Re: Absolutely not! - Posted by Lonnie
Posted by Lonnie on October 30, 1998 at 13:16:06:
The mentality of your banker is a good example of why I made a vow many years ago to never again do business with banks. Bankers live in another world from investors.
Age has nothing to do with doing business and making deals. I think JC Penny was in his 60?s when he made his come-back. The rest is history.
Col. Sanders was in his 60?s when he finally found someone to buy his fried chicken recipe, after being turned down 1,009 times. I once bought an apartment house from a 80 year old man that took back a 30 year note on the property.
I think advice should be measured by the success of the person giving the advice. Ask your banker what he does besides sit behind a desk that he doesn?t own, and handle money that belongs to somebody else. What qualifies him to give you advice? You might also ask him what kind of a retirement he expects to have when he reaches 65.
You?re at the right age to do most anything you really want to do. The only suggestion I might add is to study and learn as much as you can about whatever you want to do, before taking a big leap. Then do it!
P.S. Friends don?t let friends do business with banks.