Indian expat Meeta Gupta: 'How I got out of a scarcity mindset'

Meeta Gupta has made a career of helping other women in their financial journey. The Dubai-based Indian expatriate has been in the UAE for eight years. She is a wealth coach and Founder of Moolah for Women. At 55, she calls money ‘freedom’ and hopes to help others find theirs.

If you had to write a letter to money, what would you say?

Dear Money, you have taught me your value and the importance of respecting and caring for you. I have learned that if I keep you happy, you will keep me happy too. Your presence in my life grants me freedom, and I am grateful for the opportunities you afford me to help others understand your significance. May you spread abundance to everyone.

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

How would you describe your relationship to money?

My relationship with money has evolved over time. As a child, I didn’t think much about it, but as I grew older, I was trapped in a scarcity mindset. Despite hard work, I felt money eluded me, and this led to resentment, especially during conflicts with my husband over financial matters. A turning point came when I began to understand how money works, shifting my perspective from fear to love and gratitude.

How was this relationship formed?

The evolution of my relationship with money began when I started Moolah for Women. Driven by a desire to learn, I researched and interacted with various individuals. I embraced manifestation techniques.  

What lessons about money management did you learn from your mother?

My mother has lived a life of abundance, dreaming big with my father’s support. From her, I learned the power of an abundance mindset. However, her lack of money management skills made me realise the importance of saving and planning for long-term security rather than succumbing to short-term pleasures.

Who has taught you the most about
financial management?

My foundational understanding of financial management comes from my professional background. I always adhere to the Moolah mantra: Save first, spend later. My skills were honed through interactions with women facing diverse financial challenges. Researching techniques from experts further enriched my knowledge.

What has been the most profound experience you’ve had so far in relation to money, and what has it taught you?

Starting Moolah for Women has been my most profound experience related to money. Listening to women’s fears and insecurities has reinforced my privilege and motivated me to empower others.  

How do you think living in the UAE has changed your relationship with wealth?

Living in the UAE has been transformative. My journey here has been about living consciously within my means while enjoying life.

What advice would give your child or your younger self?

I would tell my younger self that money is energy, security, and freedom. Understand how it works, embrace the power of compounding, save and invest early, and cultivate a positive relationship with it.

What do you value spending money on?

I prioritise spending on networking, experiences, and personal growth, ensuring that each financial decision aligns with my broader goals and aspirations.

Do you long-term plan your finances?

I firmly believe in defining both long-term and short-term goals. Consistent saving and investing help me stay motivated and directed towards my objectives.

What is your long-term goal?

I aspire to empower 1 million women through Moolah for Women and grow the company to a $10 million (Dh36 million) valuation to increase my impact.

How much do you save each month?

My family saves at least 50 per cent of our monthly income.

 What is your biggest financial regret? 

My biggest regret is the lack of alignment with my partner regarding financial management early in our marriage, which set us back in our journey toward financial freedom.