My 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

BIO: Curt Mercadante specializes in helping business owners deliver the right message to the right clients to generate the right revenue.STORY: Curt grew up knowing that owning a home is an important investment that everyone should have. Over the years, and after a couple of losses, he has learned that a home is not an investment unless you’re planning on flipping it.LEARNING: Don’t just take advice at face value, do your research and get second opinions. Don’t fall for the American Dream fallacy; rent if that’s what you want. “Remember to apply your greatest weapon—creative thinking—where you think with the end in mind.”Curt Mercadante Guest profileCurt Mercadante specializes in helping business owners deliver the right message to the right clients to generate the right revenue.For 23 years, he has counseled small businesses, entrepreneurs, as well as some of the largest corporations and associations in the US. He’s built three profitable businesses, including a 7-figure PR and ad agency.Curt has trained, coached, and delivered keynotes and workshops to clients across the globe.He is a Gallup-Certified Strengths Trainer, a Certified Human Behavior Consultant, host of The Authority Brand podcast, and author of the bestselling book, Five Pillars of the Freedom Lifestyle.Curt and his wife, Julie, are currently traveling the country with their four children.Worst investment everOver the years, Curt has owned several homes, and he viewed them as investments all along. His financial advisor would often advise him not to look at houses as an investment. Still, because of how he was brought up and the fallacy of the American dream, Curt always believed owning a home was the best investment. After making a couple of losses buying homes, Curt now believes his financial advisor.Lessons learnedOur habits are influenced by our societal conditioning, which can be dangerous.A lot of the security we have is an illusion. Step back, have some discernment and awareness, and start asking yourself why you do what you do—question your conditioning instead of flowing with it.Andrew’s takeawaysDon’t be caught up in the American Dream fallacy.Buying a home is not always the best option; sometimes renting is.Actionable adviceDon’t just take things at face value just because someone you know said it, or someone on TV said it, or some experts somewhere said it. Do your homework and get a second opinion. Also, remember to apply your greatest weapon—creative thinking—where you think with the end in mind.No. 1 goal for the next 12 monthsCurt’s number one goal for the next 12 months is to unleash his creative flow on a regular basis.Parting words “When the world is burning around you, keep your head above water. Think creatively, and you won’t go wrong.”Curt Mercadante [spp-transcript] Connect with Curt MercadanteLinkedInTwitterBlogPodcastBookAndrew’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: Simon Bedard is the CEO of Exit Advisory Group, a boutique M&A firm, that also provides a range of advisory services focused on exit strategies and how to maximize company value.STORY: Simon had a client who convinced him to change the terms of their contract. The change worked in Simon’s favor because he made $2 million after delivering his services instead of the low seven-figure he had quoted. Unfortunately, the client now felt this was more than he expected and refused to pay up.LEARNING: Make your contracts airtight enough to cover you during conflicts. A contract is important but doesn’t have to be everything. “If you don’t understand all the elements of your contracts, then you’ll make decisions on flawed information.”Simon Bedard Guest profileSimon Bedard is the CEO of Exit Advisory Group, a boutique M&A firm, that also provides a range of advisory services focused on exit strategies and how to maximize company value.Simon’s experience spans over 20 years in the finance, investment, energy, and technology sectors. As an entrepreneur, Simon has started, bought, and exited his own companies. He has also worked for one of Australia’s largest banks as an investment advisor to high-net-worth clients and private companies.Simon’s passion is helping business owners understand where they want to be, then building a business that can get them there.Worst investment everSimon’s company had this particular client that they wanted to work with. The company negotiated a contract and put a standard fee based on the valuation they did. This was a solid seven-figure. The client came back and renegotiated the contract wanting a sliding scale with the aim of getting Simon’s company to push for higher valuations.He told them that this was unnecessary because his firm is motivated and would do the best possible work. But because the company could make more from this deal, Simon accepted their terms.The company went on to deliver more than the client