The Swan Effect - Creating and Sustaining Your Financial Wellbeing

S2 E3 Know Your Money Pot

October 03, 2022 Arthi Rabikrisson and Malika Petersen Season 2 Episode 3
The Swan Effect - Creating and Sustaining Your Financial Wellbeing
S2 E3 Know Your Money Pot
Show Notes Chapter Markers

In Episode 3 of Season 2, Arthi and Malika dive in a deeper into the first financial superpower that was mention in Episode 1, being Know Your Money Pot.

As we come to the end of the year and the festive season round the corner, it is very easy to think about the spending that needs to happen and then think about how to pay for it. We're challenging you to reverse that order, to know how much income and other inward resources you have and then deliberate on where and how to spend it, not just for upcoming expenses but also for savings.

Malika and Arthi discuss: 

  • where could your current sources of income come from
  • ways to consider making more money or generating multiple sources of income, especially in an environment where costs are sometimes increase due to forces beyond one's control
  • how to think about and prepare for short term sacrifices in order to help medium or longer term goals materialise
  • strategies on how to stockpile
  • Ways in which you can track your income and savings

And so many more tips and ideas that will not only motivate you but commit you towards progress with your money management goals.

We would love to hear your views based on the concepts covered in this episode. 

Do rate, write a review, and share with others.

This episode is proudly sponsored by Old Mutual Wealth.

Advertisement: Old Mutual Wealth
Introduction
About Arthi Rabikrisson and Malika Petersen
Welcome listeners!
Recap of the Journey on Season 2, Malika's takeaway on roadmap and psychology of money behaviour
Arthi's takeaway around choices that we have
Triggers on money spend - Malka shares her personal example
Arthi share a personal example of money spend behaviours
Income and other forms of resources we may not realise is available to us
How to think about shortfalls and how to fill the gap
A lesson in managing finances based on a Steve Harvey story
Making a short term sacrifice in order to reach a longer term goal
Start to stockpile from different sources
What can we do to generate more income?
Increasing your money pot for the future
Ways to track our income and inward resources
The gap between resources and expenses
Arthi's parting shot
Malika's parting shot
Thank you listeners!
Swanning out for now!