ran into an old friend who is a fund manager. when I was buying a house 10 yrs ago he kept telling me not to waste my money. today he's relocated cos he cant justify the high rent and im relocating cos selling a house that's appreciated 400% allows me a lifestyle I want.
im no good with money, honestly, and certainly not one to give financial advice, but I think going with what makes simple common sense to you is important. I invested in a house because I didnt know or understand any other way to save or grow my money.
I think like diet advice, blanket advice never works. it has to work with your personal income, spending habits, constraints, responsibilities. owning a house when you're a woman alone is also security which most $$$ people ive spoken to dont understand.
security not just financially but in terms of not being harassed by the society, men in the building, etc. it buys you the ability to withstand rattling which is worth any saving on financials. im so glad today I didnt listen to his advice. but also that im selling when I need to
ive to say all the same people who told me not to buy when I was 32 are the ones telling me not to sell in my 40s. I bought under construction, in a recession, during a sand shortage. why I got it cheap. ive gone against advice each time. worked for me.
in the end just apply your common sense and never invest in what you don't understand. and like with all investments, have an exit plan and an idea of what you'd like to move to. take informed risks.
as mentioned im not one to give financial advice, but I do think all young women need to buy themselves a small house somewhere they can afford it even if they never live in it. esp if you dont have good savings habits. home emis force you to pay yourself.
yes, even with all the needless excess and endless interest we pay on home loans. in cities it gives you a solid sense of somewhere to go. investments for women also need to factor in a sense of security, not just appreciation.
running into him also made me realise you can be CA CPA investment banker hedge fund manager whatever, in the end, go with your gut because life is unpredictable. medical bills, education bills, all interrupt. do what makes sense to you not what's 'trendy'.
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