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Rich Doc Poor Doc


Apr 7, 2021

Have you ever wondered why so many people make poor investment decisions?

You might be surprised to learn that one of the main reasons is that that they don't take the time or space to stop and think.

When you encounter a new investment opportunity, most people can easily list all of the upsides. But how often do you stop to think deeply about the downsides? And how often do you then come up with a plan to mitigate any potential downsides?

In this episode, we go through a number of examples from students who have gone through our Zero to Freedom course. Here are a few of the investment decisions our students have asked us about:

  1. You guys have liquidated your 401(k), should I do the same?
  2. We just got the inspection report back on the property and it's a disaster! Should I run away from this deal?
  3. The numbers on this property look great! What am I missing?

 

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