Skybound Wealth Management - Soar Issue 3

Why Expat Wealth Management Needs Expert Guidance

Why Psychology Holds You Back From Hitting Your Investment Goals

The Hidden Risk Of Delay For Expats In The UAE

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Senior Management.

Mike Coady Chief Executive Officer

Peter Gollogly Regional Director - Europe

Veronica O’Brien Group Head of Corporate Affairs

Lily Johnson Group Head of Talent

Adeeb Khan Team Lead - Technology

Dmitriy Ermakov Group Head of Marketing

Danny Sutherland Group Financial Controller

Maria Darmanin Demajo Operations Manager – Cyprus

Maria Nikolaou Head of Compliance - Europe

Husain Rangwalla Chief Technology Officer

Carlo Casaleggio Group Head of Compliance

Carla Smart Group Head of Pensions

Bryan Bann Regional Manager - Europe

Richard Gartland Area Manager - Cyprus

Jaya Prakash Goulikar Head of Compliance – Middle East

Elyka Ygnacio Operational Finance Manager

Tyrone Witehira Head of Asia

Josh Burton Chief Financial Officer

Tom Pewtress Group Head of Proposition

Josh Watson Group Head of People

Spencer Hidge Head of Regional Performance

Taylor Condon Area Manager - Spain

Bethany Ward Partnerships Manager

Ashley Eyre Head of Compliance - UK

Michelle Koh Operations Manager - Asia

About Us.

Skybound Wealth Management stands as a benchmark of excellence in the world of international wealth management. As an independent firm, we pride ourselves on delivering bespoke financial solutions tailored to meet the unique needs of our global clientele. Our innovative approach combines the agility of a boutique firm with the expertise and resources typically associated with a major financial institution.

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£1 billion international clients & growing

of client assets under management

5,000 +

A Message From Our CEO, Mike Coady

At Skybound Wealth, growth is at the heart of everything we do, not just as a company, but as a team committed to serving you better. I’m incredibly proud of the many advisers who have recently earned new certifications and qualifications. This is a testament to their dedication and the continuous improvement we strive for every day.

Personal development is something I take very seriously, both for myself and for our team. Recently, I completed and passed three further exams, including the CySEC Advanced certification. While it’s a personal milestone, it’s also part of the broader culture we’ve fostered at Skybound, a culture where staying sharp, knowledgeable, and adaptable to the ever-changing financial landscape is a priority for everyone.

Following significant expansion in 2024, we’ve already welcomed 34 new team members in 2025. Our growth reflects the increasing demand for our services and our commitment to providing top-tier financial advice and support. We're building something bigger, better, and stronger than ever, with elite advisers, key leadership, business developers, and world-class client support.

Additionally, I’m thrilled to announce that we are expanding into Asia, bringing our personalised financial services to a rapidly growing market. This global expansion reflects our continued commitment to serving clients wherever they are, with the same level of expertise and care that defines Skybound Wealth.

As markets continue to show volatility, it’s more important than ever to stay focused on the longterm and avoid reacting impulsively to shortterm fluctuations. At Skybound, you have access to a wealth of expertise at your disposal. Our Chief Investment Officer, the wider Investment Committee, and experienced advisers work together to ensure that your financial strategy is resilient and built for the future.

In this edition of SOAR, we’ll take a closer look at how our team’s growth, our resources, and our global expansion are shaping the future of wealth management. We’ll also discuss the importance of staying calm in today’s market, thinking longterm, and leveraging the expertise available to you at Skybound Wealth.

Thank you for being part of our journey. We look forward to continuing to grow and serve you.

Mike Coady

Mike Coady Chief Executive Officer

Why Expat Wealth Management Needs Expert Guidance 16. 08.

Contents.

Why Psychology Holds You Back From Hitting Your Investment Goals

DIY Reality Check: Why Expat Wealth Management Needs Expert Guidance 08.

Kieran Tween explains why DIY investing falls short for expats and how expert financial advice ensures a structured, long-term wealth strategy.

Tyrone Witehira Joins Skybound Wealth to Lead Expansion into Asia 13.

Tyrone Witehira joins Skybound Wealth as Head of Asia, leading our expansion to provide expats with expert, personalised financial advice.

The Financial and Mental Burden of Social Media 14.

Max Gerstein of Skybound Wealth discusses how social media drives impulsive spending, and the importance of financial planning for retirement.

Why Psychology Holds You Back from Hitting Your Investment Goals 16.

Christopher Bowler discusses why investor behaviour, not market volatility, is the biggest challenge to building longterm wealth. Learn how to stay on track.

How to Protect Your Wealth as an Expat: Cross-Border Financial Strategies 20.

Kieron Donovan, Financial Adviser at Skybound Wealth Management, shares expert strategies for securing and growing wealth across borders.

The Hidden Risk of Delay For Expats in The UAE 22.

Delaying investment decisions can impact long-term financial security. Learn how expats can maximise tax-free earnings and build wealth with the right strategy

The No-Spend Challenge: Smart Financial Discipline Or A Temporary Fix?

Budgetinglike A CFO: Josh Burton’s Expert Tips For 2025 42. 56.

Why Women Need to Talk About Wealth, Not Just Income 24.

Women are earning more than ever, but income alone isn’t enough. Discover investment and wealth-building strategies for female professionals.

The Financial Advantage For Expats In The Middle East 28.

David Neville shares key strategies for maximising tax-free income, avoiding lifestyle inflation, and securing long-term financial success.

Swiss Pensions: What Expats Need to Know About Pillar 3A Amendments 30.

Learn how expats in Switzerland could benefit from the latest Pillar 3A pension changes, maximise tax savings, and enhance their Swiss pension strategy.

Q1 2025 Review & Q2 2025 Outlook 32.

Skybound Group Chief Investment Strategist Jabir Sardharwalla reviews fund Commentary: Q1 2025 Review & Q2 2025 Outlook

Property Decisions: Mortgage or No Mortgage? 40.

Simon Athwal explores whether to buy property outright or take a mortgage. Expert advice for expats in Dubai considering international property investments.

The No-Spend Challenge: Smart Financial Discipline or a Temporary Fix? 42.

Mike Coady, CEO of Skybound Wealth explores the No-Spend Challenge, its benefits and limits, and why longterm wealth building goes beyond cutting expenses.

The Confidence Crisis: Why Women Avoid Investing 46.

Umarrah Shafiq examines why women avoid investing and how education, support, and strategy can help them build confidence and secure their financial future.

Shaping Future Mindsets Through Financial Education 48.

At Skybound Wealth, we believe financial confidence starts early. That’s why we’ve been working with schools across the UAE to deliver real-world lessons.

Market Volatility: Challenge or Opportunity? 50.

Tom Pewtress breaks down recent market volatility, why investors should stay the course, and how diversification helps protect long-term wealth.

Client & Adviser Feedback: Shaping The Future Of Wealth Tech 54.

Built with real feedback from both clients and advisers, it’s more than just an app – it’s a fully integrated platform that puts you in control of your financial journey.

Budgeting Like a CFO: Josh Burton’s Expert Tips for 2025 56.

Skybound Wealth's Josh Burton draws on his many year' experience to share his insights on budgeting like a CFO.

In The Spotlight: Paul Butler 58.

Paul has been a cornerstone of our team, guiding not only his clients, but also mentoring younger advisers, helping them find their footing and thrive in their roles.

DIY Reality Check: Why Expat Wealth Management Needs Expert Guidance

Managing your money as an expat often means dealing with multiple currencies, tax laws, and investment options that aren’t always straightforward. The appeal of DIY investing is understandable, online tools and robo-advisers promise simplicity and low costs.

But building lasting wealth requires more than picking a trending ETF or following social media stock tips. It demands a structured approach to financial advice, shaped around your goals, risk tolerance, and the realities of living abroad. That’s where expert guidance makes all the difference. Instead of relying on generic strategies, a financial adviser helps you turn your income into long-term wealth while keeping your financial plan aligned with your changing circumstances.

Written by Kieran Tween Financial Planner

Why DIY Investing Falls Short for Expats

The rise of DIY platforms has made investing easier, but ease doesn’t always mean effectiveness. Many expats assume they can manage their finances without professional input, only to run into issues later. Research by the UK’s Financial Conduct Authority (FCA) indicates that many self-directed investors overestimate their understanding of financial markets, leading to high-risk investment choices that may not align with their financial objectives. According to the FCA report, 51% of newer investors use investment apps like Trading 212 or eToro, often lured in by commission-free models, while 45% of self-directed investors do not view “losing some money” as a risk, despite disclaimers.

“...building lasting wealth requires more than picking a trending ETF or following social media stock tips.”

“...seeking advice from a financial professional is essential to ensure your strategy is tailored to your personal goals and the realities of expat life in both the medium and long term.”

Take this real-life example:

Profile:

A 40-year-old professional living abroad, aiming for financial independence in 25 years.

Risk Profile:

Categorised as “balanced” by an automated questionnaire.

Actual Portfolio:

£100,000 in cryptocurrency, £50,000 in cash, and no pension or diversified investments.

At first glance, the investor appears to have a wellbalanced approach. But in reality, their portfolio is heavily weighted towards speculative assets.

Here’s why it’s high risk:

Lack of diversification

The bulk of the portfolio is in cryptocurrency, a notoriously volatile asset class. While crypto has upside potential, it can experience sharp drops, with losses exceeding 50% in a matter of days.

No traditional investments

There’s no exposure to stocks, bonds, or funds that provide stability and long-term growth.

Cash drag

Holding a large amount in cash with no investment plan means missing out on potential growth, especially in an inflationary environment.

No retirement planning

Without pension savings or long-term investments, this portfolio doesn’t align with the goal of financial independence.

This example highlights how labels like “balanced” can be misleading. A tailored wealth management plan goes beyond risk questionnaires to ensure a structured, adaptable investment strategy that reflects real-life priorities.

“A tailored wealth management plan goes beyond risk questionnaires to ensure a structured, adaptable investment strategy that reflects real-life priorities.”

