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

The Double-Edged Sword of Debt

October 01, 2021 • Arthi Rabikrisson and Lucille Sikosana • Season 1 • Episode 9

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Debt can play many roles in our lives, from the opportunity cost to income producing to just an expense that needs to be attended to. This is where the double edged sword of debt emerges.
Listen in to this latest episode for the discussion between Lucille Sikosana and Arthi Rabikrisson, where they tackle some of the trickier questions about debt; it's usefulness and drawbacks; how to practically break out of the cycle of indebtedness and debt traps, and smarter uses of debt.

Tune in to find out:

How debt can be favourable and how to practically use debt wisely
The different kind of debts we have have, some known and others surprising
The ways debt can hinder us
About consolidating debt, debt relief and avoiding debt traps
Mindfulness around credit scores and reports for future endeavours
How to practically manage personal debt month to month
About the right plan of action for you that helps you clear debt
Committing financial infidelity and the additional stress this causes over time

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

#TheSwanEffect #FinancialCoaching #Debt #FinancialWellbeing #WomenInFinance #Saving#Investing #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.

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Thanks for listening!

— Arthi & Malika

Arthi Rabikrisson

Host

Malika Petersen

Co-host