Looking Back to Look Forward: π§΅
Like many, in March 2020 I started feeling very concerned about so many people losing their jobs , not having enough saved to cover basic needs like rent & food for even a month or 2.
And like many wonderful UAE residents, I too did my
best to support with π°.
However, they say give a gal π , & she will eat one day; teach a gal to π & she'll eat every day.
So partly to quell my anxiety but mostly to help the avg. hardworking person learn how to invest, I started blogging about investing.
If you're new to investing or want a refresher, here is how you can catch up. A short course in blogs & videos.
Lesson 1: Why should you invest?
Well, if weβve learned anything from this pandemic, itβs the importance of saving for uncertainties.
π @ 2 charts below H/T @SamRo
The top 1% holds 61% of their wealth in Equities & only 11% in Real Estate , 12% in π΅
Bottom 50% hold 55% in Real Estate, only 6% π΅ & 4% in Equity.
So, the top 1% have liquid assets that have ππ½ compounding effect to grow π°.
I explain more
Lesson 2: Budgeting & How To Save
Yes, you want that fancy car, fancy address or clothes, shoes, bags for that extra Instagram shoot. Certainly have fun but remember less is more.
Hereβs how I saved 32% of my income in my mid-twenties AFTER