Mike: Like I said, Don't we invest to make money? What's wrong with trying to make more?
For example, lets take table tennis.
You are knowledgeable about paddles. Your favorite paddle is old, not made of modern materials, however you love it and use it on a regular basis. You love the brand name and are planning to upgrade to a newer version of the old paddle. However, because you have this knowledge about paddles, you hear about a deal on new, state of the art paddles, and you want to buy some for resale, funds are limited. What to do?
From an accounting and finance standpoint: don't upgrade you old paddle yet, buy the paddle inventory for resale, make the money, then upgrade your own paddle. The only problem with this scenerio is, once you learn how to make money buying table tennis products for resale, you won't want to spend the bucks to upgrade you own paddle.
MY delema: I like Nextel, the product, the company, the future. However there is more money to be made elsewhere and that is what this game is about. MAKING MONEY! Nothing else, period.
Al G. with morning advice on simple finances. |
