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059: Sam Marks on Building a $100M Exit and Learning to Invest Like a Boss

059: Sam Marks on Building a $100M Exit and Learning to Invest Like a Boss

FromThe Lifestyle Investor - Investing, Passive Income, Wealth


059: Sam Marks on Building a $100M Exit and Learning to Invest Like a Boss

FromThe Lifestyle Investor - Investing, Passive Income, Wealth

ratings:
Length:
49 minutes
Released:
Dec 9, 2021
Format:
Podcast episode

Description

Today, I’m speaking with Sam Marks. At the age of 24, after some early setbacks (including 4 arrests while in College) Sam moved from the US to the UK and founded the e-cigarette company, SKYCIG. He bootstrapped the company initially out of the back of a rental car, and grew it into Europe’s largest e-cig brand in only 4 years. In 2013, the business was acquired for $100 million! Sam had all this money, but no idea what to do with it. He gave 40% of his earnings from the sale of the business to a financial advisory team to manage—later realizing they were losing him money, even when the markets were up. He felt manipulated, duped, and frustrated by the entire process. He decided it was time to take control of his money. Despite having zero investing experience, he started the Invest Like a Boss podcast, so he could interview and learn from the most experienced investors in the world—while also passing that knowledge on to others. Sam is now an angel investor, serial entrepreneur, and his investment portfolio includes 400 self-storage units in Hong Kong, a microbrewery in Australia, rental properties across Thailand, and several early stage startups. He’s also visited more than 100 countries while living off passive income and pursuing his bucket list. In our conversation, you’ll learn about Sam’s entrepreneurial journey, what it was like to negotiate and secure a $100 Million acquisition deal, and the passive income investments that allow him to travel the world and live life on his terms. Here’s just some of what we get into: The early setbacks that led to Sam’s entrepreneurial journey How Sam’s various side hustles led to building an e-cigarette business out of the back of his car. Negotiating a $100 Million acquisition deal—and the problems he faced along the way. Why even the most successful exits are often a negative experience for entrepreneurs. Why letting an advisory team manage 40% of his earnings lost him money and ended up being a really horrible experience. Foundational investing principles you need to understand in order to master your money. How Sam diversified his portfolio and built a lifestyle around his investments—including residential property in Thailand and 400+ self-storage units in Hong Kong. FREE Gift Get Sam's free report outlining his Top 10 Tips for Stock Investing.    To get access to this gift, visit JustinDonald.com/59. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/59 Get the Lifestyle Investor Book! To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/book Rate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Justin Donald Facebook YouTube Instagram LinkedIn Twitter
Released:
Dec 9, 2021
Format:
Podcast episode

Titles in the series (100)

Entrepreneur Magazine calls Justin Donald “The Warren Buffett of Lifestyle Investing.” Imagine being able to earn passive income, long-term equity, and achieve financial freedom while gaining total freedom from your business or a job. That’s what Lifestyle Investing is all about. Justin Donald has mastered the low-risk cash flow investment principles he shares with entrepreneurs around the world. His alternative investing principles center on creating passive income and significant wealth while liberating yourself from a day-to-day job so you never run out of money. His innovative mindset principles and 10 commandments of Lifestyle Investing have released scores of entrepreneurs from the “golden handcuffs” that came with running life-consuming enterprises. This show focuses on showing today’s entrepreneurs and business executives how to think and invest to limit risk, maximize repeatable returns, and achieve retirement goals through his proven passive income cash flow strategies. Justin’s principles enable you to move from an “earned income” career to support your lifestyle with passive cash flow investments including real estate, operating companies, debt, equity, and franchises that give you the absolute freedom to live the life you truly desire. Interviews with top thought leaders, such as, John Lee Dumas, Ryan Levesque, Hal Elrod, Jon Vroman, Mike Koenigs, Phillip Stutts, Rob Dial, John Ruhlin, Brad Johnson, Robert Glazer, Mike Michalowicz, Geoff Woods, Steve Sims, and many more! For more information, visit https://justindonald.com/45