A Well-Diversified Portfolio Example:

A properly structured portfolio for an expat investor seeking financial independence in 25 years might look like this:

- 40% in global equities

Exposure to a mix of developed and emerging markets for long-term growth.

- 20% in fixed-income securities

Bonds and other income-generating assets to provide stability.

- 15% in alternative investments

Real estate investment trusts (REITs) or commodities to add further diversification.

- 10% in cash and short-term instruments

Liquidity for emergencies and short-term needs.

- 10% in pension funds

Tax-efficient retirement savings.

- 5% in speculative assets

Crypto or high-risk investments, keeping exposure controlled.

This structure ensures the investor has exposure to multiple asset classes, reducing the impact of market fluctuations while still achieving long-term growth. It also accounts for risk management, liquidity, and retirement planning, making it a far more effective approach than an over-concentration in speculative assets. However, this is only a simplified example, individual circumstances, both now and in the future, can differ significantly. That’s why seeking advice from a financial professional is essential to ensure your strategy is tailored to your personal goals and the realities of expat life in both the medium and long term.

The Real Value of Expat Financial Advice

As an adviser, my role isn’t just about choosing investments, it’s about helping you avoid costly mistakes and making sure your financial plan works in practice, not just on paper. This includes structuring a plan that fits your lifestyle, whether you’re saving for retirement, building passive income, or protecting your assets. I also provide ongoing education so you understand your portfolio and its risks. Additionally, I identify opportunities to reduce tax liability, optimise growth, and safeguard your future.

DIY investing offers convenience, but without expert input, expats often end up with unstructured portfolios that fail to deliver on their long-term goals.

The Importance of Regular Reviews

A solid financial plan isn’t something you set and forget. Life changes, and your strategy needs to evolve with it. That’s why I meet with clients every 3 to 6 months to assess their progress and make adjustments where needed.

These reviews cover:

Reassessing goals

Have your priorities shifted? Are you still on track for financial independence or early retirement?

Portfolio updates

Does your asset allocation still align with your risk tolerance and time horizon?

Planning ahead

From tax strategies to new investment opportunities, regular reviews ensure your plan stays relevant.

Without structured check-ins, even a well-designed financial strategy can drift off course. Success isn’t just about what you invest in, it’s about maintaining a framework that adapts to your circumstances over time.

“A tailored wealth management plan goes beyond risk questionnaires to ensure a structured, adaptable investment strategy that reflects real-life priorities.”

FAQs About Expat Financial Advice

Why should expats work with a financial adviser?

Expats face unique challenges, from managing cross-border investments to understanding tax obligations in multiple jurisdictions. A professional adviser helps you simplify these complexities and build a strategy that works no matter where you live.

Can I still benefit from advice if I already invest online?

Yes. While online platforms provide tools, they don’t offer personalised guidance. A financial adviser ensures your investments align with your goals, risk tolerance, and long-term strategy.

How do regular reviews improve my financial plan?

Regular reviews allow us to adapt your plan as your circumstances change. Whether it’s adjusting for a new job, a relocation, or shifting priorities, these check-ins keep your finances on track.

Take Control of Your Financial Future

Whether you’re working towards early retirement, building passive income, or securing your assets, the right advice makes all the difference. As an experienced professional in expat wealth management, I can help you develop a plan that works for you, wherever you are in the world.

The Power Of Knowing

Plan, Track, Manage & Succeed with the Skybound Wealth App. Exclusive to our Clients. Download the app today!

Scan the QR code or click here to download the app.

STyrone Witehira Joins Skybound Wealth to Lead Expansion into Asia

Written by Mike Coady Chief Executive Officer

kybound Wealth Management is thrilled to announce the appointment of Tyrone Witehira as Head of Asia to lead our expansion into the region. This strategic addition reinforces our commitment to providing specialist financial advisory services to professionals across the globe.

A Proven Leader in International Financial Services

With more than 20 years of experience across the UK, UAE, India, Malaysia, and New Zealand, Tyrone has established himself as a respected leader in international financial services, specialising in adviser development, business growth, and strategic wealth management solutions for expatriates.

Before joining Skybound Wealth, he held senior leadership roles, including Head of Business Development at STM Group, where he was instrumental in expanding international pension solutions, developing financial planning strategies for expatriates, and strengthening cross-border investment opportunities. His expertise in international pensions, retirement planning, and tax-efficient investment solutions has made him a trusted figure among expat professionals seeking long-term financial security.

Tyrone has led high-performing teams, scaled businesses, and built lasting client relationships. His ability to mentor advisers, drive business growth, and deliver tailored financial solutions makes him a valuable addition to Skybound Wealth’s leadership team.

Meeting the Growing Demand for Expat Financial Advice in Asia

Following last year’s expansion into Europe with the opening of our Cyprus operation, Asia has become an increasingly important region for internationally mobile professionals seeking expert financial guidance. With complex tax rules, cross-border investment challenges, and long-term financial planning needs, expats require portable, tech-powered, and highly personalised wealth management solutions tailored to their circumstances.

On Skybound Wealth’s expansion into Asia, CEO Mike Coady said: “Tyrone’s appointment is a natural step as we build our presence in Asia. The region is home to many internationally mobile professionals who require trusted financial advice, and Tyrone’s leadership, experience, and knowledge of the region will ensure we meet that demand. His experience across multiple markets makes him the ideal person to drive this expansion.”

A Global Presence, A Trusted Name

With a growing global presence across the UK, Switzerland, broader Europe, the Middle East, and the United States, Skybound Wealth has long been a trusted partner for expatriates managing their wealth across borders. Our presence in key financial hubs ensures that wherever our clients are in the world, they have access to expert, tailored guidance designed to help them achieve financial security.

“Tyrone’s appointment is a natural step as we build our presence in Asia.”

Expanding into Asia further strengthens our global reach, allowing us to support even more expats with cross-border wealth strategies, tax-efficient planning, and long-term financial solutions. With Tyrone’s leadership, we are bringing our international expertise to a region that continues to grow in importance for expatriate professionals.

The Financial & Mental Burden Of Social Media

Written by Max Gerstein Financial Advisor

Social media has become a driving force in shaping spending habits, with 79% of users admitting to purchases influenced by online content. Viral trends can trigger rapid spikes in sales, but this also brings financial and mental health challenges.

Max Gerstein of Skybound Wealth explains how these influences manifest in day-to-day financial behaviour, revealing the psychological and economic impacts while offering practical strategies to counteract them and the importance of financial planning for retirement.

Trends and Impulsive Purchases

Platforms like TikTok and Instagram create trends that encourage unplanned spending. Viral products often sell out quickly, leaving consumers feeling pressured to buy items to stay relevant. This behaviour can lead to financial strain, especially for younger users relying on credit.

Influencers and Sponsored Posts

Influencers hold significant sway over their audiences, often blending authentic recommendations with paid promotions. While their content can introduce new products, it also promotes impulsive spending. A study shows 61% of users have made purchases based on influencer suggestions, with many later regretting their decisions.

Shopping Within Social Platforms

Social commerce features, such as Instagram’s “Shop Now” button, make buying easy and convenient. However, this seamless process encourages spending without careful consideration, often resulting in budget shortfalls and debt. Younger consumers are particularly susceptible, frequently overspending to keep up with trends.

The Psychological Impact

The constant exposure to curated lifestyles fosters comparison, dissatisfaction, and financial stress. Many feel pressured to match the lifestyles they see online, leading to impulsive purchases. Over time, this behaviour contributes to anxiety and regret, creating a cycle of poor financial decisions.

Breaking the Cycle

To counter these pressures, consider these steps: Mindful Spending: Pause before purchases to evaluate whether they align with your priorities and long-term goals, such as financial planning for retirement.

Digital Breaks: Regular time away from social media reduces pressure and improves focus on personal goals.

Professional Support: Working with a financial planner can provide clear steps on how to plan for retirement while addressing immediate financial challenges. How Skybound Wealth Can Help At Skybound Wealth Management, we provide tailored financial strategies to help you make informed decisions. Our advisers work with you to manage the pressures of modern life, ensuring your financial plans remain on track. Whether you’re looking to adjust your budget, understand how to plan for retirement, or set realistic goals, we’re here to help.

Social media will continue influencing spending habits, but with the right support, you can protect your financial security and well-being. Let us guide you in creating a future built on confidence and control.

“...as life expectancy continues to rise, it becomes even more important to ensure you have sufficient pension coverage.”

Written by Chris Bowler Senior Financial Advisor

WHY PSYCHOLOGY HOLDS YOU BACK

FROM HITTING YOUR INVESTMENT GOALS

Investing for the future, whether for retirement, a child’s education, or financial independence, is one of the biggest financial decisions you will make. Yet, despite having access to more information than ever, many people struggle to stay disciplined, make rational choices, and commit to a long-term plan.

Christopher Bowler, a senior financial adviser with clients across Africa and Europe, believes the biggest challenge faced by investors is not market volatility, but their own behaviour. Psychological biases often lead to impulsive decisions, delays, and costly mistakes. By recognising these behavioural traps, investors can take the first step toward improving their decision-making and reaching their long-term financial goals.

How Human Behaviour Derails Investing

The key to successful investing is consistency, but psychological barriers often get in the way. Recognising these behavioural traps can help investors make more rational decisions and stay on track with their long-term financial goals.

Loss Aversion: People tend to feel losses more acutely than they appreciate gains, which often leads to panic-selling when markets dip. This emotional reaction can lock in losses and prevent long-term growth.

Overconfidence: Some investors believe they can outsmart the market, leading to excessive trading or risky bets. However, frequent trading often results in higher costs and underperformance compared to a steady, long-term strategy.

Confirmation Bias: Many investors seek out information that supports their existing views while ignoring contradictory evidence. This can lead to poor diversification or holding onto underperforming investments for too long.

Procrastination: Delaying financial decisions, whether due to fear, uncertainty, or lifestyle spending, can result in significant shortfalls later in life. Even a few years of delay can make a substantial difference in long-term wealth accumulation.

