Taking a Financial Loss Part 2 aka Where's My Card? – PB118

Feb 26, 2019

Today is part two of Episode 116, “Taking An L”. Rich was recently on vacation in an unnamed city, if you follow him on social media you’ll know where he went. In any case, after a fun filled bike ride in a park, Rich realized he had lost his wallet. After hours of searching for it, it got dark and he called off the search. Going to plan B he took a couple of Lyft rides around town to try and find a western union where he was set to receive a money gram of cash that a friend of his generously offered to send him, when rich called him and told him about the lost wallet. After unsuccessfully hitting up several continence stores and liquor stores in sketchy neighborhoods, that were filled with some questionable characters, Rich couldn’t find a functioning Western Union in the whole city. In this episode you’ll get the lessons Rich learned and why sometimes you have to accept the L, learn from it and move on with your life.

Highlights:

• Renting a tandem bike
• The search for the missing wallet
• Clapping and yelling to scare off animals in the park
• National banks aren’t in every major US city
• Trying to use Money Grams and the lack of Western Union’s
• Memorizing Credit Card CVV numbers
• Liquor stores, bullet proof glass and Chinese restaurants in the hood
• Familiar hoods vs. new hoods
• Always think about your exit strategy
• Accessing money from your ATM without your debit card
• The Tile App
• Some reoccurring subscriptions find a way to bill you even if you lose your credit card
• Learning about yourself and your business from consultant work

Key Takeaway: Take the L, learn from it and apply those lessons to your future self.

Paychecks & Balances

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