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S4 E5 The Wealth Code Discipline · The Swan Effect - Creating and Sustaining Your Financial Wellbeing

• 0:00
  Arthi Rabikrisson: Your legacy isn't just about numbers.
• 0:03
  Arthi Rabikrisson: It's about the confidence that comes with knowing your wealth is expertly managed.
• 0:09
  Arthi Rabikrisson: At Old Mutual Wealth, we offer solutions that go beyond investment management.
• 0:14
  Arthi Rabikrisson: We're your trusted partner in achieving financial success.
• 0:18
  Arthi Rabikrisson: Together with your financial planner, we uncover what matters most to you, crafting a personalized plan tailored to your unique goals, backed by a team dedicated to your wealth management, offering clients and financial planners a full suite of industry-leading investment solutions.
• 0:50
  Arthi Rabikrisson: Visit www.
• 0:51
  Arthi Rabikrisson: old mutual.
• 0:51
  Arthi Rabikrisson: co.
• 0:51
  Arthi Rabikrisson: za/ wealth to learn more.
• 1:01
  Arthi Rabikrisson: Hi there, I'm Arthi Rabikrisson.
• 1:03
  Arthi Rabikrisson: Hello.
• 1:05
  Malika Petersen: I'm Malika Petersen.
• 1:06
  Malika Petersen: Welcome to the Swan Effect Podcast.
• 1:10
  Arthi Rabikrisson: We're your go-to podcast to simplify the complexities of money management, investing and wealth management.
• 1:18
  Malika Petersen: So that you can gain confidence in your relationship with money and become financially literate, independent and free.
• 1:26
  Arthi Rabikrisson: That first step towards freedom is knowledge, and you can start with gaining that right now by listening to this upcoming episode.
• 1:38
  Arthi Rabikrisson: It's my favorite month because it's my birthday month.
• 1:41
  Arthi Rabikrisson: We are well and truly into mid-year, okay.
• 1:45
  Arthi Rabikrisson: Okay, I'm not going to say it, but I can't help myself.
• 1:48
  Arthi Rabikrisson: Where has the first half of the year gone?
• 1:51
  Arthi Rabikrisson: I don't know about you everyone, but for me, when I get into June, I almost have like a gear shift, you know, after the disbelief of how quickly time has passed, to actually now focus and think about discipline, because I start to realize that the end of the year is so close by, which is why I think it's so appropriate that we are cracking the code on discipline today on the Swan Effect podcast, which, as you will recall everyone, is the theme of the season of becoming your own financial superhero, and discipline is a key trait that we identified in episode two of the season, and it's needed in order to create that wealth mindset, and Malika and I are on that mission to get you, and ourselves too, closer to that wealth creation vision.
• 2:39
  Arthi Rabikrisson: Hi, malika, and welcome.
• 2:41
  Malika Petersen: Hi Arthi it's another exciting conversation today and I'm so glad that you shared that recap with our listeners.
• 2:48
  Malika Petersen: So remember everyone, we've been working our way through a wealth mindset this season, which is so exciting, and the last two episodes have focused on the key traits being innovation and resilience.
• 3:03
  Malika Petersen: So hence this is now our third one, right on discipline, that we're unpacking.
• 3:08
  Malika Petersen: If you miss missed others, not to worry, just go back to our podcast and listen at your leisure.
• 3:14
  Malika Petersen: Listen to it a few times.
• 3:15
  Malika Petersen: Each time, I mean for me, every time I listen to it, something new kind of emerges for me, and I'm sure it will for you as a takeaway as well yeah.
• 3:26
  Arthi Rabikrisson: Set the scene for us.
• 3:27
  Arthi Rabikrisson: Malika, how are we going to be talking about discipline today?
• 3:31
  Malika Petersen: Okay, so today's episode is about a cornerstone of success discipline, right, whether you're starting your own business, looking at building additional streams of income or thinking about wealth creation, the common thread and guys cannot stress this enough, it truly is the common thread that ties it all together, and that's discipline.
