Why These Two Purchases Stand Out as My Greatest and Most Valuable Investments

In a world where financial advice often suggests avoiding unnecessary expenses, two specific purchases have stood out to me as not just good investments, but perhaps the greatest and most valuable things I've ever spent money on. These are my Tata Tiago car and my mother's Noise Colourfit Pro 3 smartwatch. Let's delve into why these were significant purchases and how they positively impacted my life.

Purchasing a Car: More Than Just an Asset

Investing in my Tata Tiago came at a time when I was still familiarizing myself with personal financial management. Purchased in July 2021, it has been a steady investment that has reasonably depreciated over these years, but it serves an essential purpose. My car is not merely a depreciating asset; it is a symbol of my personal independence and self-reliance, a valuable tool that offers convenience and protection.

It's more than just owning a car. Today, having a personal vehicle is becoming a basic necessity akin to owning a home. A car allows me to travel whenever I need to, whether for emergencies, urgent business, or family trips. The comfort of owning my own car cannot be understated. I can guarantee that I have access to a vehicle should I face a sudden medical emergency or a time-sensitive business opportunity. The convenience can't be matched by relying on others or using public transport.

Concerns like comfort, privacy, and security come into play when you own your own car. A chauffeur-driven one might offer luxury, but when it's an emergency or a last-minute trip, I can't rely on anyone else. As I continue to make payments, two more years remain on my financing plan. While I can afford the monthly instalment of Rs. 11,000, knowing that the benefit surpasses the cost showcases a worthwhile investment.

Bringing Joy: The Smartwatch for My Mom

Within the realm of gadgets, the Noise Colourfit Pro 3 smartwatch is another item that stands out from a sentimental perspective. This particularly special purchase, made for my mother, was prompted by a conversation and a bundle of emotions that transcended financial sense.

It all started when my mother mentioned wanting a watch that she could interact with personally. Over the coming weeks, I found myself in numerous conversations with her, subtly inquiring about her preferences for a smartwatch while also scouring for a suitable model. Eventually, I settled on one featuring a rectangular dial with basic features, ensuring that it fit within her comfort zone.

When my professional life stabilized and my income grew, I began to adopt a minimalist and frugal lifestyle. However, when my decision to gift this watch was realized, it deeply resonated with me. Education and financial awareness taught me to avoid unnecessary expenses, yet this purchase felt intrinsically valuable. It was about making my mother happy, which inadvertently made me happier. This emotional investment transcended mere financial gains and provided immense personal satisfaction.

The smartwatch became a daily reminder of her pride in having a son who cares about her. She frequently wears it and has even shared it with relatives, neighbours, and friends. Her expressions whenever she discussed the smartwatch revealed the joy I had gifted her. She was truly delighted, and her happiness is something I value far more than the watch's physical benefits.

Concluding Thoughts

From a financial standpoint, both purchases may have shown depreciation or required ongoing maintenance costs. However, the emotional satisfaction and the positive impact on my personal life make these two assets incomparably valuable. They symbolize the choices we make, not just for ourselves, but for the people we care about.

My advice to others is to consider the long-term value of what you purchase. Investments can be emotional, and sometimes, emotionally fulfilling purchases are the greatest of all.

Thanks for reading, and here's to making valuable investments that matter.