Money is time is your life
I was listening to a podcast while on vacation.
One of the people speaking on the podcast was referring to college admission people as slave traders.
Here’s the analogy…
Back in the old days, people would catch other people and sell them as slaves and make a profit.
We can all agree that this was bad.
The slave would lose the rest of their time on this earth in servitude because the first slave trader did something dastardly to earn themselves some money.
Now, here’s where the podcast host was going…
If the college admissions rep convinces you to take a four-year degree in womyn’s studies or basket deconstruction and you borrow $150,000 to do it, then you’re going to have to give time for the rest of your life to pay that debt.
All because the college admission person was doing their job to earn their paycheck.
The debt creates a modern form of servitude.
The idea behind the conversation was that if you studied engineering or something practical, you’d have higher earning potential and be able to repay the debt in a shorter period of time.
I’ve seen the same unfortunate thing happen when people buy businesses.
They over-pay for the business and end up paying for the mistake for years and years.
The money you have saved up represents the time in your life you did work.
To give this money for nothing means you’re handing over those countless hours of labor to someone else for nothing.
It’s why not messing up is so important in doing these transactions.
And it’s not just in the price… the terms are critical too.
Learn more by enrolling in my online course, Business Buyer Advantage.
It’s step #2 over at https://www.BusinessBuyerAdvantage.com
Cheers
Dave
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