The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Personal <strong>Finance</strong><br />
How to Get Rid of Debt and start Saving<br />
and Investing<br />
Saving money is crucial for building financial security and achieving longterm<br />
financial goals. It involves spending less than you earn and investing the<br />
difference wisely, but in order to that, you have to be debt free. In this article, we<br />
provide you with strategies that help you eliminate your debt and begin saving<br />
and investing.<br />
Being debt-free is crucial for<br />
achieving financial stability<br />
and security, as debt repayment<br />
reduces financial stress, allowing<br />
you to focus on achieving long-term<br />
financial goals. Paying off high-interest<br />
debt can save you money in the long<br />
run and enable you to free up funds for<br />
more important things like saving for<br />
retirement or investing in your future.<br />
Although becoming debt-free requires<br />
discipline, planning, and time, it may<br />
happen faster than you think once you<br />
comprehend your spending habits,<br />
establish a plan to address them, and<br />
execute the plan. To accelerate debt<br />
repayment and free up funds for more<br />
important purposes, you may consider<br />
these five tactics:<br />
Establish a budget and adhere to it:<br />
Curbing unnecessary spending is crucial<br />
in preventing debt from snowballing.<br />
Identifying essential monthly expenses<br />
will assist you in making wise spending<br />
choices.<br />
Begin with the highest-interest<br />
debt: Compile a list of all of your debts,<br />
including credit cards, student loans,<br />
car loans, personal loans, and so on,<br />
to obtain a comprehensive overview of<br />
your situation. Pay at least the minimum<br />
amount on all debts on or before their<br />
due dates, with any extra money going<br />
toward the debt with the highest interest<br />
rate, usually a credit card. This strategy<br />
allows you to become debt-free faster while<br />
also saving you money over time. Some<br />
financial experts recommend paying off<br />
the smallest-balance debts first. Crossing<br />
them off your list can motivate you to<br />
stick with the plan. Determine which<br />
approach is most effective for you.<br />
8 www.thefinanceworld.com <strong>March</strong> <strong>2023</strong>