'Money has been my best friend and worst enemy': Serbian expat in Dubai

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.

Freedom.

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.

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.

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.

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.

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.

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.

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.

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.

Experiences and travel. I definitely travel and spend more doing so than perhaps I should.

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.

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.

Every month I try to put aside 10 to 15 percent of my salary.

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.