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 E13 Spend Your Way To Wealth

September 04, 2023 • Arthi Rabikrisson and Malika Petersen • Season 2 • Episode 13

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In episode 13 Arthi and Malika change things up a little, by discussing how you can spend your way to wealth. Yes, you read that right.

This episode is about what you do with your money that can truly pave the way to financial abundance. In essence its about shifting the mindset from focusing on income to focusing on how you spend instead, with some practical examples.

Arthi reminds us to make conscious choices such as investing in experiences and assets rather than spending recklessly on these temporary pleasures.

Malika encourages us to spend by investing in yourself which can lead to a return, whether that be in education or personal self growth or simply your health.

Malika shares an encouraging story which in essence reminds us that it is never too late to save, investment and have the opportunity to create wealth

Malika and Arthi discuss:

What it means to be "wealth conscious"
Insightful questions you can ask yourself in order to fully understand your spending
Malika debunks the misconception that many people believe that the more money you earn, the richer you will become.
How assets generate wealth
Compound growth
What is "lifestyle inflation"

And so much more!

Remember: “wealth creation is a journey and how you spend your money can determine how far you go”

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