Daniella Aschettino, a 39-year-old UK native, has been residing in Dubai for 11 years. Currently serving as the secondary headteacher at GEMS Metropole School in Al Waha, she considers her father her most reliable financial advisor. In an interview with wknd.how, she discusses how she manages her cherished lifestyle while maintaining a cautious approach to spending.
If asked to describe money in one word, she would choose 'Security.' In a letter to money, she might write, 'Dear Money, I acknowledge that I haven’t always spent you wisely, but thank you for allowing me to live comfortably and plan for a secure future.'
Her relationship with money is described as cautious. She reflects, 'I wish I had taken more financial risks over the years; being overly careful has led to missed opportunities.' This cautious attitude stems from her parents, who, despite enjoying life's luxuries, have always emphasized the value of money. Growing up, her family didn’t have much.
Her mother, who grew up in a financially constrained family, taught her the importance of being sensible with money while also enjoying it. For financial matters, Daniella turns to her father, a former bank manager, investor, and businessman, who provides her with the confidence to make sound financial decisions.
One of her most significant financial experiences was purchasing property in the UK immediately after university. The rental income from this property has been instrumental in funding her doctorate studies. However, she regrets not buying more property in Dubai when she had the chance.
Living in the UAE has broadened her perspective on wealth, often comparing her financial status to others, whether they are millionaires or have very little. If she could offer advice to her younger self or her newborn daughter, it would be, 'If you work hard, treat yourself,' echoing her mother’s wisdom.
Currently, she prioritizes spending on education, particularly her Education Doctorate at University College London. Designer bags and shoes are her splurges, viewing them as future investments for her child.
Her long-term financial plan involves property investments, aiming to purchase another property within five years and have all her properties paid off by age 50. Her greatest financial decision was moving to Dubai, which has been beneficial personally, professionally, and financially. She is most proud of becoming a headteacher at 35, a role that has provided her with opportunities to save, invest, and enjoy a fulfilling life.