• 3:51
  Malika Petersen: That constant drive keeps you on track, especially when things get tough.
• 3:58
  Arthi Rabikrisson: Absolutely, Malika.
• 3:59
  Arthi Rabikrisson: I mean, you can have all the ideas in the world everyone but if you don't have the discipline to follow through, they're just dreams.
• 4:06
  Arthi Rabikrisson: So today we're going to talk about the what, the why and the how around self-discipline and how.
• 4:12
  Arthi Rabikrisson: When it comes to wealth creation, it's this non-negotiable, so that you can achieve that financial independence as well as that lasting success.
• 4:22
  Malika Petersen: Exactly, and we're not just talking about the hustle grind that people are talking about on social media.
• 4:29
  Malika Petersen: It's interesting on social media, but it's real kind of sustainable discipline that gets results over the long run.
• 4:37
  Malika Petersen: So, because I'm so excited, let's dive in and unpack this even further.
• 4:42
  Malika Petersen: So, aati, spell it out for us from your experience with coaching and from a neuroscience perspective.
• 4:50
  Malika Petersen: You come across different levels of self-discipline with your clients, correct?
• 4:56
  Arthi Rabikrisson: Yeah, that is correct.
• 4:57
  Arthi Rabikrisson: It really does vary.
• 4:58
  Arthi Rabikrisson: Malika.
• 5:00
  Malika Petersen: Okay.
• 5:00
  Malika Petersen: So exactly what are we talking about when we say discipline?
• 5:05
  Arthi Rabikrisson: Okay, so, very simply put, what it means is everyone being able to control ourselves and to stay focused on our goals.
• 5:14
  Arthi Rabikrisson: So, if you think about it, what that means is we're controlling our behavior, our mind and actually even our body over time so that we can achieve what we want to achieve, meaning we have to stay disciplined.
• 5:26
  Arthi Rabikrisson: I hope that's simple enough.
• 5:28
  Malika Petersen: Okay, so that does sound like it might mean that we have to be obedient and set rewards and punishments to stick to being disciplined, right.
• 5:40
  Arthi Rabikrisson: Yeah, you know, it's actually interesting you say that because you're right, right, as humans, we feel that discipline it's very rigid and we really have to shift things in such a rigid way in order to get things done.
• 5:52
  Arthi Rabikrisson: But you know, if anything, we actually, by doing that, we set ourselves up for So, actually, Malika, you know what I would say?
• 5:57
  Arthi Rabikrisson: and the anxiety that builds just by doing this.
• 6:01
  Arthi Rabikrisson: No, discipline is not actually requiring all of that, that obedience and these rigid regimen of things that need to be done Okay, but then what does it require?
• 6:13
  Arthi Rabikrisson: I would say it's actually a healthy dose of self-regulation from an emotional perspective, and then add to that that rational thought process to help you make a decision, Okay, so okay, let me illustrate with a very simple example.
• 6:29
  Arthi Rabikrisson: I love chocolate.
• 6:30
  Arthi Rabikrisson: I also know it's not good for me.
• 6:31
  Arthi Rabikrisson: Okay, Because it messes with my sugar cravings.
• 6:34
  Arthi Rabikrisson: You know, once you get started, you can't stop right, so I want more sweet stuff as a result.
• 6:39
  Arthi Rabikrisson: Now, from an emotional perspective, there's a little voice in me that says, Artie, go on, have that chocolate.
• 6:45
  Arthi Rabikrisson: And when that voice comes, I actually need to be able to regulate myself to actually understand.
• 6:50
  Arthi Rabikrisson: Okay.
• 6:55
  Arthi Rabikrisson: But now, Arthi, why do you want or even need that chocolate?
• 6:57
  Arthi Rabikrisson: And you know, through my own kind of work over the years, Malika, I've come to realize that actually me reaching for chocolate is actually a self-soothing mechanism, because there's actually something else that's going wrong.
• 7:05
  Arthi Rabikrisson: Yeah, I've come to realize that.
