The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom
Justin Donaldamazon.com
The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom
If my return is high, I might be okay having my principal remain in the investment longer because I’m earning a good return on that money. Most of the time, however, I like to get my principal back as quickly as possible because often my equity position would remain the same, even after my initial principal has been repaid.
My goal is cash flow within the first month.
Right here, I want to introduce you briefly to each principle and each commandment. Principle
Mike Koenigs and Marissa Brassfield:
Tim Nikolaev, your influence in the way I think about investing and trading time for money has been instrumental in my life. Thank you for sharing your mental framework around creating wealth and buying assets that produce income as a tool to buy your time back.
The 10 Commandments of the Lifestyle Investor™
The goal is to have it flow in a way that you can live on it. For passive income, it’s the idea that this money isn’t based on work, but on assets and other money working that don’t require your time or (in many cases) anyone else’s time, either.
Brad Johnson, Shawn Sparks, and Ryan Levesque: Thank you for your continued belief and support not only with this book but also by being the original members of the Lifestyle Investor Mastermind and Investment Club, which provided much of the original content for this book.
For me, the ideal scenario is that I get the principal back in one to two years.