Podcast Summary: Problems to Profit
Episode: From $1.2M Loss to Lifelong Lessons: Jeremy Newsome on Turning Failure into Profit
Host: Preston Brown | Guest: Jeremy Newsome
Date: November 13, 2025

Overview

This episode delivers a candid, deeply personal, and inspiring conversation between host Preston Brown and stock market educator/entrepreneur Jeremy Newsome. Together, they explore the journey from devastating business loss to personal and financial growth, tackling core lessons about money, mindset, identity, faith, and the mechanics of wealth-building. The show flows naturally from hard lessons and technical trading to profound insights about the psychology and spirituality of abundance.

Key Discussion Points & Insights

1. Jeremy’s Origin Story & Early Money Lessons

• Forrest Gump Inspiration: At age 6, Jeremy is inspired by the film Forrest Gump to learn about investing when he hears about Lt. Dan investing in “some fruit company” (Apple).
• First Big Mistake: At age 12, after earning $1,500 by selling blackberries, he and his dad purchase Apple stock for $3,000—selling six years later for $12,000, not knowing if they’d held those shares they’d be worth $30 million today.
  • “That was my first $30 million mistake.” – Jeremy (09:27)
• Early Trading and Catastrophic Loss: By 21, Jeremy trades $400k of friends/family savings into $1.2M, then loses it all in a week betting on silver with call options.
  • “The silver bubble burst on my 21st birthday… I know exactly what rock bottom feels like. I should be a geologist.” – Jeremy (11:55, 12:27)

2. Recovering Through Accountability and Obsession

• Owning the Loss: Jeremy personally calls everyone he lost money for, pays them back with interest through a payment plan:
  • “That was such an amazing gift because… you either give up, pivot, or figure it out. And I decided: I’m going to figure this out.” – Jeremy (12:48, 13:53)
• The Path to Mastery: He devotes 17-hour days to learn trading, repays his debts, and later founds one of the largest stock market education companies in the world (sold in 2023).

3. Wealth as “Second Grade Math” and Consistency

• Math of Wealth: Reframes investing as a matter of consistent, repeatable math—buying shares and catching small market moves.
  • “Wealth is second grade math, repeated consistently.” – Jeremy (16:32)
  • Example: $3 move x 1,000 shares = $3,000. If repeated 200 times yearly = $600,000/yr.
• Trading Tactics: Describes stock trading/cash flow strategies using options: collars, covered calls, cash-secured puts—converting non-yielding assets into cash flow.
  • “Options are created by the smartest, wealthiest individuals to protect all their money—unlosable positions for a period of time.” – Jeremy (31:32)

4. The True Asset: Proximity and Investing in Relationships

• Room > Asset: The greatest investment is buying your way into rooms with significant people and ideas.
  • “The best asset you can ever buy is a ticket into the room.” – Jeremy (22:28)
• Real-Life Example: Jeremy credits Preston for making private jets seem rational and demystifying the economics of time/leverage.

5. Mindset Shifts & The Spiritual Game of Wealth

• Shares, Not Dollars: Jeremy now values accumulating “shares” rather than dollars, focusing on assets that grow exponentially (41:04).
• Victim to Victor: Changing one’s questions (not “why can’t I?” but “how can I?”) and beliefs about money is pivotal (33:18).
• On Getting Rich: “Getting rich is actually easy… It’s easier now than ever to get rich. There’s a reason the rich get richer… They just updated the equation, and you haven’t.” – Preston (36:18)
• Spiritual Layer: True spiritual abundance is about removing “what about me?” from your thought process and focusing on lifting others.
  • “If you can be happy regardless of circumstance, wealth or anything else, you are enlightened.” – Preston (42:29, 43:44)

6. Major Losses and the Gift of Failure

• Preston’s $5M Mistake: Preston details a business betrayal that cost him millions and deep relationships, but forced him to learn, detach, and ultimately solve the problem after finding peace.
  • “Problems are gifts and guides. As soon as I learned the lesson, I saw the answers. I solved the problem very quickly.” – Preston (55:49)
• Identity & Problems: Avoid letting your identity become entangled with your problems; instead, identify with the solution.
  • “You should get close to your problems, but never identify with your problems.” – Preston (60:13)

