Episode 20: Releasing the Vow of Perfection & paying off R500,000 (US$31,000) Debt in 2 years

In this week’s #MoneyMagic series episode, I sit down to talk to Busisiwe Hlatswayo, Head of School for Business Innovation and Technology (BIT) at AFDA Johannesburg.

 

To be honest, I have no clue how to describe this interview because it took on a life of its own (as most of my interviews do) and goes so deep into various aspects of money - we discuss entrepreneurship, failing in our first businesses, the shame that comes with failure as an entrepreneur, loyalty to family, paying off debt, releasing the vow of perfection and having a business breakthrough.

 

Let me start by saying Busi is doing incredible work in the entrepreneurship space with undergraduates in AFDA and I was lucky enough to be invited to evaluate the students on their business plans a few weeks ago, so I’ve been able to see her work upfront and personal.

 

Busi joined the #MoneyMagic course in September 2018; she was R700,000 in debt and explained to us that one of her biggest issues was that even though she’d gotten promoted often, had a BCom Degree and an MBA she’d never been the head of a department and also struggled to build a consistent stream of income in her business.

 

One of her first breakthroughs, when she started the course, was getting her job at AFDA and being made Head of Department. Yay!!

 

In this interview, she shares a lot about how the vow of perfection and her vow of loyalty to her family kept her in debt. A part of her wanted to get out of debt, but the other part of her didn’t feel safe getting rid of debt and these 2 parts would go toward with each other, which would lead to self-sabotage.

 

Busi explains how healing her trauma completely transformed her relationship with money and how she has paid off R500,000 (US$31,000) in the last 2 years and will be debt-free by next year (2021) and how she’s also had a business breakthrough by just learning to let go.

 

You really don’t want to miss this interview, get your pen and journal, your cup of tea and click play on the video below and when you’ve reflected, please leave us a note in the comments section below.

 

If this resonated with you and you are done working hard but not seeing the financial results of your work, then I invite you to check out and register for the Money Magic course.

Click here to register/ sign up for the wait list for the Money Magic Course.

 

You can also download the free eBook here:  weathy-money.com/workbook