It’s taxing to keep a tab of the loans, credit card bills, and utility bills to pay these off timely and avoid incurring any additional charges.
Invest smart today for a better tomorrow
Smartest investment and life plans in UAE
The key to creating wealth is to inculcate healthy habits- like saving small amounts from your earnings periodically. Getting yourself accustomed to the habit of living on a bit less than you earn will help you to start the process of investing your earnings. The earlier you inculcate this habit the earlier you’ll be stable financially down the road of life. Even if don’t have much, you can let the compound interest do its job by growing the principal amount that you have invested initially.
Investing offers much bigger benefits when you have a bigger financial portfolio, but that necessarily does not mean that you cannot start investing with small amounts of money. The market is filled with several investment options where you can start investing with amounts as low as AED 200.
The concept of micro-investments in UAE is getting popular with time as it allows beginner investors to start investing and build a better and diversified investment portfolio.
According to a recent survey by Amazon, the Majority of residents (38%) in the UAE are only able to save 10% of their total income, while only (23%) residents of the UAE are able to save about 10 to 25% of their total earnings.
As an individual, you can choose any of the investment in UAE, listed below to start with little money-
If you are starting your investment journey it is recommended that you should avoid options like Forex and future trading as they involve high degrees of risk which are meant for investors who have an appetite for risks along with returns.
In a Nutshell
Financial investments in UAE are a must for every individual who is earning. Irrespective of the amount you earn monthly or annually you should always consider investing your money into some sort of investment plan or product so that you can receive some returns periodically.
Investing your earnings enhances the value of your financial portfolio and protects against emergencies which require immediate financial assistance.
One should start investing early in life to ensure that they have sufficient time to grow their savings, which will help them to live their lives to the fullest.