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The Money School Podcast shares the secrets of the wealthy, so you learn how money really works and take back control of your life!

You'll hear the inside story of wealthy entrepreneurs and investors... breaking down how they got started, how they think about money, how they put money to work for them, and how you can change your life simply by doing ONE thing differently with the money you already have.

Through the podcast, you'll become your own bank - mastering how money really works - so you can use it to gain the upper hand and take command of your finances. After all, building wealth isn't about resources, it's about being resourceful. 

Hosted by Chris Naugle, former pro snowboarder turned real estate investor, serial entrepreneur, and money mentor, this podcast has one mission - to show you how money really works so you can reclaim control of your life!

Nov 27, 2019

When we go through personal financial difficulty, picking ourselves up and rebuilding can feel near-impossible, but our guest this week did just that. How did he lose it all, and what did it take to rebuild? What are the key lessons he learned from his failure? How can we avoid the common mistakes many investors make when they start seeing solid monetary returns?

On this episode, Real Estate Investor, Speaker, Mentor and Expert, John Ferguson shares his experience going from success and speaking gigs to selling jeans; all before climbing his way back to the top. 

Just because you can make and spend a lot of money, doesn’t mean that you should until your revenue is there. - John Ferguson


Three Things We Learned

Change the view we have about money 

The conventional knowledge we are given by society about how to spend money isn’t always applicable to our personal circumstances. We should be getting mentorship to change those beliefs for better financial practices. 


Don’t eat into profits too quickly 

When we make money off our flips, instead of spending it, we should be reinvesting it back into our businesses. Once that money generates revenue, that’s when we have more flexibility to spend. 


Never ever neglect tracking your numbers and studying the books 

The biggest mistake many people make, especially when the money starts flowing in is that they start ignoring their books. Always look at your books and reconcile appropriately. Hire a good CPA in the beginning so that your books can already be set up, and you won’t have to fix errors further down the road.


Guest Bio- 

John Ferguson is a Real Estate Investor, Speaker, Mentor and Expert with Real Deal Real Estate Investors and a founders advisory board member with Renatus Real Estate. He provides massive value nationwide to new and seasoned Real Estate Professionals.

For more information visit, or find him on Facebook.