14 May Second Home in Nicaragua? Happiness ROI
Second Home in Nicaragua? My guess is that, if you are like most people, you’d like to be happier. I’m going to go out on a limb here and say that you probably also think about investing – but don’t really think the two are particularly related. Sure, it’s great to cash in on an investment when things go well, and that will probably make you happier, but the process itself, maybe not so much.
Maybe the problem is the process. See most investments remove two important elements of happiness – connection and endowment. Yes, I do like Tesla cars, but if I buy stock in the company, I don’t really feel that connected to the company (that might be different if I drove a Tesla myself, but as soon as I drive off the lot, there goes my investment), and with stock I don’t feel like a part of the Tesla company is mine – which is the feeling of endowment.
But what if I bought something that represented a dream or wish I always had? Like say living on the beach in a beautiful country? What if this wasn’t just a vacation, but a long term investment in my happiness, and my financial future?
The Answer is the Emerald Coast of Nicaragua
The Emerald Coast is perhaps one of the most beautiful places in the world. And it’s undiscovered. Tucked away just north of the popular resort town of San Juan Del Sur, the Emerald Coast offers gorgeous white sand beaches, great year-round surf, and unforgettable sunsets.
Buying a vacation property – as oppose to stock in Tesla – is not just a financial investment, it’s a happiness investment. It’s something that becomes mine. I feel connected to it. And consequently, it’s worth more to me – the endowment effect in action.
The demand for beach property is never going away. (No surprise, living on the beach is something most people dream of.) The investment in beach property is a great investment – especially when in an area surrounded by steady, consistent demand.
But what about the happiness ROI? With beach property, it grows every year. Maximizing the principle of experience over material possessions for maximum happiness, a beach property offers endless experiences – I can go whenever I want and each time the experiences live on for days after. That’s happiness ROI!
This article is brought to you by Mango Time Beach Resort, a surfing and vacation company in Nicaragua that specializes in real estate investing in Nicaragua, surf camps, and unforgettable beach vacations.