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Get good legal help, especially if you’re investing other people’s money. People can get very litigious when their money is at stake, and you want to be protected if something goes wrong.

Look for things to invest in or buy that can bring you income in the short-term. Yes, you can buy many things and make money on their appreciation over time (e.g., real estate, art) but what about income next year or next month?

Avoid speculative investments. While there is an element of risk in all businesses, investing should not be the same as gambling. Choose investments that have a high probability of success, even if the rewards are somewhat (or perhaps a lot) more limited than riskier ventures. This is especially true when you are relatively new to investing.