Pocketful of Dirhams
How to negotiate the best car deal

How to negotiate the best car deal

April 26, 2022

Buying a new or used vehicle can be an overwhelming experience for many — especially if you know very little about cars and what to be aware of before making a commitment.

But cutting through the noise of slick sales talk and the many deals that are on offer in the UAE — which typically include extended warranties, free service packages, insurance and registration for the first year — is only the first step.

It is essential to do your research and set a budget before deciding on which car to buy: new, second-hand or even electric, experts say. It is also important to consider the cost of running a car, more so these days with higher petrol prices, as well as its long-term value.
So, where do you begin?

Host Felicity Glover is joined by automotive entrepreneur Naz Chaudhry, who shares his tips and tricks on how to negotiate the best deal when buying a car in the UAE.

Hosted by Felicity Glover
Produced by Arthur Eddyson and Ayesha Khan

How to protect your life savings from online scammers

How to protect your life savings from online scammers

March 29, 2022

Protecting our finances online has become more difficult since the start of the Covid-19 pandemic, when we switched our lives online to work, study and shop from home during movement restrictions.

The recent spate of true-crime documentaries on streaming services, including Netflix’s The Tinder Swindler, Bad Vegan and Inventing Anna, have served to highlight the issue — showing just how easy it is to trick people into handing over their life savings to a scammer.

Since 2020, online fraud has surged around the world, according to cyber security experts. But what are the red flags and how can you tell if an SMS, a website or even a social media post is genuine?

Host Felicity Glover is joined by Salah Suleiman, the UAE sales manager at internet content security company Trend Micro, who talks about online fraud and how to protect your hard-earned money.

Hosted by Felicity Glover
Produced by Arthur Eddyson and Ayesha Khan

UAE salaries: why the outlook is positive in 2022

UAE salaries: why the outlook is positive in 2022

February 22, 2022

Salaries, hiring and workplace trends have been some of the biggest concerns for employees since the Covid-19 pandemic began two years ago. From temporary furloughs to salary cuts and working from home, it has been a difficult experience for many people around the world.

However, the jobs market in the UAE will continue to recover in 2022 as business confidence and hiring activity return to pre-coronavirus levels, according to recruitment experts. A number of specialist recruitment agencies in the UAE are forecasting that our take home pay could rise as much as 5 per cent this year. But what other benefits can we look forward to?

Host Felicity Glover is joined by Grace Eldridge, a business manager at recruitment specialist Hays Middle East, who talks about this year’s UAE salary trends.

Hosted by Felicity Glover

Produced by Arthur Eddyson and Ayesha Khan

Why balance is important for happiness, health and wealth

Why balance is important for happiness, health and wealth

January 25, 2022

Personal finance expert and author Andrew Hallam has inspired expatriates around the world to invest more effectively through his international bestselling books Millionaire Teacher and Millionaire Expat, which detail his journey about how he built a million-dollar portfolio of low-cost exchange-traded funds on a teacher’s salary.

Hallam, who started investing as a teenager and became a millionaire at 37, has a new book out this month: Balance: How to Invest and Spend for Happiness, Health and Wealth. Balance was inspired by Hallam’s curiosity about why people equate success with money and career. While these aren’t bad goals, he says, there is more to life than work and a salary. Hallam believes success should be measured by life satisfaction based on four factors: strong relationships, having enough money, good health and a sense of purpose. But how do we achieve this?

Host Felicity Glover is joined by Hallam, who talks about his new book and why it’s important to find the right balance in your financial life.

Hosted by Felicity Glover

Produced by Arthur Eddyson and Ayesha Khan

Why it is important to stress test your portfolio

Why it is important to stress test your portfolio

December 28, 2021
With so much talk about stagflation, inflation, stock market bubbles, the Covid-19 pandemic and the supply chain crunch, investors have every right to feel jittery these days. And as central banks start preparing to withdraw their pandemic stimulus measures, now is the time to put your investment portfolio through a stress test to help protect your financial future. Taking steps to shield your portfolio from market forces should be done at least once a year, experts say.
 
While nobody can accurately predict when a crisis may happen, the best way to protect your investments is to globally diversify your portfolio across a spread of assets. This means not putting all your eggs in one basket and diversifying it across a range of assets, including commodities, government bonds, property and equities. The idea behind this is if one asset performs poorly, the others can offset this, experts say.
 
But what are the red flags and how do you position your portfolio to hedge against market threats?
Host Felicity Glover is joined by Stuart Ritchie, director of wealth advice at AES International, who takes us through the steps of stress testing our investment portfolios.
 
