Business | General
Most people in the UAE financially unprepared for long term
Only 8 out of 10 residents plan finances only for one year, new study reveals
Yes because of unexpected circumstances situation comes up especially family matters, we will do anything for our family back home. That is why even our savings we send it to them.
luzminda, Dubai, Philippines
I am an expat and I am part of those who are not yet ready for long term. I have been working in Dubai for 6 years. I have just realize recently that I have to start planning for the future. Now I am following a plan taught by a financial guru. Simplicity and living beneath your means. Saving 20% of my income and invest it in Mutual Fund and Stock Market. Adding emergency fund in the budget would help a lot as well. Attaining financial freedom is not a one day job but it will be a long time process. Patience is the key and we have to stick to the plan to attain our goals.
Oliver, Dubai, United Arab Emirates
i agree gerard..manage ur own finances..save 20% of ur sal every month and invest in separate entities..thats a start...
Noel, Dubai, United Arab Emirates
I would be very wary about trusting money to so called financial advisors. The financial crises has shown us all that these advisors no very little about planning. It seems they are the only ones who are getting rich while the rest of us struggle to make ends meet.
Gerard, Abu Dhabi, United Arab Emirates