The Wealth Without Wall Street Podcast
Round Table | 1 Step Forward, 2 Steps Back
Nov 14, 2023
Learn from investment failures to achieve financial success. Acknowledge setbacks and failures to improve investing. Lessons from a costly foundation repair. Transitioning from dropshipping to selling on Amazon. Explore infinite banking and generate passive income. Lessons from a failed investment and prevalence of Ponzi schemes. Learn from failure in investment strategies and become a better investor.
47:37
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Learn from failures and approach investments with caution and thorough research.
- Avoid letting the desire to avoid taxes blind your judgment when investing.
Deep dives
Lessons from Investing Failures
The hosts of the podcast share their personal experiences with failed investments and the lessons they learned. One of the hosts tried the BRRR strategy in real estate but encountered issues with property seasoning and deceptive sellers. Another host invested in a dropshipping website without understanding the business model and had no marketing knowledge. There was also a lesson in not letting the desire to avoid taxes blind one's judgment when investing. Finally, one host experienced a fraudulent investment that led to financial loss and a temporary loss of confidence. The overall message is to learn from failures and approach investments with caution and thorough research.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
