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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

S2E5 The Gift that Keeps on Giving

December 02, 2022 • Arthi Rabikrisson and Malika Petersen • Season 2 • Episode 5

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In our 2022 wrap up episode 5 of Season 2, Arthi and Malika helps you look at a truly wonderful gift that really does keep on giving: your investments.

The festive season is upon us and it is very easy to become swept up with wanting to spoil loved ones (and yourself) with treats, especially with all the specials around, pots Black Friday and Cyber Monday too. That 13th cheque or bonus that you may receive this month could be used to feed that desire, or can be used to set you up for even greater spoils down the line.

To help you think about it from this perspective Malika and Arthi nudge you to think about the following questions, as part of your reflection for the year that has been and what you are hoping to gain in 2023:

Why do I need to invest?
How much risk do I need to take to grow my wealth?
How long should I be invested for?
When is the right time to disinvest?
How do I prioritise investing when I have so many commitments and responsibilities to other?
How do I deal with the voice in my mind that tells me to spend without thinking of the consequences?

As part of these reflections, Arthi and Malika offer:

how to use visualisation as a way to stop immediate consumption and consider investing to reach those goals you truly desire
practical examples of the impact and benefit of compounding - one of the best friends you can ever have!
real world investor habits who use investment opportunities wisely
making investing a forethought, not an afterthought
the concept of delayed gratification and how it can offer a substantial opportunity for legacy creation

It can be a difficult journey figuring out how and where to go about investing. Seeking out support is crucial. But if you hit a setback in your money management and investing journey, follow what Arthi says: "if you fail once, you don’t throw in the towel, rather fetch a new towel and hang it up differently!"

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

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

Have a fruitful festive season and New Year listeners and subscribers!

This episode is proudly sponsored by Old Mutual Wealth.

People on this episode

Arthi Rabikrisson

Host

Malika Petersen

Co-host