Sunday, July 26, 2009

Changing Views III - Socialists vs. Capitalists

I've always believed in the free market - even before I knew what it meant. It just makes sense though. I didn't grow up receiving an allowance, but as the son of two business owners, I quickly learned the value of a dollar and how incentives worked. My dad paid me to wash the car, and rewarded me for doing chores or helping out during the week by taking me out on Saturday mornings for hot chocolate and donuts.

College was paid for by student loans mostly. My parents did help out a bit my freshman year with dorm expenses. In fact, I just paid my undergrad loans off 2 years ago, just in time to take out more loans on my MBA. I recall a conversation I had with my friend Bryan towards the end of my undergrad years when he asked me why I wanted to get into real estate sales. I told him something along the lines of, "First, because I genuinely like helping people, especially on potentially their biggest purchase to date. Second, because real estate is a nearly perfect market of buyers and sellers. Supply and Demand. It just makes sense. Third, I get paid on a commission - I sell a bunch of houses, I make a bunch of money. What a great incentive to excel."

No comments: