Comments on: Five Ways to Flush $50k http://www.chrisdavies.ca/2009/08/five-ways-to-flush-50k/ REIN, Real Estate, Stats, Music and More Thu, 29 Jul 2010 02:35:35 +0000 hourly 1 http://wordpress.org/?v=abc By: Neil Uttamsingh http://www.chrisdavies.ca/2009/08/five-ways-to-flush-50k/#comment-2500 Neil Uttamsingh Sun, 27 Dec 2009 03:05:44 +0000 http://www.chrisdavies.ca/?p=1212#comment-2500 I agree with Bill's point. I think it makes absolute sense to not take any advice from unqualified people such as family or friends. Further to this, I would also suggest to be carefully in taking any advice from people without a proven track record. I have noticed that this group of people can expand to a circle outside of our friends and family. On a couple of occasions I have been told by certain investors what areas and types of investments are good to invest in, and what types of investments are bad to invest in. However, in my personal example, the investor was telling me that a certain investment that I was considering was a bad idea, however, he had no knowledge or experience with this type of investment at all. When I took a step back to see what his true motivation was, I realized that he was trying to discourage me from one investment, and sell me on his investment idea. Opinions are plentiful. Be careful who you listen to. Good point Bill. Regards, Neil. I agree with Bill’s point.
I think it makes absolute sense to not take any advice from unqualified people such as family or friends.
Further to this, I would also suggest to be carefully in taking any advice from people without a proven track record.
I have noticed that this group of people can expand to a circle outside of our friends and family. On a couple of occasions I have been told by certain investors what areas and types of investments are good to invest in, and what types of investments are bad to invest in. However, in my personal example, the investor was telling me that a certain investment that I was considering was a bad idea, however, he had no knowledge or experience with this type of investment at all. When I took a step back to see what his true motivation was, I realized that he was trying to discourage me from one investment, and sell me on his investment idea. Opinions are plentiful. Be careful who you listen to. Good point Bill.

Regards,
Neil.

]]> By: ACRE Weekend Resources for Newbies | Chris Davies http://www.chrisdavies.ca/2009/08/five-ways-to-flush-50k/#comment-2105 ACRE Weekend Resources for Newbies | Chris Davies Sat, 07 Nov 2009 11:50:25 +0000 http://www.chrisdavies.ca/?p=1212#comment-2105 [...] Five Ways to Flush $50k [...] [...] Five Ways to Flush $50k [...]

]]> By: Chris http://www.chrisdavies.ca/2009/08/five-ways-to-flush-50k/#comment-1962 Chris Tue, 11 Aug 2009 19:15:22 +0000 http://www.chrisdavies.ca/?p=1212#comment-1962 Good call Bill! There's lots of people out there who are a little too willing to share their opinion. I had a question today about rent to own, which I know little about. I said "I don't know much about it, but I know some people who do." It's simple to say 'I don't know'. Good call Bill! There’s lots of people out there who are a little too willing to share their opinion. I had a question today about rent to own, which I know little about. I said “I don’t know much about it, but I know some people who do.” It’s simple to say ‘I don’t know’.

]]> By: Bill http://www.chrisdavies.ca/2009/08/five-ways-to-flush-50k/#comment-1960 Bill Mon, 10 Aug 2009 16:34:09 +0000 http://www.chrisdavies.ca/?p=1212#comment-1960 Might I also add as a suggestion to avoid. Taking advice from unqualified people. This includes friends and relatives. It seems like everyone has an opinion about Real Estate, but many are really uneducated about the proper way of investing, or can only remember the crash of "insert any recession year here". Long term investing in good markets with a solid education about the process can change your life, for the positive. Just ask any successful REIN member. Might I also add as a suggestion to avoid. Taking advice from unqualified people. This includes friends and relatives.
It seems like everyone has an opinion about Real Estate, but many are really uneducated about the proper way of investing, or can only remember the crash of “insert any recession year here”.
Long term investing in good markets with a solid education about the process can change your life, for the positive. Just ask any successful REIN member.

]]> By: Link-o-Ramma for Aug 8 | Chris Davies http://www.chrisdavies.ca/2009/08/five-ways-to-flush-50k/#comment-1954 Link-o-Ramma for Aug 8 | Chris Davies Sat, 08 Aug 2009 19:51:03 +0000 http://www.chrisdavies.ca/?p=1212#comment-1954 [...] Five Ways to Flush $50k [...] [...] Five Ways to Flush $50k [...]

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