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Martyn Davies – Expats and Financial Planning

Ep 42- Matrtyn Davis

Today, Derek is with Martyn Davies and he will give us an insight into the lives of expats in the Philippines and the opportunities in the Philippines with its exploding economy. They will also discuss the influx of expats living in the Philippines.

Summary

  • Martyn Davies is an Englishman in Manila. He left home years ago. He is in Manila with a financial planning and private wealth management firm.
  • Martyn has been living in the Philippines for a time now. He’s also been in different locations. He shared his experience in those locations in contrast to his experiences in the Philippines.
  • Martyn’s job is to connect with as many expats as possible.
  • Martyn left the UK six years ago and went to Dubai and achieved a complete change of career path. The glitz and glamour of Dubai didn’t take long to wear off for him. Dubai is great for business and there are a lot of expats there earning considerable money in a tax-free environment. But at the same time, it was also a bit toxic for him.
  • After Dubai, he went to Johannesburg which suited him better because he was an outdoors type of person.
  • At first, Martyn was hesitant to transfer to the Philippines but Greg talked him into transferring.
  • During his first month, he felt claustrophobic because of the population in the Philippines. Also, the traffic in the Philippines took some getting used to.
  • Martyn ‘s target clientele are the expats in the Philippines and he gives them advice primarily on investments.
  • There’s a huge increase in the number of expats living in the Philippines.
  • Lately, the Philippines is getting a bad rep from the media, however, Martyn explains that you just need to have a level of awareness because even in London or Johannesburg there are places that he wouldn’t dare go to.

Key Points

  • English in the Philippines is very pervasive and the Philippines is very culturally aligned to the U.S. As a result, this makes it so much easier for expats to adapt.
  • Martyn described Manila as an urban sprawl but when he got used to Manila he liked it. And the Philippines is a good place to be especially for his business.
  • According to Martyn, there’s a huge increase in the number of expats living in the Philippines.
  • Lately, the Philippines is getting a bad rep from the media, however, Martyn explains that you just need to have a level of awareness because even in London or Johannesburg there are places that he wouldn’t dare go to.

Resources

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About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.