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Updated over 3 years ago on . Most recent reply
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Something my grandfather always told me
Here's the dilemma, my grandfather was a self-made millionaire, not a big-time millionaire, but probably a net worth of a 7-10million. He always told me, "never do business with anyone but yourself." He said that if you partner with someone, only partner with your wife, not any other family members because it could cause problems. I understand the wisdom in this, but I didn't inherit 1 million dollars like him to start something for someone like me. I'm worth 340k right now, and for me to grow more, I feel like I have to partner and invest with other investors to keep things moving forward. Thoughts? Or should I continue to grow my money myself with what I have? Plus, If I partnered with someone, it would be with someone I hardly know because no one else in my family invests besides my grandparents. I don't have any friends that care anything about investing or becoming an entrepreneur.
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Originally posted by @Jayden Hamilton:
Here's the dilemma, my grandfather was a self-made millionaire, not a big-time millionaire, but probably a net worth of a 7-10million. He always told me, "never do business with anyone but yourself." He said that if you partner with someone, only partner with your wife, not any other family members because it could cause problems. I understand the wisdom in this, but I didn't inherit 1 million dollars like him to start something for someone like me. I'm worth 340k right now, and for me to grow more, I feel like I have to partner and invest with other investors to keep things moving forward. Thoughts? Or should I continue to grow my money myself with what I have? Plus, If I partnered with someone, it would be with someone I hardly know because no one else in my family invests besides my grandparents. I don't have any friends that care anything about investing or becoming an entrepreneur.
Started with 1 million ended with 7 - 8 million?
I would take your own advice not his