My Worst Investment Ever Podcast

BIO: Axel Meierhoefer was born in Germany, served 22 years as an air force aviator and instructor. In 2005, he started his consulting company then discovered real estate investing during the recession.STORY: Axel blindly invested in penny stocks in the late 90s. He knew nothing about penny stocks at the time, and he ended up losing $75,000 after the market fell suddenly.LEARNING: Never get involved in anything that you don’t understand. Understand how company P/E ratios work and how they affect a stock. “If it’s initially interesting, I’ll first go into research until I’m satisfied I understand it well enough to commit money to it.”Axel Meierhoefer Guest profileAxel Meierhoefer was born in Germany, served 22 years as an air force aviator and instructor. In 2005, he started his consulting company then discovered real estate investing during the recession. Now, experiencing financial freedom, he wants to share his secrets and life lessons with us. You can find him on his Ideal Wealth Grower YouTube Channel.Worst investment everIn the late 90s, Axel was appointed the program manager for this new German Flight Training Center in the US. While at the center, the media kept constantly drumming on how necessary it was for everybody to be in the stock market. It was going on and on about the Dot-com boom that would change everything.At the time, neither Axel nor most other people he was with had any idea what a blue-chip stock or a penny stock was. But one thing that was the real fascination, initially for him, was that it didn’t take a rich person to start participating because the penny stocks were relatively cheap, well below $1 apiece. So you could buy like several thousand without investing a substantial amount. He figured if it’s not a considerable number, it won’t make a difference, so he bought a bunch of stocks.In just a few months, the stocks gained, and some of Axel’s friends cashed in their stocks, but he decided to hold onto his stocks. Unfortunately, the stock’s value plummeted as fast as it had gained. Axel ended up losing $75,000.Lessons learnedDon’t get involved in anything that you don’t understand.Learn how to differentiate between companies with reasonable valuation ratios and those that are just hype.Andrew’s takeawaysYou can never know the future, but you can know the present if you do your research well. If you know where you are, it can help you think about what you want to do.Actionable adviceDon’t be greedy. If you have been lucky enough to follow your principles and follow your purpose, and things have worked out well, there is nothing wrong with taking something off the table and putting it into something that still has all this potential ahead of it.No. 1 goal for the next 12 monthsAxel’s number one goal for the next 12 months is to grow his real estate property portfolio by another two or three properties.Parting words “Anybody can be an investor.”Axel Meierhoefer [spp-transcript] Connect with Axel MeierhoeferLinkedInFacebookYoutubeTwitterBlogFree bookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Andre Hsu is a thinker and business strategist based in Singapore. He is the author of three books about qualities, mindsets, and frameworks relevant to business, which he observed in several business tycoons who left a deep and lasting impact on his life.STORY: Andre partnered with a software company with an excellent business idea, but the partners were poor in managing the company and selling the product, so it failed. Andre lost his entire investment.LEARNING: Research the people who own a business as much as you research the business. “No matter how great the idea is, you’ll not succeed if you cannot trust your partner.”Andre Hsu Guest profileAndre Hsu is a thinker and business strategist based in Singapore. He started his entrepreneurial journey at 17, working on a real estate project while juggling three academic degrees completed concurrently in Australia.He is the author of three books about qualities, mindsets, and frameworks that are relevant for business which he observed in several business tycoons who left a deep and lasting impact on his life.Andre likes to use multiple techniques to read, predict people, assess situations, and formulate strategies that are suitable for properties and negotiations, deal structuring related to the assets.He likes to educate, share knowledge, insights, and reasoning of strategies to business associates who then proceed to implement them. He looks forward to doing this with people who share similar values and visions.Worst investment everAfter finishing university, Andre went into the family business, and after a while, he decided to venture into his own business pursuits. He got involved in a small software company that was dealing with Point-of-Service systems.At the time, this was a very lucrative business because not many companies were using POS systems. Andre was, therefore, happy to partner with the company and invest in this venture.The mistake Andre made was