The Top 5 Leaders in the Finance Industry that Teachers Need to Know
Because salaries for teachers and other education professionals tend to be lower than salaries for similar jobs in the corporate world, teachers need to be financially savvy to make the most of their income.
How many of these incredible financial leaders do you know? I’m going to share the top thought leaders in the finance and economics field that changed my life for the better.
And by the end of the article, you will discover some new ideas that will get you started thinking about ways you can take charge of your money and finances in the present as well as work toward building your net worth.
Ready? Let’s dive in!
Table of Contents
1. Warren Buffett
Known as the oracle of Omaha, the words of Berkshire Hathaway’s CEO Warren Buffett have the power to influence the worldwide financial markets. However, along with his phenomenal success as Berkshire Hathaway’s CEO, Buffet’s personal lifestyle and habits are inspiring as well. Even though Buffet’s net worth is over a billion dollars, he continues to live a relatively modest lifestyle. In 2009 Buffett, along with Bill Gates, founded The Giving Pledge, a philanthropic organization made up of wealthy people who pledge to give away at least half of their fortune within their lifetimes. The principles by which Buffet amassed his wealth for Berkshire Hathaway’s shareholders and for himself are common-sense, time-tested principles we can all employ in our quest for financial stability and independence.
2. Michelle Baddeley
As a leading scholar in the field of behavioral economics and finance, Professor Michelle Baddeley’s research and books focus on ways that outside influences as well as human complexity shapes our decision making and spending. Because human beings are social creatures, our surroundings as well as the behavior of our peers, friends, and the larger society all have an effect on the way we handle money, in both our daily lives and in our long-term financial decision making. Because our emotions, mood, physical health, personality, and so many other factors influence the ways that we handle financial matters and make decisions, starting our financial planning process by reflecting on our own existing attitudes, choices, and behavior provides a way to start our journey toward financial stability and independence.
You can learn more about Michelle Baddeley here.
3. John C. “Jack” Bogle
Considered one of the 20th century’s investment giants, John Bogle founded the Vanguard Company in 1975, making it possible for everyday people to do the type of investing and buy the types of securities that previously had only been available through brokers. Unlike most other mutual fund companies, Vanguard exists to make money for its clients—not salespeople—and the company achieves its goal by eliminating sales commissions and keeping operating expenses low. Managing assets that currently surpass four trillion dollars, Vanguard remains one of the foremost companies for people who want to avoid paying high brokerage fees as they invest and build their net worth and financial security.
You can learn more about John C. Bogle here.
4. Suze Orman
One of today’s best-known financial experts, Orman offers a no nonsense approach to saving and investing, providing strategies for achieving financial security that people of all ages and all backgrounds can use. Born into a working class family, Orman’s life experiences and hard work shape her approach to money management. Early in her adulthood, her experience using brokerage firm Merrill Lynch caused her to lose over $50,000 she had invested for the purpose of raising the capital she needed to open a restaurant. Following this financial loss, Orman trained as an account executive for Merrill Lynch and spent several years working in the financial sector. In 1987 she founded the Suze Orman Financial Group. Orman’s strategies for money management apply to investors dealing with so many different types of life situations and challenges.
You can learn more about Suze Orman here.
5. Dan Solin
Author of the Smartest Series of books on personal finance and investing, Solin’s straightforward advice and suggestions give readers a clear and straightforward blueprint they can follow as they manage their money and build their net worth. Solin’s books are especially helpful to people just getting started in the process of managing their money and investing because he provides advice on paying down debt, saving, and investing to build net worth. To help investors narrow down the overwhelming number of companies and mutual funds that exist, Solin provides recommendations for companies that charge low fees as well as the names of specific funds to include in a balanced investment portfolio. For more experienced investors, Solin offers helpful recommendations about balancing the investment portfolio that will help people maximize their investment returns over the long-term.
You can learn more about Daniel Solin here.
Conclusion
As you can see, learning from the time-tested tips and strategies offered by leaders in the field of economics and finance will help get us started with taking charge of our personal finances in the present as well as planning for the future. Although these leaders offer time-tested tips and strategies for financial management that seem straightforward, their advice is not always easy to follow in our everyday lives.
I want to help all educators start thinking about ways they can take charge of their money and finances in the present as well as work toward building their net worth for a sound financial future.
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