The former resident has been stuck in Pakistan because of the Covid-19 travel restrictions and his banks are now threatening a travel ban and legal action
But reaching that $1 million mark is easier said than done. It takes patience, discipline and a millionaire mindset to reach your financial goals.
It’s also about having a long-term investment strategy, living below your means and sticking to a budget that will allow you to invest your savings regularly and get your money to start reaping the benefits of compounding interest as soon as possible.
But what exactly is a millionaire mindset and how do you manage your money like a millionaire?
Host Felicity Glover is joined by Sam Instone, the co-chief executive of wealth management company AES, who shares his advice on how to change your mindset and reach your financial goals.
Understanding the importance of giving back can lead to positive affirmations for children, making them feel as though they can make a difference in the world and help others less fortunate.
According to some studies, generosity towards others activates a part of our brain that is similar to feelings of pleasure – and can help us become more empathetic, responsible and kinder as adults.
But how do we teach our children how to give back and help others – and is there a certain age we should begin?
Host Felicity Glover is joined by Soniyaa Punjabi, a life coach and founder of Dubai-based well-being centre Illuminations, who shares her top tips on the best ways parents can teach their children about charity.
I have two credit cards and when my salary was reduced, I would use one credit card to pay the other. I would do this every month to keep the collection agents away, but I also used them for living expenses, such as buying food and paying for my phone and the internet.
However, I have now reached the credit limit on both cards and cannot use them. I will not be able to afford to pay even the minimum amount that is due at the end of the month and I am worried about what will happen if I start to miss payments on the credit cards.