S2E16- Reset For Success

Can you believe this is the final episode of the year 2023? In episode 16 of  season 2 Arthi & Malika discuss the importance  of  setting aside time to set ourselves up for a successful 2024.

The first step with any goal is to define your goal correctly and accurately. Once you have a clear goal, in order to not overwhelm yourself Arthi suggests breaking down that goal into smaller chunks and reminds us of the SMART method. Ensuring that you follow the SMART principles  when setting a goal will mean you are able to be clear, track, budget, be realistic and implement your steps all of which will help this goal to be a success. 

Malika reiterates the importance of PTP (plan-track-plan) and that you should be updating your budget monthly in order to make the best decisions and ensure your 2024 is filled with wealth. 

Ensuring financial success is not only about planning but a big aspect is having various means of income. Both Arthi & Malika  dive deeper into some of the aspects of setting up a side hustle,some interesting stories  and Malika gives all the listeners a challenge for 2024.

Ending off this insightful discussion Malika shares a quote “a dream written down with a date becomes a goal, a goal, broken down into steps becomes a plan and a plan backed by action makes your dreams come true”

Listen to the full episode to hear Malika and Arthi discuss:

• Making sure you have SMART  (Specific, Measurable, Achievable, Realistic, Time) goals
• Never forgetting the  PTP (planning, track, plan again)
• Side hustles & entrepreneurship 
• Entrepreneurial tips

And so much more!

Remember: “we feel the pinch, after the fact”

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.

Transcript

Malika Petersen: 0:00

Your legacy is about more than just investment returns. It's about the peace of mind that comes with knowing that you've partnered with an investment manager with the right skills and experience to grow your wealth. Old mutual wealth is a world class investment destination offering you a wide range of investment strategies, and specialist wealth management solutions. Together with your financial planner, we model a strategy around your specific needs, supported by a multi skilled team dedicated to taking your wealth further. Whether your goal is to grow your wealth, generate income, or preserve capital, we select the best and most suitable investments based on your investment strategy and our extensive research and insights. Old mutual wealth is an advice led wealth management business aimed at providing financial planners and their clients with a full suite of industry leading strategies and services. For more information, please visit our website at www.oldmutual.co.za/wealth

Arthi Rabikrisson: 1:26

Hi, there, I'm Arthi Rabikrisson

Malika Petersen: 1:29

Hello,I'm Malika Peterson.

Arthi Rabikrisson: 1:31

Welcome to

Malika Petersen: 1:32

the swan effect podcast.

Arthi Rabikrisson: 1:34

Money makes the world go round. Yet it's not so easy to understand its complexities, particularly when it comes to investing.

Malika Petersen: 1:43

That's why Arthi and I are using this platform to educate, inspire and help you gain confidence in your relationship with money

Arthi Rabikrisson: 1:52

So that you can better manage your finances and investments.

Malika Petersen: 1:57

We aretwo women in finance.

Arthi Rabikrisson: 1:59

That's pretty cool, isn't it?

Malika Petersen: 2:01

It certainly is. You've been in stock broking, private wealth management, asset management and now an award winning business woman who is coaching and assisting businesses with capital and strategic advice

Arthi Rabikrisson: 2:14

and Malika you have a wealth of experience in wealth, excuse the plan in financial planning, investments and relationship management. So you're also at the coalface when it comes to where and how people are investing, both getting it right and getting it wrong

Malika Petersen: 2:33

and stuck in the grey areas too. Indeed, I've seen the many phases and moods of financial cycle and how our decisions at those times impact us. So listeners and subscribers. If you are looking to get unstuck, feel empowered and make some strides in how you tackle your money. We are here to help you.

Arthi Rabikrisson: 2:55

And it all starts with listening to this upcoming episode. Enjoy. Hi, everyone, it's December and it's sweltering but also a stormy summer here in South Africa. Everyone the sounds of Jingle tunes all around and you know what? I cannot believe this is now the final episode for 2023 Hi, Malika. Are you as excited as I am for the festive season.

