A couple of weeks ago, I had a conversation with our landlord here in Dubai and found out that his finances are in tatters. Mired in debt with no clear solution. He even owes money to relatives, friends and some people in church. I’m not talking about 5 digits of debt; he owes the bank and other people a total of AED 365K (PHP 5.152 Million)! That’s a staggering amount especially for someone whose income is not even enough to cover the monthly payments.
This is our second time to attend Money Talks UAE, and this by far has been the best and most interesting one we’ve been to. The conference was supposed to start at 1PM, but due to technical glitches it started at nearly 2PM, cutting the entire conference time short by almost two hours, and forcing the speakers to shorten their discussions a bit. It was not the full-day conference like the previous ones; a bit short on time, and cut even shorter due to technical difficulties, but definitely not short on information and new learnings from the excellent speakers.