Wednesday, May 30, 2012

The $20,000 Trailer House $40,000 Truck Syndrome

The house is worth about $50,000. That truck, though . . . well it listed for $70, but he got it for $65,000. They needed it to tow the fifth wheel camping, but that would keep them from being able to bring the boat along. So, they bought a new truck for his wife (yep, for his wife). He can even roll the Harley up in the truck bed before they hook up the boat. The twin four wheelers (for the kids), have to stay at home, though. So, they are spending $50,000 on the only thing of lasting value, and $200,000 on rapidly depreciating stuff.

This world is designed to proliferate the $20,000 Trailer House $40,000 Truck syndrome. Both retail sales and hell benefit greatly from it. Don't pick on this family. Even if you're a sound financial investor, most of what you are investing in will not last forever. Remember, one day you won't need all the stuff out in the yard, under the shed, and in the retirement account. One day, you won't even need the house, but you'll still want some place to live. And on that day, you won't be thinking about the next 10 or 15 years. You'll be thinking about eternity.

So, follow God's eternal investing advice, and "Don't collect for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal. But collect for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves don't break in and steal. For where your treasure is, there your heart will be also." (Matthew 6:19-21)