Dr. Jelena Janjusevic, 45, spends her life talking about money as head of accountancy, economics and finance at Heriot-Watt University’s Dubai campus. We take out some time to chat with the academic from Montenegro to discover what makes her own financial world tick.
How long have you been in the UAE?
I’ve been in the UAE for almost eight years, and it’s been an exciting journey both personally and professionally. The dynamic environment here offers tremendous opportunities, especially in finance and education.
If you had to use one word to describe money, what would it be?
Freedom.
What good or bad lessons about money management did you learn from your mother?
From my mother, I learned the value of saving and living within my means. She always emphasised on financial discipline and the importance of planning for the future. On the downside, she was quite cautious, and sometimes I think I missed out on learning the balance between saving and taking calculated risks.
Who do you speak to about money matters and is it something you consider ‘taboo’?
I don’t consider money a taboo subject. I speak to financial advisors, colleagues, and close family members about money matters. Open discussions help in making informed decisions and avoiding financial pitfalls.
What has been the most profound experience you’ve had so far in relation to money?
The most profound experience was making my first major investment. It was a nerve-wracking process, but it taught me the importance of patience, thorough research, and not being driven by emotion. It reaffirmed the power of strategic decision-making in finance.
How do you think living in the UAE has changed your relationship with money/wealth?
Living in the UAE has definitely expanded my perspective on wealth. The country’s focus on innovation, luxury, and growth has shown me the importance of wealth in driving economic progress. It also made me more conscious of sustainable wealth creation, rather than short-term gains.
If you could give your child or your younger self one piece of advice about money now, what would that be and why?
Don’t be afraid to take risks, but always make sure they’re calculated. Money can grow with the right investments and mindset, but impulsive decisions can lead to setbacks.
Do you long-term plan your finances, and if so, how?
Yes, I take a structured approach to long-term financial planning. I have diversified investments, a retirement plan, and I continuously reassess my financial goals. Staying disciplined and proactive is key.
How much do you save each month?
I set aside a specific percentage of my income each month based on my financial goals and future plans. It’s not about an exact figure but more about maintaining discipline and ensuring long-term stability.