A few weeks ago in the Money Magicians group on Facebook, I started the #FinancialFriday talks where we talk about economics and investments and have started sharing all that on the blog.
Last week South Africa was downgraded to junk status and I think it’s important to know what that means in terms of investments and your portfolio.
As I’ve been doing a lot of inner child meditations lately and I had this epiphany this morning that so many of my emotions that I thought come from adulthood and events that are happening in this moment, don't come from there.
I've just conditioned myself to react and feel in a particular way from childhood, and most of the events in my adulthood just trigger those emotions and I’m reacting from that space of hurt.
When I was growing up I would see my parents and aunts and uncles all with salary slips and on there would be deductions for funeral policies, death cover, insurance, retirement. I'm sure some of y'all know.
It took me years to understand that these were actually investments and this was their portfolio and was because it didn’t make them less broke or lead to financial freedom.
What was the deal with that?
It’s not that people don't invest; it's their approach to investing that holds them back. They buy whatever they are told to buy by the many financial advisors that come to their companies or by their friends.
They join the pension scheme at work; buy the funeral policy their friend is selling, but what's the strategy behind all this?
A topic that often comes up in the Money Magicians Facebook group is the topic of undercharging and how difficult it is to tell people how much we charge for our services.
When I started out as an entrepreneur I couldn't tell people what I charge, instead bought into the myth that I needed to lure people with discounts and freebies so I could "break into the market".
And you know what - it never worked!!!
Now, I just tell people my price, I don't negotiate or apologize and I only offer discounts and freebies to people that my spirit guides guide me to offer discounts to.
And guess what?
Wealthy Money has grown faster than when I was offering freebies.
