If you’re growing your wealth, is it better to put the extra cash in your savings account, to add it to your emergency fund (so you won’t touch your savings in case you suddenly need money), or to invest it elsewhere?

The point is not growing your wealth but WHY you want your wealth to grow. Your “why” will clarify what kind of financial products you ultimately need. My advice is to make a financial plan to prioritize your financial goals. With each financial goal, match this with appropriate financial products and strategies that will make your dreams come true.

Having said that, here’s what you should do…

When you are building your emergency savings, you are increasing your protection against unforeseen events that could force you to take loans and bury you in debt when it happens. It is the first step toward wealth accumulation. So, the first step in wealth accumulation is to build your emergency savings.

Investing comes after you have mastered savings discipline. The first sign that you have savings discipline is building emergency savings equivalent to at least nine months of your expenses.

Learn how investment works while building your emergency savings to get a headstart. Of course, always keep in mind my first caveat above – know WHY you are investing – match your why with appropriate investment products as you learn more about them.

And before I forget, learn from a third party or disinterested persons or sources. Avoid getting information from brokers or agents whose ulterior motive is to sell you their product and earn commission – do your own research; learn from actual investors; read books and attend seminars from legit institutions.

Insurance that covered general check-up, and have dental insurance for the money smart card users, that can able to use the insurance when you deposit for your account in 6 months without failing, but ofcourse you can set how much need to deposit and how much the limit, and make other options.

Wages card can be introduced for low scale workers.
Features:
1. Salaries can be tracked by the UAE goverment to confirm if the worker is getting salary as per contract
2. Bank will get more clients
3. Instant wages kit for new boarding without visiting branch
4. Low scale workers will be benfitted with digital platform

This card will be like multiple currency other than AED it will be helpful for spending out with worrying when lost or stolen as money inside the card is what you put inside... Multiple currency with international exchange rate...

This card will be like multiple currency other than AED it will be helpful for spending out with worrying when lost or stolen as money inside the card is what you put inside... Multiple currency with international exchange rate...

A digital wallets integrated with Apple or Samsung Pay, where your bank cards (Debit, Credit, Prepaid) are all stored and you can simply pay with your digital wallet app by selecting which card you want to pay from. What would be even more cool would be if the app/digiral wallet can identify which card/bank stored in the wallet gives you best value (cashback, airmiles, points, discount) and you can either select to pay from that or over-ride the suggestion and pay with another card linked to the app.

It will be helpful for users and members if you can offer a loan that is specifically for health and treatment only. That can be pay in installment basis. Since the Dubai has a minimum 4000AED minimum salary to buy the comprehensive policy. Lets us try to help low income salary employees.. Who is working for our companies. If our employers are not giving the same then I guess its not that bad if we change the people views. Being a moneysmart member/user will be highly appreciate and many people will consider to join us if there will be an option to help them in this issue. Just saying.. Cuz I also need. my employer is being kanjoos.. They didn't think that if they give their employee a good health insurance then I will renew my contract.. And will do my work more actively. so InshaAllah.. This will get approve..

For smart banking app there should be an option where you can top up your account using debit card instead of account to account transfer which takes longer time.... By using the debit card from any other bank to top up the account which is faster... it will be like online purchase.

Because dreams never grow old

Different people have different dreams for their retirement. You have a dream too but, will you have the resources to make your retirement years special and fruitful by maintaining your desired lifestyle and fulfilling your dreams?

FutureInvest, an insurance plan which gives you the choice to save for your retirement years ahead while you are young and earning so that you will be able to continue the same lifestyle after retirement without having to depend on anyone else or compromise on your dreams.

How does this plan work?

FutureInvest provides you a dual opportunity: risk protection and an investment via a unit fund account. You can select to either pay a single premium at one time or regular premiums on an yearly, half-yearly or monthly basis.

This is a flexible and tailor-made retirement plan that ensures that you receive the accumulated cash amount at maturity enabling you the luxury of choice to live your new life with your loved ones on your own terms.

You also have the choice to select the amount payable in case of the unfortunate event of death prior to the maturity of your policy:

Option A: Higher value return

Receive the higher of either the cash value or sum assured.

Option B: Added value return

Receive both the sum assured plus the cash value.

اصدار بطاقة تسمح لك بايداع فيها مبلغ معين واستخدامها اونلاين فقط على بدون حد اقصى للاستخدام او بدون سفق للبطاقة واسترجاع 1 بالمية من المبلغ المستخدم