December 22, 2023 • 49 mins
In this episode of Outside Insights, I chat with Chris Bystriansky, an author, attorney, real estate investor, coach, speaker, and endurance athlete. Yeah - some people really can do it all.
During our discussion, Chris shares his journey from a challenging childhood to pursuing higher education and then eventually finding himself climbing the corporate ladder. He then shares how his focus turned to identifying passive income streams, like real estate investing. Through his ventures, he realized the corporate path didn't guarantee happiness or fulfillment.
Chris emphasizes the importance of having multiple income streams and passive income as a safety net against potential job losses. He shares his philosophy on overcoming inertia and embracing change, even though it's difficult. I really feel like we can all take something away from his experiences.
I loved hearing how Chris taught his young daughter about investing and passive income. He paid her to do chores, then let her "buy" household assets like their toaster. He paid her weekly "rent" for the family using her toaster, giving her hands-on financial literacy. She even charged late fees! Ultimately laid off from chores, she still earned rental income from "owning" items. This clever firsthand investing lesson inspired Chris's book "Renting From My 6 Year Old"
When he’s not building passive income, Chris works to push his physical and mental limits through endurance events like Ironman triathlons. His book "New Steel" relays how we can overcome challenges and do more than we think possible. I identify with many lessons in this book as regular listeners know I’ve had my fair share of physical and mental health journeys.
Key topics we cover in this episode include:
During our discussion, Chris shares his journey from a challenging childhood to pursuing higher education and then eventually finding himself climbing the corporate ladder. He then shares how his focus turned to identifying passive income streams, like real estate investing. Through his ventures, he realized the corporate path didn't guarantee happiness or fulfillment.
Chris emphasizes the importance of having multiple income streams and passive income as a safety net against potential job losses. He shares his philosophy on overcoming inertia and embracing change, even though it's difficult. I really feel like we can all take something away from his experiences.
I loved hearing how Chris taught his young daughter about investing and passive income. He paid her to do chores, then let her "buy" household assets like their toaster. He paid her weekly "rent" for the family using her toaster, giving her hands-on financial literacy. She even charged late fees! Ultimately laid off from chores, she still earned rental income from "owning" items. This clever firsthand investing lesson inspired Chris's book "Renting From My 6 Year Old"
When he’s not building passive income, Chris works to push his physical and mental limits through endurance events like Ironman triathlons. His book "New Steel" relays how we can overcome challenges and do more than we think possible. I identify with many lessons in this book as regular listeners know I’ve had my fair share of physical and mental health journeys.
Key topics we cover in this episode include:
- Taking control of your career path and why the path least traveled may be the best
- Teaching financial literacy to your children early to set them up for success
- The importance of building a financial safety net and passive streams of income
- Continually challenging yourself, both physically and mentally
- Why you should focus on making progress in small steps rather than getting overwhelmed trying to make sweeping changes all at once.
I hope you find as much value in this conversation as I did when I connected with Chris. One of the best ways to improve yourself is to surround yourself with people that inspire you - and I sure left this conversation feeling inspired.
Until next time, friends.
Chris
Books Mentioned:
Chris Bystriansky's website:
Mark as Played
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