• 7:07
  Arthi Rabikrisson: So now, with that realization, I regulate myself and I actually figure out okay, Arthi, what's going on with you at this point in time that's making you want that chocolate.
• 7:15
  Arthi Rabikrisson: And over time now, I've built up my willpower to be able to say no in that moment.
• 7:20
  Arthi Rabikrisson: And once I'm able to do that, my rational mind comes in and basically says chocolate no.
• 7:25
  Arthi Rabikrisson: No, you're not eating that today.
• 7:27
  Arthi Rabikrisson: Or if I'm in the store and I see the chocolate, no, I'm not buying that chocolate today, Don't need it.
• 7:31
  Arthi Rabikrisson: Because I figured out what's actually going on with me.
• 7:35
  Malika Petersen: Yeah, and I mean it sounds like a constant battle internally, which I mean I can absolutely understand because I have my own battles that gone inside of me, but we all do.
• 7:45
  Malika Petersen: Yeah, why is it that we have this battle to retain our self-discipline?
• 7:50
  Arthi Rabikrisson: That's such a great question and it comes down to this conflict, right?
• 7:55
  Arthi Rabikrisson: A conflict between immediate gratification which I know you have a bugbear on, this, right, we speak about this all the time that instant gratification and long-term goals.
• 8:05
  Arthi Rabikrisson: So that's the tussle.
• 8:07
  Arthi Rabikrisson: Now, remember, our brains are wired to seek pleasure, right, it wants things to get done easy, smoothly, it wants to avoid discomfort, and therefore we find it hard to focus, right, especially if something is, we're going to push it out, and plus, there are so many other distractions that come into play.
• 8:23
  Arthi Rabikrisson: And also, you know, oftentimes we don't set accountability measures as well.
• 8:28
  Arthi Rabikrisson: That just helps us to keep on track.
• 8:30
  Arthi Rabikrisson: So there's a lot going on.
• 8:33
  Malika Petersen: Yeah, you're saying.
• 8:34
  Malika Petersen: I mean, you're saying this and I'm already thinking about those reasons why, and even in a financial context too, right, so we're always speaking about instant gratification or the delay of instant gratification, for example, when it comes to to spending right yeah, like my chocolate example I just shared with you no, yeah, absolutely.
• 8:55
  Malika Petersen: And then other reasons, like technology being a distraction with multiple influences and I mean when I influencers, I mean people and things online, a myriad of shopping apps and portals oh yes, we know about those and habits and rituals that play into spending as well, such as always buying popcorn or cold drink and candy at the movie theater.
• 9:22
  Arthi Rabikrisson: It's like it goes hand in hand.
• 9:23
  Malika Petersen: Yeah, absolutely, like we just put them together.
• 9:26
  Malika Petersen: You always had a pizza on a Friday night, but from what you're saying, we can actually change this through understanding the why we are doing this and changing it for something else, right?
• 9:38
  Malika Petersen: So that is the question.
• 9:40
  Malika Petersen: The big question now is like how do we do that?
• 9:44
  Arthi Rabikrisson: And that is where we are going to take some cues from our superheroes that we've been talking about throughout the season to maybe illustrate some of that, how everyone now, if you think back, we've mentioned a number of super wealthy heroes already into the season and one of the things that most of them, almost all of them, have in common I mean not just brains, not just their bravery, but it stands out all the time.
• 10:07
  Arthi Rabikrisson: Discipline stands out all the time.
• 10:16
  Malika Petersen: Excellent.
• 10:16
  Malika Petersen: I'm so happy that we are doing it with this focus.
• 10:17
  Arthi Rabikrisson: Yeah, yeah, okay, okay, okay, cool.
• 10:18
  Arthi Rabikrisson: So let's start with Batman, for example.
• 10:21
  Arthi Rabikrisson: Okay, so he doesn't have superpowers, but he's got this, iron will right.
• 10:26
  Arthi Rabikrisson: So Bruce Wayne.
