17. The Million Dollar Mistake You Don't Have To Make
https://tinyurl.com/mainstreetpatriot-getstarted Work with Jimmy & the Vreeland Capital Team to build a 20-Unit Portfolio that will get you the equivalent of a retirement account 3X faster with a third of the capital - - - - - - - In this episode of the Main Street Patriot Podcast, - soon to be the Done-For-You Real Estate Podcast - Jimmy delves into the lessons learned from losing a million dollars, exploring the distinctions between gambling, betting, and investing. They discuss the emotional and psychological aspects of financial losses, the importance of understanding risk, and how to approach investing with a long-term perspective. The conversation emphasizes the need for clarity in financial terminology and the significance of learning from past mistakes to improve future decision-making. In this conversation, Jimmy Vreeland explores the distinctions between investing and speculating, emphasizing the importance of understanding risk and the psychological aspects of financial decisions. They explore how media often conflates these terms, leading to confusion among investors. The discussion highlights the necessity of having a clear plan and managing exposure to risks, rather than seeking excitement or validation through financial decisions. The episode concludes with a focus on the importance of planning in investing and the need for a disciplined approach to financial activities.