British expatriate Louise Heatley has called the UAE home for 28 years, relocating to Dubai in April 1996, long before the city's most iconic landmarks were constructed. She has witnessed immense growth in a city that exudes an 'anything is possible' spirit. Now marking her 50th year, Heatley, the owner and managing director of Exclusive Links Real Estate Brokers, has seen the Emirate flourish continuously.
If asked to describe money in a single word, what would it be? Resource. If you were to pen a letter to money, what would it say? Dear Money, you have two facets. One side offers opportunities, fulfills dreams, and provides comfort and security. The other side introduces manipulation and division. Your true potential is realized when paired with life values like humility and kindness.
How would you characterize your relationship with money? Respectful. I appreciate all it can provide but recognize its transient nature. How did this relationship develop? I've been working since I was 16, and I credit my financial independence to my own efforts and choices. Success is not without its failures, and I've navigated numerous highs and lows. There are no shortcuts; I always plan for the best and prepare for the worst.
What financial management lessons did you learn from your mother? 'Look after the pennies and the pounds will take care of themselves.' She instilled in me the importance of starting small and building gradually. Who do you confide in about financial matters, and do you consider it taboo? I seldom discuss personal finances with friends to prevent discomfort or comparisons, respecting their privacy. However, I am open to offering support and sharing experiences if sought. In business, I am fortunate to have a partner with whom I can openly discuss the company's financial status.
Who has been your greatest financial mentor? My financial acumen has been honed through my experiences, both good and bad. Has living in the UAE altered your relationship with money or wealth? The UAE has offered me opportunities I doubt I would have encountered in the UK. The 'anything is possible' mindset among like-minded individuals is prevalent. I feel a supportive network exists where people genuinely celebrate each other's financial successes. There's no need to compete, as there will always be someone with more.
If you could impart one piece of advice about money to your child or younger self, what would it be and why? My advice on any investment is: 'If it sounds too good to be true, it probably is.' What do you prioritize spending money on? I prefer spending on what matters to me, such as creating memories and spending quality time with family and friends, rather than material possessions. What do you consider splurging on? For me, splurging means buying something unnecessary but symbolic of a milestone or a nice-to-have. I prefer to splurge on travel and holiday experiences.
Do you plan your finances long-term, and if so, how? My long-term financial plan aims for retirement security within the next 10 years. I view real estate as the most dependable investment, with the goal of building a property portfolio that generates sustainable income, offering freedom and flexibility in my choices. How much do you save monthly? My savings fluctuate based on other commitments, but the target is generally 20 percent of my monthly salary. What has been your most profound experience regarding money? Only invest or lend money that you can afford to lose.
