I grew up in a family with eleven kids. My dad was an orthodontist. How else could he afford to raise that many children?
Being a doctor he was always inundated with different investment opportunities. I remember one investment in particular. Dad had joined some family friends in purchasing a cattle ranch located near the tiny town of Payette, Idaho.
It was years later, when I had entered the financial planning field, that I was talking to Dad and I asked him how that cattle ranch turned out as an investment. He told me that they broke even on the cows and they made money on the real estate.
I said, “Dad, that was the best investment you ever made.”
You see, when our family would go to that ranch in the summer time, we would float the river, ride horses, motorcycles, play with the cows, hunt, fish. In the winter time we would go tubing, snowmobiling. There was even a hot springs nearby.
I said, “Dad, that was the best investment you ever made.”
From that experience, I realized that there are certain types of assets that have a value component to them - they may even bring a financial return. But often these investments – Funvestments, as I have come to call them - are driven more by passion, fun, fulfillment, or family memories. Things like recreational real estate, vacation homes, boats, yachts, planes, jets, collectibles, art, cars, etc.
I've been enamored ever since by the idea of Funvesting and decided to bring together, in one place, all the financial, tax, and planning strategies that will enable people to purchase, use, and transition (as well as ENJOY) their enjoyable assets.
That's Funvesting!
Being a doctor he was always inundated with different investment opportunities. I remember one investment in particular. Dad had joined some family friends in purchasing a cattle ranch located near the tiny town of Payette, Idaho.
It was years later, when I had entered the financial planning field, that I was talking to Dad and I asked him how that cattle ranch turned out as an investment. He told me that they broke even on the cows and they made money on the real estate.
I said, “Dad, that was the best investment you ever made.”
You see, when our family would go to that ranch in the summer time, we would float the river, ride horses, motorcycles, play with the cows, hunt, fish. In the winter time we would go tubing, snowmobiling. There was even a hot springs nearby.
I said, “Dad, that was the best investment you ever made.”
From that experience, I realized that there are certain types of assets that have a value component to them - they may even bring a financial return. But often these investments – Funvestments, as I have come to call them - are driven more by passion, fun, fulfillment, or family memories. Things like recreational real estate, vacation homes, boats, yachts, planes, jets, collectibles, art, cars, etc.
I've been enamored ever since by the idea of Funvesting and decided to bring together, in one place, all the financial, tax, and planning strategies that will enable people to purchase, use, and transition (as well as ENJOY) their enjoyable assets.
That's Funvesting!
