Wednesday, October 8, 2014

Future Generation Value

The idea of renting versus owning a property provides a perfect analogy for the future generations value. When a vehicle is rented, keeping the long-term maintenance on the car is usually the least of your concern. The rental is for easy transportation to and from vacation or business locations. If you get a scratch in the parking lot or knick a curb, it doesn’t matter. It’s a rental and will be out of your thoughts the moment you drop off the keys. Owning a vehicle is different. As an owner, you change the oil every 5,000 miles, you rotate the tires in order to make them last longer, you park carefully in order to make sure your car remains pristine. The same idea translate to our environment. If we see our time on earth as simply that of a renter, we will destroy our surroundings because when we die and turn in the keys, our actions no longer affect us. But, if we take ownership of the environment and do our best to keep nature unspoiled, then we will have an asset that we can proudly hand down to our kids.



India is currently facing the renter’s dilemma. India heavily pollutes its natural resources and due to industrialization, has been destroying natural areas in the name of industry and agriculture. However, recent policies in afforestation hope to increase the amount of natural forests from 20% of land mass to 30%. Other policies have been enacted to reduce pollutants as well as teaching rural citizens more sustainable agricultural practices such as efficient animal husbandry. 

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