By identifying these psychological barriers, investors can take steps to counteract them, whether through structured planning, external guidance, or simple strategies like automating investments to remove emotion from the equation.

Understanding how emotions drive investment decisions is key to improving long-term outcomes. Stay informed about market trends and the psychological factors influencing investment decisions with our latest commentaries.

The Cost of Going It Alone

Without a structured plan, many investors fall short of their financial targets. Research highlights just how difficult it is to achieve success without professional guidance. A 2023 study by the Employee Benefit Research Institute found that only 44% of American workers feel confident about their retirement savings, but among those without an adviser, that confidence drops to just 25%. Similarly, while 56% of parents intend to save for their child’s education, only 29% have an actual plan in place, according to Sallie Mae.

Investors who try to manage their portfolios alone often see lower returns. A study by Vanguard found that self-directed investors earn an average of 1.7% less per year than the market due to emotional decision-making and poor timing. Over decades, this gap can result in hundreds of thousands in lost returns.

“... the biggest challenge faced by investors is not market volatility, but their own behaviour. Psychological biases often lead to impulsive decisions, delays, and costly mistakes.”

How Advisers Keep You on Track

An adviser does far more than recommend investments. They help investors stay focused on their long-term goals, providing structure and discipline to prevent emotional decision-making. During periods of market volatility, they offer perspective, helping clients avoid panic-driven mistakes. Without this guidance, many investors sell at the worst possible time, derailing their financial plans.

Beyond managing emotions, advisers provide personalised strategies that align with each client’s financial objectives. Many investors struggle with setting clear goals, and without a structured plan, it is easy to get off track.

Advisers act as behavioural coaches, ensuring clients avoid impulsive reactions that could erode returns. They also adjust strategies as life circumstances change, whether due to career moves, unexpected expenses, or family growth. This adaptability provides stability and confidence, helping clients stay on course no matter what challenges arise.

The Long-Term Difference an Adviser Makes

To illustrate the impact of professional guidance, consider two investors. The first starts investing £500 per month at age 35, earning an average return of 7% per year. By retirement, their portfolio is worth approximately £606,000. The second investor, who makes decisions alone, earns 1.7% less per year due to poor choices. Their portfolio ends up at £450,000—a £150,000 shortfall. The difference? Professional guidance that prevents costly mistakes and keeps them on track.

Why Some People Resist Seeking Advice

Despite the clear benefits, some investors hesitate to work with an adviser. Cost is a common concern, with many believing professional advice is expensive without considering the long-term value it provides. Others assume they can manage their investments alone, underestimating how behavioural biases affect their decisions. Mistrust also plays a role, as negative perceptions of the industry can make people reluctant to seek guidance. However, these concerns often pale in comparison to the financial losses caused by poor decision-making or a lack of proper planning.

Take Control of Your Future

Investing is not just about choosing the right assets. It is about managing behaviour, avoiding common mistakes, and staying committed to a long-term plan. Working with a financial adviser provides structure, discipline, and expert insight, ensuring you stay on track even when markets are unpredictable.

“An adviser does far more than recommend investments. They help investors stay focused on their long-term goals, providing structure and discipline to prevent emotional decision-making.”

Protect What Matters Most

Why

Choose Skybound Wealth?

• Comprehensive coverage for expats and their families

• Tailored advice that fit your lifestyle, whether home or abroad

• Peace of mind with flexible life, health, and critical illness cover

• Expert advice to ensure your loved ones are fully protected ACT NOW

Safeguard your future today—speak to an adviser about a bespoke insurance plan.

Scan the QR code or click here to request your free quote.

Or contact your Skybound Wealth Financial Adviser today.

HOW TO PROTECT YOUR WEALTH AS AN EXPAT

CROSS-BORDER FINANCIAL STRATEGIES

Written by Kieron Donovan Financial Advisor

When David and his family relocated from London to Dubai, he was focused on expanding his career and enjoying a tax-free income. But as he settled into his new life, a question kept nagging at him, was his wealth truly protected in a foreign jurisdiction?

Like many expatriates, David had built assets in multiple countries, including property in the UK, offshore investments, and local savings. Yet, as he started researching cross-border financial planning, he quickly realized the risks of unprotected investments, different regulatory frameworks, and potential tax pitfalls.

Managing wealth across borders requires careful planning. Without the right structures in place, expats can face unexpected liabilities, limited access to funds, and even legal complications. That’s why understanding jurisdictional differences, securing assets with reputable custodians, and using tax-efficient investment vehicles is essential for protecting and growing your wealth.

With years of experience guiding expat investors, I’ve helped clients navigate the complex financial landscapes of multiple countries. Here’s how you can take control of your financial future, no matter where life takes you.

Best Countries for Secure Wealth Protection

Different countries offer varying levels of investor protection, and choosing the right jurisdiction can make or break your wealth strategy.

For example, in the UK, the Financial Services Compensation Scheme (FSCS) provides up to £85,000 of protection for eligible investments. This means that even if a financial institution fails, your money is partially protected.

However, many other jurisdictions lack similar guarantees, meaning that assets held in certain countries may be at greater risk. Some expat-friendly financial hubs, like Switzerland, Singapore, and the Isle of Man, provide strong investor protections, making them attractive options for securing wealth offshore.

As a financial adviser specializing in expat wealth management, I help clients navigate these jurisdictional differences to ensure their assets are placed in safe, well-regulated environments. This step is critical in maintaining financial security and avoiding unnecessary risks.

Protecting Your Wealth Across Borders

Managing wealth across borders isn’t just about security, it’s also about optimizing tax efficiency and ensuring compliance with international regulations.

Many expats unknowingly face double taxation, unexpected liabilities, or inefficient investment structures that erode their wealth over time. That’s why it’s essential to choose investment vehicles that maximize growth while minimizing tax burdens.

The Best Tax-Efficient Investment Structures for Expats

Offshore Investment Bonds

Offshore investment bonds allow tax-efficient growth and flexibility when relocating between countries. They are ideal for long-term wealth accumulation and succession planning.

International

Pension Plans

International pension plans provide tax advantages for retirement savings while offering portability across borders. These are designed specifically for globally mobile professionals.

Trusts & Foundations

Trusts and foundations help protect assets for future generations while reducing estate taxes. They are ideal for high-net-worth expats with complex financial portfolios.

As an adviser, I tailor these strategies to each client’s specific circumstances, ensuring that they remain compliant with local and international regulations while optimizing their wealth for future growth.

The Risks of Not Having a Structured Plan

Without a structured financial plan, expats often make costly mistakes. Consider Sarah, a British expat who moved to Singapore without restructuring her UK-based investments. When she decided to sell her property, she was hit with unexpected capital gains tax liabilities that could have been avoided with better planning.

These types of situations are common and often lead to higher-than-expected tax bills due to non-resident taxation rules, restricted access to investments because of local financial regulations, and loss of capital protection when assets are held in unstable jurisdictions.

A structured cross-border financial plan helps expats avoid these pitfalls and ensures that their money works efficiently for them.

“Many expats unknowingly face double taxation, unexpected liabilities, or inefficient investment structures that erode their wealth over time.”

Securing Your Financial Future as an Expat

After years of living and working in both Europe and the Middle East, I’ve helped expatriates take control of their financial future by ensuring their investments are placed in jurisdictions with strong investor protections, implementing secure, tax-efficient wealth structures, and helping them navigate complex international financial regulations.

Whether you are planning for retirement, growing your investment portfolio, or preparing to repatriate, having a clear, structured financial plan is the key to long-term security.

The Hidden Risk Of Delay For Expats In The UAE

Written by Mark Powsney Senior Financial Planner

If your money isn’t working for you, you’re missing out. Many expats in the Middle East enjoy high salaries and tax-free earnings, yet too often, years pass without real financial progress. The biggest reason? Delaying investment decisions. While it may seem harmless to wait, lost time can have a serious effect on long-term financial security.

Making the Most of Tax-Free Earnings

Expats in the UAE and other tax-free jurisdictions have a significant advantage. Without deductions on income, there is greater flexibility to invest more compared to those in high-tax countries. However, many expats leave money sitting in cash, missing out on the potential for growth.

While inflationary pressures are generally easing, with European Central Bank (ECB) President Christine Lagarde stating the euro zone was getting “very close” to reaching the central bank’s medium-term inflation goal in a recent interview, inflation remains a threat to long-term savings.

A well-structured investment strategy is essential to ensure financial security.

The Power of Early Investing

The longer money is invested, the more time it has to grow through compounding. A small delay can lead to a much smaller portfolio over time. Consider two individuals:

Person A starts investing $1,000 per month at age 30 and continues until retirement at 60. With an average annual return of 7%, their portfolio reaches approximately $1.2 million.

Person B waits until age 40 to invest the same amount. Despite contributing the same monthly figure, their portfolio reaches only $600,000 by age 60.

The difference is simply time in the market.

Why Holding Cash Can Be a Costly Mistake

Many expats keep significant amounts of money in low-interest savings accounts, believing that cash is the safest option. While cash offers security in the short term, it comes with hidden risks. Inflation erodes purchasing power over time. As the cost of living increases, cash savings buy less in the future. Furthermore, by holding cash, investors miss out on the growth potential of investments. Historically, markets generate much higher returns than cash savings, making it a missed opportunity for wealth accumulation. Without consistent investing, expats can also fall behind on retirement goals. Without long-term growth, their wealth potential is significantly reduced.

Finding the Right Approach to Expat Wealth Management

A structured investment plan tailored specifically to expats is crucial. The right strategy should take into account tax-efficient investing, especially since many expats may eventually return home or relocate elsewhere. Planning for future tax liabilities helps ensure that wealth is protected across borders. Diversification is also key to reducing risk, spreading investments across different asset classes and markets. Moreover, long-term financial planning is vital, as it focuses not only on shortterm gains but also on future financial security and wealth preservation.

“The right strategy should take into account tax-efficient investing, especially since many expats may eventually return home or relocate elsewhere.”

