As we head into the UAE’s long summer, it’s a great time to start saving. Lee Carey, partner in The Wealth Practice at Holborn Assets in Dubai, explains exactly why you should start putting away money… now.
Step one: Start
The hardest part of starting to save is exactly that: starting. You need to get used to putting money away each month, as hard as you may think that sounds right now. But the earlier you start, the less you have to put away to achieve your future goals – the magic of compounding (interest on interest) will deliver impressive growth on the money you put away first.