Invest Like a Boss

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152 - Equity Estates - Philip Mekelburg Sep 04, 2020

Show notes

Philip Mekelburg, CEO and Fund Manager, Equity Estates.

Philip has over 20 years of experience in business development, marketing, management and operations. After graduating from Cornell University, he worked as a corporate trainer and management consultant. His accomplishments include starting a fast-growing, new-to-market retail concept which he built up and sold within four years. The industry respected his novel approach and elected him president of their international association. Afterwards, Philip was hired as Director of Operations for a financial services firm where his work in channel sales garnered him praise, while expanding his knowledge and experience in marketing specialty finance products. He co-founded Equity Estates in 2006 and enjoys building a real estate portfolio that is also a smart investment that offers memorable experiences.

Listen to ILAB 152 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks

Sponsor:

Indeed
Support Invest Like a Boss: Join our Patreon

Discussed:

Equity Estates
Special ILAB Listener Offer for Equity Estates through October 1st, 2020
Save up to $30,000 and delay your dues until you're ready to travel when you sign up Here

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:

06:23 – How did Equity Estates start?
12:40 – How would you describe Equity Estates?
16:12 – How does Equity Estates compare to a timeshare or secondary home?
21:28 – What are the general characteristics of the properties?
23:56 – Where are the properties usually located and how do you select?
25:06 – What are the requirements and minimum investment to invest?
27:29 – How does the concierge experience work?
33:05 – How do you manage the expenses of all the properties?
37:08 – How do the average investor utilise their time at the property?
40:57 – Patreon: Do you have investment opportunities for non-accredited investors?
45:00 - Patreon: How does your affiliate portfolio work on the business side?
46:26 - Can you discuss the different funds available?
48:07 - Can anyone invested in any fund can access any property?
48:49 - Patreon: Are you seeing any impact from Covid-19?
49:53 - What is your favourite property in the portfolio?
55:20 - Sam and Johnny Recap

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!

151: Location Arbitrage - Living and Investing Overseas Aug 29, 2020

Show notes

Sam and Johnny talk about some of Sam’s investments in real estate, and the benefits and challenges with investing in properties overseas as opposed to properties in the US.

Listen to ILAB 151 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @i msammarks

Sponsor:

Indeed
Support Invest Like a Boss: Join our Patreon

Discussed:

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:

20:39 – Benefits of living and investing overseas?
32:11 – Sam’s Investments in real estate?
40:47 – Discussion on one of Sam’s Investments 6th Avenue Phuket
43:39 – Are their perks of owning these properties as long term living options for you?
49:24 – Johnny speaks about a possible investment for him
60:52 – Patreon Question: What are the pros and cons for Nomads using an Air BnB?

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!

150: Worthy Bonds - Sally Outlaw Aug 21, 2020

Show notes

Sally founded Worthy Financial to bring higher yielding alternative investments to the public. Her personal and company mission is an economic opportunity for all. She used newly updated securities regulations as part of the JOBS Act, to create a way for everyone to painlessly save while earning 5% on their money – and to do it while helping community businesses thrive. With a focus on the JOBS Act, she works to help investors and business owners navigate the new capital opportunities that arose with these new laws.

Sally is a seasoned entrepreneur having run her own businesses for the last 30 years. Her media and business ventures took her across the globe – including ten years of conducting business in Russia. More recently, she has been a contributor to and speaker for Entrepreneur Magazine, various universities, and business incubators on the topic of alternative finance and has been a repeated source on the topic of crowdfinance for national media outlets. She also authored the book “Cash from the Crowd” on how to successfully crowdfund which was published by Entrepreneur Press. Sally holds both a real estate broker license as well as a Series 65 license as a Registered Investment Adviser.

