Posted by Rajiv on October 17, 19102 at 06:50:41:
Money can't buy you love-so goes a song.However, money can fulfill many requirements of a human being.Food, shelter and clothing are some of the basic needs that money can buy.One can also invest money in business or even in financial instruments.This invested money earns more money.So, both buying a house and buying a business are good use of money.
However, I would prefer to buy a business rather than go in for a house.My logic for this choice is simple.Money invested in buying a business would be a better investment.As the business grows, so does my money.And probably i would be able to buy a house with the money i earn through my business.So, buying a business would enable me to buy a house also.On the other hand, buying a house would not enable me to buy a business in any way.The money would be gone and that would be the end of it.
But before buying a business it would be necessary to look into the health of the business.I would have to ensure that the business has potential for growth and that it would be a good investment.It would be suicidal to invest in a drowning business.Buying a house would appear to be a better choice in this case.
To conclude, in my opinion it would be better to buy a business if one is ready to take the risk.Otherwise the safer option would be to buy a house.