investing in people who didn’t take the business part of the venture seriously. They only created a good product, but they never invested in sales or management, so the product never really took off.Lessons learnedYou need to research the people who own a business as much as you research the business.Andrew’s takeawaysWhen investing in a startup, you need to look for trust, a good idea, the ability to execute the idea, and capital.Actionable adviceIf you cannot trust the person you want to partner with, forget the idea. No matter how great the idea is, you’ll not succeed if you cannot trust your partner.No. 1 goal for the next 12 monthsAndre Hsu’s number one goal for the next 12 months is to step back from the business and have his partners run it to have more time to do strategic thinking and come up with new ideas. [spp-transcript] Connect with Andre HsuLinkedInBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Manish Kumar Tyagi used to be a Commander in the Indian Navy before he decided to become a standup comic sometime in 2014 and goes by the name “The Knotty Commander.”STORY: Manish relied upon his investment agent to invest his money. The agent invested in several options that lost him money over and over.LEARNING: Don’t blindly trust anybody with your money. Don’t rely on one investment agent. “Don’t be a blind investor; read a little about investing.”Manish Kumar Tyagi Guest profileManish Kumar Tyagi used to be a Commander in the Indian Navy before he decided to become a standup comic sometime in 2014 and goes by the name “The Knotty Commander.” An Officer and a Gentleman, he has some very funny tales to tell from his life experience. His style is full of unprecedented stories blended with wit and humor. His Facebook page and YouTube channel have over a quarter-million followers, with multiple videos having over 3 million organic viewers. He has performed across multiple cities in India and overseas. As a Motivational Speaker, he has also spoken at Josh Talks, 14 TEDx conclaves and is also a regular with corporate assignments.Worst investment everWhen Manish quit the army in 2012, he got his retirement benefits and invested in real estate. The market took a downturn, and Manish lost about 25% of his investment. He took what remained and invested it in a mutual fund, and it was doing well until the pandemic hit in 2020. One morning, Manish learned that Franklin Templeton had frozen six of their funds, and he had quite a substantial amount there. He spoke to his agent, who assured him that everything was going to bounce back. He told him that he would reshuffle his portfolio, but Manish wanted a long-term plan because he had money in another fund he didn’t want to lose.Manish asked to have his money back and kept it in the bank. In the process, he lost 15% of his investment, but at this point, all he wanted was to see his money in the bank. A friend then advised him to buy gold which he did. Then he purchased gold bonds to diversify his portfolio. The price of gold went down 30%.Manish’s greatest regret is leaving his money at the hands of his agent and taking blind advice from friends. He never took the time to understand the investments his agent was putting his money in.Lessons learnedDon’t blindly trust anybody with your money. You need to keep reading up about whatever you invest your money in.Don’t put all your eggs in the same basket. When engaging an investment agent, always get a second opinion.Andrew’s takeawaysAlways know that there’s a lot of volatility in the stock market.Our emotions are really against us when it comes to the stock market.There are many investment instruments today where an amateur who knows nothing and doesn’t want to spend all their time doing the market research can invest in.Actionable adviceDon’t be a blind investor; read a little about it, speak to people, and keep checking on your investments from time to time and see how the market is doing.No. 1 goal for the next 12 monthsManish’s number one goal for the next 12 months is to consolidate his investments and wait for the opportunity to re-enter the market.Parting words “At this point in time, stay low. Stay safe.”Manish Kumar Tyagi [spp-transcript] Connect with Manish Kumar TyagiLinkedInFacebookYoutubeTwitterAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Johnny Widodo is CEO in an automotive startup space with over 16 years of experience across multiple industries and geographies.STORY: Johnny saw a colleague who was making crazy money trading stocks daily. Johnny decided to do what his colleague was doing and ended up losing about $30,000.LEARNING: Learn and do your research to understand the investment first before you sign off on it. The game of investing is about how much you have at the end of the game. “There is no instant thing in life. Everything follows a process.”Johnny Widodo Guest profileJohnny Widodo is CEO in an automotive startup space with over 16 years of experience across multiple industries and geographies. He is active as a global speaker, advisory