Listen to ILAB 150 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks

Sponsor:

Masterworks Use our exclusive Masterworks code BOSS at signup to skip the 70,000 person wait list and get first dibs
Support Invest Like a Boss: Join our Patreon

Discussed:

Worthy Bonds (get 1 free bond with this link)

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:

08:53 – What makes your investment “worthy”?
11:49 – Can you describe some of the assets you offer?
13:09 – How long has worthy bonds been around?
16:13 – What makes it a bond and not another kind of investment?
18:07 – Can you explain the 36 month term, if you can cashout or redeem at any time?
20:08 – How often does interest pay out?
21:52 – Who can invest in worthy bonds?
27:05 – How did you settle on a return on investment percentage?
32:46 – What is the lowest investment to start with worth bonds?
33:52 – Can I reinvest the interest I’ve earned on worth bonds?
37:22 - Can somebody buy bonds through their IRA or retirement account?
39:42 - What is the “Worthy Roundup Programme”?
36:24 - What is the “Golden Egg” Promotion?
44:39 - Sam and Johnny Recap

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!

149: Die With Zero - Bill Perkins Aug 11, 2020

Show notes

Bill Perkins is the CEO of BrisaMax Holdings, a consulting services firm based in the US Virgin Islands. Called “The Last Cowboy” in a recent Wall Street Journal profile, after studying electrical engineering at the University of Iowa and training on Wall Street, Perkins moved to Houston to make a fortune as an energy trader.

In this episode, Bill will share the plan for optimizing your life, stage by stage, so you’re fully engaged and enjoying what you’ve worked and saved for. You’ll discover how to maximize your lifetime memorable moments with “experience bucketing,” how to convert your earnings into priceless memories by following your “net worth curve,” and find out how to navigate whether to invest in, or delay, a meaningful adventure based on your “spend curve” and “personal interest rate.”

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – Colorado / IG @imsammarks
Bill Perkins - Capri, Italy / IG @billperkins

Sponsor:

Support the Show: Join our Patreon

Discussed:

"Die With Zero" Official Site: Diewithzerobook.com
Buy "Die With Zero on Amazon: Amazon.com/Die-Zero-Getting-Your-Money
Facebook: Facebook.com/Die-With-Zero
Twitter: Twitter.com/bp22

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:

01:24 - Sam & Johnny FD’s episode introduction
08:08 - How to get 50% OFF your travel expenses
18:26 - “It’s about maximizing your life, fulfillment, memories that you’re going to create for yourself and retire on” - Bill Perkins
19:01 - Should you pass down massive cash to your kids?
30:07 - Ways to balance your lifestyle with the money in and out
32:58 - Switch to a more spending and abundance mindset
33:28 - “Shift the fear of running out of money to not living life” - Bill Perkins
34:48 - Does the 4% rule still work?
40:11 - Sailing the world with Dan Bilzerian
48:41 - Investing based rapid-fire questions
58:00 - Sam & Johnny FD’s episode wrap up and key takeaways

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!

148: Q2 Update 2020 - Patreon Exclusive Jul 24, 2020

Show notes

Sam and Johnny sit down to review our investments, talk about our new trades, buys, sells, holds, what we thought of the quarter and what we plan to do going forward into the next few months. This and all quarterly updates going forward will be Patreon only exclusives, and will be in video format so we can more easily share our screens and account dashboards.

Watch the full 2 hour video update and breakdown by becoming a Patreon supporter and support the show!

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks

Sponsor:

Support Invest Like a Boss: Join our Patreon

Discussed:

Too many to list. We review our entire portfolios.

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
WorthyBonds - Get 1 free bond when you sign up
(non-accredited investors OK)

*Johnny or Sam invest in all of the above services personally.

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!

147: Stripper Economics 101 - How Lucrative is Professional Dancing Jul 15, 2020

Show notes

MEET YOUR FAVORITE LUSCIOUS BABE COACH, LAUREN ALLEN

A semi-retired stripper turned Super CEO, this bitch has seen it all.

Sex, Psychedelics, Music Festivals, and an abusive relationship sent this queen on a journey of exploration and self-discovery at 18.

Hella mistakes, alcoholism, and a ballsy jump into the strip club a year later catapulted her to become her very first mindset client.

Her intuitive approach to the hustle, soulful sales strategy, humor, and trauma-informed mindset work makes her a sexy + well-rounded coach whether you're 9-5 or shakin' that ass.

