Episode

755

Our First Turo Car Was a Home Run. The Next 5 Weren't.

What's this episode all about?

What happens when your very first investment works perfectly? In this month's Passive Income Report, Joey shares how the family minivan he put on Turo netted about $500 a month for 20 months with zero problems, so he bought five more cars. Within a year, two were totaled, one blew its engine, one was wrecked and given away, and the last one only broke even thanks to an insurance check. Russ and Joey run the Turo story through their "Golden Filter" of fit, risk, and outcome, and explain why the worst thing that can happen to a guesser is getting it right the first time. There are no good or bad investments, only good or bad investors. Tune in for three questions to ask before you repeat any deal just because it worked once.

Top 3 Things
You’ll Learn

  1. Why one win is a data point, not a strategy
  2. How to tell the difference between guessing and investing
  3. Three questions to ask before you repeat a deal

About

Take Action!

Join our online community! Not only will you be able to interact with our podcast guests via exclusive Q&A sessions, but you’ll also be given free access to our Financial Freedom 101 course that’s designed to clarify and accelerate your path to Financial Freedom. Sign-up today and immerse yourself with others who are breaking free from corporate America and Wall Street.
Join Today!

Episode Specific Resources:

Listen to our Podcast!