Don’t Be a “Penny Wise and Pound Foolish”

Lately, I’ve had the conversation several times with students trying to save a few bucks by taking shortcuts with their expenses building their biz. Be careful, silly!

It’s important to use good judgment on your spending. We all know that saving money is the same as making it… to the bottom line at least… but don’t save $10 when that savings may cost you $10,000!

Trust me, I remember all too well what it’s like to need $50 to get something done and having to go through a stack of credit cards trying to find one with $50 on it… I’ve been there, and I’m sure most every successful investor has too, at one time or another.

I know what it’s like to decide to either pay myself this week, or pay a credit card, and I’ve learned (out of necessity) how to use one credit card to pay another, heh. Even so, there’s some things that you shouldn’t cut corners on.

One of them is your contracts.

 Just watch the video below  to know how not to be a “penny wise and pound foolish in real estate investing.


Leave a Reply

You must be logged in to post a comment.