When people think of saving, their first thought is to pull out a piggy or deposit money into a savings account. Or they might ask a friend how to invest in stocks or bonds, or get into buying real estate. But this isn’t the only way people can put their savings on steroids. Think outside the square when it comes to saving.
Today we’ll take a look at some of the everyday items you can buy which will prove to be good investments in the long run.
An Expensive Watch
Blowing money on an overpriced watch to save money might seem crazy but hear me out. Buying an expensive watch is not a fashion statement – it’s an investment. Some watch brands such as Longine, Rolex and Pater Phillipe increase in value over time. This is true for certain discontinued models. That’s because they become more rare as time goes on. The best part about this strategy is that people have been doing this for years, if not centuries. This also means you don’t have to buy a new watch. There are many online marketplaces for luxury watches, like this one. You can secure yours for a fraction of its retail price, yet still accumulate value well into the future.
Custom furniture is another investment which will net you savings in the long run. Think beautiful idiosyncratic furnishings in the short term. If you’re in doubt, take a look at Marc Newson’s Lockheed Lounge. This is a 20th century statement piece with the staying power to last a lifetime. Ditch the IKEA-quality bookshelves which will no doubt fall apart in a couple of years. Instead, opt for robust, tasteful investment pieces that will look as good half a decade from now. At first, this might seem expensive, but again, this is a long-term investment. You’re paying for creativity, ingenuity, high quality materials and vision. In the future, someone will be happy to pay more for the same piece.
This one is for the super nerds out there. You may still have a stack of comic books from when you were a kid. If you did, check through them to see if you have any super rare editions such as a Superman No. 1. If you find that you do, vacuum seal this relic and put it in a bank vault. It’s worth thousands! But if you don’t, it’s never too late to invest in comic books. This is great way to meet your inner geek. You’ll also invest money in a lucrative and worthwhile venture. You’ll need a critical eye to know what to look for. But if you’ve got the patience and money, you might be sitting on a goldmine.