• 10:27
  Arthi Rabikrisson: He built his wealth through Wayne Enterprises and then he became Batman.
• 10:32
  Arthi Rabikrisson: But he became Batman by being absolutely obsessive with his routines.
• 10:37
  Arthi Rabikrisson: There was this intense training, to the point where it actually became self-denial in certain respects as well.
• 10:43
  Arthi Rabikrisson: So he literally trained his body and his mind to what I would say is like the edge of human capacity.
• 10:58
  Malika Petersen: I mean, everything was at his fingertips, right, yeah, but he still chose discipline.
• 11:03
  Malika Petersen: He set up non-negotiable routines, from his combat drills to strategy planning, and that's what separates him from being just another rich guy.
• 11:14
  Malika Petersen: Imagine, listeners, if you're thinking about your side hustle business as an example the idea of starting a business is exciting.
• 11:22
  Malika Petersen: It's glamorous in every way the freedom, the potential to scale, the ability to be your own boss.
• 11:28
  Malika Petersen: But we all know that starting a business is really, really tough.
• 11:37
  Malika Petersen: ANd I know why you are laughing ARthi .
• 11:37
  Malika Petersen: .
• 11:37
  Malika Petersen: .
• 11:37
  Malika Petersen: It requires next level discipline yeah,
• 11:43
  Arthi Rabikrisson: You know why I am laughing.
• 11:44
  Arthi Rabikrisson: It's because I can tell you all about that, malika.
• 11:47
  Arthi Rabikrisson: Being a, being a solopreneur, you know it's very easy to feel discouraged when you don't have those immediate returns, right, that instant gratification.
• 11:55
  Arthi Rabikrisson: But you know, what I find is that showing up even when I'm not winning, is actually winning, right?
• 12:01
  Arthi Rabikrisson: Because, like Batman, I've become obsessed with building myself, building my brand and, importantly, building a system that actually works for both the big and the small tasks.
• 12:13
  Arthi Rabikrisson: So, for me, everything is like part of this web, like almost, of building towards success in business.
• 12:20
  Arthi Rabikrisson: And I know, even from your side you know in your family as well, malika it's been similar, because you've got entrepreneurs in your family too.
• 12:27
  Malika Petersen: It's the same right yeah, yeah, you know, when you say that, you make me think of Natasha Romanoff, right, Black Widow, every single move is calculated right.
• 12:41
  Malika Petersen: I mean, she's proof that stealth wealth and stealth strength requires mental and emotional discipline, especially under high pressure situations.
• 12:52
  Malika Petersen: I mean, imagine bringing that into your financial decision making right?
• 12:58
  Arthi Rabikrisson: Yes, I mean, it's a game changer.
• 12:59
  Arthi Rabikrisson: It really is.
• 13:01
  Arthi Rabikrisson: And it ties into another key.
• 13:03
  Arthi Rabikrisson: How point about self-discipline?
• 13:05
  Arthi Rabikrisson: Everyone?
• 13:06
  Arthi Rabikrisson: And actually, let's think about Steve Rogers, right?
• 13:09
  Arthi Rabikrisson: Captain America, he's a really good case in point.
• 13:12
  Arthi Rabikrisson: So, again, he was not one of the flashiest, or I mean maybe a little bit lower down the rungs, not the super rich.
• 13:18
  Arthi Rabikrisson: He was also rich, but there was one thing that he does better than anyone else, and that is to prioritize.
• 13:24
  Arthi Rabikrisson: So he always knows what matters, and one of the hardest thing everyone to learn to do is to learn to prioritize what's important.
• 13:32
  Arthi Rabikrisson: Because, I mean, I see it all the time it's like everything seems to be urgent, everything seems to be we need to get it done, like yesterday, but actually, no, that's not the case.
• 13:41
  Arthi Rabikrisson: So the discipline is to be able to do things in this prioritized fashion, even if they don't feel exciting, like planning how your cashflow is going to go or, you know, creating that solid marketing strategy Difficult if these are not areas that you're familiar with, but you know these are tasks that are critical to your long-term success.
