|
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 👇
“Surely the English hate me, but the Scots love me… and that’s what matters.” — Diego Armando Maradona There’s an immortal lesson in that sentence. You’re not going to be popular defending PPPs. Pushing PPPs. Loving PPPs. Delivering PPPs. Or being the one in the room who actually understands them. And that’s fine. Because this isn’t about popularity. It’s about outcomes. Think of: the banks the equity providers the consultants …and yes, the taxpayer When PPPs are done right, they work. When...
“I’m a PPP freak.” That’s what I told a client last week. Then I killed the deal in 30 minutes. “But this is not a PPP project.” No model. No workshops. No 200-page reports. Just experience. Because after you’ve seen enough projects, the disasters, the political theatre, the “too good to be true” bids… you start seeing patterns. Fast. You don’t need months. You need clarity. 30 minutes is enough to know: if a project is bankable… or dead on arrival if the contract creates value… or prints...
2012 Kenya. Elections coming. Security concerns rising. Investors… nervous. And still… The Lake Turkana Wind Power Project pushed toward financial close. 310 MW. One of the largest wind farms in Africa. Remote. Very remote. No proper roads. Weak grid. Logistics… borderline insane. Ideas such as domesticate zebras on the table… This wasn’t a project. This was a bet. And the closing? Just what I love… Pure tension. Lenders asking for more guarantees. Sponsors juggling political risk. Government...