expected. By the time it came to getting the deal done, the valuation was probably 50% higher than the client initially thought. And so, Simon’s fee went from a low seven-figure to over $2 million.Now the client didn’t want to pay. They went down the path of just blatantly making up lies and never paid up.Lessons learnedWhen structuring your contracts, make sure that you include things that you are willing to accept and not accept and make sure it is tight.When getting into a contract, do a basic scenario analysis of good and bad outcomes and how clients are likely to react to certain things.Be wary of making your contracts super tight and aggressive because every deal has different underpinnings. Know what you can afford to give up to keep both parties happy.Andrew’s takeawaysContracts only matter at the point of conflict. So make sure you’re protected from that.A contract is important but doesn’t have to be everything. Things change, and you can always talk, resolve issues, and modify a contract if necessary.Actionable adviceWhatever you invest in, make sure you spend time assessing all the variables and understand where the risk sits.No. 1 goal for the next 12 monthsSimon’s number one goal for the next 12 months is to find good solid advisors and people to join his team and help us have the kind of impact we want to have.Parting words “Be kind to yourself and to the world. We need more kindness.”Simon Bedard [spp-transcript] Connect with Simon BedardLinkedInFacebookYouTubeBlogPodcastWebsiteAndrew’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: Ali Awad, also known as The CEO Lawyer on social media, is a successful lawyer and entrepreneur. He has a multi-million dollar law firm and media company where he teaches lawyers, doctors, and other professionals how to brand themselves digitally and generate clients through social media.STORY: Ali once delivered an order of car audio worth $25,000 to a newly acquired customer. Out of excitement to make such a huge sale, he made the mistake of accepting postdated checks for payment. The checks bounced, and the customer threatened to shoot him if he ever went near his store again.LEARNING: Only accept risk-free payment methods, especially when dealing with new customers. “Do whatever you can to make sure that when you get paid, that money cannot be reversed.”Ali Awad Guest profileAli Awad, also known as The CEO Lawyer on social media, is a successful lawyer and entrepreneur. He has a multi-million dollar law firm and media company where he teaches lawyers, doctors, and other professionals how to brand themselves digitally and generate clients through social media.Worst investment everAli started a wholesale car audio company when he was 19. Instead of selling online, he decided he’d sell wholesale to other retailers within a 30-mile radius of his hometown of Dalton, Georgia.Ali would drive around to different car audio shops in the area. He quickly realized that most retailers were not going to buy from a 19-year-old. But he didn’t let it deter him. He just kept going and hustled hard.Eventually, Ali landed a significant account in New Orleans, about 500 miles away from where he was located. The retail shop placed an $18,000 order. He drove all the way to New Orleans with his dad and brother to deliver the order. While there, Ali helped them sell the product to a retail customer for like 20 times more than he was charging them. This led them to place a second order was for $25,000.Ali loaded his trailer with car audio and went to deliver the order, but he went by himself this time. Instead of paying him cash, they gave him a stack of postdated checks that he was to deposit about three weeks out. Ali was excited about getting so much money that he didn’t think much about why they were paying him in postdated checks instead of cash as usual.Trouble started when he deposited the first check, and it bounced. The buyer gave him a flimsy excuse. After a while, he deposited the second check, and it bounced too. Ali called the buyer and asked what was going on. Again, he gave him a flimsy excuse. Ali informed him that he would go to the store and get his stuff back because he was done with the lies. The buyer said, “Sure. Why don’t you come over here, and I’ll put a bullet in your head.” And that’s how Ali lost $25,000.Lessons learnedDon’t accept payment if it can bounce or be reversed.Try to business that you can scale without your everyday involvement.Be careful not to jump from one business to the next or to take shortcuts in business.Always skill up no matter where you are in your entrepreneurship journey.Andrew’s takeawaysIf you can, get paid in cash or any other risk-free payment method.Actionable adviceConnect your bank account to your website for payments. And instead of accepting credit cards, make people pay with a direct deposit. Do whatever you can to make sure that when you get paid, that money cannot be