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Growing and Scaling Your Business
Success/Failure
What Are the Dumbest Financial Decisions You Have Ever Made?
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<blockquote data-quote="WJK" data-source="post: 933688" data-attributes="member: 51608"><p>I've tried a lot of things that have flat failed. I've learned from every one of them. I make sure that the losses are a small percentage of my investments. I only use money that I can afford to write off. And they must have huge upside potential in order to even give them a try. </p><p></p><p>I've also done a lot of things on a whim. When I was in my early 40's, I got a wild hair and I went to law school at night and on the weekends. We were in the middle of a horrible recession that had started around 1990. I was working at my career all day and going to school all night. By the end of the first year, I figured out that I did NOT want to be an attorney. But, I was there and holding my own. So I finished and got my J.D. By the end of law school, I had morphed my RE career (appraiser, broker and investor) into being an expert witness and doing litigation support. Yes, going to law school was expensive. But, I ended up making more per hour than my attorneys that hired me.</p><p></p><p>I guess I'm telling you that even bad decisions can be made right sometimes. If nothing else, you learn from them.</p></blockquote><p></p>
[QUOTE="WJK, post: 933688, member: 51608"] I've tried a lot of things that have flat failed. I've learned from every one of them. I make sure that the losses are a small percentage of my investments. I only use money that I can afford to write off. And they must have huge upside potential in order to even give them a try. I've also done a lot of things on a whim. When I was in my early 40's, I got a wild hair and I went to law school at night and on the weekends. We were in the middle of a horrible recession that had started around 1990. I was working at my career all day and going to school all night. By the end of the first year, I figured out that I did NOT want to be an attorney. But, I was there and holding my own. So I finished and got my J.D. By the end of law school, I had morphed my RE career (appraiser, broker and investor) into being an expert witness and doing litigation support. Yes, going to law school was expensive. But, I ended up making more per hour than my attorneys that hired me. I guess I'm telling you that even bad decisions can be made right sometimes. If nothing else, you learn from them. [/QUOTE]
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What Are the Dumbest Financial Decisions You Have Ever Made?
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