The day you make it back to zero debt is the best day of your life

We heard a lot of people trading on margins, lost a ton of money and never make it back from that ordeal. What if through margin trading, you end up with more than $2 million in debt. How do you turn that shit at a young age into an Angel Investor?

Here is an hour long interview with Chris Sacca, venture investor, public speaker, private equity adviser, and former employee of Google Inc.

What is interesting to readers is how not to lose faith when you are deep in debt and focus on things you are good at.

For folks who hope to create their own business, wants to rejuvenate their careers, techies who wants to know how they all started and basically folks who likes a good video, I urge you guys to watch this.

Here is what is covered:

1. Why he started his first start-up
2. How he ran out of money for his first start-up, for his law school and turn to margin trading on 200% leverage in the dot com era
3. In 1 week, he turn 12 mil in profits to more than 2 mil debts
4. About ego-polishing
5. Why he cannot declare bankrupt
6. How he renegotiated his debt
7. How he dig himself out of the hell hole by getting a top law degree
8. How he tried to get himself out of debts doing every second freelance jobs for little bit of money here and there
9. How he got laid off during September 11
10. How he build a false entity online to network with people to do work
11. Got a job at a Start-up and end up working at Google before IPO
12. Stock options made him worth 1-2 mil
13. In 5 years, he finally got his net worth back to zero.
14. Why it pays to be helpful and love problem solving
15. Providing value before asking for it
16. How to get yourself an interview
17. Working in Google to buy data center without letting Microsoft know
18. How Google built the data centers
19. Getting suspected to be terrorists
20. Decommission Aircraft Carriers as Data Centers
21. About Net Neutrality
22. Making Verizon eat telecom spectrum at high price
23. Why he left Google
24. How to start as an Angel Investor
25. How he owned 10% of Twitter
26. The vast monetary potential of Twitter
27. What is exciting him right now
28. Investing in Instagram
29. What he looks for in a person – people who have been on shitty jobs, study abroad, plays sports,

I run a free Singapore Dividend Stock Tracker . It  contains Singapore’s top dividend stocks both blue chip and high yield stock that are great for high yield investing. Do follow my Dividend Stock Tracker which is updated nightly  here.

• Author
• Recent Posts

Kyith

Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.

Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.

Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.

You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.

His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.

You can read more about Kyith here.

Latest posts by Kyith (see all)

• Have the World or Emerging Market Healthcare Stocks Outperform the World and EM Index? - November 26, 2023
• Retirement Spending Can Vary from 25% to 100%. Not your usual 2% to 3% a Year. - November 23, 2023
• If I Earn 10% Yearly On Average, and Inflation Averages 3% Yearly, I can Safely Spend 7% Yearly Right? - November 18, 2023