New Year, Same Goals, Extra Ginger – Smart Money Africa
Welcome to the Smart Money Tribe Podcast with your host Arese, the founder of smartmoneyafrica.tv and the author of two best selling personal finance books; the Smart Money Woman and the Smart Money Tribe. This podcast will include money conversations for African Millennial women and will focus on personal finance, business finance, lifestyle and the economy. On our podcast you’ll get a mix of no nonsense discussions with real women and entrepreneurs who are making a real impact in their industries. Find out how established and emerging female entrepreneurs, authors, business women, and other inspiring leaders manage their money, create good money habits and more. Join us as they give us insight into their career journeys and we learn real ways to get, keep and grow money In this episode Arese shares how comparison is killing your budget and strategies to improve your financial health.
Episode 8: 2020, A Year in Review
The New Year comes with its hopes and dreams for the future and the humble review of the past. Arese walks us through her lock down Journey in 2020, her constant struggle managing her weight which is in no way the result of her love for well-made amala which she finally was able to keep off after renewed dedication to the Gym.
We got a front row seat into her personal balance sheet and income statement, which everyone should have to actively track their net worth and their growth as an individual. She mentions how she even views herself as a business whenever she undertakes her annual review of her financials.
Arese explains how she tracks her expenses and its increase during the pandemic against a reduction in her earned Income as a result of the initial panic that comes with a the news of the pandemic in the news. She unpacks what financial freedom means to her, and which is the ability for her assets to earn enough for her to maintain her lifestyle and fund some of her guilty pleasures, which may or may not include a warm bowl of amala.
Arese talks about how she looks out for high yield investment vehicles and she preference for aggressive investment strategies, and building multiple streams of Income for the sake of reaching the goal of Financial freedom each year.
Arese, having learnt a lot in this past year talked on the lessons she learnt in the process of creating the movie series surrounding The Smart Money Woman Franchise. Most outstanding of these lessons was that of not internalising failure. The whole process was new and exciting where she had to learn to be an Executive Producer on the fly and create the success that the series became today.
She also learnt the fine art of setting realistic timelines and understanding that experience creates a certain level of results that have to be built with time. Even though she was only able to meet 72% of the expected revenue of the series it was a great experience in getting people and brands on board, on the project. The many partnership pitches taught her not to take the “No’s” personally. In her words, “Don’t take the no’s personally, ask why. Use the feedback to improve on your pitch for the next brand, be persistent, follow-up, follow-up, follow-up”
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