Lynsay Kilbane says Albie, her pet chihuahua, is a cherished purchase along with her handbag collection. Pawan Singh / The National
Lynsay Kilbane says Albie, her pet chihuahua, is a cherished purchase along with her handbag collection. Pawan Singh / The National
Lynsay Kilbane says Albie, her pet chihuahua, is a cherished purchase along with her handbag collection. Pawan Singh / The National
Lynsay Kilbane says Albie, her pet chihuahua, is a cherished purchase along with her handbag collection. Pawan Singh / The National

Money & Me: ‘I grow my wealth by investing in property and travel’


Deepthi Nair
  • English
  • Arabic

Lynsay Kilbane worked as a governess in many ultra-high-net-worth households, which gave her an insight into understanding what it takes to help these families run their personal lives smoothly.

Drawing from 15 years of experience working in such roles, the Abu Dhabi-based Briton launched The Mama Consultancy, a luxury private household staff recruitment agency, in 2022 to provide elite staffing solutions for super rich and high-income families in the Middle East and globally.

She first moved to Abu Dhabi for a governess role with a local family in 2016 but moved back to London for a couple of years.

Then Ms Kilbane returned as a governess for another local family, a role she held until last year.

“I work with UHNW families taking care of their children. That's everything from day-to-day care, personal assistant duties, organising parties, managing their wardrobes, planning travel, liaising with their schools and their schedules, ensuring the children have great manners and implementing boundaries,” she says.

Ms Kilbane left school and started college, but realised it was not for her. She started working as a part-time nanny at the age of 18 and worked her way up from being employed by regular households to later supporting prestigious families.

She is a full-time business owner now and has been in the UAE for about five years in her second stint as governess.

She lives with her partner in Reem Island, Abu Dhabi.

Did wealth feature in your childhood? What did you learn from it?

My dad had his own business since leaving school at a very young age. He inspired me to work for myself and create something so I don't have to rely on others.

I come from a very stable household and never had any money worries, which, I think, has carried into my adult life because I do not see money as an issue. I do not think about it negatively.

I learnt that if you work hard and have a positive attitude, money will always come.

How did you first earn? What did your first job pay?

I have been working since I was 10. It was a variety of things such as dog walking, car washing and creating a magazine with my best friend.

I have always been looking for the thing that clicked for me.

My first job as a part-time nanny paid £250 ($317) a week.

Why did you decide to become an entrepreneur?

Working in a private household myself, I realised there are so many roles behind the scenes to help these families run their personal lives smoothly.

I am always approached by families asking if I can work for them or help find somebody like me.

I had always resisted because I thought it was a big responsibility being entrusted to look after children, as we are a big influence on them. But I ended up thinking I should give it a try and have not looked back since.

My company specialises in providing elite households with nannies, house managers, butlers and chefs.

Another part of my business offers a lifestyle concierge service for families. This could include booking them a luxury holiday somewhere or finding them a very rare puppy. I receive a lot of interesting requests.

My target audience is UHNW families across the world. I am based in the UAE but have clients in Kenya, Saudi Arabia, Qatar and the UK. They are looking for elite household staff to manage either their main property or several properties across the world.

How do you grow your wealth?

A few years ago, I invested in a property in the town of Bicester outside London and then sold it at an amazing time. That was a way of growing my wealth.

I would like to be my own version of financially independent. I'd like to be able to have enough money to be present for my future family
Lynsay Kilbane,
founder of The Mama Consultancy

I also think that travel is a way that I grow my personal wealth. Travel is incredible and it is where I spend a lot of my money.

We travelled yearly as a family. We always went to different destinations, for example, we went to Venezuela when I was 11 years old. So, my family gave me the opportunity to see the world and it ignited a passion for travel.

I travel minimum six times a year. I went to Fiji for six weeks and was volunteering on a remote island without electricity or water. It was humbling and it makes you see the value of money when you meet people who do not have it.

With my job, I also get to travel to the most luxurious places in the world where money is not an issue at all. So, you see it from that end as well, which is incredible.

Are you a spender or a saver?

Both. I love to spend on handbags, they are my weakness. I also love to spend on books and travel.

But I also like to save because I love having this safety net if anything happens.

Have you been wise with money?

I would say so. But there is always so much to learn about managing money and investing.

What has been your best investment?

My house that I sold in Bicester. It was an up-and-coming area and I really lucked out on that sale. It helped me to make sure that I had the safety net of retiring from nannying and going into my business.

Investing in travel is also worthwhile.

Lynsay Kilbane likes to save because she wants a safety net if anything happens. Pawan Singh / The National
Lynsay Kilbane likes to save because she wants a safety net if anything happens. Pawan Singh / The National

Any cherished purchases?

My dog, Albie. He is a blue chihuahua. He is just over a year.

Also, my handbag collection, which is something I have grown since I got my first pay cheque.

Any financial advice for your younger self?

Get into property investment earlier. I bought my first property at the age of 29.

What are your financial goals?

I would like to be my own version of financially independent. I would like to be able to have enough money to be present for my future family.

I would like to also add passive incomes to my main business, which would give me more freedom in terms of time. I have got several things in the pipeline.

What luxuries are important to you?

A really good cup of coffee. I like to make sure the small things in life, the everyday things are luxurious.

Life is too short to settle for average things.

UAE currency: the story behind the money in your pockets
Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

The biog

Age: 35

Inspiration: Wife and kids 

Favourite book: Changes all the time but my new favourite is Thinking, Fast and Slow  by Daniel Kahneman

Best Travel Destination: Bora Bora , French Polynesia 

Favourite run: Jabel Hafeet, I also enjoy running the 30km loop in Al Wathba cycling track

What is Diwali?

