John Warrillow has built and sold many businesses, and has created a business value builder system used by thousands of businesses worldwide. With many, many years of experience under his belt, John knows a thing or two on how to bring value to a business. Today, he brings that wealth of knowledge with him to help make better financial sense for your family. Tune in for an insightful discussion featuring case studies, interesting stories, and maybe a new way of looking at your family’s financial picture.
Hot take incoming: every time you make a bad financial decision and lose big (let’s say shorting GameStop to the tune of $200,000), maybe you should blame someone else and sue them to recoup your losses! Sound crazy to you? Tell that to Christian Iovin, the man suing leading Reddit investor “DeepF$%kingValue” over his part in the short squeeze. During our headlines, Joe and OG give a thorough deconstruction detailing how the “get-rich-quick” mindset can lead a person down some strange paths – including thinking that a social media figure is responsible for your investing choices. While we aren’t without sympathy, we break down how Iovin willingly made his choice on what he thought was a great deal at the time, and offer up some sound advice to not get yourself caught between a rock and hard place – short squeeze or otherwise).
We’ll keep today’s theme going with our second set of headlines, Bill Gates is now officially “meh” on Bitcoin (it’s an improvement!), and financial advisors are ready to back the truck up to Crypto.
Now hold on a second if you think you know where this is going. We’re not here to preach #teamcrypto or denounce the movement either way. What we are saying, like in our interview with John Warrillow, is that you need systems. We’ve said the same thing about Tesla and Apple, and the rules don’t change for Bitcoin. The biggest danger to your portfolio isn’t a Redditor or Capitol Hill, it’s you. The best thing you can do for your bottom line is taking yourself OUT of the equation.
Enough of that, moving on. Finishing out today’s show is a Haven Life line question from Zac. He asks… (checking notes…)… is putting $20 a week into a somewhat random stock that has shown positive growth a good idea? Truth be told, we could have went a lot of different ways with this one. I’m proud to say the guys put some thought into this one, and not only give Zac an answer, but dive into some explanations on different stock analysis theories.
Of course, Doug always gets some airtime for his trivia. Enjoy!
We couldn’t bring you three shows a week without our sponsors!
Don’t miss out on our LIVE Stacking Benjamins show on March 3rd! Sign up for The Stack and we’ll send you a reminder (plus a couple of hints about our secret guests!) right to your inbox. Missed our last show? Catch up here!
Navy Federal Credit Union
If you’re an active duty service member, veteran, D-O-D civilian, or military family member, you can join Navy Federal. That means if you’ve served in any branch of the military–you can join Navy Federal Credit Union. You could pay no fees, get low rates and rate discounts, plus earn cash back and grow your savings. Visit NavyFederal.org for more information.
With M1, you can invest how you want -with access to fractional shares and unmatched automation – for free. With M1 Finance investing is smarter, automated, and easier than ever before. Sign up and get $30 to invest at M1Finance.com/sb
Talking Real Money
Co-hosts Don McDonald and Tom Cock deliver straight forward, honest, advice on building the wealth you need for a more secure future. You can listen in wherever you listen to podcasts, or at TalkingRealMoney.com.
Have you had a six-figure investment go sideways? Try suing someone!
Think it’s time to load up on Bitcoin? Have a plan.
- Bill Gates Says He’s ‘Neutral’ on Bitcoin (Yahoo)
- Advisers agree: It’s time to stop ignoring Bitcoin (InvestmentNews)
You can find everything from John that we talked about today at his site, BuiltToSale.com.
- Apple became the first company to pass a trillion dollar market cap in August 2018. Which company has the highest market cap today?
- Zac asks: is investing $20 a week in a random stock that has shown upwards growth a good idea?
Written by: Richie Rutter-Reese
Did you love today’s show? Share it below!
Leave a Reply