reversed.No. 1 goal for the next 12 monthsAli’s number one goal for the next 12 months is to increase his employees to 100 and spend a million dollars on ads a month. He also wants to focus on diversification. [spp-transcript] Connect with Ali AwadLinkedInTwitterFacebookYouTubeWebsiteAndrew’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: Kim Kristiansen is a Family Physician from Denmark with more than 30 years of clinical experience. He is a peer reviewer for medical journals and a former TEDMED research scholar.STORY: Kim found himself wasting so much time reading research papers that were not relevant to his patients. Now he has learned how to screen papers for clinical relevance.LEARNING: Screen research papers for clinical relevance to avoid wasting your precious time. “Research analysis it’s not just about reading the paper; it’s also about finding relevance in it.”Kim Kristiansen Guest profileKim Kristiansen is a Family Physician from Denmark with more than 30 years of clinical experience.He has researched pain medicine; he is a peer reviewer for medical journals and a former TEDMED research scholar.He is a host at the podcast Precision Evidence. He and his co-host go beyond the abstracts of clinical research papers looking for clinical relevance and precision of the evidence and discuss how to read, analyze and look for pitfalls when reading about results from clinical trials.Finally, he is a co-founder of Zignifica, a company building a system and method to analyze clinical research for precision, relevance, and meaningfulness based on a grading system.Worst investment everAs a practicing physician, Kim often found himself paying interest and spending time reading papers published in medical journals that turned out to be of no clinical relevance or meaningful to his patients. This would see him waste so much of his precious time. He has learned how to analyze research papers for clinical relevance and is helping others do the same.Lessons learnedBe careful about how you spend your time screening for clinical relevance. Don’t waste your time reading something out of your interest and which you cannot relate to.Andrew’s takeawaysAllocate your resources (creativity and energy) to research findings that are worth your time.Dead-ends are part of the research process. When you’re in the field of research, expect to go down blind alleys and investigate a bit, you can never completely get rid of that.Actionable adviceDo your analysis and force yourself to sync up the usefulness of the findings, not just believing that it’s correct because it was in whatever journal it was in.No. 1 goal for the next 12 monthsKim’s number one goal for the next 12 months is to increase the awareness of clinical relevance.Parting words “Be curious and ask questions about the meaningful relevance of the outcomes.”Kim Kristiansen [spp-transcript] Connect with Kim KristiansenLinkedInTwitterBlogPodcastAndrew’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: Dan Solomon is on a mission to help international students and young professionals, especially those in Germany and the Netherlands, gain the right skills to succeed in the job market.STORY: When Dan was studying in Russia, he would receive $500 every month from his scholarship. Dan never invested a single cent of this money for the five years he was in Russia, which regrettably would have grown to a substantial amount had he invested it.LEARNING: Start investing now to gain from compounding interest. Don’t spend your dividends or interest; reinvest it. “Invest, and don’t take out your gains.”Dan Solomon Guest profileDan Solomon has a diverse background in engineering, business, and finance with experience across several industries, including banking, consulting, and chemical. He is on a mission to help international students and young professionals, especially those in Germany and the Netherlands, gain the right skills they need to succeed in the job market. He is a strong believer in taking little steps towards making the world a better place.Worst investment everDan spent five years studying in Russia on a scholarship. For those five years, he would receive $500 per month. Dan was a bit flamboyant and spent all that money on things that didn’t really mean anything. He bought stuff he didn’t have to buy. Dan regrets never investing any of this money.Lessons learnedStart investing now. You don’t need to wait until you have x amount of money in your bank account; it’s never going to come. Start now and build that discipline.You need to understand what kind of investment you’re getting into. Why should you invest in an index fund or an ETF, or individual stocks? Most importantly, understand the concept of compound interest.Andrew’s takeawaysBuild your knowledge base because you will suffer from a lack of knowledge.You will not witness an exponential rise in your investment until about year 20. It is, therefore, essential