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In Season 3 episode 5 it is all about the youth!

Arthi & Malika have dedicated this episode to providing the youth with tips on how to take action and have a better understanding about managing finances and investments, that can pave the way for a very prosperous future.

Arthi splits the focus in 3 main categories, the first being changing your perspective, mindset and narrative about money. Key to this is visualizing your dream or life that you want and writing down your goals and achievements.

Malika considers the physical financial actions that one can take to change not only your financial situation but the situation of your family. A key action, for example, that the youth can take with parents, is to start having the conversation about budgeting and the importance of having a will or life cover. Another tough but vital conversation is the opportunity for future education & the expectations around the money needed for this.

Practical ideas are offered around considering sources of income, becoming financially savvy with that money and how to start building towards financial freedom.

SO, listen in to hear Malika and Arthi discuss:

• being in the right mindset & adapting your perspective
• creating a budget with parents
• the importance of speaking to a financial advisor regardless of your financial status
• having a form of income irrespective of your age
• knowing a need versus a want
• avoiding debt

and so much more

Remember: “financial well being is more than just having money in the bank”

And take heed of the incredible offer by Coach Arthi about understanding your child's agility. Visit https://www.prernaadvisory.com/assessments for more information and email arthi@prernaadvisory.com to claim your discount during the month of June 2024!

We would love to hear your views based on the concepts covered in this episode.
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This episode is proudly sponsored by Old Mutual Wealth.