Invest Like a Boss – Details, episodes & analysis

Johnny and Derek just so happened to both be in Buenos Aires at the same time so they had to do an episode together! We split this into two halves, the first being just hours after Derek landed and then we pick up 2 weeks later when both had time to explore and reflect on the city. They go over the value of every day living in Buenos Aires - food, drink, housing, transportation and more. Plus they cover some of the downsides of the economy and this area of the World.

Discussed: 

• Argentina's Inflation Rate
• La Cabrera (Happy Hour Steakhouse)
• Compass Pathways Investor Relations

Where we are:

• Johnny FD – Buenos Aires, AR / IG @johnnyfdj
• Sam Marks - Bangkok, Thailand / IG @sammarks12
• Derek – Buenos Aires, AR / IG @DerekRadio

Sponsor:

• Shopify
  Shopify helps you sell EVERYWHERE. From their all-in-one ecommerce platform, to their in-person POS system–wherever and whatever you’re selling, Shopify’s got you covered. Sign up for a $1 per month trial period now at Shopify.com/ilab




• ILAB Patreon
  Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss

Time Stamp:

• 00:21 - Johnny/Derek Part 1
• 12:56 - How to Get the Best Possible Exchange Rate
• 20:21 - Part 2 after Buenos Aires
• 43:45 - How Safe is BA?
• 49:15 - Would You Go Back to Visit?

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Copyright 2024. All rights reserved. Read our disclaimer here.

ATAI Life Sciences & Compass Pathways Co-Founder Christian Angermayer joins the show to talk about the roadblocks to getting psychedelics legal in the US and the best way to effectively treat mental health with them. Christian has been making waves recently after appearing on Joe Rogan, and has the backing of Peter Thiel. We've been talking alot about the potential of psychedelics in the past year, and after the FDA's recent disappointing decision... Christian tells us why it may not be all bad news. Sam handles the interview with Christian and then Derek hops in with Sam to talk about their interest in this investment.

The views and opinions expressed by Christian Angermayer in this episode are his own and do not necessarily represent those of atai Life Sciences.

Discussed: 

• Dr. Nutt's "Drug Harm" Chart
• ATAI Investor Relations
• Compass Pathways Investor Relations
• Christian Angermayer's Substack
• ILAB 294: Matthew "Whiz" Buckley on Flying in Top Gun, Trading Options & Taking Psychedelics

Where we are:

• Johnny FD – Kyiv, Ukraine / IG @johnnyfdj
• Sam Marks - Bangkok, Thailand / IG @sammarks12
• Derek – Los Angeles, USA / IG @DerekRadio

Sponsor:

• Shopify
  Shopify helps you sell EVERYWHERE. From their all-in-one ecommerce platform, to their in-person POS system–wherever and whatever you’re selling, Shopify’s got you covered. Sign up for a $1 per month trial period now at Shopify.com/ilab




• ILAB Patreon
  Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss

Time Stamp:

• 00:21 - Sam/Derek Intro
• 06:09 - Interview with Christian Begins
• 32:00 - Why FDA Approval is Taking So Long
• 57:07 - The State of Psychedelic Stocks
• 01:08:13 - Sam/Derek Outro - Would They Invest

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Copyright 2024. All rights reserved. Read our disclaimer here.

Quarterly Update time! Sam and Johnny sit down to talk about what they've been up to the last 3 months and what's the plan for the next 3. Johnny talks visiting family, being in the worst shape of his life while on the opposite end Sam discusses living essentially alone but in the best shape of his life. Afterwards, the guys go Patreon only for financial updates, portfolio shares and Derek even gives life updates on his Patreon exclusive as well. Sign up for ILAB Patreon now for as low as $5/month to get full access to the entire queartely update and so much more!

