This post is part of the 📖 The Lifestyle Investor series.
Today, I am reading Commandment 4: Get the Principal Back Quickly section of the book The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom written by Author, Justin Donald.
What if there were a simple, proven system to get you off the hamster wheel, create cash flow, and generate real wealth with little risk or complexity?
The Book The Lifestyle Investor is your ticket to:
- End trading time for money so you have more of both
- Create immediate cash flow while reducing your investment risk
- Replace your job with passive cash flow streams that multiply your wealth so you can live life on your terms.
- Join the super-achievers experiencing wealth and freedom today!
Yesterday, I started to read Commandment 3: Find Invisible Deals section from the book.
Commandment 4: Get the Principal Back Quickly
It isn’t sufficient just to want. You’ve got to ask yourself what you are going to do to get the things you want. — Franklin D. Roosevelt
I love free money. How about you?
Let me describe a perfect deal. You invest money into this deal, you get all your money out in less than two years, and you retain equity so that when the asset is sold, you make additional money, generate cash flow during the holding period, and have the ability to take tax deductions for an extra kicker (or free money).
The big challenge a traditional investor has versus a Lifestyle Investor is the complexity of building and scaling a team. It’s easy to get into a circumstance where a team’s cost, all the overhead, and your time can exceed the profit you’ll make and the risk you have to take.
Quick Principal Back Deals
The goal of this strategy and the commandment is to get your money back within one to three years rather than five to ten as with most investments.
The Velocity of Money
Two of my commandments specifically address it. Commandment 4, “Get Principal Back Quickly” and Commandment 5, “Create Cash Flow Immediately” are important because both of those criteria create velocity of money.
Commandment 5: Create Cash Flow Immediately
- Commandment 1: Lifestyle First
- Commandment 2: Reduce the Risk
- Commandment 3: Find Invisible Deals
- Commandment 4: Get the Principal Back Quickly
That’s it for today. Tomorrow, we will continue read the Commandment 5: Create Cash Flow Immediately
Buy or Not to Buy:
This book blew my mind. I think I am with the right company with this book. As I turn each page, I can’t wait to see what I will get out of this book. A must-read book if you care about your money and lifestyle.
Author(s): Justin Donald
Part 17 of 25 in the 📖 The Lifestyle Investor book series.
Series Start | The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom - Day 16 | The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom - Day 18