House or Business

You have enough money to purchase either a house or business. Which would you choose to buy? Give specific reasons to explain your choice.

Whether someone wants to purchase a buiness or a house would be different for different people based on their age,employment, risk tolerance,location and family situation. I would like to purchase business for may reasons.

Firstly, business generates higher income than that of house. House generates rental income however most of the time the owner end of spending most of the money in maintenance, property tax,association fee (if any), mortage interest,etc. So there is very little or no profit from rental income. The same may be true in buiness as well, but it might be only during the initial period. Over long run, once the owner establishes customer base, the buiness may be more profitable.

Second, business can be expanded to increase the revenue. Once business is established, it can be expand its horizon to generate more revenue. For example, FexEx and McDonalds started very small and later they turned into multi-billion dollar corporations.

Last but not least, business gives employment for the whole family. Also you can work at your own time and no need to afraid of your boss.

In conclusion, by having our own buiness, gives both satisfaction, growth and income.