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Invest Like a Boss

Invest Like a Boss covers all aspects of investing in the modern age in a fun, entertaining way. The show hosts interview the world's best investors, financial Insiders, entrepreneurs and CEOs to find out what they are investing in and strategies to gain outsized returns. In this modern age of investing, new investment instruments are popping up each day, from P-2-P (peer to peer) lending, to robo-advisors, equity crowdfunding to REITs. Investors today need to combine centuries of investment wisdom with an modern outlook and approach. Entrepreneurs Sam Marks, Johnny FD & Derek Spartz each took a different path to success as they now focus on learning how to invest alongside the listeners in order to put their hard earned money to work.
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Now displaying: June, 2020
Jun 20, 2020

Scott Lynn is the Founder and CEO of Masterworks, the first company to allow investors to buy shares representing ownership of great masterpieces by artists like Warhol, Monet, and Banksy. Scott has been an active collector of contemporary art for more than fifteen years and has built an internationally-recognized collection of Abstract Expressionism that has included works by Clyfford Still, Barnett Newman, Mark Rothko, Willem de Kooning, and more. In addition to Masterworks, Scott serves on the board of v2 ventures (Adparlor, Giant Media, Reachmobi, Amply, and Sellozo), Payability, and the Brooklyn Rail (a non-profit publication in the art industry).

In this episode, Scott is discussing art as an investment class and compares it to other regular investments and how the regular person can get involved. After listening, you will better understand Art as an asset class and information on the company Masterworks!

Where we are:

Sponsor:

Discussed:

Like these investments? Try them with these special ILAB links:

  • ArtofFX – Start with just a $10,000 account (reduced from $25,000)
  • Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
  • Betterment – Get up to 1 year managed free
  • Wealthfront – Get your first $15,000 managed free
  • PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

  • 08:24 – Are you passionate about art as a collector or have you primarily looked at it as an investor?
  • 10:59 – Do you see a flood of money going into art presently?
  • 13:07 – “last year approximate 6.8 Billion in art sold” - Scott Lynn
  • 15:10 – When you buy a “Blue Chip” piece, where are they held or displayed?
  • 16:04 – What makes a piece of art “Blue Chip”?
  • 17:13 – “You do see a correlation between an artist passing away and prices going up, but it's not because the artist passes away, its because the artist is no longer producing work” - Scott Lynn
  • 20:10 – How does the whole buying and procurement process happen?
  • 24:18 – What’s the average price of a piece on Masterworks?
  • 26:53 – What’s the typical length of time that your money is invested in these paintings?
  • 28:56 – Q&A from ILAB community
  • 35:07 - Derek’s Recap

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2020. All rights reserved. Read our disclaimer here.

Jun 10, 2020

Laurie Shaw is the COO of Coffee Beanery, the best provider of 100% Arabica Specialty coffee with 40+ Flavored Coffees offered in Decaf Swiss Water Process. In addition, she manages gift sets, fundraising, franchising, & wholesale. Kevin Shaw, the Director of Franchise Sales, joined the family business as a manager of the Ren Cen store in Detroit and soon after moved back to corporate to develop the roasting, flavoring and packaging processes that have evolved into what you see today.

In this episode, Laurie and Kevin are taking us behind the scenes of their franchise to share what it’s like to run a coffee shop. Learn about the epic risks and big rewards of opening a coffee shop including the earning potential. After listening, you will understand the economics of owning a coffee shop and the vital steps in making it your next financial success!

Where we are:

Sponsor:

Discussed:

Like these investments? Try them with these special ILAB links:

  • ArtofFX – Start with just a $10,000 account (reduced from $25,000)
  • Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
  • Betterment – Get up to 1 year managed free
  • Wealthfront – Get your first $15,000 managed free
  • PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

  • 20:26 - Consumption patterns for coffee globally over the past few decades 
  • 25:02 - “People like going places that are more special and unique.” - Laurie Shaw
  • 26:47 - The economics of owning a coffee shop 
  • 29:10 - Different products they sell and the revenue each product brings in 
  • 29:44 - How Coffee Beanery has responded to the rise of remote work and coffee shops becoming like coworking spaces 
  • 31:00 - The online order environment in the coffee business 
  • 33:22 - Where do their coffee beans come from? 
  • 37:01 - “People do business with people they like, and they will take an inferior product if they get an excellent experience.”- Laurie Shaw 
  • 40:50 - The cost and profit of a cup of coffee 
  • 41:35 - When and how Coffee Beanery moved towards the franchised model 
  • 44:43 - The requirements of becoming a franchise owner 
  • 55:00 - How Coffee Beanery creates customer loyalty 
  • 58:20 - The stats behind Coffee Beanery and other big coffee companies

If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here

Copyright 2020. All rights reserved. Read our disclaimer here.

 

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