If you look closely, you’ll see Brisbane’s happiest new Mini Cooper owner. After waiting for roughly 3 years, Ali is finally behind the wheel of her dream car, and was also happy to tell the story of how she did it.
“When we first moved to Australia, I was 14, was the first time I saw [a Mini] and I thought they were the cutest cars ever,” she tells. “I knew then that I would own one.”
Ali considered getting a loan for the car she wanted so badly, but was dissuaded by seeing a friend struggle with car repayments. She describes,
“the repayments were quite high and she never had time for anything socially. So I decided that I would save my money instead, and then I could do it on my own terms. I hate having debt, even $200 on my credit card will bother me, and I can’t let 2 weeks pass without paying it off. I have never payed interest on my Credit card in 5 years. I would rather go without something the next week than have debt.
The biggest challenges along the way were the waiting, as well as finding the right car for her budget. Ali tells how she could have had her car straight away by getting a loan, but says it was worth the wait.
This is a brilliant example of someone who’s obviously been taught some great money skills at a young age by her parents, and is now reaping the benefits of great decisions. It took discipline to patiently save money for those 3 years, but now Ali has her dream car! Plus, because her income isn’t tied up in repayments, so she gets to keep 100% of her net income. Imagine how great that must feel!
Ali says, “It is really great knowing that after all these years, my hard work has payed off and that I can enjoy the harvest of my savings.” Brilliant, brilliant work. Who knows what Ali will go on to accomplish with those skills. Let’s take a lesson or two from her story: lock on to your goal, don’t compromise, save regularly, be patient, and you’ll get what you want.