This is another post in our ongoing Throwback Thursdays Series, where we share blog posts from the past to bring you a ton of value and help you learn faster.
Today, I’m sharing one of my old posts with you – Why Developing Your Circle of Competence is So Important.
Let’s get to it…
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In my network of friends / family / colleagues, I’m most often known as ‘The Investment Guy’.
Because of this, I’m often asked about the latest trend in investing, whether it be years ago, gold and silver, the Greek Crash a couple of years ago, or more recently, weed stocks and cryptocurrency.
To see our other videos in this series, where I give my thoughts on weed stocks, crypto, diversification, retirement plans and more, click here.
Today, we’re doing something a bit different…
Today, I’m telling you why I’m more nervous doing some $8,000 deals than going after $18,000,000 deals.
It has to do with my circle of competence and deal-making and it affects you too.
Let’s get to it…
In the 14-minute video above, I tell you my thoughts on my circle of competence and deal-making.
Here are some of the things I talked about in the video above…
- Why I’m more nervous doing some $8,000 deals than going after $18,000,000 deals
- How this relates to my circle of competence and experience
- How you can gain the same confidence and experience
- Why staying within your circle of competence is ultra important
- And more…
In short, gain massive experience, knowledge, and skills to gain confidence in your abilities to do deals.
And always either stay within your circle of competence or work hard and learn a lot to expand your circle of competence, so you know what you’re doing.
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