British expatriate Louise Heatley has been in the UAE for 28 years, moving to Dubai in April 1996 long before some of the city’s most iconic sights had even been built. It has been a huge time for growth in a city she says has an ‘anything is possible’ attitude. Now celebrating her 50th year, the owner and managing director of Exclusive Links Real Estate Brokers has seen the Emirate go from strength to strength.
Resource.
Dear Money, there are two sides to your coin. One side you bring opportunities, deliver dreams and offer comfort and security. On the other side you bring manipulation and segregation. Your true power is unlocked when combined with life values of humility, and kindness.
Respectful. I value all it can deliver but understand it can be here today, and gone tomorrow.
I have been working since I was 16, and I attribute my financial independence to my own efforts and decisions. Success doesn't come without failure, and I've experienced many highs and lows in my life. There are no quick fixes, I always plan for the best and prepare for the worst.
“Look after the pennies and the pounds take care of themselves”. She taught me that you must start somewhere and build.
I rarely discuss personal money matters with friends to avoid discomfort or comparisons, and I respect their privacy. However, I am open to offering support and sharing my experiences if asked. In business, I am fortunate to have a partner with whom I can openly discuss the company's financial position.
I have learned the most about financial management through my experiences with both highs and lows.
Living in the UAE has provided me with an abundance of opportunities that I don't believe I’d have had in the UK. There is an “anything is possible” attitude and perspective among like-minded individuals. I feel there is a supportive network where people genuinely celebrate each other's financial growth and accomplishments. There's no need to compete, as there will always be someone with more.
My advice on any investment is this: “If it sounds too good to be true, it probably is”.
I prefer to spend money on what is important to me, such as creating memories and spending time with family and friends, rather than on material items.
For me, splashing out means purchasing something unnecessary but symbolic of a milestone or a nice-to-have. I prefer splurging on travel and holiday experiences.
My long-term financial plan is to achieve retirement security within the next 10 years. I consider real estate to be the most reliable investment, and my goal is to build a property portfolio that generates sustainable income, providing freedom and flexibility in my choices.
My savings can vary depending on other commitments but generally the goal is 20 per cent of my monthly salary.
Only invest or lend money that you can afford to lose.
