Andrew Hallam Speaks at Tactical Digital Agency: Dubai

Yesterday, I spoke to the team at Tactical Digital Agency.

Company founder, Mike Khouri and Account Director, Linda Murphy brought me in for the afternoon to speak about financial wellness.

I was excited to see such a young team of professionals. I spoke to them about opportunity costs, showing them how small, personal financial decisions can have really big impacts.

We worked out how much money they should be saving for their retirement. And then we talked about investing. That’s always interesting, considering the high number of commission-based financial salespeople lurking in the UAE.

Such sales-based products hide enormous fees. As a result, it’s almost impossible to beat inflation with such schemes. The armies of cold-calling salespeople make a small fortune, which is why they’re so eager to grab new victims. In short, the first 18 months of an “investor’s” premiums go towards the salesperson’s commission. That money is gone forever.

That’s why I showed them something better: the principles that I teach in Millionaire Expat.

That was one of the things Mike Khouri and Linda Murphy wanted me to share with their team. People enjoy working for people who show they care. I’m always impressed when I see corporate leaders make solid steps in this direction. Well done, Mike and Linda.

I enjoyed working with everyone at Tactical yesterday.

May you all live long and prosper.

Photo courtesy of Vince Flores

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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