This blog contains some simple tips and advice from two regular guys. We're not accountants, financial advisors, or brokers, so follow, ignore, or discuss our ideas as you see fit.

Tuesday, February 12, 2008

Know Their Agenda: Some great advice I got.

Posted By Paul

This is just a little word of wisdom that I man I used to work with gave me that I thought was very useful.

In today's world you have to be careful about what you do with your money, but you don't want to spend all of your life being paranoid about being swindled.

Here is what my colleague told me:

"In every business transaction where money changes hands. Remember that SOME of that money is going into that person's pocket, if you can't see how that money is going into their pocket, then be very concerned because you're probably missing something."

That probably seems like an obvious statement, but I have actually found it to be a pretty useful. It's amazing to realize how often people try to do something where you give them your money and they try to hide the fact that some of that money is going to them. Just taking a moment to think about how THAT person is getting paid (thus understanding their motivation) can keep you cautious about a deal without being overly paranoid.

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