The Swan Effect - Creating and Sustaining Your Financial Wellbeing

Money makes the world go round, and if this is true, do you struggle to understand the complex workings of finance, money and investments? Join us, Host Arthi Rabikrisson and co-host on Season 2 Malika Petersen, both women in finance, as we delve into simplifying the complexities that come with managing your finances and investments. The theory of Black Swan Events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often rationalized after the fact with the benefit of hindsight. The opposite of that are White Swan Events which are characterized as being more certain. Because life can be uncertain, there are Grey Swan areas and The Swan Effect is a monthly podcast that dives into some of those grey areas to empower persons in all walks of life to make better money decisions, and ultimately improve their relationship with money. A tribute and thank you to the late co-creator and co-host on Season 1 of the Swan effect podcast, Lucille Sikosana: you set the benchmark high, and we are proud to continue to elevate the important message on financial wellness and financial literacy globally. Your tenacity and optimistic attitude will always be the wind beneath our wings.

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The Swan Effect - Creating and Sustaining Your Financial Wellbeing

Making Money Resolutions

February 02, 2021 • Arthi Rabikrisson and Lucille Sikosana • Season 1 • Episode 1

0:00 | 48:08

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A range of topics are covered including:

Explaining what a money resolution is and how high up the list of normal resolutions should they need to be
Having the right mindset if you want to achieve your money goals
Why it is important to set realistic goals to align with your financial wellbeing
The significance of including insurance, medical aid, and retirement in your money goals
Why financial wellness in vital as we are faced with the impacts of the Covid-19 pandemic and the importance of having an emergency fund
Managing your debt and ensuring you have a good credit score
Identifying your spending leaks
Making budgeting simpler

We would love to hear your views on money resolutions based on the themes covered in this episode. Please feel free to rate, write a review, and share with others.

#TheSwanEffect #FinancialWellbieng #WomenInFinance #MoneyResolutions #Financialwellness

🎧 The Swan Effect Podcast is proudly sponsored by Old Mutual Wealth, supporting conversations that help us build financial clarity, confidence, and long-term well-being.

If this episode resonated with you, please subscribe, share it with someone who might need it, and leave us a review. We’d love to hear your reflections — your messages and comments help shape the conversations we have next.

Thanks for listening!

— Arthi & Malika

Introduction - About Arthi Rabikrisson and Lucille Sikosana

Making resolutions in a brand new year

What is a money resolution

Arthi talks about having a map in place to take you where you want to go

Lucille recommends writing down your resolutions to bring them to life

Taking control of your financial situation

Arthi talks about why it is important to have a positive mindset about money

Setting SMART goals one goal at a time

Creating accountability when it comes to money goals

Including insurance, medical aid and retirement into your money goals

Lucille and Arthi share their parents’ retirement stories

Creating follow up flags to make sure you are still on track with your goals

There is no need to go at it alone, partner with someone

Making smart choices on when and how to use debt

Lucille shares insights and techniques on how to start budgeting

Rewarding yourself with small treats as you reach milestones

Having a solid financial plan allows you to sleep better at night

Having an emergency fund for those rainy days

Spending leaks and working towards breaking those habits

Thank you to our listeners

Look out for our next episode on Savings and Investments

Swanning out for now!

Arthi Rabikrisson

Host

Malika Petersen

Co-host