Page 22 - Waterfall City Issue 3 March 2024

Waterfall City Finance

FIX YOUR

MONEY MINDSET

How to improve your relationship with your finances.

By Nirdev Desai, Head of Sales, PSG Wealth

‘F inancial freedom’ is often Author and philosopher, Ayn Rand

touted as a universal goal
put it this way: “Money is only a
worth aspiring to. The
reality, however, is that
what financial freedom really means tool. It will take you wherever you
wish, but it will not replace you as
is fairly relative. To some, it means the driver.” As we know, becoming
being debt-free, and to others, it a responsible driver who can make
means having enough disposable informed decisions and sound
income to cover unexpected judgments takes practice and
events and life circumstances. guidance.
Defining what financial freedom
means to you is arguably the most In this regard, financial planners can
important step towards developing provide invaluable advice that can
a healthy relationship with money. Nirdev Desai, Head of Sales ultimately help co-craft your financial
plan to suit your specific needs.
There is no clear connection between having money and
being happy. Examples of this abound, including the stories More often than not, those who have not reached a place of
of people who report to have won the lottery, only to be financial stability, experience fear around making enough
met with tragic consequences and emotional damage. It’s money. On the other hand, those with money seem to fear
important, therefore, not to see money as an end in itself losing what they have. Ironically, both these scenarios tend to
but as a means to an end – and to realise that you are the drive behaviour that leans towards ‘stashing money under a
determinant of how those ‘ends’ will be defined. mattress,’ rather than putting money to work for you.

20 Waterfall City Issue 3 2024