Malika Petersen: 3:26

Hi Arthi. Hi everyone. Let's just say that my mind and body looking forward to the time we can rest. So yes. While it's a time for family, feast fun and frolicking it is important that we set aside time to set ourselves up for success in 2024.

Arthi Rabikrisson: 3:48

Absolutely. And that's why everyone we have titled our episode as your reset for success. Oh, goodness. And you know, that is so important Malika for all of us, okay, because the reality is, is with any kind of goal, and we've spoken about this before, the really first step to doing that is to make sure you've set up the goal properly. It just sets you up to be able to achieve it. So today's episode, everyone is exactly what our listeners and even as you and I in Malika need to remind ourselves to do to achieve our financial goals for 2024. So as we said, we need to define our goals and it's imperative that we almost break down these goals into bite sized chunks or what I like to call chunking. So what this means is that while there's a big picture goal for you know, long term financial freedom, they are obviously smaller, incremental goals that need to be set that can help us to get to that. So for 2024 that's what we want to try and set you up for success for and here's a few important things as a reminder that you all need to consider when setting goals. And we've said this before, you've probably heard it many times. The acronym SMART. Okay, everyone. Yeah, you know, this one Malika. So let's, so let's start with the s in smart. Okay, and that stands for specific. So what we're saying is everyone makes sure that you are clear about what exactly your goals are tied back into the joys of associated associated with actually achieving your goals like family holidays, your new car, or even simply just a sense of freedom that a very positive bank balance has, and I know I get very excited when I look at my bank balance and it's healthy, okay. But okay, so let's use an example to illustrate this. Okay. So here's an example of a smart vacation goal, everyone. So if I'm thinking about my own family vacation, and what I'd love to do, I would probably say I want to drive to the Drakensberg on the 23rd of December, stay for five nights do a whole host of activities like golf, and hiking and river rafting. And of course, eating gorgeous food, sees the food, maybe read a book, and then you know, come back, return home feeling quite refreshed. And I've got three people that are part of this vacation and I'm working on, say a budget of 10,000 Rand for everything, so that accommodation, your food, activities that I'm thinking of my all my travel expenses, as well. So everyone, that is a SMART goal compared to you know, someone saying, oh, I want to go on holiday in December. I mean, that's so vague, right? So I mean, Malika doesn't the SMART goal paint a quite a nice picture, actually. So, so if you think about it now, how does this particular goal, the first one that I put in? How does this example meet the smart criteria? Notice how specific I was everyone from the venue to the activities, even the dates that I was planning. So, you know, in having that specificity, I now need to take some next steps in order to maybe Google, you know, destinations, try and maybe estimate my costs of travel. Think about my accommodation where I'd like to get out of it. And obviously, you know, also what are the different activities all involved. So it's actually setting me up to be able to figure out, okay, cool, this is all the things I want to do, what's going to fit into that. The second one in the acronym, M is for measurable. All right. So measurable means ensuring that you're actually able to track the progress, measuring against the goal on a regular basis. So using my example, I would be able to track how many days of windfall, for example. So that would mean saying I want to go for five days to actually get to do it. Cool. Also, does my budget, for example, cover all the expenses that I would have to pay for? So again, this is key criteria around the goal that helps me identify with I can measure whether this was successful or not for me, okay? The A everybody in Smart is achievable. So, I mean, you and I know this, we've done this as well Malika, right? We may set goals that are unrealistic at the time that we set them, okay, or because again, we've not been specific enough. Sometimes it can cause us to lose interest as well in our goal, because it's so vague, okay, oh, I just want to go on a holiday. And then we get confusion and then eventually, it's too much to think about an unrealistic goal. So if anything, our goals can be revisited and can evolve over time. So everyone just makes sure that your goal for 2024 is achievable. That way, you're not going to lose interest, and you will reward yourself for any of those incremental successes. So in my example, of course, now, we're not talking 2024, we're still talking 2023. But for the benefit of next year, because I want to come back feeling relaxed. Hopefully, I would hope that my vacation goal is achievable, because it's three weeks away. So I've got a pretty finite deadline to get everything done. But then again, perhaps Malika lifted a bit too late to begin planning. Because my goodness, I mean, you know how it is with bookings.

