The 10 Secrets To Creating Passive Income With Justin Donald
The Mike Dillard Show
Mike Dillard
4.8 • 583 Ratings
🗓️ 14 January 2021
⏱️ 44 minutes
🧾️ Download transcript
Summary
One of the biggest wake-up calls that came from dealing with my health crisis the past few years, was the fact that I did not have true passive income when I needed it most.
I would have never imagined ever being in a place where I wasn’t able to physically work for more than two years. It was simply not a part of my reality.
None-the-less, that’s exactly what happened.
Dealing with a health crisis was hard enough. Adding financial stress on top of it made it infinitely more challenging.
As you can imagine, I’ve sworn that I’ll never be in that place again.
Over the past year, I’ve turned all of my focus towards the creation of truly passive income… This is money that doesn't come from a business, but from assets like dividend stocks and cash flow real estate.
One of the people I’ve met along the way during this new journey, is our guest today, Justin Donald.
Justin is a self-made millionaire and has turned himself into one of the smartest people I know when it comes to money and investing.
He has also come to understand the difference between active income from a business, and lifestyle income from passive investments.
Today he’s going to share his story with you, and how you can achieve actual financial freedom.
He’s going to share how he got his start, what he invested in, and how he makes sure he never loses money on any of the investments he makes.
If you want to learn more, he has a book called The Lifestyle Investor, which is excellent, and I’d highly recommend picking up a copy.
Resources:
JustinDonald.com
Follow Justin on Instagram | LinkedIn | Facebook
The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom
Music:
Song: Castion - Banger Machine [NCS Release]
Music provided by NoCopyrightSounds
Free Download/Stream: http://NCS.io/BangerMachine
Watch: http://youtu.be/MI3t3PV9FRI
Transcript
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| 0:00.0 | Welcome back to the Mike Dillard podcast. We help entrepreneurs like you get the knowledge and skills that you need to bring your dreams to life. |
| 0:12.4 | One of the biggest wake-up calls that came from dealing with my health crisis over the past few years was the fact that I did not have true passive income when I absolutely |
| 0:22.2 | needed it the most. I would have never imagined being in a place where I wasn't able to |
| 0:26.8 | physically work for more than two years. That was simply not a part of my reality. Nonetheless, |
| 0:32.5 | that is exactly what happened. Dealing with a health crisis was hard enough, but adding the financial stress |
| 0:39.1 | on top of that made it infinitely more challenging. So as you can imagine, I have sworn that I will |
| 0:45.7 | never, ever be in that place again. So over the past year, I've turned all of my focus towards |
| 0:51.3 | the creation of true passive income. This is money that does not come from a |
| 0:55.8 | business, but from assets like dividend stocks and cash flow real estate. But one of the people that I've |
| 1:00.7 | met along the way during this journey is our guest today, Justin Donald. So as you're about to hear |
| 1:06.5 | today, Justin is a self-made millionaire and he has turned himself into one of the smartest people that I've ever met when it comes to money and investing. |
| 1:15.2 | He has also come to understand the difference between active income from a business and lifestyle income from passive investments. |
| 1:22.5 | Well, today, he's going to share his story with you and how you can achieve actual financial freedom. He's going to share |
| 1:29.2 | how he got his start, what he invested in, and how he makes sure that he never loses money on |
| 1:34.9 | any of the investment deals that he makes. If you are interested in this topic and if you want to |
| 1:40.0 | learn more, he has a book out called The Lifestyle Investor, which I've read. It is excellent, |
| 1:44.8 | and I would highly recommend you pick up a copy. And with that being said, please help me welcome, |
| 1:49.8 | Justin Donald. Welcome back, gang. Mike Dillard here today. I am joined by my friend Justin |
| 1:55.2 | Donald, who is a fellow Austinite. And he is really one of the best individuals that I've ever found when it comes to a |
| 2:02.8 | topic that I'm obviously passionate about, which is investing and personal finance and how do you |
| 2:08.2 | create a life of actual freedom instead of the illusion of freedom that entrepreneurs can tend to |
| 2:15.8 | pursue. So, Justin, thank you for joining us on the show |
... |
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