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"I Lost $1,000,000 on One Mistake" with Justin Donald; Expert Investor

"I Lost $1,000,000 on One Mistake" with Justin Donald; Expert Investor

FromBig Business Mistakes


"I Lost $1,000,000 on One Mistake" with Justin Donald; Expert Investor

FromBig Business Mistakes

ratings:
Length:
64 minutes
Released:
May 23, 2023
Format:
Podcast episode

Description

Justin Donald is the founder of the Lifestyle Investor, and he is the master of low-risk cash flow investing.He has successfully negotiated over 200 deals and established a diverse portfolio of profitable real estate businesses. His extensive expertise includes owning one of the largest mobile home park portfolios in the United States, which is an impressive feat in itself. The idea of investing in mobile home parks may seem unconventional to some, but Justin's remarkable achievements prove otherwise. In addition to his real estate ventures, Justin is also a renowned author. His book, titled "The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom," skyrocketed to the top of the charts, earning him the prestigious status of a number one bestseller in the Wall Street Journal and USA Today. I Can't Believe They Said That:“To invest in someone who has never gone through a recession is kinda scary to me. I want to see someone who has been… in their business/industry for at least a recession” - Justin Donald 22: 30“CS Lewis says that the homemaker is the most important career and all other careers are designed to support the homemaker. It’s the most important job.” - Justin Donald 29:57“Your calendar is the greatest reflection of what your priorities actually are.” -Justin Donald 32:33I said I was a family man, but I wasn’t a family man. I just “squeezed family in” 32:33“It’s really important who you get into business with. . . A business partnership is form of marriage. . . . most business partnerships break up at some point in time. “You become an expert at over 10,000. If someone doesn’t have 10 years at something, they’re not an expert.” Justin Donald 54:54Justin Donald's Biggest MistakesMistake 1: Not listening to my attorney and losing a million dollars. 06:31Mistake 2: Not doing due diligence to invest in a company. 22:12Mistake 3: Not recognizing that family and my marriage was first. 39:25Mistake 4: Not vetting beliefs before buying into them. 47:20Mistake 5: Not realizing that business partnerships are forms of marriage and that most business partnerships break up at some point in time. 49:12Mistake 6: Outsourcing your money management without learning enough to properly vet those managing your funds. 50:09Mistake 7: Hiring people based on their word- Vendors, Employees, PartnersMistake 8: Putting the wrong people in the wrong seats. 56:03
Released:
May 23, 2023
Format:
Podcast episode

Titles in the series (37)

Learn through the jaw dropping stories of the biggest business mistakes and lessons from the most successful Entrepreneurs. Bypass the glitz and glam highlight reel and get the real messy truths of what it actually takes to grow a business. Welcome to the Big Business Mistakes podcast hosted by Brandon & Kaelin Poulin. Your hosts, Brandon & Kaelin Poulin, bootstrapped their most recent company LadyBoss to over $200 Million in revenues before selling the brand at 29 & 32 years old. Brandon & Kaelin are now the Founders and Managing Partners of Enterprise CEO: The Entrepreneur's Advisory and Investment Group, changing the way founder-led companies scale. They guide and equip founder led companies to scale and operate as enterprise businesses resulting in strong teams, leveraged time, amplified reach, and multiplied profits.