Happy to Hold

Happy to Hold

“Only buy something that you’d be happy to hold if the market shuts down for ten years.” -Warren Buffett

Warren Buffett was probably talking about stocks when he made this statement, but lately I’ve been thinking about this sentiment in terms of physical stuff too. I recently bought a new home and it’s been a big fixer-upper. And although I want to remodel with all the newest trends, I’ve been trying to think long-term and ask myself, “Will I love this in 10 years?”

Do you think about the long-term before making big decisions? Chat with me in the comments. 

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  1. Brent

    Hi Melanie,

    My wife and I can relate. We bought an old 1955 house and never plan to leave it. When people talk about how we could increase the property value we look at each other and grin – because we never plan to leave this house ever! Best part is we paid off the mortgage two years ago. I always try to tell my readers that debt is only temporary because I know what it’s like to be deeply in debt. 7 years ago we were in debt for $250,000 – we sold the big house, sold the vehicles and got real – best thing we ever did.

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