Pensions, Finance, and Property

Planning for the Future
We all love using the saying ‘YOLO’ (you only live once) as an excuse to spend and live the high life, especially here in Dubai, but the truth is we need to start planning for the future, no matter what your current income is today.
Unfortunately being an expat or even a resident of your home county, pensions are not what they used to be so its time to get planning and saving for the future (as boring as it sounds).
I work alongside a Financial Advisor called Carla De Silva from Finsbury Associates based in Dubai.  She will be able to forward plan your financial requirements, please see her bio below. 
One of the best ways to secure future income is by acquiring investment properties for either yourself, your spouse or your children.  
I have some great UK and Dubai rental properties which should not only see great rental returns but also appreciation.   
Please reply to this email if you need assistance in financial planning with Carla, valuation of your current property portfolio or assistance with your first purchase.  
Laura Adams  Managing Director 
Carla De Silvo
My name is Carla De Silvo and I work for Finsbury Associates here in Dubai. I help expats manage their money and set goals for the future. It is important for you to set goals and grow your portfolio to be diversified. For example, having some property, emergency cash and long-term savings invested in funds, bonds and commodities.
There are dozens of excuses that people use for not saving for retirement or a deposit for your first property. And they all sound good. In fact, you probably have a few of your own. Rather than add fuel to the fire, in this article, we’ll give you some reasons why you should save for a future goal whether short term or long term.
Excuses Vs. Reasons
Excuses are just justification for not doing what we know we should be doing or should have done. Therefore, you should save because:
  • You don’t want to rely on the welfare system to finance your retirement years. That’s if you even qualify.
  • Do you want to be paying someone else’s mortgage all of your life in rental?
  • Saving in a tax-deferred retirement account reduces your income taxes.
  • Saving in a tax-deferred account produces a compound effect on your return on investment. Tax paid is determined by you and when you decide to drawdown.
  • Have your money working hard for itself above inflation in an offshore jurisdiction to protect from Sharia Law asset splits.
Sound good?
I have always been a great believer in making the most of our opportunities. I used to pay 40% on a proportion of my salary back in the UK. I moved to a tax-free environment but I continued to remove the tax I was always used to paying but instead of the government keep it I saved it for a rainy day.
Saving is all about dedication. We need the discipline of a vehicle that stops us dipping in or even skipping a few months. I can help expats set up an offshore vehicle to help save towards that….house deposit, education university planning for your children, retirement or even buying a Ferrari!!
“Don’t save what is left after spending, spend what is left after saving”
Warren Buffett
Please see the full report here:

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