• 14:01
  Arthi Rabikrisson: So when you build that kind of focus and that routine, it truly does set you up for growth.
• 14:07
  Arthi Rabikrisson: yeah
• 14:08
  Malika Petersen: I mean, steve rogers is so clear on his values.
• 14:11
  Malika Petersen: It's like his internal compass never wavers, even when the world changes.
• 14:16
  Malika Petersen: He doesn't, and he doesn't waste time chasing things that don't align to those values.
• 14:22
  Malika Petersen: So I mean, discipline is really about not getting distracted by the shiny new idea, but just stick to the plan always.
• 14:32
  Arthi Rabikrisson: Ah, that is.
• 14:32
  Arthi Rabikrisson: You know.
• 14:33
  Arthi Rabikrisson: For me, that's a massive wealth lesson, actually, because when you know your financial goals whether it's saving for a home, paying off debt, building generational wealth you actually stop spending on distractions because you know this is clear.
• 14:52
  Arthi Rabikrisson: This is where I want to go, so self-discipline without prioritization is actually just exhaustion.
• 14:54
  Malika Petersen: That's what I think it is, absolutely, and it's making me think about even diversifying your income.
• 14:59
  Malika Petersen: You know, I know I know you big on this, I think.
• 15:01
  Malika Petersen: But the challenge is figuring out how to make it work without burning out.
• 15:06
  Malika Petersen: It's very easy to fall into the trap of thinking I have to hustle all the time, but this is where discipline in time management comes in.
• 15:16
  Malika Petersen: You have to be strategic about allocating your time across different income streams right and creating a schedule to give each one its due credit right.
• 15:29
  Arthi Rabikrisson: You know that means that you don't make unforeseen mistakes, for example, Right, right, and you know why that's so important is because it brings you down to being very realistic about what's going on at that point in time, right, which I think brings me now to our next superhero, malika.
• 15:46
  Arthi Rabikrisson: Spider-man, okay, or the character that we know as Peter Parker, right, so he is a really great example of someone who knows his limits.
• 15:55
  Arthi Rabikrisson: So he's young, he's broke half the time time, he's juggling like 15 things, right, but then he kind of owns it, don't you think?
• 16:03
  Malika Petersen: no, absolutely.
• 16:04
  Malika Petersen: And I mean he knows he gets impulsive and emotional and sometimes reactive, but I think, instead of pretending that it's got it all together, he builds systems like routines, anchors, asking for help.
• 16:17
  Malika Petersen: Help, he's very self-aware, right.
• 16:20
  Arthi Rabikrisson: And I think that's exactly what we need to do with money as well, everyone.
• 16:24
  Arthi Rabikrisson: So, for example, if your weakness is late night online shopping, oh boy, you know, especially around Black Friday, we do this.
• 16:31
  Arthi Rabikrisson: Right, it's the up till midnight and we start to shop, or maybe even avoiding the budget, you know, you can name it.
• 16:36
  Arthi Rabikrisson: Whatever it is that weakness, then set up some guardrails for yourself, as you said earlier, malika.
• 16:41
  Arthi Rabikrisson: Things like auto-saving, limiting your card access or using that accountability buddy I mean all of these things are really, really going to help.
• 16:50
  Malika Petersen: No, those are excellent examples.
• 16:52
  Malika Petersen: I mean that we've spoken about previously that, obviously.
• 16:55
  Malika Petersen: But it is a mind shift towards wealth creation.
• 16:58
  Malika Petersen: And speaking of that, I must say dr strange is coming to mind at the okay, tell us more.
• 17:06
  Malika Petersen: Well, he's the ultimate mindset transformation right or transformer from ego-driven surgeon to humble dimensional, and his story is such a powerful reminder that loss can either destroy you or it can transform you, and I think in his case it unlocked a whole new perspective, literally.
• 17:30
  Arthi Rabikrisson: Yeah okay, I can see why you're saying that.
