I was utterly shocked the other day when my mom told me that she had actually saved up some money and invested it in a local business.
My family really isn’t the sort that uses their money wisely.
Generally, we don’t have much cash in excess, so every dollar is utilized for basic living expenses. Every once in a while, when we do have a little extra cash, it seems like there’s some massive emergency that immediately wipes the slate clean. I don’t think I’ve ever heard my mom talk about an investment or a long-term financial plan. When she told me that she had invested in a heating, cooling, and ventilation service, I was actually incredibly impressed with her decision. It turns out, one of her co-workers recently started an air quality control company in the middle of town. They were having trouble getting the capital to hire enough certified heating, cooling, and ventilation technicians. They needed additional cash to rent out a large machine shop for AC and furnace repairs, as well as air handling appliance storage. When my mom started talking to her co-worker about the HVAC industry, she was very impressed with their business model. It turns out, air quality companies are extremely stable and profitable in our area. Because the weather is so extreme, with blistering heat and terrific cold, people always need Heating and Cooling installation and repairs. No matter how many HVAC companies opened in town, there would always be a shortage of air quality specialists. My mom pondered this HVAC idea before pulling some money out of her 401K. She’s now a partial owner of the most successful HVAC dealership in the county.