Posted by Raymond on
URL: https://mikraite.arkian.net/Useful-Skills-tp453p660.html

As an example. You can read all the books you want on buying a restaurant or gas station. But I have talked to people who own them. It is easy. But what the books likely won't tell you is that the biggest problem you have is that most managers will steal from you. You need to find a manager you can trust. If you can't do that, then you will probably get robbed.

Stock trading is simple. But I can tell you a lot of these discount online stock brokers will sell your stock at lower than market rates and buy at higher rates which will kill you on day trading (or regular trading). It is illegal but they do it.

It is basic pointers like that from people who have done it that are the real gems. Just avoid the basic mistakes that most people make when they don't have any experience. Just learn the basics of how to do a simple project effectively.

If you buy a rental property and someone says "I have to move in right now!" that person likely will be trouble. They probably are getting kicked out of their current place. All these little tips is what will give you the edge, along with explaining the very basics of how to do something. If you start a business you probably want to form an LLC which protects you from liability. It is all simple. But no one is going to tell you this stuff because they don't want you to know. They want to make all the money for themselves.