Malika Petersen: 9:40

Yeah.

Arthi Rabikrisson: 9:41

The closer you you get to the travel time you're looking for prices escalate. So I'm starting to wonder now, do I have the budget potentially for this, so Okay, I'm getting a little bit of a question mark with this particular goal of mine. The R is for relevant or realistic So, you know, knowing now that I've got this question mark about my budget, I can almost feel this piece of reality setting in now. Okay? Because all of a sudden, I'm going to be Google searching, as I said, But realising I've left this a little bit too late, maybe I can't actually get all the days I want to stay in my budget. So maybe I can't get five days for my R10,000. Does it mean I have to cut back on my holiday do I maybe have to think about a different destination that can meet my budget. So you can see now I'm kind of prefacing everything around this budget that I've got. Or and Malika, you're not gonna like this, do I use credit to fund this? I know you want me tear your hair out with this. Okay, but and we're putting the option out here, because this is what people typically tend to think about, right? They think about, oh, if this is out of my budget, I can use a bit of credit, I can still enjoy my holiday. But here's the thing, everybody, we feel the pinch, after the fact. So in the new year, oh, boy, this is going to come back to bite us. So I think the key thing I want to remind everyone is up to keeping the eye on the prize meaning stick within the budget in this example, and believe you me look at the solutions or the questions that I was asking previously, and rather work with those to cut back on the days, or to actually, you know, change the destination, so it fits into the budget, you are going to feel so much better for it. And then the last part of the acronym everyone is the T for time. Okay. So again, if you look at my goal, I seem to have put a nice timeline in place, isn't it? It's for five days, it's from this day to that. So obviously, I need to ensure that I can book for that time if it's within my budget. And also I need to give myself a bit of a deadline for then making a decision whether or not it's going to happen. So yes, I've got three weeks. But potentially, I need to make a decision before that. So again, it's tying back to vagueness around timeline. If I'm too vague with my goals, for now, or even in 2024 I going to be motivated to finish the race or No, potentially not. Okay. So again, think about how you can actually ensure you're bringing clarity with the goals that you're setting around your timing and, and around your deadlines. And everyone I hope the the example on the vacation is just illustrating the point about how even though you can be you know, sitting up your goals, they might still be question marks that you need to cover. And that gives you a bit of food for thought about what your next steps and decisions can be. What do you think Malika?

Malika Petersen: 12:45

No, I think he nearly gave me a heart attack suggesting that this holiday be paid by credit but that's okay. I think the next important step is really going to help us to avoid that scenario, hopefully. Right. And and it's a step we've spoken about before it's our old friend PTP.

Arthi Rabikrisson: 13:08

Oh yeah.

Malika Petersen: 13:08

So plan track plan again. Yes, absolutely. So it's really imperative that we are deliberate about planning and tracking. And I really can't emphasise this enough, it means that all of the activities that are linked to planning and tracking of our spend, it needs to specifically be diarised, right? So listeners, make sure that you set up a recurring appointment in your diary, to set up your budget and to review your spend monthly, it needs to happen at very least on a monthly basis. Now, we have shared before that you can use a tool or an application like 22/Seven to do so. Or you can set up your own spreadsheet and check it manually. Yes, it's seemingly important to remember to pay yourself first.

Arthi Rabikrisson: 14:02

Oh, yes,

Malika Petersen: 14:03

we spoken about this before as well make sure that your investment and savings allocations are taken care of first. Set up an automatic way for that to happen whether that be by debit order, stock order, whatever that may be without you having to think about it. And then like we said before, allow the magic of compound growth has to make you super wealthy.

