REI In Your Car 179: What to Do when Someone Asks for Free Advice

Published: May 16, 2017, 10 a.m.

I\u2019m really pumped! You\u2019ve been hearing me talk about attending the last class in my quest to finish up my MBA. Well, it\u2019s over. I\u2019m done. Mission accomplished.

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As I sum up the experience, my one bit of insight is this: I wish business schools would bring in actual owners of small businesses to teach and share, as opposed to focusing so much on mega-corporations. My take on that is in this episode.

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But another subject I discuss is my reflection on my many years of teaching and coaching, how the people who want my time for free, turn out to be the ones who seem to appreciate it the least. I\u2019m a giving person, and I want to be generous, but I also want to be fair.

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I\u2019ve seen students who start out with virtually nothing, but turn into super star investors. There are others who, because they are starting with nothing, seem to feel that others should pave the way for them.

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The further you get into this business, the more you\u2019ll be faced with the same dilemma. I think you\u2019ll like the solutions that I offer here. There are other ways to help someone on their way up, than to just hand over all your time with no exchange of value.

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Learn to respect your own time. Don\u2019t give it away carelessly.

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