board member, and mentor in various organizations. He is co-author of 2 books and has published his biography. In his free time, he is passionate about weightlifting and hosts the J-Talk Podcast.Worst investment everWhen Johhny just started working, he had this former schoolmate and colleague who sat beside him at work. The colleague would just play his stocks, and Johnny could literally see him making hundreds, even $1,000 every day. This all seemed too easy, and obviously, he was interested in making such amounts of money so quickly.Johnny started to pump all the money he made into the same stocks as his colleague. As soon as he began trading, the market collapsed, and he lost 95% of his investment, a total of about $30,000.Lessons learnedThere is no instant thing in life. Everything follows a process.When it comes to investing, it’s not about monkey see monkey do. Learn and do your research so that you understand the investment first before you sign off on it.Things happen. You can dwell over it, but not too long. Move on, take the lessons learned, and make sure you don’t fall into the same trap again.Make as many mistakes as possible when you’re young. This is when you can afford to lose everything.Investing in stocks is beyond your control because a lot of things are being impacted by the markets and speculations.Andrew’s takeawaysWhen you see someone winning in the stock market, keep in mind that people only talk about their winners, not their losses.The game of investing is about how much you have at the end of the game. It’s not how much you have this year or next year. It’s the money you have at the end of the game that makes your investment a success.Actionable adviceIf you have some money that you can afford to lose, put it out and play. But before you play, you have to do a lot of research on what you are going to invest in to balance your risks.No. 1 goal for the next 12 monthsJohnny’s number one goal for the next 12 months is to build the largest automotive ecosystem in Indonesia. He is also trying to deadlift six plates of like 260 kg. He’s currently doing 230 kg.Parting words “Be responsible for your life. It’s okay to make mistakes, to make your worst investment but just make sure you learn and move on and win the game.”Johnny Widodo [spp-transcript] Connect with Johnny WidodoLinkedInYoutubeTwitterPodcastAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Randy Mortensen guides talented individuals whose drive has led them toward destructive behaviors. He facilitates an 8-week cohort, guiding members toward True Significance: Success and Sustainable Living.STORY: Randy was looking for an investment that would bring him huge returns to support his projects in the Caribbean and Africa. He came across the hemp industry, which he had zero experience in, but he was convinced it was the right investment. Randy invested $600,000 and is yet to make much out of it.LEARNING: Don’t be too quick to jump into an investment you’re not familiar with. Succeeding in one investment doesn’t mean you will in another. “Be a bit slower to jump into the deep end of the pool.”Randy Mortensen Guest profileRandy Mortensen guides talented individuals whose drive has led them toward destructive behaviors. He facilitates an 8-week cohort, guiding members toward True Significance: Success and Sustainable Living. You can have both.Worst investment everRandy wanted to help people in the Caribbean and Africa. He figured if he was going to support those efforts, he should look for a significant investment. Randy was convinced that the hemp industry would be an excellent opportunity for an investment.Randy wasn’t connected well enough to the network of growers and financiers in Canada or the hemp industry in Europe. But he did invest heavily in it.Well, $600,000 later, it’s probably still a good investment, but the returns have been horrible for the last four or five years.Lessons learnedDon’t be too quick to jump into an investment you’re not familiar with.It’s essential to communicate with your spouse and to draw on their common sense.Andrew’s takeawaysYour success in the corporate environment does not necessarily translate into the startup environment. Often, the skills required for the two are different.Confidence from past success will blind you from doing the research you should perform when starting a new company.Actionable adviceDraw on input from others and apply a heavy element of common sense instead of trusting your intuition and instincts.No. 1 goal for the next 12 monthsRandy’s number one goal for the next 12 months is to return to speaking and hold workshops and speak to talented management officials or professionals.Parting words “If you’re struggling with a compulsive, destructive behavior, don’t wait another day to seek help because there is hope.”Randy Mortensen [spp-transcript] Connect with Randy MortensenLinkedInFacebookWebsitePodcastAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Gil Baumgarten is a 36-year veteran of the investment industry. In 2010, Gil