Invest Like a Boss

Latest Episodes:

52: The # 1 Rule of Investing, with Phil Town May 03, 2017

Show notes

Phil Town is an investor, motivational speaker, hedge fund manager and 2x New York Times best-selling author. Through Rule #1 Investing, he teaches personal investing at a free 3-day workshop where he empowers people to invest money on their own and stop relying on fund managers to determine their financial future.

Phil started in the U.S special forces and worked as a Grand Canyon river guide up until 1980. He fell into finance in such a unique way and managed to turn $1,000 into over $1 million in just 5 years. Find out how Phil's methods contributed to all of his success in life and investing.

Links:

Linkedin
Facebook
@Rule1_Investing

>Phil’s 3-Day Transformational Investing Workshop

Where are we:

Barcelona - Sam & Johnny FD
Atlanta - Phil

Discussed:

ILAB 50 – Wealthfront CEO Andy Rachleff, Investing the Robo Way

Invested: The Rule #1 Podcast is LIVE. Here Are Episodes 00-03

Book:

Start Here

Time Stamps:

03:17 - Serving in the green Barrett
04:17 - Exploring East Coast of United States
08:18 - Rafting guide in the Grand Canyon
09:38 - Making the first million
12:10 - Meditating with family
20:39 - Investing before the internet
26:28 - Modern Portfolio Theory
29:37 - The number one rule of investing
32:53 - Is accessibility to the market bad?
35:55 - Buying in a depressed market
38:31 - Should you play the market crash?
41:56 - The 4 investing principles
42:54 - Learning from people like Warren Buffett
55:23 - Snapchat investing opportunity
1:00:24 - Do you need a financial advisor?
1:05:04 - Risky investment portfolios
1:06:13 - Facebook stock value
1:07:35 - Managing a work-life balance

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51: Kitco Global Trade Director, Peter Hug’s Views on Markets and Metals Apr 26, 2017

Show notes

Peter Hug is the Director of Global Trade at Kitco Metals Inc, which has retail and online departments for trading metals as well as a news division called Kitco News. Peter is one of a handful of experts who have succeeded through multiple bull and bear cycles using skills honed during the dramatic fluctuations of the 1980s. Prior to joining Kitco, Peter served as Senior Vice President at Guardian Trust Company, now a part of Laurentian Bank, which became one of the largest international trading houses for precious metals.

With equity markets surging, we wanted to hear from Peter on his views of precious metals, where they belong in your investment portfolio and how fed and geo-political variables can affect prices. Peter also shares with us daily operations at Kitco and some interesting insights to the purchasing of physical metals.

Links:

Kitco

Try Fundrise – Invest as little as $1,000 with this link (un-accredited Investors OK)

Where are we:

Peter - California

Discussed:

ILAB 38 – Chris Dunn: Bitcoin, Crypto-Currencies, and How to Profit

ILAB 21 – Silver Bullion CEO: Why and How to Buy Precious Metals

ILAB 12 – Real Estate Investing with Fundrise CEO Ben Miller

Book:

Emergency - Neil Strauss

Time Stamps:

03:15 - Peter’s background

04:57 - The face of Kitco

06:48 - Equity market since Trump's election

11:48 - Peter’s personal asset allocation model

12:48 - Should you buy gold?

21:14 - Hong Kong gold crafts

25:11 - Buying gold from the US government

30:10 - Silver and gold % in your portfolio

32:57 - Fed raises rates and inflation

34:50 - Buying mints for liquidity

37:23 - Agnostic gold

39:45 - Highest volume coin in retail store

40:44 - Who buys good delivery bars

42:38 - Johnny’s father is alive because of gold

43:59 - Stealing $20,000 of gold coin

46:06 - Carrying a gold coin in your pocket

49:26 - Trading Cryptocurrencies in the future

50:42 - Investing in precious metals

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!

50: Wealthfront CEO Andy Rachleff, Investing the Robo Way Apr 18, 2017

Show notes

Andy Rachleff is not only a veteran in finance, he is also a pioneer in modern investing. Wealthfront is due more than their fair share of pioneering and innovating Rob-advisors, and helping millions of people start investing in the market in a smarter, more efficient way. At the time of this episode, Wealthfront is managing over $5.5 Billion for all types of investors from beginners to high net worth individuals. Robo-Advisors (or automated investing as Andy prefers to call it) have been sweeping the finance sector making it easy and transparent to invest in the market.

On this episode, we get to tap into Andy’s nearly 4 decades of experience in finance and investing, explore efficiencies in the Wealthfront platform, and see who Robo-Advisors are a good investing instrument for.

