I was talking with an acquaintance the other day about various money-making schemes (and lets face it, who doesn’t need a little more extra money these days). We were bouncing ideas off each other and she told me about the latest thing she was thinking about doing. A friend wanted her to invest in his start-up manufacturing venture. She showed me a video and a presentation that her friend put together.
After hearing the details I was not impressed. The risk was high and the return on her investment wasn’t all that great and would take a couple of years to materialize. So I told her so. She wasn’t dissuaded and said she would probably invest in this.
But it was her decision. All I could do is give my honest opinion. Fingers crossed that I was wrong.
The thing is though that ultimately it was her money and her decision to make. I’ve run into similar situations in the past where people try to tell you what you should or shouldn’t do and don’t offer any material support. Back in college one of my friends had a rich relative that told him not to go to engineering college but instead apply to business school. This relative didn’t offer any financial support of any kind but insisted business school was the best option. My friend financed himself through engineering school and now works for a large corporation.
Opinions and advice are all great and always welcome but you need to keep in mind that when it comes down to it, that’s all that they are. You have to do what you think is right and of course either reap the benefits or consequences.
I wish my friend all the best luck in the world and I hope I was wrong. But I also applaud her for following her convictions.
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