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S3 E10: Black Friday Strategies
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Contenido proporcionado por Arthi Rabikrisson and Malika Petersen, Arthi Rabikrisson, and Malika Petersen. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Arthi Rabikrisson and Malika Petersen, Arthi Rabikrisson, and Malika Petersen o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
November = waiting for Black Friday deals for many people. This is the focus of Episode 10 in Season 3 where Arthi & Malika take a different look at Black Friday and how to strategise your spend.
As you know, this season's theme has been the advent calendar of investments.
Thus this episode offer a Black Friday 2 for 1 sweetener, as two advent calendar slots are unveiled, being (1) the importance of understanding assets versus liabilities, and (2) delayed gratification in wealth creation.
Arthi explains that assets generate income, while liabilities cost money. Many examples are discussed including residential property actually being a liability, and only really becomes an asset when the income generated from it exceeds the expenses, or a sale thereof generates a profit. Another example discussed includes the purchase of a G-wagon vs a tractor andw hich has teh potential to generate wealth over time.
Arthi then shares some examples on how you can use Black Friday to your advantage and move towards your wealth creation.
Malika makes an impactful point on how the way you see receiving money can have a direct effect on your wealth, which leads to emphasizing the need to delay gratification. For example use a large portion of a bonus to buy more assets than spending it all on 'want' or lifestyle items.
This episode is power-packed with tips and ideas, where Malika & Arthi discuss:
- The Black Friday origin story
- Understanding assets and liabilities
- Sharing examples of assets and liabilities
- How to utilise delayed gratification
- Leveraging debt and assets
- Practical steps to create wealth
and so much more
Remember: “Simply put, assets create wealth, liabilities stunt wealth.”
Take a listen to the episode and shift your mindset towards smart financial decisions.
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.
Capíttulos
1. S3 E10: Black Friday Strategies (00:00:00)
2. Advertisement: Old Mutual Wealth (00:00:01)
3. Introduction (00:01:52)
4. About Arthi Rabikrisson & Malika Peterson (00:02:23)
5. Welcome Listeners! (00:03:33)
6. Where Did Black Friday Originate? (00:04:56)
7. What Is An Asset vs A Liability (00:07:05)
8. Why Isnt My House An Asset? (00:07:47)
9. Rental Income Makes A Property An Asset (00:10:38)
10. How Do You See Money? (00:11:50)
11. Examples Of Changing A Liability To An Asset (00:13:05)
12. How To Use Black Friday To Your Advantage (00:16:20)
13. Delay Gratification (00:19:02)
14. Buy Nothing Challenge (00:22:12)
15. Sacrifice Space (00:23:30)
16. Invest Your Bonus (00:25:40)
17. Debt Plan (00:27:04)
18. Arthi's Parting Shot (00:31:53)
19. Malika's Parting Shot (00:32:37)
20. Thank you Listeners! (00:33:54)
21. Swanning Out For Now (00:34:09)
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