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🚀 Investing Insights: The Four Goods 🤝
One thing I wish I’d learned sooner on my investment journey is the power of the Four Goods framework! 📊
1️⃣ Good People: Surround yourself with trustworthy individuals who share your vision. 👥
2️⃣ Good Intentions: Dig deep and understand WHY someone is venturing into a business or investment opportunity. 🤔
3️⃣ Good Rationale: Crunch those numbers and ensure the math checks out! 🧮
4️⃣ Good Contracts: When everything aligns, seal the deal with a contract you believe in. 📝
With the Four Goods in place, you’re equipped to make smarter investment decisions! 💰📈
Transcript:
Here's one thing about investing that I wish I had learned sooner. I wished I had developed sooner. I created this four-part framework on how to make decisions on where I'm going to invest. Here is the four-part framework #1, Good people. Who are the people involved in this process? You want to make sure you're in business partnership with good people #2 good intentions Why is this person starting this company? Why is this person buying this piece of real estate. Why is this person creating this investment opportunity? I want to know what good people and good intentions are before I move forward at all. The third is good rationale. And all that to me is a model, a spreadsheet. If the Good People and good intentions are checked, now I have good rationale. I want to know that math works and only when I know the math works you have to get to the next one which is good contracts. When good people, good intentions, and good rationale work, I now get to write up a contract that I believe in. I call this the 4 goods. When you have the four goods in place, you're able to make better decisions that are right for you.
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