As a Buyer’s Agent I’ve helped many successful people, just like you, buy the most expensive purchase of their lives, a property. What I’ve lernt, is that we all want the same things – a great lifestyle, that is financially secure, for us and our loved ones. However, for some reason, many of us hold ourselves back from creating that.
Well no more!
Let’s make 2019 the year that financial goals aren’t just set, but are achived. Who’s in?
Women, Become Your Own Prince Charming
This is a huge section in my book Mind Body Sold! but successful men love successful women. As the saying goes, you must become the person you want to attract, so go ahead and build that wealth.
The Prince Charming Hurdle
Property is a very good way to ensure financial freedom into the future. It worked for me and it can work for you. Yet many women put off buying their first home until they meet their Mr Right.
Sure, in past generations it was laughable that singles, especially single women, bought property on their own. Even if they tried, few women would have been granted a bank loan on their own. But in the 21st century, single women have more financial and career freedom than ever before.
What’s more, financial independence in women is becoming increasingly attractive—data from the exclusive American dating app, The League, shows that female CEOs and executives were more popular than the average woman.
So if women still feel that it’s unfeminine to buy a home or a heap of investment properties then they are being their own worst enemies.
“All men should be feminists. If men care about women’s rights, the world will be a better place. We are better off when women are empowered—it leads to a better society.”
- John Legend, American singer, songwriter, musician, actor
Create Your Own Version of “Happily Ever After”
If you do decide to wait, unfortunately, today’s Prince Charming doesn’t always arrive on schedule! So, while waiting, women need to get on with their lives.
What if looking after your financial future meant you could create the security and success needed to attract the right guy? A guy with the same “can-do” attitude who is taking responsibility for his life? What if taking control told the universe that you’re ready to meet someone equally strong and independent but who’s open to sharing their amazing life with the right woman? A strong woman like you?
What you think and what you project are usually what you attract in the world so think positively.
Because you never know when Prince Charming will sneak up on you, that hypothetical question could be easily sorted out with a good family lawyer. If, or when, it happens you need to have a property/financial contract drawn up so that both parties’ interests are protected. That way, you’re free to:
- have your partner move into your property as is
- renovate your property to make it bigger and have your partner move in
rent it out and find a home that is new to both of you
- as a last resort, sell it to pool your money
- rent it out and move into his place sell it and pool your cash to buy that love nest
Investments Are The Great Equaliser
As property is expensive, many people give up on the idea of owning one before they’ve even begun, but a property (or any other investment) is the great equaliser. Properties do not understand any kind of “gap”. Male or female, rich or poor, they give the same financial reward – good or bad –whoever buys them.
So, instead of giving up, it’s worth contemplating a few sneaky, outside the box, strategies. How about…
- Buying an investment property to get into the market?
- Or buying one with a friend or family member (with a simple exit contract)?
- If you live in a city, look at buying one further out/interstate, so that it’s cheaper and possibly with a higher yield (but always do your due diligence)
If you feel you’ll never get there, the trick is to find out your “why?”. If you don’t have a strong “why” to keep you focused, how about being homeless later in life? That thought usually gets me spending less and saving more!
Once you have your “why” make a date with your finances, set up a regular savings routine (new habit) and set those goals.
Save More Spend Less – The Power Of Habit
This may sound trite but it’s the key to long-term financial freedom. Before you impulsively spend or go to work without making your lunch or before saying, “yes” to something you may not even want to do, just stop and ask yourself, “is this money I really want to spend?” Awareness is a wonderful thing.
This sounds easy and it maybe in the short term but breaking old habits and creating new ones takes determination but the rewards are high.
Every time you save money that, until yesterday, you would have habitually spent, you need to reward yourself. To do this, you need to ask yourself, “what does it feel like when I impulsively buy something or say yes to an expensive night out that I’m not even that keen on?”
It may be that shopping makes you feel spoilt or saying yes to that expensive night out makes you feel included or wanted.
If so, what other rewards could you give yourself to experience the same feelings? Would some home pampering make you feel spoilt? Would offering to catch up with your friends the next day make you feel included?
Maybe these feelings can be manufactured (yes, we are manufacturing feelings!) by putting the money you just saved towards paying off your credit card and therefore, becoming one step closer to financial freedom?
On the other hand, every time you buy something on credit, that you don’t pay off in full at the end of the month, you are doing nothing short of robbing your future self. Yes, ROBBING YOUR FUTURE SELF – now that’s mean!
As I say, let’s make 2019 the year that financial security is a given!
Wishing you all a very happy 2019 and I’m looking forward to hearing your feedback on some of my ideas for a long, happy and prosperous life.