This is the best investment you can make.
What could be better than stocks, bonds, real estate, crypto AND private equity? Read on to find out.
When you hear “investing” you likely think of some combination of stocks, bonds, real estate, and index or mutual funds.
Maybe you think of the automatic contributions you’re making to your 401(k) each paycheck. But that’s not what I want to talk about today. Don’t get me wrong, that’s all important and I think it’s awesome that you’re investing in your 401(k).
But are you investing in your family?
I recently met a successful realtor who sells high end lake homes in the Upper Midwest.
She said that every time one of her clients buys a new property, she congratulates them with the exact same phrase.
“Congratulations—you’ve just made an investment in your family.”
Because to her and so many others, that lake house isn’t just a piece of property.
It’s a gathering place for friends and family. A place where old stories are told and new ones are created. And most of all, it’s a place to spend quality time with the people you love.
Well damn, I thought—I can’t afford to buy a lake house—at least not yet.
But the beauty is, I don’t have to buy a lake house to invest in my family, and neither do you.
Investing in my family can be as simple as taking that road trip we’ve been talking about or going out to breakfast together on a lazy Sunday morning. Or it could mean leaving work early to catch my kid’s sports game, or turning down a job that would require travel away from home.
There are many ways to invest in your family, no matter your means.
Some of these investments cost money—like taking a family vacation, reducing your hours at work to spend more time with your family, or going out for breakfast. But some are free—like setting down your phone to listen to a story your spouse is telling you, going for a family walk around the neighborhood, or taking your kid to the park.
But, just like buying a lake house, these are investments that you’re making in your family.