Every single person on earth dreams of a time when money is not a limitation to how many things they can own or how much they can spend on themselves and their loved ones. Sometimes, we even wish we had never experienced poverty, because that would mean that we could afford everything we want. Unfortunately, our reality remains different from what we wish for, and that is the reason many of us continue to work hard at our jobs and businesses just to ensure that we earn more money, get promotions, and possibly hit a milestone that will bring our dreams closer in a few years.
Most of us have also sat with ourselves, thinking about the many things we would buy and tick off our bucket lists if money were not a problem. I'm not an exception. Whenever I am asked what I would do if I had access to a huge amount of money, a few things come to mind. But if you asked me today what I would buy with a significant amount of money, I would say land.
Land is something that some people in different communities in my country were fortunate to inherit without having to pay a dime for it. On the other hand, many people have had to use their hard-earned money to purchase it. Even those without the means hope to own a piece of land someday, largely because of the value it appreciates over time.
Land is an asset that can be used in many ways. While it is common for people to buy land for building personal homes, rental apartments, or companies, my main aim would be to treat it as an smart investment. If money were not a problem, I would buy about 10–15 acres of land in a good location within the city, preferably close to the roadside, since such locations have higher resale value compared to those that are situated farther from the road or behind other buildings. I would then rent out the space to farmers involved in large-scale agricultural production, as well as to individuals or businesses that require open space, such as food truck operators, car mechanics, or even a church planning to use a tent for their programs.
This rental arrangement would last for about four years, during which I would earn annual income from all the occupants. By the fifth year, the land would have appreciated by at least 30%, meaning that my investment would have reached a stage where the returns from those 10–15 plots would be significant enough to resell to buyers. The capital realized would be used to purchase more lands in another location, while I channel the profits into personal development and empowerment of my friends and family.
This particular investment with a huge sum matters to me because it is a smart financial decision with the potential to turn me into a millionaire as long as I commit to patience. For this investment with my money, there would be no need for constant marketing, or significant maintenance costs. Lastly, the more land I own for resale, the more I become known to influential buyers, which in itself becomes another opportunity that can grant me access to wealthier networks and channels of making more money.
This blog post is a response to the India United weekly prompt, which you can find Here for your timely participation.
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