Every July, many South Africans unknowingly enter what is officially known as National Savings Month. The campaign that established this awareness month aims to challenge consumers, to strive towards living within their means, and to reinforce positive financial behavior. Last year, the South African Savings Institute (SASI) revealed that almost 70% of South Africans are not saving and that many others who were saving, started too late. Naturally, 2020 has been a bit of a curveball for everyone, and if there ever was a time to take saving seriously, that time would be now.
The past 6 months have shown us all just how suddenly life can change and has made it abundantly clear that rainy days are not just metaphorical speak, but are as real as the days of the week. However, many of us face a serious mental barrier when we hear the term ‘savings’. We associate it with sacrifice and not with gain. Perhaps, the way forward that would change our relationship with savings, would be to completely relook at the concept altogether. We need to change the narrative that savings entails sacrifice, but rather – that it empowers us to be financially free.
Needs-matched life insurer BrightRock’s Change Exchange platform has shared Ben Karpinski’s journey to on how he stared planning for financial freedom. Ben’s journey will provide you with some amazing insights that will have you believing Demi Demi’s wise words that “tough times never last – only tough people do.”
How I’m Learning To Play The Long Game Of Financial Freedom By Ben Karpinski
You don’t need to be super-rich to be financially free, but you do need to work hard and broaden your horizons to make that dream come true
When you’re a kid, you have a wonderful outlook on the world. By wonderful, I mean simplistic. You don’t have to worry much about money or try to understand the concept of financial freedom.
It’s only when you get older, when you have a job and a home and a family to raise, that you start thinking – and worrying – about these things.
We’re told that only the super-rich are truly financially free in this day and age. You need to own properties, run businesses, have passive income streams, share portfolios, and savings accounts. Your money needs to work as hard as you do. Only then can you enjoy financial freedom.
When I left the corporate world to start my career in sporting content creation, I never thought much about financial freedom. I was told I would struggle, and would never be ‘financially free’ by following my passion and creating a career for myself.
But I went ahead and did it anyway. I got to know what I was capable of earning, and what I needed to spend to live the way I wanted. I wasn’t looking to buy the fancy car, a big house, or a holiday home.
The idea of having kids also never appealed to me. I like to travel, and I like discovering new things. Each day I work towards a better tomorrow, the one I have resources for.
Financial freedom is a long game. But I know I can win it because I’m playing it in line with who I am and what I want to achieve in life. My career has gone from strength to strength, and there aren’t a great many things that I want for.
There will be in future, but then it is up to me to adapt my career accordingly. I recently channelled my skills to become a partner and creative director in a creative sports agency. It is more work, but still enough to ensure my life has balance and the time to focus on other creative outlets.
I get to enjoy life, and I look forward to how things are going to play out from here. And the more I work on how that unfolds, the greater my chance of attaining that ultimate goal of financial freedom.
This press release was provided by Brightrock