Time and time again, we hear people that are pondering purchasing an RV state, “I want to get the right one as it is a large investment.” When these statements, or similar are made, it almost always brings comments, like “An RV is not an investment, it’s a depreciating asset.” These exchanges are fairly common on RV forums like RV.NET/Forums. So, who’s right here? Well, an investment, at least a financial one, is generally made to grow or increase the value of those funds and get a financial return. At the outset, it would certainly appear that the “nay sayers” are in fact, correct. So let’s look at those that still refer to the purchase of a recreational vehicle as an investment.
Well, the purchase price is generally a substantial amount of money. Also, as pointed out by the other side, the financial value will decrease, not increase; that is a guarantee. But, does an investment’s return have to be measured in currency? Perhaps not. According to the Encarta Dictionary, the meaning is not confined to necessarily being a monetary return as can be seen on this link. There are other valuable things that may well qualify. Perhaps it may provide big dividends in the form of a better lifestyle, a family unity, a healthier way of life or more.
The word investment originally was used solely to describe a financial security investment placed mainly to make financial gains or profits.. Today the definition has changed somewhat to encompass the gains of other things, such as security or other non-financial gains. These new targets have no financial goals but may be considered soft benefits. This is not really that new. Many people invested in their own or offspring’s education. These investments also were not tied to a guaranteed financial return. In fact, in many cases they may have been made to help ensure a certain lifestyle or social place. So, we can’t necessarily tie the word investment to that of making a financial profit unless that is the obvious goal.
The times and language within the North American people have changed greatly within the past decade. The word “Guys” once referring to two or more males, is now a common term used by many to address couples and mixed sex groups. Therefore the term “RV investment” may very well be correct in today’s world.
So, guys, lighten up! The word “Investment” has taken on a broader meaning and may very well yield more return in the form of happiness. Perhaps more than money can buy.
As usual, what do you think?
Next weeks topic will look at Tire Pressure Monitors. Check it out on Sunday February 1st.
With An Investment In Your Future – Lug_Nut – Peter Mercer