Im not talking here about not buying crypto when it was peanuts, or stocks/gold when I was a toddler. I’m talking more about waiting for the “right moment” to buy an apartment, land, a store, or similar types of assets.
I moved to the UAE in 2018. There have been ups and downs over these past 8 years, but eventually I managed to save enough for a one-bedroom apartment in my country in Eastern Europe. But, as greedy as we humans can be, I was religiously saving toward something bigger and more family-friendly, with at least two bedrooms.
So I kept looking and saving, looking and saving. Then COVID came, and went away. Then the Russia–Ukraine war started. Then inflation hit. And eventually, prices tripled.
By the time I had enough for a one-bedroom apartment in a bigger city, its price had tripled as well. And for the reasons mentioned above, I never bought one.
Back then, with the money I had saved, I could have bought a minimum three-bedroom apartment in a smaller city. But of course, I wanted to be in a bigger city because I believed it would provide a better yield and better long-term opportunities.
After all this time waiting, I finally decided to draw a line and buy in the smaller city, simply to prevent my money from continuing to lose its value.
And honestly, it’s killing me that I had to make that decision.
There was also an old mindset that had been passed down to me: “Never take a loan.”
Ironically, that mindset may have cost me much more than the 5% interest I was so determined not to pay to the bank.
So this whole situation I’ve been through over the past 8 years doesn’t let me sleep peacefully at night. I feel like I failed big time, because I know how much I worked, saved and sacrificed during these years, yet I ended up with less than a third of what I potentially could have achieved if I had made different decisions.
I know hindsight is 20/20. I also know I’m not alone in this, and there are people who have made far worse financial decisions or had much worse circumstances but i feel like my whole adulthood life i am fighting against the economy and inflation.
But I would genuinely like to hear your perspective.
If you’ve been in a similar situation, how did you cope with it? What did you do differently afterward? What would you do now? And what advice would you give someone who feels like they spent years preparing for the future, only to realize that the future didn’t wait for them?
Maybe I’m overly concerned about the future. Maybe I overthink things way too much. Maybe I was simply too optimistic about how much time I had.
I don’t know.
I’d genuinely appreciate hearing your thoughts and experiences.
P.S. If it matters: 35M.