Episode 50 - How To Have A Richer Relationship With Money - with Vix Munro
We all work hard for our money, but is our money working hard for us? In this week's show, Shaa is joined by Vix Munro, an entrepreneur, wealth coach, optimist and crypto enthusiast, to discuss the crucial topic of investing and how to make sure you're getting the best returns on the money you've earned. KEY TAKEAWAYS It's vital for people to be investing in something. Inflation is the highest it's been for ten years, and if your moneyis simply sitting in a bank account, it will literally do nothing. Your return on your investment must be higher than the rate of inflation. This means you'll be offsetting the effects of inflation as well as growing your money. The major players in the crypto market are in this for the long run. However, guidance is advised as there is a surfeit of information that leads people down the wrong paths. Crypto is not a quick way to wealth, but it should be considered as part of a longer term investment strategy. Markets ebb and flow so fluctuations are to be expected. But if we are in this for the long term, as we should be, the general trend is that you are very likely to see a good return. BEST MOMENTS 'Over time it is completely feasible to get a return of 8% to 10% on your investment' 'Fundamentally, we all need to become far more financially literate' 'Theory is one thing, but practice is entirely different' 'Do not be blindsided by promises of overnight gajillionaire status' VALUABLE RESOURCES Building A Bigger Table Podcast - https://omny.fm/shows/building-a-bigger-table ABOUT THE GUEST Vix Munro is an entrepreneur, author, money enthusiast & eternal optimist. Her background is in accountancy, economics and pricing, with a career spanning over 30 years. This includes an M.Sc. in Economics and running her own business for the last 13 of those years. Vix is passionate about money, investing, crypto and the economy. Her mission is to help women step into their financial power and become money savvy in life and in business. She believes we all have the ability to transform our money mindset, rewrite our money story and become financially empowered. And that this can be liberating, life changing and fun. Vix was born and raised in New Zealand. She arrived in London at age 23 with just £30 in her pocket and is now a multi-millionaire. She loves to travel and is looking forward to travelling again in a post-covid world. MEET YOUR HOST Hi, I’m Shaa. I’ve been called a serial entrepreneur … but I’ve never been one for labels! I’ve done SO many things in my career, including starting and scaling multiple 7 figure businesses, and am grateful for being recognised with some lovely awards - most proudly, an MBE from The Queen “for Services to Business and Entrepreneurship”. I’ve been featured in major publications for my efforts (named one of the UK’s Top 20 Most Influential Entrepreneurs by The Sunday Times and one of the ‘Most Influential Women in the UK' by the Institute of Directors), and have written 4 straight-talking, bestselling books; Stop Talking, Start Doing; Stop Talking, Start Doing Action Book, Do Less, Get More; and most recently, How To Fix Your Shi*t. WHERE TO FIND SHAA Website - https://www.shaa.com/ Facebook - https://en-gb.facebook.com/shaawasmund/ Instagram - https://www.instagram.com/shaawasmund/