• 17:32
  Arthi Rabikrisson: Okay, and if I have to translate it into like a financial context, I think you know this is what can happen for us, that transformation, everyone, if we let go of these toxic money mindsets that we have.
• 17:45
  Arthi Rabikrisson: Right, and it's often rooted in, you know, a sense of scarcity, shame even, or this comparison factor of what I have versus what others have.
• 17:54
  Arthi Rabikrisson: All of these things actually hold us back.
• 17:56
  Arthi Rabikrisson: But then when we shift to what I like to call possibility, thinking like, for example, what if I could learn to invest?
• 18:04
  Arthi Rabikrisson: Or what if I could be wealthy without any kind of guilt, right, suddenly I'm like visualizing, or I'm dreaming, manifesting I know you love that word as well, malika that game actually then starts to change, right?
• 18:16
  Malika Petersen: That is so true.
• 18:17
  Malika Petersen: I mean wealth is starting your head.
• 18:19
  Malika Petersen: Before it starts in your wallet.
• 18:22
  Malika Petersen: Doctor Strange didnt gain power from holding on.
• 18:25
  Malika Petersen: He actually grew when he let go.
• 18:29
  Arthi Rabikrisson: That is so powerful.
• 18:30
  Arthi Rabikrisson: I think what you've just said there.
• 18:31
  Arthi Rabikrisson: That's like a drop mic moment for me, actually that letting go truly sets us free and when we're able to forgive ourselves for any mistakes we've made, that freedom is ultimate.
• 18:44
  Arthi Rabikrisson: It's reminding me of do you remember the character?
• 18:47
  Arthi Rabikrisson: The Scarlet Witch Wanda?
• 18:49
  Malika Petersen: Oh yes.
• 18:51
  Arthi Rabikrisson: She's one of the most complex characters, you know.
• 18:54
  Arthi Rabikrisson: Every time I think of her, I think of, like, all this grief like she holds because of so much that's gone on, right.
• 18:59
  Arthi Rabikrisson: But she's made some really, really big mistakes, right, especially in the WandaVision series movie as well.
• 19:06
  Arthi Rabikrisson: But underneath it all there's this big journey of self-forgiveness and that, to me, is such an underrated part of actually building wealth.
• 19:15
  Malika Petersen: No, totally.
• 19:16
  Malika Petersen: I think we've all made money mistakes building wealth no, totally.
• 19:17
  Malika Petersen: I think we've all made money mistakes Maxed out credit cards, missed investment opportunities or just avoided financial conversations right, but if you stay stuck in that guilt, you're not going to move forward.
• 19:30
  Malika Petersen: That's the reality of it, right?
• 19:33
  Malika Petersen: And what I'm hearing is that listeners like Wanda you can be powerful and still flawed.
• 19:39
  Malika Petersen: You know what matters is really taking responsibility, healing and stepping forward.
• 19:46
  Malika Petersen: Wealth is emotional too, and forgiveness really is part of your financial toolkit.
• 19:53
  Arthi Rabikrisson: Yeah, you said it, Malika, I mean everyone, you've heard it here, Forgiveness is part of your financial toolkit.
• 19:59
  Arthi Rabikrisson: Self-forgiveness, right?
• 20:00
  Arthi Rabikrisson: Oh, I think that's so powerful.
• 20:02
  Arthi Rabikrisson: We're dropping some real powerful things here today, Okay.
• 20:06
  Arthi Rabikrisson: So just to recap, then, because we've said so many different things.
• 20:09
  Arthi Rabikrisson: Okay so, listeners, for your benefit, on the how piece.
• 20:12
  Arthi Rabikrisson: How do we actually build self-discipline?
• 20:14
  Arthi Rabikrisson: So it's things like obsessive routines, which are all calculated towards getting you closer to your goals.
• 20:22
  Arthi Rabikrisson: And then, of course, when you prioritize these goals, then you will find ways to get started on them, be it building a business or finding ways to diversify your income.
