If you ask anyone that, what he/she will buy when his Salary will be increased by his/her employer? – A Luxurious Car on Finance or Financial Assets such as Stocks, Bonds, Gold, Mutual Funds, Real Estate, Art, Web Properties…etc?
Most will say that, They will buy a Luxurious Car. Do You know why? Well, because most of the people want to look cool and rich. But Remember, You are not what you Drive, But you are what you accumulate.
The only problem with luxurious cars & Motor vehicles is that, they are the ultra-fast depreciating items. They will depreciate in its value much much faster than anything else in the world. So a Newly bought Car will loose over 60% of its value within first 4 years. While Wealthy people are those who instead of buying a Car, will invest in Assets. They spend their money behind acquiring assets such as stocks, bonds, gold, real estate, businesses, Art, Web Assets (Blogs, Forums, Websites)…etc…
The Excellent thing about Assets is that, they will appreciate in its price over the time. If today you invest money in stocks than after 4 years it will be almost doubled and if not doubled it will definitely appreciate anywhere between 20-100%. In contrast, a newly bought car will loose over 60% of its value within first 4 years…..!!!!
So if you want to be Rich, Financially Free & Wealthy, than you should start acquiring assets out of your money rather than depreciating items such as cars. Typical Wealthy People can maintain their current lifestyle for years and years without earning even one month’s pay. While a Most of the people will not even afford their Car Loan Payment if they don’t receive one month Paycheck…!!!!
So Now, you decide that what do you want to Buy?….A Luxurious Car or Financial Assets?…!!!
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