Links:

Linkedin
@arachleff

>Try Wealthfront – Get $15,000 managed Free

Where are we:

South Carolina - Sam
Northern California - Andy
Bali - Johnny FD

Discussed:

If you like vanguard, you’ll love Wealthfront

Book:

A Random Walk Down Wall Street - Burton G. Malkiel

Time Stamps:

02:52 - From VC to entrepreneur
05:02 - A tip to outperform the market
06:55 - Financial advisors
08:54 - Choosing fund and ETFs
14:23 - Artificial Intelligence usagexxx20:41 - Three ways you can control the market
25:31 - Time-weighted return vs money weighted return
29:01 - Passive investing
33:05 - Robo-advisors market share
35:02 - Software based auto advisors
39:17 - Is there a future for traditional advisors?
42:30 - Tax loss harvesting
44:50 - Lump sum or dollar cost averaging
46:55 - Time-weighted return vs money weighted return
51:00 - Is Robo-advisory right for you?

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49: How to Make $500K a Year Doing Door-2-Door Sales Apr 12, 2017

Show notes

Bryan Ravit is a tenacious, 32-year-old salesman who is mastering the art of the selling. For over a decade, Bryan has been doing sales the hard way, cold calling, and door-2-door. He has continuously developed and refined his skill and used it to bounce back from tough financial situations and thrive, really thrive. He is on track to make $500k this year, with most of that coming in just a 7-month window. Bryan started in sales as just a teenager (and was admittedly not very good) and has since learned how to sell to just about anyone, and anywhere. Drop him in any neighborhood in America and he will end the day several thousand dollars richer. He is as ambitious as he is inspiring, helping all types of people learn how to sell and make their own way by watching him do exactly that.

This episode proves that there are many ways to make money by investing in yourself and developing skills, even when it can be extremely uncomfortable to start. Sales, especially door-2-door have been around for 5000+ years, and it has never been easier to make big $ apply this skill than in modern day.

Bryan’s info

(+1) 850-445-8095
Ravit.bryan@gmail.com
Facebook

Vivint Smart Homes

About Vivint
Promo video about the sale position
**Vivint was rated as one of FastCompany’s 2017, 50 most innovative companies

Discussed:

Try Fundrise – Invest as little as $1,000 with this link (un-accredited Investors OK

Books:

Influence - Robert B. Cialdini
Sell or Be Sold - Grant Cardone
Cashvertising - Drew Eric Whitman

Time Stamps:

04:20 – What makes a good salesman?
06:18 – First sale ever made
09:34 – Overcoming cold call selling
16:50 – Making $45k at Cut Co Cutlery
20:41 – Cold call phone call example
27:26 – Vivint smart homes security
29:08 – Breaking and entering at Sam’s house
33:13 – Choosing clients and fulfilling orders
39:40 – Restricted places for door to door sales
42:55 – Balancing sales and management
44:31 – Sales walkthrough strategy
49:58 – Knowing when to give up
52:28 – Reading body language
53:44 – Getting in trouble with the cops
56:04 – Four characteristics of a good salesman
1:00:20 – Future plans and goals
1:01:30 – Anticipating the real estate market crash
1:04:25 – From zero to $500k per year

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!

48: Q1 Investment Updates: Invest Like a Boss Apr 05, 2017

Show notes

It’s the end of Q1 and Johnny and Sam catch up on all things including investment performance, winners and losers, what their Q2 plans are, and major takeaways from the last 3 months of Invest like a Boss episodes. They also reveal and disclose their personal investments and asset allocations including some investments you may not of known about.

On this episode, you will also hear about which investments of theirs have recently started cash flowing, clarifications and discussions from previous episodes, and their thoughts on early retirement. Each quarter, the two hosts will maintain an episode in this format to formally catch up on all things personal finance and investing related. We hope you find value in this Q1 update from Invest Like a Boss.

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

Try ARTofFX – Start a limited account for $5,000 with this link (Unaccredited Investors OK)
Try Fundrise – Invest as little as $1,000 with this link (un-accredited Investors OK)
Try PeerStreet – Geet a 1% yield bump with this link
Try Wealthfront – Get $15,000 managed Free

Discussed:

Just bought more facebook stock - Johnny FD Blog Post

Digital Nomad Live Talk

Books:

Dotcom Secrets - Russel Branson
The 10X Rule - Grant Cardone
Rich Dad Poor Dad - Robert Kiyosaki
Infantry Attacks - Erwin Rommel
The Sale of a Lifetime - Harry S. Dent Jr

Time Stamps:

02:19 - Learning to surf
06:02 - Retiring at a young age
12:34 - Stocks, bonds, and funds
15:48 - Vanguard quarterly income returns
20:37 - Cash investments
22:40 - Wealthfront updates and accounts
28:22 - Fundrise REIT investment cap
30:36 - Maple Tree & Hong Kong storage
35:50 - Lending Club account value
38:14 - Buying a Maserati with foreign exchange trading
44:19 - Sams asset allocation update
53:04 - Future market crash
55:22 - Buying Tesla & Facebook Stock
58:44 - Investing in our health
1:05:25 - Retire and become a millionaire

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!

