How to Lose Money

Latest Episodes:

16: How to Lose Money as a Newbie Investor with John Collins Jan 05, 2017

Show notes

John Collins, business developer for GetRichEducation.com, entered his first investment in his mid-thirties, after attending an investing summit on a cruise ship.

In the span of just one year, he spread himself far too thin and had to offload just about everything he'd taken on.

Here's how it happened.

Note: John recommended blinkist.com and Kindle Unlimited as excellent reading resources.

15: How to Lose Money by Expanding a Successful Company by 4,000% in 40 Days with Stephen Gardner Jan 02, 2017

Show notes

You're probably familiar with Groupon, LivingSocial, and other daily deal sites.

Stephen Gardner, author of A Bridge Over Troubled Wall Street and Smartest Woman in the Room, joined a similar company back in 2011.

He was told they were fully funded, so he quit his job and went over as the fourth team member. Then he realized the other three didn't know what they were doing—none of them did.

14: How to Lose Money as a Middleman in a Real Estate Transaction with Jered Sturm Dec 29, 2016

Show notes

Jered Sturm's focus is in investing in apartment complexes. But he deviated from that focus to help someone in his local networking group who got themselves into a sticky situation.

By trying to help, Jered ended up in a sticky situation himself.

Jered Sturm is Co-Founder and Director of Sales and Marketing at SNS Capital Group. You can read the full version of his story here: https://www.biggerpockets.com/renewsblog/2016/07/09/experienced-investor-catastrophe/

13: How a Real Estate Investor Lost it All During the Great Recession, Then Got it Back with David Campbell Dec 26, 2016

Show notes

David Campbell went from high school band director to real estate investor in 2005.

Money was good, his investments were successful, and the future was bright—until 2008 loomed ahead.

Listen in as David shares how he went from millions of dollars in net worth to negative millions in a matter of months.

12: How to Lose Money in Mobile Home Parks with Gino Barbaro Dec 22, 2016

Show notes

As you may have heard, mobile homes are little metal boxes that spit out money.

In today's story, the mobile home wasn't the problem. It was the person—Gino Barbaro, investor, entrepreneur, and best-selling co-author of Wheelbarrow Profits.

As Gino told us, "When you're not educated and you don't take the appropriate actions, don't blame the investment—blame the investor."

10: Losing Money by Investing in Independent Films with Scott Anderson Dec 08, 2016

Show notes

Scott Anderson is a farmer and entrepreneur from South Dakota.

About four or five years ago he invested in an indie film in Los Angeles. If you're asking yourself why a farmer from South Dakota invested in an independent film across the country, you're not alone.

We'll get into that in this episode. And just wait till you hear the name of the movie...

9: How to Lose Money in a Real Estate Project that Imploded with Warren Taryle Dec 05, 2016

Show notes

No project will ever go off without a single hitch in the plans.

Still, when looking at a potential new investment, it helps to do an initial analysis of how things would work out if everything did go perfectly. If the plan wouldn't work even without any major mishaps, it's a good idea to walk away at the very beginning.

In this episode of How to Lose Money, Warren Taryle, founder of Taryle & Associates, CPAs, explains how ignoring his gut instincts about the initial analysis led to a failed real estate investment.

8: Why You Need to Do Extensive Homework Before Investing Your Money with Dr. Brian Robbins Dec 01, 2016

Show notes

Brian Robbins and his wife adopted eight kids back when he was in his 30s.

The financial pressures were enormous, and he was looking for an easy way to get some passive income. He bought into a commercial real estate dream—and it left him high and dry.

Listen in to hear the most important lesson Brian learned from an investment he never should have touched.

7: Meth House: The Story of a Real Estate Investor's Nightmare with Brian Hamrick Nov 28, 2016

Show notes

This is a story about a meth house—kind of.

Brian Hamrick bought a house in New Mexico that he thought would generate passive income. In reality, it only led to a horror story that almost cost him tens of thousands of dollars, all because he trusted the wrong person.

Listen in as Brian tells how that house led him down a completely new investment path—with a few twists along the way.

6: The Lie That's Keeping You From the Life You Were Meant to Live with John Morgan Nov 24, 2016

Show notes

John Morgan is a comedian, musician, and actor who's been all around the world and made millions as a renowned George W. Bush impersonator.

The crazy thing? He almost never tried to pursue that career. In fact, he thought it was a terrible idea, something only an insane person would do.

In this episode, John tells the story of why he ultimately decided to pursue a career as a celebrity look-alike—and how fear almost crippled his shot at a job that has given him so much joy and success.

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