Young entrepreneurs can showcase their products or services to a global audience without needing a lot of money upfront
lifestyle3 days ago
As the general manager of Japanese restaurant Okku Dubai, Marija Milojevic has reached a career high at 34. The Serbian has been in the UAE for 10 years, climbing the hospitality ladder and now leading one of Dubai’s most sought-after dining establishments. Here, she tells us how her humble upbringing has influenced her daily decisions, and how it keeps her grounded, valuing experiences over the material things in life.
If you had to use one word to describe money what would it be?
Freedom.
If you had to write a letter to money, what would you say?
Dear Money, we have had a long, sometimes troubled relationship. You have caused me moments of great joy and great sadness. At times, I’ve felt you were my best friend, at others, my worst enemy. With all that said, I value you greatly. When I’ve needed you, you’ve been there to support. Thank you, I love you.
How would you describe your relationship to money?
I’m not always the most responsible with my money but I don’t squander it either. I value experiences over possessions and most of my disposable income is spent on travel and experiences.
How do you think this relationship was formed?
I grew up in Serbia and it was certainly not a privileged upbringing. Since establishing my own career and earning my own money I’ve realised that whilst money is important, it’s not everything. Living life and getting the most out of it is more important than money in the bank.
What good or bad lessons about money management did you learn from your mother?
My mother has always worked exceptionally hard and still does to this day. She is certainly more cautious with money than I am, that’s probably a lesson I’m still to fully learn.
Who do you speak to about money matters and is it something you consider ‘taboo’?
I speak very openly with close friends and family about money; it’s certainly not a taboo subject but also not something any of us brag about.
Who has taught you the most about financial management?
I don’t think there is one individual I can point to. My mother, from a cautious standpoint. Friends, those in Dubai particularly, are more relaxed when it comes to their finances. I do read and am interested in stories behind people’s success.
How do you think living in the UAE has changed your relationship with and perception of money/wealth, etc.?
There are definitely more outward displays of wealth here than in Serbia. I think when I first arrived I was motivated by that lifestyle. After 10 years I’ve learned that money comes and goes just as fast. I’ve learned to be more sensible, to make sure there is something put aside for a rainy day.
If you could give your child or your younger self one piece of advice about money now what would that be and why?
Start saving early, even a little each month. The sooner you start, the easier it is to build financial security. When you are young, you don’t look to the future, when the future is upon you, it may already be too late.
What do you value spending money on?
Experiences and travel. I definitely travel and spend more doing so than perhaps I should.
Do you long-term plan your finances, and if so, how?
Certainly not to the extent that I should. I have however recently invested in some property, which is a longer term plan. I need to be more proactive in my planning.
What is your long-term goal or dream which is pegged to your finances?
Financial freedom. I don’t need to be rich, just comfortable enough that I can live life, enjoy it and not have the stress of a financial burden hanging over my head.
How much do you save each month?
Every month I try to put aside 10 to 15 percent of my salary.
What is your greatest financial decision?
Investing in a beautiful property in the mountains of Serbia. It had long been a dream to do so and one I’ve recently achieved. If it will ultimately be profitable, only time will tell.
ALSO READ:
Young entrepreneurs can showcase their products or services to a global audience without needing a lot of money upfront
lifestyle3 days ago
Myron Pincomb, CEO and board chairman of IBCCES, on how one programme can make travel for people of determination easier
lifestyle4 days ago
Equip2Empower has over 25+ chapters around the world
lifestyle4 days ago
From their home kitchen to corporate events, the duo has transformed their shared love for food into a flourishing venture
lifestyle1 week ago
In a world where digital connections amplify causes across borders, young people today are reshaping activism to focus on social movements that outlive their leaders
lifestyle1 week ago
How the self-made Arab-American entrepreneur and content creator became a household name in the Middle East and is poised to build a billion-dollar empire
lifestyle1 week ago
Communities such as Al Mankhool, Bur Dubai, Karama, Al Nahda, and Al Barsha are adorned with lights and decorations
lifestyle1 week ago
'Light a Diya with Dhyana' is about sending good intentions to all the people in the world who need it
lifestyle1 week ago