What began as my savings for the purchase of my dream car back in the 1990s quickly turned into the hard-earned $20,000 that my mom refused to let me spend on anything less than an investment for a substantial return.
“You are not going to buy that stupid car,” she told me. And when I tried to venture off to the car dealership anyway, she forced me to spend my savings on a down payment for a condo. At 19, and against my wishes, my mom had turned me into an investor. She told me, “God can only manufacture one thing: Land. And I hear he’s not making any more of it, so buy now!”
Read more– Dated: MAY 16, 2017
Ali Jamal is the CEO of Stablegold Hospitality, a real estate investment firm.