This post is part of the πŸ“– The Lifestyle Investor series.


Today, I am reading Debunking the Most Common Myths About Investing chapter of the book The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom written by Author, Justin Donald.

TL;DR! πŸ’¬

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 read Why Lifestyle Investing Is the Answer section from the book.

Debunking the Most Common Myths About Investing

Risk comes from not knowing what you’re doing. β€”Warren Buffett

Don’t follow the crowd. The majority of people are in debt, not building wealth.

My goal in this book is to show you how to become a Lifestyle Investor, no matter your current financial status.

It’s time to address six of the common misconceptions people have about investing.

Myth 1: The best way to become wealthy is by building your 401(k), following traditional investment advice, or investing in the stock market.

Run from anyone who tries to sell you a single product-driven strategy.

Run too from any plan that is average-rate-of-return-driven because the average rate of return doesn’t matter.

The average rate of return is a manipulative phrase to make people feel good about not making money and a smokescreen, so people won’t realize they’re not making as much as they think they are.

What matters is the actual rate of return and actual dollar return because that’s real money. β€” Justin Donald

That’s it for today. Tomorrow, we will read Myth 2: You can’t spend money freely today and grow your wealth at the same time.

Key Takeaways

  • Financial planners still make money on your money even when you lose money. According to SPIVA’s (S&P Indices Vs Active) 2019 year-end report, in the last fifteen years, the fund managers you pay to manage your investments do a worse job 95% of the time than if you invest in an index fund yourself.

  • Make indexes your new normal, where you pay the least amount of fees to invest in the stock market.

  • Social Security is Not Security

Buy or Not to Buy:

This chapter alone 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.


Part 6 of 25 in the πŸ“– The Lifestyle Investor book series.

Series Start | The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom - Day 5 | The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom - Day 7



Amazon Associates Disclaimer! πŸ’¬
As an Amazon Associate, I earn from qualifying purchases. I make a tiny commission if you buy using one of the links above at no additional cost to you. I use the money to buy another book πŸ“– to review or grab a beer 🍺 Super duper thanks πŸ™Œ