47: CPA to Self-Made, Bryce Leo’s Multi-Million Dollar Crush Empire Mar 29, 2017

Show notes

Bryce Leo is the 31-year-old owner of Crush Empire, which specializes in online prep courses for advanced education exams. Bryce has a classic hustler story grounded on investing in himself, and one that has evolved quickly over the last 5 years. What makes Bryce so unique is that he started where so many people have been before, out of school with a degree and good career lined up (CPA) and decided to abandon it all to invest in his future and work to live life on his own terms. Most impressive though, is how he is continuously making the decision to reinvest everything back into himself and his business in an attempt to outpace competition and truly innovate in the field.

While he had made enough money to retire in his 20’s as only an affiliate, he continues to shoulder more risk and push the limits into new verticals. Where others would get complement with their blossoming earnings, he has scaled his income to now over 6 figures of monthly income. Bryce has an inspiring story that anyone who is interested or already involved in online business should hear. Listen to his full story in this new episode titled CPA to Self-Made, Bryce Leo’s Multi-Million Dollar Crush Empire.

Links:

Website

@CRUSHtheCPA

Clean up Your Inbox Now - SaneBox

Books:

Call me Ted - Ted Turner
Outliers – Malcolm Gladwell
The 10X Rule - Grant Cardone

Start Here – Recommended reading

Time Stamps:

04:14 – Building a positive work environment
08:45 – DC BKK network
11:45 – Working as a CPA
14:41 – Affiliate marketing niches
18:40 – Making $1,000 a month in Bangkok
27:38 – SEO case studies
35:48 – Affiliate programs growth
44:00 – Virtual reality learning
48:00 – Split testing
52:00 – The future of online education
57:45 – Investing in yourself
1:04:01 – Conferences networking
1:10:20 – Choosing a niche

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!

46: Flags Theory, the 5 Flags of Diversification with Lief Simon Mar 22, 2017

Show notes

Lief Simon is the boss over at Offshore Living Letter, which produces publications and offers services to help people internationalize oneself and their financial interests. He has lived in several foreign countries himself and put his good word to practice in internationalizing his life and assets. There are various reasons individuals should consider planting flags overseas and Lief sits down with us to discuss why it is important.

We go into detail on which flag with actionable steps individuals can take to get started on each. Banking, Residency, Citizenship, Asset Protection, and Business Incorporation round out the 5 flags. While internationalizing oneself is not immediately on the minds of everyone, it's important to understand what situations may arise now or in the future that may provide personal and financial benefits to taking active steps. Listen to this full episode for an introductory to Flag Theory with Lief Simon.

Links:

Live and Invest Overseas
@LiveandInvest

Offshore Living Letter
@OffshoreLetter

>Sign Up for their free newsletter

Where are we:

Panama - Lief Simon
San Diego, CA - Sam
Bali, Indonesia - Johnny FD

Discussed:

Simon Black – Finding Outsized Returns Off the Beaten Path - ILAB 19
Building the Crash Proof Retirement System with Phil Cannella - ILAB 44
Stan’s Brutally Honest Factual Expertise About Annuities - ILAB 04

Books:

Start Here – Recommended reading

Time Stamps:

02:19 - Traveling the world
03:14- Offshore living letter
04:45 - Flag theory overview
06:00 - Internet security
07:00 - Bitcoin FBI investigation
07:45 - Offshore banking
15:52 - Foreign residency
18:10 - Best countries for a second residency
22:00 - Tax treaties
26:30 - Citizenship benefits
37:20 - Protecting your assets
41:00 - US based asset held in offshore trust
44:00 - Overseas business incorporation
51:40 - Global conferences
57:34 - Spending money in SE Asia
59:15 - renouncing US citizenship
1:00:49 - Tax exclusion
1:02:29 - Thai elite residency
1:08:56 - Foreign country possibilities
1:14:40 - Opening a company in Belize
1:16:45 - Spending money with no tax
1:19:00 - Protecting our assets

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!

45: Behavioral Finance and How Betterment is Optimizing Around It Mar 15, 2017

Show notes

Dan Egan is the Director of Behavioral Finance and Investments at Betterment. He has spent his career using behavioral finance to help people make better financial and investment decisions. Dan is a published author of multiple publications related to behavioral economics.

We were fascinated at the prospects of how technology and psychology may be blended to help us as investors make better decisions, and in many ways, make fewer decisions. Dan joins us to talk about his background in the field, analysis of mountains of behavioral data, and how Betterment is optimizing their platform around a very important part of investing – human emotions.

