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Old 01-30-2010, 11:25 PM   #1 (permalink)
Merlocke
 
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Location: Canada
Just curious - would you want to learn how money works? Should I build, or teach?

I'm deciding whether or not to pursue an old passion of mine. I retired at the age of 26, but due to the financial market and some bad decisions and bad timing, I came back to work. This however won't be a super long stint as the lessons learned en route to my first fortune are things that I can leverage on the way to my second. It's not a matter of "If" so much as "when"...

I thought that teaching others how to make money was truly the only way to become wealthy once again. I really believed that in serving others, you helped yourself. However the decision I'm trying to make is I know have acquired knowledge and started projects that do not require me to help others make money anymore. I can solo it - just a lone wolf and quietly quickly rebuild.

The thing that pains me is that I do miss showing others concepts that put the financially ahead of the game, but I now have 2 young children, and wanting to spend more time with family - I can't run as many projects anymore as I used to.

So it's a decision I've got to make now.

Do I

A) Make a fortune faster on my own (but sacrifice my enjoyment of teaching others)
B) Run all of the projects simultaneously (not sure if this is feasible, and if I run too many, I run the risk of failing everything simultaneously)
C) Continue teaching others and stalling my own goals to rebuild?

It's a selfish thought - I understand, but the thought crossed my mind that once I've rebuilt - it will be easier to go back to teaching afterwards with capital to spare, and more donations to charity after I reach my goals once again.

I suppose another option could be

D) Teach someone and get them to teach others, but I've tried this and it's difficult to train one person EVERYTHING. I'm not saying that I'm smarter - it took me a LONG time, and a lot of reading and research to earn the stripes and scars I've found out along the way. I just fail faster than most - so eventually finding the path is inevitable.

At this point I'm just rambling - but I've always gotten good feedback and advice from others here. Is it truly the better option to "put on your mask before assisting others" (airplane safety talk) or is it more enriching to build people along with you?

Please don't read into this as arrogance - that I know more than others so it's my "duty" to teach. It's just that someone took the time to teach me, and I feel like I'm not doing my part unless I repay the favor onwards. Being torn in two directions means that I'm moving in neither direction, and being in a stuck state... well... sucks. Nothing gets done, and nobody wins.
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