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Is your country making you rich?
I've written extensively about what we can do on our own to build wealth over time; have a savings goal, build an emergency fund, stock market investments, a pension and more. Let's change the focus for a moment and imagine you don't have to do 80% of this because your government has programmes to easily help you build wealth. How would that feel?
In this post, I explore the United Arab Emirates (UAE) and the perks given to it 1.4 million Emirati citizens who have an average net worth of $99,000.
Infographic: What do you get an a citizen of UAE? Plenty!
Healthcare (free). Roof over my head (check). Job (guaranteed), Large pension (check) & more
UAE is a country known for Dubai, its oil wealth, architectural landmarks, home to millions of expats and more. Its government has created a financial cushion for its citizens with the focus on giving them a high standard of living. It seems Emirati citizens might have the dream quite a lot of people are after, much akin to lottery winners; you don't have to worry about a job, your old age, your health even your marriage costs!
Some lessons and next steps