Money, the goal or the means?
5th June 2018
Many years ago, a wealthy uncle from Kenya told me money has no friends or family. As time has gone on this saying, unfortunately, becomes more and more stronger in my mind with the evidence it gathers.
There are those who even distort reality, so it will fit with their perverted agenda. Some do this subtly, and some outright grossly. In other words, they lie.
Money has become their god, they will lie and serve it, without any consideration for anything else. Health, family, relationships, and even their own sanity, are all sacrificed at the altar.
Not all are like this, but most of the population are. There are the few rare souls who hold principles above money. Money will come and go, but they hold their word and principles above all else.
You will not see this reality when you make money together, you will see the true reality of this when things don’t go to plan and you lose money together. The lower natures come out, right to the top of the surface.
People whom you have known and traded with turn on you.
Even that, I do not have an issue with, however, I do have issues when fantasies are made up and an attempt is made to make them real.
We are supposed to pursue money in order to live a fuller life. The aim of life is not meant to be in the pursuance of money, unless you are a very sad individual.
The reason why we invest in property is a means to make money, the reason why you should make money is for sustenance and a more bountiful life. The issues arise when money becomes your end goal, an end in itself, and not a step to a higher place.
Up until recently, all of our ‘short term’ transactions have made money. However, in recent years, a few ‘short term’ deals have become wobbly. One resulted in a loss and another two are in the process of becoming stabilised, both projects which I cannot foresee any further issues with. We have become stronger and wiser because of this experience.
This experience has also separated the chaff from the wheat, in terms of who we deal with, and made us realise the value and worth of individuals who are still with us and continue to trade. These are not necessarily the wealthy ones, but ones who value intentions and integrity above money.
Regarding our ‘longer term’ buy to let deals, we have never sourced a property for a client which has made a loss. A large part due to the location, local knowledge and due to the nature of property as an asset class.
For me it has been an interesting journey, which has allowed us to streamline our focus and strengthen it.