to start investing now.Don’t take out any money you get from your investment to pay bills, instead reinvest it so that you benefit from compounding interest.Actionable adviceStart now.No. 1 goal for the next 12 monthsDan’s number one goal for the next 12 months is to build the Bliss Career platform to a level where it is self-sustaining to help as many people as possible. He also wants to build the discipline to keep pushing his investment plans and make sure that he stays consistent.Parting words “Try your best to make sure that every month you take a bit of your money and put it in your investment portfolio.”Dan Solomon [spp-transcript] Connect with Dan SolomonLinkedInWebsitePodcastAndrew’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: Shinobu Hindert is a certified financial planner™, professional, money expert, and creator of Empowered Planning, LLC.STORY: Shinobu tried to convince her clients to diversify their investment, but they ignored her and insisted on investing 100% in the Lehman Brothers company. When the 2008 financial crisis hit, the company went under, and the clients lost their investments. Shinobu regretted not pushing them harder to diversify.LEARNING: Don’t be afraid to push your philosophy hard if you believe in it. What worked for you in the past may not always work for you in the future. “Always push harder as a financial adviser, especially if you have a philosophy you believe in.”Shinobu Hindert Guest profileShinobu Hindert is a certified financial planner™, professional, money expert, and creator of Empowered Planning, LLC. She spent the first half of her career working for some of the largest financial institutions in the United States, including Smith Barney and Fidelity Investments. As a financial adviser, she created personalized financial plans for high-net-worth individuals overseeing more than $350 million in client assets.Now Shinobu has taken all her knowledge and created a simple, proven method for teaching personal finance. She has delivered over five hundred live workshops covering a wide range of topics, from budgeting to estate planning. Her goal is to simplify the complex world of investing and empower women everywhere to reach financial freedom.Worst investment everShinobu was working as a financial advisor back in 2007, and everything was good. Everybody loved financial advisors. When 2008 started approaching, there were hints that the markets were beginning to dwindle. But financial advisors didn’t dwell on these hints. Then came rumblings that banks were backing out of loans.One day in 2008, Shinobu came back to the office after lunch and found that the market had dropped so quickly that they had halted trading. The market just started to plummet from there. Lehman Brothers company went under, and all hell broke loose.Shinobu had clients who had invested 100% in Lehman Brothers, and now they were about to lose everything. She had tried to get them to diversify their investments earlier, but they didn’t want to listen to her. When the financial crisis hit and so many people were affected, Shinobu regretted not pushing harder to get her clients to diversify.Lessons learnedIf you’re a financial adviser and have a philosophy you believe in, you must push it harder.Don’t shy away from selling. It’s your responsibility as a financial adviser.Find a trusted partner, a family member, or a financial expert, whom you can talk to when you make a mistake.Mistakes are part of learning, don’t let them consume you.Andrew’s takeawaysWhat worked for you in the past may not always work for you in the future.Actionable adviceBe clear on the purpose of the money you’re investing. What is the goal of that money? Be clear about it, and then you will feel comfortable with your investment strategy.No. 1 goal for the next 12 monthsShinobu’s number one goal for the next 12 months is to promote her academy, Empowered Academy, to a larger audience.Parting words “If you are about to make an investment and don’t understand it, just ask, ask, ask, ask until it makes sense.”Shinobu Hindert [spp-transcript] Connect with Shinobu HindertLinkedInFacebookWebsiteBookAndrew’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: Kittisak Kovintavewat is a value investor who focuses on investing in value stocks in the US and China.STORY: Kittisak bought the Thai Airways stock as it grew steadily, but a few external and internal problems made the stock price drop. Even though Kittisak had studied the company extensively and knew the stock was strong, he panicked and sold his shares. The problems were later resolved, and the stock went up to three times more than what Kittisak had sold it for.LEARNING: Don’t focus too much on the price; instead, focus on the company’s stability. Find your investment style. “Invest often so that you can find your investment style. Once you find your style, you will gain more success.”Kittisak Kovintavewat Guest