Reabetswe Shongwe helps South Africans to survive during Recession
My advice to women seeking financial freedom is that they should educate themselves about financial literacy because this is something we were not taught in school.
Reabetswe Shongwe went from being a low paid sales assistant in the fashion retail industry to becoming a successful entrepreneur through financial market & property.
Shongwe’s story may inspire many as her journey to becoming a successful financial market trader and entrepreneur began with her quest for financial freedom.
Born in Botswana, Shongwe came from a modest middle-class family who was fortunate enough to be granted a comfortable life with her basic needs seen to.
Shongwe was raised in South Africa and pursued a job at a leading international fashion retail house, Michael Kors at the Mall of Africa in Midrand where she worked for 3 months as a sales assistant.
It was during this time that she became exposed to the financial market and entrepreneurship.
She then decided to give up her retail job at the fashion powerhouse and this decision changed her fate.
Shonge joined Women in Financial-Market and Entrepreneurship (W.I.F.E) which is a division under wealth creation organization, Trade4Africa.
“The turning point was when I realised that, I am helping build someone’s dream instead of my own, working overtime just so I can make more money. With the personality and skills I have, I believed that it was not meant for retail,” Shongwe says.
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She says that since she left her retail job, she’s been able to focus on her goals.
“I had the freedom to focus on achieving all my goals, my biggest priority was to educate myself on how I can create financial freedom and also empower other women to do the same, to create a wealth generation cycle,” the trader said.
Shongwe says that W.I.F.E has taught her how to become financially independent.
This also provided her with the capital injection she needed to found her own business and long-term investments such as property.
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In 9 months alone, Shongwe says she made over R367 000 in profits from Financial Market and through properties.
When asked what advice she would give other aspiring women who are seeking financial freedom, Shongwe said,“My advice to women seeking financial freedom is that they should educate themselves about financial literacy because this is something we were not taught in school.
“Women should also not allow their circumstances to stop them from achieving their goals. It is very important to believe in yourself and never give up because you are never too young to build an empire and you are never too old to start a new dream.”
The economy always has and always will have its ups and downs. It’s easy to coast through the good times, but how do you come out of the tough times unscathed?By preparing adequately, cutting costs, and making sure you still have some income coming in, you can emerge out of a recession just as strong as you were before it?
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Take a look at Shongwe’s tips on how to prepare for Recession:
- Â Create an emergency fund.
- Â Pay off debt.Â
- Â Create additional income streams.Â
- Â Diversify your investments.Â
Surviving a Recession
- Â Talk it over.
- Â Reduce expenses.
- Â Keep the money flowing in.
- Â Keep saving.
- Â Enjoy life.Â
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