Lessons from Tech Industry Failures: How to Avoid Implosions in Your Own Personal Finances

Beyond Finances

Massive layoffs at Facebook and Amazon. Stumbles at Google and Lyft. A shaky year in the stock market for the tech giants - all capped off by a tremendously spectacular blowup at crypto platform FTX.

The idea that "current success is the biggest indicator of an upcoming failure" seems especially resonate these days amid headline after headline about highly-regarded companies that missed the mark on sustainable growth. So what can these tech industry giants teach us about our personal finances? Join us in this episode as we walk through the takeaways we can apply to our own lives and personal financial situations.

We explain the importance of setting reasonable expectations for yourself and your money, the dangers of believing in silver-bullet solutions, how to layer in stabilizing features into your financial plan when you construct it, why you need to properly assess risks (and how those risks aren't limited to what you personally choose to be involved in, but how you can be impacted by factors you didn't see coming), how to properly make a speculative bet in any financial market to protect yourself from too much downside, and much more.