Time-saving financial planning tips for busy executives

As a high-powered executive in the UAE, your days are likely filled with demanding decisions and complex challenges. You're constantly striving for success in your career, but managing your personal finances might feel like another full-time job. Whether you're cash-rich or asset-rich, financial planning can easily fall by the wayside when you're juggling a busy schedule.

However, neglecting your personal financial planning can mean missed opportunities and unnecessary stress. Effective financial planning is crucial for achieving both your personal and professional goals, from securing your family's future to planning for a comfortable retirement.

At St. James's Place (SJP), we understand the unique financial needs of busy expat executives in the UAE. We can provide relevant advice to help you streamline your finances, so you can focus on what truly matters. Here are some time-saving tips to get you started:

Set clear financial goals

A well-defined financial plan starts with clear goals. Think about what you want to achieve financially, both in the short and long term.

- Short-term goals: Could include paying off debt, building an emergency fund, or saving for a down payment on a property.
- Long-term goals: Might involve retirement planning, funding your children's education, or leaving a legacy for future generations.

Automate your finances

In today's digital age, automating your finances is easier than ever. Utilise financial apps and tools to automate your savings and investments, ensuring consistency and frees you from the burden of manual transfers and transactions.

For example, you can set up recurring transfers to your investment accounts, schedule automatic bill payments. This allows you to maintain a disciplined approach to your finances without having to constantly monitor every transaction.

Consider hiring a personal financial adviser

One of the best time-saving decisions you can make is to hire a personal financial advisoer. A qualified advisor can provide expat wealth management advice tailored to your specific needs and goals, taking into account your unique circumstances in the UAE.

Think of it as delegating a critical task. Your advisor can handle the complexities of investment management, retirement planning, and tax optimisation, leaving you free to "live life" and focus on your career and family.

Simplify your investment strategy with a managed portfolio

For busy executives with no time to oversee their investments and monitor every move, a simplified and diversified investment strategy that keeps their hard-earned money working smartly towards their goals is essential. A managed portfolio can be an excellent solution, providing professional management and a tailored approach to your investment needs.

When choosing a managed portfolio service, consider your risk tolerance, time horizon, and financial goals. At SJP, we offer bespoke investment management services with access to a wide range of investment funds, including those not available to retail investors, ensuring your portfolio is aligned with your objectives.

Set aside time for regular reviews and updates

Even with a managed portfolio and a personal financial advisor, it's crucial to review and update your financial plan regularly. Life changes, and your financial planning should adapt accordingly.
Schedule periodic reviews to assess your progress, adjust your goals, and rebalance your portfolio as needed. Your SJP adviser can handle these reviews for you, ensuring your plan remains on track and relevant to your current situation.

Taking care of your finances doesn't have to be time-consuming

Efficient financial planning empowers you to focus on what matters most, without the constant worry of managing your finances. By implementing these time-saving strategies, you can take control of your financial future and enjoy peace of mind.

Let's talk. Contact us today to learn more about how SJP can help you manage your finances efficiently and effectively with the help of a financial planner based in the Middle East, so you can achieve your financial goals and live the life you desire.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.