Mark Evans DM says he loses money on deals regularly and currently has over $2 million in expected losses. He frames these losses as investments in experience that teach lessons preventing future mistakes.
October 12, 2022
Over $2 million
Over the last two and a half years
Have I ever lost money on a deal? All the time. If anybody you're listening to or following says they've never lost money on the deal, they're either lying or they're not doing deals. The truth is if you're not doing enough deals, there's always going to be breaks in situations. But I don't look them as losses. I look at them as lessons. Yes, you might lose some dollars, but that's an investment if you learn from it. I invest it, I learn from it. I'm not waking up, by the way, saying, man, can't wait to lose money. Truth is right now I got a guy I'm getting ready to lose over $2 million with. But the lessons I've learned in this over the last two and a half years, it will never happen again. It makes me stronger, better, and I'll be more profitable in the future because of that one lesson.
