Jessica Rooney, a 32-year-old certified financial planner at Dubai-based wealth managers Hoxton Capital Management, shares insights into her own finance journey and experiences after nine years in the UAE. Through her time in the country, she has learned valuable lessons about investing and financial management.
When asked to describe money in one word, Jessica states that it is “essential.” In a letter to money, she expresses gratitude for its influence on her life and commits to using it wisely to enhance her life without defining her happiness. Jessica believes in striking a balance between enjoying life and financial responsibility.
Jessica attributes her healthy relationship with money to personal experiences and lessons learned from her family. Her parents taught her that money is significant but doesn’t guarantee happiness. From her mother, she learned the importance of careful budgeting, saving for the future, and handling special occasions without financial stress.
When it comes to discussing money matters, Jessica turns to her partner, who is also a financial adviser, for advice and guidance. Through personal experiences and professional studies for her CISI examinations, Jessica has honed her financial management skills in budgeting, investing, and risk management effectively.
One of the most profound experiences Jessica had in relation to money was losing money due to inadequate geographical diversification in her investments. This taught her the importance of doing thorough research before making financial decisions. Moving to Dubai and benefiting from its tax-free environment has been Jessica’s greatest financial decision, while her biggest regret was not investing her savings wisely during her early years in the UAE.
Jessica Rooney’s financial journey serves as a testament to the importance of learning from personal experiences, seeking advice from professionals, and continuously educating oneself in financial management. With a healthy relationship with money and a commitment to making informed decisions, Jessica strives to achieve a fulfilling and balanced life while maximizing her financial resources for growth and stability.
