Achieving Financial Independence through Passive Income Investing
The Journey from Sales to Investing
As the host of this enlightening podcast, I had the pleasure of interviewing Justin Moy. A seasoned expert in passive income investing for salespeople. Justin’s journey from a background in sales to becoming a beacon of financial guidance for salespeople is nothing short of inspiring. He found his calling in addressing the prevalent issue of burnout among salespeople. He realized that traditional investment strategies didn’t align with his goals. His mission? To replace his income with passive income within a decade.
Embracing the FIRE Movement
During our conversation, Justin introduced the concept of the FIRE (Financial Independence, Retire Early) movement. This movement is all about investing for passive income streams with the ultimate goal of retiring as early as possible. It’s a concept that resonates with many, especially those seeking to escape the rat race and achieve financial freedom.
The Power of Syndications and Commercial Real Estate
We delved into the different investment options available, with Justin highlighting the strategy of syndications. This involves investors pooling their money to invest in commercial properties. The investors provide the down payment and working capital, while Justin’s team handles the rest. This strategy offers advantages over the stock market, such as higher returns and tax benefits.
Justin emphasized that commercial real estate, particularly multifamily apartment buildings, self-storage, and short-term rentals, are performing well in the current market. He believes that now is a great time to invest due to the transitional market and the potential for wealth transfer.
The Nitty-Gritty of Real Estate Investments
When I asked Justin about the minimum investment amount for private placement real estate, he suggested a minimum investment of $25,000 due to the illiquid nature of these investments. He also mentioned the tax benefits associated with real estate investments and advised individuals who pay a lot of taxes to consider tax-advantaged investing strategies.
Justin emphasized the importance of doing due diligence and finding a business plan that aligns with one’s investing goals. He mentioned that returns can vary depending on the investment strategy, with cash flow-focused investments typically offering around 10% annual returns, while projects requiring more effort can yield returns ranging from 15% to 25% per year.
The Future of Commercial Real Estate
Justin also discussed the future of commercial real estate, highlighting the growing demand for data centers and warehousing/logistics centers near the southern border. He suggested that there may be affordable warehouses in San Diego that could be converted into data centers, indicating a promising investment opportunity.
Justin’s Mission to Help Salespeople
Justin’s passion for helping salespeople achieve financial independence is evident. He understands the lack of investment strategies available to them compared to other professions. He emphasizes the importance of investing in oneself but also provides strategies to avoid burnout, generate passive income, and reduce dependency on a W-2 job. His mission is to help salespeople find a way out and achieve financial independence.
The Best Time to Start Investing
As we concluded our conversation, I asked Justin about the best time to start investing. His response was simple yet profound: “The best time was ten years ago, but the second best time is now.”
In conclusion, our conversation highlighted the potential investment opportunities in commercial real estate and Justin’s passion for helping salespeople achieve financial independence. It was a reminder that it’s never too late to start investing and that financial freedom is within reach for those willing to take the leap.
John is the Amazon-bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.