E01: How to Start Making Your Money Work for You with Ashley Wilson and J Scott

In the pilot episode of the Passive Investing Show, co-hosts Ashley Wilson and J Scott discuss how the podcast came to be and what you'll get from tuning in. A variety of alternative investment opportunities is available nowadays, but they can be difficult to navigate if you don't know them inside and out. Passive investments are all about making your money work for you!

Ashley and J also talk about their current investments and strategies, potential ventures, and the best advice they've ever received.

Here are some power takeaways from today’s conversation:

• Passive investments necessitate preliminary work
• Learning one class asset is a stepping stone to another due to the transferable knowledge between them
• Before investing in an asset, break it down into three components—the team, the asset, and the market.
• Keep an eye out for government regulations and economic situations that can affect your investments.
• Outside of real estate, numerous lesser-known investment opportunities can serve as your next source of passive income.

Episode Highlights:

[0:44] Introducing J and Ashley

J and Ashley are business partners at Bar Down Investments, which buys, repositions, and resells large multifamily apartment complexes. While J began investing after leaving his corporate job in 2008, Ashley started when working in the pharmaceutical clinical research and development industry. They both invest in various asset classes.

[2:54] The Story Behind the Podcast

Changes in the investment landscape since the Great Recession have resulted in accumulated wealth that people can use to invest. Despite this, investing remains difficult due to a general lack of knowledge surrounding it. This podcast will help listeners make informed decisions and ask the right questions.

[5:48] What Listeners Can Expect

J and Ashley will invite guests who are key opinion leaders in specific asset classes onto the show. They hope to learn alongside the audience by asking pertinent questions about things like vetting investments and due diligence.

[7:26] J and Ashley's Current Investments

J and Ashley are active investors. They emphasize the importance of diversifying your passive investments. Some of J's more interesting passive investments are in racehorses and film making. Ashley's include horse training and precious metals.

[17:06] The Three Questions

J and Ashley will ask their guests about the same three things at the end of each episode: future investments, threats to investment strategy, and best advice received. J is interested in blockchain companies, whereas Ashley is interested in carbon credits.

Notable Quotes from the Episode: (Please choose 1)

[6:27] “By learning one asset class and then learning another investment opportunity, there are a lot of things that can carry over in terms of the questions you can ask.”

[24:20] “The harder you work upfront, the more I personally feel that you can sit back a bit and have your money start to work hard for you, otherwise known as the luckier I get.”

[26:53] “There's no free lunch with investing. Anytime you're promised high returns, expect that there's going to be high risks associated with that investment.”

Resources Mentioned:

YouTube