Jelena Janjusevic, a 45-year-old academic from Montenegro, has been living in the UAE for almost eight years. She leads the accountancy, economics, and finance department at Heriot-Watt University’s Dubai campus. In a recent interview, she shared her insights on money management and financial planning, describing money as “freedom.” Janjusevic credits her mother for instilling in her the value of saving and living within her means, although she also mentions missing out on learning about taking calculated risks.
Despite being cautious, Janjusevic does not consider money a taboo subject and regularly discusses financial matters with financial advisors, colleagues, and close family members. One of her most profound experiences with money was making her first major investment, which taught her the importance of patience, research, and strategic decision-making in finance. Living in the UAE has broadened her perspective on wealth, emphasizing sustainable wealth creation over short-term gains.
If Janjusevic could give advice to her younger self or her child regarding money, she would encourage them to take calculated risks and make informed investments. She emphasizes the need to avoid impulsive decisions that could lead to setbacks. When it comes to long-term financial planning, Janjusevic takes a structured approach with diversified investments and a retirement plan. She reassesses her financial goals regularly to stay disciplined and proactive in managing her finances.
In terms of saving, Janjusevic sets aside a specific percentage of her income each month based on her financial goals and future plans. Rather than focusing on an exact figure, she prioritizes maintaining discipline and ensuring long-term stability. Overall, Janjusevic’s insights highlight the importance of financial literacy, strategic decision-making, and disciplined financial planning in achieving long-term financial security. Her experiences serve as a valuable lesson for individuals looking to enhance their own money management skills and financial well-being.
