As some of you might know, I’m co-authoring a book with my dear friend Nadim Issa on Financial Freedom that is due to be published soon.
The book is really focused on the MENA region and has been written in a way to provide insights, techniques, suggestions and ways to reach financial freedom taking into consideration the financial systems, banking system, legal structure, and culture in the MENA region.
I’m just going to share the “Preface” of the book below as a small teaser about the book, stay tuned as I will announce when it is officially launched.
Financial freedom is an aspiration to many, if not most, individuals around the globe, yet achieving it can be rather tricky, and challenging, and needs a lot of hard work, particularly in the MENA region. This book, written by two co-authors, Afif Tabsh and Nadim Issa, aims to provide readers with practical insights, information, and real-life examples of how to gain financial freedom in the MENA region.
The idea for this book came during the authors’ morning walks in Istanbul as they discussed ways to optimize their financial status after losing most of their savings and investments in Lebanon’s financial crisis. They realized that their experiences and observations of what is happening across the region could benefit many others in the MENA region. Their discussions and brainstorming sessions culminated in a new framework for the book, which will serve as a toolkit for anyone seeking financial freedom in the MENA region.
Throughout the following chapters, readers will learn how to gain financial freedom in the MENA region, focusing on the unique challenges and opportunities specific to the region. However, lessons learned, facts, and knowledge apply to everyone wherever they live, especially in third-world countries or developing countries. This differentiation is because many techniques, resources, options, policies, and regulations in countries like the US, UK, Canada, and most European countries do not apply in the rest of the world. Thus the authors focused on making this financial freedom book MENA-Centric in its approach rather than Western/US-Centric like most of the books and resources available on this topic.
The book covers various stages of life, from university to retirement and beyond, providing practical insights and advice for novice investors, entrepreneurs, and anyone with an ambition to succeed in the region. The word success in this book refers to people’s financial freedom and not their business success, career development, and impact on the community or any other metric.
The importance of this book at this point in time lies in the fact that despite the challenges that the world is witnessing, from hyperinflation to recessions and world health crises like covid19, the MENA region continues to show impressive growth, with many countries enjoying at least a 3% year-on-year GDP growth. This growth is fueled by significant government investments in infrastructure and high demographic development of more than 2% per year. With this in mind, the authors believe that anyone in the MENA region can achieve financial freedom with the proper knowledge, mindset, and resources that this book aims to provide.
With over 35 years of combined experience, Afif and Nadim offer a wealth of knowledge and practical insights that will help readers achieve their financial goals. They have tailored their advice to the unique challenges and opportunities of the MENA region, making this book an essential resource for anyone looking to gain financial freedom in this region.
The authors hope this book inspires, informs, and motivates you to achieve financial freedom in the MENA region. Enjoy and benefit from it!