Practice makes perfect, right? We get frustrated when we fail but in the moment, we don't always understand that failures can be your best teacher. It's important to be open-minded and have a growth mindset to learn from failures so they aren't repeated. Tune in to hear about the lessons Tom has learned from failing and how he overcame them.

Highlights 01:01 Importance of learning from failures and how it applies to financial life 02:17 Examples from baseball players Babe Ruth and Ty Cobb and how their successes and failures highlight the importance of taking risks and learning from mistakes 04:49 The hierarchy of wealth, investing, and relationships with financial teams 06:15 Personal anecdote of a failed investment and lessons learned 09:14 Importance of understanding the purpose of your investment and how it fits into your overall strategy 11:44 Investigate the investment team and perform background checks on leadership 14:04 Speak to previous investors on their experiences working with the team 17:11 Consider the extended team and vendors associated with the investment group 18:20 Seek opinions from your personal network of advisors to gain objective insights on potential investments 20:03 Tom's personal investment experience in bankruptcy and the importance of due diligence 20:40 Importance of taking time to plan and reduce risk in investments and personal finances

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify