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Gulf Press > Lifestyle > ‘Russian Expat in UAE Shares Most Profitable Financial Decision: Starting to Invest Early’
Lifestyle

‘Russian Expat in UAE Shares Most Profitable Financial Decision: Starting to Invest Early’

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Last updated: 2024/06/18 at 10:43 AM
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Daria Krasnogor, a 32-year-old Russian expat living in Dubai, is the CEO of a real estate firm and founder of a personal branding company. Her journey as a serial entrepreneur has been shaped by her positive relationship with money. Growing up in a poorer household, Daria learned the value of money at a young age. Her mother taught her important lessons about budgeting, saving, and investing, which have guided her financial decisions.

One of the most profound experiences Daria had in relation to money was the loss of her first business and subsequent rise in a new one. This taught her valuable lessons in risk management, persistence, and adaptability. Living in the UAE has also changed her relationship with money, as she now enjoys a more luxurious lifestyle and high consumption standards. Daria emphasizes the importance of investing early to achieve long-term financial success.

In terms of financial planning, Daria focuses on investments, real estate, and budgeting for major purchases. She saves 40 percent of her profits each month with her husband to achieve their financial goals. By the age of 65, Daria hopes to attain financial freedom through careful planning and smart investments. Her greatest financial decision has been investing in real estate and stocks since a young age, a choice that has proven to be profitable.

Daria’s advice to her younger self or child would be to learn to invest early, as the compounding effects of capital growth and time can lead to long-term financial success. This mindset has helped her create a sustainable and thoughtful financial plan for the future. With a focus on long-term financial stability, Daria and her spouse contribute funds to their family budget as a percentage of their income, ensuring they are prepared for unexpected events and major purchases. Overall, Daria’s journey as an entrepreneur in Dubai has been shaped by her positive relationship with money and her dedication to smart financial planning.

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