Polina Pushkareva Instagram – The biggest financial decision ever
As you all know, I have a condo in NYC for $4 mln condo in NYC. I made over a million downpayment+ paid 270k in my mortgage in over a year. Mortgage sounded like a great idea: I have a low interest rate, it is an easy monthly payment, etc. But the feeling that I have a “debt” + almost don’t live in NYC gives me a huge anxiety. It feels like I am wasting my own money and created myself a liability with my money and not an asset
Now I finally know what to do. I was afraid to make these decisions, but I feel that it’s time for changes. And here are my new goals
1. I want to pay the rest of my mortgage
I have $2.7 million to pay and I can do it without lowering the level of my lifestyle in under a year. It will give me a feeling of safety that I “truly own” my place
2. I am going to rent out my condo and buy one more condo in NYC
A big one bedroom with a big closet for $1-1.5 millions and move in there. The new condo will be my main base and won’t waste money that much
3. I’ll buy two more apartments: in Paris and Milan for under €1 million each
I go to these cities all the time and I spend at least $10 k on hotels each trip. So it’s gonna be smarter to buy my own apartments. When I’m not in the cities, I can Airbnb it and earn money
Will it be easy? No. Am I excited about it? Hell yes! So keep working 💪 Venice, Italy | Posted on 07/Sep/2023 21:24:02



