122: Lifestyle Investing, Passive Income, and The Financial Dream

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 10 June 2019

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sam Marks are Johnny FD have been transparently sharing their investment journey on this podcast for over three years. They have personally and professionally benefited from learning the tools and techniques that drive their successful investing lifestyle, passive income, and ultimately financial dream.

During this episode, Sam and Johnny FD will share how their investments generate a passive income that affords them to live an adventurous lifestyle while growing assets. Listen as they dissect their vastly diverse asset allocation so that you can replicate a portfolio that fits your style of investing. You’ll also find out if you need to be accredited or non accredited to make the best possible investments for your future.

Links:

Check out the new Invest Like a Boss Summit in Vegas!

Where we are:

Sam Marks - Lithuania
Johnny FD - Eastern Ukraine

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

Discussed:

ILAB 119 – Q1 2019 Review, Sam & Johnny’s New Investments, and Updates

Time Stamps:

01:19 - Traveling to Minsk, Estonia, and Eastern Europe
12:28 - Cost of living in the USA vs. Europe/Asia
22:12 - Affording the nomad lifestyle in a passive way
27:17 - “Being retired, financially free, financially independent: It’s not, never working again but it’s only doing things that you enjoy doing and that happens to pay you money, anyway.” - Johnny FD
34:38 - Analyzing the different FIRE tiers
37:41 - “If you’re just trying to figure it out quickly you can make a lot of mistakes and lose a lot of money.” - Sam Marks
38:43 - Asset allocation pie chart discussion
44:31 - Reinventing into your investments
54:27 - “If you’re bringing in and spending everything that comes in each month you’re paycheck to paycheck. That’s not cool. Growing your wealth is cool.” - Sam Marks
58:26 - Best investments for accredited and non-accredited investors

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast.
0:02.8	I'm Sam Marks and I'm Johnny FD.
0:04.4	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 multimillionaires to discover new ways to invest our hard-earned cash.
0:19.4	Privyat bosses.
0:32.2	Welcome to episode of 122 and The Invest Like a Boss podcast. This is Johnny. I'm out here in eastern Ukraine. Sam is also in East Europe in Lithuania.
0:54.6	Lithuania. Find it on a map, buddy. Find it on a map. Well, I'll be finding you in person in just about two weeks. I'm excited to hang out again. I'll be so bored of Lithuania by that time. So it's good that you're just getting in. You know, it's funny, Johnny, we have to be a little careful of what we say because we have a very big global audience now. And every time that we make an incorrect fact or assumption about a country, we always get someone from that country writing in. My favorite's actually the Bulgarian. We haven't heard from him in a while.
0:59.4	Well, I don't think we've talked trash about Bulgaria in a while. I love Bulgaria. Great country.
1:05.1	Yeah, I actually liked it as well, too. One of my favorite memories was that Eastern European trip we
1:10.0	did together, what, two years ago now, when we started in Bulgaria and went by land through, where did we go from like? Romania, Moldova, Transnistia. No, no, no, yeah. Transylvania. Yeah. Yeah, that was cool. That was bossy. That was my favorite trip with you ever.
1:28.2	Actually, no, that was Ireland.
1:29.0	That was awesome.
1:29.7	Ireland was amazing as well. We've had some good ones. Yeah. We had some good ones for sure. So. Well, this one will be good. I'm looking forward to showing you Lithuania. I'm actually squeezing in this episode right now. I'm out. I'm headed into the airport after this to go to a place called Minsk.
1:47.7	You're going to Bel-Rour. this episode right now. I'm out. I'm heading to the airport after this to go to a place called
1:46.4	Minsk. You're going to Belarus. The only way to get going to Belarus. Spontaneous trip. The only way to
1:52.8	get there as an American is by plane. So it's crazy. It's literally like a 12 minute flight from
1:59.4	Vilnius to Minsk, but you can't take a bus or a train to enter.
2:05.4	You have to fly in and then you get like an on-arrival visa.
2:10.5	Yeah, I remember that because I wanted to meet you there, but I was going to go by train.
2:15.3	And, yeah, Belaburis just doesn't allow us to go in except for we had to go in and out of the airport, which is ridiculous. You know, it's not a huge place. Minsk is a city of about three million, so good size, but not massive. Lithuania as a whole is only three million people. Wow. That's what I heard. Don't fact check the Lithuanians, but that's what I heard. Yeah. I mean, well, like, Lithuania is pretty small. I've been doing some research about it because I'm excited to go. I'm like, okay, what's here to do in both? What's the name of the capital that we're in, Venice? Vilnius. Vilnius. And also Lithuania. And it sounds like it's nice, but it doesn't
2:53.3	sound like there's that much to do. Yeah, dude, it's, it is so peaceful here. I mean, it is,
2:58.6	it's unspeakably blissful. It gets quiet at night. I'm in the old town. Think of like a traditional
	...

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