If you’ve been observant of the war between Russia and Ukraine, you’ll notice many hard-working Ukrainians have fled their home to other places of refuge.
What does this mean for them, economically?
LOSS OF JOB, LOSS OF BUSINESSES AND POSSIBLY FINANCIAL QUAGMIRE for those who live on a paycheck to paycheck basis.
Three KEY LESSONS you could learn from the crisis
Some Ukrainian citizens will lose their businesses and investment. Some might not want to return home rather relocate to a less threatened economy out of fear of similar situations reoccurring in the future.
When this happens, the winners will be those UKRAINIANS who built their wealth around their INTELLECT.
These Ukrainian citizens stand a 95% chance of moving to a new economy and establishing their presence/ business within a short time.
Those who built their wealth on physical products/properties might have it tough bouncing back [let’s hope their establishments and properties are not damaged in the process]
Those who rely on paychecks to get through the day will probably suffer more than others. It’ll even be worst if they’ve not cultivated the habit of saving for an emergency.
While we don’t anticipate witnessing such life tragedies in the future, we shouldn’t be faked out in the summer because winter will surely surface, someday.
WHAT CAN YOU DO TO PREPARE FOR THE WINTER?
Build digital skills that can be used anywhere on earth to earn money. We live in a global community where results are rewarded accordingly.
Build strategies to help you export your knowledge to other continents. Ukrainians who render digital services to American, Australian, and African businesses are less likely to get hit economically.
Don’t stick to old patterns. Utilize digital tools for wealth creation.