S2 E11 Create Your Infinity Legacy

The Swan Effect - Creating and Sustaining Your Financial Wellbeing

In Season 2 episode 11, Arthi & Malika take your moneyverse to the next level by discussing how to create your infinity legacy. This really is about taking those steps to ensure that the wealth that we create is able to stand the test of time and allow future generations to build on it.

Using the example of a 23 year old who's entering the job market and doesn't have any financial history or baggage just yet, gives us insights into the decisions that can be made at that stage, that creates a financial and educational legacy.

Malika reminds us of the strategy of paying yourself first and outlines how to split that payment into savings & investments. Arthi explains the next step in creating a lasting legacy and moneyverse is having multiple sources of income and generously provides an abundance of ideas & income revenues.

Malika & Arthi discuss how career paths are not as rigid as they once were and the importance of growing & developing yourself and being flexible while you navigate in your path. Both ladies share their own stories and the changes of their paths.

Lastly Arthi reintroduces the term debt solutions and how these are not all created equal. The hosts discuss securing fixed assets in order to use the leverage to generate wealth over time.

Listen in to hear Malika and Arthi:

• Explain the difference between saving & investing
• highlight the importance of diversification
• showcase having various sources of income
• how you can grow & develop your career path
• outline relevant debt solutions
• underscore the importance of having a financial advisor

And so much more!

Remember: “we not defined by the career that we have or what we earn, but rather than the decision that we take when spending”

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.

Chapters

1. Advertisement: Old Mutual Wealth (00:00:00)

2. Introduction (00:01:44)

3. Welcome Listeners! (00:03:26)

4. Creating Your Infinite Legacy (00:04:09)

5. Difference In Savings & Investing (00:06:00)

6. What Is Savings (00:07:00)

7. What is An Investment (00:07:43)

8. Importance Of Dividends (00:08:22)

9. Creating Multiple Sources Of Income (00:09:33)

10. Creating A Wealth Cycle (00:14:01)

11. Career Pathing (00:15:00)

12. Arthi's Path (00:17:43)

13. Building Your Wealth (00:22:20)

14. Debt Solutions (00:23:45)

15. Financial Advisors (00:27:07)

16. The Recap (00:28:41)

17. Malika's Parting Shot (00:29:44)

18. Arthi's Parting Shot (00:30:20)

19. Thank you Listeners! (00:33:05)