Our modern age has replaced caves in the forest with comfortable houses of brick and mortar, and the casual hunt with bow and arrow has been exchanged for an 8-hour grind at the office to put bread on the table. But by advancing to a more convenient lifestyle, we inherited the task of menial and boring work in return for energy expended.
Nic Nickerson, Al Lowrey and Mark Haroldsen did not intentionally target these dissatisfied bread-winners, but the books they wrote about investing in
The problem was, and is, that many foot soldiers in this growing army of investors expect to “get something for nothing.” The appeal of staggering checks at the closing table instead of a few bucks in weekly wages has often blinded the staggering numbers of new investors.
Education and experience are the first requirements of expert investing. But who enjoys the drudgery in gaining a solid education? And, renting and renovating are not a leisurely stroll in the park, but are tough jobs that demand intensely hard work. Why not try to get by with a sloppy job? Even the creative tasks requiring brain-work, like selling properties and processing short sales, are exhausting if executed correctly. Taking short cuts and ignoring the personal needs of customers can be easily excused in pursuit of the Quick Buck.
My analysis after over 30 years of investing is that we must strive with greater rigor to become professional. I started my journey after a catastrophic business failure that left me with nothing but a deep desire to succeed. I became a millionaire in two years only by struggling to buy property without cash or credit. I was awarded national “Top Investor of the Year,” but no one knew the difficulty and sacrifice. Those who promote the
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