You can expect a Sailor Levels of cursing, lots of laughs, brilliant brainstorming, and a business bestie that will hype you up as you bust through your own bullshit.

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks

Sponsor:

Support Invest Like a Boss: Join our Patreon

Discussed:

Luscious Lifestyle by Lauren

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:

08:46 – Why do you think guys go to strip clubs?
11:34 – How did you get into the industry?
13:41 – What are the different ways to make money in the clubs?
14:55 – Does the house get a cut, or how does it work?
16:52 – “...there is no way of knowing who has what[money]..” - Lauren Allen
19:30 – What cities have you danced in?
21:18 – “This whole industry is not regulated at all” - Lauren Allen
23:15 – Have you ever tried webcamming?
25:16 – What’s the most, and what’s the least you ever made in one night?
29:48 – What are the other side business strippers have?
30:32 - Do you have savings or investments?
34:39 - Do you go through any training to become a dancer?
36:24 - What is the typical lifespan of a stripper?
40:31 - Flip Switch Question: What do you recommend a stripper do with her income? - Lauren Allen
42:43 - Is a breast enhancement a good investment?
44:27 - Have you ever been paid in anything other than money?
45:41 - Do you have a shift schedule?
47:01 - Do you have an idea of how much the strip club owners make?
50:25 - Sam and Johnny Recap
68:42 - Derek’s Recap

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!

146: Does Art Out-Perform the S&P500? MasterWorks’ Scott Lynn Jun 20, 2020

Show notes

Scott Lynn is the Founder and CEO of Masterworks, the first company to allow investors to buy shares representing ownership of great masterpieces by artists like Warhol, Monet, and Banksy. Scott has been an active collector of contemporary art for more than fifteen years and has built an internationally-recognized collection of Abstract Expressionism that has included works by Clyfford Still, Barnett Newman, Mark Rothko, Willem de Kooning, and more. In addition to Masterworks, Scott serves on the board of v2 ventures (Adparlor, Giant Media, Reachmobi, Amply, and Sellozo), Payability, and the Brooklyn Rail (a non-profit publication in the art industry).

In this episode, Scott is discussing art as an investment class and compares it to other regular investments and how the regular person can get involved. After listening, you will better understand Art as an asset class and information on the company Masterworks!

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks

Sponsor:

Support Invest Like a Boss: Join our Patreon

Discussed:

Masterworks

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:

08:24 – Are you passionate about art as a collector or have you primarily looked at it as an investor?
10:59 – Do you see a flood of money going into art presently?
13:07 – “last year approximate 6.8 Billion in art sold” - Scott Lynn
15:10 – When you buy a “Blue Chip” piece, where are they held or displayed?
16:04 – What makes a piece of art “Blue Chip”?
17:13 – “You do see a correlation between an artist passing away and prices going up, but it's not because the artist passes away, its because the artist is no longer producing work” - Scott Lynn
20:10 – How does the whole buying and procurement process happen?
24:18 – What’s the average price of a piece on Masterworks?
26:53 – What’s the typical length of time that your money is invested in these paintings?
28:56 – Q&A from ILAB community
35:07 - Derek’s Recap

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!

145: Coffee Shop Economics with Coffee Beanery’s Kevin & Laurie Shaw Jun 10, 2020

Show notes

Laurie Shaw is the COO of Coffee Beanery, the best provider of 100% Arabica Specialty coffee with 40+ Flavored Coffees offered in Decaf Swiss Water Process. In addition, she manages gift sets, fundraising, franchising, & wholesale. Kevin Shaw, the Director of Franchise Sales, joined the family business as a manager of the Ren Cen store in Detroit and soon after moved back to corporate to develop the roasting, flavoring and packaging processes that have evolved into what you see today.

In this episode, Laurie and Kevin are taking us behind the scenes of their franchise to share what it’s like to run a coffee shop. Learn about the epic risks and big rewards of opening a coffee shop including the earning potential. After listening, you will understand the economics of owning a coffee shop and the vital steps in making it your next financial success!

