Graduate Students – Personal Finance

I recently spoke to Univ of Maryland Baltimore County (UMBC) graduate students about personal finance.   I provided the following key points:
  1. Develop a long term financial vision for your life to support the lifestyle you want to lead.  Items in the vision may include home ownership, providing an inheritance to future generations, philanthropy, financial independence and early retirement.                                                                                                                                                                               
  2. Pursue three lines of action to achieve your financial vision:
  • Create a budget and follow it with discipline
  • Save your money.  I recommend trying to save 10% of your income and begin developing an emergency fund.  You should save 4-6 months worth of expenses for this emergency fund and set it aside for the unexpected events of life.  As you save, follow your budget and save both large and small sums of money every week and make it habitual.
  • Invest and put your money to work.  Take advantage of compounding interest by investing early within the limits of your risk profile.  You can invest in the stock market, property, life insurance and even art.  
Recommended Reading:
  1. Money Matters:  Answers to Your Financial Questions by Larry Burkett
  2. The Wealthy Barber by David Chilton
  3. The Millionaire Next Door by Thomas J. Stanley and William D. Danko
  4. Beating the Street by Peter Lynch


  • This was an excellent collaboration between Bedrock Assets, Univ of Maryland Baltimore County (UMBC), PROMISE AGEP and the Community College of Baltimore County (CCBC).  Special thanks to Dr. Renetta Tull and Sonya Ceasar.

100 World Changers

“100 People Who Changed the World”. Life Magazine published their list of people both good and bad who literally changed the world. It includes religious figures, philosopher kings, elected and unelected leaders, scientist, innovators and cultural icons. It’s definitely worth buying and reading! What will it take for you and I get included on the next list? #Leadership