I Don't Understand

Today's post stems from an encounter I had last night while at local Sprint store. I stopped in to see if I could pick up a charger for my watch, so as the guy is looking up my account he notices that I am in real estate sales. He starts asking me questions about the real estate market(as almost everyone does once they find out what I do) and as we are talking be says that his co-worker could buy a house right now and points to him. He says that he didn't though because went out and bought a new car.

The guys says it's true he could have bought a house but he didn't see the value in buying a home and opted to buy a new car instead. Rather than start brow beating him with all of the benefits of home ownership, I asked him about his reasoning for buying a new car. I asked him if there was something wrong with the car he had? He said no. So I asked him why he bought the car if not out of necessity and he said that he bought the car because he wanted the enjoyment of driving a Mustang. The 3 of us laughed, I finished my transaction and I left.

The encounter got me thinking about why most people choose the instant gratification route. I am sure driving a Mustang is fun, but wouldn't it be more fun driving that Mustang with a bank account full of money? Wouldn't it be more fun to drive that Mustang to your house on the Coast?

Today, some people are less concerned with buying a home. Understandably so, here in California it can cost you an arm, both legs and one of your unborn children to buy a house here. Even so, buying a home will still most likely be the best investment you ever make and it doesn't require you to be an investment genius.

All it takes is for you to have a big picture approach and not a mindset of instant gratification.

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