Setting materialism aside, I think owning things that symbolizes our accomplishments in life and our hard-earned money is something worth doing. The fact that you know you deserve them and that it gives you great “pleasure”, making you forget all those pressures at work, frustrations with clients, killer deadlines, and sleepless nights.
Check out these 7 things that I believe every successful woman should have. Whether you’ve made or haven’t made it yet, use this list as your aspiration to keep going and getting the things you deserve.
1. The Iconic Chanel Jacket
Four real pockets, silk lining, and a delicate chain to ensure that it falls perfectly, the Chanel jacket is undeniably iconic.
A timeless classic worn year after year, it is without a doubt one of fashion’s most revolutionary pieces. It never goes out of style – you can reinterpret and reinvent it in a thousand ways: with skirt suit, tulle dress, or even jeans! The versatility of this jacket is beyond impressive. As how Karl Lagerfeld put it, “Some things never go out of fashion in the world of fashion: jeans, the white shirt, and the Chanel jacket.”
Price tag: From $10,000
2. Quality watch
Wearing a quality timepiece has been associated with sign of success or status.
It becomes a wearable trophy, a daily reminder that says ‘I can do this’ – Kevin gray of The Wall Street Journal.
By quality watch, I’m not just referring to timepieces marketed by fashion labels; I’m talking about watches that were made by serious watchmakers, such as Patek Philippe, Audemars Piguet, Rolex, and Piaget.
These are considered investment-grade pieces – not to mention, a probable vintage collector’s edition in 20 or 30 years’ time with a very significant value when they go to auction.
Did you know that the Patek Philippe 1518 wristwatch was sold at auction for $11,136,642 and is now the world’s most expensive watch?
Price tag: $11,000 – $48,000 (Patek Philippe)
3. Diamond Tennis Bracelet
This is an iconic piece of jewelry that every accomplished woman can have.
Popularized by tennis superstar Chris Evert in the 1980s, the diamond tennis bracelet is such a fine piece of jewelry and a very classic accessory that enhances your sophisticated look. Dress up or dress down – they look great with just about any outfit, even with a daily wear.
This bracelet also signifies your journey to success. It’s one of those pieces that can grow with you as you achieve something – you can start with smaller diamonds then, as your budget allows, you can gradually upgrade to bigger diamonds as your success grows. Now, my recommendation when it comes to upgrading/trading your jewelry is to buy it from a jeweler and build a relationship with that jeweler so it would be easier for you to trade your pieces.
The diamond tennis bracelet is also a sentimental piece that can be passed down. I wore my diamond tennis bracelet on my wedding and it’s something that I’ll definitely pass on to my daughter.
Price tag: $5,000 dollars – $100,000 (depending on the size of the diamonds)
4. Birkin and Kelly Bags
These “it” bags are literally about “the effort of earning it” – because even though you have the money, you can’t just get your hands on it. They’re rarely sold to anybody. And these bags don’t care if you’re “somebody” – you can be on the waiting list for years.
Is it arrogant?
Is it obnoxious?
Do we still want it? Hell, yes!
The world’s most coveted carryalls became popular because of the unique stories of the women behind them. In 1981, designer Jean-Louis Dumas was sitting next to actress Jane Birkin on a plane and realized she was struggling to keep all her belongings in her straw bag. Birkin admitted she couldn’t find a leather bag she liked – and so, Dumas took that simple remark as an inspiration and the “Birkin Bag” came to life. In 1956, actress Grace Kelly gave Robert Dumas’ Sac à dépêches Hermes travel bag a new association after the paparazzi photographed her using the bag to shield her pregnant belly.
From that moment, the bag became known as the “Kelly Bag”.
Both the Birkin and Kelly bags are considered status symbols and great investments. Here are some quality fun facts: the average Birkin takes 48 hours to make and is completely handmade by one artisan; while the average Kelly takes 18 to 24 hours to make and is completely handmade by one artisan.
Now, how many Birkin and Kelly do you want – that’s all up to you? But, having one is a must.
Price tag: $ 379,000 (Himalaya Birkin)
5. Investment Property
The question of why you should invest in real estate has a very simple answer: it assures good financial returns that only appreciate as time passes. Other benefits of property investments include:
- Maximizing your tax return
- Appreciation of your asset values
- Capitalization of the physical assets
- Positive cash flow
- Using leverage to maximize asset value
It’s a smart business move and at the end of the day, there are many benefits of investing in real estate that definitely outweighs the costs and it makes you earn a steady flow of income. Because of the never-ending inflation, nowadays, it’s sometimes not enough to just rely on one income coming in. When you invest, you don’t leave all your eggs in one basket, essentially you’re spreading them around.
With the right investment, you can enjoy the added advantage of diversifying your investment portfolio. Not only that, it also makes you feel pride in your ownership!
Price tag: $300,000 (decent studio apartment in the UAE)
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6. Buy Your Own Home
Owning a property should be one of your top priorities. It’s all about securing your future, retirement, and saving in the long run. And above anything else, isn’t it comforting when you can call a place your own?
Some other advantages of owning your own home include more privacy, they typically appreciate in value, provide a home for your future family and build equity. When you own your own home, the costs are pretty predictable too and it’s definitely more stable than renting.
Last but not least, it makes you feel proud.
Price tag: $3,000,000 (decent family villa in the UAE)
7. Bank Account
A successful woman has savings. She knows she needs a backup plan. She knows that sometimes unexpected things happen that could possibly leave her without an income for a period of time, or an emergency could come up which could require a big outlay on her behalf. A bank account doesn’t just allow you security, it allows these savings need to be easily accessible in case of an emergency.
Whatever the circumstance, a successful woman is prepared.
Price tag: there’s not price tag to this – it should be healthy enough to allow you to take a year off or retire early
What other things should successful women must have? Let me know by commenting below.