Books The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom by Justin Donald (Author), Ryan Levesque (Foreword), Mike Koenigs (Foreword)
"The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom" by Justin Donald is a practical guide on how to build financial independence by creating immediate, reliable cash flow from investments. The book emphasizes a "lifestyle first" approach, where investments are designed to fund the lifestyle you want without requiring your active work or time.
Specifications
Key Features
Prioritizing investments that generate immediate passive income to cover essentials, then maintain and eventually enhance your lifestyle.
Structuring deals to reduce risk and ensure monthly or consistent cash flow.
Focus on cash flow rather than just long-term capital gains or market speculation.
Recommended investment vehicles include mobile home parks, multi-family housing syndications, hard money loans, and emerging industries like legalized hemp.
The book introduces the concept of "sidecar agreements," offering investors better terms and co-investment opportunities for more secure and profitable deals.
It also discusses mindset shifts from scarcity to abundance necessary for true financial freedom.
Books The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom by Justin Donald (Author), Ryan Levesque (Foreword), Mike Koenigs (Foreword)