Asset management in personal life: How work in asset management changes behavior?

October is the month of my half-year work anniversary in meliorate. These six months of my life were full of compelling people, unique opportunities, and business knowledge. That also means I was exposed to asset management and consulting businesses for half a year. Recently, I started noticing that I used my new knowledge even in my personal life, which is exciting. Integrating professional knowledge into my personal life is beneficial for my productivity.

The first thing that changes when you work in asset management is an orientation to the future. Obviously, everyone thinks about their future, makes plans, and prepares so that tomorrow is better than yesterday. But when I mention the future, it means a practical and pragmatic future. For example, I recently raised a question if I need a new laptop. My current one is inconvenient and heavy, with no proper audio and camera. However, I knew that buying a camera and high-quality headphones would be cheaper but would create more inconveniences in the future. Most will think that every person would feel the same and evaluate the pros and cons of each choice. Well, it is asset management in its most straightforward application. Considering between options, whether to buy a new laptop (more convenient but expensive) or buy supplies (cheaper but inconvenient) was made to estimate what value I would get from each choice. Everybody thinks in asset management; the thing is, I start recognizing it, and it is hilarious.

Sometimes, asset management applications may not be as beneficial and arrogant to some people. Asset management was not designed to solve emotional and personal problems. Still, I cannot control when I use it because it is on auto-pilot. One day my groupmates decided to organize a meeting via Zoom since we have seen each other two times generally due to Covid-19. I was eager to chat with them either until I underslept that day. I was physically broken and could not think straight because my productivity depended primarily on my sleep quality. So, I thought, “Hm… What if I sleep instead of meeting my groupmates? I mean I feel like jelly and would not be interesting. Instead, taking a nap will increase my production power, and I will do my homework faster.” Basically, I chose sleeping over my groupmates because it would improve my homework quality as a “KPI.” Don’t judge me; I already did it myself.

As you may know, I am 19 and know zero about investments. Well, I did not. Asset management demonstrated how important they are to prevent adverse outcomes of crises like the one we have now. However, I do know a lot about health and its significance. A little background: I am familiar with any of my peers who disturb their health’s future. I instead decided that I needed insurance in Germany just in case. Because I would rather pay for insurance regularly than face a mind-blowing check. All of us know that health is an unexchangeable asset. Once you lose it, it is almost impossible to get it back. Hence, asset management gave me an essential realization that I should invest in health as my main asset to get the best value.

Well, these examples are familiar to each of us – they are universal. Although asset management is a business strategy, it can perfectly work in a personal setting. Determine your values, decide what needs improvement, and invest in it. That’s how I did, and I am confident these decisions will have beneficial long-term outcomes.

Iryna Nykoriak

Published 07.10.2022


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