Silver membership gives you access to one workshop (101 or 102), the latest personal finance tools and member events. There is no annual charge. Workshop dates must be booked in advance, as they tend to sell out.*
Based on the Dead Simple Saving 10 Steps to Financial Independence, Steve will personally take you through everything you need to do, explaining the basics and showing you the most practical path to saving and investing as an expat.
Expat Saving & Investing 101: Mindset, Planning, Fixing & Saving
The worst thing you can do with investing is jump in blindly and then freak out when the stock market takes a beating. Do the preparation first, put all your safety nets in place and feel much more confident about your current & future finances. Using your own numbers and our Excel workbook (no skills required!), you will develop your own detailed and customised plan.
Part I: Mindset and Planning
- How your mind can work against you and how to get in the right mindset for investing
- How to plan for financial independence and early ‘retirement’
- How to really understand your current financial situation
- How to track your net worth and monthly savings rate, then improve them rapidly
- How to calculate your own target net worth, years to retirement, upfront & monthly investment size
Part II: Fixing and Saving
- How to maximise your income and minimise your expenses
- How to manage loans and cards effectively
- How to establish a cash buffer of appropriate size
- How to give every dirham a purpose and make your money work hard
Or, if you feel you have all of the above sorted (are you sure? :), then choose:
Expat Saving & Investing 102: What to invest in and how to invest as an expat
Part I: What to Invest in
- What stocks, bonds, indices and ETFs are
- Multiple ways to reduce the risk in sensible stock market investing
- Why passive index investing beats active investing
- How to select an appropriate mix of passive stock index fund(s) and bond fund(s), based on your own personal situation
- How to deal with tax, currencies, time to retirement and market fluctuations
- How to align your real estate portfolio with stock and bond investing for retirement
Part II: How to Invest as an Expat
- How to invest confidently as an expat, using an offshore brokerage and an exchange house
- What to do when you go back to your home country
- How to fill in the brokerage application form
- How to buy your first ETF online
Not only will you understand how to do it – you will have started already, with all the numbers calculated and accounts set up, practice trade done, ready to make your first investment.
There are only a limited number of seats at any workshop. Anyone aged 21 or over is welcome. You will need to bring a laptop with Microsoft Excel (no prior experience necessary). Ideally, you should have a gmail account or Google Drive account. You should also bring details of all your savings, investments, debt and main expenses, so you can develop your financial plan. You will only have to share as much financial information as you are comfortable with.
If you only want to invest in real estate or actively trade stocks as your main source of income, this course is probably not for you. It focuses on how to spend a minimum amount of time on personal finance through passive stock and bond investing, so you can get on with the more exciting things in life. Of course, some real estate and some trading is ok – we’ll show you how to find the balance.
All weekend workshops run from 10am to 4pm, latest 5pm if we run over or there are lots of questions, with a break for lunch or prayer around 1pm. We keep the group size fairly small, so that everyone can get to know each other, ask questions and receive personal attention.
*Membership refund policy: before 72 hours of your selected workshop, full refund less any processing fees charged by third parties. Within 72 hours of your selected workshop, no refund though you may switch to a later date if one becomes available.