W
WebBoard
Guest
From: Mike .
IP mentor
From: Jacques
Date: 29 Jan 2001
Time: 10:14:38
Being a newbie to IP, I ask more questions than I answer
I was reading the posts started by Michael Croft's query on Analysis Paralysis. A very interesting series of contributions! And it got me thinking, as a newbie, on how people start in property. I have done and am still doing a lot of reading, trying to educate myself, I believe I am fairly well motivated, but I have found I am missing what I think may be an important (or at least not to be considered as trivial) element in my learning curve: a mentor.
Michael's family (when they get started) have him as a mentor, somebody they can trust, bounce ideas off, get advice from, receive encouragement from. Somebody who can look at their situation, pour over the numbers without necessarily asking for a fee (and I do not mean that one should do away with professional services from an accountant), suggest ideas without any other vested interest than helping, and help formulate plans to achieve financial goals.
I guess all the authors of books I have been reading (Kiyosaki, Somers, Fitzgerald, etc) have been helpful, but I cannot use them as mentors (not unless I put up a lot of money, in which case they are not necessarily mentors the way I see it!). You gurus on this forum certainly provide advice and act as a sounding board, and would be collectively mentors for all the readers of this forum.
I have two part-time businesses, one a travel franchise, and the other a marketing franchise. In both cases, I have a mentor I can speak to, call upon to help, and that has started me really well on a successful journey. So I thought that a mentor for my journey into IP may also help.
What is the opinion of the gurus here? Did you start off with a mentor? Would you have liked to have a mentor? Would you have done differently/better with a mentor?
Cheers Jacques
P.S.: replace the word "mentor" with "coach" if you prefer.
IP mentor
From: Jacques
Date: 29 Jan 2001
Time: 10:14:38
Being a newbie to IP, I ask more questions than I answer
I was reading the posts started by Michael Croft's query on Analysis Paralysis. A very interesting series of contributions! And it got me thinking, as a newbie, on how people start in property. I have done and am still doing a lot of reading, trying to educate myself, I believe I am fairly well motivated, but I have found I am missing what I think may be an important (or at least not to be considered as trivial) element in my learning curve: a mentor.
Michael's family (when they get started) have him as a mentor, somebody they can trust, bounce ideas off, get advice from, receive encouragement from. Somebody who can look at their situation, pour over the numbers without necessarily asking for a fee (and I do not mean that one should do away with professional services from an accountant), suggest ideas without any other vested interest than helping, and help formulate plans to achieve financial goals.
I guess all the authors of books I have been reading (Kiyosaki, Somers, Fitzgerald, etc) have been helpful, but I cannot use them as mentors (not unless I put up a lot of money, in which case they are not necessarily mentors the way I see it!). You gurus on this forum certainly provide advice and act as a sounding board, and would be collectively mentors for all the readers of this forum.
I have two part-time businesses, one a travel franchise, and the other a marketing franchise. In both cases, I have a mentor I can speak to, call upon to help, and that has started me really well on a successful journey. So I thought that a mentor for my journey into IP may also help.
What is the opinion of the gurus here? Did you start off with a mentor? Would you have liked to have a mentor? Would you have done differently/better with a mentor?
Cheers Jacques
P.S.: replace the word "mentor" with "coach" if you prefer.
Last edited by a moderator: