Good advice ... not taken.

[dud]

Have you ever given or received advice that was discounted that ended up (in the end) actually being good and sound? If so, mention the advice and the consequences that ensued because of ignoring that advice.

My case:

5 years ago a long-time friend saught my advice on investing some funds into a rental property. At that time the real estate market in Florida was booming and she wanted to get into an investment rental before she was priced out of the market. I advised NOT buying because of obvious reasons which eventually came-to-pass. She paid well over $200K for a small house in a nice neighborhood. Fast forward to early 2011 and she has short-saled the house. During the time she owned it the rent failed to cover her expenses, resulting in a negative cash flow of about $600 per month. The bottom line is that because she ignored my advice she lost about $120K on her "investment".

Your story?

 

[edro]

Advice to do something is easier to ignore than advice not to do something.
Action takes effort and is easy to ignore.

Your friend just fed into the real estate frenzy and couldn't hold back.

I'll think of a story and post later.

 

[Texashiker]

Good advice ... not taken.

In 1986, my parents asked me to reconsider marrying a certain woman, I should have listened. Years later she went nuts, we divorced, and I have been paying child support for the last 10 years.

Only 3 more years of child support (my last child is 15 years old), then I am done.

Total cost of child support should be somewhere in the $60,000 range for about 13 years of payments.

But on the flip side, I have some good kids.

 

[rudder]

Yes, but I cannot talk about it.

 

[AyashiKaibutsu]

All long term advice given to me by others has ended up being a huge failure. Not that it's impossible to get good advice that's just how my life worked out.

 

[geecee]

"Say yes to the epidural."
(to a pregnant friend and her husband a month or two before her due date when they said they were going the natural childbirth route).

 

[Texashiker]

"Say yes to the epidural."
(to a pregnant friend and her husband a month or two before her due date when they said they were going the natural childbirth route).

"Say NO to the epidural."

There are too many long term side effects to justify messing with someones back.

Almost 30 years later, my wife has chronic back pain where the epidural was inserted. And my wife is not the only person we know that suffers from back pain at the epidural location.

Is it "really" worth several decades of back pain to avoid a couple of hours of labor pains.

Never, ever, let anyone touch your back unless its absolutely necessary.

 

[slag]

"Say NO to the epidural."

There are too many long term side effects to justify messing with someones back.

Almost 30 years later, my wife has chronic back pain where the epidural was inserted. And my wife is not the only person we know that suffers from back pain at the epidural location.

Is it "really" worth several decades of back pain to avoid a couple of hours of labor pains.

Never, ever, let anyone touch your back unless its absolutely necessary.

My wife has had 3 epidurals, one for each kid. ZERO issues. As with any procedure, there can be issues afterwards, but as a rule, epidurals are mostly foolproof.

 

[Texashiker]

My wife has had 3 epidurals, one for each kid. ZERO issues.

Did she have a C-section with any of the kids, and was she able to breastfeed?

 

[rasczak]

yes and my wife reminds about them everytime we need to make a decision about something together. i fully deserve it too.

 

[Tsaico]

I was told not to be friendly to my tenants and keep it 100% business. I wasn't like best friends with them, but often asked how they were doing and how the kids were adjusting, etc. Anyhow, ended up spending more on "amenities" like installing basketball hoops and auto property lights, better plumbing hardware like faucets and toilets and such. Had I kept my relationship with them I would have kept it strictly a money decision and would have some more money in my pocket at this point in time.
I don't know how much happier tenant is vs had I left it just functional. So while not a disaster, these kinds of things add up. New tenant is not going to get these kinds of requests.

 

[HAL9000]

Nope not really, if someone gives me good advice I tend to go with it straight away, I don't disregard good advice as far as I can remember.

 

[GuitarDaddy]

I told Tiger Woods to keep his little head in his golf slacks and quit chasing blonde bimbos expcept the one he was married to. Of course he didn't listen and look where it got him

 

[Gibson486]

Well....it's kind of hard to know whether or not it is good advice until time passes....