Never Invest in a Property You Don't Love

Next Saturday, February 8th, I’ll be speaking at the WICE-sponsored Money Matters for Women Conference about investing in property in France. The conferences is “geared for globally mobile women who want to better understand their financial situation, plan for their futures and take pro active steps to reach their goals.”
Actually, the information is great for both men and women, it’s just that it seems that women are still struggling to ‘think like men’ when it comes to investing in their future. I can remember the old joke about women who went to college to get their “M.R.S.” — and fortunately those days are over — but women still need help to achieve the same level as their male counterparts.
As a woman, I doubt that I would have learned what I have the last 15 years if I were still married and co-dependent on both our earnings, leaving the investment decisions to my husband. It took divorce and forced independence to be the ‘mother of invention’ to discover how to grow my savings and create a secure future for myself and my daughter.
Investing in property wasn’t planned — it just ‘happened’ to me when an opportunity arose that was impossible to pass up. That was the first property I purchased in Paris and the foundation for a now successful real estate portfolio.
In the presentation I intend to make before the audience of eager women will be information on how that came about, what the philosophies were behind the investment decisions and why real estate is such a powerful way of investing in creating security for one’s future. The conclusion of the talk divulges how less than $50,000 in investment less than 14 years ago translates today into $3.4 million worth of assets! It’s a true story and anyone can do it, if they know how to do it right.
Today I write you from my apartment in Nice, “Le Matisse.” It was the fifth property purchase I made in the last 14 years and the fourth in France. The purchase in Nice was partly for investment, but mostly to achieve a richer lifestyle and for pure personal pleasure.
The advice I will give at the very end of the talk is this bottom line:
* No risk, no gain…but make calculated risks
* Have patience and tenacity – finding the right investments takes time and effort
* Learn as much as you can and take professional advice
* Use both your head and your heart
NEVER INVEST IN A PROPERTY YOU DON’T LOVE! The number one advantage to investing in property is the pure enjoyment of the real asset while earning money and financial security. This is the true bottom line for any investor — whether you are purchasing art or jewelry or property — anything that increases in value over time — it will increase even more if it’s something you love and don’t want to live without! If you love it that much, it’s likely someone else will, too, and nothing is more valuable than love.
Money is just money. It can be won and it can be lost. But love? Don’t live without it.
Don’t miss this formidable information-packed event.
To register for the event, go to wice-paris.org/.
A bientôt,
Adrian Leeds
Editor, French Property Insider & Director of The Adrian Leeds Group, LLC
(in Nice)
Email: [email protected]
 

 

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