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

S2 E3 Know Your Money Pot

October 03, 2022 • Arthi Rabikrisson and Malika Petersen • Season 2 • Episode 3

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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.

People on this episode

Arthi Rabikrisson

Host

Malika Petersen

Co-host