My Worst Investment Ever February 2022
Ep514: Andrew Henderson – Become a Nomad Now
BIO: Andrew Henderson is a lifelong entrepreneur, world traveler, investor, and founder of Nomad Capitalist. He helps other investors and entrepreneurs create their nomad strategy, go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom.
STORY: For Andrew, his worst investment ever was being born with US citizenship. He’s always felt that had he been born anywhere else, he’d have had an entirely different life. However, he kept staying because many people would call him a traitor and ridicule him whenever he wanted to exit that investment.
LEARNING: Go where you’re treated best. You don’t have to keep your citizenship for the rest of your life.
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Ep513: Mark Fidelman – Seek Advice to Avoid Real Estate Mistakes
BIO: Mark was a columnist for Forbes for four years and is the author of the book SOCIALIZED!
STORY: Mark started investing in real estate on the west coast of Florida when the market was up, but he didn’t heed to signs of a downturn and ended up making huge losses in 2008 when the financial crisis hit.
LEARNING: Know your market and remember that the market doesn’t always go up. Make sure you apply the experience you acquire.
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Ep512: Mabel Nuñez – Is an MBA Really Going to Take You Where You Want to Go?
BIO: Mabel Nuñez is the founder and Chief Education Officer at Girl$ on The Money, a stock market investing education company targeted to women, minorities, and individuals underrepresented in the world of investing.
STORY: Mabel spent so much money and time taking an MBA that didn’t materialize to anything. Her biggest mistake was never building connections while studying.
LEARNING: Make connections in your field as you study. Join career associations to make connections in your area.
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Ep511: Henry Eisenstein – Get References Before You Hire
BIO: Henry Eisenstein is a residential and commercial real estate agent and a real estate investor. He has personally sold and been a part of over $120 million worth of real estate transactions.
STORY: Henry blindly hired a contractor referred to him by a friend. The contractor was so bad at his job and a project that should have lasted eight weeks took six months. Instead of costing $35,000, Henry spent nearly $60,000.
LEARNING: Don’t hire a professional without references. Have good contracts in place that clearly outline milestones and timelines.
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Ep510: Siravich Wongpanich – Don’t Be Overconfident When Investing in Crypto
BIO: Dr. Siravich Wongpanich is a founder of the Money Clinic, a Thai Facebook page about trend-following trading. He is a doctor and a trader in the stock market, cryptocurrencies, and futures.
STORY: Siravich invested in cryptocurrencies without research or a risk management plan. He lost 1/5th of his investment.
LEARNING: Be careful dealing with futures. Find your sweet spot and try to operate within that sweet spot.
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Ep509: Golf Sarun – Don’t Trust People with Your Investment
BIO: Golf Sarun is the founder of a Thai Investment channel, Longlongthun (ลองลงทุน), which aims to educate his fellows about how to invest in crypto efficiently, stocks, and many other things.
STORY: When Golf was 18 years old, one of his friends told him of his father’s company listed in the stock market. The stock was doing well and would to do even better due to a project coming up. Golf told his mom about the stock, and she invested. A few months later, the stock price plummeted and never recovered. Golf’s mom lost 60% of her investment.
LEARNING: Don’t trust people with your investment. You have to invest on your own and for your own reasons.
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Ep508: Kamal Karanth – Work on Improving Your Relationships
BIO: Kamal Karanth is the co-founder of Xpheno, a specialist staffing company he has been building since 2017. He also co-founded the Indian Staffing Federation, a prominent voice for labor reforms in India.
STORY: Kamal was thriving as a sales rep, but he wanted more, so he put himself up for promotion. He got promoted to area manager. All he did was work, but his performance didn’t match up. Eventually, everyone noticed, including Kamal’s boss. After a year and a half, he had to quit.
LEARNING: Nurture your relationships. Always anticipate the risks of a new venture.
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Ep507: Nesli Girgin – Dreams Don’t Always Come True, and That’s OK
BIO: Nesli Girgin is a content creator and expert in marketing campaigns, product introduction, and visibility.
STORY: Nesli got an offer to move from Istanbul to New York to work for a multinational company. The United States immigration office needed one year of residence payments for her to move. The company only paid three months of residence and disappeared on her. Nesli had made some payments in anticipation of the move. She lost this money.
LEARNING: Be patient and kind to yourself even when things don’t turn out as you hoped they would. Bad things happen for a reason, and they may change the direction of your life.
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Ep506: Pankaj Jathar – Always Learn and Be Skeptical
BIO: Pankaj Jathar is the CEO of Prione, a company established in 2014 which enables small and medium businesses to grow in e-commerce.
STORY: About 12 years ago, Pankaj invested in a company he saw journalists recommending on TV. He didn’t do any research and believed the reporters 100%. The stock price tanked a month later. Pankaj sold his stock a year later after taking a 75% capital loss.
LEARNING: Be skeptical about the advice you receive, especially from the media. Learn and understand some of the basics of personal finance and investing. Be your own financial adviser.
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Ep505: Kamal Krishna – Let Building Partnerships Be Your Focus
BIO: Kamal Krishna is the founder and CEO of MOBILISE, Bangalore’s fastest-growing advertising & B2B marketing agency.
STORY: Kamal was looking to diversify his business. He partnered with a former colleague who had the talent he was looking for. Unfortunately, he had a negative attitude towards entrepreneurship and never delivered the end of his bargain. Kamal had to cut him out and count his losses.
LEARNING: It takes so much more than just talent to succeed. Choose your partners wisely.
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Ep504: Amit Kumar – Offer Feedback in the Right Environment
BIO: Amit Kumar is the CEO of OLX Autos India. He is an entrepreneur, a business leader, and a speaker.
STORY: Amit took an employee under his wing and mentored him for a couple of years. The employee later found another opportunity and had to leave the company. Amit decided to offer the employee some feedback during his sendoff party. The employee didn’t receive his feedback so well. The employee shut him out, changing the course of their relationship.
LEARNING: Feedback is gradual. Offer feedback in the right environment.
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Ep503: Stu Heinecke – Never Cling to One-to-One Leverage
BIO: Stu Heinecke is a bestselling author, one of the Wall Street Journal’s cartoonists, and a twice-nominated hall of fame marketer.
STORY: When Stu started his first business, he stuck to one-to-one leverage, making it impossible to scale his business even though he had some of the most elite clients.
LEARNING: You cannot scale your business without the right team. Never cling to one-to-one leverage.
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DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.