Commercial Real Estate Pro Network

J Darrin Gross:

I'd like to ask you Houman Mahboubi, what is the biggest risk?

Houman Mahboubi  

I think that BIGGEST, BIGGEST RISK is to take on more than you think you can handle? You know, because you don't want to put self inflicted pressure on yourself. There already is daily pressure on the work that you do. I call it good cholesterol versus bad cholesterol, right? So stick to the good cholesterol take on as much as you can handle. Understand, what is the worst case scenario? If your business does fail, you know, are you going to be homeless? Are you going to be fractured and level that you can't function anymore. So as much as it's important to be all in and take every effort or measure to be successful in your endeavor, just make sure that if for whatever reason, like the pandemic Thomas, we think we can troll so much. But on a, you know, molecular level, we're all the same, and we're all equal. And when it comes to things like that we're all you know, one, believe it or not, just know that any endeavor you pursue makes, make sure that if it doesn't go well, you'll still be okay, you know that it's not going to any way change your life for the worse. So don't take on more than you can handle and try to be a hero or let your ego get in the way to say I'm here to do what I meant to do whatever my capacity is, and I will let the universe guide me in that unfolding and for me to do what I need to do. But that's a very good question. Because the risk factor, you don't want it to completely turn your life around where you can function anymore. And I think that goes for investments as well, you know, don't be over leveraged, how much debt are you taking on? You know, what if the picture looks incredibly clear, and there's no way there's maybe one in a million chance that, you know, this thing's gonna fail, but that one in a million, it's one of the decks in the card, one of the cards in the deck that can account make it happen like someone winning a lottery. So don't ever be overleveraged don't ever be a pessimist be an optimist, but just know that if all else fails, are you going to be okay, tomorrow? Are things going to be fine? And if the answer is an implicit Yes, then you know you're on the right track. If it isn't, and you are going to cause damage to yourself and the loved ones, then most definitely, it's not a smart risk to take on.