How an Expat Financial Advisor Can Help

With so many investment options available, it can be difficult for expats to know where to begin. Working with a financial advisor in the UAE ensures that expats receive tailored advice based on their unique circumstances. A financial advisor can help identify investment opportunities that align with long-term goals and provide strategies to understand and implement tax-efficient wealth preservation. Furthermore, as an expat’s career and personal circumstances evolve, an advisor can adjust their financial plans to ensure they remain on track for financial success.

Expat Financial Advice: Your Questions Answered

“Expats in the UAE and other tax-free jurisdictions have a significant advantage. Without deductions on income, there is greater flexibility to invest more compared to those in high-tax countries.”

Many expats often wonder if it’s too late to start investing once they’re over 40. While starting earlier provides more growth potential, there are still effective strategies for building wealth later in life. The key is having a structured plan that maximizes returns. Investment strategies for expats depend on individual goals, time horizons, and risk tolerance. Many expats benefit from diversified portfolios that include equities, bonds, and property. Additionally, a financial advisor can help structure investments to reduce tax liabilities, whether through offshore accounts, pension transfers, or other tax-efficient solutions.

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Delaying investment decisions can be costly. Expats have a unique opportunity to maximize their earnings and create long-term wealth, but waiting too long reduces the benefits. The best time to start investing is now.

WHY WOMEN NEED TO TALK ABOUT WEALTH

NOT JUST INCOME

Written by Rhiannon Bagshaw Financial Planner

Women today are earning more than ever. Pay gaps are closing, career trajectories are accelerating, and financial independence is no longer a rarity. Yet, for many highearning women, there’s a missing piece: income isn’t automatically translating into lasting wealth.

It’s time to move the conversation beyond salary growth and focus on what really builds financial security, investment strategies, asset accumulation, and ensuring your money is working as hard as you do.

Women’s Income Is Rising, But Is Wealth Keeping Up?

Over the past decade, women’s incomes have been on an upward trajectory in many regions, with gender pay gaps slowly narrowing. In the UK, the gender pay gap among full-time employees has fallen to around 7%. While, in the Middle East, greater access to education and workforce participation has led to more women securing highlevel professional and leadership roles. However, higher earnings haven’t resulted in proportional growth in wealth.

Why? Because earning well is only half the battle. Many women still face structural challenges, career breaks, longer lifespans, and a lack of financial engagement, but also behavioural barriers, like hesitating to invest or defaulting to cash savings over wealth-building strategies.

Middle East: Rising Financial Power - Yet Untapped Potential

In the Middle East, the wealth landscape is evolving rapidly. With more women leading businesses, investing in tech, and holding high-earning positions, the percentage of female-controlled wealth is expected to increase. But are they investing effectively?

A large portion of women’s assets in the region remain in cash deposits, gold, or non-incomeproducing real estate, rather than diversified investments working to generate returns. Why?

Limited access to sophisticated financial services tailored to female investors, traditional norms where male family members historically managed wealth, and a lack of tailored financial advice that speaks to women’s long-term wealth needs.

“Over the past decade, women’s incomes have been on an upward trajectory in many regions, with gender pay gaps slowly narrowing.”

The financial world hasn’t always been built with women in mind—but that’s changing. And so is the way women approach their wealth. The shift is happening, but the onus is on high-earning women to take control of their financial trajectory. The best financial adviser for expats in Dubai is one who understands the unique challenges and opportunities women face in this market.

Common Investment Pitfalls for High-Earning Women

Even among women with high incomes, certain recurring pitfalls prevent them from fully converting income into wealth. Recognizing these traps is the first step to avoiding them.

One common mistake is assuming that a high salary guarantees financial security. Many high-earning women still live paycheque to paycheque or save too little. Some admit to having no investments or savings at all despite a six-figure salary. A big paycheque can create a false sense of security, until they realize too late that income alone isn’t a long-term plan.

Another issue is holding excess cash instead of investing. Studies show women are more likely than men to keep money in cash or low-interest savings. While this might feel “safe,” it’s actually a risk. Cash loses value to inflation, whereas investments grow wealth over time.

Additionally, many women delay or avoid investing, costing them hundreds of thousands in lost compounding growth over their careers. Many successful women also underutilize retirement and tax-advantaged vehicles, failing to maximize contributions to pensions or other tax-efficient investments. In the UK, men have nearly 90% more private pension wealth than women on average. That’s a significant gap, and one that can be avoided with better planning.

Case Study: When “Doing Everything Right” Still Went Wrong

Take Sarah, a marketing executive in Dubai earning a high six-figure salary. She had always considered herself financially savvy, saving diligently, owning property, and having a diversified portfolio. But when she finally sat down with a financial adviser in Dubai for a full portfolio review, she realized her money wasn’t working efficiently.

She was paying high fees on managed funds that were underperforming. Her real estate investments were illiquid, leaving her cash-strapped. Her pension contributions were minimal, meaning she was missing out on valuable tax advantages.

By making small but strategic changes—switching to low-cost index funds, diversifying her portfolio beyond real estate, and maximizing her pension contributions—Sarah turned these assets into a high-growth wealth strategy.

The lesson? Even high-earning women can be missing opportunities. Getting a second opinion can be the difference between good financial habits and truly effective wealth-building.

Challenging Assumptions and Embracing Financial Power

It’s time to push back against outdated assumptions. One common myth is that women are naturally risk-averse or poor investors. The reality is, when women do invest, they often outperform men, largely because they trade less and take a long-term approach.

So , if the issue isn’t ability, what is it? Awareness, confidence, and time. Many high-earning women juggle demanding careers and family responsibilities, and financial planning takes a back seat. But as financial firms shift their focus and more female investors gain visibility, the barriers that once held women back are falling away.

The Real Question: Is Your Wealth Strategy

Working as Hard as You Are?

You’ve put in the hours, built your career, and achieved financial success. Now it’s time to ensure your money is doing the same. Wealth isn’t just about having more, it’s about security, freedom, and options.

So ask yourself: Is my wealth strategy working as hard as I am? If not, it might be time to find out how it can.

“Many successful women also underutilize retirement and taxadvantaged vehicles, failing to maximize contributions to pensions or other tax-efficient investments.”

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THE FINANCIAL ADVANTAGE FOR EXPATS IN THE MIDDLE EAST

Written by David Neville Wealth Advisor

For many expatriates, the Middle East offers an unmatched financial advantage—high, tax-free salaries, generous benefits, and relatively low personal taxes. Cities like Dubai, Riyadh, and Doha are prime locations for wealth-building. Yet, despite these advantages, many expats leave with little to show for their time in the region.

The biggest reason? A lack of financial discipline and poor long-term planning.

As a financial adviser who has lived and worked in both Europe and the Middle East, I’ve seen first-hand what separates successful expats from those who struggle financially. Here, I share my top wealth-building strategies to help Middle East expats avoid common mistakes and take control of their financial future.

The Lifestyle Trap: Why Many Expats Struggle to Save

Living in the Middle East often comes with an upgraded lifestyle, luxury housing, fine dining, frequent travel, and premium experiences. While tempting, this high standard of living can erode financial gains if left unchecked.

How to Avoid Lifestyle Inflation

One key way to avoid falling into this trap is to set a lifestyle ceiling. Allocate a fixed percentage of your income to lifestyle expenses and resist the temptation to increase it with every salary raise. Prioritizing long-term value is another essential strategy. Spend on experiences or assets that contribute to your future, such as education, purposeful travel, or savings. Finally, practice delayed gratification, before making big-ticket purchases, ask yourself, “Will this contribute to my long-term financial goals?” Successful expats focus on financial security over short-term indulgences.

Pay Yourself First: The Key to Long-Term Wealth

A simple yet powerful strategy is to automate your savings before budgeting for lifestyle expenses. Many wealthy expats follow the 20-30% rule, setting aside a portion of their income for investments and savings before spending on discretionary items. This approach ensures consistent savings habits, prevents overspending on non-essential luxuries, and maximizes compound growth, which contributes to long-term financial security.

Lessons from Wealthy Expats: How to Make Your Money Work for You

Over the years, I’ve observed a clear pattern among expats who leave the Middle East financially secure. They take advantage of their earning potential while staying disciplined with their money. Their key strategies include automating savings by setting up automatic transfers to savings and investment accounts, which ensures consistency and removes the temptation to overspend.

They also manage lifestyle inflation by setting clear financial limits and prioritizing long-term security over short-term indulgence, even while enjoying the perks of expat life. Optimizing taxfree earnings is another important strategy. By using tax-efficient investment vehicles, they can grow their wealth while making the most of the region’s tax advantages. Additionally, they plan beyond their time in the Middle East, focusing on building retirement savings, setting aside funds for their children’s education, and ensuring they have financial resources for a smooth relocation when the time comes.

The Harsh Reality: Many Expats Leave Financially Unprepared

While the outlook has improved in recent years, a recent survey found that over 90% of expats in the UAE aren’t equipped for retirement, despite earning significantly more than in their home country.

Don’t be part of that statistic. With the right planning, you can turn your years in the Middle East into a financially secure future.

Turn Opportunity into Long-Term Wealth

“Wealthy expats don’t just earn well, they make their money work for them. By applying these principles, you can turn your time in the Middle East into a stepping stone for long-term financial security.”

The Middle East provides a unique opportunity to build lasting financial security, but only if you manage your wealth with discipline and intention.

My Approach to Expats’ Financial Success

I focus on controlling lifestyle inflation by maintaining disciplined spending habits. Paying yourself first through automated savings and investments is essential to ensure that your wealth grows consistently. Most importantly, I encourage you to focus on long-term financial goals. By doing so, you can maximize your wealth potential and make your time in the Middle East a foundation for lasting financial success.

SWISS PENSIONS: WHAT EXPATS NEED TO KNOW ABOUT PILLAR 3A AMENDMENTS

Written by Carla Smart Chartered Financial Planner & Group Head of Pensions

Switzerland’s pension system is evolving, and recent changes to Pillar 3A are set to provide more flexibility for expats in Switzerland looking to enhance their retirement savings. With a new amendment coming into effect from January 1, 2025, individuals will be able to make up for missed or incomplete contributions from 2025 onwards. This offers a new opportunity for long-term pension planning with key tax advantages.

