S3 E10: Black Friday Strategies

Send us Fan MailNovember = 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 liabilitiesSharing examples of assets and liabilitiesHow to utilise delayed gratificationLeveraging debt and assetsPractical steps to create wealthand so much moreRemember: “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.🎧 The Swan Effect Podcast is proudly sponsored by Old Mutual Wealth, supporting conversations that help us build financial clarity, confidence, and long-term well-being.If this episode resonated with you, please subscribe, share it with someone who might need it, and leave us a review. We’d love to hear your reflections — your messages and comments help shape the conversations we have next.Thanks for listening!— Arthi & Malika