My Worst Investment Ever Podcast

John Talty – It’s OK to Move On to the Next Thing


Listen Later

BIO: John Talty is the senior sports editor and SEC Insider at Alabama Media Group. He is the Wall Street Journal best-selling author of The Leadership Secrets of Nick Saban: How Alabama’s Coach Became the Greatest Ever.

STORY: John left New York to take a new job in Jackson, Mississippi. He didn’t do any research before he went and was miserable the moment he arrived.

LEARNING: It’s OK to move on to the next thing if your decisions go wrong. Sometimes you have to move around a little to find the right spot.

 

“Anytime you make a mistake, or you have a bad investment, learn from it. That’s the most important thing.”John Talty

 

Guest profile

John Talty is the senior sports editor and SEC Insider at Alabama Media Group. He is the Wall Street Journal best-selling author of The Leadership Secrets of Nick Saban: How Alabama’s Coach Became the Greatest Ever. His work has been featured on ESPN, Sports Illustrated, and CBS Sports, among other national outlets.

Worst investment ever

When John was in his 20s, he worked in New York at a business publication and was doing well. An opportunity to take a job elsewhere came up, and he decided to take it without much thought. John broke up with the girl he was dating then, packed up his meager possessions in his little Honda Civic, and drove from New York City to Jackson, Mississippi.

In Jackson, Mississippi, John didn’t know a single soul and hated every bit of living there. Two months into it, his boss called him into his office to find out how he was settling in. John was so miserable and ready to quit his job. He told his boss that if the next month would be as bad as the previous months, he’d leave Jackson.

John’s biggest regret was moving into a new city without researching and thinking about the end game.

Lessons learned
  • When you make a significant investment that doesn’t work out, it’s OK to cut ties and move on rather than trying to be a martyr and prove to everybody that you can make it work.
  • Sometimes, you must move around a little to find the right spot.
  • Tough times don’t last. Tough people do.
  • Keep powering through the tough times.

Andrew’s takeaways
  • It’s OK to move on to the next thing if your decisions go wrong.

Actionable advice

When making a decision, always think about the endgame. Do your research so you have an understanding of what you’re walking into. This will make it a little easier to navigate that challenge.

John’s recommended resources
  • Perennial Seller: The Art of Making and Marketing Work That Lasts
  • The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph

No.1 goal for the next 12 months

John’s number one goal for the next 12 months is to write another book. He also wants to give himself at least one moment every day to appreciate something about his life or what he’s doing.

Parting words

 

“I appreciate you having me on so. I enjoyed our conversation and hope people got something out of this.”John Talty

 

[spp-transcript]

 

Connect with John Talty
  • LinkedIn
  • Twitter
  • Website
  • Book

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
  • The Become a Better Investor Community
  • How to Start Building Your Wealth Investing in the Stock Market
  • Finance Made Ridiculously Simple
  • Best Business Book Club
  • Become a Great Presenter and Increase Your Influence
  • Transform Your Business with Dr. Deming’s 14 Points

Connect with Andrew Stotz:
  • astotz.com
  • LinkedIn
  • Facebook
  • Instagram
  • Twitter
  • YouTube
  • My Worst Investment Ever Podcast

...more
View all episodesView all episodes
Download on the App Store

My Worst Investment Ever PodcastBy Andrew Stotz

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

62 ratings


More shows like My Worst Investment Ever Podcast

View all
WEALTHTRACK by Consuelo Mack

WEALTHTRACK

268 Listeners

Money Tree Investing by Money Tree Investing Podcast

Money Tree Investing

645 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

930 Listeners

Behind the Markets Podcast by Behind the Markets

Behind the Markets Podcast

107 Listeners

The Rational Reminder Podcast by Benjamin Felix, Cameron Passmore, and Dan Bortolotti

The Rational Reminder Podcast

428 Listeners

Bogleheads On Investing Podcast by bogleheads

Bogleheads On Investing Podcast

578 Listeners

The Long View by Morningstar

The Long View

852 Listeners

Sound Investing by Paul Merriman

Sound Investing

328 Listeners

Excess Returns by Excess Returns

Excess Returns

66 Listeners

The Grant Williams Podcast by Grant Williams

The Grant Williams Podcast

1,346 Listeners

Risk Parity Radio by Frank Vasquez

Risk Parity Radio

229 Listeners

The Business Brew by Bill Brewster

The Business Brew

245 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

385 Listeners

The Long Term Investor by Peter Lazaroff

The Long Term Investor

131 Listeners

Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

Thoughtful Money with Adam Taggart

363 Listeners