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Yes, the value of education...my New Year's Rant to You!

Posted by Rick, the Probate Guy on December 28, 2007 at 2:50 PM

In Reply to: Trustee Sale from hell! posted by Reg Boutet on December 27, 2007 at 10:23 AM

I'm not sure what to think when I read these kind of posts. Murphy's Law? Darwin's Theory of Evolution?

It's never polite to kick people when their down, of course.

However, it would be a shame to miss a perfect opportuntity to rant on about why newbies, who don't want to invest time, money and experience into their education will ultimately pay a bigger price.

We could pass around the hat to help would-be foreclosure buyers recoop the cost of their mistakes, however it need not be a very big hat because I don't expect that other investors will be inclined to contribute much (maybe some jacket lint).

For the newbies, don't think that most of the pro's get it right every time, either. I keep enough attorneys busy to be a very popular guy among the legal community. Once attorney was telling me how his Son just graduated a very prestigous university and I was surprised that I didn't get some credit for financing it (just kidding).

Mistakes are all part of this business. Avoiding the biggies, the one's that take you out of this business, are essential reasons why initial and continued training is a must.

How'd you like to fly in a commercial jet which has a some old pilot that never could "draw the airplane on the matchbook cover" but never took initially training, and certainly no recurrent flight training? I was surprised, too!

Training is also about the little stuff, the details of how to find better deals, work them more efficiently, and find other profit areas.

People are always asking me for free tips on this and that and, frankly, the first thing that I do is determine if they make the investment of time and money in themselves before I go giving out a lot of free info to them. Why should I subsidize the guy or gal who won't pay their dues?

If you want to attract quality people to you, you'd sure better bring something to the table or they won't stay to visit, so to speak.

Lastly, the value of education is sort of like the Fram filter ad guy that says, "Pay me now, or pay me later."

Seriously, I hope that the poster finds a way to recover from his misadventure and keeps on, keepin' on because some courses are more expensive than others.


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