Understanding gives clarity
When I started earning some money, I didn't want to spend this money anyhow. So, I decided to venture into business. as I was looking at different businesses and seeking advice from people who were wiser than me, I came across a man who was trying to persuade me to go into the fish business. The business is not bad, but the man who was trying to persuade didn't know anything about this business. He was trying to trick me into acquiring land and using this land to set up the business. But at the end of the day, I realized that this man was trying to trick me into collecting a small amount of money with me to pay his debt. I found out later about the intention of this man because I was not so confused about everything he told me.
The only thing that saved me from falling into this man’s trap was not trying to rush anything, and listening to him carefully because everything he said was not adding up. I decided to investigate him, and I realized that this man was in great debt. The main reason why I did this was I was trying to protect my money because I knew how difficult it was for me to get that money, so I wasn't trying to rush anything. When I found out about that, I realized I must always put myself first because when it comes to money, you can't trust everybody.
Nothing bad in seeking for help but be careful
It is important to seek advice from the right people when starting a business. Seeking answers from the wrong sources can lead to being tricked and losing money. For example, someone who does not know about fish farming may give advice that is not trustworthy and may even try to use your money to pay off their debts. Therefore, it is crucial to seek advice from people who have experience and understanding in the particular business field. It is also important to only take advice from people whom you trust that into a business you want to go into.
Some people might not even try to trick you, but because they understand that you don't understand the business well, they might try to make so much profit from you, inflating the price. Reduce your purchasing power people do this because they are greedy. We have different people out there, but we must never forget, we must try as much as possible to protect our money. This doesn't mean we should run away from opportunities, but we understand what we are getting into.
Understand it well to be able to protect
To safeguard our finances, it's crucial that we have a solid grasp of our objectives. This enables us to steer clear of dishonest individuals who aim to deceive or defraud us. By comprehending our objectives, we can seek out reliable sources of information and make informed decisions. It's advisable to conduct thorough research before investing in any venture to minimize the risk of financial loss.
More from dwayne16
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Invest in what you understand.
Thanks for your time.
Posted Using InLeo Alpha
Sometimes we are just always in a haste that we end up making some mistakes that would be hard from us to even recover from because everything around us told us not to make that particular choice.
People like taking every opportunity to get more profit from things even if it means scamming or misleading others. Just as you've rightly said, we have to be very careful not to take advise from people we know are not experienced in a feed because it might be really disastrous in the end.
You are really lucky you were not so blinded by the man's sweet and enticing words, not so many would have been that fortunate.
It's always important to do a background research and cross reference to see if things add up. Sometimes, the appearance that they pitch to us is quite different from reality. For me, if I don't understand much of the basics about a particular business, I mostly refrain from going into it.