Managing (future) income risk
Managing future income risk has been something I considered since high school. It was the first time I took into account how my actions, decisions and performance affect my future, income and lifestyle. I researched degrees to study at University and the job market relevant to these degrees. I asked around relatives, family friends and mentors to see which degrees will suit me and what kind of jobs I will be able to work in after I have obtained the degrees. After making a decision on my degree (commerce and economics) I looked at the mark needed to get the degree. Therefore, I focused on my studies to ensure my marks were good enough to get into the degree. I further had to manage my future income by choosing a major within my degree. I decided to major in Finance and Accounting. I chose fiancé because I had a high interest in it and jobs in investment banking was challenging and lucrative. I also chose accounting because the job market was much easier and high demand for graduat