Why Immigrants Go Broke After Moving Abroad

Money, career, debt, and investing for immigrants - Ronke Odewumi breaks down the rules that can change your financial future. What if the biggest money mistake immigrants make is not earning too little, but thinking their money stretches further than it does? ‪@RonkeOdewumi‬ founder of Work Builders Network and creator of the Clarity AI finance tool, shares the hard truths about budgeting, black tax, debt, and building wealth in the UK and beyond. After nearly 20 years in the UK, Ronke reflects on her journey from Chevening scholar and KPMG analyst in Nigeria to finance educator and entrepreneur with a community of over 100,000 followers. We unpack how migration changes everything from spending power to family expectations, and why so many people get trapped trying to maintain a lifestyle their new income can no longer support. You'll discover: Why “shift and lift” spending destroys savings the moment you land abroadHow to manage black tax without resentment, guilt, or vague promisesThe danger of false awareness of wealth, especially when debt and lifestyle creep collideWhy high-interest debt is quietly eating immigrant households aliveHow women can position themselves for promotions even when the system expects less from themThe safest way for first-time investors to start with low-cost index funds, pensions, and consistencyWhy buying a house can be a forced savings strategy and long-term wealth builder Ronke also shares the mindset shift that helped her balance career, family, content creation, and leadership without trying to do everything. Her 80-20 approach, commitment to systems, and bias for action make this episode just as useful for ambitious professionals as it is for anyone trying to get their finances back under control. If you are an immigrant, a woman building a career, or someone who wants to stop living paycheck to paycheck while still helping family back home, this conversation gives you practical, direct, and deeply needed guidance. Listen for the money advice, stay for the mindset reset. Send Money to your loved ones through Revve and enjoy great rates: ⁠https://getrevve.app.link/zTIXC6oE1Xb⁠ #personalfinance #moneymatters #immigration #podcast #thethrivingimmigrant Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial or legal advice. Always do your own research and due diligence before investing.