made a break from the brokerage world to start Segment, a fully fiduciary firm where the interests of the client and the firm could align.STORY: Gil invested heavily in UBS shares, and when the 2008 financial crisis hit, the stock lost its value and knocked about 80% of the market value of his stocks.LEARNING: Concentration is the key to getting wealthy. Diversification is the key to keeping your wealth. Don’t be too diversified or overly concentrated. “Wealth is the sum total of all the money you’ve never spent.”Gil Baumgarten Guest profileGil Baumgarten is a 36-year veteran of the investment industry. In 2010, Gil made a break from the brokerage world to start Segment, a fully fiduciary firm where the interests of the client and the firm could align. He has since attracted a billion dollars in supervised assets. He is a multi-year recipient of Barron’s Top 1,200 Financial Advisors in America distinction, wherein Gil was ranked in the Top 50 Financial Advisors in Texas.Worst investment everGil decided to accumulate some stock options and use that to retire in his 60s. His plan was to have a couple of million dollars worth of stock and stock options. Gil invested heavily in the UBS stock and was feeling confident about it.Come around 2008/09, not only did the stock market fall apart, but his UBS shares dropped and knocked about 80% of the market value of his stock. He lost well into six figures in a relatively short time. The vast majority of his loss was occurring in his UBS shares.Lessons learnedDon’t get carried away. Be mindful of the risks that you cannot control.Concentration is the key to getting wealthy. Diversification is the key to keeping your wealth.Stop speculating, instead buy an index fund and let it sit if you’re interested in compounding wealth.Andrew’s takeawaysPeople get wealthy by first concentrating their energy on improving themselves through education and/or working with smart people. Second, they find the right way places to allocate their money.Don’t have too much diversification. You want to get exposure, particularly to the stock market, because you need that compounding. But you also don’t want to be overly concentrated.Figure out where you’re going to create the most wealth.Actionable adviceReduce speculative investments. Anything that you’re buying with the anticipation that you’re going to sell to someone else at a later date for more money is speculation, as opposed to buying shares in Coca-Cola or American Express, or any other well-established business.No. 1 goal for the next 12 monthsGil’s number one goal for the next 12 months is to turn readers of his new book FOOLISH: How Investors Get Worked Up and Worked Over by the System into clients. [spp-transcript] Connect with Gil BaumgartenLinkedInFacebookWebsiteBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Meridith Elliott Powell is passionate about helping her clients learn the strategies to turn uncertainty into a competitive advantage.STORY: Meredith met her husband at 21, and they got married soon after. She spent close to 17 years trying to save her husband from countless brushes with death, arrests, and bankruptcies.LEARNING: Have the courage to do what is right for you, not what you think society wants you to do. You can’t fix things you can’t control. “Surround yourself with the right people. People whose values you admire and who won’t judge you or tell you what to do. They just love you and support you.”Meridith Elliott Powell Guest profileVoted one of the top 15 Business Growth Experts To Watch, Top 41 Motivational Speakers, and Top Sales Expert on LinkedIn, Meridith Elliott Powell is passionate about helping her clients learn the strategies to turn uncertainty into a competitive advantage. She is the author of six books, including her latest THRIVE: Turning Uncertainty To Competitive Advantage.Worst investment everMeridith’s father died of alcoholism when she was just 21 years old. It was at this point that she met her future husband. They quickly got married, and the marriage turned out to be her worst investment ever.Meridith stayed tied to her husband through countless brushes with death, arrests, and bankruptcies until he died when he was 41 and she was 38.Meridith wasted some of the good and best years of her life trying to save someone that had zero desire to be saved.Lessons learnedTrust your gut, not your head.Have the courage to do what is right for you, not what you think society wants you to do. Have the courage to live your life and to live your voice.You can’t fix things you can’t control.Andrew’s takeawaysYou can only help someone who wants to be helped.Actionable adviceFind your voice. Spend time figuring out what kind of life you want to lead. Then ask yourself what is preventing you from getting that life, and what are you doing right to get that life.No. 1 goal for the next 12 monthsMeridith’s number one goal for the next 12 months is to help people start to view what life throws at them as an opportunity rather than a negative. [spp-transcript] Connect