Frank Paiano's guest appearances

Frank Paiano

My Worst Investment Ever Podcast

Meb Faber

Neil Patel

Karen Briscoe

David Allen

Johnny FD

Kara Goldin

Adam Carroll

Daniel Ramsey

Clayton Morris

Scott Smith

Jeff Bezos

Andy Hill

Joe Saul-Sehy

Dennis Mortensen

John Lee Dumas

OwlTail

Frank Paiano is a retired professor from Southwestern Community College, where he was teaching his favorite course Introduction to Investments. He started as a computer programming teacher and mathematician but then moved his way into investments in finance after working at a brokerage firm as a programmer for a while. He’d been a broker now for over 20 years. Aside from that, he is also an insurance agent. He plans on getting right back to teaching and helping young people to improve their financial lives.   “You need to make a choice, and you need to invest. The world doesn't end if you choose carefully and wisely. You are going to do well.” Frank Paiano   Worst investment ever Losing a tremendous opportunity for not doing anything Frank’s worst investment was an investment he never made. At that time, Frank was putting as much as he could into stocks through 403b, which is like a 401k, an employer-sponsored retirement plan. One day, a duplex became available for a fairly reasonable price, just down the street from Frank. He thought it was a pretty great deal. And now, he was torn between focusing on investing through his 403b, which would suffer if he invested in the property. In the end, he did not buy the property at $250,000. Eight years later, at the peak of the market in 2007, that same property sold for $765,000. Lessons learned Make a choice, but do your research first If you are not sure about what investment to choose, do your research, find someone you trust, get a good referral, or take a course and learn how to value individual securities, how to research mutual funds, how to look for real estate, and make your choice. Do not give up You’ll probably mess up the first time but learn from it and do it again successfully the second time. Andrew’s takeaways The concept of alternative outcomes There are many possible alternative outcomes to an investment story. Always remember them when you look back from that investment you did not do. Do not fixate on one thing There are so many things happening around us. Just accept the fact that you’re missing something every single day. Actionable advice You need to get in the game. Do your research or find a competent advisor that you can trust. No. 1 goal for the next 12 months Frank is hoping to join a subscription service where he can travel to Mexico at very low fare so that he can have a vacation there every month. Parting words   “Best of luck and success to all the listeners!” Frank Paiano   Andrew’s books  How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points  Andrew’s online programs  Valuation Master Class Women Building Wealth The Build Your Wealth Membership Group Become a Great Presenter and Increase Your Influence Transform Your Business with Dr. Deming’s 14 Points  Connect with Frank Paiano  LinkedIn Twitter Website  Connect with Andrew Stotz  astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast 

