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One of the best pieces of financial advice I’ve received was from the very successful businessman Theo Onisforou. He told me when I was in my early 50’s that ‘usually when something is too good to be true, it probably is’.
Unfortunately, I didn’t listen but I wish I had. I’ve engaged into business deals that seemed too good and sure enough – they failed.
I now share this principle with everyone as think it would have saved me many troubles.