Have you ever wondered how finance professionals manage their own money?
It can be difficult for many of us to manage our personal finances at the best of times, such as sticking to a budget, ensuring we have enough to cover our daily expenses and consistently saving for important financial milestones, such as a down payment on a home and retirement.
There's no doubt that financial literacy is one of the most important elements of successfully managing our money — but it doesn't come naturally to some people, who struggle to plan for a financially secure future.
While some of us may seek advice from a finance professional to help us on our path to financial security, others might be wondering whether those professionals manage their money differently to regular people. And are they more responsible and less susceptible to temptation than we are?
In this episode of Pocketful of Dirhams, host Felicity Glover speaks to Fazeela Gopalani, the head of the Association of Chartered Certified Accountants in the Middle East, who says that planning is key to managing your personal finances successfully — and something that she practices every day with her own money.
Hosted by Felicity Glover
Produced by Arthur Eddyson and Doaa Farid
Listen to last month's episode on whether ChatGPT can replace financial advisers:
More Expo 2020 Dubai pavilions:
'Worse than a prison sentence'
Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.
“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.
“They were living in perpetual mystery as to how their futures would pan out, and what that would be.
“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.
“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.
“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”
How the bonus system works
The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.
There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).
All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.
