Listen to ILAB 227 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Thailand / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• NOVO
  Sign up for your FREE business checking account RIGHT NOW at Novo.co/ILAB. Plus, Invest Like A Boss listeners get access to over $5,000 in perks and discounts.
• Support Invest Like a Boss: Join our Patreon

Discussed:

• MileMethod
• IG : @milemethod

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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 14:09 – How did you get started using the points programme?
• 16:43 – How do points programmes actually work?
• 21:57 – What airlines have you found to be the most generous?
• 24:44 – How have the airlines made adjustments to affect their bottom line as a result of Covid-19 pandemic?
• 26:51 – How do you find the best sign up offer for a card?
• 28:35 – What do you think about the other sites which use affiliate links?
• 32:10 – How does signing up for the cards affect your credit score?
• 36:01 – Is the card useless after you sign up and use the miles?
• 39:14 – How come no credit card company red flags you?
• 41:19 – What are you looking for in an ideal client?
• 45:00 – What is your fee structure for your clients?
• 46:26 – How do people meet the minimum bonus?
• 48:08 – Why not just sign up for a “cash back” card?
• 52:00 – Patreon question: Are there still airlines doing mileage runs which are economical?
• 54:11 – Patreon question: Is there a solution to being denied cards even with a high enough credit score?
• 56:26 – Patreon question: What are the options for non-american clients?
• 58:56 – What are some fun trips you have been on?
• 62:14 – What do you see on the horizon with the points programmes?
• 66:05 – Johnny and Derek review

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 2022. All rights reserved. Read our disclaimer here.

This episode contains adult themed content, but we tried to keep it as PG-13 as possible! Johnny interviews "Porno Dan" Leal, who has been a porn producer and actor for over 20 years where he's produced over 5,000 scenes. Dan tells us about the economics of getting into the adult entertainment industry. Learn about how little performers make in scenes and how much they make branding on their own in today's world of OnlyFans. Johnny and Derek discuss takeaways from the interview at the end and discuss a bit about their experiences dealing with people in the industry. 

Porno Dan is an American pornographic movie director and actor. He has been nominated for over 150 AVN Award, XBIZ Award and XRCO Award nominations and was inducted into the AVN Hall of Fame in 2015

Listen to ILAB 226 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Poland / IG @johnnyfdj
• Sam Marks – Thailand / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Indeed
  Receive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB
• Support Invest Like a Boss: Join our Patreon

Discussed:

• “Danland” Trailer- Porno Dan’s Documentary

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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 06:36 – How did you get into the Adult Entertainment Industry?
• 11:13 – What is the rate for an Actor/Actress in the industry and how has it changed?
• 13:55 – What is feature dancing?
• 18:31 – Who’s idea was it to create a ”hub” for adult entertainment?
• 21:51 – How do many people get started in the industry?
• 25:02 – Is it true that the “tube” sites aren't profitable?
• 26:22 – How do you make money as a video producer?
• 29:03 – How has government regulation changed?
• 30:52 – Hypothetically how would you get into the industry now?
• 35:05 – What are your thoughts of celebrities releasing sex tapes?
• 38:54 – Can you explain the idea of how you and Johnny are raising money for Ukraine?
• 45:16 – Johnny and Derek review

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 2022. All rights reserved. Read our disclaimer here.

Johnny and Sam recap the most tumultuous quarter in ILAB history. Everything from escaping the war in Ukraine and leaving the fate of his properties behind, to then going to Hungary, Greece and now Poland for Johnny. During this time, Sam left Spain and decided to start a motorcycle trip around Thailand. And that's just the lifestyle update for the audio podcast portion! If you'd like the full episode with portfolio breakdowns and the announcement of major changes to ILAB coming soon, you have to be a Patreon. You can sign up now to instantly access for as low as $5/month HERE.