Hosted by Felicity Glover
Produced by Arthur Eddyson and Ayesha Khan
Meet the Dh50 million Mahzooz winner Junaid Rana

Meet the Dh50 million Mahzooz winner Junaid Rana

November 30, 2021

Almost everybody has dreamt of one day winning a life-changing amount of money. For most, however, it remains nothing more than that: just a dream. But for Junaid Rana, a 36-year-old Pakistani driver who grew up in Dubai, that dream became reality when he won Dh50 million ($13.6 million) after entering a Mahzooz weekly draw last month.

He’s gone from earning Dh6,000 a month as a company driver to now having the financial freedom that many people spend a lifetime seeking. One month on from his life-changing win, Mr Rana says he’s still coming to terms with the fact that he’s a multimillionaire and no longer has to work for anybody.

Host Felicity Glover is joined by Mr Rana, who talks about his future plans and how this life-changing amount of money will make a difference to his and his family’s life.

Hosted by Felicity Glover
Produced by Arthur Eddyson and Ayesha Khan

How to make money grow on trees

How to make money grow on trees

October 26, 2021
“Money doesn’t grow on trees” is an expression we have all heard at some point in our lives. It might be something our parents told us or we tell our own children when they demand things that are too expensive. The transformational coach and yoga teacher Esra Ogut, author of Money Does Grow on Trees: The Myths We Create and Live By, says the reverse is true.
 
Ms Ogut, a former shoe salesgirl from Turkey turned millionaire living in the US, believes that success is a matter of personal choice and the key to this is simply learning how to make that happen. This can be done by removing those self-imposed limitations that block us from success and hide the money that is sitting out there on trees waiting to be picked.
 
So, how we break those self-imposed limitations to ensure we can achieve prosperity? Host Alice Haine is joined by Ms Ogut, who outlines the steps to take for increasing your wealth.
 
Hosted by Alice Haine
Produced by Ayesha Khan and Arthur Eddyson
Why this man is on a mission to help others save money

Why this man is on a mission to help others save money

September 28, 2021

If there’s one lesson that the Covid-19 pandemic has taught us, it’s that being financially secure during times of uncertainty is crucial. This includes having a financial safety net to protect against job loss or other unforeseen events, as well as saving and investing for the future. But money skills continue to lag, according to a 2019 financial literacy survey by Visa, which found that 43 per cent of respondents in the UAE felt they were not ready to manage their own money.Another 53 per cent said schools did not prepare them enough to take care of their finances.

And this is where Rolly Brocales is hoping to make a difference. The managing director of restaurant chain Off The Hook is on a mission to help his 90 employees save for their futures by teaching them financial literacy skills. Host Felicity Glover is joined by Mr Brocales, who discusses how he and his partners are helping their team invest and set financial goals.

Hosted by Felicity Glover
Produced by Ayesha Khan and Arthur Eddyson

How gamers are earning cryptocurrency for a living

How gamers are earning cryptocurrency for a living

September 16, 2021
Video game players have discovered a lucrative side hustle – earning cryptocurrency by signing up for play-to-earn games.
 
One of the most popular play-to-earn games is Axie Infinity, which allows players to accumulate tradable cryptocurrency coins. In fact, it’s become a financial lifeline for many gamers who have lost their jobs in countries such as the Philippines, Brazil and Venezuela.
 
Built on the Ethereum blockchain, which was founded by Vitalik Buterin, Axie has grown from about 30,000 players in April to a massive 1 million in August alone. But there is an upfront fee for players who have to invest in a team of three Axies at a cost of about $600.
 
And this is even before you get to try the game out to decide if you like it – or not. Which makes you wonder: is it worth the investment and how easy is it to earn cryptocurrency through the platform?
 
Host Felicity Glover is joined by Devesh Mamtani, chief market strategist at Century Financial in Dubai, who discusses the pros and cons of play-to-earn video games.
How to break the fear of investing

How to break the fear of investing

September 7, 2021
Building up an emergency fund to ensure you are protected against any financial surprises is one of the golden rules of personal finance.
But once that emergency fund has hit its target of about three to six months’ of your monthly expenses, what should you do with the rest?
 
While many choose to invest their money to grow their net worth over time, others prefer to sit on their savings – storing it in bank accounts, or worse, under their mattress.
 
So what causes some people to fear the world of investing? And how can they break that fear and start making their money work for them?
Host Alice Haine is joined by Sam Instone, director of financial advisory firm AES International, who outlines how to get started in the world of investing.