Growing your value
Don`t be fooled by numbers. Dad sold some land for 16000, the new owner kept
for 25 years and sold it to Ducks unlimited for 265000.
When Dad sold the lad, he bought a new truck for $2600, which means he could have bought about 6 trucks. When the new owner sold for 265000, he could have bought about 5 trucks. He also had to pay capital gains tax.
The guy Dad sold to did not gain a quarter of a million, he actually lost purchasing power.
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