In spite of this entire environment of the virus and lockdown and what not – can you determine focus? I think it’s important to have good people around you who give you solid, sound advice, and I think it’s important to listen and be conscious of yourself and of what’s going around you. I think you can easily get caught up in your own day to day things, but I think listening to what’s going around with you and actually understanding what’s important, what’s not, and not actually listening to every single thing, but being very clear about filtering what’s important and what’s not.

It’s not an easy exercise to do, but it’s important to actually realize what’s critical, what’s essential, and then what’s important and then what’s desirable. If you can distinguish that and to keep that focus.

So for each type of category that I’m working on, I then have different levels of those. So in business, there are certain things which are critical. Some are essential, some are important, some are desirable. If you’ve actually managed to keep up with most of the critical ones, for example, then you can start focusing on other things which are essential.

Once you’ve ticked off your essential list, sometimes it’s never ending, really. Sometimes then you can move on to important. Then sometimes there are things which are desirable as well. And the question is, for most of us, we probably want to just do things which are desirable because the fund wants. And the question is balancing out what’s desirable the other three in a way that gets your results?

So everything about my work is very interesting. Even the things I don’t like doing, which are critical, I find a challenge as well. So I find the fun and the work is done. Okay, so we’ve got this situation interest rates. If you look at the fact that the interest rate has gone up, whether it’s 0.1% or not, it has gone up, and you said in your introduction that it’s somewhat indicative of what’s going to happen.

What does this slight increase in interest rates mean?

So if I was to send out a message to the market to say we are potentially serious about doing something in this direction, but we want you to start realizing and putting in necessary measures, protocols, measures, whatever, to implement whatever you need before it gets to a stage where it might become doable. So it gives people least warning signs.

So if you want to look at it from a risk point of view, then I would say it’s an indicator. You can either choose to look at it from a risk point of view, or you can look at it just as something that’s been done. But I think it’s better to look at it from a risk point of view, because if it does affect you financially and it is an indication that telling you, well, this is the way things are going to go now.

So you better start organizing yourself consolidating or structuring your finances as a Corporation conglomerate or as an individual, then I think it’s better to look at it in that particular way, and then you can be at least comprehensive in your planning decisions going forward. And if things don’t get their way for every reason, somehow there’s a miracle and inflation suddenly goes down and there’s like something drastic happens that we weren’t expecting. Yeah, there’s a global change.

The slight change in interest is also a good indication that there could be further increases in interest rates in the near future as it is important to note that as inflation has seen surges over the last few months, people are finding it difficult to adapt to the changes in the market as other factors are staying constant so the rise in interest rates will be a tool used by the government to maintain inflation. This also could mean a rise in the cost of peoples mortgages as you will be required to pay more interest back if you are on a variable plan and therefore more repossessions so if you are one of those individuals and you feel you may get affected by these changes, do feel free to call us. We will give you a free confidential consultation. That’s right, FREE!