Andrew Stotz - A deep dive into Ethics and the world of multi-family finance

Standout Quotes:

"If you really want to rise up spiritually, emotionally, mentally, physically, whatever it is, you've got to take some pains” - [Andrew]

"The lesson is that we can make it through any situation, as long as we have our foundation" - [Andrew]

"I didn't want to be just an average Joe going to work and coming home. And I just felt like there was so much more to life that I wanted to experience" - [Andrew]

“Being a good analyst basically means that you start with this premise, believe no one, believe nothing” - [Andrew]

“In the world of finance and maybe even in the world of business, rare is valuable” – [Andrew]

“I think when we’re young, we have black and white, we see things in black and white” – [Andrew]

“The most important thing I've learned from all of my guests is the idea that pay attention to your intuition because that can provide a lot” – [Andrew]

Key Takeaways:

Andrew describes himself in one word as "Relentless". I grew up in outside of Cleveland, Ohio in a little town called Hudson, Ohio. I started going off the rails with drugs and alcohol. And basically at the age of 11 was when I started getting high pretty consistently. I stabbed my father in the hand with scissors and spent a couple of weeks in jail. At the age of 16 or 17, I tried to kill myself. I saw a friend of mine going to rehab so I also went for rehab. I landed in Thailand with $2,000 in my pocket and no language skills, don't really know anybody. I closed all my bank accounts. I sold my car. I had no assets in the US. I taught finance at university and then after one year of teaching that I realized that, I'm never going to make any money being a teacher in Thailand. When we young, we have black and white, we see things in black and white. Think of creating wealth, and growing wealth as two separate things. You create wealth through your business. And you grow wealth through the stock market or through your investments.

Episode Timeline:

[02:51] And today, my guest is Andrew Stotz.

[06:12] Andrew describes himself as Relentless.

[07:10] Andrew shares his backstory.

[09:10] My parents gave me a one way bus ticket to Louisiana for the treatment center.

[10:49] Since September 15th 1982 till today, I have maintained my sobriety.         

[13:50] Why did you leave Pepsi?

[18:00] So you got to Thailand, what'd you do when you got there?

[25:30] So when you're faced with a high stakes decision, how do you make that?

[29:28] Andrew talks about intuition.

[30:35] Talk a little bit about your books, your courses what you have going on?

[32:19] How to contact Andrew

Website: www.myworstinvestmentever.com (Send a message in about page and that will be sent directly to Andrew)

Podcast: “My worst Investment Ever”