Faith Finance and Football

$4 Billion in Sales to $500M in Debt - What NOT To Do

8 min · 5. okt. 2019
Billede af episoden $4 Billion in Sales to $500M in Debt - What NOT To Do

Beskrivelse

In this episode I discuss the latest giant retailer to file for bankruptcy; Forever 21. How does a company go from over $4 billion in sales in 2015 to $500 million in debt just four years later? Lack of innovation in technology has held this company from evolving with the current marketplace. Competitors are focused on e-commerce and developing brand deals with celebrities and influencers while Forever 21 continued to try to buy up more real estate and lease more retail space for more physical locations. Their overhead (costs) grew faster than their sales and profitability; leading them into bankruptcy.

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Billede af episoden How To Use Depression To Your Advantage

How To Use Depression To Your Advantage

In this episode I share my story of being extremely depressed in my early college years. After quitting football, I didn’t know what came next in my life, if anything. I was put on depression medicine that helped some, but I would still have those days that I thought to myself “why am I here” or “is this life really worth it?” After reading The Little Book of Behavioral Investing I learned that the clinically depressed see the world in reality and realize they are not where they want to be in life. They visualize a better future for themselves and their families. When you convert to long-term thinking and realize that your state of depression is temporary then you can take action steps to manifest the new reality you want for your family. If you learned anything or liked this episode be sure to leave a review, share with a friend and subscribe for more episodes.

5. okt. 201913 min