A esa tampoco la hemos salvao, me temo.
Fame and Fortune: Melissa Porter
Last Updated: 11:47<<
pm GMT 27/03/2008
Melissa Porter, 35, is well known for presenting property programmes such as To Buy or Not To Buy, Escape to the Country and Get a New Life.
She lives in Shoreditch with her boyfriend, 37-year-old dentist Mark Hughes. She talks to Mark Anstead about her spending habits
How did your childhood experience influence your attitude to money?
My Dad is a self-employed luxury Italian car importer and I grew up in a five-bedroom executive home in Cheshire. He has always been a workaholic and also something of a gambler, so money was a big issue in our household.
Melissa Porter: "My worst buy was a Range Rover
I bought for £50,000 and later sold for £36,000."
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Mum is more of a saver, and whenever Dad was a bit blasé with money in the casinos it would lead to arguments. In a way I get something from both my parents.
Dad made his own money and he brought my sister and I up to believe we should do the same.
I've got his work ethic combined with Mum's belief in putting money aside for rainy days.
So are you cautious with money or liberal with it?
I'm really careful. I'll try and avoid using an overdraft, for example, because I really don't like incurring bank charges. And I haven't got any debts apart from my mortgages.
The really good thing about my Dad is he always dealt in cash and he instilled in us a philosophy that if you don't have the money you shouldn't spend it.
He hasn't even got a credit card and I really like that about him.
As a TV property presenter, what is your approach to investment?
My parents were always improving the houses we lived in, selling them and moving up the ladder.
I think I learned that putting money into houses is a great piggybank – it's like a personal savings account because the money grows.
I've just bought a flat in Holland Park for £600,000 and I think I'll double my money in five months. I've been really shrewd, done a lot of legwork and found a really crappy property in the best part of town. I'm getting some builders in to improve it and then I'm going to move in.
I also own a three-bedroom property in a converted school house in Battersea, which I'm going to refurbish to let, and I live in a two-bedroom apartment in Shoreditch, which I'll let when I move into the new flat.
I knew my place in Shoreditch would be a good rental investment - the rent will be nearly twice as much as the mortgage I'm paying because it's a terrific location worth £2,000/month. And I've joined a consortium fund with other investors to buy a plot of land in Whitechapel where we will develop 14 flats.
Do you invest in anything else other than property?
Yes, I have just started investing in art. I have 10 pieces of original urban art that I bought from The Leonard Gallery in Shoreditch. I know art is a bit of a risk, but so is any investment - stock markets crash and property can get bombed.
I'm spreading my risk in property, art and also I'm thinking about wine. The art dealer I use really knows his onions. I bought an Adam Neate from him for £4,000 and he sold it at Sotheby's six weeks later for £14,000.
Auction houses are really interested in urban art at the moment thanks to painters like Banksy. The rest of my portfolio only cost me a few thousand pounds, but I think the value has already doubled.
Does having money make you happier?
It makes life easier, but I am happy anyway. Mark and I were talking about this the other day and saying if you're miserable and hate life and see your cup as half empty, then even if you were flush with cash you'd still feel the same way.
Does talking about money embarrass you?
Yes. I get asked about it and it's tough because I like to share good investment decisions without giving too much away. Sometimes I worry that if I tell people too much about what has worked for me they might think I'm bragging.
How would you separate responsibility for finance with Mark if you were to marry?
Mark and I have separate homes at the moment but I think Mark would pay the mortgage and I would pay the household bills because he earns way more than me. We would keep our investments separate and have separate bank accounts because then I can say 'I'll take you out for dinner tonight,' or 'You can pay for that.'
My Mum relied on my Dad to give her money and I would never want to be in that position.
What have you learned about money by mistake?
I've helped someone out and paid off a debt without having a formal written agreement, which means I didn't get paid back. At the time you think you're helping someone, but relationships can change and if it gets forgotten about that's not nice. Always get it in writing.
What's been your best buy?
Something from my jewellery box. I've got a pair of beautiful pearl earrings that only cost £200 but they make me feel so happy when I have them on.
And your worst buy?
Last year I bought a Range Rover Sports for £50,000 and eight months later I sold it for £36,000.
That was a shocker. My ex-partner really wanted one and I bought it because of him. When we split I sold it to him.
A few months later my bank manager called to say I had better check my credit rating with Equifax because it wasn't very good. I did it online and found I had forgotten to transfer ownership of the car and my ex-boyfriend had congestion charge and unpaid parking fines in my name. So that was a disaster.
How do you prefer to pay – cash, card or cheque?
My HSBC debit card. I have a Mastercard, but I prefer debit cards. I have never allowed myself to leave a credit card balance unpaid in full - my bank manager loves me.
How do you tip?
I was in America last year trying out for some TV presenting and I was surprised to find they really insist on 20pc. I tipped 15pc in a restaurant and the waitress followed me out. She wanted to know what was wrong with the service.
I told her it was very good, but she said 'You've only tipped 15pc.' I told her that's because she was great, but she wouldn't take it as an answer and I had to give extra. Top marks for trying, I thought.
What's been your greatest extravagance?
Going on holiday to The Maldives in January last year. I went with a friend and it cost us £8,000, which is the price of a small car. Thankfully my proportion was only half of that.
Have you ever invested in shares or funds?
No. To me that's like playing roulette - I don't get it. I know that may sound strange given that I am prepared to take risks, but I only do that with what I can understand.
Do you have a high interest bank account?
Yes I have two. I have one with the Anglo Irish Bank I opened two years ago after shopping around for the best rate and I got 6.3pc (but I don't think that's the best any more) and the other with HSBC.
HSBC deal with my current and business account and I think their customer service is shocking. I tried opening an account, but they didn't like the name - I wanted to call my business Lucky Bitch. They said it was derogatory so I had to go to Companies House and change it, which cost me £250.
On the phone they said they would pay for it, but then afterwards they said they didn't want to pay. I told them to check their transcript (they say every phone conversation is recorded) but they came back and said they'd lost the transcript.
Do you bank online?
Yes I check my account every week, but now HSBC have given me a lozenge shaped black thing you have to press for a security number to go online and I keep losing them. I've had three. It's great from a security point of view but it's a lot of hassle.
I just check balances and if I want to move money around I call them up.
What about pensions?
I had a pension when I was working in a marketing job, but it just seems like you make such a small gain compared to investing in other ways, so it didn't work for me and I stopped it.
Melissa Porter presents 'I Own Britain's Best Home' on FIVE, Thursdays 8pm-9pm.
Interesante apego al tocho, arte, vino. Solo lo que entiende. Compra barato, vende caro. La pareja paga el mortgage y ella los gastos de la casa. Ahí esta una de las claves: no endeudarse. No es pepita. Y la tarjeta de débito, no de crédito.
Cede coches que no regala, y luego al separarse se los vende por 14.000 menos de lo que dice haberle costado. El ex marido contento por adquirir a 36 algo que creia que valia 50. No dice lo que realmente le costó, siendo estrella de TV al promocionar gratis esa marca de coche. Interesante.
A mi coto tampoco me parece un pepito, ...un poco fantasma, y trollete sí. ...pero pepito no, cuando con sus bukakes y huele-pedos y papeles de wc usados, junto a los del carnet de josdepta, solo contribuyen a que nadie nos tome en serio, por lo que me sigue pareciendo foreros necesarios y útiles si se dosifican, pa poder seguir soltando ocurrencias diluidas libremente, como el niño que se atreve a decir "el ladrillo está desnudo". De otra manera, no nos dejarían decirlo.
Última edición por >> 47 <<; 30-mar-2008 a las 03:01