AtUrCervix
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Joined: 1/15/2016
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This is one of those..."what would you do if you knew you couldn't fail" quandaries:.
I was at my favorite bar today....young kid bartender...always asking me the basics..."how does a young guy like me get ahead?" (basically...how do I...buy real estate/build assets/not fail...etc.). My answer always was...and remains..."start".
(Somewhere......anywhere...take some risk.....{any risk}....fail...and then....get up....and try again).
Today I turned down a deal to buy an old school property. I'd been working on it for 6 weeks...for me...the numbers just didn't work (I want a bigger and faster return than most do).
Great building....built in 1903...rock solid (concrete everything...except the roof...needs paint...among a few other things)...shitty location {today}, TONS of dirt (a LOT of acreage...read; boat storage {meaning...no effort}...tons of opportunities)...absolutely stoooopit price (as in...crazy cheap)...guy is 87 years old....owns half the town (little shit bag town...in between a ski resort and the freeway but...literally out in the middle of nowhere...I'm thinking...specialty/regional brewery/boat storage...a million different opportunities)....and...the guy will finance the deal (with damn near nothing down) at 3% over 20 years (heirs will assume the contract when he dies) with a 30 year amortization (meaning...in 20 years, the buyer will owe about 28% of the total purchase price, but at inflationary asset values....essentially...he'll owe then...what most will be paying for monthly taxes...on same).
(For those of you not in to buying real estate...this is one of those "free money" equations...but for me...the clock doesn't work...the town is too far out and...I'm running out of time to allow the world to come to this asset...for a young kid in his late 20's...it's a sweet deal).
He approached me again...asking the same questions (he'll eventually take the first steps but...he's {currently...he's young} afraid which then....made some light bulbs go off for me...).
It dawned on me that (sue me...I'm a guy so...all my perspective comes from a guy's perspective)....failure is never as painful as one expects.
First light bulb.
Second light bulb:
Success (I've had some) is never quite as sweet as you think it will be (think...Rocky going up the steps in Philly except {applause/accolades/balloons/fireworks....}...it never quite works out....exactly....that way).
That first fight that we all (see above as to guy perspective) fear at age 11 or so...once we got hit in the face (and hopefully won but...if not) wasn't even half as painful (emotionally or physically) as we expected.
And...we recovered (emotionally....and physically).
Every success (which we all dream will cause every ex GF/ex Wife/ex employer to wish they were still dating/married to/employing...{moi/you}...but it never does...well...until several decades later when they tire of their current BF/husband/employee...and then compare {us/moi/you] to existing {BF/hubby/employee})...is only half as sweet as anticipated....then....it just becomes math:
So....if failure is only half as painful as anticipated.....and success is barely half as sweet...it becomes rather obvious:
Failure takes four times as much effort than success.
In short....it is four times HARDER to fail....than succeed.
< Message edited by AtUrCervix -- 4/18/2017 4:23:18 PM >
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Getting older..... - 
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