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Would I Ignore This Advice To My Earlier Self?

By
Real Estate Broker/Owner with New Paradigm Partners LLC EB #1326335

One of my favorite sayings:

Good judgment comes from experience;

experience comes from bad judgment.

It seems that I need to learn a disturbingly large percentage of life's lessons the hard way. The same has been true in real estate. But at least when the learning comes the hard Hard Lessonway, the lesson sticks, and I can go on to the next little bit of enlightenment. And honestly, I've loved the journey, and I don't think I would have had as much fun, gained as much strength, or accomplished as much if I had been given a road map.

Like everyone else, my real estate career has featured wise sages and bumbling idiots eager to give me advice. Early on, it was really hard to tell the difference, and I was cocky enough to think I could do better on my own anyway. It's not that I didn't seek advice, just that I needed to feel comfortable with the source before I'd take it. Also, as a child of the 60's, I developed some annoying habits about questioning authority, habits which I cherish to this day.

So if I were to go back in time with advice for my earlier self, I have a sneaking suspicion I would not be listened to. And I'm truly having a difficult time deciding which lessons I would rather not have learned as I did. There were certainly some very painful moments, and quite a few disillusionments, but in almost every case, I was able to take away something positive.

But since this is about wishes, I have come up with one little piece of business advice I would wish to give my earlier self:

Dude -

Listen to me! In the mid 2000's, PAY ATTENTION!!! Think about what you see going on in your industry. Ask yourself if it makes sense. Ask yourself what the inevitable consequences will be. Think about where the opportunity is going to appear (Hint: look into something called derivatives, and bet hard against the big guys.) Then, start thinking about retirement, travel, and life as one of the idle rich.

You'll thank me someday.

Posted by
Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

 

Data Source: IRES MLS

Comments(49)

Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

A lesson learned from experience is one that will stick. There is no real estate class that can teach you real life real estate. Have a great Saturday

Apr 26, 2013 10:18 PM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Dick, congratulations on this feature, I know I wouldn't have listened to my older self either...experience can be a hard teacher, but it makes for a good ride.

Apr 26, 2013 11:46 PM
Bob Willis
Berkshire Hathaway HomeServices California Properties - Orange, CA
Orange County & L.A. County Real Estate Agent

Great post, and great comments.  I learned the hard way far too many times.  Too hard-headed, I suppose.

Apr 26, 2013 11:57 PM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Learning life's lessons the hard way definitely makes the lessons stick with us!

Apr 27, 2013 01:00 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Life's lessons would likely be ignored if it were not for experience....if I had only known.

Apr 27, 2013 01:17 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Life is a journey and you have to travel down one road to get to another.  Experience helps to smooth out those potholes in the road a little bit! - Great post and Congrats of the feature!

Apr 27, 2013 01:19 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I don't think it's fun to go back & look at the hard learned lessons. They appeared, you did what you thought was right at the time, lesson learned.

Apr 27, 2013 01:37 AM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

Wisdom comes from our journey of life and without mentors or coaches to guide us along our journey, we'll discover lifes' lessons with our emotions. Respecting and believing your coaches and mentors is essential in developing your intuition and learning process, yet many don't have that experience of pride and family.

Apr 27, 2013 01:37 AM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

I would go back to 2005 and tell myself to sell off nearly all my real estate and cash in now.  Then wait until 2010 and start buying everything up.  Would have made millions.  Hindsight is 20-20 though.  Like you said, you learn from your bad judgments.

Apr 27, 2013 01:54 AM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Dick, your words are so true.  As we were entering a listing into MLS today, we were so careful to avoid an error while we are sweating a deal gone South due to a clerical error.

Apr 27, 2013 02:46 AM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Dick, I agree we learn from our experiences, and especially bad judgments. If we only knew. Sometimes things we do make sense at the time, but later turn out not to, and then there are the things that don't make sense but end up being the best choice. It made no sense for me to go in to real estate, but I'm glad I did now. Thanks for your insightful post today, 

Apr 27, 2013 04:03 AM
Travis "the SOLD man" Parker; Broker/Owner
Travis Realty - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

I, too, am a Child of the 60's and STILL have a lil'bit of that Rebel in me! But, I usually control it and haven't made too many decisions that I regret.

Apr 27, 2013 04:46 AM
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Dick~ I want to be among the idle rich also, but I'll take retirement, travel and spending time with family any day of the week!

Apr 27, 2013 07:01 AM
Dana Basiliere
Rossi & Riina Real Estate - Williston, VT
Making deals "Happen"

Dick,

Hmmm, I see a lot of "child of the 60's" here so I am in good company. Good post! Well written. Makes us think. I know what to tell myself and I know myself well enough that I would not have listened. Yea, we were the "My way" generation; right or wrong! Thank for the memories!

Apr 27, 2013 07:07 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

I'm thinking the younger generations could use some of our 60's independence. Cow-towing to authority when authority is dead wrong can be harmful to body and soul.

We should start a "think first" movement. Of course, that still wouldn't give us hindsight!

Apr 27, 2013 08:11 AM
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker
We keep making adjustments as things change. It would only have come out differently if I'd had a crystal ball. So I forgive myself.
Apr 27, 2013 08:42 AM
Dave Roberts
Healdsburg Sotheby's International Realty - Healdsburg, CA

For me it would be directed at my mid-1980's self: 

Hey fool,

You know how you're always telling people how great America Online is...and the Macintosh. Forget buying a mutual fund. Buy AOL and APPL.

Apr 28, 2013 04:07 AM
Christi Farrington
Dagny's Real Estate - Wilton, CT
~ Your representative in Fairfield County, CT

Oh, to go back in time.  Wish I was a child of the 60's!  More like the 50"s; but, hey, I wouldn't have listened to myself or anyone, regardless.   Probably more likely to listen now.  However, I taught myself some pretty good lessons "the hard way."  Thanks for the memories.

Apr 29, 2013 02:02 AM
Brad Baylor
ERA Coup Agency - Milton, PA

I can honestly say that I wouldn't change anything that has happened to me in my life, good or bad.  However, although I've learned valuable lessons from both the good and the bad, I really wouldn't want to repeat the bad stuff... LOL.  Let's just say that learning the "hard way" is definitely something that helps us all to grow...

May 03, 2013 03:43 AM
Diane M. Phillips Realtor 443-286-4365
Frankly Real Estate Inc. - Manchester, MD
Specializing in Carroll Co., MD

Dick/Dude ~ I'm glad to be in such good company,"a child of the 60's",  I too had to learn things the hard way. Love this: One of my favorite sayings: Good judgment comes from experience; experience comes from bad judgment.

May 13, 2013 01:15 AM