Arthi Rabikrisson: 14:27

I like that super wealthy. Absolutely. Absolutely. Malika. I mean, we we keep on talking about the the effect of compounding on our wealth. So absolutely. Let's do something different everyone. Because I mean, remember, it is often said that if you do the same thing over and over and over and again, but still expect a different outcome, that's the height of insanity. So everyone in 2024 we need to ensure we're trying something different to be in the best possible position so that you can achieve your financial goals. Now, the last thing we've also spoken about the importance of creating wealth by taking the right decisions around spending. Okay. And I really want us to, to perhaps now Malika talk about ways of increasing what is coming into the pot. Okay. And yes, we've covered it in previous episodes, everybody, but I think, let's be a little bit more deliberate today. You know, most people earn a salary, it's often the main source of income for most of us. However, a recent study has showed that even after a better than inflationary increase, most employees are about 5% financially worse off. Isn't that just incredible? And we've spoken about side hustles before. But today, I think I really want us to dig in a little bit more deeper into some of the aspects of setting up the side hustle.

Malika Petersen: 16:04

Yeah, look, I think it's an important and valuable topic for us to dive into and I think that, you know, this study that you spoke about, attributed the fact that these workers or employees were 5% Financial worse off to inflation and other interest expenses, which, you know, the reality is that inflation isn't necessarily only the amount that gets quoted in the news and that's just the way it is. Right? So I recently listened to speaker who, this this actually struck me quite, you know, it struck a chord with me. And I, really, I had to take a step back and think about things because the speaker pointed out that they are 24 hours in every day. And what the speaker says, let's assume we work for eight of those. And we sleep for eight of those, right? Yeah, yeah, that leaves eight hours for us to achieve our dream. And actually take a step back and do some introspection and ask myself, whether I'm spending those eight hours, really working on my dreams. For the eight hours that I'm at work, I'm completely committed and engaged. And, you know, I do everything in my power to do a good job. But I'm not doing a really good job of myself, in the eight hours that I have to achieve my dreams. So many of us i think, we really nervous about the risks associated with starting a side hustle business. Now, as a result of that we have these limiting beliefs that prevent us from starting anything or even thinking about anything. So I have the blessing of being married to serial entrepreneur, which sometimes comes with its stresses, because it's quite, it's quite a bumpy ride, being a serial entrepreneur, right. But because I'm a salaried worker, and my own limiting beliefs, this is very difficult for me initially, was really hard for me to understand. They were businesses that he invested in that I was 100% Sure, would never have been a success. And while there was a lot of blood, sweat, and tears associated with these businesses, that all proved to be successful eventually, right. And the reason for this is that his mindset just doesn't allow him to see failure as an option. And as a result, what I may have seen as events that should have resulted in full shutdown, or failure of of those businesses, he merely seen them as obstacles on his road to success of those businesses. In fact, he has the saying, that I share with my kids is because I feel that it just kind of embodies he's believing this is every no is one step closer to the next Yes. And and then. Exactly. And it really just shows the what the rest of us might see as something that is a failure when you give up entrepreneurs really see that as Okay, let me go on to the next. So, on a ecent trip to Kenya, I had the privilege of being exposed to amazing young entrepreneurs who have a very successful business. I'm talking about hundreds of millions of dollar successful businesses, right. Yeah. And they all described being second and third generation entrepreneurs, which really means that they never grew up with a limiting belief that they needed to be some pursue formal careers, or that they wouldn't be successful. It was never an option for them to not be successful. Now, this doesn't mean that they didn't face challenges. I want to be very clear about that. But they never gave up. And I for one if I look at it am very grateful I feel that my children are being exposed to entrepreneurship so that they're not limited by formal and traditional careers.

Arthi Rabikrisson: 20:09

Malika, I mean, these stories are so amazing. So, so valuable in all the points that you're raising, I can definitely resonate with this on so many levels. And I just think back to my own journey to becoming an entrepreneur, and businesswoman, and of course, sustaining this as well, right. And, you know, one of the things that it's making me think about is that decision point, to make the leap, to become entrepreneurial, to start a venture. And, you know, it's not an easy decision, and I get it, I've been there. But I think one of the things that I'm probably want to share is, you know, what actually helped was the fact that you try things out while you're still working, rather than going full feet in. And I suppose that's also based on my sort of risk awareness levels and my sort of appetite for things. But I really found that that was far easier for me when the time came to make the leap into becoming my own business woman. The fact that I tried things previously helped a lot. So for example, and you going to laugh a little bit at this one, did you know that I started a small hustle to make diaper cakes for baby showers?

