The current economic climate has taken many by surprise. The prices of goods and services have doubled in the space of months, and have left many confused. Thatnotwithstanding, there are ways to minimize the impact on your finances.
Hedge your funds – As the naira loses value, so does the value of your life savings. Hedge your funds! I advise you do so in US dollars, as it’s a far less risky asset. You don’t need to go to a bank. With certain apps like ALAT and Chipper Cash, you can convert your funds between currencies at will. With Chipper Cash you can even trade in stocks, ETFs and cryptocurrency.
Plan well for the future – I will advise you look into US or Canada, unless you want an easier way, like the UK. But it’s been shown that doctors in the US and Canada fare better financially than the UK. You can use the UK as a stepping stone to somewhere else anyways. Australia is way more difficult to get into. Canada is ever hungry for more professionals, but with a great limitation on career choices for medical doctors who studied outside of Canada.
The US is a bit more open, and the pathway for certification is somewhat cheaper than Canada. However, you can become a permanent resident of Canada in one year or less, if you play your cards right.
You don’t need to stack funds to get into these countries. There are companies that can help you with almost all funds you need including tuition and accomodation costs.
If you need more info on this, reach out to us through the Request Form on our home page.