Ep211: Inspiration in Times of Crisis from Shaun Rein, Nick Bradley & Josiah Smelser
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In this challenging time of COVID-19 outbreak and economic shutdown, people need inspiration and hope that they will make it through. This is the time to rely on your family friends and the network you have built. Andrew reached out to his network of podcast guests and asked each to share their best advice on how to survive and thrive during these difficult times.
Shaun Rein from Ep118: You Can’t Win Unless You Know How to Lose
- In times of panic, investors and business people should look at facts and remain calm to find opportunities to grow.
- Stay focused on data, not rumors. Stay patient and calm, and don’t let fear overwhelm you.
- Focus on your workforce because not long into the future, business is going to get good, and you’ll need them.
Nick Bradley from Ep169: Buying a Business Based Purely on Emotions Rarely Works
- We’re in a state of fear and overwhelm, and people want to have some perspective just to get through it, and therefore, we are all allowed to react differently without any judgment.
- It’s ok to take this time to hibernate and try to work out what’s going on. It’s also ok to use this as an opportunity to build and grow.
- It’s ok if you want to slow down so you can speed up when this is all over because this is going to end at some point.
- Try and manage your emotions. Don’t let uncertainty and fear rule you because you won’t be able to see the things that you can be doing to make the most of the situation.
- Now more than ever is the time to be a leader for yourself, your family, your business, the community at large, and the world.
- As a leader, show empathy and capability. Demonstrate that you have the confidence needed to push through this. In times of uncertainty, people need that confidence.
- Be grateful, be brave, have faith, and show up.
Josiah Smelser from Ep83: Push Through When Everything Goes Wrong
- This is a time to be very thankful and cognizant of the blessings that we have. It’s a time to press into our faith.
- Be aware of what matters in life. Don’t be so focused on the things that you can’t take with you, such as money and wealth. The things that matter are our friendships, our faith, and our family.
- For the entrepreneurs, focus on a strategy to get you through, because this is a temporary problem that we will survive and pass through.
- If you’re in the real estate business, focus on the rental property right now. The rental market has a strong demand right now because people don’t want to buy at this moment they want to rent.
Connect with Shaun Rein
Connect with Nick Bradley
Connect with Josiah Smelser
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 Andrew Stotz:
About the show & host, Andrew Stotz
Welcome to My Worst Investment Ever podcast hosted by Your Worst Podcast Host, Andrew Stotz, where you will hear stories of loss to keep you winning. In our community, we know that to win in investing you must take the risk, but to win big, you’ve got to reduce it.
Your Worst Podcast Host, Andrew Stotz, Ph.D., CFA, is also the CEO of A. Stotz Investment Research and A. Stotz Academy, which helps people create, grow, measure, and protect their wealth.