28 min
Bill Winterberg – Losses Mean No Chance for Money to Compound My Worst Investment Ever Podcast
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- Investing
Bill Winterberg is the founder of FPPad, a technology publication and business consulting firm to financial services organizations. Bill produced the FPPad Fintech Flash Briefing and was the host of FPPad Bits and Bytes, video broadcast and email newsletter covering technology news and information for financial professionals. He provided technology commentaries for the Journal of Financial Planning and was the monthly technology columnist for Morningstar Advisor. InvestmentNews recognized Bill as a 40 Under 40 Honoree for his influence in the industry, and he was named to the 2013 IA 25 list of the most influential people in the profession. Before entering financial services, Bill was a software engineer for Hewlett Packard and LeapFrog Toys. On a personal note, he lives in Atlanta, GA with his wife and nine-year-old son.
Listen to Bill as he shares his worst investment ever story purchasing a manufactured home that he and his wife bought out of a loan, the events that made them decide to sell the property, the tedious selling process they've experienced, and the ballooning interest loans that they had to settle while trying to let go of the property. Don’t miss out this truly relevant story of decision making and learn from the consequences that Bill made.
“It doesn't even necessarily need to be whether or not this investment has gone bad or is still good, but some or many times, circumstances happen in your life that you cannot predict.”
– Bill Winterberg
What do you want to hear from the My Worst Investment Ever Podcast?
Tell us here!
Resources:
My Worst Investment Ever Book myworstinvestmentever.com Your Money or Your Life
Topics Covered:
01:23 – Bill’s personal and professional experience
05:14 – Bill shares how he purchased a home in San Francisco and how it ended up as a bad investment after a life-changing situation
18:21 – Lessons learned by our guest
20:36 – Andrew shares his three takeaways from this story: knowledge in your investment, criticality in timing, and the concept of inches and seconds
23:24 – Highlighting the compounding effect of money
26:21 – Andrew wraps up the show with remarkable teachings from the book “Your Money or Your Life”
27:41 – Encouraging last words from Bill: “Take what you learned from our discussion today and apply it not just to an anecdotal story like what you just heard, but apply it to your opportunities today and your opportunities in the future.”
Main Takeaways:
Lesson 1: “Try your best not to underestimate the value of flexibility, and liquidity is important in there too.”– span...
Bill Winterberg is the founder of FPPad, a technology publication and business consulting firm to financial services organizations. Bill produced the FPPad Fintech Flash Briefing and was the host of FPPad Bits and Bytes, video broadcast and email newsletter covering technology news and information for financial professionals. He provided technology commentaries for the Journal of Financial Planning and was the monthly technology columnist for Morningstar Advisor. InvestmentNews recognized Bill as a 40 Under 40 Honoree for his influence in the industry, and he was named to the 2013 IA 25 list of the most influential people in the profession. Before entering financial services, Bill was a software engineer for Hewlett Packard and LeapFrog Toys. On a personal note, he lives in Atlanta, GA with his wife and nine-year-old son.
Listen to Bill as he shares his worst investment ever story purchasing a manufactured home that he and his wife bought out of a loan, the events that made them decide to sell the property, the tedious selling process they've experienced, and the ballooning interest loans that they had to settle while trying to let go of the property. Don’t miss out this truly relevant story of decision making and learn from the consequences that Bill made.
“It doesn't even necessarily need to be whether or not this investment has gone bad or is still good, but some or many times, circumstances happen in your life that you cannot predict.”
– Bill Winterberg
What do you want to hear from the My Worst Investment Ever Podcast?
Tell us here!
Resources:
My Worst Investment Ever Book myworstinvestmentever.com Your Money or Your Life
Topics Covered:
01:23 – Bill’s personal and professional experience
05:14 – Bill shares how he purchased a home in San Francisco and how it ended up as a bad investment after a life-changing situation
18:21 – Lessons learned by our guest
20:36 – Andrew shares his three takeaways from this story: knowledge in your investment, criticality in timing, and the concept of inches and seconds
23:24 – Highlighting the compounding effect of money
26:21 – Andrew wraps up the show with remarkable teachings from the book “Your Money or Your Life”
27:41 – Encouraging last words from Bill: “Take what you learned from our discussion today and apply it not just to an anecdotal story like what you just heard, but apply it to your opportunities today and your opportunities in the future.”
Main Takeaways:
Lesson 1: “Try your best not to underestimate the value of flexibility, and liquidity is important in there too.”– span...
28 min