Learning Pays – Paying For Your Investment Education Or Doing it Yourself

It is perhaps a weakness of humans that we always think someone else knows better. Is that why many people are persuaded to hand over more than $ 5,000 to learn one area of ​​investing that is quite learnable through other (less expensive) means? This could also explain why around 250,000 Australians have been persuaded to buy new units at over-the-market prices (mostly on the Gold Coast) in the last ten years through over-hyped free seminars.

True, some areas of investing are complex. Take wraps (vendor finance) for example. Get this deal wrong and you could be left with a house valued at less than the market price or some type of legal entanglement. It would pay to learn about the ins and outs first.

Often what draws us into expensive education is the notification that certain people hold the 'secrets' to wealth and passive income, and we want to know the secrets too. They have created massive wealth themselves (usually a by-product of their shepherd persistence) and now they teach others. This topic is divided, but here is one helpful opinion from Michael on property investing.com forum:

There are many seminar spruikers out there that purport to do many things. I've reiterated the necessity of doing some solid due diligence including asking for student references from those who've successfully used the strategies being taught (and be careful that is not someone in the direct employ of the company) and have a solicitor go over any JV (that is, Joint Venture) agreements to ensure your position is protected and that you have legal recourse in all instances, especially in things like profit splits, responsibilities, liabilities and that its clearly documented in all areas. "

Others believe that $ 5,000 and ongoing costs is money well spent to shorten your learning curve. The course the forum was discussing was a property options course, and one gentleman commented that a good property lawyer with knowledge of options could explain it for a fraction of the cost. There is also a book / CD on the subject, Options Made Simple, by Rob Balanda.

I do not believe that education will prevent you making mistakes as you go from novice to expert investor. Any path to wealth is one negotiation with steps backwards as well as forwards, and it is your response to these challenges that really determinates your ultimate level of success. Read up on any multi-millionaire and you will find that they failed at least once before they had major success. With all his great mentoring from his Rich Dad, even Robert Kiyosaki had to close his once successful surf business, and start from nothing again before he went onto success in training and wealth education.

On the other hand, it is important to get some knowledge before jumping in. For example, as a novice I might be buying a big block and thinking of doing a subdivision. In my research, I would buy a comprehensive manual on subdivisions, search all the …

How to Score High for the USMLE Step 1

You worked hard for your basic sciences and now you need to pass the USMLE Step 1 with a kickass score. Fortunately, the resources required for the Step 1 is not as a vast as the Step 2 CK. It all boils down to two resources: USMLE World question bank and the First Aid for the USMLE Step 1 book.

The resources overall:

Dr. Najeeb Videos

Dr. Najeeb videos is gold and I think when you do not know anything, you should start watching those videos first before trying anything else.

Kaplan Videos

Kaplan videos are very comprehensive, but they waste a lot of time reading off the slides to you instead of drawing things out like Dr. Najeeb. The Behavioral science section for the Step 1 is perfect which provides excellent explanation of Ethics and Biostatistics.


Dr. Sattar, from University of Chicago, does a great job smoothly explaining the pathology behind every diseases. He offers an online video course and book to follow along.

First Aid for the USMLE Step 1

This should be your bible for the Step 1 as it has an outline for 80% of what will be on the test. Remember this is not a book so you can not just open it from page one and expect to read it smoothly to the last page. However, make sure you write all your notes on this.

Doctor In Training (DIT)

This DIT course is excellent if you can not figure out how to use First Aid for the USMLE Step 1. This course helps in going back and forth and how and what to annotate on the book to fully understand each and every concept.

USMLE World Question Bank

USMLE World for the Step 1 is the ultimate resource which is a must. It is the most difficult question bank I have ever used but it helped me get a good score on the test. This question bank should be done simultaneously as you are doing DIT and reading the First Aid book.

These are the resources I used and I scored a score higher than the national average for the USMLE Step 1 . It's up to which resources you will use to study for the exam; however, you should note that USMLE World question bank and the First Aid for the USMLE Step 1 book is mandatory to use. This test is not easy and it requires a lot of time and effort so you have to be fully committed to this test, as in you should breath, dream, and live this test. …

Work / Life Balance – Are You in Control?

Do you have balance in your life? Do you work too much or play too hard? Is it simply a matter of choosing between the different dimensions of your life? Making that "either / or" choice and calling it balanced? When you think about the dimensions of your life, do you think of the different roles that you must play in life? More often than not, we think of ways to separate our roles, employee at work, mommy and daddy at home, community activist or Little League coach in the community. The funny part about this is that all of these roles represent who we are. Our roles grow out of our values, principles and life missions and become the channels through which we live, love, learn and leave a nationality.
So what's the answer to achieving the balance we seek? According to many of my clients and most people "time" – or lack of it – is the main culprit: "If only I had more time, I could do everything and put my life into a perfect balance." While time management can be a serious issue, it does not have to be a barrier to happiness. Not putting the effort and commitment into establishing a clear path to your mission, vision and values ​​are greater obstacles. The issue is not balance; it's establishing priorities. Priorities do not bring perfection into your life but they do help you to gain better control over life's issues.

George Bernard Shaw wrote, "If you take too long in deciding what to do with your life, you'll find you've done it."

What can you do differently to begin to establish your priorities around your personal values ​​to feel satisfied at home and at work? Try these exercises to focus your career planning and life thinking – yes, you have to do the work to get to your goal!

1. Write down your ten favorite activities, the ones without which your life would feel robbed. Does your career choice allow you to do your favorite activities on a regular basis?

2. Write down the top five goals you want to accomplish in your career. (Think money, fame, impact, contribution and more.) Your selected career must enable you to reach these goals.

3. List everything you'd like to do in your lifetime. These lists can run several hundred items. Does your chosen career choice allow for the accomplishment of your dreams or are you just dreaming?

You are the steward over your time, talent and resources. Now is the time to begin to balance between your inner life and your outer desires. Synergy or balance comes when living, loving, learning and leaving a legacy grows together. …