profileKittisak Kovintavewat is a value investor who focuses on investing in value stocks in the US and China. He has been investing in the US for more than seven years and runs the Billionaire VI page to help investors invest following the value investment style.Worst investment everIn 2014, Kittisak took an interest in Thai Airways. He studied the company for a while and realized that the company would make a huge profit every time oil prices would fall. Kittisak continued his research, convinced that it was a good company to invest in.At the time, Thai Airways’ shares were selling at 15 Baht per share. The price kept rising after Kittisak made his investment. But after a while, problems started arising in the Thai economy. The company was also experiencing internal issues, and this saw the share price begin to fall. The price went all the way down to 9 Baht per share. At this point, Kittisak feared that he would lose his entire investment, so he made the rash decision to sell his shares at 9 Baht per share.Soon after Kittisak sold his shares, the government came to Thai Airways’ rescue, and things started turning for the company. Within a few months, the share price went up to 30 Baht. Kittisak was devastated for not giving the company a chance to turn around.Lessons learnedDon’t speculate in the stock but invest in the company. If you focus on the stock, you only concentrate on the short-term price, but when you focus on the company, you focus on the long-term value.Never invest in a turnaround company; instead, invest in stable companies with the potential for long-term gain.Investment is about time, so always think long-term.Andrew’s takeawaysYou can’t capture every factor that affects a share price; there will be surprise factors.Find your investment style.Actionable adviceUnderstand the difference between speculators and investors. Speculators are interested in the price and make profits when the prices go up. They buy and sell in the short term. They don’t want to study or know about the company. An investor takes time to learn about the company and understands the fundamentals of the company. They consider themselves the owner of the company. The investor succeeds more than the speculator.No. 1 goal for the next 12 monthsKittisak’s number one goal for the next 12 months is developing and growing his portfolio by 20%. He also wants to continue sharing more investment information via his Billionaire VI page.Parting words “The most important thing now is to stay safe because if you get COVID, you cannot invest or make money.”Kittisak Kovintavewat [spp-transcript] Connect with Kittisak KovintavewatLinkedInFacebookWebsiteAndrew’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: Julie Talbot is growing a UK property portfolio from Abu Dhabi, where she lives with her husband and twin daughters. She’s completed 25 property projects since 2017, and 2 of her rules are she doesn’t fly back to the UK, and her phone doesn’t ring.STORY: When Julie moved to Abu Dhabi, she assumed she couldn’t handle her property business in the UK from that many miles away, so she hired someone in the UK to do it for her. This person got her mixed up in a property price war that took 10 years to resolve.LEARNING: You’ve got all it takes to run a business from 4,000 miles away just as you would if you were 4 miles away; believe in yourself. If you want to seek advice, get it from an expert in that area, not a novice. “Your perception is your reality.”Julie Talbot Guest profileJulie Talbot is growing a UK property portfolio from Abu Dhabi, where she lives with her husband and twin daughters.She’s completed 25 property projects since 2017, and 2 of her rules are she doesn’t fly back to the UK, and her phone doesn’t ring.Download her Ebook Expats Bootstrap Your UK Property Business and learn 12 property secrets to help you grow and manage your property portfolio IN the UK whilst you are OUTSIDE the UK.Worst investment everIn 2009 Julie decided that she wanted to be a professional landlord. She did some training, worked with a coach, and bought a few houses quite quickly that year. The same year, Julie got married, and the couple decided to move overseas.Julie assumed that she couldn’t carry on buying houses as she had been doing it. She also thought that because she was thousands of miles away and couldn’t fly to the UK every time she needed to view a house, she would have to work with somebody on the ground to do stuff for her.Julie started working with someone who found her a property that matched her criteria. The property was a small block of flats, not her usual type of property as she typically bought family houses, but since it met her criteria, she agreed to go for it. For various reasons, Julie ended up not buying them all at the same time. The vendor held one, Julie bought one, and the person she was working with bought another. Julie wasn’t aware of what was happening, and all