Like any traditional business venture, inventing involves spending money to make money. Therefore, when contemplating the commercialization (and monetization) of an idea for an invention, think about all opportunities you have to spend your money and then consider whether it makes sense to invest.

To make a good decision, have a clear understanding of this fascinating and exciting enterprise. Often, people are extremely passionate about their ideas. Although having passion is a good thing, don’t let it cloud your judgment. I’ve seen many lives disrupted by people going all in on a “sure thing” invention, only to have it not be as successful as they had hoped.To avoid unwanted heartbreak, think about inventing as an investment.