When I launched Mayowe, my friends were curious about the name. Mayowe doesn’t stand for mayonnaise, although I don’t mind the association if it helps you to remember my blog. In fact, Mayowe stands for Manage Your Wealth. My blog provides valuable insights about personal finance, expat finance, and entrepreneurs of startups and SME’s.
My blog's primary goals
I realized that many people, both young and old, do not manage their income and expenses effectively. The root cause is a lack of knowledge and interest in financial topics. They rather ignore the problem and hope it will go away than to tackle it. I am absolutely convinced that it is a capital mistake because smart financial decisions can help you tremendously to reach your financial targets and to improve the quality of your life.
Before I became financially literate, my parents also encountered dishonest financial advisors and salespeople. Unfortunately, this has resulted in significant financial losses to them. While investments are paramount to achieve your financial goals, they can also be very risky for individuals that have no clue what they are doing. In some situations, it can almost feel like a legalized form of theft where one party gained at the cost of another party. This also explains why I attach great importance to transparency, integrity, and responsibility.
Moreover, my professional background provided me with invaluable knowledge regarding companies’ business profiles, financial statements and governance-related topics. Start-ups and SME’s need to be well-aware of the strengths and weaknesses of their business profile and have a comprehensive and realistic financial plan in place. This often defines whether the company will fail or succeed.
My blog combines my professional experience as a former corporate banker with my personal experiences, educational background, and interests. Living abroad for approximately 10 years has been a wonderful, but at times a challenging experience. However, it showed me how complex wealth management and financial topics in an international context can become. Through my blog, I want to share my knowledge and insights with you, so you can take well-informed and hopefully better financial decisions in the future. Last but not least, I would like to emphasize that I am not a certified financial advisor. Hence, it is important that you perform your own due diligence or seek advice from a qualified financial advisor.
So who am I?
My name is Jachim Gobien, I was born and raised in Belgium. I hold a Master’s degree in Law from the University of Antwerp. My specialization is in corporate law and corporate tax law. Subsequently, I obtained another Master’s degree in Management from the KU Leuven. It is also during my student years that I started investing in the financial markets.
After graduation, I started my career as a Credit Analyst within the car leasing divisions of BNP Paribas. While Belgium has been a great place to grow up, my heart has always been attracted by foreign countries. After approximately 2.5 years, I joined the corporate banking divisions of BNP Paribas in the Middle East. First, I worked as a Credit Analyst, and subsequently as an Internal Auditor. Fast forward, I resigned from my position in the Middle East in pursue of my Asian dreams.
My hobbies are:
- Hiking and biking: I love outdoor activities because it gives me peace of mind
- Invest in the financial markets & crowdfunding campaigns
- Travelling: I have travelled to about 40 countries
- Learning Chinese: My aim is to become fluent in mandarin
Some challenges that I faced as an expat
- Financial institutions charged colossal high exchange rates to convert and send my hard-earned savings back to Belgium
- My bank in my home country no longer wanted to renew my debit card because I have been living abroad for too long, despite I continue to have an active account with them
- Lack of trustworthy brokerage firms in my country of residence
- Insurance policies that could no longer be renewed because of change in geographies
So what about you? What financial challenges have you encountered? Leave your comments below.