What’s on your bucket list? Have you ever dreamed of buying an antique car? Or better yet, inheriting one? An old roadster or classic convertible would fit the bill for me.
I never dreamed I’d have the opportunity to drive my dream car. But recently, through a friend at church, I found myself with the keys to his neighbor’s 1971 Mercedes convertible for a day. My surprised wife and I took it for a spin on the Blue Ridge Parkway to explore the fall colors. Another item off my bucket list! And right in the midst of COVID.
Seriously, this was a lot of fun. And dreaming about it in the days leading up to it was half the fun. I found myself calculating what it might take to permanently park this baby (or one like it) in my garage.
Then I drove it for about four hours. We had a great time. But the trouble started before we turned the key when we looked for a place to set our hot coffees. I guess they didn’t obsess over coffee 50 years ago. No worries.
Then we tried the radio. AM Jam. And what was that burning oil smell? Oh, and the seatbelt had this special way of latching. And…
You get the picture. We loved the time on the Parkway that day, but my desire to drop more than the price of my first house to get this car evaporated like the dew on the grass that morning.
Sometimes our bucket list items are like that. And sometimes our investments can be, too. If you’re jumping in the real estate game later in life, I’m guessing you’ve got jitters thinking about what you’ll be investing in. I still have those myself, and I’m entering my third decade as a full-time real investor this month.
I’m not writing to tell you what to invest in. Or what to avoid. (Necessarily.) But I want to give you a few thoughts on what I and some others have found helpful when starting later in life.
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