Get Rich Quick Schemes Vs. Investments with Justin Donald
Easy Prey16 Maalis 2022

Get Rich Quick Schemes Vs. Investments with Justin Donald

Many people have lost money trying to grow their wealth, but how do you know when an investment is too good to be true? Today's guest is Justin Donald. Justin is the host of the Lifestyle Investor Podcast and author of the bestselling book Lifestyle Investor: The Ten Commandments of Cash Flow Investing for Passive Income and Financial Freedom. He consults and advises entrepreneurs, executives, and successful media personalities on lifestyle living. Justin has also appeared on nearly 100 podcasts including Entrepreneurs on Fire, The Mike Dillard Show, Making Bank, The Accelerated Investor, and Unbecoming. Show Notes:
  • [1:02] - Through his company Lifestyle Investor, Justin teaches others how to create a lifestyle that is compelling and purposeful.
  • [3:31] - Justin's mission is to help people buy their time back.
  • [4:34] - In many cases, people have lost millions of dollars in poor investment decisions.
  • [5:51] - If you want to build wealth, you need to have a strong ecosystem.
  • [6:53] - A lot of people in financial services are not in alignment with their clients and the system is manipulative.
  • [8:40] - Justin didn't start out asking specific questions and now he always asks those in financial services.
  • [10:02] - You have to do your own work and math to make sure things are not manipulated.
  • [11:10] - There are incredible opportunities to make money but also to lose money. Not all projects are the same.
  • [13:10] - ICOs are super high risk and Justin advises to avoid them.
  • [14:11] - If something is guaranteeing returns, it's a red flag. There's always some form of risk.
  • [15:26] - Justin admits that he has lost money in situations where he didn't see the signs in time.
  • [17:49] - There are some red flags to look for and Justin shares some examples.
  • [21:42] - Having cash flow is important first and then investing becomes safer.
  • [23:29] - Almost every business partnership is going to end at some time and 90% or more of them end poorly.
  • [25:58] - Always have open conversations and express concerns when making decisions.
  • [27:56] - Justin also advises to be careful that you aren't buying another job and you are looking for passive income.
  • [30:51] - What is a targeted return?
  • [32:13] - Don't be lured in by a good targeted return. Justin advises on what to look at instead.
  • [34:38] - You want to know how your investments will do if things don't go according to plan.
  • [36:17] - Justin gives an example to illustrate how returns work.
  • [37:50] - Justin is offering his book free to listeners by going to his website LifestyleInvestorBook.com.

Thanks for joining us on Easy Prey. Be sure to subscribe to our podcast on iTunes and leave a nice review.

Links and Resources:

Jaksot(321)

Art Heists

Art Heists

The world of art theft looks glamorous in the movies, but the reality is far more complicated. From multi-million dollar forgery schemes to undercover FBI operations recovering stolen national treasur...

29 Huhti 37min

The Power of Prediction

The Power of Prediction

We make predictions all the time including about the weather, about traffic, about what someone is going to say next. It feels natural, even rational. But when algorithms start making predictions abou...

22 Huhti 39min

Privacy vs Reality

Privacy vs Reality

Online security advice often sounds simple until you actually try to follow it. Between password managers, privacy settings, and data brokers, protecting yourself can start to feel like a full-time jo...

15 Huhti 58min

Wired to Trust

Wired to Trust

It's easy to think scams only work when someone misses something obvious. In reality, most of them don't look obvious at the start. They show up as normal situations with just enough friction to notic...

8 Huhti 41min

Intimate Partner Fraud

Intimate Partner Fraud

Most scams leave a digital trail. A fake email, a spoofed number, a fraudulent website. You can trace them, report them, sometimes even reverse them. But what happens when the scam has no digital trai...

1 Huhti 45min

Identity without Passwords

Identity without Passwords

Every day, employees at hotels, restaurants, and resorts across the country are doing exactly what they were hired to do: being warm, responsive, and eager to help. It's what makes hospitality work. I...

25 Maalis 38min

When Cybercrime Gets Personal

When Cybercrime Gets Personal

Most security breaches don't begin with sophisticated code or elaborate technical exploits. They begin with a phone call, a convincing email, or someone at a help desk who just wanted to be helpful. T...

18 Maalis 45min

Stopping Phone Scams

Stopping Phone Scams

Phone scams get dismissed as background noise or just annoying interruptions and unknown numbers with robotic voices we learn to ignore. But behind that noise is an industry built on psychology, autom...

11 Maalis 45min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
politiikan-puskaradio
rss-ootsa-kuullut-tasta
ootsa-kuullut-tasta-2
tervo-halme
rss-podme-livebox
aihe
rss-ulkopoditiikkaa
the-ulkopolitist
viisupodi
rss-pinnalla
otetaan-yhdet
et-sa-noin-voi-sanoo-esittaa
radio-antro
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset
rss-asiastudio
rss-uusi-juttu-mediastartupin-tarina
rss-vaalirankkurit-podcast
rss-kaikki-uusiksi