At just 39, Zeinab Majed holds the position of assistant principal at GEMS Al Barsha National School. A Lebanese expatriate, she has resided in the UAE for 16 years. Based in Dubai, she views money as a means to enhance life quality. If asked to define money in a single word, she would say, 'Tool.' If she were to pen a letter to money, it might read:
Dear Money, I recognise your elevated status in today's world, with everyone vying for your attention. I’m uncertain whether to fault you or the society that has placed you on such a pedestal. Yet, it’s clear that you wield a significant influence over our lives.
Zeinab describes her relationship with money as pragmatic and respectful. She sees it as a tool that aids in fulfilling basic needs, achieving goals, and ensuring security. She aims to manage it judiciously, balancing its practical use with a healthy perspective on its role in life. This relationship developed from her early work experiences at 19 while studying, where she grasped that money is a tool for goal attainment, nothing more. Over nearly two decades, she has maintained this belief, finding that pursuing money solely does not bring satisfaction. True happiness, in her view, is not about amassing wealth but using money to create lasting, joyful memories.
From her mother, Zeinab learned valuable lessons in money management. Her mother emphasised prudence in spending and wise financial decisions, advocating for quality investments over fleeting purchases. This approach instilled a sense of responsibility and prioritised long-term value over short-term gratification. Her mother’s guidance continues to influence her financial mindset, promoting sustainability and thoughtful expenditure.
Zeinab believes in open communication about money matters, discussing them primarily with trusted family members and close friends. She views money as a practical aspect of life that benefits from thoughtful discussion and shared experiences. Her husband has been her most significant teacher in financial management, significantly shaping her approach with his exceptional vision and insights.
If she could offer one piece of advice to her younger self or her child about money, it would be, 'Do not save what is left after spending but spend what is left after saving.' This advice underscores the importance of prioritising saving and investing as proactive financial habits.
Her values regarding spending have evolved with age and life stages. By her 40s, while continuing to prioritise family and future planning, she also values spending on experiences and activities that bring the most happiness and fulfilment. Her greatest financial decision has been to live in the UAE, a choice she is most proud of and one that has been highly profitable in various ways.