Discussed: 

• Pokhara, Nepal
• Stem Cell Institute Panama
• ILAB Patreon

Where we are:

• Johnny FD – Athens, Greece / IG @johnnyfdj
• Sam Marks - Bangkok, Thailand / IG @sammarks12
• Derek – Los Angeles, US / IG @DerekRadio

Sponsor:

• ILAB Patreon
  Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss

Time Stamp:

• 01:25 - Sam/Johnny Intro
• 08:32 - Johnny's Travel Plans
• 19:15 - Sam's Travel Plans
• 21:40 - Sam's Enlightenment
• 34:06 - Sneak Peek into Patreon Discussion

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Copyright 2024. All rights reserved. Read our disclaimer here.

Johnny and Derek go over the listener voted Top 10 Favorite Investment Platforms for Non-Accredited investors. We polled the Boss Lounge and these were everyone's favorites. The guys go over which ones they also personally invest in and their thoughts (good or bad!) on each. Listen to the episode to hear the entire list!

Listen to ILAB 205 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Lithuania / IG @johnnyfdj
• Sam Marks – Barcelona/ IG @imsammarks
• Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

• Ferret
  Ferret is a new relationship intelligence app that can spot red flags linked to any potential business associate partners or suppliers to give you the peace of mind you need. Get instant access to the beta version now when you visit Ferret and use promo code BOSS 
• Support Invest Like a Boss: Join our Patreon

Like these investments? Try them with these special ILAB links:

• 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)

*Johnny and Sam use all of the above services personally.

Time Stamps:

• 06:34 – #10 Start Engine, Episode 121, Episode 179
• 13:53 – #9 Realty mogul, Episode 161
• 16:19 – #8 Betterment, Episode 45
• 21:37 – #7 Lending club, Episode 13
• 23:24 – #6 ArtofFX, Episode 3
• 25:49 – #5 Masterworks, Episode 146, Episode 193
• 28:23 – #4 AHP servicing, Episode 113
• 31:08 – #3 Worthy Bonds, Episode 150
• 35:03 – #2 Wealthfront, Episode 50
• 35:33 – #1 Fundrise, Episode 12
• 37:35 – Johnny’s notable mentions

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! 

Copyright 2021. All rights reserved. Read our disclaimer here.

Entrepreneur Magazine calls Justin Donald the “Warren Buffett of Lifestyle Investing.” He’s a master of low-risk cash flow investing, specializing in simplifying complex financial strategies, structuring deals, and disciplined investment systems that consistently produce profitable results. His ethos is to “create wealth without creating a job.”

In the span of 21 months, and before his 37th birthday, Justin’s investments drove enough passive income for both he and his wife Jennifer to leave their jobs. Following his simple investment system and 10 Commandments of Lifestyle Investing, Justin negotiated deals with over 100 companies, multiplied his net worth to over eight figures, and maintained a family-centric lifestyle in less than 2 years. Just 2 years later, he doubled his net worth again.

He now consults and advises entrepreneurs, executives, and successful media personalities on lifestyle investing. Justin has also appeared on nearly 100 podcasts, including Entrepreneurs on Fire, The Mike Dillard Show, Making Bank, Achieve Your Goals, Capability Amplifier, Tractionville, Inside Personal Growth, Conscious Millionaire, Franchise Secrets, the Accelerated Investor, and Unbecoming.

Justin is a lifelong leader and trainer with a track record of achievement. In his 20s, he worked with Cutco/Vector and quickly became one of the top managers in the company, and one of the youngest to achieve Hall of Fame status. His personal playbook of best practices was deployed nationwide as a training program to onboard sales representatives.

Listen to ILAB 204 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Barcelona/ IG @imsammarks
• Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

• Indeed
  Receive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB
• Support Invest Like a Boss: Join our Patreon

Discussed:

• Justin Donald: The Lifestyle Investor
• The Lifestyle Investor Book
• Mastermind

Like these investments? Try them with these special ILAB links:

• 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)

*Johnny and Sam use all of the above services personally.

