Don't Get Mad at the Loss, Be Glad for the Lesson | ReWire 1667

The Hardcore Closer Podcast

Ryan Stewman

Selling, Closingsales, Salestraining, Entrepreneurship, Business

4.8 • 1.5K Ratings

🗓️ 22 April 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

One thing you need to know in life, especially as an entrepreneur is you're going to lose money.

Whether you leave it in your jeans pocket and wash it or lose money from a business transaction go wrong, take the lesson in each one of those experiences.

Once I bought into a seed round of a company that is publicly traded.

I spent $100 K but I was thinking it would be huge like FB. They valued it at $3 billion, so I thought once it goes public, the price will shoot through the roof.

I was wrong.

It was only worth 62-cents a share by the time they launched their IPO.

People get upset when they lose money, not realizing they actually paid for the lesson or experience.

My loss has been taken on paper. This was one of the lessons I learned.

The second was learning more about the company's debt and if they're hemorraging money.

These are lessons that allowed me to learn lessons so I could make better investments the next time they came around.

There was a year when I lost $1.5 million in investments with companies I thought were solid.

I asked my wife why God would do this to us.

She simply stated, "Be grateful it was at a million and not 10."

So, when you take risks and make investments, don't sit too long with the failures, but pull the valuable and priceless experiences you got from them that have prepared you for the future.

I bought in at

About the ReWire Podcast

The ReWire Podcast with Ryan Stewman – Dive into powerful insights as Ryan Stewman, the HardCore Closer, breaks down mental barriers and shares actionable steps to rewire your thoughts. Each episode is a fast-paced journey designed to reshape your mindset, align your actions, and guide you toward becoming the best version of yourself. Join in for a daily dose of real talk that empowers you to embrace change and unlock your full potential.

Learn how you can become a member of a powerful community consistently rewiring itself for success at https://www.jointheapex.com/

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Transcript

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0:00.0	Welcome to the rewire podcast.
0:02.0	I'm your host, Ryan Stumann,
0:04.0	and I'm here to rewire your mind for success.
0:07.0	You were put on this planet for success.
0:09.0	You were created to succeed,
0:11.0	but the force of average is after you every single day,
0:14.0	my brothers and sisters,
0:16.0	and this podcast is the one thing that's designed
0:19.0	to help you fight the force of average and excel in every
0:22.1	area of your life. We're glad that you're here. Okay, one thing you need to know about being
0:28.1	an entrepreneur or really in life just as a person is that you're going to lose money.
0:34.2	We're going to make mistakes in business. We're going to make mistakes with our finances. As individuals, we are going to drop a dollar, lose money. We're going to make mistakes in business. We're going to make mistakes with our finances.
0:38.1	As individuals, we are going to drop a dollar, lose a quarter. We are going to lose money.
0:43.8	But what we never lose is the experience and the lesson that we get when we lose that money.
0:52.1	Now, a lot of times people, they get upset when they lose money.
0:55.5	And I'm no exception to that rule. Nobody likes to just give away money or lose money or
1:00.5	hell, even if it's washing a dollar in your jeans pocket, that still bothers me, right?
1:04.8	I don't like one of my 21 rules of money, which you can find on YouTube is never waste money.
1:10.6	And that would include losing money,
1:12.3	but in deals over the years where I've lost money, I've gained a lot of experience. In investments
1:17.9	that I've made that didn't pan out, I have gained equal or more experience and wisdom in the
1:25.6	value of experience and wisdom than I did in the investment.
	...

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