We teamed up with netWorth to break down these taboos and stigmas by sharing 3 stories of personal finance failures.
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Failure is taboo. Nobody talks about their failures. Money is also taboo.
Failure is a stigma. So is money. If you don't have it, you're bad and you'll be judged. If you have, you're bad and you'll be judged.
We teamed up with netWorth to break down these taboos and stigmas by sharing stories of personal finance failures.
People make mistakes with their money that keep them living with a sense of scarcity. The simplest way to avoid these mistakes is to share information on best practices and tools for staying out of debt, saving, and investing.
This event provided attendees with practical tools on how and where to invest, and also highlighted the value of failure as a key opportunity for personal and financial growth.
Here you can watch the complete event.
The event began with Pepe Villatoro, co-founder of Fuckup Nights, who shared his personal experience of losing all his money. Pepe told how his dream of achieving financial independence and traveling the world fell apart when his father's company was involved in a financial fraud. By investing all his money in that family business, Pepe lost not only his savings, but also everything he had built.
This experience taught him a basic first-hand lesson: don't put all your eggs in one basket and learn how and where to invest from different mentors and sources.
Our events have a big impact because we are all afraid of failure. We live in a culture that makes us feel that we are only worthwhile if we are successful, rich, good looking, etc. That's why we decided to do a Fuckup Nights to talk about money and personal finance. We want to learn from those who achieve financial freedom for us to stop working two or three jobs just to survive and finally be able to take a break.
Brenda Gomez, Director of netWorth Capital, shared how a credit card debt started her financial transformation process.
"I realized that in my family we had lived in financial chaos forever, and until I changed, I was able to be the agent of change for my family."
Fernando Ruiz de Luna, CEO of Querido Dinero, grew up in a family that invested in shares of a cement company. He fell in love with those stocks and decided to do intensive trading. However, the 2008 financial crisis and the company's dollar-denominated debt collapsed the value of his investments.
"Don't fall in love with stocks. Fall in love with people, fall in love with your dog, but never fall in love with your investments."
Fernando shared with us fundamental lessons: stocks carry long-term risks, it is crucial to follow your intuition, act quickly when necessary, diversify your investments to mitigate risks and adjust your strategy as your financial situation evolves.
Ricardo Chavero, CEO of netWorth Capital, told how at the age of 19 he accumulated debt equivalent to $50,000 at the time, or double today's value, and had to face the closure of his restaurant.
"That failure for me, without a doubt, marked me. I learned that if I wanted to succeed, I was going to have to make a lot of mistakes.
This was the impetus to create a company dedicated to guiding new investors, helping them avoid the financial stress he himself experienced. This experience was the driving force behind the creation of netWorth, a firm that today accompanies thousands of people on their path to financial independence.
The experiences shared by our speakers showed us that financial mistakes are not definitive failures, but necessary steps on the road to more conscious and effective money management.
These stories teach us that failure is not only inevitable, but also a powerful tool for learning how to invest smarter and build a healthier relationship with our finances.
By sharing these stories, we create spaces of vulnerability that foster genuine connection, demystify success and promote collective learning based on transparency and shared experience.
Director of Capital Management at netWorth Capital, with over 8 years of experience leading investment strategies and wealth management. A personal finance expert and co-host of the podcast "Money Doesn't Come With Instructions", she is dedicated to guiding her clients towards their financial goals through comprehensive planning.
CEO of Querido Dinero, one of the 5 largest personal finance platforms in the country. With experience in real estate, finance, and advertising, he has led investment funds and various ventures for over 16 years. He is co-author of the book "Querido Dinero te odio y te quiero" and is passionate about improving people's relationship with money.
Founder and CEO of netWorth Capital. An entrepreneur from a young age, Ricardo revolutionized digital financial planning. He has been instrumental in the growth of the company, which today has 55 advisors, more than 9,000 clients and manages more than $160 million in assets. His mission is to empower people to achieve financial independence and avoid the mistakes he faced.
Edited by
Karla Ferreira
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Let's transform our perception of failure and use it as a catalyst for growth.
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