Ryan Daniel Moran invested $250,000 into a Lakewood, Ohio restaurant called Liquid Planet at 24 and lost it all. He never looked at the finances. That same money in index funds would be worth roughly $750,000 today.
$250,000
24 years old
Liquid Planet
Lakewood, Ohio
About $750,000
I invested $250,000 into a restaurant that went kerplunk. I was 24 years old, and I was making six figures a year doing affiliate marketing on the Internet, And I needed a place to put that money. And I had a restaurant in my local area of Lakewood, Ohio, called Liquid Planet that I absolutely loved. And I said, hey, we should open up another one. I never looked at the finances. I never looked at the balance sheet. We came up with an agreement, and I put up $250,000, and I never got any of that money back. It became a tax write off for many years because it lost so much money until it closed earlier this year. I would have made so much more money if I had just put that $250,000 into index funds or bonds. For goodness sake. That $250,000 would be worth, like, $750,000 now if I had just done the boring stuff. Most of the times, we as entrepreneurs think that we're smarter than the market, so we bet on things that we think have a shot of going to the moon rather than doing the boring stuff that actually has a proven historical track record.
