This was a joke that we did in the office about the purchase of certain cars, to refer to a bad business to have a particular brand: buy a car that gives you two joys brand when you buy and when you sell . And sometimes we become so obsessed about certain things or possessions that we lose perspective. For example many people who long for a cottage or apartment on the beach, a boat to go fishing on weekends and holidays whole.
That seems to be the desire of many people, seeing in it the culmination of their dreams of upward mobility. And at first the new acquisition may fill us with joy, but it is likely that eventually we end up bored and weary of the ritual of the weekend going to the same place and same house.
Spend more than you believe, in fact when we are full all the excitement we see in relation to that acquisition is positive, but spent the time and emotion, which caused us so today we alaegria creates great distress due to in many cases this empty house has become a real headache.
If you’re one of those people who have some property for recreation, remove accounts. Many of these properties in relation to what it costs to their home in the city can be inexpensive, but ultimately it is money that is unproductive, it is a building that is deteriorating due to lack of use and is also a constant concern for the care and maintenance.
Continue taking accounts and see how could you do with that money invested in other financial instruments or other property in a different place.s
Thousands of apartments, beach houses and country, who are alone in many countries because they are temporary and rarely they can get an income without you run the risk of damaging it or rent it will cost you more to have it empty.
About many of the extravagant possessions that sometimes we have a boat, a jetski, a few ounces, and so on. Unless you’re a fan of any evidence of these sports and equipment, most likely in months, bored with their purchase.
To avoid falling into this type of unproductive expenditure, but not like it, many expenses are not-it is good before falling into the temptation to make these purchases very well take the math: think how much it would cost to get the same service or pleasure without actually pay a lot of money.
For example, a cottage or beach it can be replaced by rent and / or visit to an inn, or a beach resort, where the low pay in relation to own property, enjoy all the services without any additional concerns non-payment of stay.
If anyway you like to pay for vacation is not a good business and still determined to buy a house for holidays and / or weekends, try to buy something small, the maintenance is not as expensive, located in an area of demand for the sale to be quick when you decide to get out of this.
At the time of sale, avoid emotional attachments and think that the price of your property is what the market is willing to pay. The greatest joy in financial matters is control of our personal finances and not to make unplanned expenses.
And if you are someone who loves going on holiday, the method of a friend of mine can serve: to invest in hard-currency denominated bonds or similar instruments and fixed income securities and use the interest payments for travel.
Maybe to financial experts in the long run this is a bad business, that the devaluation, but if we’re going to see is a smart way for recreation and in the end we are left with our capital to enjoy our old age retirement or, if inflation allows.
In any case, brings more joy and less headaches to have a single house in the countryside or the beach. Regards