The Crucial Difference Between Good Advice and Bad Advice

IN MY OPINION:

WILLIAM REYNOLDS:

The Crucial Difference Between Good Advice and Bad Advice

This is how to tell the difference.

“Everyone sits in the prison of his own ideas; he must burst it open.”

‒Albert Einstein

Counter intuitive>> going with your gut as opposed to taking advice from someone that 'actually knows' what they are taling about....COUNTER INTUITIVE>>> NOT GOOD<<<

Most people accept whatever advice they are given If someone tells them about a great tip, they jump on it. If they hear about an idea that they like, they think it is good advice. >> Most people have no system to help them determine the difference between good information and bad information. They rely on their gut, or their heart, or something else.

It may seem odd that I am giving advice and also warning about the dangers of advice. I get it. But I find it crucial to think and write about this. But, I was luckier than most. My advice came from my very, very successful relatives,,including Academy Award winners. The Event That Shook Me

“You cannot escape the responsibility of tomorrow by evading it today.”

— Abraham Lincoln

Years ago, I attended a large event that was packed with influential speakers. One of them was an author who gave advice to people about how to invest their money in the film industry.>>During the same timeframe, millions of people had lost large fortunes in the movie investments because it seemed exciting. Many of those people had followed this particular speaker’s advice — and lost money.>>During a question and answer session, someone asked this speaker how he could still teach the same lessons when thousands followed his advice (or very similar advice) and lost lots of money.>>The answer from the speaker still haunts me.>>It was not his fault. He just presented information. It was each individual’s responsibility to make their own money decisions.

I was shocked. This person did not really care about whether the advice he was providing was actually going to work. He took no responsibility for what happened — for giving the advice that he gave.>>I learned many great principles that day. But one of best things I learned was that I had to figure how to tell the difference between good and bad advice — before my money, time, or life was on the line.<<DO YOUR OWN RESEARCH>>DON'T LET HOMELESS PEOPLE TELL YOU HOW TO INVEST YOUR MONEY>>>> LOGIC<<<<