Work Life Savings

The Swan Effect - Creating and Sustaining Your Financial Wellbeing

In this episode, Arthi and Lucille invite guest Batya Shulman, to share some of her views on Work-Life Savings, as a concept and how one can use the money we work hard for, to create a future asset pool that we can tap into for other income generating opportunities.
A different way to look at how savings can actually unlock more money in your pocket from different sources, like property or a side hustle.
We cover a number of key ideas in the episode that include:

• How to start work-life savings plans
• Understanding the work-life savings cycle
• How to maintain other income generating opportunities while still working
• Self-funding opportunities vs 3rd party lending
• Savings tips for start ups and small businesses
• Retiring comfortably with savings
• Balancing between using debt and savings
• the importance of financial independence
• teaching our children about saving

And more! Take a listen.
About Batya Shulman
Batya Shulman is a Chartered Accountant, Licenced Financial Adviser and KeyNote speaker with over 23 years international banking and financial services experience.

Born in South Africa, Batya has lived and worked in Sydney, New York, Tokyo, Hong Kong and Singapore. Batya was previously CFO, at an Australian Bank before joining St. James’s Place Wealth Management as a Partner.

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

#TheSwanEffect#MoneyResolutions#KeepinOnTrackwithMoneyResolutions#FinancialWellbeing #WomenInFinance #Saving#Investing #Financialwellness

Chapters

1. About Arthi Rabikrisson and Lucille Sikosana (00:00:00)

2. National Savings Month (00:01:37)

3. Introducing Batya Shulman (00:02:34)

4. How to start and commit to a savings plan (00:03:53)

5. Using a budget to tell your money where to go (00:04:31)

6. Unpacking the concept of Work-Life Savings (00:06:26)

7. Creating future financial independance (00:07:10)

8. Why leaving cash in the bank may not be a good idea (00:07:48)

9. The cycle of Work-Life Savings (00:08:59)

10. How much to save in an emergency fund (00:09:30)

11. Having a goal based approach to your wealth (00:11:00)

12. The importance of looking within while on your savings journey (00:11:44)

13. Non-traditional income generating opportunities (00:13:50)

14. Time is your biggest commodity (00:14:36)

15. Borrowing or using your own money to start a side hustle (00:17:05)

16. Savings tips for start ups and small businesses (00:21:15)

17. Investment options to secure a comfortable retirement (00:23:44)

18. Finding a balance between managing debt and saving (00:27:06)

19. The importance of teaching children how to save (00:28:46)

20. Financial independance and living the life you want (00:31:01)

21. Parting shot: Arthi - Work to realise the life you have saved for (00:32:15)

22. Parting shot: Lucille - Money says "if you save me today I will save you tomorrow" (00:32:58)

23. Parting shot: Batya - Do something today that your future self will thank you for (00:33:29)

24. Thank you to Batya for joining us (00:33:59)

25. Look out for the next episode on Women and Financial Freedom! (00:34:16)

26. Swanning out for now... (00:34:28)