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Invest Like a Boss

02: From $1k to Future Millionaire: Johnny FD's Investments

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8518 Ratings

🗓️ 13 June 2016

⏱️ 66 minutes

🧾️ Download transcript

Summary

Just three years ago Johnny FD had less than $1,000 in his bank account. Today his net worth is over $300,000. In this episode, he breaks down exactly how he grew wealth and shares his private investment portfolio. 

Johnny’s First Book – Life Changes Quick
Charles Schwab ATM Card – How to not get F*cked by your Bank when Traveling
Facebook Stock – How I made a ton of Money with FB
How I Invest my money Blog – Six Steps
Wealthfront
Tony Robbin – Money Master of the Game

 

Time Stamps:

10:33 - Tesla Stock

11:28 - Lending Club

20:25 - Vanguard

25:45 - S&P-500

30:07 - Cash Reserve

31:46 - All Seasons Portfolio

35:00 - Buy Orders

41:35 - Wealthfront

59:39 - Money Masters of the game

01:00:00 - The Millionaire Lifestyle

 

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Copyright 2016. All rights reserved. Read our disclaimer here.

Transcript

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0:00.0

Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.

0:09.0

Join us each week for exclusive interviews with our network of modern investors, business owners, and multi-millionaires to discover new ways to invest our hard-earned cash.

0:17.2

All right, everybody. Welcome back to another episode of Invest Like a Boss. This is Sam.

0:21.7

I'm sitting here with Johnny.

0:22.8

We are once again in Shanghai.

0:25.2

And we're doing podcast number two.

0:27.2

Last podcast, we talked about my investment strategy and kind of an introduction to what we're going to be diving into on this podcast.

0:35.2

And on this one, we're very excited to talk about Johnny's strategy. Johnny? Yeah, I'm excited to be back on this. And don't worry, it's not just going to be me and Sam, maybe some of my episode, but I thought it'd be a great idea to start it with our journeys before we kind of, you know, deep dive into professional investors as well as other entrepreneurs that we both know. I think that's

0:54.7

what's going to make this podcast so good is we both have a good network of people who are young,

1:01.0

they're rich, they're investing very differently than our parents did. But here is how I got

1:06.5

started and what I do with my money. So a few years ago, literally three years ago, I had no money.

1:11.4

I was broke.

1:11.9

I've been broke for the last 10 years.

1:14.1

Never made more than maybe $10,000 a year for the last eight years or so.

1:20.3

And my whole goal was to make so little money.

1:22.7

I would not have to even file a tax return just because I didn't want to deal with that I just wanted to to chill

1:29.6

sco-dive live cheaply travel cheaply in the last three years I've built numerous online businesses

1:36.3

including multiple drop shipping stores one which I've actually just sold for a big not as big as as Sam's windfall, but for me, it's the biggest

1:48.1

paycheck I've ever gotten.

1:49.8

So I made about $60,000 from selling that business.

1:53.0

That's awesome.

1:54.0

Thank you very much.

...

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