Nikonomics - The Economics of Small Business
My mom always told me "There's no such thing as a dumb question... Only dumb people!"
What she meant was that those who DON'T ask questions are the dumb ones! At least, that's what makes me feel better about asking so many questions :)
I've bought, run & sold dozens of companies in the SMB space, with multiple 7-figure exits. Over the past 5 years my companies have generated over $100M of revenue and Millions of dollars of shareholder value.
Now I let my curiosity drive as I interview Entrepreneurs and ask them to walk me through how their businesses work.
Nikonomics is a place for curious Entrepreneurs and Wantraprenuers hungry to learn. So come join our big group of DUMB people, ask some questions and maybe we will learn a thing or two together.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
56 - Why He Spends $500K a Year on Masterminds with Justin Donald
Join me, Nik (https://x.com/CoFoundersNik), as I talk with Justin Donald (https://x.com/jwdonald1), bestselling author, real estate investor, and founder of The Lifestyle Investor. Justin has helped countless entrepreneurs achieve financial freedom through smart investing strategies and has built a nine-figure investment portfolio, including over 1,500 mobile home park pads, investments in dog training companies, and an early stake in Orange Theory. We cover how Justin transitioned from being an employee to creating a multi-million dollar empire, with a business model generating over $400K per month.
In this episode, we also explore Justin’s lifestyle investment philosophy, the mindset shifts necessary to achieve financial freedom, and how frustration can be turned into a driving force for success. Justin shares why he invests up to $500K per year in masterminds and the role these high-value networks have played in his journey.
Questions this episode answers:
- How did Justin Donald turn his side hustle into a nine-figure portfolio?
- What is Justin’s lifestyle investment philosophy, and how can it lead to financial freedom?
- What strategies can help generate passive income and scale a business?
- How can frustration fuel entrepreneurial success?
- How do high-value masterminds contribute to wealth-building and growth?
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This week we covered:
00:43 The Value of Networking and Masterminds
01:34 Welcome to Nikonomics
01:58 Interview with Justin Donald Begins
04:01 Justin's Early Career and First Investments
08:52 Transition to Real Estate Investments
12:03 Balancing Business and Real Estate
16:41 Achieving Financial Freedom
24:23 Personal Reflections and Future Plans
25:51 Back to the Show
25:52 Achieving Financial Freedom
27:35 Real Estate Investments and Growth
29:00 Business Ventures and Success Stories
32:35 The Power of Masterminds
44:06 Investing in Yourself
47:15 Rapid Fire Questions
50:02 Conclusion and Final Thoughts
