You have enough money to purchase either a house or a business. Which would you choose to buy? Give specific reasons to explain your choice.
Having money is one thing, and choosing a project in which to invest it is the most decisive option that one has to consider. While others prefer to open businesses with their money, in my opinion, purchasing a house is the best option to invest money. First and foremost, purchasing a house has fewer risks than a business. There are good houses that one can buy and receive rents for many years. For instance, there is a house my father told me he bought in 1975 and put to rent, and it is still intact to date. Since my parents are all retired civil servants, we all now depend on the income from it.
Secondly, a very good house can be a source of wealth to plan for the future. Rural exodus has recently increased in my country and house rents have also been witness to a tremendous increase. With this effect, those who have houses in towns are making more money that they can use to sponsor the education of their children and the well-being of their families.
Finally, house owners do not stress themselves collecting the money due them.
House owners have specific dates when they collect house rents. This is not the case with businesses. Business owners spend much of their time making phone calls, negotiating prices, sending employees to collect money on a daily base and so on. Many people purchase products on credit, and in some cases they disappear without paying their debts. These cases do not happen with house owners. If a tenant does not pay his or her rent for a month, you can send him or her out, and another one comes in.
In conclusion, there are many ways to invest money such as: purchasing a house or a business but houses are more advantageous in that; solid houses last long, generate much income and owners do not have to stress a lot collecting the money due them.
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