5 SIMPLE PRINCIPLES
TO FINANCIAL FREEDOM
01Be grateful for what you have
02Wait until you have enough cash for things you want
03Create a monthly budget. Stick to it!
04Do all you can to stay out of debt
05Save and save and save
WHY IS IT SO IMPORTANT TO SAVE?
Perhaps you feel confident that you and your family will always have more than enough to live comfortably, but most of us have experienced times when unexpected expenses left us squeezing every last fil out of the account before month end – or, worse, having to borrow the cash to keep up.
Life is full of unexpected twists and turns. Money problems can have a serious impact on our physical and emotional well-being, as well as our quality of life. With a serious savings plan in place, you need never know this kind of stress. Quite simply…
When you’re on top of your money, life feels easier
You can channel your energy into things that bring you and your family happiness
THERE IS ALWAYS
AN EXCUSE NOT TO SAVE
BUT… failing to be disciplined about saving today can quickly become a source of stress and anxiety. Instead of making excuses or splashing out on things you want but don’t really need, sit down and make a list of financial goals that will get you the things you and your family REALLY deserve.
THESE ARE SOME COMMON
FINANCIAL MISTAKES OF Young UAE RESIDENTS
Living beyond their means, with fancy cars, expensive brunches and shopping splurges
Failing to build up an emergency cash fund
Falling for the convincing talk of unregulated financial advisers
SAVING TODAY
Puts you in control of your money
Gives you unbeatable peace of mind
Opens the doors to options and opportunities
Helps you reach important life goals
Makes it easier to accumulate wealth over time through compound interest
START SAVING..
TODAY
Thanks to the power of compound interest, an early start to your savings plan can make an astonishing difference to the growth of your nest egg. A 20-year-old student who puts away just a hundred dirhams a month, for example, could wind up much richer than if he had only started saving at 30!
Even so, it’s never too late to start. Whether your Big Dream is to start your own business, own your own home or retire debt free, we hope the sound financial advice and helpful tools in this digital magazine will encourage you to formulate your very own savings strategy and put it into action. Today!