|
People mess up with debt. I mean. Not the same to have debt to buy assets that produce cash flow that assets that eat your cash. Then, a €70.000 car, or $70.000, I don’t mind, bought on instalments is not a means of transportation: it’s a sentence with a steering wheel. It might have 300 horsepower, that new leather smell, and a logo that turns heads at traffic lights, but at the end of the day, it’s still just that: a burden you carry with you everywhere. ​ The perfect symbol of financial freedom you don’t have but desperately try to project. ​ Think about it. ​ Most people don’t buy an expensive car because they need it. They’re not buying transportation. They’re buying social validation. ​ And they’re doing it at the worst possible price: by going into debt for years. ​ This isn’t about rich people who can afford these cars without blinking. We’re talking about people making less than €2,000 a month signing up for 8-year loans just to get behind the wheel of a BMW because they think it’ll make them look successful. ​ They’re wrong. ​ All they’re doing is killing their freedom. Their ability to say “no.” To walk away from a job they hate. To have the mental space to think about something other than, “Will I make it to the end of the month?” ​ That’s what you’re really buying when you sign a loan for a luxury car. You’re not buying wheels. You’re selling your peace of mind. ​ You may look prosperous, but behind closed doors, you’re living on the edge. ​ Think about it (again) ​
And the sooner you see it, the better. ​ True wealth isn’t shown. It’s felt. ​ And if you want to incur in debt, without having to show up… and feel wealth, I show you this door. ​Is this piece of real estate a good investment​ ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
By the answers of yesterday’s email, I see that people love Canada. I do. So here you are more meat. Montreal… or as we say in Montreal… Montréal. Early 2010s. Project: McGill University Health Centre (MUHC) PPP Value: ~ CAD $1.3 billion Model: DBFM Canada again. Sophisticated market. Experienced advisers. Polished risk matrices. I was there practising kung fu and delivering infrastructure. The goal? Deliver one of the largest hospital redevelopments in North America through PPP. And make it...
Toronto. 2015. Project: Eglinton Crosstown LRT. Value: CAD $5+ billion. Model: DBFM. Jurisdiction: Canada — the global gold standard of PPPs. The agency wanted efficiency. Faster procurement. Faster close. Cleaner risk transfer. Put a medal in the chest for opening the day before election day. So they did what PPP manuals love to say: “Allocate risk to the party best able to manage it.” That sentence has probably financed more claims for lawyers than any other in infrastructure history....
This is the key question that made his face change. Last week. A mentee. Shocked by a very simple question. Look, I’ve seen through the years people living in a cage. Of self-imposed believes and limitations. You can blame your parents, your wife or husband, society, the lefties, Bad Bunny or Donald T. Whatever. These limitations, self-imposed, are holding you back. If you believe that it’s impossible to multiply by 10 your income… You’ll miss the opportunity of letting your brain being in...