In the ever-flowing stream of finances, where every penny counts, idle money can easily become useless if not managed effectively. Many people focus on optimizing larger sums of money while neglecting the smaller streams, unaware that these, when managed wisely, can also create significant value.
As the founder and strategic advisor of BSSC, Chairman of IBP, organizer of InnoEx, and Vice Chairman of the Ho Chi Minh City Young Entrepreneurs Association, Shark Truong Ly Hoang Phi shared practical insights on smart money management. In this podcast episode, Shark Phi narrates real-life stories and lessons learned from his personal investment decisions to business operations.
Shark Phi candidly pointed out three common mistakes that cause personal finances to stagnate, one of which is investing in fields one doesn’t understand—a significant risk for individuals and enterprises alike.
Regarding personal financial management, CEO Truong Ly Hoang Phi advocated for a clear framework and strict discipline: dividing money into three categories for spending, emergency funds, and investments. Notably, investments are allocated across different time horizons to ensure optimal capital efficiency.
With a relentless innovative mindset, which has been the core of his entrepreneurial and advisory journey, Shark Truong Ly Hoang Phi encouraged the adoption of technology and innovation. He believes that Techcombank’s Auto Wealth product is a testament to innovation, and he sees no reason not to use it himself.
Through his relatable storytelling and sharp insights, CEO Hoang Phi conveyed the message that every penny counts and should be put to work efficiently. Otherwise, one risks losing both profitability and the agility to seize opportunities.
If you’ve ever wondered, “What can I do with a few dozen dollars in my account?” or “How can I smartly manage my income?” this upcoming podcast episode will provide insightful answers.
The podcast featuring CEO Truong Ly Hoang Phi will be released at 10 AM on May 11 across the CafeF ecosystem, including its website and social media channels such as Facebook and TikTok.
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