Malika Petersen: 21:31

No way Arthi i dont believe that

Arthi Rabikrisson: 21:35

Totally, weird totally, you know, I was still I was still in stockbroking at the time. I did one as a gift for a best friend of mine. She loved it. And all the people who were at the shower, they absolutely loved it. I think it was probably the first time they'd seen it. And, you know, I thought to myself, hey, you know, I'm getting quite a lot of traction with this. It was fun to do. First of all, it didn't take me a lot of time to do it. And I thought well, let me actually go and see if others could be interested in this as well. So, you know, as with any idea, it's really about, you know, who's going to buy this? And how will they know that I'm selling this in the first place? So you know what I did? I actually put , I think back I was so brave at the time, I put a small advert in the Sandton Chronicle. All right. So I put a little bit of money to pay for this, this little advert. Because first of all, I knew that I really didn't want to be delivering, like too far out. So Sandton knows within my reach. And also I knew that you know, and we talking many years back now Malika Okay, so we were newspaper was the dominant way of people getting information. Yeah. Okay. So this is the time before Facebook was like really mainstream, or in fact that we could advertise services on like social medias. Yeah, giving my age away. But, you know, I did that. And then I had to decide what is the price point for this? And I mean, it took me a little a little bit of time, but eventually, you know, I calculated it calculated everything that goes into it, including my time to make the product. And believe it or not, I got customers, I really did. Okay, so granted, it was sporadic, you know, it wasn't as if I was inundated with like a flood of these things. But, you know, eventually, you know, I satisfied those customers. But you know, I was also growing in my career. So the demands of work just became too much. And I eventually let it fizzle out. So, you know, I still do it, though, now, but it's more for fun, more for family more for friends. But that was my very first side hustle.

Malika Petersen: 23:44

Cool. So so what I'm hearing you say is that actually, beyond the original creativity and idea, and I think many people get focused on what is my idea what is the you know, what is that initial thing? Important thing is really, that you take the key steps to execute on this by defining important things like your target customers, how to reach them, and what your price point was.

Arthi Rabikrisson: 24:13

Yeah I suppose you're right. I mean, those were quite deliberate. And I think the other thing I do want to mention, and you've you've already alluded to this with with your example, it's about being open to the opportunities that come your way. And also just having a keen sense of what this can turn into. So that is that entrepreneurial kind of mindset that you that you spoke about with your husband, and even if this is just going to be something for a short amount of time. Okay. So one of the opportunistic ventures that came my way was the opportunity to get a batch of slightly spoiled stock of high end, high end brand of candles. It was at a deep discount because They couldn't put it on the shelf, but they had enough stock that they needed to let it go. And this was actually happening just before the festive season, this is this was a few years back, and actually thought to myself, Okay, this might be a nice way to make a quick profit because I knew how deep the discount was and how big the margin was that they would typically sell for. So I purchased all of the stock that well as many as I could get my hands on. And I then got together a few of our family members. And through our networks, we were able to actually sell these items within a short amount of time. And it was the right timing, it was the right kind of gift, I suppose. And yes, that was just a one off thing. But man did it just boost everybody's confidence, about their ability to sell, and make some money on a quality product

Malika Petersen: 25:49

The mindset, and eventually, to achieve something I mean, it just it boggles my mind. It's a growth mindset, but it's a, it's the epitomy of the growth mindset. And many of us would see this and think, oh, buy some for myself, maybe give them to some people, but not neccessarily to buy the stock and try and sell it for profit. And I think that's that's the thing that I really, you know, want us to focus on, because I like so much because it talks to initiative, about finding these opportunities. And the reality is that the minute you open yourself to that the opportunities will appear. And it's making me realise that I need to be more open to opportunity. So I'm gonna, I'm gonna take this challenge myselfand then I want to challenge our listeners as well. So the listeners in our again, in a bit of a journey, great, we'll use 2024, you can be our judge. We will use 2024 to identify a product or service that we can do as a side hustle. Now, I do also want to just make one point because the I've often gotten stuck here before and after many of my stuff has been non starters, it really doesn't matter. You choose anything as your product or service. Right, absolutely anything. And then my goal will be once I've identified what that thing is, I will identify the target market, as you have said, I'll decide on the price point that I'm going to sell it for. And then I'm going to market to their target market. Right.

