Balancing Finances: Ilona's Success Story in Dubai
Ilona Kovács, a real estate marketer, has been living and working in Dubai for five years. She manages her finances diligently from her monthly salary of 13,500 dirhams, ensuring a balance between saving, investing, and spending.
Gold: A Safe Investment Haven
Ilona invests 5% of her monthly income—approximately 675 dirhams—in gold. She believes gold offers stability against market fluctuations and provides long-term security. "Gold has always been a safe investment, especially when the global economic situation is uncertain," says Ilona, who values asset preservation. Her investments are in physical gold, as the gold market in the UAE is particularly dynamic, with many reliable stores in the city.
American Stocks: Opportunities for Stable Growth
To diversify her investment portfolio, Ilona targets the U.S. stock market. She believes that American companies, especially in the technology sector, can offer significant long-term returns. "U.S. markets offer broad opportunities, and although there can be volatility, investing in stable companies is a good way to grow a portfolio," she shares her experience.
Own Business: Passion for Fashion
In addition to financial markets, she has ventured into her own fashion business. It has been Ilona's long-time dream to start a clothing brand, and she has made it a reality. Although the business is still in its early stages, she feels her passion for fashion will allow her to persevere through challenging times. "Running your own business is always a big challenge, but if someone is doing something they truly love, it helps keep the motivation alive," she says.
Financial Awareness: The Key to Success
According to Ilona, the most important lesson she has learned over the years is financial awareness and consistency. She allocates predetermined amounts each month for savings, investments, and daily needs. She strictly adheres to her budget and avoids impulse purchases. "For a stable future, conscious financial planning is essential, especially in a city like Dubai, where it's easy to spend a lot on maintaining a high standard of living," she shares.
Ilona Kovács' story is an inspiring example of how to manage money wisely and consciously in a dynamic city like Dubai. Through diversified investments and financial discipline, she not only secures her own future but also creates new opportunities for herself through her business.
