Everybody desires to have a house of their own someday. It is one of those things that you have on your check list as an adult. In fact, as soon as you start your first job, a lot of young people are advised to start planning for the purchase of a house for themselves. But it is easier said than done. While us millennials earn impressive paychecks, we have big expenses that tend to drain our accounts, even before one can spell the word “savings”. Blame it on our lifestyle or inflammation, it seems impossible for a working twenty-something to have a home of their own. But is it? Meet Aanam Chashmawala who bought her dream house at the age of 26. She speaks with SheThePeople.TV for our series WoMoneyKiBaat to reveal how she did it.
As an entrepreneur, one of the smartest things you can do for your business is to identify your weaknesses and hire the people who are strong at them.
Khud ka ek ghar hona hi chaiye
Aanam, a 28-year-old blogger and entrepreneur, says that it took a lot of hard work and discipline on her part to be able to buy a house. Did she save up to accomplish her dream or did she invest? To this, she replied, “I started my first-ever internship at the age of 15. I have been working for thirteen years now. I am 28 today and I’m a huge saver. I’m just one of those people who always thought that I will buy my first luxury handbag after I buy myself a house and that is literally what happened.”
Excel sheets help me keep my life in order
Calling herself a multi-tasker, Aanam said that she has 20 tabs open in her brain at a time. Being an entrepreneur who has multiple sources of income, how does she keep track of everything? She said, “I live by excel sheets and notes on my iPad. I keep a record of the tiniest of things as much as I can, by writing them down.”
I’m just one of those people who always thought that I will buy my first luxury handbag after I buy myself a house and that is literally what happened.
Managing money isn’t just about keeping track of due payments. Both on personal and professional front Aanam must have many expenses do deal with as well. How does she keep track of them? She revealed, “I have two very important men in my life without whom I don’t make any money decisions, especially when they are big. One is my dad and one is my accountant whose been with me since the inception of my blogs.” She also said that as an entrepreneur, one of the smartest things you can do for your business is to identify your weaknesses and hire the people who are strong at them.
According to Aanam each person should be well-versed with their finances. “Everybody needs to understand what they’re making, what their profits are, what taxes they’re paying, what they’re saving after taxes, and what you can do at the end of every financial year with regards to investments for tax benefits. I was interested in it and then I started understanding its benefits and that is where it all came from, for me.”
Mansi is an Intern at SheThePeople.TV