dubai coastal engineering consultant surfing the highs and lows
Tuesday 15 July 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Dubai coastal engineering consultant surfing the highs and lows

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleDubai coastal engineering consultant surfing the highs and lows

Lachlan Jackson considers any self-education a good investment.
Dubai - Arab Today

Lachlan Jackson is the founder and managing director of Ecocoast Contracting, a UAE-based marine construction company he launched in 2009 and Ecobarrier Manufacturing, a marine manufacturing firm he set up in 2012. The Australian, 34, began his career in finance before launching several businesses, including a fashion label. Mr Jackson moved to Dubai 10 years ago to launch a branch office of an Australian coastal engineering consultancy.
How did your upbringing shape your attitude towards money?
Even from when I was young I always had to work for my pocket money. My brother and I had a list of chores on the wall which had a set fee beside it and the maximum frequency we could do it per week. So for example 5 Australian cents (14 fils) for taking out the rubbish, but I could only do it twice per week to prevent me taking advantage of the system. It taught us the value of what we earned. I would save everything. As I was older, we were also incentivised in the same way to read books.
How much did you get paid for your first job?
When I was 15 in 1997, I worked in a surf store on the Gold Coast; I earned A$6 or A$7 an hour. Aside from a brief and uninspiring stint as an accountant, I kept this job until I graduated from university. I was the manager by this stage but I left it to start my own clothing fashion label. The store I’d worked at became one of our early clients.
Are you a spender or saver?
Definitely a saver. Not for anything in particular, I just need a safety net to weather the shocks you experience in business and to get through those rainy days.
What is your most cherished purchase?
A La Marzocco GS3 coffee machine about three years ago. It was around Dh20,000 – an obscene amount for a coffee machine – however hands down, the best purchase I have made.
Have you ever had a month where you feared you could not pay the bills?
Too many for comfort. As a business owner I think that fear is always there in the background to varying degrees. You just learn to live with it.
Where do you save?
Quite a lot is tied up in my business, although I try to keep a good amount of cash in savings accounts to access if needed. Lately more and more is tied up in real estate or in higher interest investments such as Beehive, which I think is a great platform for the region.
Do you prefer paying by credit card or in cash?
Credit card wherever possible. I find it easier to manage than cash; you can track all your spending to budget, plus the points are a big draw for flights.
What has been your best investment?
Around three years ago I made a conscious decision to start devouring books on any subject that interested me; business, meditation, self-improvement, travel. Looking back I can see the cumulative change and the result of this. Any time spent on self-education and learning is a good investment.
What do you most regret spending money on?
Impulse purchases. For this reason I usually try to stall on decisions. If I find the idea grows, I go with it but quite often I find a week later some of the shine has worn off, which indicates it wasn’t a great idea.
What financial advice would you offer your younger self?
To always do your due diligence on an investment. It is easy with the online world to lose sight of the fact that electronic money is the same as physical money when you are moving it around. Imagine every investment or expense as if you are paying for it with physical cash.
Do you have a plan for the future?
At this point, my three-year focus is solely on the business and taking it into a new phase of our growth internationally.
If you won Dh1 million, what would you do with it?
Help other SMEs in the region. I would find a start-up with a cause I believed in, real potential and invest in them.

Source: The National

themuslimchronicle
themuslimchronicle

GMT 08:31 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 09:07 2018 Monday ,22 January

WENN appoints entertainment journalist

GMT 07:07 2018 Sunday ,21 January

Facebook to let users rank 'trust'

GMT 12:23 2018 Saturday ,20 January

Booby-trapped messaging apps used

GMT 06:34 2018 Friday ,19 January

Taiwan chip 'godfather' bullish on cryptocurrency

GMT 06:37 2018 Thursday ,18 January

YouTube toughens rules regarding

GMT 07:53 2018 Wednesday ,17 January

Remand extended for Palestinian teen

GMT 06:53 2018 Tuesday ,16 January

Russia's Lavrov lashes out at US
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubai coastal engineering consultant surfing the highs and lows dubai coastal engineering consultant surfing the highs and lows

 



Themuslimchronicle, themuslimchronicle

GMT 21:49 2018 Tuesday ,23 January

Trump to tell Erdogan of concern over Syria offensive

GMT 08:12 2017 Friday ,15 December

Bahrain leaders congratulated on national days

GMT 02:11 2017 Saturday ,09 September

US formally requests UN vote Monday on N. Korea

GMT 15:31 2017 Monday ,30 January

ONCF Reveals Statistics of 2016 and Budget of 2017

GMT 12:05 2016 Friday ,07 October

A US deal with Deutsche Bank 'better than trial'

GMT 09:53 2018 Monday ,01 January

Man City winning run ends in draw

GMT 11:54 2017 Thursday ,28 December

IS claims Kabul bombings

GMT 05:56 2015 Wednesday ,16 September

High time for Egypt to join strong economic blocs

GMT 16:43 2011 Friday ,08 July

Monaco\'s princess in South African charity

GMT 20:52 2016 Tuesday ,03 May

Leicester City wins English Premiership

GMT 04:58 2015 Tuesday ,22 September

Romo could miss half NFL season with shoulder injury

GMT 01:09 2017 Thursday ,16 February

Australian senator to form new conservative party

GMT 13:05 2016 Thursday ,31 March

Boko Haram Kill 6 Soldiers in Southeast Niger

GMT 15:53 2014 Thursday ,18 September

10 tips to have a successful marriage for men

GMT 01:44 2016 Thursday ,08 December

Int'l cooperation minister leaves for Jordan
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle