In this episode, we're venturing briefly beyond crowdfunding to talk about investing, specifically how you can start your own profitable investment fund. For that, we're going to interview our special guest Bridger Pennington, a serial entrepreneur who became a highly-successful investment fund manager. So, let's talk about how you can replicate his success...
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⭐ During this episode, we detail these takeaways:
1. Discipline yourself in small decisions so that you'll do likewise in big decisions.
2. Live without regrets by taking worthwhile risks even if you fail—and, to the extent that you're on the right path, persistently continue trying until you succeed.
3. A great path to wealth is through owning businesses and/or investing in businesses, as long as you aren't limited by small market sizes and/or tiny profit margins.
4. As long as you charge your fund investors only for your performance as their fund manager, and not for other reasons, you don't need to concern yourself with any burdensome state licensure requirements.
5. Seek out mentors and learn from them, as human capital is more valuable than financial capital.
6. Discover your obvious disadvantages, disclose them boldly as advantages in less-obvious ways, and find partners who compensate for what you truly lack but need.
7. You can enhance your wealth by teaching others how to replicate your success; facilitating their long-term success is more valuable than distributing short-term handouts.
✍️ Click here for this episode's complete show notes!
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