In a world where financial literacy is often overlooked, a campus event at the School of Business and Law aimed to empower students with the knowledge and tools to secure their financial futures. Featuring insights from seasoned financial advisors and professors, the event provided a comprehensive roadmap for students to navigate the complexities of saving, investing, and managing their money effectively.

Equipping Students for Financial Success

The Importance of Saving Early

Saving money may not be the most exciting topic for many students, but financial advisor Dawn Edgerton-Cameron emphasized its crucial role in building a secure financial future. "Saving is a prerequisite for investing," she explained, underscoring the need for students to develop a savings mindset early on. By cultivating this habit, students can position themselves to take advantage of the power of compound interest and weather the inevitable ups and downs of the market.

Preparing for the Unexpected

Business administration professor Oksana Fisher offered a pragmatic perspective, advising students to "make sure you're planning for your plan not to go to plan." She emphasized the importance of building a financial safety net, encouraging students to save for the proverbial "rainy, rainy day." This approach, she argued, can provide a crucial buffer against unexpected life events or market fluctuations, allowing students to navigate financial challenges with greater resilience.

Embracing the Ups and Downs of Investing

Edgerton-Cameron acknowledged the inherent volatility of the financial markets, stating, "The market goes up and the market goes down, and that's normal." She advised students to prepare for these fluctuations, recognizing that short-term market swings are a natural part of the investment journey. By cultivating a long-term perspective and diversifying their portfolios, students can navigate the ebbs and flows of the market with greater confidence.

Overcoming Financial Fears

Professor Fisher encouraged students to "explore their fears" when it comes to personal finance. She recognized that the world of investing and money management can be daunting, but stressed the importance of facing these challenges head-on. "We all are here to achieve great things," she said, "and it's OK to make mistakes." By embracing a growth mindset and a willingness to learn, students can overcome their financial fears and take meaningful steps towards their financial goals.

Investing in Oneself

Stacy Korbelak, the assistant dean of business, economics, and entrepreneurial studies, emphasized the value of students investing in themselves. "Learning and personal growth will always pay high dividends," she said, encouraging students to prioritize their own development and education. This investment, she argued, can unlock a world of opportunities and empower students to achieve their aspirations, both personal and financial.

Paying it Forward

Professor Fisher highlighted the ripple effect of financial success, noting that when students achieve their own financial goals, they can then use their knowledge and resources to help others reach their own financial milestones. By fostering a culture of financial literacy and empowerment, students can create a positive cycle of growth and support within their communities.The event's attendees, including first-year business and office management student Alex Adkins and first-year business management student Lindsey Stonesifer, praised the comprehensive and informative nature of the presentations. Dual-enrollment student Arnav Bali was particularly excited about the book giveaway, which featured valuable resources on personal finance and wealth-building.As students navigate the complexities of personal finance, events like this one at the School of Business and Law serve as a crucial stepping stone, equipping them with the knowledge and confidence to take control of their financial futures. By embracing the principles of saving, investing, and personal growth, these students are poised to unlock a world of financial freedom and prosperity.