Episode #33: Building a Dozen Streams of Passive Income, Expanding the Nomad Summit and Traveling Like a Boss with Johnny FD

Episode Summary

Johnny FD talks about his latest travel adventures and begins by explaining why he loves the value destinations of Sri Lanka and Nepal in South Asia, Ukraine and Bansko, Bulgaria in Eastern Europe, and Lisbon, Portugal in Western Europe. Johnny then goes on to talk about his strategy for building businesses that can be automated, and building (or buying) assets that generate passive income. He debunks the most prominent myths about “passive income”, and describes his tenacious work ethic, morning routine, exercise and nutrition regimen, and explains what it really takes to build functional streams of passive income. He explains how he has now built a dozen streams of passive income that finance his lifestyle and world travel. He breaks down the details of how he does affiliate marketing, how he creates online courses, how he builds audience and monetizes his blog and his You Tube channel, and why he chooses a long-form interview format for his podcast even though it makes him less money. He also gives tips on avoiding “shiny-object syndrome” and spreading yourself too thin. Johnny then talks about his latest course “Income Boss”, who it is for and the value it provides. He then gives specific tips on personal brand building. Next he talks about why he loves travel so much, how he selects his locations, and how he designs his lifestyle. Finally, he explains why he expanded the Nomad Summit to take place twice a year on different continents, and why it now includes an optional post-Summit meet-up for up to a month afterwards and how you can participate. Full Show Notes Available at www.TheMaverickShow.com

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What You'll Learn

What it really takes to build multiple streams of passive income online that can finance your lifestyle
How to travel to the world’s best value destinations and optimize your quality-of-life to cost-of-living ratio
How to build real, substantive in-person friendships and business relationships while traveling the world

Links From the Episode

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LEARN ABOUT JOHNNY’S COURSE “TEACHING THE TECHNIQUES HE USES TO MAKE OVER 200K/YEAR ONLINE”
Use code “MAVERICK” to get $100 OFF

JOHNNY’S COURSES

NOMAD SUMMIT EVENT JOHNNY FOUNDED
Use Code “FRIENDS” to get 10% OFF tickets to the next Nomad Summit

JOHNNY’s BOOKS

EVENTS MATT AND JOHNNY ATTENDED TOGETHER

Nomad Cruise

LOCATION WHERE THE INTERVIEW TOOK PLACE

Lisbon Portugal

PLACE WHERE JOHNNY IS FROM

Los Angeles, CA

OTHER PLACES MENTIONED

BEHIND THE SCENES OF THE MAVERICK SHOW

Learn How Each Aspect of the Maverick Show is Produced and Each Vendor Used

MATT’S PRESENTATIONS REFERENCED

CONNECT WITH JOHNNY

Time Stamped Show Notes

[03:10] Johnny Talks About His Top Recent Travel Experiences

Sri Lanka
Nepal
Bansko, Bulgaria
Ukraine
Lisbon, Portugal

[17:46] Johnny’s Approach to Building and Buying Passive Income Streams

The importance of frugality when building businesses
Investing and “buying” passive income streams

[21:23] Debunking Myths About “Passive Income”

Defining “passive income”
Why passive income is real and possible
Why generating passive income is not easy and takes work

[23:27] Johnny’s Work Productivity Regimen Building Income-Generating Assets

Johnny’s lifestyle cadence between grinding hard and ‘maintenance mode’
Johnny’s specific morning routine and day structure

[28:59] How to Do Affiliate Marketing Well

Johnny’s affiliate marketing strategy
The Maverick Show affiliate strategy

[33:32] Johnny’s Audience Building and Monetization Strategies

Creating high quality, substantive content
Making sure you love what you’re creating

[35:51] Avoiding “Shiny Object Syndrome” and Spreading Yourself Too Thin

Finish one quality project 99% before starting another
Choosing to diversify passive income streams

[37:58] What Johnny Believes Makes a Great Podcast

Monetization Strategies vs. Doing What You Love when Choosing a Format
The types of listeners that are attracted to Johnny’s podcasts
The #1 thing Johnny has learned from his hundreds of podcast guests

[42:12] Johnny’s “Income Boss” Course

Teaching how to really make money through affiliate marketing
Why affiliate marketing is a long-term game, not an overnight thing.

[44:47] Johnny’s Top Tips on Personal Brand-Building

The importance of consistency and longevity
Being transparent, sharing openly and documenting what works
Creating content on platforms that you love
Dealing with online negativity and trolling
Being your authentic self and being comfortable that some people won’t like you

[49:26] Why Johnny Travels and How He Chooses Where to Go

Johnny’s personal growth realizations through travel
Getting in touch with his true passions
Custom designing his lifestyle around things that make him happiest
How Johnny chooses his travel destinations
How he structures a multi-month base and does weekend side-trips

[53:52] Expanding The Nomad Summit

Matt’s experience speaking at the Nomad Summit in Chiang Mai in 2018
Johnny’s expansion of the Nomad Summit to twice a year
The #1 reason to attend the Nomad Summit
The dates, locations and details of the next Nomad Summit
Building real friendships and real business relationships
Post-Nomad-Summit extended meetups for a month afterwards

[01:01:59] THE LIGHTNING ROUND

Johnny’s #1 Book Recommendation
Johnny’s #1 Tip and Being Focused and Present
The person with whom Johnny would most like to have dinner
The #1 piece of advice Johnny would give to his 18-year old self
Johnny’s Top 4 Bucket List Destinations

[1:04:37] CONTACT JOHNNY

Listen to Johnny’s Podcast
Read Johnny’s Books
Read Johnny’s Blog
Check Out the Nomad Summit

About the Guest

Johnny FD

Johnny FD is a location independent entrepreneur who quit his corporate job in 2008 to begin traveling the world working as a scuba diving instructor and fighting professionally in the sport of Muay Thai kickboxing. Since then, he’s made hundreds of thousands of dollars building and selling online businesses and has been featured in Forbes, Business Insider, Fast Company, Entrepreneur Magazine, and the BBC. He’s the author of two books about his experiences. The first one is called “12 Weeks in Thailand, The Good Life on the Cheap”, and the second is called, “Life Changes Quick, Simple Tips to Getting Rich, Fit, and Even Finding Love.” Johnny is the host of two popular podcasts – “Travel Like a Boss” and “Invest Like a Boss”. He’s also the founder of the Nomad Summit, an annual event in Chiang Mai, Thailand that attracts over 400 location independent entrepreneurs and digital nomads from around the world. Made $325,000 online in 2016, developed a dozen streams of passive income, and this past year he has just been living off passive income and using it to cover all his lifestyle expenses and finance his world travel.