Arthi Rabikrisson: 27:29

Okay. Okay.

Malika Petersen: 27:31

I think my goal and this is how we'll define success for myself, is me having set up a little business, set aside time to work on it every day to some of those eight, eight hours when I'm not working or sleeping, launch this product to service and then I will see successes may having sold to at least one customer before the end of 2024. And I'll check back in with you same time next year. And we can have a chat about the challenges and successes that that I may have faced. So are there other tips that you may have for me after on my challenge journey.

Arthi Rabikrisson: 28:09

Oh my goodness, I am raising my hands to this challenge. I love this. You're putting a stake in the sand. Okay, I'm excited. I'm excited to see how this pans out. This time next year. Oh, Oh, lovely. So I love it. I absolutely love it. In terms of tips, I would okay, I guess I'd also want to remind, firstly, our listeners a K that we're starting this particular venture, but of course you are employed, you are current employees. So please do check in within your company if there's any conflict of interest policy that you need to be adhering to, just so that you can avoid any of the unnecessary drama that may come your way because you're starting a side hustle. So that's something you know, definitely keep key. And I know, I know, you were saying, you know, you know, try anything, you know, as part of your motivation. And I think something that could help a lot of our listeners around this is to set you up for success. Or try and work from a place of strength with your side hustle. So what you actually mean by that? You know, does it mean, I need to stick to my industry? Or the technical know how, is that where my strength is? And I guess my answer to that question is no, that's not the only thing that I'm saying. And here I want you to stretch your perspective a little bit. Of course, if you spot an opportunity within that space within your your industry or your technical know how and it excites you. That's the important thing that excites you, then of course, go for it, everyone. But the other spectrum that I want you to really think about is you could potentially tap into your softer skills and strengths as well. Like what I've done, Malika. So, everyone, just remember, you know, and I'll give you a little bit of a refresher. I'm actually a very skilled financial analysts. So, you know, I learned very technical modelling skills, used it in early, early parts of my career, I still enjoy doing it to today, but obviously not to the length and depth that I used to. So when I think back to all these little ventures that I was doing, like with the little diaper cake that I mentioned, I wasn't tapping into my technical side, yes, potenially she on the on the pricing point, but she was my creative side that I come to war in order to create. My ability to sell was what I tapped into for the candle venture that I mentioned, as well. Okay. And now if I think about my business prernaadvisory, I've tapped into my core strengths of active listening, building and maintaining meaningful relationships, and my ability to think laterally. And that's why I'm a coach. And, you know, ironically, that also started out as a bit of a side hustle. It's now my full time business. I'm a strategic adviser to smaller businesses. And I actually connect successfully funders with founders. So can you kind of see this trajectory, everyone, just to give you a sense of, you know, you don't need to be sticking into one sort of area. But certainly just deep dive a little bit into your strengths, and figure out, you know, what actually makes me unique, and what do I enjoy doing? And stretch your perspective? Your wider skills can be used in your side hustle, whether it's in or outside of your industry, but then be intentional, as we said earlier, the execution be intentional about your next steps, everyone?

Malika Petersen: 31:44

Sure. I mean, just wow. Arthi I mean, these are, you know, this is such a practical experience that you're sharing with us and invaluable, right. Technically, you usually you charge for this advice so thank you. And, and, and I mean, as I've mentioned, I've witnessed this in my family, too, right. So there's something to be said, for an entrepreneurial mindset. Yeah. I mean, is there a magic pill? That what makes one decide, okay, I got this I can do a side hustle. And you know, make it become a full a full time business?

