The older I get, the more I believe in maintaining a healthy level of paranoia.
Yesterday, I talked about the power of “no”. I think you’re answer should be “no” until you see a good reason to change it to “yes”. Most people probably have that the other way around. (No, I’m not contradicting billionaire Richard Branson. He’s talks about saying “yes” to yourself. I’m talking about saying “no” to others.)
I once read on lifehack.org that “people aren’t against you; they are for themselves”. That is a brilliant observation of human nature.
It’s not to say that people can’t be wonderful and good and generous. I’m not being a cynic, I just like to think of it in terms of business and investing.
If someone approaches you and wants to bring you in on a business venture, it’s because they need you. It’s not because they want to help you. They need your skill set or your connections or something—if you can’t think of a good reason as to why they truly need you, run for the hills! It’s a scam. If it sounds like a legitimate business venture or investment, make sure it’s in your best interest.
Be picky with your ventures. Be picky with your partners.
I’m going to be picky when choosing a multi family home.