Investing and someone is not a bad thing, but you have to be very very careful not the right kind of things to invest your money on that's if you don't want to lose your money.
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Placing over confidence on a family or friends is very disgusting. You will be disappointed at the end. It is better to invest on brands than individual. I can't even bet my money on any celebrities. Because we human are imperfect in characters.This is more in line with investing in the person, so their following, etc. Instead of investing in a brand or company. In a way the person is the brand. Anyway, have you ever invested in someone? I invested money in a friend of mine who was producing an album, sadly it didn't get made and he ran off with the money. I learned my lesson there, that investing in anything, a person a company, whatever it may be, is not necessarily going to result in a winfall of money or anything like that. Sometimes it results in failure and your investment gone.
Good point. Why would I invest in another person instead of investing in myself?. I have confidence in myself than to stake my money on another person. That is ridiculous.I don't like succumb to investing in another person success. Rather, I would invest in myself. I found investing in myself zero risks and reliable. Investing in another person is not that guaranteed.
How can you make such an investment without penning down a secure contract? There are certain things that due process has to be followed. You don't negotiate with an artiste, you negotiate with his agent who would have to provide him if anything goes bad.This is more in line with investing in the person, so their following, etc. Instead of investing in a brand or company. In a way the person is the brand. Anyway, have you ever invested in someone? I invested money in a friend of mine who was producing an album, sadly it didn't get made and he ran off with the money. I learned my lesson there, that investing in anything, a person a company, whatever it may be, is not necessarily going to result in a winfall of money or anything like that. Sometimes it results in failure and your investment gone.
Since you have many friends who are into online businesses. You should have engaged them to teach you rather than investing in them. When you learn the logic of earning, it makes you financial independent. But when you invest in them, you are dependant.Since I have many friends who make money online, I sometimes invest in them. not often or anything, but it's a fun experience. I find it weird to invest in someone, but if the person is successful and my friend, then I have no problem investing in him or her.s