Speaker Ndubuisi 'Andy' Egwim introduces a segment on "7 steps to take before investing," emphasizing that investing is risky without proper training. He shares multiple anecdotes of people who suffered large losses (examples: ~£60,000, £12,000 in crypto, £1.2 million in crypto, and a Ponzi-style scheme) to illustrate danger and to motivate learning before investing.
Next thing we're going to look at is seven steps to take before you start investing. I usually say to people, there are a lot of people in my mastermind doctors, some consultants, some GPs. I've got a physiotherapist there as well, excellent guy. And many of them, when they came in, they had never invested money, but there are also a few of them that have lost huge money. One of them, who's going to come on my podcast, hopefully this month, lost almost £60,000, lost 12k in crypto, lost in something called mmm that was more like a Ponzi scheme. I knew someone else. I spoke in Mansag Mansa conference in. In Leeds, and someone shared in the room during my session how he lost about 1.2 million pounds in crypto. So basically, investing is risky if you're not trained, if you're not educated, like Sonia. So, Sonia, imagine what it will look like if you got a medical student or even like a brand new F1 to come and do your job. It will be a disastrous day even for gps here. Things might look calm in the GP surgery, but people might be missing cancer. So investment is risky if you're not trained. One investment is risky if you're not safe.
