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Written by Harriet Petrie
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Thursday, 18 September 2008 |
A woman I know represents the perfect blend of patience and persistence. Widowed at a young age, she was left with little money to live on, so she had no choice but to get a job and work hard to make ends meet for herself and her children. With the savings she scraped together, she was able to buy a piece of raw land that, at the time, had no appeal for the average developer—located as it was, quite literally, on the road to nowhere. But you could not tell this woman that she had made a mistake, nor that she should sell the property and cut her losses. For nearly two decades years, the woman held onto that acreage, no matter how much she needed the modest profits a sale would bring. Eventually, her sacrifice paid off as the real estate markets caught up with her expectations and rushed way beyond, into a raging bull market. Ultimately, the woman made no less than “a killing” with the sale of the land, and immediately invested her profits in additional real estate which now generates a substantial stream of income. Today, this woman is living in an elegant new home she designed for herself in an affluent area of Los Angeles’ posh Westside. While others are scrambling to avoid bankruptcy, foreclosure, and just plain financial meltdown, my friend is living a secure existence that she built for herself years ago when she insisted on heeding her instincts, and protecting her future. The moral of this story is: Live for today, but save for tomorrow.
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