One of the recurring questions I get is,
"Jim, where should I put my money?"
I have a pretty simple answer. Your should
invest your money in yourself.
You see I'm no investment guru. I don't have
vast real estate holdings, and I don't know a
put from a call. The word derivative makes
me dizzy.
But I do know that investing in yourself pays off.
Just recently I was talking with two guys who
both split from the companies they were working
for and went off on their own. By doing this, both
of them were investing in themselves.
Both of them faced a lot of obstacles in their
quest. They found that things always cost
more than they had anticipated.
(This is a rule of life...) Often they faced
situations where they had to come up with
money they didn't have. One wrote a check
for a lot more money than he had in his bank.
The next day he got a contract for three times
the check he wrote. He asked for half of it as
a down payment, and the client paid.
The other maxed three different credit cards
to get what he needed to attend a trade show.
If he didn't sell anything at the show he was
dead in the water.
He sold 22 accounts at the show, and closed
13 more on the phone when he got home. Both
of these guys were willing to go to the wall, and
it paid off.
In my early days in Toronto, where I built my
first business, I had to borrow payroll money
several times in order to pay my employees. But
each time I asked, someone came through for me.
In time I was able to sell that business for a nice
piece of change.
I started this company, The James R Whelan Agency,
for around $1500. All the money I made I put back
in the company, and now the company has an incredibly
strong foundation. It's so strong that I don't need a
banker, and that's a very good position to be in.
Invest in yourself, and you'll always win.
Give your money to a broker, and see how much
is left after a few years.
From the big saddle,
Jim Whelan
P.S. Tired of talking to unfriendly people? Then give
us a call, and I guarantee you can feel our smile over
the phone, even over the net, if you contact us at:
thejamesrwhelanagency.com or call 206 407 3124.
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