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/
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.
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.”
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...
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.
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.
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.
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.
Perry Marshall has been incredibly influential in the sales and marketing worlds, laying the foundation for the $100 billion Pay Per Click industry. But he had to fail first.
In the ‘90s he worked for Amway. After six years, tens of thousands of dollars lost, and significant damage to his marriage, he finally gave up. This episode tells the story of everything that happened in between—and how Perry’s Amway failure spurred him on to the massive success he’s found today.
Work/Life balance isn’t just a trendy catch phrase.
Issues in your personal life can and will affect your business dealings. Often, these issues will feel as if they are completely out of your control, but by making small changes in your mindset, you can keep personal issues from turning into major business failures.
In this episode, Dave Charlson, Executive Coach at IKON Coaching Group, explains his experiences with failure when the mortgage bubble burst at the same time that his personal life was falling apart. Here’s how those dual failures led him to finding authenticity in his business dealings and satisfaction in his life overall.
James Carbary, Founder of Sweet Fish Media, had an unmistakable entrepreneurial spirit. But going back to rock bottom is really hard after you’ve made money.
You have to be willing to take your licks, get up, and keep going, as he learned all too well with his first entrepreneurial venture.
Listen in to hear James tell the story of how his first startup was doomed from the day it launched—and how you can avoid the same mistakes.
Wade Myers is the Founder of Boldmore Growth Partners—but that doesn’t even begin to describe his vast experience as an entrepreneur and investor.
Wade has an epic failure story, and he was kind enough to share it. When all was said and done, his company had raised a total of $75 million but had to be sold for $4 million.
But out of that difficulty, Wade developed a predictive methodology to predict corporate failure and success. In this episode, he shares part of that methodology, as well as the whole story behind his failure and the many critical lessons he learned from it.
This podcast is all about failure . . . but not failure for failure’s sake.
“How to Lose Money” will teach you to leverage the mistakes of professionals who have gone before you and learned hard lessons. It’s not fun to fail over and over: so we’ve decided to accelerate your learning curve with “failure by proxy” through others.
Join us as we focus not on success stories that remain merely stories, but on the hard lessons that you actually apply and the obstacles that you can actually avoid. Because the only way to learn how not to lose money is to learn what losing it looks like.