Make big money in dubai

This is a great job where you can use your multilingual skills and earn money online. Nowadays people are showcasing their talents like acting, cooking, artworks, crafts anything just by having a channel and posting their videos on it. Use an internet trading platform such as ETrade. Keep an eye on arte. Happiness and a smile will always bring in business. Credit cards have become a lifestyle necessity for people in the UAE.

Stay at a budget hotel

In the UAE, this is magnified more so when you walk around any of its fancy shopping destinations. Advertisements give us all the bjg reason to upgrade and we constantly want the latest, fanciest, biggest and priciest. But, stop and think for a moment. Save consistently, even before you pay your monthly bills and debts. Find a way to gradually increase your savings rate to 6 per cent, 7 per cent, 10 per cent, if not duvai.

7. Accountant

Dubai is renowned for its 7-star hotel and other luxurious resorts. However, there are plenty of simpler and lovely hotels that are great for people on a budget. A cool trick to identify these hotels, is to search by neighborhood. Hotels in Downtown Dubai or Dubai Marina are much more likely to be way more expensive than hotels in Al Barsha, where most of the best budget hotels can be found. Although all these areas are only about minutes drive from one another, the different in prices can be shocking. Here, visitors can see what life in Dubai was like during the time of trade, when the Creek was the lifeline of the whole city.

Easy (and legal) ways to make some extra cash

In the UAE, this is magnified more so when you walk around any of its fancy shopping destinations. Advertisements give us all the more reason to upgrade and we constantly want the latest, fanciest, biggest and priciest. But, stop and think for a moment. Save consistently, even before you pay your monthly bills and debts.

Find a way to gradually increase your savings rate to 6 per cent, 7 per cent, 10 per cent, if not. Ideally, you should put aside 15 to 20 per cent of your savings in an investment fund. As soon as you are paid, split the money and put yourself on top of the queue. By paying yourself first, you get the satisfaction of saving something for a rainy day or your retirement.

Have one account for your expenses and have another one for your savings. Splitting the two allows you to keep tabs on your money better. This allows you not only to physically put your money in two places, but know the amount of money you have spent and saved up. Ideally, you should have more in your savings than in your expense account. Even someone who earns a minimum wage can be a millionaire if he or she consistently saves over the course of his lifetime.

Learn how mutual funds, exchange traded funds, trust funds, insurance and other long-term investments work. Or you can go old school and write it in a book. Keep track of how much goes. Whether you use a box, a can or a piggy bank, saving loose change is an amazing way to earn extra money. This practice guards against your impulse to buy, especially from stores that still take cash-only payments.

So if you do find yourself without any cash when you walk into a store, it cuts your impulse to spend. Converting everything you buy or want to buy into your home currency is silly. Besides different countries have different prices depending on various economic factors. With easy instalment plans and petrol being so cheap, walking into the 4×4 trap is not uncommon. But the amount you will end up paying in monthly instalments for a 4×4 compared to a regular car can work out to a difference of about Dh1, While getting a Salik tag is not very expensive and gives you the option of using Shaikh Zayed Road when necessary, you can avoid using it all the time.

People tend to buy too much food, stocking their fridge with food that eventually goes straight in the bin. Saving money on food is as easy as preparing your lunch at home, instead of buying lunch at work. When you do buy, go for quality over quantity. When you have a family, buy a quality couch that would stand the onslaughts of growing children. Buy quality because it actually helps you save money in the long term.

Even an occasional dinner at a nice place to mark a milestone in your savings plan can be helpful. Having something that really motivates you helps you stay focused on your goal.

Owing money is not worth buying that thing you want. As far as possible, stay away from credit card debt, as they charge up to 36 per cent a year. If you make big money in dubai to borrow at all, then apply for a personal loan, which in general charges much less than a credit card.

Borrowing causes stress, and stress is something you need to avoid. Before buying something you need, shop around for a better price, especially for food, clothes, shoes, cars, and insurance. Shopping can be extremely therapeutic and enjoyable, so instead of looking at it like a task, make a day of it. Developing a lifelong habit of saving and investing is not easy. It requires will-power and determination. Once this practice locks in and becomes automatic, financial success is virtually guaranteed.