Listen to ILAB 225 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Poland / IG @johnnyfdj
• Sam Marks – Thailand / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Commonstock
  Commonstock is a social network for smart investors. Join the FREE community of engaged investors to access exclusive financial data, follow and chat with fellow investors, get alerts when friends buy or sell, and make trades directly through the platform at Commonstock.com
• Support Invest Like a Boss: 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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 05:25 – How has Johnny been handling the war in Ukraine?
• 19:16 – Johnny talks about this tiny winery?
• 23:18 – How do you feel, Sam, about owning multiple properties around the world?
• 25:54 – Johnny and Sam talk about being American and preferring to live outside of the US
• 32:45 – Sam talks about a fundraiser for Ukraine he was involved in?

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 2022. All rights reserved. Read our disclaimer here.

It's tax time in the United States, so Johnny and Sam go over some of the (legal) tax hacks they've learned about and taken advantage of over the years. Many of these may apply to other residents of other countries as well, so find out what you may be missing out on in this episode. If you have more hacks to add, make sure to let us know!

Listen to ILAB 224 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Greece / IG @johnnyfdj
• Sam Marks – Thailand / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• Indeed
  Receive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB
• Support Invest Like a Boss: 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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 10:19 – Would you consider giving up your American citizenship?
• 15:45 – What is earned income?
• 20:39 – What is FEIE?
• 28:18 – What are the tax advantages of living in Puerto Rico?
• 32:09 – What is the Self-employment tax and how do you work around it?
• 36:02 – What is Capital gains?
• 43:27 – How is starting your own business one of the biggest tax breaks?
• 55:09 – What is a health savings account?
• 57:31 – What is a donor advised fund?

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 2022. All rights reserved. Read our disclaimer here.

This is our first episode on the topic of digital land investing. Derek interviews WeMeta CEO/Founder Winston Robson to get an introduction to digital land and how it differs from physical land. They go over use cases, restrictions, future potential and challenges for digital real estate. It's super early in the space, but there are a lot of people betting on the future of land in the metaverse. Derek and Johnny end the episode with their takeaways on digital land and potential use cases of the metaverse. 

Winston Robson is a data scientist and CoFounder at WeMeta. Inspired by the open source capabilities within the MetaVerse, Winston launched the company in May of 2021. Originally from Los Angeles, Winston combined his knowledge of the real estate market and engineering capabilities to create the world’s most thorough MetaVerse real estate analytics platform: WeMeta. The company helps investors source through available MetaVerse properties and make sound investments.

Listen to ILAB 223 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Greece / IG @johnnyfdj
• Sam Marks – Barcelona / IG @imsammarks
• Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

• NOVO
  Sign up for your FREE business checking account RIGHT NOW at Novo.co/ILAB. Plus, Invest Like A Boss listeners get access to over $5,000 in perks and discounts.
• Support Invest Like a Boss: Join our Patreon

Discussed

• WeMeta, the leading digital land marketplace

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)

*Johnny and Sam use all of the above services personally.

Time Stamp:

• 10:10 – Can you tell me about your background and how you started WeMeta?
• 15:45 – Why should someone invest in digital real estate?
• 17:30 – How can you stop platforms from adding land making it infinite?
• 19:22 – Can you split up plots to fractionalise?
• 20:40 – What kind of activity are you seeing from the top 3 platforms?
• 23:05 – Are there alot of “land owners” in the various platforms?
• 24:32 – Why is dentraland plots more valuable than sandbox?
• 26:00 – What happens if a platform shutdowns or merges?
• 27:00 – Why does the plot of land actually look like?
• 28:08 – Why are there roads in the metaverse?
• 29:36 – What are the factors to consider with digital land?
• 31:05 – Does digital land have residential or commercial, etc zones?
• 32:43 – How can you purchase land in WeMeta?
• 34:14 – Does the land value change with the cryptocurrency value?
• 35:56 – What kind of land value growth are you seeing?
• 39:28 – How do you value a property?
• 42:22 – Do you find people are flipping undeveloped land, or are they building on it then selling it? 
• 46:45 – How does WeMeta profit from this?
• 49:12 – What are you looking at to purchase now?
• 45:42 – Johnny and Derek Review

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 2022. All rights reserved. Read our disclaimer here.