Take Care of Your Investments

As I was painting my wooden deck furniture last night I got to thinking (must have been the fumes). This furniture is 21 years old! Then I thought about the van I talked about yesterday that is 14 years old. And then I thought about the mower I traded in this year that was almost 25 years old. Now, not everything that I have is old, but the things I purchase do seem to last. I buy well made items, and then take care of them. And they “pay me back” with many years of useful service.

Although these items are not stocks and bonds, they are investments. I have spent money on them. I want my monies worth. By spending a little time researching and buying well made items (not necessarily the most expensive), and by spending the time to maintain and take care of them, the items last.

In this era of get rich quick and throw away goods, going against the flow and staying in for the long haul, whether it be in stocks or deck furniture, is the way to go. Wealth is built slowly and in spending wisely.