There was a time when I used to buy jets like buying candies. I had eight private jets of my own. I once tried to sell one of my jets and found that I had lost about 40 percent of what I had actually paid. Then I realised that these toys, homes or yachts, do not add much value to you.
I took the hit, got rid of jets and houses, and reinvested them back into my businesses. I also turned whatever jets and yachts I was left with, into a rental business.
This lesson, appreciating the value of money, was taught by my parents. The strongest reason for my success was the foundation I had when I was young.
Posted by: Ravi Narasimhan <email@example.com>
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