Time Stamps:

• 08:59 – Where did you start and how did it help you in becoming an investor?
• 10:31 – At what point did you realise you wanted to become an investor?
• 16:33 – Did Cutco instill a certain model relating to saving and investing?
• 17:54 – When you bought the Mobile park homes, were you still with Cutco?
• 18:51 – When did you plot the path of your investing lifestyle?
• 23:31 – Did you primarily focus on real estate?
• 25:47 – After being quite successful, what is the motivation to keep going further?
• 28:24 – When did you get a team to expand your deals?
• 34:01 – Can you tell us about your conferences, “Mastermind”?
• 37:35 – How often do you have in-person meet ups?
• 39:00 – What are some of the 10 commandments for investing?
• 48:31 – What is one of your favourite deals?
• 56:43 – Sam and Derek review
  
  

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! 

Copyright 2021. All rights reserved. Read our disclaimer here.

CEO and Co-Founder Jesse Randall is a fintech startup executive and venture capitalist helping to usher in the new era of generational wealth creation for everyday people. His roots in small farm life in rural America as part of a very large family gave him a unique foundational work ethic and view of the world. He has come to understand that he would rather imagine the world as it can become rather than settle for the shortcomings that surround us everywhere. Anything is possible with the right mindset, people, and resources at hand. Outside of work, he enjoys endurance sports such as Ironman races, cycling, and marathons, and wouldn’t trade his life with his sweetheart and five children for any amount of treasure.

Sweater is hell-bent on leveling the playing field and reinventing venture capital to reach its maximum potential. That starts by creating a venture capital fund that anyone can invest in.

Sweater’s vision is to pool money from millions of regular people into a world-class venture fund, wisely deploying that capital into startups that shape the world we live in.

Every founder should be able to build their vision, and every person should be able to support the startups that create the next generation of influence and wealth.

Listen to ILAB 203 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Barcelona/ IG @imsammarks
• Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

• Fundrise
  Fundrise makes investing in private real estate as easy as investing in stocks, bonds or mutual funds. Get started in just a few minutes at Fundrise.com/LikeaBoss
• Support Invest Like a Boss: Join our Patreon

Discussed:

• Sweater

Like these investments? Try them with these special ILAB links:

• 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)

*Johnny and Sam use all of the above services personally.

Time Stamps:

• 10:30 – What is Sweater?
• 13:09 – What experience do you get by investing in the fund?
• 15:01 – How does Sweater differ from their competitors?
• 19:26 – Is there a limit to the amount of investors you can bring in?
• 20:19 – Are there any differences in benefits to an accredited investor?
• 23:02 – Do investors need to be US citizens?
• 24:06 – What is the investment minimum and what are the fees associated with the investment?
• 26:14 – Your initial fund will have no carry fees, correct? -
  "Yes that is correct. Sweater charges a flat 2% management fee attached to the value of the fund, much like the flat fee you have on your mutual fund. Plus there are administrative costs like legal, auditing, marketing, etc." 
• 29:45 – What kind of companies are you looking to target?
• 33:57 – Are there any other particular sectors beyond tech that interest you?
• 39:21 – How do you decide on what companies Sweater invests in?
• 43:29 – How are the investments structured?
• 45:13 – Do you have companies on the radar already?
• 47:47 – How long should investors anticipate waiting to see a meaningful return considering you are a new company?
• 50:58 – What is the Sweater scout network?
• 52:50 – Can someone reach out to Sweater if they are looking for venture funding for their company?
• 54:08 – What to expect when you sign up?
• 56:54 – Sam and Derek review
  
  

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! 

Copyright 2021. All rights reserved. Read our disclaimer here.

Sam interviews Charityvest CEO/Co-Founder Stephen Kump about their new modern donor-advised fund platform. Charityvest's goal is to make charitable giving easier for the masses and also cut down on tax paperwork. Sam and Derek then go over their thoughts on Charityvest and it's simplicity of giving. They also talk about what to look out for when giving to charities and why you should always vet them first. 

