Should I spend my cash, or save it?

[finzyoj]

Below are purely my thoughts, as these things are subjective from person to person, from a social class to another.
I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans) in buying a new car. As for the life style items, it depends if you really need them or not, if you want to buy them just because are fancy then you throw the money out of the window.

Of course! Women would always be on the top of the list . Kidding aside, having a car is quite nice too because through this you can avoid the expenses and struggle which is daily experienced of commuters worldwide (depending on how congested your roads in your country). Having your own car is great because can achiive maximum confort while travelling plus a magnet for hot chicks out there. I think the time when I'm only against with this is when you prioritize it first rather than having your own house, like what you've said, or establishing a business.

Remember that car is considered an asset but could cause you expenses. If you don't have the ability to constantly maintain it then don"t buy just yet.

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[CristianOff]

BUY the land.

5 years ago my family purchased 2 pieces of land in a foreign country where there was nothing but other pieces of land.
One went for €10,000 and the other for €5,000 (one close to each other so we connected them). Things never slow down, other people built
houses there and my family expected it to be a decent investment because it was so close to the city centre. However it turned out to be better than expected.

5 years later the land is worth €50,000 because prices went skyrocket in that area. Houses used to go for €20-25,000 and now
are easily €150,000! It became the best neighborhood apparently. My family sells those lands to the new mayor of the city.
You usually don't earn that much on land but sometimes it happens if you believe in it. Sometimes the economy as a whole can be
a source of wealth.

For reference purposes, this happens in a small village where nobody expected anything to happen. It is in Romania, 50 km away from Ukraine

[franky1]

dont buy woodland. as most cases in the UK woodland is a dead asset and has greenbelt/preservation status where it cant be developed. and the cost to do anything with it ends up being higher compared to a baron field.

better options is brownbelt land that has one property on it, but enough garden/land to expand to several properties. because its brownbelt its already got the permissions to develop on it and already located in an area with close water/electric and sewage utility so costs are low to develop
it can even e demolished in a few days where as felling tree's and chopping them up can take longer/more cost

as for things like copper. that too has storage, security and maintenance costs. oxidised copper is not as valuable as fresh copper so to keep it dry away from the environment for long periods ends up as a cost that eats into any future possible gains.

this is why bitcoin is more unique. after the initial purchase. it costs nothing more for you individually to keep a private key. no maintenance costs, no storage fee, nothing to slowly eat up or rust away your holdings

alot of people dont realise that owning land has ongoing costs. especially the longer you sit on it

if your going to spend money. spend it on things to create more money short term
EG if you have a £160food budget a fortnight from wages

dont spend £160 on luxury food. budget to £60 and then buy things for the other £100 that when sold quickly can get you back more than £160.
that way the next fortnight you can feed yourself and produce more funds and accumilate wealth by not needing to spend £160 from your wages.. but be self sufficiently fed from the revolving £160 investment looking after itself

too many people these days are too quick to spend £1 on a loaf of bread, than to spend £1 on something they can sell for more than £1

[paxmao]

Below are purely my thoughts, as these things are subjective from person to person, from a social class to another.
I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans)...

Of course! Women would always be on the top of the list ..

By definition, investing is sacrificing and immediate gain for a future return, so women don´t belong there. They are marvellous though.

[Jet Cash]

I'm coming to the conclusion that it is best to invest surplus cash on things that will improve the quality of my life, and extend my healthy life span. I'm no longer interested in becoming the richest, I want to be the oldest.

[mrBTCman]

Well, we need money to make purchases. And we actually need these things that can be bought. But investments are the future. So, consider buying only things you really need and leaving some money in form of investments.

[barumbado]

Manage your money wisely.Save the half and spend the rest.But of course you need to be practical and spend it on some valuable things.Need Versus Want,you get me?or at least spend it on something that will give you profit,business,trading anything that will give you earnings.But be carefull,practical and wise.Thats all.