Pocketful of Dirhams

By The National NewsBusiness Education Investing

Pocketful of Dirhams episodes

September 16, 2021 How gamers are earning cryptocurrency for a living
Video game players have discovered a lucrative side hustle – earning cryptocurrency by signing up for play-to-earn games.

One of the most popular play-to-earn games is Axie Infinity, which allows players to accumulate tradable cryptocurrency coins. In fact, it’s become a financial lifeline for many gamers who have lost their jobs in countries such as the Philippines, Brazil and Venezuela.

Built on the Ethereum blockchain, which was founded by Vitalik Buterin, Axie has grown from about 30,000 players in April to a massive 1 million in August alone. But there is an upfront fee for players who have to invest in a team of three Axies at a cost of about $600.

And this is even before you get to try the game out to decide if you like it – or not. Which makes you wonder: is it worth the investment and how easy is it to earn cryptocurrency through the platform?

Host Felicity Glover is joined by Devesh Mamtani, chief market strategist at Century Financial in Dubai, who discusses the pros and cons of play-to-earn video games.
16 min
September 07, 2021 How to break the fear of investing
Building up an emergency fund to ensure you are protected against any financial surprises is one of the golden rules of personal finance.
But once that emergency fund has hit its target of about three to six months’ of your monthly expenses, what should you do with the rest?

While many choose to invest their money to grow their net worth over time, others prefer to sit on their savings – storing it in bank accounts, or worse, under their mattress.

So what causes some people to fear the world of investing? And how can they break that fear and start making their money work for them?
Host Alice Haine is joined by Sam Instone, director of financial advisory firm AES International, who outlines how to get started in the world of investing.
26 min
August 31, 2021 What financial lessons have we learnt from the pandemic?
Over the past 18 months, the world has changed more than anyone could have predicted. The Covid-19 pandemic brought the world to a standstill, shutting businesses, schools, offices and shopping malls, and confining millions to their homes for long periods of time. While many saw their incomes dwindle or lost their jobs altogether, others boosted their savings as movement restrictions prevented them from spending.

Now, as the world slowly emerges from the pandemic, we have all benefited in some way from the extra time the pandemic gave us. Our busy lives stopped almost overnight and we were given a unique opportunity to reflect on how we lived our lives – which extended to how we spend our money. So, what has the pandemic taught us all about our personal finances? And what can we do, going forward, to ensure we have a better relationship with money?

Co-hosts Alice Haine and Felicity Glover discuss the money lessons they have learnt during the pandemic and whether or not they will continue with their new financial habits.

Hosted by Alice Haine
Produced by Arthur Eddyson
20 min
August 24, 2021 Is a four-day working week possible in the UAE?
Numerous studies around the world are indicating that a four-day working week can be successful, leading to an increase in productivity and happier, healthier employees as the work-life balance improves. Governments and private companies in countries such as Spain, New Zealand and Iceland have been experimenting with a reduced working week without cutting employees’ salaries.

Here in the UAE, a digital marketing company in Dubai recently announced that it is switching to a four-day working week from September until the end of the year to provide employees with a better work-life balance. While there are many factors for companies to consider before making the switch, is it possible that a four-day working week will become the norm for employees around the world or is it more about flexibility to achieve a better work-life balance?

Host Felicity Glover is joined by David McKenzie, group managing director at Dubai-based recruitment agency McKenzie Jones, who outlines his reasons why a four-day working week is unlikely to succeed in the UAE.
23 min
August 17, 2021 Will pent-up demand from Gulf buyers drive up UK house prices?
The UK’s property market experienced a mini-boom during the pandemic with house prices rising 8.5 per cent last year. This was in sharp contrast to Britain’s wider economy, which was hammered by the fallout from the Covid-19 crisis as the country endured a series of lockdowns.

While a stamp duty holiday helped to propel the market upwards, easier access to mortgage finance and a lockdown-induced desire for more space outside major cities also played their part. But one thing slightly dampening prices in recent months, particularly in London, have been the strict travel restrictions, which prevented wealthy buyers from jetting in to view homes. So, with travel curbs now easing, particularly in the UAE, what’s in store for the UK’s property market now?

