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Updated 3 months ago on . Most recent reply

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Joe S.
  • Investor
  • San Antonio
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Go big or go home! 🤔

Joe S.
  • Investor
  • San Antonio
Posted

Today my thought was it is possible to grow too fast.  

It is possible to buy too many too fast and put yourself in a financial hardship.

Have you ever heard of a startup store that done real good and added another store that done good? The excitement then went through the roof and the owner wanted to do three or four at the same time and the next thing you know the whole ship went down in bankrupt.

Just something to think about.

  • Joe S.
  • Most Popular Reply

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    Erik Estrada
    #1 Mortgage Brokers & Lenders Contributor
    • Lender
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    Erik Estrada
    #1 Mortgage Brokers & Lenders Contributor
    • Lender
    Replied
    Quote from @Joe S.:

    Today my thought was it is possible to grow too fast.  

    It is possible to buy too many too fast and put yourself in a financial hardship.

    Have you ever heard of a startup store that done real good and added another store that done good? The excitement then went through the roof and the owner wanted to do three or four at the same time and the next thing you know the whole ship went down in bankrupt.

    Just something to think about.


     I think this principle applies to everything in life. Not everything is about constant success and doing more to get more. Sometimes you have to step back, really think about your long term and short term goals, stick to a daily, weekly, monthly and yearly plan. Always prepare for the worst. Have a huge cushion and don't get too excited as not everything is what it seems. You have to look at deals for what they are and you have to be real with your expectations. Social media has really messed it up for my generation. Everyone thinks they can become a millionaire fast, and skip all the discipline aspects of it.  

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