Arthi Rabikrisson: 32:21

It sounds like that, doesn't it? Like I wish we could all? But absolutely, no, definitely, there's no magic pill. But, you know, I think you're raising a very valid question within that. So firstly, everyone, you know, side hustles don't always need to culminate into a full on business venture. Okay, that's a scary prospect for a lot of people. And, you know, a side hustle can remain exactly that. It's just complementary to what you're doing from an income perspective, okay, there should be no pressure to take the side hustle and create it into something bigger. Okay, so that's the first thing I want to say. But then there are those of us who do have a desire to become more entrepreneurial, and it's part of a longer, you know, medium to longer term strategy, then this is the way to go about it, test the waters, see what works or doesn't work, generate some additional revenue in the process, but then also learn how to manage them, and also learn about how to manage a business. I mean, that's an important skill. You know, one thing I can say is, you know, as a business owner, as you've seen with your husband, as well, you do roll with the punches, definitely do you build resilience, okay, because you pick yourself up, you dust yourself off, you keep moving forward. And when you do that, you suddenly see opportunities abound. But again, as you said earlier, there's only so much time you have on your hands. So you know managing where you do stretches out everybody is going to be vital in this process.

Malika Petersen: 33:59

Arthi I must say that I've really really enjoyed our discussion, because I think we've spoken about so many things, but I I find these things really exciting for me, especially coming from a space of you know.I guess, I guess for me, my parting shot is that everything you know, you want to you want to succeed at you need to plan for it. Right? And planning really is everything. So there was a writer by the name of Greg V that said, a dream written down with a daate becomes a goal, a goal broken down into steps becomes a plan and a plan backed by action makes your dreams come true. How about you Arthi what is your parting shot today?

Arthi Rabikrisson: 34:53

I love that quote. It's exactly exactly what we've been talking to. So I mean, as I said, I'd love this challenge that you've laid down for yourself and for our listeners, Malika and I guess I would add to that and say, everyone make the leap in 2024, to invest in your resources and your skills, your interests, not to make you happy, but to also earn income that adds to your money verse, which has been the theme of what we've been talking about through the season. So imagine everyone imagine a 2024 with some really cool additional income coming in to the bank, allowing you freedom of choice for consumption and investment. I think that's a really, really beautiful scenario to be dreaming about. And you know what, it's very possible everyone, just be intentional on how you go about it.

Malika Petersen: 35:49

Absolutely love that it. And yes, wishing you our listeners and subscribers a wonderful festive season with you and your loved one.

Arthi Rabikrisson: 35:59

Thank you may be joyous to you and to our listeners and subscribers, May you prosper and of course, to all our listeners, we will see you on the other side, meaning 2024. Malika and I will be back in February with even more practical ideas, hints, tips, we're gonna uncover even more topics to bring your way and of course, connect with us, let us know what you really want us to be talking about. That's how we actually enjoy coming up with these topics when it's based on your feedback. So write your review pop us an email if you need to. We'd love to see what's really top of mind for you. And all that we're going to talk about, well that's just going to continue to expand your pathway towards financial freedom, everyone.

Malika Petersen: 36:46

Until then everybody

Arthi Rabikrisson: 36:49

take care and Ciao.

Malika Petersen: 36:52

Ciao. Sharing is caring

Arthi Rabikrisson: 36:56

and knowledge is power.

Malika Petersen: 36:57

Time for you to be daring

Arthi Rabikrisson: 36:59

and let your money confidence bloom like a sunflower.

Malika Petersen: 37:05

Thanks for joining us.We hope you found these ideas and guidance useful

Arthi Rabikrisson: 37:10

do subscribe, share and write a review or send us comments. We would love to hear from you.

Malika Petersen: 37:16

Catch you on the next episode

Arthi Rabikrisson: 37:18

Of the Swan effect podcast

Malika Petersen: 37:20

bye for now

Arthi Rabikrisson: 37:21

Ciao.