Invest in assets like gold or land that add value over time. Luxurious items are fine for temporary pleasure only but not wise. There is no alternative to gold to get fast loan in short time without any hassle.
There are many people who buy expensive cars or excess possessions that do not appreciate over time. But when you need money, you go for a loan, the most you need is gold, the most acceptable for mortgage is gold. Suppose you buy a car with the extra money you have and after a year you need the money, you cannot sell the car for the price you bought it for, in fact you have to sell the property for less than half the price. But let’s say if you had bought some gold at the same price, then its price would have increased over time and you could have easily borrowed money from someone by pledging it. That’s why smart people don’t buy expensive cars or other assets that don’t go up in value but depreciate over time. They buy gold or invest in land. You or gold are assets that increase in value over time, thereby benefiting you financially.
People go after more luxurious things so they spend more money on it but they don’t get any return from it so nothing is more than what is needed is right a little bit more than what is needed is okay but that money needs to be saved as extra or some Investing in space is one of the best ways. I was watching an Indian commercial in the 80’s where two men were deciding to gift some property to their future generations. One of the two men decided to buy a bicycle and with the same money the other man decided to buy a piece of land filled with forest. A scene is then shown 50 years later and the two grandsons of the two men are talking to each other. The grandfather who bought the bicycle is very unhappy because the bicycle has no market value whereas the person who bought the land today owns a lot of money because the value of the land has increased over time. It is the work of intelligence to foresee the future while there is time and make the right decision about it especially where it comes to investment, foresight is a must otherwise no right decision can ever be taken.