Carla Smart, Group Head of Pensions and Chartered Financial Adviser in Switzerland, and an expat herself, explains how, in the future, you may be able to benefit from the recent amendments to the Swiss pension system.

What is the Pillar 3A Amendment?

Under the new amendment, individuals will be able to make retroactive contributions to their Pillar 3A pension for up to 10 years, but only for contributions missed from 2025 onwards. This means that if you were unable to contribute in 2025, you will be able to make up for that missed contribution in 2026, but not for any years before 2025.

Who Can Benefit From Retroactive Contributions?

To take advantage of this update, you must meet certain criteria. Firstly, you must have earned income subject to OASI (Old Age and Survivors Insurance) contributions in Switzerland during the relevant years. Secondly, you must be actively contributing to a Pillar 3A pension plan. Before making a retroactive payment, you must ensure that the current year’s maximum Pillar 3A contribution has been fully utilized. If you’re unsure of your potential eligibility, consulting a financial adviser in Switzerland can help clarify your position.

How Much Can You Contribute to Pillar 3A?

For 2025, the annual Pillar 3A contribution limits are set as follows: CHF 7,258 for individuals with a pension fund, and up to 20% of net income, capped at CHF 36,288, for those without a pension fund. Retroactive contributions will be subject to the same annual limits, meaning you cannot exceed the contribution cap in any given year. Before making retroactive contributions, it is essential to first maximize your current-year contributions.

Tax Benefits of Investing in Switzerland Through Pillar 3A

One of the biggest advantages of Pillar 3A is its tax efficiency. Contributions are tax-deductible, reducing your taxable income and potentially lowering your overall tax liability. Funds within your Pillar 3A account grow tax-free, allowing your investments to compound more effectively. When you withdraw your Pillar 3A pension, it is taxed at a reduced rate, offering further long-term savings. By spreading retroactive contributions over multiple years, you can optimize these tax benefits while ensuring steady financial growth.

Strategic Planning for Expats in Switzerland

If you’re an expat in Switzerland considering investing in Switzerland, planning your pension contributions wisely can make a huge difference. Carla Smart, a seasoned financial adviser in Switzerland, is considering how this amendment could fit into long-term pension planning strategies for Skybound Wealth clients. From 2026, for those who have gaps in their contributions, this change could be a perfect opportunity to catch up and make the most of Switzerland’s tax-efficient pension system.

Making The Most of Your Swiss Pension Provision

For expats in Switzerland, the latest Pillar 3A amendment offers a great opportunity to invest in Switzerland while maximising tax advantages. Whether you’re catching up on missed contributions or planning ahead for retirement, working with a financial adviser in Switzerland can help you make the most of these changes.

“Expats in the UAE and other tax-free jurisdictions have a significant advantage. Without deductions on income, there is greater flexibility to invest more compared to those in high-tax countries.”

Q1 2025 Review & Q2 2025 Outlook

MARKET & MACRO REVIEW FOR Q1 2025

Written by Jabir Sardharwalla Chief Investment Strategist

With a volatile Q1 just ended, please see below – in the usual layout – the periodic table of returns by various asset classes / styles:

FTSF, LSFG

Q1 has been an extension of Q4 ’24. Tariffs have dominated headlines the moment President Trump assumed office (20th January). The latter has resulted in investor-led uncertainty (on the back of inflation, interest rate and growth uncertainty) translating into market mayhem. So, when you dig a little deeper into underlying financial assets, what worked and what didn’t is very clear:

Source: Deutche Bank, Bloomberg Finance LP

Source: Bloomberg,

Datastream, MSCI, J.P. Morgan Asset Management. DM Equities: MSCI World; RFITs: FTSF

As one would expect during times of uncertainty, the winners are precious and certain industrial metals such as copper. The imminent threat of tariffs on copper (see below) has meant a surge in imports to the US. Bonds, especially government bonds have performed well as one might expect from safe-haven assets. The losers are clear –equities, especially Tech!

As of 5th April (following President Trump’s Rose Garden “Liberation Day” address when he announced his much-awaited retaliatory tariffs plan), the tariff picture is as follows:

“There is a baseline 10% tariff on all imports into the US regardless of which country. This is effective 5th April. Additionally, there will be higher rates on those considered to be “worst offenders” effective 9th April.”

There are two main parts to the tariff story as shown by the different columns in the above table – the specific tariffs (country specific, metal specific, the USMCA trade agreement specific and Auto & Auto-parts specific) and the retaliatory tariffs. The latter is to “level out” the tariff playing field - as spelled out by President Trump in his Rose Garden address. Key points emerging from his address:

• There is a baseline 10% tariff on all imports into the US regardless of which country. This is effective 5th April. Additionally, there will be higher rates on those considered to be “worst offenders” effective 9th April. There are 60 of them and include the EU (+20%), China (+54%) and Japan (+24%). These new tariffs seem to have been decided on the basis the “additional tariff is equal to the ratio of the US bilateral trade deficit with that country divided by the US imports from that country”.

• The reciprocal tariff policy will impose a weighted average tariff of 18.3% on all imports. However, as approximately one-third of all imports are exempt, the effective tariff rate is reduced to 12.6%. Taking everything together, the tariff increase is 18.8%.

• For Canada and Mexico, while tariffs are set at 25%, there are no new tariffs and where its products are USMCA-compliant, they will be subject to just a 10% tariff. The same Executive Order states if the exemption ends in the future, the USMCA-compliant goods and energy components would become duty-free. The noncompliant products would have tariffs of 12%. This might signal an upper limit for Canada and an improvement on where things stand now.

• Asian countries have been hard hit. China was already on a specific tariff of 20%. With the retaliatory tariffs, this more than doubles in total. Others too have been badly affected (e.g. Vietnam, Taiwan, Thailand & Indonesia). India is now seeking to secure a trade deal quickly to minimise the blow from the 26% tariffs announced on them. Trump’s argument is that India charges tariffs of 52% on the US creating an unfair situation. This has been the central theme for most other nations.

• Other tariffs still imminent / proposed include importing Venezuelan oil - effective 2nd April, an EO was issued to grant the Secretary of State the discretion to impose a 25% tariff on imports from any country directly or indirectly purchasing Venezuelan oil. These tariffs will expire one year after the last date on which the country imported said oil. Also under consideration are Digital Services Taxes aimed at certain countries (e.g. France, Austria, Italy, Spain, Turkey & the UK) as they do the same on the US and Copper where a section 232 investigation has been initiated and might lead to tariffs of 25% on copper imports to the US.

OUTLOOK FOR Q2 2025

The backlash to the above announcements has been swift and sharp. The EU has said “the consequences will be dire for millions of people around the globe” and is finalising its response; China has promised “resolute countermeasures”; Canada’s new PM said it is “essential to act with purpose and with force” while Australia said “this is not the act of a friend”. Q2 will be characterised by how countries around the world react! There are three possible outcomes:

1. Other countries remove their tariffs on US goods and Trump reverses these aboveannounced tariffs.

2. Negotiations take place resulting in concessions which in turn means Trump reverses the announced tariffs. This seems the most likely outcome and one where everyone will claim “victory” but, actually, there will only be one victor – the US.

3. We get into a bitter, never-ending trade war –which will be nasty but much more painful on the Rest of the World than the US. Who blinks first? It won’t be the US!

What does it mean for the US?

The US wants to address trade imbalances while also encouraging domestic manufacturing. Look at the car market as an example. Over 90% of Canada’s passenger cars and truck exports head to the US. Last year alone, Canada shipped some $35bn of cars to the US. Nearly half (48.4% to be precise) of Japan’s exports to the US will be impacted. The bulk of this (34.1% out of the 48.4%) is comprised of autos and auto parts. A 25% tariff will be significant. How this affects Japan from a price-competitiveness perspective depends on how many countries are also hit with the tariff. If it ends up just being Japan, the impact will be high and the overall impact on Japan’s GDP around -0.4%. Japan accounts for roughly 10% of the US car market. A 25% tariff imposed on this will increase the price from between $3,000 per car to over $10,000 per car. The same maths applies to other car imports. It remains to be seen whether it has a material impact on the likes of Japan’s CAPEX – probably not given the hi-tech nature of the economy and its need to invest in industry for greater productivity due to its ageing demographics.

It’s the larger tariffs that are most likely to hit GDP across nations simply because they naturally have a larger impact on consumer prices (i.e. inflation). Canada and Japan are good examples – with Europe following closely – because of their auto and auto parts sectors. Unless trade negotiations (outcome no. 2 above) can bring these tariffs down, there will be a second wave of volatility – and that’s the one which could trigger genuine recession concerns as consumers everywhere tighten their belts more severely – for longer. For the US, this could result in a GDP hit of close to -1% taking its 2025 GDP forecast to well below 2%. The hit will be even higher if tariffs end up settling at around the 25% mark. As it currently stands, recession probabilities have not risen hugely in light of recent economic data prints. It’s the forward-looking data that is of concern and its resulting impact on earnings! This is the strongest case for all countries (including the US) to reach an agreement on a lower, tolerable level of tariffs.

“It’s the larger tariffs that are most likely to hit GDP across nations simply because they naturally have a larger impact on consumer prices (i.e. inflation).”

So how long can we expect this to continue?

As referenced above in scenario 3, it’s a case of who blinks first – and I don’t think it will be the US. The US has higher consumer-led GDP growth vs the RoW. This gives it more margin to “play” with. Furthermore, for other countries to take corrective action (e.g. ramping up investment in domestic manufacturing and infrastructure) will take time – time they don’t have. There is no time for poker here – “I will see you and raise you even more”. For Trump, tariffs are not just a bargaining weapon to correct (in his eyes) a gross injustice perpetrated by others on the US. They are also a way of raising revenue – revenue that the US badly needs given its mammoth debt mountain and / or reduce taxes. How much can they raise? Look at the chart below:

Finally, where does this leave inflation, bond yields and growth?

