Everyone has made mistakes during their life. Lord knows, we’ve made our share. While we thankfully forget about a lot of the smaller mistakes we make, the larger mistakes tend to stay with us as lessons we can use to help us in the future. Learning from your own mistakes is great, but being able to learn from another person’s mistakes and saving yourself some heartache is even better. Today we’re giving you a free “head directly to Go and collect $200” card by sharing with you some of the WORST investing decisions of all time, as shared by one publication.
Halfway through the show, our roundtable discussion will take a break for our Fintech segment. With colleges opening up their doors for the fall semester soon, we’ll focus on one company that’s striving to improve student grades AND earn them some extra cash while doing it. Joe will sit down with Jerry Zheng from One Class, and get some detailed bullet points on just how the note-taking company works.
Plus, we’ll answer a voicemail from K during our Magnify Money segment. K wants to get into real estate and is looking for ways to save for a down payment. While lowering her contributions to her retirement accounts make the most sense to her the idea still makes her cringe. What if she never finds a buying opportunity and misses out on money she could have been earning? Thoughts?
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Show Notes:
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<6:50> Headlines
- The 10 most terrible investment decisions of all time (MSN)
Our Contributers
Benjamin Brandt
You can learn more from Ben (and check out his podcast!) at his site: RetirementStartsToday.com
Follow Ben on Twitter at: @RetireMeASAP
Paula Pant
Check Out Paula’s site and amazing podcast: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
OG
For more on OG and his firm’s page, click here.
<27:11> OneClass
Interested in learning more about OneClass? Check out their site for more info: OneClass.com
<37:24> Doug’s Trivia
- Archie Karas is famous for the largest and longest documented winning streak in casino gambling history. How much cash did Karas make before losing his 3 year-long winning?
<49:27> Magnify Money Question
- K wants to get into real estate, but she needs a downpayment. Even though she thinks it makes the most sense to lower her 401k or HSA contributions, the idea still makes her cringe. What if she saves a lot of money and a buying opportunity never arises? Any ideas on how to get past this fear?
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