5 questions to ask yourself before investing?
Invest:
Def 1
expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.
Def 2
devote (one's time, effort, thoughts, energy, or anything other resource) to a particular undertaking with the expectation of a worthwhile result.
- What is the minimum desirable objective? What are you solving for?
- What sum of resources can I anticipate expending?
- What is a reasonable expected result?
- What alternatives exist? Is there a different way to accomplish my objective?
- How does this help me accomplish my ultimate goal?
Elon Musk offers his take on how important actively seeking out negative feedback is.
https://youtu.be/R3iagXcrjzU