From the consumer viewpoint, tariffs hit the lowest incomes the most. Hence why Trump wants to extend earlier tax cuts (from his first term in office) as soon as possible. At the same time he needs to keep inflation under control – otherwise this too will affect lower incomes disproportionately more than higher incomes.In theoretical terms, the pass-through effect of inflation tends to be worse than the actual. Why? Because (1) importers and exporters tend to absorb some of this increase but there is only so far they can go, (2) his stated aim to bring down oil prices is a big move in this direction (so far, they have been coming down of their own accord) and (3) the US$. If the latter rises (e.g. improved fiscal picture, improved trade balance, etc.), every +1% move in the US$ negates the effect of tariffs by the same amount. At the moment, theoretical forecasts of inflation are naturally pessimistic. All this is another reason why Scenario 2 (resolution by negotiation/deals) is the path of least resistance globally – not just the RoW. There is another factor at play which hasn’t been spoken about much and which trump spoke of in his Rose Garden address: investment in the US. The list of companies that have pledged investment in the US is impressive:

Apple: $500bn domestically over the next four years, produce AI servers and hire 20,000 new workers.

In Biden’s final year, a mere $81bn was collected in tariff revenue. Under Trump, even the lowest forecasting scenario generates $352bn. The best case (for the US, not so for the RoW) is $1.077tn. Interestingly, the difference between the announced rates plus or minus the reciprocal tariffs is not huge – they both generate around $1tn give or take. This is another reason I think Scenario 2 (resolution by negotiations/deals) will prevail.

Stargate Project: a new joint venture between OpenAI, SoftBank and Oracle to develop AI infrastructure across the US. $500bn over the next four years.

Meta: $65bn on AI related projects. This includes a data centre (said to be so large it would cover a significant part of Manhattan).

Damac: $20bn (min.) into data business centres. The list comprises many other names and one can’t overlook the impact of this on job creation, higher CAPEX spending and upside pressure on the US$. Between domestic investment, lower energy prices and lower taxes, this is how he wants to keep growth strong.

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PROPERTY DECISIONS

Mortgage or No Mortgage?

Written by Simon Athwal Global Partners Senior Advisor

When deciding how to approach property ownership, one question always arises: should you buy a home outright or use a mortgage to maximise your financial potential? Each option offers distinct benefits, but the best choice depends on your long-term objectives, risk tolerance, and current financial circumstances.

Debt-Free Ownership Vs Mortgages for International Property

Buying a home outright offers undeniable peace of mind. Without monthly mortgage payments, the financial freedom can feel liberating, and you eliminate the risk of foreclosure. You’ll also save significantly by avoiding interest costs, which can add up to hundreds of thousands over a loan’s lifetime. Additionally, in uncertain markets, owning a debt-free property ensures stability, with no exposure to loan-related volatility. However, this approach has its limitations. Tying up a significant amount of capital in one property leaves less liquidity for other investments that might yield higher returns. You’ll also miss out on potential tax benefits from mortgage interest deductions in many jurisdictions. In emergencies, accessing cash from a debt-free property can be challenging without selling or refinancing.

Simon Athwal, Senior Financial Planner at Skybound Wealth, explains why understanding both options is crucial for making an informed decision and why for expats in Dubai investing in international property, leveraging a mortgage can provide flexibility and maximise returns.

Using Mortgages for International Property: A Guide for Expats

On the other hand, using an expat mortgage in Dubai allows you to amplify your financial position. Borrowing preserves capital for other investments, potentially achieving better returns than the interest on your mortgage. Leverage through a mortgage for international property can amplify gains, as returns are calculated on the full property value.

For example, consider investing $100,000 as a down payment on a $500,000 property. A 10% appreciation results in a $50,000 gain—a 50% return on your initial investment. Mortgages also provide a hedge against inflation, as the real cost of your debt diminishes over time, and in many cases, mortgage interest is tax-deductible. Yet, leveraging isn’t without risks. Interest costs add up, and if property values decline, homeowners may face negative equity. That’s why leveraging requires careful financial planning and risk management.

Why Leverage Often Wins

While the security of owning a home outright is appealing, leveraging a mortgage can open doors to exponential growth. By using leverage, you can spread your capital across multiple properties, diversifying your investments and increasing your potential profits. This approach can significantly amplify your returns compared to owning a single property without debt.

Cash tied up in a debt-free home misses out on opportunities to grow in higher-yielding investments. If that money were leveraged, it could be used to acquire additional properties or invest in other high-return ventures. Additionally, leveraging offers an advantage when it comes to inflation. Borrowing allows you to use today’s dollar value to repay with inflated dollars, which effectively reduces the real cost of debt over time.

“...using an expat mortgage in Dubai allows you to amplify your financial position.”

A Practical Comparison

Let’s take a practical example to compare the two approaches. Imagine you have $500,000 to invest.

If you choose the debt-free approach, you buy one $500,000 property outright. After a 10% appreciation, your property is worth $550,000, resulting in a $50,000 gain, or a 10% return.

On the other hand, with the leveraged approach, you use that same $500,000 as a 20% down payment on five properties, each worth $500,000. With the same 10% appreciation, your portfolio grows to $2.75 million, giving you a $250,000 gain, or a 50% return. The difference in returns highlights why leveraging can be a more advantageous strategy for long-term wealth accumulation.

Making Your Move

The choice between a debt-free home and leveraging through a mortgage depends on your financial goals, market conditions, and comfort with risk. For those prioritising growth and maximising returns, leveraging is often the more effective approach—but it requires careful planning and discipline.

Which path aligns with your goals? Debt-free security or the amplified potential of leverage? The decision is yours.

THE NO-SPEND CHALLENGE

SMART

FINANCIAL DISCIPLINE OR A TEMPORARY FIX?

The latest personal finance trend sweeping social media is the No-Spend Challenge, which encourages people to cut all non-essential expenses for a set period to build better financial habits.

Written by Mike Coady Chief Executive Officer

It’s a simple idea, participants commit to spending only on necessities for a day, a week, or even a month while eliminating discretionary expenses. But does this approach truly help build lasting wealth, or is it a short-term fix that doesn’t address the bigger picture of financial planning?

I recently discussed this topic with Arabian Business, looking at how financial discipline and long-term planning intersect. Now, expanding on that conversation, let’s take a closer look at whether the No-Spend Challenge is a sustainable strategy or just a temporary financial reset.

What Is the No-Spend Challenge?

At its core, the No-Spend Challenge is a budgeting exercise designed to bring self-awareness to spending habits. Participants often realise that they spend far more than expected on non-essentials, from daily coffees and takeout meals to spontaneous online shopping.

In the GCC region, where many expatriates enjoy tax-free income but also face high living costs, this trend has gained traction. It serves as a reset for those looking to regain control over their finances. However, financial security isn’t built by cutting expenses alone, it requires a structured, long-term strategy.

A Broader Perspective on Wealth Building

Having spent over 20 years advising expatriates in Dubai and across the GCC, I’ve seen financial fads come and go. Trends like the No-Spend Challenge may help people temporarily adjust their spending, but they rarely create lasting financial security. Wealth isn’t just about spending less, it’s about building more.

Many professionals, business owners, and highnet-worth individuals initially believe they can save their way to financial security. But true financial independence comes from structured wealth planning, tax efficiency, and smart investing, not just cutting back on lattes or skipping brunch.

Essential vs. Non-Essential Spending

The definition of ‘essential’ varies by individual, but core expenses typically include housing, such as rent, utilities, and service charges; transport, including car loans, petrol, and public transport fees; groceries, which cover basic food essentials (excluding dining out); healthcare, such as medical insurance and necessary treatments; and education, including school fees and educational costs for families.

On the other hand, non-essential spending often includes dining out, coffee shop visits, luxury shopping, impulse buys, gym memberships, entertainment, and subscription services like Netflix and Spotify. In cities like Dubai and Abu Dhabi, where networking and social engagements play a significant role in career advancement, dining out may be considered essential by some. This shows how personal the concept of “essential” is—what’s unnecessary for one person might be a critical expense for another.

The Benefits of a No-Spend Challenge

“While reducing discretionary spending is useful, long-term financial security isn’t just about spending less, it’s about strategically growing your wealth.”

A well-executed no-spend challenge can bring several benefits. It can increase your financial awareness, as many people are surprised by how much they spend on convenience purchases. It also helps break bad financial habits, curbing impulse spending and emotional purchases. Additionally, a short-term no-spend challenge can give your cash flow a boost, allowing you to redirect the money saved towards clearing debt or building an emergency fund.

However, there are some drawbacks to consider. A no-spend challenge isn’t a sustainable long-term strategy, as most people tend to revert to their old habits once the challenge ends. It can also lead to binge spending, similar to extreme dieting, where people overcompensate by splurging once the challenge is over. Furthermore, a no-spend challenge doesn’t address the bigger financial picture. True financial security requires structured saving, investing, and wealth planning, not just spending freezes.

Can You Save Your Way to Wealth?

While reducing discretionary spending is useful, long-term financial security isn’t just about spending less, it’s about strategically growing your wealth. The key to financial freedom is investing. Expatriates in the GCC have the unique opportunity to turn short-term savings into lasting wealth by making smart, purposeful financial decisions.

One effective strategy is to automate your savings. By setting up a direct transfer to a high-interest savings or investment account before you spend, you ensure that wealth-building is prioritized right from the start. Another important step is to invest with purpose. It’s essential to diversify your investments across multiple asset classes such as real estate, equity markets, pension funds, and structured investment plans.

Additionally, expatriates benefit from taxfree income, but many fail to capitalize on this opportunity by investing strategically. The ability to grow wealth without paying income tax is a significant advantage that should be utilized for long-term financial growth. Finally, planning beyond today is crucial. The cost of retirement can be significant, and without employer-backed pensions, expats need to take it upon themselves to build their own long-term safety net.

Where Should You Put the Money You Save?

