F for Financial Freedom F for Financial Freedom

How do you measure success? Is it through money, is it by reaching a certain number of followers? Success is a very complex term. In today's episode, we have Faisal Sajwani, a career entrepreneur and life coach who has written renowned articles on success, discussing, and how to achieve your lofty success goals.

Key takeaway


Your metric of success may vary from what most people do; however, the key is a consistency in your craft that will make you success regardless of the metric used.
Put positive energy into the world, and it will come back to you
Don't let a financial point be the driver or end goal for your success. Consider things like leaving an impact on the world. Money should be the side effect

Let's face it; personal finance is boring. It's not the most exciting topic in the world, but what if I told you we could make it more entertaining. Visa is one of the leaders in creating gamified financial learning content, and we have the country manager of Visa in Bahrain Malak to walk us through how Visa is making learning about  money more interesting

Here's what to bear in mind: 


So many resources are available free of charge to allow us to become more financial literate
Learning about money doesn't have to be boring. There are so many fun and educational ways to learn about money outside of reading encyclopedias.
Financial conversations should evolve as we get older

Investing is complicated; however, we want to break it down nicely and simply. We talk with Morgan Newman today about how you can get started with your investment journey. She also highlights how investing can help you build your retirement plan and line you up for financial freedom.

Here's what you want to bear in mind:


Advisors help you manage your finances when you don’t have the time to. We can use Robo advisors and apps to make these decisions for us and make our lives easier.
If it looks too good to be true, it probably is; investing is very risky, DO YOUR RESEARCH!
Have 3-6 months of spending tucked away for a rainy day
Some assets are illiquid, so be careful when choosing to invest
Start planning for your retirement early, dedicate a specific amount from your monthly salary, 1% at a time.

What makes a good investment? How long should you be looking to invest? What investments are available to me? So many questions and we have all the answers. We discuss this with Morgan Newman, the Director of Investments at Oppenheimer and Co on this.

Here's what to bear in mind:


There are so many different investment opportunities outside of stocks and bonds; you can invest in pokemon cards and other collectibles.
Investing can be challenging; maybe look into a mutual fund.
Diversify, don’t put all your eggs in one basket.
Everyone has different risk profiles, don’t just ride the wave, know what you’re comfortable with, and invest your money there.
Investing should be long-term.

Fintech is a large area of work and involves a lot of parts, including accelerators and incubators. Jonathan Paulson, from Startupbootcamp Fintech, tells us about how his program operates and how you can innovate through this quarantine period.

Here's what you want to take note of: 


There is always room for innovation. Despite the circumstances being negative, there is still a way to innovate and develop something.
Don't be afraid to reach out and look for connections that can help you get your startup running.

Startups face many problems, and most people don't know how to navigate these problems. Jonathan walks us through some of these problems and the best ways to set up your startup to guarantee success.

Here's what you want to bear in mind.


Just DO IT. You can't have 100% perfection. Start with 75% down and worry about the other 25% later.
Make sure your idea solves a problem and has the potential to scale into other countries.
Don't steal ideas because you saw them work on Dragons Den; they won't always translate into success in your region.