Top 7 Passive Income Tips For 2025

He is known as the Lifestyle Investor. He started investing at 18 with a ROTH IRA, and became a multi-millionaire before he turned 40. And it all started because he wanted to replace his wife’s 36K teaching salary – and in less than a year, he did.

Now, Justin Donald is an expert in strategies that pay today, and what will pay in the future, so he can live the life he wants to live now – not when he is older, not when he retires – NOW.

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In this episode, Mike and Justin discuss what the future ahead looks like. We’re on the precipice of the greatest wealth transfer in history. In the next 20 years, an estimated $75 trillion to $110 trillion will shift from the baby boomers to the millennials. And here is what you can do to make the best of the opportunities ahead.

[3:16] Risk is part of investment, but it isn’t the end game.

• Justin emphasizes the importance of embracing failures as valuable learning opportunities.
• He highlights that while painful, his biggest lessons have come from losing money.
• Examples of past investment mistakes, including a poorly documented secured position and a personal guarantee that might not be enforceable due to potential bankruptcy.

[7:55] Justin emphasizes the importance of understanding millennial preferences for financial success.

• He highlights the ongoing largest wealth transfer in history from baby boomers to millennials, estimated between $75 trillion to $110 trillion over the next 20 years.
• BlackRock recently acquired $12 billion of a private credit fund with $150 billion in assets under management which is a significant indicator of growth in the sector.
• Reduced lending from traditional banks could further fuel the private credit market.

[13:17] Boomers Retiring & Selling

• Justin discusses the opportunity arising from baby boomers retiring and selling their businesses.
• He suggests investing in minority equity positions in pro sports teams, citing the increasing legislation and private equity involvement in this space.
• There are positive returns in this sector and predicts its expansion into college sports, particularly with private universities.

[17:42] Government-Backed Opportunities

• There are exciting investment opportunities in defense tech, fintech, biotech, and health tech.
• Look for companies securing long-term government contracts (10-20 years) that provide stable income streams.
• Some government funding comes through grants instead of investments, minimizing dilution for other investors.

[22:40] Crypto Investing is Speculative

• There is potential for profit in cryptocurrencies, but compares penny stocks due to their highly speculative nature.
• Many consider crypto investments to be closer to gambling than investing.

[25:55] Bitcoin

• Justin predicts Fortune 500 companies adopting Bitcoin as part of their treasury reserves, following the lead of companies like MicroStrategy.
• He emphasizes Bitcoin's increasing legitimacy due to its adoption as legal tender by multiple countries and growing institutional adoption.
• Recommends holding Bitcoin directly through cold storage for safety but acknowledges the convenience of ETFs for broader accessibility.

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Additional Resources

• Listen to my first podcast with Justin Donald
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