• 20:33
  Malika Petersen: No, and let's also not forget that we need to know our weaknesses, flaws or limits so that our rational mind can set up guardrails, so that we can tangibly steer clear of being derailed right.
• 20:47
  Malika Petersen: This is all in our control.
• 20:50
  Malika Petersen: Everyone that strong mindset about control opens up so many possibilities and in knowing our flaws and being able to forgive ourselves, we can truly embrace that wealth mindset.
• 21:03
  Arthi Rabikrisson: I love that recap All right.
• 21:05
  Arthi Rabikrisson: So let's bring it now to the ground level, to our foundational base.
• 21:08
  Arthi Rabikrisson: How can our listeners start building their self-discipline muscle today?
• 21:13
  Malika Petersen: So number one set your hero habit baseline.
• 21:18
  Malika Petersen: Now this might be saving 10% of every payment you receive, or doing a weekly money.
• 21:25
  Malika Petersen: Check in with yourself.
• 21:26
  Malika Petersen: Choose one habit and make it absolutely sacred.
• 21:31
  Arthi Rabikrisson: Okay.
• 21:31
  Arthi Rabikrisson: Second, for me would be building a system, not just a goal.
• 21:36
  Arthi Rabikrisson: Okay.
• 21:36
  Arthi Rabikrisson: So, yes, I love goals.
• 21:37
  Arthi Rabikrisson: Goals give you direction, but you know what?
• 21:39
  Arthi Rabikrisson: It's the systems that keep you moving.
• 21:42
  Arthi Rabikrisson: So things like what we said earlier automate your savings.
• 21:46
  Arthi Rabikrisson: Maybe even you have a no spend day once a week, even start day, and then actually something like that visualization component about how you can make your future self the default winner.
• 21:56
  Arthi Rabikrisson: So that delaying of the gratification as well, that's part of that system.
• 22:01
  Malika Petersen: Everyone yeah, absolutely.
• 22:03
  Malika Petersen: And then, third, cut the noise.
• 22:05
  Malika Petersen: Discipline absolutely loves focus, so unfollow accounts that tempt you into lifestyle inflation, create boundaries around emotional spending and track all your triggers.
• 22:21
  Arthi Rabikrisson: All of that shopping and consumption Okay, great, okay.
• 22:24
  Arthi Rabikrisson: So our fourth one everyone would be to use some visual reminders, actually, so you know whether it's a superhero you admire, or maybe a vision board that you're creating where you can see it all the time that talks to your financial goals.
• 22:38
  Arthi Rabikrisson: Just keep reminding your brain why you're doing this.
• 22:41
  Arthi Rabikrisson: I use this all the time in my coaching.
• 22:43
  Arthi Rabikrisson: I always tell my clients to use some kind of a visualization because the more you see it, the more it becomes ingrained in your mind about here's why I'm doing certain things.
• 22:53
  Arthi Rabikrisson: Okay, so that discipline, if you don't have that vision, it kind of feels a little bit like that punishment we were talking about earlier.
• 23:01
  Arthi Rabikrisson: Now, if you've got that vision, if you can visualize it, man, it's absolute power everyone and finally forgive yourself the stumbles.
• 23:10
  Malika Petersen: I mean, even superheroes have off days, so if you do overspend or break a habit, don't spiral, just reset.
• 23:19
  Malika Petersen: Show up tomorrow and that is really the true power.
• 23:23
  Arthi Rabikrisson: Oh, I agree.
• 23:24
  Arthi Rabikrisson: I really, really agree.
• 23:26
  Arthi Rabikrisson: This is the one that I think is sometimes the biggest stumbling block, you know you make that misstep and suddenly we throw everything out the window and we just discount all the progress we've made up until that point.
• 23:37
  Arthi Rabikrisson: Right?
• 23:37
  Arthi Rabikrisson: So I love what you're saying there.
• 23:39
  Arthi Rabikrisson: Let's show up again the next day and start again.
• 23:47
  Arthi Rabikrisson: The sun rises the next day, everyone, okay, gosh, that's been so lovely talking around all of this.