Host Alice Haine is joined by Henry Faun, partner and head of Knight Frank's Middle East private office, who outlines how much pent-up demand from the region will affect British house prices.
16 min
August 10, 2021 How to find a financial adviser you can trust
Trust is key in any relationship, but when it comes to your money you need to be sure the person offering you advice is 100 per cent reliable. The relationship between the UAE financial advisory sector and resident investors has been dented in recent years due to the mis-selling of expensive savings, investment and life insurance products.

A number of regulatory changes rolled out last year aim to reduce the risk of mis-selling. Commission is now capped on new policies and financial advisers must include a mandatory 30-day “free-look” period that allows customers to cancel it without charge within the first month. Advisers are also now required to provide a benefit illustration to customers before the policy commences and a policy statement every six months. But what more could be done to ensure residents fully trust financial advisers in the Emirates once again?

Host Alice Haine is joined by William Tohme, senior regional head for the Mena region at the CFA Institute, who shares his insights on how trust can be boosted in the region.
27 min
August 03, 2021 Meet the teen trader who has made a Dh30,000 profit
Interest in trading has surged during the Covid-19 pandemic, with retail investors flocking to platforms such as Robinhood and Etoro to buy and sell stocks.

With time on their hands during movement restrictions and extra money to invest after a series of government stimulus packages, retail traders around the world have embraced the "gamification" of trading, which has been driven by US meme stocks such as AMC Entertainment and GameStop.

But there is one group of traders who have been flying under the radar: teenagers around the world have also jumped on the trend and are using their pocket money to trade in shares.

Host Felicity Glover, the personal finance editor at The National, is joined by Advait Arya, a 16-year-old trader from Abu Dhabi, who talks about his investing journey and how he made a Dh30,000 profit.
21 min
July 27, 2021 How to live a debt-free life
If there is one lesson the Covid-19 pandemic has taught us, it is to be financially prepared for once-in-a-lifetime events.

In a world where living beyond our means and being in debt has become the norm, setting up a financial safety net to protect our personal finances during economic downturns, such as the Covid-19 pandemic, can be difficult for many.

While the debt-free journey can be hard work, it is a realistic financial goal if you plan carefully, pay down your expensive debts as quickly as possible and rein in your spending.

Host Felicity Glover is joined by Steve Cronin, the founder of DeadSimpleSaving.com, who offers his advice on the steps to take to begin your journey towards a debt-free life — and protect your financial future.
38 min
July 20, 2021 Make managing your money a habit you enjoy
As the popular saying goes: money does not grow on trees. But wealth can grow through careful money management. While getting on top of your finances may seem like an insurmountable task for some, taking control and being consistent will help you turn a time-consuming chore into a habit you actually enjoy.

From tracking your expenses to following a simple budget and cutting down on unnecessary expenditure, there are a number of easy ways to help you stay on top of your financial affairs. While the Covid-19 crisis saw some people’s spending decrease dramatically last year, others suffered job losses that threw their personal finances into chaos. So, how can people get their finances back on track in this post-Covid era and how can it be done in a simple way?

Host Alice Haine is joined by Alexis Soued, the co-founder of Lune, a new personal financial assistance platform which aims to simplify money management and increase financial literacy in the Mena region.
24 min
July 13, 2021 Why Blockchain is worth far more than cryptocurrencies
It’s hard to pick up a newspaper these days without some reference to cryptocurrencies on the pages. But for some, the world of crypto assets and Blockchain technology seems like another language. Since Bitcoin was first created after the 2008 financial crash, cryptocurrencies have multiplied, along with their value.
While the rise and fall of crypto assets has been well documented with some investors making vast sums and others losing their life savings, scepticism from central bankers is rife. European Central Bank president Christine Lagarde has warned of the link between crypto assets and money laundering, while Bank of England governor Andrew Bailey told investors to only buy cryptos "if you're prepared to lose all your money". So with so much uncertainty around the future of cryptocurrencies, how viable are they and do they really have a place in the investment world?
Host Alice Haine is joined by Raša Karapandža, visiting professor of economics at New York University Abu Dhabi, who shares his insights on the misconceptions surrounding the technology.
30 min