After a long period of restrictions and quarantines in almost all parts of the world due to the health crisis caused by COVID-19, many people are wondering how to return to financial equilibrium and still maintain travel and professional growth plans.
While simultaneous lockdowns were taking place in countries of Europe, America, Asia and Oceania, economy around the world collapsed and job losses were significant in all sectors of society. The cracks between the most vulnerable sectors of the population and the more affluent or wealthy ones became more apparent and industries such as tourism and entertainment suffered greatly.
With this reality, and while still waiting for a vaccine to bring the world back to normal, country leaders are working hard to recover the lost economy and strengthen and subsidize the hardest-hit industries while the health situation is being addressed.
But: What happens to people who have lost their jobs or are unable to sustain their businesses?
We have consulted the entrepreneur and writer Abdullah Almanna who has recently written an excellent eBook called “Your Financial Road to Freedom” where he compiles all the advice and experiences that can help you find financial independence and not be imprisoned by a salary at the end of the month.
Almanna, who started out in business as a Certified Public Accountant (CPA) and after serving as a Senior Auditor at the multinational EY (formerly Ernst & Young) has chosen to radically change his lifestyle and has become a digital nomad with numerous projects such as his own niche website called tripese.com, where he sells world-class travel accessories, including backpacks, travel items, electronic devices and much more.
He has also written a guide for travellers called THE OFFBEAT VOYAGER: A GUIDE TO THE WORLD’S BEST TRAVEL DESTINATIONS, which can be purchased both at Amazon and in physical bookshops.
Almanna emphasizes that it is important for people to learn and understand the world of finance in order to achieve their goals and make their way in their projects.
His latest major book teaches basic financial concepts such as active and passive income, and introduces the reader to the Financial Freedom Pyramid (FFP). FFP is a model for determining one’s net worth and where someone currently stands on the road to economic independence.
The author disbelieves in internet gurus and always advocates knowledge as opposed to the fantasy of becoming an internet millionaire. His teachings are practical and affordable so that anyone can start making money with the field they know or have studied.
In times of a coronavirus, this book is a must-have for rejoining the workforce but with a deeper look at the world of finance.
In Almanna’s own words, “from big crises come big projects” so perhaps this economic setback of the pandemic can be the starting point for starting a new profitable and successful project.
More information about the author:
Abdullah Almanna is a Kuwaiti-born entrepreneur who has worked in a multinational company called EY. His vocation for photography and travel has led him to leave his business past behind and become a successful entrepreneur who travels the world while working on his passions and writing books full of lessons on economics, finance and travel.
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