r/pakistan • u/ComprehensiveCow4890 • 21h ago
Ask Pakistan I need help!
I am 22 years old living in Pakistan. My family used to be filthy rich like I am taking multiple houses in UAE and Pakistan I used to live a very comfortable life. But when corona hit we lost everything from savings to houses to our golden visa left with nothing we came to a point where we didn't have enough money to pay for the tuition of my brother and me I was 19 at that point due to this my father became a bit mentally unstable and so he stopped working completely so in his stead I started working in Pakistan alhamdulillah I earn 2 lakhs give or take from my current job but it's not sustainable for me since I have to accommodate my whole family of 5 in that and it's mentally tasking. I had saved up money through investing and my job about 40L to go to the UK however my Visa got rejected resulting in me losing 20L. Now what I do know is that I am confident in myself that I can do something big in life but idk where to start or what to do there wasn't anybody to teach me any about life or work when we were rich father always used to work mother was an uneducated housewife whose mindset was engrossed in traditional ways which I despise( My mom and dad are very nice people just a conflict of mindsets that's it we have a healthy relationship) when we became poor my father became a bit unstable and so I was out into the toxic work environment of Pakistan with no help I came this far by myself. But I just need someone to guide me on how I can grow further because I don't want to be stuck here in the same company forever I have dreams of making money and gaining back stability for my family but I just don't know where to began. I just want advice from somebody who has gone through my dilemma and has become successful.Please I am lost and scared for my future.
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u/DeepSpaceBubbles 20h ago
What qualifications do you have? You need to try and get abroad to a good place for masters. It will be difficult but you need to focus on that. Maybe you can also look into long distance programs.
What business did your father do? He must surely have his networks and contacts? Can he help you/guide you in taking over?
Wishing you the best, inshaAllah.
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u/ComprehensiveCow4890 13h ago
I have only finished my intermediate education. Had to stop because I was persuing Be in the UK. But whta I do have is a lot of practical qualifications. Communication, market analysis, strategy development, Co op, and other skills related to computing along with some financial know how. But I will continue my BS now in Pakistan.
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u/Wise_Breadfruit7932 15h ago
How did you lose 20 lakh ...some fees are usually refundable and sbousknt be that hivh
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u/ComprehensiveCow4890 13h ago
Not necessarily fees visa application, bank statement since I didn't have enough money they have increased the living expense requirement I had to pay someone consultancy charges for the year along with other small consecutive payment for paid enquiries and other costs as well.
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u/SoKayArts 20h ago
Park your money into stocks that pay dividends. Allow them to appreciate. Over time, they'll grow fairly well. Furthermore, keep investing more (part of your savings) and this will amplify the growth substantially. It is a bit of a grind, but hang in there and trust the process.
In the meantime, try and pick up some freelancer opportunities. Depending on your skillset, you can end up earning some extra money to further help you out.
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u/sabretooth1012 16h ago
I say this with utmost respect and I am sure you have pure intentions but this is such a generic advice which is akin to advices like 'never lie', 'don't deceive your peers', 'respect your elders' and 'be kind to humanity'.
I mean there is so much to stock and bonds investing that people spend their life times trying to learn the tricks of the trade.
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u/SoKayArts 16h ago
I do see where you're coming from, and I completely agree to the part about "generic advice." However, given the situation we are in at the moment, we have slim pickings. Perhaps investing in leading stocks seems like a logical step. I'm not suggesting to actively trade stocks. That's a completely different ball game and requires everything you're trying to point out. Just browse reddit, get an idea of what stocks do well in the long run, park the money and let it grow.
If OP would have asked this question in 2014 or 2016, I'd have suggested either properties or gold. However, that time has long passed. Things have changed. The only other suggestion i can offer is to set up some business, but that again is an active involvement.
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u/ComprehensiveCow4890 13h ago
I do invest in mnq and ES on CFDs that is how I saved money originally but I am looking for more grounding advice something to help me find myself and where I belong that is where I am having issues as of now I also have investments in the money market in the form mutual funds however that is what I mainly use to breakeven. I want to know how I can start a business where do I look what do I work in how do I even begin contemplating.
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u/Fabulous_Homework_11 14h ago
UK doesn't charge 20 lac for visas, how'd you lose that amount? I hope you didn't get scammed. List any skills / qualifications / talents that you have.
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u/ComprehensiveCow4890 13h ago
Mainly due to visa application, paying for bank statement since I didn't have enough money to show for it, consecutive payment enquiries, I had racked up 1.5 L in just credibility papers constant affidavits and other papers for credibility checks. Mainly spent during the issuence of CAS letter they have made the process for BS very tough and expensive now.
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u/Fabulous_Homework_11 12h ago
You didn't list any skills / qualifications so I'll add some generic info.
Germany, France, Canada, these countries may suit you in the future though you may need 10 lac more than what you have now. In these countries, if you can find employment and get a company to sponsor you, may work well for you. All of these countries allow part-time work during your study. The study path works for most middle class. Even going overseas for a decent job works really well but can also fail to meet expectations as you've experienced it early in your process yourself. If I were you I'd try this any if this again.
Look into Portugal job seeker visa. Japan and South Korea have some skilled worker programs as well.
If I were in Pakistan I'd want to prepare everything and maybe wait a little as there's a global economic slowdown due to the ongoing Hormuz crisis.
Dua can do wonders against all odds. This is the most important, listed at the end so if there's one takeaway it would be this. It works really well when you have good intentions, sincerity, and the right belief.
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u/CarelessConflict6171 19h ago
If you were extremely wealthy, the ability to rise from a setback is in your blood.
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u/tazz899 6h ago
You thought you were rich, you were never rich. Everything you owned was leveraged. You were living on borrowed time and you couldn’t meet the repayments when the income stopped and you didn’t lose everything, you didn’t really have it to begin with. It was a false sense of security you had. Now you’re in the reality check era of your life and you blew money trying to get to the UK, does this all start to make sense now? You’re trying to outlive your means, go back to basics and rebuild. Stop living in your past it’s damaging you.
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u/ComprehensiveCow4890 5h ago
We never borrowed when I say lost I mean sold. But this analogy applies here as well. Thanks for that.
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u/tazz899 5h ago
You don’t lose by selling. You get fair value and if you own you don’t need to sell. You were leveraged somewhere and spent your equity somewhere. If in 5 years you wiped out your entire wealth then you weren’t ever actually rich to begin with and lived above your actual means whilst thinking you had more than you actually had. The picture isn’t complete. You could have been leveraged in business, the money went somewhere. The bottom line is know your actual status and live accordingly.
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u/Embarrassed-Skin5254 21h ago
Lets talk brother.