SPI 894: Becoming a Lifestyle Investor with Justin Donald
Listen to the original audio · Transcribed with NVIDIA Parakeet · Why times can differ in your player
Commandment number one in my book is lifestyle first. So how can I invest in a way that enhances my lifestyle and decreases my time spent, right? Truly a passive activity, not something that you can say is passive that requires time. And so that really was kind of the the genesis of the lifestyle investor was how do we create an epic lifestyle? What does it cost to live?
How do we create the passive income to get there? Because once you buy your time back, now you can, you know, live for impact, fulfillment, for passion. The world opens up and life is just never the same again. But we know that the largest wealth transfer in the history of the world is underway. Over the next 15, 20 years, baby boomers are going to pass down anywhere from $80 trillion to $105 trillion.
It's the largest wealth transfer ever. So what do millennials like to do? Baby boomers are passing this to millennials. So how do they shop? How do they live?
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