Passionately M

These days many people want to be in business, knowing that one gets rich faster being an entrepreneur than being a regular employee. Starting and managing a business is quite challenging particularly in the first five (5) years, but it promises an exponential growth, compared to being an employee that gives one fixed income, with the hourly rate multiplied by the number of hours rendered for a particular service. To do business in the United Arab Emirates (UAE), one must get a trade license. It is very, very important. We see many products and/or services posted on social media, and behind them are people taking the risks of doing so without any trade license not realizing that if caught they would be fined with a big amount of money, much, much more than what profits they have generated from their sales, aside from other sanctions. According to Khaleej Times , "UAE residents risk a fine of up to AED500K for selling items on social media without a license , including ...

Here and there I see jaw-dropping price reductions of many consumer items. Sad to say, I observed that shops displaying signs showing "up to 90% OFF" later closed.  I see some establishments which had been here since I came in December 2005, stopping their operations. There is hyperconsumerism. We see many, many consumer products in physical stores and online market. The advertisements have call-to-action images and text moving people to buy for consuming purposes, normally appealing to one's emotions so that the items will be a part of personal identity. Almost everywhere advertisements 'dictate' our brains to let the money fly -- spend, spend, spend! I am wondering if time will come when there will be massive opportunities to earn money everywhere, too, so people will have enough resources to buy what they need and want with smiles in their faces. Why is it easier to spend than earn money? There are fewer rules when you spend money. You want this and...