A friend asked me what financial advice I would give a young person just starting out in the world or work. With my eldest leaving university this year, this is a topic I have given some thought to, so here are 10 tips and a reminder to the rest of us of how to stay financially healthy.
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Happy New Year!
So, here we are in 2018 and you have been thinking about your personal goals for the next 12 months. Whether you’ve been in Dubai 1 year or 10 it is a useful time to take stock of your progress towards your longer term targets. So what should be on your financial check list?
Gulf Business recently published their results of the 2017 salary review. Those of use resident in GCC cannot have failed to notice the impact of the ‘low’ oil price on demand for goods and services. Further research suggests that employers are devising other ways of motivating their staff.
Hopefully you have managed to enjoy some of the Rio Olympic Games. The tremendous effort of thousands of athletes competing over two weeks is a marvellous spectacle. Of course, we all know the years of training it takes just to compete at this level. Many Olympians have full time jobs outside of their sport as well as families which makes their achievements all the more outstanding. There is not a single competitor who got there by chance. They had a plan and stuck to it. Where others saw reasons to give up, they saw challenges to be overcome.
Buying a property, whether it is the first or 21st is a big deal for most people. Whether it is for investment purposes or to live in usually involves a significant percentage of a person’s wealth. Therefore every precaution should be taken before committing fully to such an investment.