Dr. Jelena Janjusevic, 45, dedicates her life to discussing financial matters as the head of accountancy, economics, and finance at Heriot-Watt University’s Dubai campus. We took some time to speak with the Montenegrin academic to uncover what drives her own financial perspective. How long have you been in the UAE? I’ve been in the UAE for nearly eight years, and it has been a thrilling journey both personally and professionally. The vibrant environment here provides immense opportunities, particularly in finance and education.
If you had to describe money in one word, what would it be? Freedom. What valuable or detrimental money management lessons did you learn from your mother? From my mother, I learned the significance of saving and living within one’s means. She consistently stressed financial discipline and the necessity of planning for the future. On the negative side, she was overly cautious, and at times, I feel I missed out on learning the balance between saving and taking calculated risks.
Who do you consult about financial matters, and do you consider discussing money a ‘taboo’? I don’t view money as a taboo topic. I discuss financial matters with financial advisors, colleagues, and close family members. Open conversations are beneficial for making informed decisions and steering clear of financial pitfalls.
What has been your most profound experience related to money? The most profound experience was making my first significant investment. It was an anxiety-inducing process, but it taught me the importance of patience, thorough research, and not being swayed by emotions. It reinforced the power of strategic decision-making in finance.
How do you think living in the UAE has altered your relationship with money and wealth? Living in the UAE has certainly broadened my view on wealth. The country’s emphasis on innovation, luxury, and growth has highlighted the importance of wealth in driving economic progress. It has also made me more aware of sustainable wealth creation, rather than focusing on short-term gains.
If you could offer one piece of advice about money to your child or younger self, what would it be and why? Don’t shy away from taking risks, but ensure they are calculated. Money can grow with the right investments and mindset, but impulsive decisions can result in setbacks.
Do you plan your finances for the long term, and if so, how? Yes, I adopt a structured approach to long-term financial planning. I have diversified investments, a retirement plan, and I regularly reassess my financial objectives. Maintaining discipline and being proactive are crucial.
How much do you save each month? I allocate a specific percentage of my income each month based on my financial goals and future plans. It’s not about a precise figure but more about sustaining discipline and ensuring long-term stability.