with Meridith Elliott PowellLinkedInTwitterFacebookYouTubeWebsiteBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Furqan Aziz is the CEO of InvoZone, a software development company that specializes in resource augmentation.STORY: Furqan took on a client who promised to pay him in the form of shares to develop what seemed like an excellent product for airlines. Unfortunately, COVID hit, and the product never saw the light of day. Needless to say, all the time, money, and resources Furqan invested in developing the product went down the drain.LEARNING: Do thorough research to validate every idea before you invest in it. Size your position; invest just a little if the investment idea is high risk. “Fail fast, and don’t keep sporting your mistake by making another mistake.”Furqan Aziz Guest profileFurqan Aziz is the CEO of InvoZone, a software development company that specializes in resource augmentation. He has over 10 years of experience in the IT industry and specializes in architecting concurrent, distributed, fault-tolerant, scalable applications.Worst investment everIn 2018, Furqan met with a client whose background was very solid. They were providing big software to airline companies. The client came to Furqan with a great idea. They had a lot of data from the airlines they worked with, and they wanted to build a big data product where they would utilize that data and give some analytics to the decision-makers. The idea was to pitch these to the airline industry decision-makers and have them buy the product.The idea had the potential to make a lot of money for Furqan and the client. The catch, however, was that the client could not pay Furqan for any services rendered but offered him shares in their company. Usually, Furqan would never get into such a deal. But because the company had an excellent background and the idea was also exciting, he decided to take the risk.Furqan started the development, and after six months or so, they prepared their proof of concept and then demonstrated it to the airline decision-makers, and they were okay-ish at that moment. But they asked for more features to make the product useful. Furqan sat down with the client and talked about these extra features, and they agreed to add them.Again, Furqan spent six more months and made the additions. They went back to the airline companies, but again, they asked for more features. Furqan spent three more months, and before they could go back to the airlines, COVID hit. Now the product was a waste. All the money, time, and resources Furqan invested went to waste.Lessons learnedIf you’re going to ask someone to put money into your solution, you must make it a lot better than what they already have.Don’t deviate from whatever you are doing as a core business unless you’re really sure about the new thing you want to delve into. Remember that chances of failure are pretty high.Don’t set your expectations too high even if you’re very successful in your core business because your core business is pretty different from whatever you will do.Do the market research by yourself rather than relying on someone else, especially the person selling the idea to you.Fail fast, and don’t keep sporting your mistake by making another mistake. Walk away as soon as you realize that this is not going to work.Don’t wait for the golden moment. If things are not working well, just cash out whatever you can because acquisitions are not always bad; sometimes, they are good for you.Andrew’s takeawaysIn life and business, there are all kinds of risks you can face. Your goal is to try to reduce those risks, but you can never reduce them completely.Don’t just look at the upside; you always have to look at different downsides too.Size your position. If you know that you’re taking a big risk by doing something that you don’t normally do, put about only 5% of your resources into it, and then slowly build up.Actionable adviceYou must validate all ideas by doing extensive research so that you can fully understand them before you commit. Don’t rely just on the person who is presenting the idea.No. 1 goal for the next 12 monthsFurqan’s number one goal for the next 12 months is to build another product for the healthcare industry, this time around employing all the lessons he learned from his worst investment ever. [spp-transcript] Connect with Furqan AzizLinkedInTwitterWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Nada Lena Nasserdeen is transforming companies and individuals with people, emotional, and communication skills.STORY: Lena Dena was a high-flying executive, but she gave it all up for a marriage that lasted just two weeks.LEARNING: Focus more on the inner and not the outer things that make you who you are. “Everything you need is already inside of you; you just have to rise up for you and do it.”Nada Lena Nasserdeen Guest profileNada Lena Nasserdeen is transforming companies and individuals with people, emotional, and communication skills. She is a TEDx speaker, best-selling author, a corporate trainer, a