Brave to be free

Many of us are caught up by a multitude of fears we may have – fear of failure, fear of looking like an idiot, fear of being alone etc. We need to be brave and have the courage to act, despite our fears, by always having hope – hope for something better and hope for freedom.

With the above mentioned, Gauteng Women in Insurance (GWII) invited members to an event themed "Brave to Be Free" at Hollard’s Villa Arcadia Music Room were guest speaker Lisa Linfield, Founder of Working Women’s Wealth, inspired members to unlock their financial freedom by encouraging them to be brave to be free.

Fulcrum and Hollard Insure were the main sponsors of the event and additional sponsor Cunningham Lindsey.

Bravery in the face of fear

Lisa is passionate about teaching women about money. She has set herself a personal goal to teach 1 million women about money by the time she’s 50.

"When I launched my podcast people said, ‘Well done, you are so clever!’ I can’t tell you how much that did not resonate inside me. Because there truly is nothing clever about starting a business, nor launching a podcast. There are two key ingredients: being brave and hard work. Not being clever. Being Brave. Working hard. And then being brave some more," said Linfield.

"You cannot be brave without fear. Bravery only exists in the face of fear. And when I started my business, but even more so when I started my podcast and videos, I was gripped by fear. What if no one wants to be my client? If I do get clients, will my new clients like me and respect my advice? Will people find my podcasts boring?  What happens if no one ever downloads a podcast – or they download it in the beginning out of curiosity and then never return? I’ve been a ‘senior executive’ for so long, and enjoyed the prestige and pay check – what if I never make that kind of money ever again?" Asked Linfield.

"If you want the freedom in your life you so desperately crave, you need to be brave. Then you need to work hard to achieve it. Courage takes you from fear to bravery. Courage is the ability to act despite fear. Courage gets you to make that call... to make you apply for that job. Get into a position to proactively be courageous. You need to be brave if you want to be free. Once you know the purpose of your life, investing and saving becomes easier," she said.

Unlocking your financial freedom

Linfield gave the ladies a few tips on the journey and goal to saving:

  • Set goals and a vision on how to achieve them. Write them down and visualize them. A clear vision of who, what and where. Include emotions and senses. Have meaning and hope for the future.
  • Ask yourself how badly you want something. This will identify if you want something badly enough. Is it an answer you can live with?
  • Do you know how much money you need to be financially free? Get some money from your spending account into a savings account, even if it’s a tiny little amount of money. No matter what that money is, R20, R30, whatever it is, just get into the habit of saving. The quicker you get into the habit, the quicker you’ll be able to start saving. Have a clear understanding of how much it is that you need to save. Do you know how much you need for retirement? Again, it comes down to what is your picture of retirement. If you’re wanting to retire to New York, to a nice little flat on Park Avenue, that’s a whole different amount of money than if you’re wanting to retire to a tiny little village that has lower cost of living. The easiest way to do it is to go online and work out what that amount of money is. Once you know how much money you need to save each month, then it’s easier to start that journey. The formula is to take your age and you multiply it by your household income pretax, before tax is taken off, and you divide it by 10. If you’re 40 years old and you earn R100,000, you should have four million divided by 10, which is R400,000 saved. That formula will give you a sense of where you should be now. Each of those amounts of money, if saved over time, can benefit from compound interest. So, you put in R100 and you got R10 of free money. Now that you have that R10, you earn an extra Rand on that free R10 because you get more interest the next time the interest is paid. Free money on free money is what compound interest is.
  • Work on plan b. No job is safe. You never know what the future holds for you. Every amount you make on the side can contribute to your retirement. Be your own boss. Plan b may become plan a. You have to be brave to be free.

"Money is about behavior. Learn about money in a way that works for you. Educate yourself. Know where your money is going and ask the right questions. You need to increase your chance of success by learning more. By learning more, either commit to read one blog article a week, which is three to five minutes, or listen to one podcast a week that can help you to grow your money," continued Linfield.

"In each of you there is a lioness and a warrior who has the ability to have the freedom to follow your passions and dreams," concluded Linfield.

A charitable cause

Members were asked to bring along a R50 cash donation and items including soap, deodorant, sanitary towels, body lotion, toilet paper, face clothes and toothpaste for the nominated charity, Home of Hope for Girls- an autonomous, self-started initiative to provide real care for exploited, trafficked and abused children in the city of Johannesburg.

We would like to thank each one of you for your donation. The items collected will go a long way in serving the needs of the girls at the charity.

Lucky draws

A few lucky ladies walked away with prizes donated by sponsors. We would like to thank the sponsors who contributed to the prizes.

  • Allianz spoiled one lucky lady with a bottle of French champagne along with an ice bucket, a beautiful fascinator, soft shawl and golden broach;
  • Antal International donated a silver bracelet with Swarovski crystals to the value of R800;
  • Beyonda donated a Pandora gift voucher to the value of R1500;
  • Camargue gave one lucky lady a Sorbet voucher to the value of R500;
  • Crawford & Company donated a custom handmade tree-of-life sterling silver pendant valued at R 900;
  • Constantia Insurance gave away two Bodyshop goody bags;’
  • Fulcrum donated two typo gift bags to the value of R1500 each;
  • SHA Specialist Underwriters offered one lucky lady a Mangwanani African Weekend Half Day spa voucher for two to the value of R2,398;
  • Standard Bank gave away a Carol Boyes small bowl set;
  • Tracker donated a boot organizer with cooler bag.

Thank you

GWII would like to thank the main sponsors Fulcrum and Hollard Insure, as well as additional sponsor Cunningham Lindsey, for their sponsorship and support for this event. Without them this would not have been possible.

A big thank you also goes out to Insure Group for once again sponsoring our photographer and SHA Specialist Underwriters for carrying our insurance.

And lastly, to all GWII members… despite the multitude of fears you may have remember, ‘she who is brave is free’.

Photos, sponsored by Insure Group, of Brave to Be Free can be viewed here

Watch the highlights, sponsored by Oakhurst Insurance, from the Brave to Be Free event here