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Clarity

Paul Roux

Cape Town, South Africa

Financial Coach | Entrepreneur | Long-term Investor| Recovering perfectionist & Aspiring "Good-Enoughist"

$2.00/min

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Debt Elimination

I will explain the role our own behaviour has in debt management and provide a more effective technique in paying off your debt quicker and more effectively. Freedom awaits. Benefits include renewed motivation to pay off your debts. Opportunity to be free from burden of debt. Provide a boost in your self-esteem and renewed purpose for what's important to you.

Building a Solid Financial Foundation

Our financial success will be determined by how well we manage our money and our ability to withstand the unforeseen events that life throws at us. I will help you build a solid financial foundation that will set you up for financial success. Let the empowerment begin. Benefits include a boost in your self-confidence, provide an opportunity for you start going after your own dreams now that your foundation is solid. A renewed purpose and belonging.

Investment Coaching

Provide coaching around investing for your financial future. Guide you around how our own behaviour and worldviews play a part in our investment decisions. Give you clarity and direction on what the investments are that serve your best interests. Benefits include increased confidence, a boost in your self-esteem and to sleep better at night.

Money Mindset Upgrade

Your own mindset will have more influence on your money decisions than anything else. Let me help you upgrade your mindset so you can make sound financial decisions and set you up for financial success. You will feel empowered and and excited about your future. You are going to know a new freedom and a new happiness. The best is yet to come

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Paul Roux answered

How to spend my money wisely?

When it comes to spending money, we need to distinguish between what we NEED and what we WANT. Spending our money on what we need is first priority, e.g. rent, food, transportation. We also do need clothing but we can so easily move into a space where we want a particular item versus actually needing it.

To be fair, there is nothing wrong with going after what we want and desiring more BUT it must fit within our financial budget. Practicing humility and self-discipline is important.

Just make sure your financial foundations are in place. Spend less than you earn. Save and invest as frequently as you can. If in debt, focus on paying this off immediately. After that if you have the cash and can afford that new iMac or pair of shoes. Go wild. Get it! knowing that your basic needs are already taken care, your debt free, you have saved for a rainy day and your investing for your future.

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Finance

Paul Roux answered

I'm in debt. How do I get out?

Do you enjoy what your doing? I know you inherited this business but is it something you want to do or do you feel obligated to keep the business going?

Answering these questions is a good place to start as your WHY needs to be identified and its your WHY that's going to carry you through especially through the difficult times.

If you are passionate about this business and want it to succeed you should look at increasing your income as much as possible and reducing expenses. I know some businesses have sold their offices or cancelled their rentals to save money as they will provide online consultancy going forward.

Paying off debt is always more effective if you approach it from a behavioral point of view. Pay off the smallest debt first and then move to the next smallest and so on. Once the debt is gone, take its payment apply it to the next debt. The payments will get bigger as you go along.

Good luck. Certainly contact me if you need financial coaching. Just focus on what you really want out of life first. Your plan will evolve from there.

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Finance

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Commercial Banking

Paul Roux answered

What advice would you give to a strong minded person. Who sees herself as a sucessful individual with life goals. But doesnt know where to start.

Best place to start is your WHY. Your why represents your purpose and what makes you get out of bed in the morning. It gives you endurance during the difficult times because you have a higher motivation that's not linked to a paycheck. Yes earning money is great but your why is more important than that. It transcends worldly things and is a much deeper part of you.

Some great questions to ask yourself is:
1. What are you good at? natural or learnt abilities.
2. Do you lose track of time when you do a particular task? is there a career in this?
3. What breaks your heart in the world?
4. What have people complimented you on about your personality that could be used in a career? E.g. Teachers require alot of patience

Definitely ask your friends and family what they think you are good at and what stands out for them about you. You could get some valuable insight from this.

Best of luck!

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