• 23:49
  Arthi Rabikrisson: I think we're actually coming to the end of our conversation, malika.
• 23:51
  Arthi Rabikrisson: Oh my god, let's go to our parting shots then.
• 23:53
  Arthi Rabikrisson: Malika, for our chat today, what's yours?
• 23:57
  Malika Petersen: so I think, for me, discipline doesn't just create wealth, right, it creates freedom.
• 24:03
  Malika Petersen: I mean, superheroes don't wait for motivation, they train through the mundane.
• 24:10
  Malika Petersen: I read this saying once that one of my favorite soccer players, cristiano Ronaldo, when asked you know what is it?
• 24:18
  Malika Petersen: You know that he hates the most about his career and he says it's difficult it's the discipline.
• 24:25
  Malika Petersen: The discipline is the most difficult thing, not only in sport but in life, and I think that's key to understanding.
• 24:33
  Malika Petersen: However, he also has a saying that the best version of yourself is a disciplined version of yourself.
• 24:40
  Malika Petersen: Right version of yourself is a disciplined version of yourself, right.
• 24:46
  Malika Petersen: So train your habits, honor your budget and let discipline unlock your destiny towards true financial independence and success.
• 24:49
  Malika Petersen: How about you at the end?
• 24:52
  Malika Petersen: What is your parting shot today?
• 24:55
  Arthi Rabikrisson: no thanks, malika.
• 24:56
  Arthi Rabikrisson: I mean I, I love what you said as well with that quote.
• 24:58
  Arthi Rabikrisson: That was was amazing.
• 24:59
  Arthi Rabikrisson: Okay, I mean, everyone, we're talking superheroes, right, but here's the truth you don't need a cape, you just need consistency.
• 25:07
  Arthi Rabikrisson: Everyone, there's different levels of perfection.
• 25:09
  Arthi Rabikrisson: We always get hung up on this, but perfection is something we strive for and we set ourselves up for failure.
• 25:14
  Arthi Rabikrisson: But actually, what we were talking about earlier those systems and being persistent, obsessive even, but at the same time being kind to yourself, to me, you know, that's what really really gets us going.
• 25:26
  Arthi Rabikrisson: So think of self-discipline as the bridge between who you are and who you are becoming in the future, so who you are now, who you're becoming in the future.
• 25:37
  Arthi Rabikrisson: So every choice, then, that you're making today plants the seeds for your financial future.
• 25:42
  Arthi Rabikrisson: And choose that, choose to be that fully enveloped superhero that you are, and making those progress steps, one at a time.
• 25:52
  Malika Petersen: So keep building that financial muscle, keep paddling beneath the surface, keep soaring to grace and remember transformation takes place.
• 26:04
  Malika Petersen: You've got this.
• 26:05
  Malika Petersen: Until next time, everyone.
• 26:08
  Arthi Rabikrisson: Those are great words.
• 26:10
  Arthi Rabikrisson: Until next time, everyone.
• 26:12
  Arthi Rabikrisson: Ciao.
• 26:16
  Malika Petersen: Thanks for joining us.
• 26:17
  Malika Petersen: We hope you found these ideas and guidance useful.
• 26:21
  Arthi Rabikrisson: We're both seasoned in the investments industry.
• 26:24
  Arthi Rabikrisson: Malika is at the coalface of how, where and why people invest the way they do.
• 26:31
  Malika Petersen: I certainly am, and you, aarti.
• 26:34
  Malika Petersen: You've witnessed different types of investor behaviors around money, too investor behaviors around money too, and now work as a global award-winning coach to free us from the mindsets that stop us from becoming financially free.
• 26:47
  Arthi Rabikrisson: Do subscribe, share and write a review or send us comments.
• 26:51
  Arthi Rabikrisson: We would love to hear from you.
• 26:53
  Arthi Rabikrisson: Catch you on the next episode of the Swan Effect podcast.
• 26:58
  Arthi Rabikrisson: Bye for now, ciao.