7. On Faith, Abundance, and Removing Money Taboos

• Jesus Was Rich: Jeremy shares profound research and arguments reframing Jesus as born into wealth, received immense gifts (likely hundreds of pounds of gold, frankincense, and myrrh)—challenging the narrative that poverty = virtue.
  • “What if, like Jesus, you were just born enough? And you didn’t have to do anything other than open up and receive?” – Jeremy (72:24)
• Abundance is Infinite: God, wealth, and opportunity are infinite—our scarcity is a mindset problem.
  • “I actually believe most people aren’t getting what they’re asking for because it wouldn’t truly sustain them; they’re asking for too little.” – Jeremy (81:52)

Notable Quotes & Memorable Moments

• Preston on Jeremy’s authenticity:
  • “You are one of the few people in this world that has reframed my reality.” (03:25)
• Jeremy on the gift of failure:
  • “That loss was such an amazing gift, because you either give up…or figure it out. And I decided: I’m going to figure this out.” (13:53)
• Jeremy on identity and money:
  • “Stop wanting more dollars and start wanting more shares…that value will translate to more dollars exponentially. But most people want dollars. I want shares.” (41:04)
• Preston on the pain of loss and learning:
  • “What was avoidable was 70-90% of the pain. I was trying to follow the rules that nobody else was following…When I let the problem seep into my identity, the problem took longer to solve.” (57:10, 59:52)
• On being a ‘positive’ minority (top 1%):
  • “Everybody should be part of this minority…That’s the best type of minority to be.” – Preston (63:35)
• On Jesus and wealth:
  • “At that moment of birth, what if Jesus got treasure chests, hundreds of pounds of gold…born as a trust fund baby.” – Jeremy (72:24)
  • “The only reason [Herod] would take that risk [to kill all firstborns] is if he saw a threat that was bigger, like maybe a new king that was wealthier, more successful.” – Preston (75:10)
• Jeremy on miracles and abundance:
  • “He created wealth out of thin air. Numerous times…When you start stepping into faith versus fear, you really start asking for more.” (79:11)

Timestamps for Important Segments

• Jeremy’s first big investment lesson: 07:54 – 09:57
• Losing $1.2M, hitting rock bottom: 11:46 – 12:27
• The grind to pay back losses and rebuild: 13:53 – 14:56
• Second grade math of wealth: 16:32 – 18:13
• Options trading for cash flow (collars, etc.): 30:06 – 31:56
• Trading and the importance of being in the room: 22:28 – 22:39
• Mindset—shares vs dollars, identifying with solutions: 41:04 – 42:29, 60:13
• Preston’s $5M loss, detaching identity from pain: 49:41 – 57:48
• Reframing the story of Jesus and abundance: 68:51 – 79:11
• Final philosophical wrap-up on faith, frequency, and giving: 82:20 – 85:25

Tone & Style

• Candid, unfiltered, and direct: Both hosts use strong language, give “no bullshit” accounts of high-stakes loss, stress, and redemption.
• Warm, mentoring, humorous: Despite hard truths, the show is filled with expressions of friendship, real-life bonding, and running jokes.
• Spiritual and practical: Deep dives into faith, identity, abundance, and tactics, presented as two friends would discuss at dinner after the seminar.

Where to Find Jeremy Newsome

• Podcast: Solving America’s Problems, Broke to Awoke ([87:58])
• Instagram/Twitter/YouTube: @jeremynewsome (blue check verified)
• Website: jeremynewsome.com

Takeaways

• Mistakes are gifts when owned and learned from.
• True wealth is mastering simple math, consistent habits, and mindset.
• Surround yourself with greatness; proximity changes everything.
• Detach your identity from problems; embrace solutions.
• Abundance is a spiritual game, not just a financial game.
• Aim high: joining the “top 1%” is the best kind of ‘minority’ and it’s available to everyone willing to learn and serve.

Recommended For: Anyone who needs both a tactical and philosophical reframe on money, success, failure, and what it means to truly “profit” in business and in life.