Stephen Kump aims to shape the world to be more generous. He leads Charityvest, a technology company to catalyze generosity through putting a donor-advised fund in the hands of every American. He worked for over ten years as a consultant to nonprofit organizations, philanthropists, corporate leaders, and private equity investors, most recently with Bain & Company. He is a former US Army cavalry officer, holds an MBA from the Yale School of Management, and earned bachelor degrees in Economics and Management from Georgia Tech.

Listen to ILAB 202 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Barcelona/ IG @imsammarks
• Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

• RAD Diversified
  RAD Diversified REIT allows investment partners to invest in cash-flowing properties with substantial value-add opportunities. RAD offers monthly distributions, a 5% bottom-line guarantee,  and achieved a 36.7% return in 2020.
• Support Invest Like a Boss: Join our Patreon

Discussed:

• Charityvest
  Lock in 0% fees for all of 2022 when you join at Charityvest

Like these investments? Try them with these special ILAB links:

• 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)

*Johnny and Sam use all of the above services personally.

Time Stamps:

• 08:43 – How did you get started in the industry?
• 11:48 – Is the donor advised fund like setting up your own charitable organisation?
• 13:50 – Do you notice a pattern with people's donations?
• 19:27 – Is this a special designation by the IRS?
• 20:21 – Can you discuss the relationship with Y Combinator?
• 23:14 – Can you tell us about the two portfolios?
• 25:45 – Can you explain the tax benefits?
• 31:50 – Can you explain the concept of donating the asset rather than the capital gain?
• 36:40 – Can you summarize the giving component?
• 42:26 – What kind of fees are associated with the investment?
• 49:02 – Sam and Derek review

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! 

Copyright 2021. All rights reserved. Read our disclaimer here.

Johnny FD interviews Homeroom CEO Johnny Wolff about co-living both as a tenant and potential investor. Then Johnny & Derek share their roommate stories, investing in Homeroom, and exploring creating your own co-living investment property.

Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest growing coliving companies in the United States. After starting his career as a financial analyst in Silicon Valley (EA, SanDisk, Guidespark), he relocated to Austin, Texas to pursue real estate investing fulltime. His love for real estate investing and living with roommates motivated him to start HomeRoom in 2017, after an unusually terrible Craigslist roommate experience. In 2020, HomeRoom boasted 99% on-time rent payments, full occupancy, and zero evictions. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom’s first coliving houses in Kansas City, and enjoys hanging out and surviving the pandemic with his awesome roommates - especially on chicken wing Thursdays.

Listen to ILAB 201 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Ireland/ IG @imsammarks
• Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

• Flippa
  Visit Flippa.com/boss today to get the best price for your online business or register as a buyer and tap into the many businesses up for sale.
• Support Invest Like a Boss: Join our Patreon

Discussed:

• HomeRoom: Coliving Rooms | Best Property Investment
• Marina del Rey, CA Co-Living Building

Like these investments? Try them with these special ILAB links:

• 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)

*Johnny and Sam use all of the above services personally.

Time Stamps:

• 17:34 – How does it work for a tenant?
• 21:17 – Can you explain why they are all 1 bedroom 1 bathrooms?
• 21:58 – What other fees are there for the tenant?
• 23:25 – How does it work for an investor?
• 26:30 – How did you calculate the numbers for the investment?
• 29:46 – What happens if the real estate market drops?
• 30:59 – How do you guarantee a monthly rent?
• 31:25 – Do you have to be accredited or do you have to be in the US to invest?
• 32:26 – What are the steps to be taken in order to invest?
• 35:02 – What kind of contract do you have with the investor?
• 37:02 – What are the policies if the owner wants to move in?
• 40:26 – Johnny and Derek review

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! 

Copyright 2021. All rights reserved. Read our disclaimer here.

