Is it Possible to Lose Money?
Deeper Than Money
Chloe Elise
4.9 • 825 Ratings
🗓️ 19 April 2021
⏱️ 20 minutes
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| 0:00.0 | Hi and welcome to the Deeper Than Money podcast. I am your host, Chloe Elise. I'm a millennial money |
| 0:11.3 | coach speaker, dog mom, and a seven on the enneagram, and I am on a mission to prove to you |
| 0:17.1 | that finances can be fun and easy. On the Deeper Than Money podcast, we will dive |
| 0:22.6 | into all things millennial finance, debt, saving mindset, and how to have financial freedom |
| 0:29.0 | to enjoy life in your 20s and 30s. I want you to leave this podcast with more confidence around |
| 0:34.9 | your Moolah and the belief that your biggest financial dreams are |
| 0:38.2 | possible for you. So let's talk money. Today we're going to be talking about losing money and what that really means. So this past week I had a client who said to me, you know, Chloe, I made this really bad investment and I lost money. And she was talking about |
| 1:15.2 | more so investing in herself, investing in her business rather than like an investment in the |
| 1:22.1 | stock market just for like context. So she, you know, made an investment by, you know, creating an expense in her business, |
| 1:34.1 | invested in something. And in her opinion, she's like, it didn't pay off. It wasn't worth |
| 1:40.3 | the money that I invested. And I, you know, I'm super down because I lost that money. |
| 1:48.0 | I lost that money. |
| 1:49.3 | I spent money and I didn't get the return on investment and so therefore I lost the money. |
| 1:56.9 | So that's what I want to talk about today. |
| 1:58.3 | And maybe you can think of a situation where you've |
| 2:00.9 | ever lost money before. Maybe it was on a house that you invested and you were going to flip and |
| 2:10.1 | then, you know, stuff came up and you weren't able to and then you decided to sell the house |
| 2:15.8 | and lost the house. Maybe it's on a car that you wanted to |
| 2:19.6 | get your dream car. And so then you got your dream car, but you couldn't afford the payments. And so then |
| 2:26.4 | you had to give it back and downsize, but then you actually ended up losing money. Maybe it was on, |
| 2:33.4 | I don't know, maybe it was on a class on how to bake, |
| 2:40.7 | but then you were sick the night of the class and you couldn't go. |
... |
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