leadership and confidence coach, and the founder of Rise Up For You.Worst investment everNada Lena was a successful executive at 28 years old, living the best life. She had everything you imagine to be a success. From a luxury car, house on the lake, boats, and kayaks to all kinds of stuff. Then she decided to spend all her energy and time building a relationship. She resigned from her company, sold everything, pulled out her 401k, and moved out of the country to get married.After two weeks of being married, Nada Lena’s husband decided that he wanted a divorce. She went from a high functioning executive with six figures, a house, and all this stuff successful people have to two luggage and $100. No car, no house, no job. She had invested a lot of time, energy, and resources to make this shift happen. Unfortunately, it just didn’t work out. Nada Lena had to rebuild herself up again from zero.Lessons learnedLife is more about the inner skills that help us become successful, not technical or outer skills and things that we emphasize. These don’t make you who you are.It’s essential to believe in yourself and feel confident that you’re enough, even when you have it rough.Andrew’s takeawaysIf you can get an education and a strong family bond, that’s already a significant step towards success. Focus on that.Actionable adviceConstantly do a check-in with yourself on all the pillars of life—your self-worth, career, romance, health and fitness, your community, and money. Building a life that you’re proud of is not only about spending all your time, money, energy, and resources in one area but having a very balanced and nurtured environment as a whole human being. So that when one pillar falls, you can still use the other five pillars to pull you back up.No. 1 goal for the next 12 monthsNada Lena’s number one goal for the next 12 months is to invest in a home once the market dips.Parting words “The greatest tragedy is wasted human potential. I encourage you not to let that be your story.”Nada Lena Nasserdeen [spp-transcript] Connect with Nada Lena NasserdeenLinkedInInstagramFacebookWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Owen O’Malley and Ana Rodríguez are business and life partners. They are on a mission to create one million millionaires by 31st December 2050.STORY: Owen invested $25,000 in a business he had no experience running because his friend convinced him to. The company failed, and he lost all the money he had invested.LEARNING: Invest in something that is liquid and is in your control. Take time to ask questions before you buy into an investment idea. “Keep the money in your control at all times.”Owen O'Malley and Ana Rodríguez Guest profileOwen O’Malley and Ana Rodríguez are business and life partners. They are on a mission to create one million millionaires by 31st December 2050. They have helped many people accumulate one million dollars in their online trading accounts, and they have a powerful plan to help you reach one million dollars by just investing 200 per month.They were taught by the most successful investors in the world and have a combined 30 experience in the markets.Worst investment everOwen was once approached by someone he knew and showed him this spectacular business plan. The plan was to set up a factory making security cameras. This was in the early 90s, before CCTV was big. Owen was excited about this project. The two were going to build their own security cameras in a tiny little factory in Donegal and sell them worldwide.Owen’s friend convinced him to invest $25,000, which he didn’t have at the time. He went to the bank, borrowed the money, and gave it to his friend. This was the worst investment he has ever made. The business never panned out. If Owen had done his math right, he would have put that $25,000 in the stock market, and it would be worth multiple millions today.Lessons learnedMake sure you invest in something that is liquid and is in your control.Don’t lose control of the checkbook; keep the money in your control at all times.When you invest in the best companies in the world, you’ll have the best people in the world working for you.Andrew’s takeawaysSmall businesses are a trap. If you’re running one, you’re just going to get trapped. You’re rarely going to be able to cash it out, so you just get stuck.If someone comes to you with a sexy idea about investing, take the time to ask the questions.Actionable adviceIf you are going to invest in companies, go to the stock market and invest in the best companies.No. 1 goal for the next 12 monthsOwen and Ana’s number one goal for the next 12 months is to continue opening up investment clubs and give people that safe, supportive space that they can learn and grow within.Parting words “By living in abundance, we attract abundance for us and for others around us, so it’s safe to be there.”Ana Rodríguez [spp-transcript] Connect with Owen O'Malley and Ana RodríguezLinkedIn Owen O'MalleyLinkedIn Ana RodríguezTwitterFacebookPodcastWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast