A common dilemma many people face: to invest in property or stocks? You are in the fortunate position of having an emergency fund saved and some excess cash. What to do with it? On the one hand, you have people who swear by real estate. The stock market is just fancy gambling, they say. Bricks …
To Invest in Property or Stocks: 10 things to consider Read More »
One of the most frequently asked questions of expats is ‘what’s the best way to transfer money internationally?’ Expats earning in different currencies than their home currency may have to send money home to support family or meet financial obligations in their home country. In addition, people earning in currencies such as the UAE Dirham …
What’s the best way to transfer money internationally? Read More »
What does ‘savings rate’ mean? Savings rate is a fairly straightforward metric to calculate and track. It is essentially just your total income minus your total expenditure in any given pay cycle, month, year, or other timeframe of your choice. This is, in my opinion, the best indicator of your financial health. Your savings rate …
You probably left your home country to work as an expat for a higher salary, better employment package and quality of life and to experience a new culture. However, mental health concerns such as loneliness and homesickness quickly led to behaviour that increases the likelihood of financial stress. You spend more, and you aren’t sure …
Expats more prone to money-related mental health issues Read More »
Investing can seem convoluted and risky before you get started. There is so much information – what are stocks, equities and bonds? Which ‘stocks’ should I invest in? What platform should I use? What do all these little squiggly lines mean? What is the S&P 500? The Dow Jones and the London Stock Exchange? Should …
You decide to live abroad for a few years – a new experience, travel opportunities, luxury lifestyle, tax free salary, why not? Home will still be waiting when you rejoin ‘normal’ life after your stint away. Then 4, 5, 6 years later… you’re still there! My colleague coined the UAE ‘convenience quicksand’ – how quickly …
