I was checking the company’s equipment and assets when this memory of a conversation popped into my head …
A while ago I was driving a couple of friends around in my car. They got to talking about investments and buying houses and the like. I then got asked the question:
What assets do you own?
You are sitting in it.
Ok ok ok, all you nosey-parkers, kay-poh-chees and prospective wives, here’s my explanation. I have limited amount of cash because I took a big sum out to start the restaurant. My parents have two houses – I’m living in one of them. Buy a house for what?
I hear you say, “investment?” I know I can take out a loan to buy one. But that would mean I have to look for an appropriate house to buy. Then find someone to rent it and I would have to pay to maintain it. All that on top of servicing the loan. Shite, I rather not have the stress.
Yes I know I can get an agency to do all the hard work but that would eat into my investment so what’s the point? I am not gonna buy a couple of houses just to make it worthwhile.
I would rather invest in a fund of some sort than to own property. But again, I don’t have enough to make a sizable return so most of my cash is now in a high-interest account.
For the moment I like the flexibility that I have with my money. And if I have any extra, I can always give it to the family and the business. Strictly speaking I guess the business is an asset. When we sell it I will get a lump sum back from what I’d put into it. Ok then, so I have two assets: my car and the business.
Prospective wives, if you are still interested please send your photo, measurements and a short-bio to: firstname.lastname@example.org. 😉