Saturday, November 3, 2007

Leave Your Ego at the Door

"Leave your ego at the door." This is one of the first things I learned when I started my investing ventures. One of my many mentors back then gave me this very important piece of advice. Time and time again, I remember it.

I'm writing about this subject b/c I'm running into investors who have such inflated egos. These are people who make it seem like they are above everyone else and know more than other people. I don't like these types of people b/c they stop learning b/c they think they know it all. In reality, no one knows it all - you can always learn something from someone.

It's amazing b/c a fellow investor of mine told me that he was treated very rudely by a title company who thought he was completely new at the real estate biz. In reality, he is a landlord with multiple properties in the area and has been in the business for the last couple of years. The title company just assumed he didn't know much b/c he was asking so many ?s specifically related to transferring title on a sticky situation.

People tend to make assumptions on people. A lot of times, most people don't even know my background investing in real estate and assume I'm just a kid in school. It's even worse with family members but I guess that is the reality of the situation.

I've learned to block things and people out who insist they know better. Personally, I stay low with my investing ventures and don't really discuss it unless I am with fellow investors. It's better that way - I don't like when people try to convince me they know more about investing than I do even though they've never invested before.

My thoughts today again is to just leave the ego at the door. People with inflated egos are just that - inflated.

1 comment:

Scarlett said...

Well written article.