Photo Credit: Courtesy of Maria Menounos
I have a girlfriend who has produced films that are so big and successful that hearing the titles would blow your mind. She’s made a lot of money, too. The problem is that she spent most of that money on high-end shoes, bags, accessories and clothing. She still rents an apartment and, looking back, wishes she had curbed her spending and saved her money. If she had, today she would own at the very least a condominium if not more.
If you’re going to spend money, rather than spend it on shoes or big vacations, I’d rather you spend it on buying, and/or renovating, a house. According to my godfather, a very successful man in his own right, there is no better investment than real estate because, as he says, real estate is an investment that’s real. If you haven’t already done so, then start saving your money for a down payment on real estate. I don’t care if it’s a house, townhouse, condo or one-room studio -- just buy a piece of real estate that you can call your own.
EVERYGIRL EXTRA CREDIT TIP: By buying a fixer-upper and doing most of the work yourself, you are going a long way to protect yourself against potential crashes in the real estate market. Even when the real estate market has gone down, my houses are still worth what I paid for them because, as fixers, I paid less for them and did the work myself. Watch all the renovations shows you can, too. Besides being entertained, there’s so much you can learn. For other home improvement tips, hit the web. Youtube alone has amazing instructional videos on literally everything you need to know. Stores like Loews and Home Depot have free weekly seminars that teach you trade skills from painting to installing tile.
For more every girl tips on style, health, fitness, career, relationships and more, pick up The Everygirl’s Guide to Life by Maria Menounos.