Ep 56 | How Smart Expats Build Wealth & Protect Their Future ft. Keerthana Marame

That is fantastic.

Now, when it comes to advising expats here, now, if we can start with...

Tracking the journey of a typical expat, like I've given you my journey and you've mentioned your own journey.

We all come here to earn a living to start with and give a better future to our families, to children, right? Correct.

Finance is the first main component that comes to our minds, right? Now, a lot of expats come here, they have jobs, they have businesses, right? Are they planning their future ride at the moment? What is your experience so far in terms of dealing with this?

Not many.

Even in my personal life also, the trial and error had happened.

So we don't talk about finance publicly.

We don't disclose what is our investment strategy and what are our plans, what are our fears.

Mostly, we are into show-off most of the time.

Yeah.

You know, so...

Because of this, even in my own life, I had lost.

We had lost.

I mean, there is a learning cost associated with everything.

And what you study, maybe, you know, preparing balance sheet, understanding it is very different from going beyond the number.

So that, you know, it had killed at least five or six years of compounding, which would have happened in our life.

So...

That is one part and I wouldn't say sometimes it is ignorance and not much discussion happening around it and education awareness everything is low so mostly people are not adequately prepared.

You think the problem can be traced back to the very schooling system that we come from?

100%.

100%.

Because you are made to prepare for taking up a job all the time.

It works like that.

It means you have to get a good mark and you will be recruited by a very good MLC.

That is fantastic.

Now, when it comes to advising expats here, now, if we can start with...

Tracking the journey of a typical expat, like I've given you my journey and you've mentioned your own journey.

We all come here to earn a living to start with and give a better future to our families, to children, right? Correct.

Finance is the first main component that comes to our minds, right? Now, a lot of expats come here, they have jobs, they have businesses, right? Are they planning their future ride at the moment? What is your experience so far in terms of dealing with this?

Not many.

Even in my personal life also, the trial and error had happened.

So we don't talk about finance publicly.

We don't disclose what is our investment strategy and what are our plans, what are our fears.

Mostly, we are into show-off most of the time.

Yeah.

You know, so...

Because of this, even in my own life, I had lost.

We had lost.

I mean, there is a learning cost associated with everything.

And what you study, maybe, you know, preparing balance sheet, understanding it is very different from going beyond the number.

So that, you know, it had killed at least five or six years of compounding, which would have happened in our life.

So...

That is one part and I wouldn't say sometimes it is ignorance and not much discussion happening around it and education awareness everything is low so mostly people are not adequately prepared.

You think the problem can be traced back to the very schooling system that we come from?

100%.

100%.

Because you are made to prepare for taking up a job all the time.

It works like that.

It means you have to get a good mark and you will be recruited by a very good MLC.