<p><a href="https://www.linkedin.com/in/frank-paiano/" rel="noopener nofollow" target="_blank"><strong>Frank Paiano</strong></a> is a retired professor from Southwestern Community College, where he was teaching his favorite course <em>Introduction to Investments</em>. He started as a computer programming teacher and mathematician but then moved his way into investments in finance after working at a brokerage firm as a programmer for a while.</p> <p>He’d been a broker now for over 20 years. Aside from that, he is also an insurance agent. He plans on getting right back to teaching and helping young people to improve their financial lives.</p> <p> </p> <p><strong>“You need to make a choice, and you need to invest. The world doesn't end if you choose carefully and wisely. You are going to do well.”</strong></p> <p>Frank Paiano</p> <p> </p> <h2><strong>Worst investment ever</strong></h2> <h3><strong>Losing a tremendous opportunity for not doing anything</strong></h3> <p>Frank’s worst investment was an investment he never made. At that time, Frank was putting as much as he could into stocks through 403b, which is like a 401k, an employer-sponsored retirement plan.</p> <p>One day, a duplex became available for a fairly reasonable price, just down the street from Frank. He thought it was a pretty great deal. And now, he was torn between focusing on investing through his 403b, which would suffer if he invested in the property.</p> <p>In the end, he did not buy the property at $250,000. Eight years later, at the peak of the market in 2007, that same property sold for $765,000.</p> <h2><strong>Lessons learned</strong></h2> <h3><strong>Make a choice, but do your research first</strong></h3> <p>If you are not sure about what investment to choose, do your research, find someone you trust, get a good referral, or take a course and learn how to value individual securities, how to research mutual funds, how to look for real estate, and make your choice.</p> <h3><strong>Do not give up</strong></h3> <p>You’ll probably mess up the first time but learn from it and do it again successfully the second time.</p> <h2><strong>Andrew’s takeaways</strong></h2> <h3><strong>The concept of alternative outcomes</strong></h3> <p>There are many possible alternative outcomes to an investment story. Always remember them when you look back from that investment you did not do.</p> <h3><strong>Do not fixate on one thing</strong></h3> <p>There are so many things happening around us. Just accept the fact that you’re missing something every single day.</p> <h2><strong>Actionable advice</strong></h2> <p>You need to get in the game. Do your research or find a competent advisor that you can trust.</p> <h2><strong>No. 1 goal for the next 12 months</strong></h2> <p>Frank is hoping to join a subscription service where he can travel to Mexico at very low fare so that he can have a vacation there every month.</p> <h2><strong>Parting words</strong></h2> <p> </p> <p><strong>“Best of luck and success to all the listeners!”</strong></p> <p>Frank Paiano</p> <p> </p> <h3><strong>Andrew’s books</strong></h3> <ul> <li><a href="https://www.amazon.com/Start-Building-Wealth-Investing-Market-ebook/dp/B00Y25765G/ref=sr_1_3?s=books&amp;ie=UTF8&amp;qid=1542680567&amp;sr=1-3&amp;refinements=p_27%3AAndrew+Stotz" rel="noopener nofollow" target="_blank"><em>How to Start Building Your Wealth Investing in the Stock Market</em></a></li> <li><a href="https://www.amazon.com/Worst-Investment-Ever-Andrew-Stotz-ebook/dp/B07C81PYP9/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1542680567&amp;sr=1-1&amp;refinements=p_27%3AAndrew+Stotz" rel="noopener nofollow" target="_blank"><em>My Worst Investment Ever</em></a></li> <li><a href="https://www.amazon.com/Valuation-Mistakes-How-Avoid-Them-ebook/dp/B07J6FLXCY" rel="noopener nofollow" target="_blank"><em>9 Valuation Mistakes and How to Avoid Them</em></a></li> <li><a href="https://www.amazon.com/Transform-Your-Business-Dr-Demings-Points-ebook/dp/B00U5SRHJ4/ref=sr_1_3?keywords=Andrew+Stotz&amp;qid=1556625513&amp;s=digital-text&amp;sr=1-3-catcorr" rel="noopener nofollow" target="_blank"><em>Transform Your Business with Dr. Deming’s 14 Points</em></a></li> </ul> <h3><strong>Andrew’s online programs</strong></h3> <ul> <li><a href="https://valuationmasterclass.com/" rel="noopener nofollow" target="_blank"><em>Valuation Master Class</em></a></li> <li><a href="https://academy.astotz.com/courses/women-building-wealth" rel="noopener nofollow" target="_blank"><em>Women Building Wealth</em></a></li> <li><a href="https://academy.astotz.com/courses/build-your-wealth" rel="noopener nofollow" target="_blank"><em>The Build Your Wealth Membership Group</em></a></li> <li><a href="https://academy.astotz.com/courses/gp" rel="noopener nofollow" target="_blank"><em>Become a Great Presenter and Increase Your Influence</em></a></li> <li><a href="https://academy.astotz.com/courses/transformyourbusiness" rel="noopener nofollow" target="_blank"><em>Transform Your Business with Dr. Deming’s 14 Points</em></a></li> </ul> <h3><strong>Connect with Frank Paiano</strong></h3> <ul> <li><a href="https://www.linkedin.com/in/frank-paiano/" rel="noopener nofollow" target="_blank">LinkedIn</a></li> <li><a href="https://twitter.com/wonderprofessor?lang=en" rel="noopener nofollow" target="_blank">Twitter</a></li> <li><a href="http://wonderprofessor.com/" rel="noopener nofollow" target="_blank">Website</a></li> </ul> <h3><strong>Connect with Andrew Stotz</strong></h3> <ul> <li><a href="https://www.astotz.com/" rel="noopener nofollow" target="_blank">astotz.com</a></li> <li><a href="https://www.linkedin.com/in/andrewstotz/" rel="noopener nofollow" target="_blank">LinkedIn</a></li> <li><a href="https://www.facebook.com/andrewstotzpage" rel="noopener nofollow" target="_blank">Facebook</a></li> <li><a href="https://www.instagram.com/andstotz/" rel="noopener nofollow" target="_blank">Instagram</a></li> <li><a href="https://twitter.com/Andrew_Stotz" rel="noopener nofollow" target="_blank">Twitter</a></li> <li><a href="https://www.youtube.com/c/andrewstotzpage" rel="noopener nofollow" target="_blank">YouTube</a></li> <li><a href="https://podcasts.apple.com/us/podcast/my-worst-investment-ever-podcast/id1416554991?mt=2" rel="noopener nofollow" target="_blank">My Worst Investment Ever Podcast</a></li> </ul>

Frank Paiano – Whether You Like it or Not, You Need to Invest