My Worst Investment Ever July 2022
Ep575: Andrew Stotz – 15 Risk Reduction Lessons from My Guests
In this episode, Andrew Stotz explains the 15 risk reduction lessons he has learned from his guests.
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Ep574: Andrew Stotz – 12 Steps to Financial Independence
In this episode, Andrew Stotz explains the 12 steps to financial independence.
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Ep573: Dr. Chris Stout – Plan for the End
BIO: Dr. Chris Stout is a licensed clinical psychologist and international humanitarian with a diverse background in various domains. He is the Founding Director of the top-ranked nonprofit Center for Global Initiatives.
STORY: Two years after Chris started the Center for Global Initiatives, he met a couple who had a project for developmentally different children in orphanages in Ukraine. They wanted to collaborate with the center, and he said yes because the project looked good. Unfortunately, he realized that he couldn’t manage to take a week off every year to go to Ukraine. Chris had to back out of this project, which left him very emotional for not being able to help.
LEARNING: Plan for the end so that you know what happens when things don’t go well.
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Ep572: Ron Baker – Have Your Skin in the Game
BIO: Ron Baker is the founder of VeraSage Institute—the leading think tank dedicated to educating professionals internationally. He’s also a radio talk-show host of The Soul of Enterprise: Business in the Knowledge Economy on Voice America.
STORY: Ron partnered with a group of friends and invested $70,000 to start a software company. All the partners had no experience or skills to run the business leading to its failure.
LEARNING: Seek out successful people and try to learn from them. Learn from your losses.
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Ep571: Andrew Stotz – 12 Barriers to Financial Independence
In this episode, Andrew Stotz explains the 12 barriers to financial independence.
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Ep570: Andrew Stotz – 10 Harsh Realities Shaping Our Future
In this episode, Andrew Stotz identifies and explains 10 harsh realities shaping our future.
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Ep569: Richard Moran – Common Sense in the Workplace
BIO: Richard Moran is a Silicon Valley investment and operations veteran. He is General Partner at Tonic BioVentures, an early-stage life sciences venture firm.
STORY: Richard was impressed by the success record of a young man, so much so that he got his company to invest $6 million to build a business. A few months later, the young man misbehaved in front of customers. Richard reprimanded him, but he did the same thing again and had to be fired. Richard’s company lost $6 million.
LEARNING: Pay proper attention to the findings of the due diligence. Don’t be distracted by past track records. Be careful of key man risk where the success of your investment is hinged on one person.
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Ep568: Amelia Sordell – Selfishly Invest in Yourself Before Everyone
BIO: Amelia Sordell is a speaker, content creator, and Founder of Klowt, the first-of-its-kind personal brand marketing agency.
STORY: Amelia lived all her life seeking external validation, and instead of making her happy, it left her very empty. She eventually decided to invest in herself and now is thriving.
LEARNING: Selfishly invest in yourself before everyone. Always ask yourself if what you’re spending time on has any ROI.
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Ep567: Ana Melikian – Marketing Is Essential, but Not Enough to Get the Client
BIO: Ana Melikian, Ph.D., is an optimist who had to overcome two bouts with cancer to learn that pursuing happiness is a fallacy.
STORY: When Ana started her online coach business, she was looking for the quickest way to find clients. This hunger made her fall for two marketing strategies that never worked. The first was a search engine that promised to be better than Google, and the other was publishing a chapter in a book.
LEARNING: Marketing does not get you clients; building relationships does. Have both sales and marketing departments.
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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.