Gifts that are well thought out are more appreciated than mindless ones picked on a trip to the mall. Keep your spending down on special occasions — birthdays, anniversaries and holidays such as Christmas. Credit cards can either be your worst enemy or your best friend. Credit cards also have the highest interest rates out of any borrowing mechanism from a bank. Live within your means and spend only what you.

If you do have a credit card the least you can do is to pay them off first and ensure you have zero balance each month. Paying the minimum is a trap as the outstanding balance remains the. Doing so would allow you to save thousands, each year. An emergency fund is helpful in case of unexpected misfortune — job loss, accident, death in the family. The rule of thumb here is to have an equivalent of three months of your salary kept aside as an emergency fund and within easy reach.

If you fancy something, wait for 24 hours before buying it. If you love window shopping, ignore shopping malls for a while — or altogether — because window shopping often turns into actual shopping.

Turn off appliances when they are not in use, switch to energy-saving lights and turn off the air conditioning when you leave the house. Even by placing a water-filled plastic bottle inside an average-size toilet flush tank to displace extra water will result in hundreds of litres of water being saved each month. Avoid taking extended showers or baths. All these add up. Take advantage of loyalty programmes that allow you to save points. These days most shops have loyalty cards so sign up with hypermarket loyalty programmes that convert your points into cash.

And, of course, make sure you sign up for a Gulf News Good Living discount card. Bouncing a cheque in the UAE is a crime.

Otherwise it will cost you dearly in charges, or even legal trouble. Make sure you and your loved ones get adequate insurance cover. If a medical condition or accident takes you away from work and you end up with a huge medical bill, insurance is a boon. Read the fine print. Some costs are necessary for your peace of mind if misfortune strikes.

People in Dubai work a lot. Most basic packages have all you need. Landline rates are usually cheaper than mobile phone calls, so use your home phone instead.

Limit your phone calls. Sign up for discounted rates offered by local phone operators for international calls. Even though a Wi-Fi connection is more expensive than the regular socket connection, in the long run it will save you more money on your phone bill as you will be using the Wi-Fi to connect to the web rather than using your phone data. Consider downgrading. It may be less comfortable, but if you want financial freedom and long-term peace of mind, it is definitely worth considering this option.

More people are using public transport in Dubai. Use the excellent Dubai Metro and try the improving public bus transport network. Medicine can be expensive. Research home brands of products and shop around at different pharmacies for lower costs. But get what you need — your health comes.

Avoid using laundry services. Set your washing machine at the minimum water usage. When dry cleaning your clothes, stick to the outfits your washing machine could ruin. A growing practice in Dubai is to wash your clothes at home and call the neighbourhood pressing service.

Question every expense. The longer you hold on a buying decision, the better your decision will be and the price you will get at that time. In the worst case, your expenses even rise higher than your income. If you get a raise, view it as a greater opportunity to save, not spend. The key is to set a savings target and stick to it. The degree of your success or failure in meeting financial goals lies in the ability to stick to your targets. You can manage them any time by clicking on the notification icon.

Tuesday, January 21, How To Your Money. All Sections. Yes, you can be Richie Rich too! Do your spending habits depend on genetics? Make every fils and dirham count. Owning a vehicle is easy in the UAE, and buyers are spoilt for choice with easy installment plans.

For illustrative purposes. Image Credit: Gulf News File. Don’t let every ’emergency’ become an excuse for credit card use.

Visit the Old Quarter

The best course of action is to register for the event management part-time evening make big money in dubai at EMDI Institute of Media and Communication. Share on Facebook. Aspiring expats typically check salaries and taxes in their desired destination, but you should also look into the culture and employment rights before getting a job abroad. Kayla Itsines shares her Dubai fitness tips. Follow Emirates 24 7 on Google News. In this case, Dubai dubau not have the same equal opportunity laws that you may be used to in your country.