along, she thought she was the only one making the purchase. It also turned out that there was a misunderstanding somewhere in this chain of people about the price. The vendor thought it was one price, and Julie thought it was another, and it took them 10 years to fix that. If only Julie had done the business on her own as she had done while in the UK, she would have saved herself 10 years of emotional turmoil and frustration.Lessons learnedWhen you’re doing anything new, leverage on the value of connecting with somebody who’s done it before or who’s been through it.Your perception is your reality.Andrew’s takeawaysTake advice from an expert.Anything that gets complicated let that be a warning bell.Business is full of risk, both seen and unseen. Do your best to manage risks.Actionable adviceIf you want to grow a portfolio from overseas, don’t believe or let the miles be a barrier. You’ve got all the same options you would have if you were four miles away from where you want to buy. What stops you when you’re 4,000 miles away is a mindset of thinking you’re far away; therefore, you can’t. You can scale a portfolio the same way 4,000 miles away as you would if you were four miles away. You just need to do a few things differently.No. 1 goal for the next 12 monthsJulie’s number one goal for the next 12 months is to carry on living simply, spontaneously sustainably, by her rules and growing her portfolio. [spp-transcript] Connect with Julie TalbotLinkedInFacebookInstagramEbookAndrew’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: Dan LeFave is the #1 Best-selling Author of Living the Life of Your Dreams - How To Stop Working Insane Hours And Start Living An Awesome Life. He helps businesses grow 7 and 8-figure revenues.STORY: Dan quit his job to work in his brother’s company, where he ended up managing daily business operations. His brother’s business systems were pretty chaotic, and it took Dan years to get it to run smoothly. When Dan asked his brother to make him a shareholder, and he refused, he realized that he had made his worst investment building someone else’s dream.LEARNING: Be careful of working with chaotic people or systems because you will only keep going in circles without gaining any value. “Discipline can be learned, but it’s best learned at a young age.”Dan LeFave Guest profileDan LeFave received life’s second chance when he survived a severe car accident that took three lives. He’s struggled through brain injuries, business failures, heartbreaks, running marathons, and daily fights with fear and doubt.He is the #1 Best-selling Author of Living the Life of Your Dreams - How To Stop Working Insane Hours And Start Living An Awesome Life.Dan helps businesses grow 7 and 8-figure revenues. He’s known as the 7-Figure High-Performance Business Coach because online business owners hire him to establish self-managing businesses in a few short months by upgrading their SKILLSET, MINDSET + SYSTEMS to scale with ease.Worst investment everTwenty-five years ago, Dan was trying to figure out his life after graduating college and working as a junior investor, which he didn’t excel in. During this time, he communicated with his brother, who was building a business in wireless telecom. As they got talking, Dan asked his brother if he could join him, and he accepted.After two weeks of working in the field, Dan got an injury and had to leave the field and work in his brother’s office. This saw him start running the business operations. It’s only after Dan began working in the office that he realized how chaotic his brother was. His business records and operations were a mess. Dan, though inexperienced, did everything he could to get the business running properly for a couple of years. All this while, his brother was paying him way below what he deserved. When Dan asked to be a partner in the business, his brother refused, and that’s when he realized that he was better off building his own career path, so he left.Lessons learnedNever partner with chaotic people.When you go through bad experiences, convert those experiences into something better so you can achieve your dreams.Andrew’s takeawaysShareholding in a company is not always the best option; a cash bonus may be better.Chaotic people or systems rarely create value.Actionable adviceTake a broader perspective and take some more time to think and know what you want.No. 1 goal for the next 12 monthsDan’s number one goal for the next 12 months is to push his brand, The Three-month Year. Dan wants to help people transition from an intentional imbalance in their business to better health, well-being, and relationships with this business.Parting words “If you’re listening to this and there’s one thing you take away from it, write it down and implement it today.”Dan LeFave [spp-transcript] Connect with Dan LeFaveLinkedInTwitterFacebookYouTubeBlogWebsiteAndrew’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