It was when I first started doing research on sustainable development in underdeveloped countries such as Haiti that I become interested in the banking and financial industry. Aside from corruption and poor governance, Haiti's owes its place as one of the poorest countries to a lack of understanding of the financial industry; as a country, it lags behind in terms of finance and commercial banking as if it were a foreign concept to greater population. It became clear to me that the people who understand the financial and banking system also understand how to positively impact the future of a society or organization. Well, I want to be one of those people. I want to make sound financial decisions for my non-profit as I hone the skills necessary to create change in the financial and banking sector in countries like Haiti.
As I prepared the legal structure of my research organization, I discovered the need to broaden my knowledge of finance and banking. I started by reading a few accounting books and since then have read multiple books on the subject from “The Ascent of Money” to “The Snowball: Warren Buffett and The Business of Life.” Now, I am also an avid reader of the Economist. I believe through these readings, I have gained valuable insight on how to make the best financial decisions
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These conversations have improved my understanding of industry specific concepts such as Cash Flow Planning, Financial Analysis, and Asset Management. Moreover, they have strengthened my belief that financial risk combined with banking will improve my performance in my future career and as an entrepreneur - for example it can enable me to effectively minimize the negative effects which risks may have on the financial result and capital of my current money remittance startup project for