The Hindu festival is at once a celebration of the autumn harvest and the triumph of good over evil, as outlined in the Ramayana.

According to the Sanskrit epic, penned by the sage Valmiki, Diwali marks the time that the exiled king Rama – a mortal with superhuman powers – returned home to the city of Ayodhya with his wife Sita and brother Lakshman, after vanquishing the 10-headed demon Ravana and conquering his kingdom of Lanka. The people of Ayodhya are believed to have lit thousands of earthen lamps to illuminate the city and to guide the royal family home.

In its current iteration, Diwali is celebrated with a puja to welcome the goodness of prosperity Lakshmi (an incarnation of Sita) into the home, which is decorated with diyas (oil lamps) or fairy lights and rangoli designs with coloured powder. Fireworks light up the sky in some parts of the word, and sweetmeats are made (or bought) by most households. It is customary to get new clothes stitched, and visit friends and family to exchange gifts and greetings.  

 

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

THREE POSSIBLE REPLACEMENTS

Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.

Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.

Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

MATCH INFO

Final: England v South Africa, Saturday, 1pm

Fixtures

Wednesday

4.15pm: Japan v Spain (Group A)

5.30pm: UAE v Italy (Group A)

6.45pm: Russia v Mexico (Group B)

8pm: Iran v Egypt (Group B)

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

SCHEDULE

6.30pm Maiden Dh165,000 (Dirt) 1,400m
7.05pm: Handicap Dh170,000 (D) 1,600m
7.40pm: Maiden Dh165,000 (D) 1,600m
8.15pm: Handicap Dh210,000 (D) 1,200m
8.50pm: Handicap Dh210,000 (D) 2,000m
9.25pm:Handicap Dh185,000 (D) 1,400m
 
Amith's predicted winners:
6.30pm: Down On Da Bayou
7.05pm: Etisalat
7.40pm: Mulfit
8.15pm: Pennsylvania Dutch
8.50pm: Mudallel
9.25pm: Midnight Sands

Company profile

Date started: Founded in May 2017 and operational since April 2018

Founders: co-founder and chief executive, Doaa Aref; Dr Rasha Rady, co-founder and chief operating officer.

Based: Cairo, Egypt

Sector: Health-tech

Size: 22 employees

Funding: Seed funding 

Investors: Flat6labs, 500 Falcons, three angel investors

THE SPECS

Engine: 4.0L twin-turbo V8

Gearbox: eight-speed automatic

Power: 571hp at 6,000rpm

Torque: 800Nm from 2,000-4,500rpm

Fuel economy, combined: 11.4L/100km

Price, base: from Dh571,000

On sale: this week

LAST 16

SEEDS

Liverpool, Manchester City, Barcelona, Paris St-Germain, Bayern Munich, RB Leipzig, Valencia, Juventus

PLUS

Real Madrid, Tottenham, Atalanta, Atletico Madrid, Napoli, Borussia Dortmund, Lyon, Chelsea

At a glance - Zayed Sustainability Prize 2020

Launched: 2008

Categories: Health, energy, water, food, global high schools

Prize: Dh2.2 million (Dh360,000 for global high schools category)

Winners’ announcement: Monday, January 13

 

Impact in numbers

335 million people positively impacted by projects

430,000 jobs created

10 million people given access to clean and affordable drinking water

50 million homes powered by renewable energy

6.5 billion litres of water saved

26 million school children given solar lighting

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets
The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
Results

4pm: Al Bastakiya Listed US$300,000 (Dirt) 1,900m; Winner: Emblem Storm, Oisin Murphy (jockey), Satish Seemar (trainer).

4.35pm: Mahab Al Shimaal Group 3 $350,000 (D) 1,200m; Winner: Wafy, Tadhg O’Shea, Satish Seemar.

5.10pm: Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m; Winner: Wildman Jack, Fernando Jara, Doug O’Neill.

5.45pm: Burj Nahaar Group 3 $350,000 (D) 1,600m; Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass.

6.20pm: Jebel Hatta Group 1 $400,000 (T) 1,800m; Winner: Barney Roy, William Buick, Charlie Appleby.

6.55pm: Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m; Winner: Matterhorn, Mickael Barzalona, Salem bin Ghadayer.

7.30pm: Dubai City Of Gold Group 2 $350,000 (T) 2,410m; Winner: Loxley, Mickael Barzalona, Charlie Appleby.

Results

5pm Maiden (PA) Dh80,000 1,400m

Winner No Riesgo Al Maury, Szczepan Mazur (jockey), Ibrahim Al Hadhrami (trainer)

5.30pm Handicap (PA) Dh80,000 1,600m

Winner Marwa W’Rsan, Sam Hitchcott, Jaci Wickham.

6pm Handicap (PA) Dh80,000 1,600m

Winner Dahess D’Arabie, Al Moatasem Al Balushi, Helal Al Alawi.

6.30pm Handicap (PA) Dh80,000 2,200m

Winner Safin Al Reef, Connor Beasley, Abdallah Al Hammadi.

7pm Wathba Stallions Cup Handicap (PA) Dh70,000 2,200m

Winner Thulbaseera Al Jasra, Shakir Al Balushi, Ibrahim Al Hadhrami.

7.30pm Maiden (TB) Dh 80,000 2,200m

Winner Autumn Pride, Szczepan Mazur, Helal Al Alawi.

Updated: May 31, 2024, 6:02 PM`