The Way to Become Rich . . . .

Lou: Knowledge and ongoing education in the industry will help make someone rich. In order to become the best of the best it will take consistent updating throughout the life cycle in the industry. Whether it be ten years or twenty, one should not ever quit learning and strive to be the best.

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Lou,

Sound advice from such a great man.  I had a professor in college say that to be the best of the best, you have to work on the cutting edge, new tools and adapt to change.

Little different advice than many financial consultants would give - don't put all your eggs in one basket - but hey...the way you have put it - it's perfect - be an expert and focus on a niche...

Lou,

I think watching the basket is a good idea!

Ann Hayden in Wildwood, MO

That is a different take on the old saying, but it makes sense because you can't watch too many baskets at once without some of those eggs falling out.

The "expert" is always given more credence than the "generalist." So, it pays to specialize, then you can invest the rewards of your work in many baskets!

Lou, I guess there are pros and cons for both the one basket vs. many baskets approach.  Specializing and being very good at one thing is good but one should also stay up-to-date enough on general topics in ones field to keep up and not lose touch.

interesting twist. I do have MOST of my eggs in Real Estate so I hope that works.

Enjoyed the post Mr. Carnegie had some very strong words that we can all benefit from today. Too often we see professionals who claim to be specialists in everything. I see advertising from contractors that say "we specialize in all areas of construction". Really?

Thanks for the post!

Thought provoking this morning. I have multiple baskets - one really big and a couple of smaller baskets. But I am watching them all!

I also liked the twist. Very clever! Have a nice week Lou

Lou, I think it's important that we put our efforts and efforts into growing that niche market.

Lou,

I LOVE THIS ONE!

Sending this one to my husband!

Have a great day!

Lou - When I got my real estate license I definitely put all my eggs in one basket.

The problem with that theory is that who wants to be wealthy with only eggs.  Life is so much more than just being abundantly fortunate in one area…

Hi Lou! That's hilarious! My dad always told me to never put all my eggs into one basket...what you posted is definitely a different spin on that statement..lol...Debbie

Hi Lou! That's hilarious! My dad always told me to never put all my eggs into one basket...what you posted is definitely a different spin on that statement..lol...Debbie

Nice!