421-Success --> Failure --> Success, the Hard Way! What You Can Learn About Money and Investing From This Woman Who Lost It All
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 25 January 2017
⏱️ 50 minutes
🧾️ Download transcript
Summary
I love to learn from people who have experienced great success in their lives.
But sometimes, you can learn more from failure than success!
Today, I've invited a new friend of mine on the show to learn what she learned from her massive failures in the past!
She and her husband were on the fast track toward wealth and financial freedom; they owned a ton of real estate and a thriving business.
And then they lost it all.
Listen to the episode for the gripping account of what that was really like!
Joshua
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Transcript
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| 0:00.0 | In life and especially in finance it's tempting to want to listen only to success. |
| 0:05.5 | It's tempting to want to think only in terms of success. |
| 0:10.8 | And yet all of our experience would tell us that that's simply not realistic. |
| 0:17.0 | You can think and believe positively, but at the end of the day you got to face reality. |
| 0:24.4 | So wouldn't it be helpful to sometimes think about failing? |
| 0:29.2 | And perhaps more importantly, |
| 0:30.6 | wouldn't be helpful to talk to people who have failed big? |
| 0:35.0 | Today in radical personal finance we do exactly that. Welcome to Radical Personal Financial, the show dedicated to providing you with the knowledge, |
| 0:57.0 | skills, insight, encouragement, and experiences, living vicariously, hopefully, |
| 1:04.3 | that you need to live a rich and meaningful life now |
| 1:06.6 | while also building a plan for financial freedom |
| 1:08.5 | in 10 years or less. |
| 1:09.9 | My name is Joshua Sheets and I am your host, |
| 1:12.1 | and today we talk with somebody who's been to the top, |
| 1:15.8 | been to the bottom, and then back up again. Listen, I believe in studying people who are successful. I think that's really, really a good plan. |
| 1:32.4 | Obviously that's really, really a good plan. |
| 1:32.5 | Obviously, that's the vast majority of the show here. |
| 1:36.0 | I believe that you can learn a lot from people who are successful. |
| 1:40.0 | But sometimes I think you can learn more from people who have failed, especially from people who have failed big. |
| 1:47.0 | Because if you can study the people who have failed, and the people who have failed big and start to figure out what are some of the common threads, I think you can potentially |
| 1:58.7 | inoculate yourself against some of those behaviors. So it's been hard for me however to find people who have |
| 2:06.0 | failed. After all, most people who have failed don't want to walk around and |
... |
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