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks

Sponsor:

Support the Show: Join our Patreon

Discussed:

Coffeebeanery.com

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:

20:26 - Consumption patterns for coffee globally over the past few decades
25:02 - “People like going places that are more special and unique.” - Laurie Shaw
26:47 - The economics of owning a coffee shop
29:10 - Different products they sell and the revenue each product brings in
29:44 - How Coffee Beanery has responded to the rise of remote work and coffee shops becoming like coworking spaces
31:00 - The online order environment in the coffee business
33:22 - Where do their coffee beans come from?
37:01 - “People do business with people they like, and they will take an inferior product if they get an excellent experience.”- Laurie Shaw
40:50 - The cost and profit of a cup of coffee
41:35 - When and how Coffee Beanery moved towards the franchised model
44:43 - The requirements of becoming a franchise owner
55:00 - How Coffee Beanery creates customer loyalty
58:20 - The stats behind Coffee Beanery and other big coffee companies

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!

144: Own Your Future – Digital Assets, with Flippa CEO Blake Hutchison May 22, 2020

Show notes

Blake Hutchison is an accomplished entrepreneur and the CEO of Flippa, a marketplace for buying and selling online businesses, based in Melbourne, Australia, and San Francisco. Prior to Flippa, Blake was the general manager and chief revenue officer of Luxury Escapes and head of strategic partnerships at Xero. Blake was also the founder of GOOD44, a venture capital-backed specialty food marketplace helping small business owners target a new customer base.

In this episode, Blake will share his experience with buying and selling domains including other digital assets. Find out how to successfully invest in this space and what you need to know before buying a new website. Listen to the end to learn about new online business opportunities.

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks
Blake Hutchison - Melbourne /IG @blakenow

Discussed:

Flippa.com

Sponsor:

Support the Show: 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:

01:03 - Adjusting to the stay-at-home recommendations
10:30 - A background and introduction to Blakes Flippa organization
19:55 - Flippa's buying and selling process
29:50 - The process of buying any digital business
32:08 - “The reality is that digital assets is where people will look to spend their time.” - Blake Hutchison
40:08 - Thoughts on Amazon Affiliates lowering their commissions and how you can adjust for this
50:08 - Some of the top sites to buy right now
1:11:11 - “It’s less about how many views your listing had, it’s more about pinpoint matching.” - Blake Hutchison
1:12:47 - Getting sale notifications through Shopify stores
1:19:08 - Discussing massive new online business opportunities

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!

143: Luxury Real Estate, with Ryan Serhant May 06, 2020

Show notes

Ryan Serhant is an American real estate broker, bestselling author, producer, and star of Bravo’s two-time Emmy Nominated reality television series, Million Dollar Listing New York, and its spin-off, Sell It Like Serhant. Ryan is also the leading member of The Serhant Team—an NYC-based, bi-coastal real estate group that has consistently ranked as the #1 sales team in New York and among the top five teams nationwide.

In this episode, Ryan Serhant will share an inside look into selling a billion-dollar per year of luxury real estate. Get insight into how high-end private deals are created including buyer and seller fee structures. In the end, you’ll hear about the ways Sam and Johnny FD are maintaining personal and professional success during this pandemic.

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks

Sponsor:

Support the Show: Join our Patreon
Sponsor: Boardwalk Wealth

Discussed:

ILAB 105 – Cap Rates – Understanding Real Estate Yields and Valuations
ILAB 125: Vetting Real Estate Deals Terms, with Omar Khan

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:

02:23 - Quarantine update and personal insight
13:41 - Transitioning into the NYC real estate market
18:18 - Analyzing the buyer and seller fee structures
22:13 - Do you need an agent or broker to close deals
23:19 - “Hang out with people that have similar interests as you and are in your same wealth group” - Ryan Serhant
25:09 - Buying your first home after a large windfall
28:09 - Options for those with homes that won't sell
29:09 - “The average days on market for a property $20 million and above is 2 years” - Ryan Serhant
36:24 - Ryans future dreams and business goals
45:25 - Properly recovering & adjusting during the pandemic
51:52 - Final thoughts, key takeaways, and reading iTunes reviews

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!

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