November 17, 2008

Is your boat a good investment?

A couple of years ago, some of my clients decided to postpone buying their dream boat after talking to their accountant and investment banker. They had been told that it was not a good investment at all.

Two years later, as the economy is in a downturn, my friends realize they did not enjoy their money at all. They lost most of their investment. More than the value of the boat they were thinking to buy. They could only check on their investments from time to time on a computer screen, which sometimes brought hope, and sometimes brought them fear and stress. It neither provided happiness nor fond memories.

Isn't it amazing what human can do to themselves?

I am not talking about the average American breadwinner struggling to make the rent. I am talking about successful businessmen, bright, hardworking, and creative people. They forgot something: that the best investment is in yourself, your family, your friends, your memories, your well being, and your inner peace.

Boats are all about that.

Invest in the quality of life. Invest in your dream and memories.