W
WebBoard
Guest
From: Mike .
Analysis Paralysis! Help!?
From: Michael Croft
Date: 24 Jan 2001
Time: 08:21:14
Hi all, hope you can help as I just can't let go of this one.
Here's the scenario; young exec. 30 something, earning reasonable money (60k), spending 5% more than income, wife (at home) 2.2 kids, mortgage of 150k on 350k home, no other debts other than credit cards, has some super and making the minimum contributions. Both realise that they are going backwards.
I've introduced him to the concepts of IP's with intention of helping them out of the rat race, sent them both off to any and every seminar that comes to town as education (with instructions not to do anything without talking to me first!). I've lent them my extensive collection of books, videos, magazines, spread sheets, etc. on investing in IP's and other areas. Given them pep talks and encouragement. Played Cashflow 101 with them, even lent them the game. Shown them this forum but they don't visit. Introduced them to brokers, bankers, and others. Even shown them case by case examples of how I've done it just to prove how easy/realistic it is.
The net result is .......... nothing, zip, zero?! Yes it has all been taken seriously and studied but they won't move/ take action. This has been going on for about a year now. I haven't been able to change there mind set. You know the old "you can lead a horse to water but you can't make it drink".
I suppose I'm hoping someone has had a similar experience, but with a break through and I'd like to know how you did it.
Why can't I forget about it and consign them to the financial scrap heap of life and move on?? Because they are family!!
Regards, Michael
Analysis Paralysis! Help!?
From: Michael Croft
Date: 24 Jan 2001
Time: 08:21:14
Hi all, hope you can help as I just can't let go of this one.
Here's the scenario; young exec. 30 something, earning reasonable money (60k), spending 5% more than income, wife (at home) 2.2 kids, mortgage of 150k on 350k home, no other debts other than credit cards, has some super and making the minimum contributions. Both realise that they are going backwards.
I've introduced him to the concepts of IP's with intention of helping them out of the rat race, sent them both off to any and every seminar that comes to town as education (with instructions not to do anything without talking to me first!). I've lent them my extensive collection of books, videos, magazines, spread sheets, etc. on investing in IP's and other areas. Given them pep talks and encouragement. Played Cashflow 101 with them, even lent them the game. Shown them this forum but they don't visit. Introduced them to brokers, bankers, and others. Even shown them case by case examples of how I've done it just to prove how easy/realistic it is.
The net result is .......... nothing, zip, zero?! Yes it has all been taken seriously and studied but they won't move/ take action. This has been going on for about a year now. I haven't been able to change there mind set. You know the old "you can lead a horse to water but you can't make it drink".
I suppose I'm hoping someone has had a similar experience, but with a break through and I'd like to know how you did it.
Why can't I forget about it and consign them to the financial scrap heap of life and move on?? Because they are family!!
Regards, Michael
Last edited by a moderator: