top of page
Search

OFW Story: Don, worked his way out to be Financially Independent & Invested much at a young age.



In the Philippines, we missed out so much on Financial Education/Literacy. It's not bad to help, but sometimes we tend to forget that we also need to help ourselves because you're the machine that's working.


Change your attitude towards money, what is your relationship with money? Rather than spending blindly, pay yourself and set aside for the future.


People don't realize that when we work, we get paid because we're exchanging time with money. The ultimate goal is to have a passive income wherein your investment will pay you.


The more you invest, the more income streams you have.


Don't put savings on a regular bank, instead put it in a high yielding account like CIMB digital bank.


Dreams, Goals and Ambitions - If you want to achieve it, look for ways to increase that income to achieve those goals. Other people limit their goals and dreams by the size of their income. The mindset should be, how can I increase my income to achieve my goal?


For me, I keep track of my budget daily... running, target, surplus/deficit - you need to budget, know where the money is going & how you're spending. If you keep track, you'll know right away the budget and the cash flow.


You need to have the discipline and at least you need to start somewhere.


To the next generation: If you're planning to go abroad, better to be overprepared. You need to know your WHY and if you have that purpose, you'll have that perseverance to really pushed through. You must have "Grit and Resolve", which will ensure that you're equipped with a passion to achieve your dreams.


Don's thought on this experience: It's been a long time since I have spoken to anyone with regard to my experiences especially during this pandemic that there was no personal interaction with people and it's good to get in touch with others and through this platform, I get to share tips and hope people learn from it.

~ Don Jr., Business Intelligence, 34years of age-based in Abu Dhabi.


Don, is a big advocate of Financial Freedom and Independence. At a very young age, he already invested:

- his own house - his car - goat-raising farm livestock - condo in CDO for AirBNB rental when things get back to normal post-pandemic - Ofoodie - is a food and beverage delivery app that focuses on customer experience through a. SM in-mall concierge providing Multiple Orders, Different Restos, and ONE DELIVERY and b. Direct-to-kitchen delivery system. If you're in CDO, check out https://www.facebook.com/ofoodie/ and download it on your mobile phones for easy food/beverage deliveries!


Don started working at the age of 18 in Concentrix as Workforce management, he's the breadwinner of the family and he worked hard to study and get his Bachelor's degree.


He did a lot of side hustles to save up money and planned to work overseas.


He has a clear goal in mind: Buy a house, save, invest, travel and retire at an early age.


If you get a chance, check out these books:

Rich Dad, Poor Dad by Robert Kiyosaki - Advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ).


Think and Grow Rich by Napoleon Hill - The book asserts that desire, faith, and persistence can propel one to great heights if one can suppress negative thoughts and focus on long-term goals.


In this video, Don also shared:

-what it's like living in Abu Dhabi (AD) -his comparison with AD vs Dubai -his pandemic experience with AD -the weather in AD -the transportation mode -the apartments/flat in AD -His work experience with Concentrix had a huge impact on his current role in AD -His role as Business Intelligence in a Government Hospital in AD - part of his role is to convert the raw data into usable and actionable information -the major industries in AD -his thoughts of migrating to other countries -Cultural differences experience -he studied the culture before moving to AD -formal wear to work -pork/liquor in AD -Ramadan experience -Don on weekends -Security in AD/Dubai


Don, it's an absolute pleasure talking with you. Thank you for taking the time off with me and for the audience to learn from your experience and passion. All the best with all that you do! xx


If you want to share your beautiful story and help inspire others, please connect with me on:


Thank you for your love and support. Cheers!





 
 
 

Comments

Post: Blog2_Post

©2021 by Dizynurlyf Manifesto. Proudly created with Wix.com

bottom of page