If you successfully complete a No-Spend Challenge, the real question becomes: What next? Rather than letting the money saved sit in a low-interest account, there are several productive ways to use those funds to build a stronger financial foundation.

One option is to build an emergency fund. Ideally, aim for 3-6 months of essential living expenses to cover unexpected situations without dipping into other savings or investments. Another important step is to focus on clearing high-interest debt. In the UAE, credit card APRs can reach 35-40%, making debt repayment a top priority. Lastly, investing for long-term growth is crucial. Consider diversifying your investments into options like international pensions or real estate, which offer opportunities to grow your wealth over time.

A Balanced Approach to Managing Spending

Instead of focusing purely on restriction, a structured budgeting system like the 50/30/20 rule is often more sustainable. This method divides your income into three key categories: 50% for necessities, such as housing, groceries, and healthcare; 30% for lifestyle expenses, including dining, travel, and entertainment; and 20% for savings and investments, which focuses on long-term financial growth.

This approach ensures that spending remains balanced while prioritizing long-term financial health. By following the 50/30/20 rule, you can comfortably manage your day-to-day expenses while also building a secure financial future.

The Bottom Line: Spend Less or Build More?

The No-Spend Challenge is a great financial reset, but on its own, it won’t build wealth. The real key to financial success is not just cutting expenses but actively building assets.

At Skybound Wealth, we help expatriates across the GCC develop structured financial plans that go beyond short-term budgeting. Whether it’s tax-efficient wealth management, international pensions, or long-term investment strategies, our goal is to help you turn savings into financial security.

• Instead of just asking how to spend less, ask: How can I make my money work harder for me?

• How can I use my tax-free income in Dubai to create long-term wealth?

• What’s my plan when I eventually leave the GCC? I’ve spent decades working with expats, professionals, and high-net-worth clients, and if there’s one thing I know, it’s that the most financially secure individuals don’t just save, they invest, plan, and grow.

If you’re serious about financial success, let’s build a strategy together.

“The No-Spend Challenge is a great financial reset, but on its own, it won’t build wealth.”

The Confidence Crisis Why Women Avoid Investing

Written by Umarrah Shafiq Chartered Financial Planner

Investing is one of the most powerful tools for building wealth, yet many women hesitate to take the first step. Despite being excellent savers and often outperforming men when they do invest, women frequently face a confidence gap that holds them back. This hesitation can cost millions over a lifetime and limit the financial independence that every woman deserves.

As a Chartered Wealth Planner with over eight years of experience, Umarrah Shafiq has worked with women from all walks of life to overcome these barriers and take control of their financial futures.

The Cost of Sitting on the Sidelines

When women avoid investing, they miss out on opportunities that can dramatically shape their financial futures.

Take the power of compounding. If you invest $500 a month from age 25, with an average annual return of 7%, you could have over $1.1 million by age 65. Start ten years later, and that number drops to just $540,000. The difference? Over half a million dollars.

Relying solely on savings accounts may feel safe, but inflation quietly eats away at your money’s value. At an annual inflation rate of 2-3%, $10,000 today could be worth half as much in 25 years. And then there’s longevity. Women typically live five years longer than men, meaning more is needed to fund those additional years of healthcare, living costs, and lifestyle choices. Without investments to grow their savings, there’s a greater risk of outliving their wealth.

Breaking Through the Confidence Barrier

Investing doesn’t have to feel overwhelming. Building confidence starts with understanding what investing is, and what it isn’t. It’s not gambling. Successful investing is about creating a balanced portfolio designed to meet your goals while managing risk.

The first step is often the hardest, but it doesn’t need to be a leap. Start small. Even modest investments can help you learn and gain familiarity with how markets work. Over time, this builds confidence and turns investing from a source of anxiety into a tool of empowerment.

Education is another key. Many women feel held back by intimidating financial jargon, but resources like online courses, apps, and webinars are widely available and often free. Female-focused financial groups can also provide a supportive community to share advice and experiences.

And you don’t have to go it alone. A trusted adviser can help you create a personalised investment plan tailored to your goals, risk comfort level and timelines.

The Unique Strengths of Women Investors

It’s worth recognising that women already have what it takes to succeed as investors. Studies show that women tend to trade less often, avoid reckless risks, and stick to their strategies during market downturns, qualities that can lead to long-term success.

By leaning into these strengths, women can close the investment gap and reap the rewards of financial independence.

Unlocking Your Financial Freedom

Investing isn’t just about numbers, it’s about possibilities. It can fund the future you’ve dreamed of, whether that’s retiring comfortably, paying for your children’s education, or enjoying a life filled with new experiences.

Taking the first step into investing can feel daunting, but it’s a step toward empowerment. With the right knowledge, tools, and support, women can turn the confidence crisis into an opportunity to take control of their financial futures and achieve the freedom they deserve.

Shaping Future Mindsets Through Financial Education

At Skybound Wealth, we believe financial confidence starts early. That’s why we’ve been working with schools across the UAE to deliver real-world lessons that aren’t found in textbooks but are crucial for life.

Why Don’t All Schools Teach This?

That was the question from Max Gerstein, Skybound Wealth financial adviser, after his recent session at Dubai British School. Max spoke to students about building a healthier relationship with money and making smarter choices around spending, saving and investing.

From daily habits to long-term planning, the session gave students a foundation to understand how money really works. A big thank you to Ian Barfoot and the team at DBS for having us, and to our Head of Partnerships Bethany Ward for making it happen.

Preparing Students for Life, Not Just Exams

Over at Dubai English Speaking College, Tom Pewtress and Simon Athwal delivered an interactive session to Year 10 and 11 students. Topics ranged from needs versus wants to the impact of inflation and the basics of investing.

Using real-life examples like the rising cost of concert tickets or choosing between new shoes and a gaming console, the session encouraged students to think critically about value and priorities.

Thank you to Laura Reidy and Luke McHale at DESS for the warm welcome, and to Bethany Ward and Dmitriy Ermakov for supporting the day. Looking Ahead

We know from experience that the earlier people learn how to manage money, the more confident they become in making financial decisions later in life. These school visits are just the start. We’re committed to supporting the next generation through ongoing partnerships across the region.

“From daily habits to long-term planning, the session gave students a foundation to understand how money really works.”

SECURING THE FUTURE OF FINANCIAL ADVICE

Empowering the Next Generation of Advisers

With nearly 75% of advisers retiring in the next decade, the Academy by Skybound Wealth is preparing the leaders of tomorrow.

Caring for our Shared Future

Through first-class training and mentorship, the Academy by Skybound Wealth ensures clients receive exceptional advice and service, today and in the years to come.

Scan the QR code or click here to find out more about our Academy.

MARKET VOLATILITY: T

he stock market has been one of the most powerful tools for building wealth, but that growth has never come without setbacks. A single dollar invested in the S&P 500 in 1925 would be worth $1,285 today after adjusting for inflation. That kind of return doesn’t come from smooth sailing. It requires staying invested through the inevitable ups and downs.

Market declines are not a sign of failure. They are part of how investing works. The long-term rewards have always gone to those who hold steady, even when things look uncertain.

Consider this:

• Stocks have fallen at least 10 percent more than 100 times, which happens about once a year on average.

• Drops of 15 percent or more have occurred roughly every two years.

• Declines of 20 percent or greater have happened 23 times, or about once every four years.

• There have been 10 instances where the market dropped by more than 30 percent.

• Three times, markets lost more than half their value.

Despite all of this, the overall trend has always moved higher. Market volatility is not the biggest risk for most investors, but losing patience and pulling out at the wrong time poses a real danger to long-term strategy.

What Is Driving This Market Drop?

Markets have taken a hit, and investors are feeling the pressure. The Nasdaq and S&P 500 have both dropped more than 10 percent from recent highs, officially entering correction territory. While tech stocks have taken the biggest hit, concerns across other sectors are playing a role as well. Several factors are making investors nervous:

• Interest Rates – The Federal Reserve has hinted that expected rate cuts may take longer than hoped, which is unsettling markets.

• Trade Tensions – Uncertainty around tariffs and economic policies has raised concerns about corporate profitability.

Written by Tom Pewtress Global Head of Proposition

• Earnings Slowdown – Some of the biggest companies have revised their profit expectations downward, leading to a shift in stock valuations.

• Tech Sector Weakness – The stocks that have fuelled much of the market’s recent gains are now losing steam, which is affecting the broader market.

Short-Term Setback or Something Bigger?

The U.S. economy is slowing. The Atlanta Federal Reserve now expects a 2 percent contraction in GDP for the first quarter of 2025, reversing the 2.3 percent growth seen in the previous quarter. JPMorgan has raised its estimate of a U.S. recession this year to 40 percent.

Tech Stocks: Driving Growth or Creating Risk?

Markets have become increasingly dependent on a small group of companies. Today, the top ten stocks in the S&P 500 make up 34 percent of the index’s total value. That is higher than before the dot-com bubble in the early 2000s and the financial crisis of 2008.

Economic downturns do not always go hand in hand with stock market declines, but history suggests that when growth slows, equities tend to struggle. During the past three recessions, the S&P 500 dropped by an average of 39 percent. Investors should be prepared for the possibility of more market turbulence.

These large-cap stocks have been responsible for much of the market’s recent gains, but their outsized influence also increases the risk. If they continue to struggle, the entire market could feel the impact. Investors who have put too much into a few high-profile stocks may be more exposed than they realize.

Source - The Motley Fool

Source - The Motley Fool

Source

Why Market Declines Are Normal

A 10 percent drop in the S&P 500 happens nearly every year. Despite this, the index has always rebounded to new highs. While individual stocks may not recover, broad market indexes have proven resilient over time. This is why staying invested and maintaining a diversified portfolio remains one of the best ways to build wealth.

“The long-term rewards have always gone to those who hold steady, even when things look uncertain.”

The Skybound Wealth Approach: Staying on Course

Skybound Wealth focuses on long-term investment strategies rather than reacting to short-term swings. Our approach is built on:

Source - The Motley Fool

The Bigger Picture: Time for a Shift?

