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.  

Invest Like a Boss – Modern Investing Podcast

149: Die With Zero - Bill Perkins

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.

148: Q2 Update 2020 - Patreon Exclusive

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.

147: Stripper Economics 101 - How Lucrative is Professional Dancing

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.

145: Coffee Shop Economics with Coffee Beanery’s Kevin & Laurie Shaw

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.

146: Does Art Out-Perform the S&P500? MasterWorks’ Scott Lynn

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.

144: Own Your Future – Digital Assets, with Flippa CEO Blake Hutchison

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.

143: Luxury Real Estate, with Ryan Serhant

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: Automation Finance 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.

142: Q1 Investment Updates – The 2020 Downturn

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.  

ILAB 141: Online Businesses – The State of the Industry, with Empire Flipper’s Joe Magnotti

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.  

140: John McAfee – COVID-19, and the Best Chapter of Life

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.  

139: How to Buy Stocks and Index Funds for Newbies: Investing 101

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.

138: How Global Finance is Making Us All Poorer – Nicholas Shaxson

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.

137: Best Visas & Citizenships by Investment, with Andrew Henderson

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.

136: KingMakers - the shift to investing in offline businesses

Invest Like a Boss covers all aspects of investing in the modern age in a fun, entertaining way. The show hosts interview the world's best investors, financial Insiders, entrepreneurs and CEOs to find out what they are investing in and strategies to gain outsized returns. In this modern age of investing, new investment instruments are popping up each day, from P-2-P (peer to peer) lending, to robo-advisors, equity crowdfunding to REITS. Investors today need to combine centuries of investment wisdom with an modern outlook and approach. Entrepreneurs Sam Marks and Johnny FD both retired in their early 30’s through business successes and now focus on learning how to invest alongside the listeners in order to put their hard earned money to work.

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Invest Like a Boss – Modern Investing Podcast

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