REACTION PAPER

GEE 1
The Entrepreneurial Mind

Submitted to

JEFFER G. BOLIVAR
Course Facilitator
ST. ALEXIUS COLLEGE
Koronadal City, South Cotabato

Submitted by

CRISTINE P. RAYMUNDO
BSMT 3

January 2024
 ST. ALEXIUS COLLEGE, INC.
Gen. San. Drive, City of Koronadal, South Cotabato, Philippines 9506, Tel.: (083) 228-2019, Fax: (083) 228 4015, Email: registrar@stalexiuscollege.edu.ph

Episode 262: Mastering Risk: The Art of Effective Risk Management in Finance

I learned that know and recognize the different kinds of threats that could come in way.
They may include of operational, liquidity, credit, and market risks. Evaluate the possibility and
possible consequences of every risk. This is putting a monetary value on possible losses and
figuring out how likely it is that those losses will materialize. Reevaluate the risk tolerance on a
regular basis, keep up with market developments, and be ready to modify the strategy as
necessary. The key to effective risk management is striking the right balance between reward and
risk while adhering to financial goals. As Chinkee Tan said, “One of the powerful money
mindset that you can do is the mastering risk, if you able to master the risk you be able to protect
the money that you work hard for.”

I realized that fundamental ideas and weaving them into the framework of financial
decision-making are necessary for risk management to be effective. Encourage a culture of
lifelong learning. In order to effectively manage risk in the finance industry, one must combine
strategic thinking, technological know-how, cultural sensitivity, and never-ending learning. To
achieve long-term financial success, risk optimization is just as important as loss prevention. The
ability to innovate, adapt, and make wise decisions in a financial environment that is changing
quickly is essential for effective risk management.

I intend to through a simple goal and ongoing search of excellence in risk management,
both people and groups may successfully and resiliently traverse the complicated financial
landscape. It requires a commitment to ongoing learning, technological innovation, and the
integration of risk management into the very fabric of financial decision-making. Evaluate the
success of the risk management tactics on a regular basis. Gain knowledge from both
achievements and setbacks, and use these realizations to your strategy to continuously hone and
enhance it.
 ST. ALEXIUS COLLEGE, INC.
Gen. San. Drive, City of Koronadal, South Cotabato, Philippines 9506, Tel.: (083) 228-2019, Fax: (083) 228 4015, Email: registrar@stalexiuscollege.edu.ph

Episode 261: The Power of Gratitude: Transforming Your Finances One Thankful

I learned that being grateful makes one more aware of the possessions. In order to
minimize needless expenses and concentrate on what important, this might lead to more
thoughtful spending. The state of your finances may improve with the help of the power of
appreciation. Anyone may improve their financial well-being in the long run by developing an
attitude of gratitude, which will help them create and accomplish important goals and make
better financial decisions.

I realized that stress is lessened when the financial condition is secure and stable. This
emotional health has a beneficial impact on financial choices by reducing impulsive behavior
brought on by anxiety. According to Chinkee Tan,“ As you recognize your financial blessings,
you may naturally want to share them with others, creating a cycle of reciprocity and potentially
opening doors to unexpected financial benefits.”, which means that gratitude often inspires
generosity. Understanding the power of thankfulness causes you to make a number of good
decisions and behaviors that lead to long-term financial well-being in addition to changing your
perspective. Every grateful insight serves as a foundation stone for a more stable, contented, and
wealthy financial future.

I intend to begin by making it a conscious effort to acknowledge and be grateful for the
financial benefits. No matter how things are now going with the finances, acknowledge the good
things about it. To balance a grateful attitude with the financial objectives. Establish objectives
that place equal emphasis on experiences, relationships, and helping people as they do on
acquiring wealth. Lastly, resolve that appreciation will now always be a part of my life. As
I consciously communicate and practice appreciation in my financial life, expect a prosperous
circle of success, happiness, and fulfillment.
ST. ALEXIUS COLLEGE, INC.
Gen. San. Drive, City of Koronadal, South Cotabato, Philippines 9506, Tel.: (083) 228-2019, Fax: (083) 228 4015, Email: registrar@stalexiuscollege.edu.ph