U.S. markets have led the way for years, delivering stronger returns than most other regions. This will not last forever, but that does not mean it is time to abandon ship. A well-diversified portfolio always includes exposure to different markets. A correction like this is a reminder that spreading risk makes sense, rather than a signal to overhaul an investment strategy.

• Asset Allocation – Portfolios are designed to ride out market cycles while staying aligned with long-term objectives.

• Global Diversification – Investments are spread across multiple regions and asset classes to reduce risk.

• Discipline – Selling in a downturn locks in losses. Sticking with a steady investment strategy creates better outcomes over time.

What Should Investors Do Now?

Rather than making decisions based on emotion, now is the time to take a step back and assess the bigger picture:

• Stick with the Plan – Investment decisions should be based on long-term goals, not temporary market swings.

• Keep Investing – Market declines often create opportunities for those willing to take advantage of lower prices.

• Review Portfolio Balance – Being too concentrated in one sector or region increases risk. A well-balanced portfolio helps smooth volatility.

Market Volatility Is an Opportunity, Not a Threat

Volatility is not a reason to panic. It is a reminder of why having a strategy matters. History has shown that those who stay invested through market fluctuations come out ahead in the long run.

If you are concerned about your investments or want to explore the new opportunities volatility can bring, Skybound Wealth’s team of experienced advisers are here to help. Get in touch to discuss your portfolio and plan for the future.

CLIENT & ADVISER

FEEDBACK: SHAPING THE FUTURE OF WEALTH TECH

Written by Zain Shahin Product Lead - App

Wealth management has always hinged on trust and expertise. But in today’s digital-first world, trust is also built through transparency, accessibility, and experience. That’s why Skybound Wealth Management didn’t just digitize, it reimagined how clients and advisors interact with wealth. In an industry often slow to innovate, the Skybound Client App has emerged as a standout. Built for advisors, designed for clients, and driven by real feedback, it’s now shaping the way wealth is experienced in the 21st century.

A Platform, Not Just an App

When the Skybound Client App launched in early 2024, the mission was clear: bridge the growing divide between traditional wealth management and the intuitive digital experiences clients now expect. Within weeks, 1,500 clients had joined, and engagement skyrocketed past 80%. But the vision was never about just building features. It was about building a platform that redefines wealth interaction. We quickly realized that data alone wasn’t enough. Clients didn’t just want to see their investments, they wanted to feel in control of them. That meant moving beyond reports and into real-time action.

What the Industry Missed, and Clients Demanded

For years, digital tools in wealth management were designed to meet back-office needs, not client expectations. The result? Platforms that looked modern but felt transactional. At Skybound, client and advisor feedback revealed a deeper truth: users craved something more immersive. Clients didn’t just want dashboards, they wanted an experience that reflected the best of consumer tech, such as self-service functionality, frictionless communication, intuitive interfaces, and transparency without trade-offs. They wanted a tool that made them feel confident, connected, and in control, not overwhelmed.

For advisors, the ask was different but just as clear. They didn’t fear technology; they wanted it to amplify their role. The app had to make advisors more visible, more responsive, and more strategic, not replace them.

From Blueprint to Powerhouse: The 2.0 Evolution

The initial version of the Skybound Client App proved one thing: clients were ready for change. But it was the 2.0 release that delivered on the full promise of digital wealth management. More than just an update, Version 2.0 was a shift in how clients and advisors interact with their portfolios. Built entirely on user feedback, this release introduced the Advisor Screen, which streamlined communication and updates in real-time, removing delays and increasing transparency. Real-time actions such as top-ups, surplus updates, and risk profile renewals can now be managed in-app, giving clients more control.

Performance insights were also integrated, offering clear investment overviews, trend tracking, and actionable analytics. The Explore hub was added to provide curated financial education based on user behaviour and portfolio needs. We didn’t just add features; we rethought how people want to experience their finances. Version 2.0 brought purpose and personalization into every corner of the app. What started as a digital gateway became a fully-fledged financial control centre.

Proof Beyond the Hype

While it’s easy to talk about transformation, it’s somewhat harder to prove it. But the data speaks volumes. Over 80% of active clients engage regularly, and more than 75% return daily. There’s also been a noticeable drop in unnecessary review meetings. In-app insights and alerts have led to increased client contributions, demonstrating the app’s impact. More importantly, the app has redefined the rhythm of client-advisor relationships. Clients now feel more involved, more informed, and more confident in taking action. Advisors, in turn, are better equipped to respond quickly and offer strategic input where it matters most.

The in-app feedback loop, through ratings, reviews, and direct suggestions, continues to fuel feature development and refine the user experience. It’s a living ecosystem, constantly evolving through realworld use.

BUDGETING LIKE A CFO

JOSH BURTON’S EXPERT TIPS FOR 2025

Written by Josh Burton Chief Financial Officer

What if you could plan your personal finances with the precision and insight of a CFO who has guided global businesses for over a decade?

Skybound Wealth’s Chief Financial Officer, Josh Burton, has held numerous senior roles managing complex budgets for multinational organisations in his career to date. Now, he’s bringing that expertise to expats, empowering them to achieve financial clarity and long-term success.

Why Budgeting in 2025 Matters

The financial landscape is evolving, with inflationary pressures, fluctuating interest rates, and global economic uncertainties. For expats, who often manage multiple currencies and unique financial challenges, a solid budget is crucial.

As someone with experience managing finances across continents and industries, I understand the value of a clear plan. Budgeting is more than tracking what you earn and spend, it’s about aligning every pound with your personal goals, building resilience, and creating opportunities for growth.

My

CFO Approach to Budgeting

Drawing from years of experience, here are my top strategies for creating a 2025 budget that works:

Think Like a Business Leader:

Just as I align budgets with a company’s objectives, align your spending with your personal goals.

For example:

Short-term: Save for a dream holiday.

Medium-term: Build a property portfolio.

Long-term: Plan for retirement.

Be Conservative in Estimates:

Overestimating income or underestimating expenses is a common mistake. Plan for the unexpected by factoring in irregular costs such as annual insurance premiums or holiday spending.

Build an Emergency Fund:

Aim to save at least three to six months’ worth of living expenses. In both business and life, cash flow is king.

“Overestimating income or underestimating expenses is a common mistake. Plan for the unexpected...”

Invest in Your Future:

Allocate funds for wealth-building opportunities, such as investments that match your risk tolerance and goals. Every great business invests in its future, your personal finances should do the same.

Review and Adapt:

A budget should evolve over time. Conduct quarterly reviews to ensure your financial plan stays aligned with changing circumstances.

Avoid These Budgeting Pitfalls

Even the best plans can falter without careful attention. Here are common mistakes to avoid:

• Ignoring irregular expenses.

• Not adjusting your budget to account for changes in income or costs.

• Failing to align your budget with your long-term goals.

Building on Proven Expertise

Throughout my career, I’ve focused on supporting businesses and individuals in achieving financial success. I’ve developed systems to streamline operations, introduced efficient financial processes, and provided strategic guidance during pivotal transitions.

This experience has reinforced my belief that success, both in life and business, requires acting quickly on opportunities and planning effectively. By applying strategic foresight and streamlined planning, achieving financial goals becomes a structured, manageable process.

This philosophy, rooted in years of practical experience, is the foundation of how I approach personal financial planning for my clients.

“The financial landscape is evolving, with inflationary pressures, fluctuating interest rates, and global economic uncertainties.”

How Skybound Wealth Can Help

At Skybound Wealth Management, my team and I deliver enterprise-level insights tailored to expat financial planning. From customised investment strategies to comprehensive budgeting support, we empower clients to build financial security and achieve their goals.

Financial planning should inspire confidence and provide clarity. It’s about creating opportunities for growth and ensuring every client has the tools they need to succeed.

Ready to Plan Like a CFO?

The year ahead is full of possibilities. Take charge of your financial future with expert guidance from me and the Skybound Wealth Management team.

IN THE SPOTLIGHT: PauL BuTLEr

SENiOr FiNaNciaL

PL aNNEr | uaE

When you ask around Skybound Wealth about Paul Butler, one thing becomes clear fast , he’s not just respected, he’s relied on. With over 25 years in financial services, more than a decade of which has been spent advising clients across the Middle East, Paul is one of our most experienced and trusted advisers. Affectionately known as “Coach Paul,” he brings a rare mix of calm authority and grounded perspective, whether he’s guiding clients through complex cross-border planning or mentoring the next generation of advisers. His philosophy is simple but powerful, plan on purpose, not by accident, and it shows in the long-standing relationships he’s built with clients across the region. Paul’s specialisms span the full spectrum of international financial planning, from pension reviews and retirement strategies to education fee planning, income protection and inheritance tax advice. But it’s his holistic, people-first approach that truly sets him apart.

“...he brings a rare mix of calm authority and grounded perspective...”

Outside of work, Paul is just as committed to coaching, this time on the rugby pitch. A longtime Dubai resident, he volunteers with the Dubai Hurricanes and is a regular on the sidelines at youth tournaments, cheering on his kids with the same energy and encouragement he brings to the office. Now celebrating 13 years at Skybound Wealth, Paul continues to help shape both our business and our culture. Whether he’s fronting a client event, starring in a video, or simply offering a thoughtful word to a colleague, his impact is undeniable.

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Wealth Management For Life, Globally.

Award winning, independent & internationally regulated financial planning & pension advice through life’s journey.

At Skybound Wealth Management we are always looking for ways to ensure you are able to keep more of your money, and that it continues to work as hard for you as you did to earn it in the first place.

Skybound Wealth is part of a group of several organisations, each of which is regulated in the respective jurisdictions where they are based. With specialist product divisions covering matters such as Pensions, Repatriation and Investments, and specialist teams dedicated to assisting international workers from nations such as the UK, US, South Africa and Australia, we are perfectly placed to help you wherever your expat journey may take you.

Scan the QR code or click here to contact your Skybound Wealth Financial Adviser today for more information about any of the topics seen in this publication.