All he said was that he talked to his neighbor, and his neighbor told him it was a bad deal. He was paying too much.
I asked Richard if his neighbor was an investor. Richard said no. When I asked why he listened to him, Richard got defensive and simply said he wanted Tiffany Money Clips to keep looking.
The real estate Tiffany Key Rings market in Tiffany jewelry Phoenix turned, and by 1994, that little unit was renting for $1,000 a month-$2,500 in the peak winter months. The unit was worth $95,000 in 1995. All Richard had to put down was $5,000 and he Tiffany Earrings would have had a start at getting out of the Tiffany Cuff Links rat race. Today, he still has done nothing. And the bargains in Phoenix are still here; you just have to look a lot harder.
Richard's backing out did not surprise me. It's called buyer's remorse, and it affects all of us. It's those doubts that get us. The little 1 chicken won, and a chance at freedom was lost.
In another example, I hold a small portion of my assets in tax lien certificates instead of CDs. I earn 16 percent per year on my money, which certainly beats the 5 percent the Tiffany Charms bank offers.
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