<i>"so you'd give him 50% of what you make; and what happens when you lose the money even though he mentored you??? 50% is absurd..mentoring doesnt gaurantee shit....if someone could gaurantee me that I would make money, hell they could have 100% of it all for the first year...peace"</i>
My thoughts exactly. Here in this thread you have a trader who is proven to earn six and seven figures annual in the past. He mentioned having mentored before, and what those terms were. Knowing back then what I do now at this stage of my career, if that offer were extended to me in the early days I'd have moved the +/- 2,500 miles and next country over to reserved my spot in a chair next to his for however long it took me to learn those ropes.
Seriously, does everyone realize how much broken glass it takes to crawl across before reaching that type of finish line? I'd happily have paid the whole $100,000 <b>I was shown how to make in the first place</b> (aka free money) playing the odds I could repeat the process again myself.
After all, what is the cost = price of education to reach success? I value the time spent reaching that point (opportunity cost) and money lost in exchange for lessons learned a higher price than 50% or even 100% of profits from an abbreviated learning curve.
In my beginning, I'd have been stone stupid to pass up an offer like that. Can't speak for everyone else, but that's what I know at this stage of the game today.
*
I have an aged relative who is easily net-worth more than 98% of the 100,000 aliases who ever passed thru this place. Last year he needed a utility vehicle to get around his property with. So he went down to the local John Deere dealership and bought what he needed.
Highest end model? Best one they offer? Nope. He bought the prior year's leftover which was a demo model to begin with. Negotiated lifetime service (at his age) and talked the salesman into splitting the sales tax on his invoice.
Total savings? Maybe $2,500 for haggling. He has antique toothpick holders worth several times' that sum, each one.
Perhaps there is a lesson to be learned in there somewhere
My thoughts exactly. Here in this thread you have a trader who is proven to earn six and seven figures annual in the past. He mentioned having mentored before, and what those terms were. Knowing back then what I do now at this stage of my career, if that offer were extended to me in the early days I'd have moved the +/- 2,500 miles and next country over to reserved my spot in a chair next to his for however long it took me to learn those ropes.
Seriously, does everyone realize how much broken glass it takes to crawl across before reaching that type of finish line? I'd happily have paid the whole $100,000 <b>I was shown how to make in the first place</b> (aka free money) playing the odds I could repeat the process again myself.
After all, what is the cost = price of education to reach success? I value the time spent reaching that point (opportunity cost) and money lost in exchange for lessons learned a higher price than 50% or even 100% of profits from an abbreviated learning curve.
In my beginning, I'd have been stone stupid to pass up an offer like that. Can't speak for everyone else, but that's what I know at this stage of the game today.
*
I have an aged relative who is easily net-worth more than 98% of the 100,000 aliases who ever passed thru this place. Last year he needed a utility vehicle to get around his property with. So he went down to the local John Deere dealership and bought what he needed.
Highest end model? Best one they offer? Nope. He bought the prior year's leftover which was a demo model to begin with. Negotiated lifetime service (at his age) and talked the salesman into splitting the sales tax on his invoice.
Total savings? Maybe $2,500 for haggling. He has antique toothpick holders worth several times' that sum, each one.
Perhaps there is a lesson to be learned in there somewhere