“Courage is rightly esteemed the first of human qualities because it is the quality that guarantees all others.”
- Winston Churchill
Lately, I’ve been receiving a lot of questions from folks regarding advice they have received from other investors (both online and offline) regarding investing advice and what types of opportunities to pursue. The main question has come down to, “I was told to do this” or “I was told not to do this” – what are your thoughts?
My own personal belief is that most times nothing is ever black and white. Everyone is going to have different experiences on what they like/don’t like and what works for them/what does not work for them. And, even more – people have different goals and different personalities.
Even on this blog, I’ve mentioned time and time again that I am not here to convince folks to invest in mobile homes. This blog is merely here to share my stories and adventures investing in mobile homes.
I am not claiming that mobile home investing is the best type of investment vehicle out there for folks. Why?
The reason why is that it’s different for everyone. Not everyone is going to enjoy investing in mobile homes, not everyone will have favorable experiences with it – it’s all a matter of personality, what you like/don’t like and what works for you and what does not work for you.
(Note: If you’re interested in learning about why I enjoy investing in mobile homes, feel free to check out this article I wrote).
In the past, I’ve known of other investors who have done a “Lonnie” deal or two who just didn’t feel mobile home investing was for them, that’s ok. Most recently, there was a blog post by my fellow blogger J. Scott on his experience with the mobile home business – he decided it just wasn’t for him to pursue it at this time after his experience.
So, you see not everything is always black and white. And, I see a lot of investors out there who put things in black and white terms – this is dangerous. It’s going to be different for everyone.
In the beginning, there were a lot of times where I personally sought advice from other investors more experienced (both online and offline). I found many (but not all) to be very black and white in their advice to me. And, you know what?
If I had listened to their advice, I may have not pursued a handful of opportunities that turned into deals. From my first deal to moving mobile homes, I was told not to pursue these types of opportunities for one reason or another.
Looking back, I’m glad I made the decisions that I made. And, I made them based on the rationality and belief that I could make these opportunities happen. In the end, it was sticking to my gut and knowing in my mind – I can do this.
It’s good to listen to the experiences and advice of others. But, you do not always have to follow their advice – just listen. And, then you need to make your own decision – listen to that little voice inside of you.
Honestly, if you believe in what you do and do what it takes to make things happen – you will succeed.
As said in the movie, Pinocchio, “Always let your conscience be your guide.”
p.s. Feel free to leave comments on any post either here and/or my Facebook Page. Comments are always welcome, thanks for reading!
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