Links:

Website
Linkedin
@daniel_egan
Betterment archives for Dan Egan

> Try Betterment for 6 Months Free with this link

Discussed:

Betterment CEO Jon Stein: A Decade of Pioneering Robo Advisory - ILAB 22

Sam Mark’s Personal Millions and Show Introduction - ILAB 01
From $1k to Future Millionaire: Johnny FD’s Investments - ILAB 02
From $0 to Self Made, How to 300X Your Investment - ILAB26

Time Stamps:

03:53 - Beginning in behavioral finance
06:50 - Stock market crash
10:20 - Altering decisions from emotion
14:20 - Personality traits for investing
19:00 - Tax impact preview
23:30 - Conservative and liberal taxpayers
26:00 - Buy and hold vs. active manager
28:00 - Getting hired at Betterment
31:00 - The Betterment team
34:44 - Design and user experience
38:00 - Recession and market crisis plan
43:28 - Marketing timing and dips
46:22 - Internal growth vs. the competition
51:20 - Call in advisor service
56:10 - Making quick emotional decisions
59:30 - Anticipating the next downturn
1:00:30 - Investing in yourself
1:06:00 - Surfing in Bali & skiing in Tahoe
1:06:40 - Betterment vs. other Robo-advisors

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!

44: Building the Crash Proof Retirement System with Phil Cannella Mar 08, 2017

Show notes

Phil Cannella is the founder and creator of The Crash Proof Retirement System. The Crash Proof System was born in the ashes of the financial collapse of 2000 and developed to bring consumers a strategy that guarantees preservation of principle while still achieving adequate growth. Phil has been in the insurance industry for a whopping 41 years and got his start and success through endless hard work and hustle, which included nearly a decade of door-to-door sales.

Over the course of his career, he has interviewed some of the top financial and political insiders in the world and seen just about everything on Wall Street. We sit down for a rare and extended interview with Phil to get his take on the world markets, investing, work ethic, and of course retirement planning.

Links:

Website
Facebook
@PhillipCannella

Phil's bio video

Educational Event Teaser
WPHT Philadelphia
WFTL South Florida

-Crash proof retire events

Discussed:

Video Testimonials

Video of SEC Interview - Playlist

Audio file of Jim Cramer

Stan’s Brutally Honest Factual Expertise About Annuities - ILAB 4

Time Stamps:

06:23 - World financial crisis
22:10 - $2.8 billion debt crash
30:10 - Insurance industry
33:40 - Fixed annuities
36:20 - ADHD & dyslexia
41:01 - Publically humiliated
45:04 - Pharmaceutical drugs
48:55 - Recession proof investment
54:10 - Annuity growth
1:00:38 - Insurance companies vs. banks
1:15:20 - Life insurance firewalls
1:18:20 - B++ bonds
1:22:10 - Safety nets
1:25:10 - Guaranteed renewable contract
1:37:10 - How to find success
1:40:30 - Crashproof educational process
1:48:48 - Tax-free legacy
1:54:53 - Demographics for fixed index annuities
2:05:30 - Investing in life insurance
2:10:17 - Are fixed rate annuities right for you?
2:12:00 - Greece’s debt
2:12:50 - Education, research, and network
2:14:00 - Interest rates and fees

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!

43: Fundrise eREITs: How to Choose Your Investments with Kendall Davis Mar 01, 2017

Show notes

Kendall Davis is the All-Star Director of Investments at Fundrise and based in Washington D.C. Since Episode 13 with their CEO Ben Miller, we have made multiple new investments into the Fundrise eREITS. As with other modern investment products, new questions are constantly popping up around the structure of the investment, how it works, and what to expect. Previously, Kendall had fielded several of our questions and helped us grow confidence in our investment selections.

We were excited to have her on this new episode to answer a fresh batch of listener submitted questions including some of our own. In addition, Fundrise just announced their own IPO and Kendall discussed what this means for investors and their company.

Links:

Linkedin
@KendallDavisDC
contact@fundrise.com
investments@fundrise.com

Discussed:

Real Estate Investing with Fundrise CEO Ben Miller - ILAB 12
What You Need to Know About Dividend Investing in 2017 - ILAB 42

Time Stamps:

04:39 - Growth REIT pay off
09:40 - Dividend distribution
13:10 - Providing equitable access
15:50 - Choosing a REIT to invest in
19:40 - Tax consequences
21:50 - Tracking the value of assets
26:55 - Unrelated fundamental factors
28:35 - Borning annuities
29:50 - Holding regional funds
32:32 - Fixed rate of return
34:20 - Liquidity options
38:18 - IPO
43:10 - Support Q&A
45:50 - Blocked Paypal account
48:01 - Johnny & Sam’s REIT investment
51:50 - Fundrise service perks
55:10 - IPO details

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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