Follow-up: What I learned at the MBA Master Class by Joy Chan (CEU Business School) on Personal Finance, Marriott Hotel, 2009.10.15?

On 15th of October, 2009, I went to Marriott Hotel to see a MBA Master Class held by Joy CHAN (from CEU Business School). The subject? Personal finance. Oliver OLSON also gave a CEU Business School presentation.
This are two videos I made at the event:


, and here are some pictures:

The presentation tried to answer these questions:

  • How can you gain control of your financial life?
  • What should you be asking before you invest in a fund?
  • Do you know how much you need for retirement and how can you stretch the money at retirement?
  • Do you ever wish you had an opportunity to take a personal finance course in high school or college?

What was the aim concerning the participants? To make them become better managers of their own money and time, through informed choices related to spending, saving, borrowing and investing. The course also tried to draw upon lessons learnt from the recent financial crisis and scandals to offer a refreshing approach on how we could re-strategize our existing investment plans.

What did I remember?
– Common sense is not really common;
– You should not postpone learning self control;
– It’s better to be your own financial planner;
– You should be paying attention on how exactly do you spend your money;
– It’s great to start an emergency fund;
– Compounding rate can work miracles;
– Investing can be low stress;
– Saving is all about self-control;
– Interest rate for credit card is very high;
– You shouldn’t keep more credit cards than you can keep track of;
– Can you imagine not spending money one whole day? Not eating at restaurants? Not using credit cards for some time?
– Suze ORMAN http://suzeorman.com/ is a personal finance expert;
– It’s easy to spend more than you wish when you pay with virtual money;
– Try to simplify your life;
– You should have explicit goals (they need to be expressed in a matter than can be converted into numbers);
– Try to plan for life changes and the unexpected;
– Insurance protects you from the unexpected;
– When chosing a fund manager, you should know some stuff about the track record;
– Funds are a long-term investment;
– Skepticism should trump over greed: when an investment seems to good to be true, it usually is;
– You shouldn’t keep more than 25% of your retirement assets in any one place;
– Quote by David BACH: “Your life should be interesting – your investments should be boring”;
– Saving is like dieting, it requires a change of habits;
– How much money do we have? It’s not how much we earn, it’s how much we spend; How much money you earn has almost no bearing on whether or not you can and will build wealth;
– It’s wise to have an emergency fund which should cover your expenses for 3-6 months;
– To reduce risks, we should diversify our investment portfolios and invest in different types of stocks; Portfolio diversification works because prices of different stocks do not move exactly together;
– Even banks collaps – do not have more than 25% of your total investable assets with one bank.

This is a message about a previous presentation of CEU Business School.


P.S.: Also see the Yahoo! Group on which I present similar events: Conferinte recomandate To join, email conferinte7-subscribe@yahoogroups.com and reply to the confirmation email.

You will find videos made by me on my YouTube channel, and photos on my Picasa Web Albums accounts.

I am a Freelancer. My expertise is in SEO (Search Engine Optimization) / UX (user experience) / WordPress. Co-founder of lumeaseoppc.ro (series of events on SEO & PPC) and cetd.ro (Book on branding for MDs). On a personal level, I like self-development - events, sports, healthy living, volunteering, reading. I live in London, and lots of things live in me.

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