The house I currently live in
is over 25 years old.
Since buying it,
we’ve replaced the roof,
the water heater,
the furnace,
the fence around our property,
have had three MAJOR drain clogs,
a flooded basement
and other issues.
Because that’s what happens
when a house
or any other physical asset ages.
It requires maintenance
or replacement.
Businesses often receive
a tax credit
for the amortization or depreciation
of capital assets.
Some view this tax credit
as a ‘reward’
for having invested in our own companies.
I view it as assistance
for saving toward upcoming maintenance
or replacement costs.
Because capital assets age also.
Your capital/physical assets
will age.
Consider setting aside funds
for maintenance or replacement costs
now
before you desperately need it.