A very special ILAB - episode 200! Sam & Johnny reflect back on 200 episodes of ILAB and then give lifestyle and investment strategy updates from the last quarter. If you'd like access to the second half with Sam & Johnny's full investment breakdowns and Johnny's full portfolio screenshots, you must sign up as an ILAB Patreon.

Listen to ILAB 200 on iTunes here or subscribe on your favorite podcast app.

Were we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Ireland/ IG @imsammarks
• Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

• Indeed 
  Receive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB
• Support Invest Like a Boss: Join our Patreon

Like these investments? Try them with these special ILAB links:

• 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
• Wealthfront – Get your first $15,000 managed free
• PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

• 06:04 – Sam and Johnny take a trip down memory lane from how they met and started the podcast
• 19:44 – Update on Johnny’s and Sam’s renovations
• 28:58 – Sneak peek into Johnny’s and Sam’s portfolio.

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! 

Copyright 2021. All rights reserved. Read our disclaimer here.

In this episode, Derek interviews Pacaso CEO Austin Allison about owning shares of luxury vacation homes and how it all works. Then Derek and Johnny catch up and give their thoughts on second home co-ownership. This is more a lifestyle play than a pure investment, but we can see where this would be a great option for many people. 

Austin co-founded Pacaso to make the dream of second home ownership a reality for more people after experiencing the profound effect it had on his own life.

Pacaso is Austin’s second startup. In 2009, he founded dotloop in his hometown of Cincinnati, a company that created software to seamlessly manage real estate transactions. Zillow acquired dotloop in 2015, and Austin continued to run dotloop as a Zillow executive until 2018. Austin started selling real estate at the age of 18 and worked in residential and commercial real estate for a decade. Austin enjoys running, mountain biking, and flying. He lives in Napa, CA with his wife Angela and their son.

Listen to ILAB 199 on iTunes here or subscribe on your favorite podcast app.

Where we are:

• Johnny FD – Ukraine / IG @johnnyfdj
• Sam Marks – Ireland/ IG @imsammarks
• Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

• Fundrise
  Fundrise makes investing in private real estate as easy as investing in stocks, bonds or mutual funds. Get started in just a few minutes at Fundrise.com/LikeaBoss
• Support Invest Like a Boss: Join our Patreon

Discussed:

• Pacaso: The Modern Way to Own a Second Home

Like these investments? Try them with these special ILAB links:

• 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
• Wealthfront – Get your first $15,000 managed free
• PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

• 07:39 – How did you get into the business and what was your inspiration?
• 10:26 – How does this differ from a timeshare?
• 12:23 – How does Pacaso get paid if you do not retain any percentage of the property?
• 14:58 – Can I use my own real estate agent?
• 16:07 – Do you get to look at the property in person?
• 18:13 – Is there a minimum hold on the property you choose?
• 18:59 – How many shares can you buy per home?
• 20:00 – What value are you looking at in purchasing a home through Pacaso as compared to just buying a home?
• 21:32 – What is a property LLC?
• 23:19 – Can you rent the property?
• 26:44 – Can you let a friend or family member use the property?
• 28:47 – Why are you encouraged to not park on the street?
• 30:48 – Can you operate a business from the home?
• 31:29 – What fees does Pacaso charge for maintaining the home?
• 33:43 – Do the homeowners have to agree with what Pacaso assesses?
• 36:24 – Can home owners contact each other directly?
• 38:24 – Can you later buy the house outright if you enjoy the home?
• 40:10 – What is the investment growth of purchasing a home through Pacaso?
• 43:11 – Patreon Question : Can non US citizens purchase homes through Pacaso?
• 44:07 – Patreon Question : What are some locations you are considering both in the US and globally?
• 45:24 – Patreon Question : How has Pacaso handled backlash from the community?
• 48:01 – Patreon Question : Do you provide any additional services that come with the home?
• 51:14 – Johnny and Derek review

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! 

Copyright 2021. All rights reserved. Read our disclaimer here.