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  • Writer's pictureHarpreet Thukral

Luxury Car or A Remunerative Asset? What would you buy?



Life is full of temptations. We all go through these, but wise investors look at things slightly differently and I guess, that is the reason why they are able to create wealth. If you are also looking to create wealth, then this one is for you. Fulfilling desires is an important aspect of feeling good and happy, while these small fulfilments are great for the short term happiness and satisfaction, I believe that true happiness is when when you achieve financial freedom. It is not rocket science to be able to do this while not compromising on your desires. Here is what I would recommend to those looking to buy a Luxury Car right now.


The Wise Investor's Mindset - Investing is as much of an art as a science. Most of the avid investors, if you have noticed do not splurge money on frivolous things that give you a better acceptance in the social circles, rather, they build assets first and then use the income from these assets to reward themselves with luxury products like Luxury Cars or fulfil other luxury desires.

We all know for a fact that Luxury Cars are skewed more towards being seen as a liability than an asset. The moment you take the car out of the showroom, you are already loosing a hefty amount on it, try selling a brand new car the very next day and you will find out that your money has depreciated 20% already. While, it is an elated feeling to be riding a luxury car and enjoying it for years to come. Overall, it remains to be categorized as a liability and not really a true asset.


So, what should one do to fulfil desires without compromising on lifestyle needs and live a life that is more satisfying. One of the most interesting ways to fulfil your luxury desires is to create "Passive Income". While there are many ways to create passive income, however, one of the most interesting, easy and sustainable way is to own "Rental Real Estate Assets". These are assets that will continue to give you rental income month after month and years after years.


Why Real Estate passive income is better? Well for one very important reason. Real Estate Assets, while delivering the rental income also grow in capital value over time. So you end up creating an asset that has helped you generate rental income for years and it has grown over the years....Isn't that fantastic?


These Real Estate opportunities keep coming up from time to time, at this point in time one of the most interesting one is to invest in an Office Space at Emaar Colonnade. Not only because it will generate a passive rental income for you for years to come, but also because it is strategically located and poised to appreciate in capital value over the next few years.

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אורח
19 במרץ 2023
דירוג של 5 מתוך 5 כוכבים

Well written!

לייק

אורח
19 במרץ 2023
דירוג של 5 מתוך 5 כוכבים

Totally agree with this. This is Warren Buffett kind of thinking. One of the most respected investors of all times owns this mindset...

לייק
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