My Worst Investment Ever Podcast
Business:Investing
BIO: Dr. Robert Glover, coach, speaker, and educator, is a relationship expert with over 40 years of professional experience.
STORY: Robert went shopping for a pop-up trailer, and when he found one, he bought it before inspecting it thoroughly. His gut told him this was a terrible idea, but he ignored it. The trailer turned out to be useless to him. He sold it off for half what he’d paid for it.
LEARNING: Listen to your intuition. Suffering is also the path to joy. Don’t get too attached to anything.
“Have a wisdom council that you go to when you have to make important decisions.”Robert Glover
Guest profile
Dr. Robert Glover, coach, speaker, and educator, is a relationship expert with over 40 years of professional experience. The author of the groundbreaking, No More Mr. Nice Guy, Dr. Glover has helped thousands of men and women worldwide get what they want in love, sex, and life.
Worst investment everIn the early 90s, Robert was a poor entrepreneur trying to build his counseling practice. Money was tight at the moment. His family vacations were camping. Robert really wanted something that would accommodate the family, but he didn’t have much money.
Robert decided to buy a camping pop-up trailer. He knew he couldn’t afford a new one, so he started looking on Craigslist and found one. Robert had saved up about $1,000. He took his wife, and they went to look at this particular trailer. It was an old Coleman hardshell pop-up that seemed like just what he was looking for. It was old but not terrible. Robert thought he could fix it and give his family something to camp in. So he talked with the owner, reached a deal, and signed off on it. When it was time to crank the trailer up, it refused. Robert felt uneasy but had already agreed, signed the sales paper, and handed over the money. He was already visualizing how he could pimp up the trailer and go on camping trips. But something just felt wrong. Unfortunately, he overrode that feeling.
Robert managed to get the trailer home, but it was a challenge to get the pop-up raised. He then started working on the trailer, got it fixed up, and finally, on the United States Memorial Day, Robert’s family joined some friends who had a pop-up camper trailer. They went out camping at the ocean shores in Washington State. It rained all weekend long. When Robert tried to get the pop-up down, it refused. The best he could do was to get the lid down. The cogs for the wheels that make it go up and down were faulty.
When the family returned home, Robert put the trailer in the garage. He tried to replace the faulty parts for weeks, but none of the dealerships sold them. So the trailer sat in his garage for a long time as a painful reminder that he’d ignored his gut. He advertised it, and luckily, somebody came in and bought it for about half what he’d paid for it.
Lessons learnedStart building a wisdom council when you’re 16. Find somebody who can ask you the right questions and let you make your own mistake. Your council shouldn’t consist of your friends, who are just as stuck and clueless.
Robert’s recommended resourcesRobert recommends reading books by Thích Nhất Hạnh, a Vietnamese monk nominated for Nobel Peace Award by Martin Luther King, Jr.
No.1 goal for the next 12 monthsRobert’s number one goal for the next 12 months is to build a membership community and make it available to everyone on the planet, regardless of age or income, where they can find a tribe, community, and resources. He also plans to finish three more books that he’s working on.
Parting words“Thank you. This has been fun.”Robert Glover
[spp-transcript]
Connect with Robert Glover
Investing Principles 01: Larry Swedroe – The Determinants of the Risk and Return of Stocks and Bonds
Mark Kohler - Take Ownership of What You’re Doing Wrong
Jusper Machogu - Africa Needs More Fossil Fuels Not Aid
August Biniaz - Be a Specialist Not a Jack of All Trades
William Browder - Don’t Go to Russia
ISMS 41: Larry Swedroe – Focus on Managing Risk Not Returns
Chris Ball - If They’re Not 100% Right, Don’t Hire Them
Vivek Raina - Nobody Can Beat You at What You’re Good At
William Cohan - Power Failure: The Rise and Fall of An American Icon
Tony Fish - Be Brave to Ask the Unsaid Questions
ISMS 40: Larry Swedroe – Market vs. Hedge Fund Managers’ Efficiency
Chris Kendall - Don’t Underestimate the Funding Needed to Go Big Time
Riggs Eckelberry - Don’t Go into Any Industry Unprepared
ISMS 39: Larry Swedroe – Don’t Choose a Fund by Its Descriptive Name
Lark Davis - Take Your Profits and Run Away
Sam Primm - Be Intentional About What You Invest In
Marc Faber - The Value of True Diversification
Coach JV - Diversify Inside and Outside the Asset Class
ISMS 38: Larry Swedroe – The Self-healing Mechanism of Risk Assets
Solomon Thimothy - Give Yourself Permission to Fail
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast