August is Women’s Month, a time to celebrate the strength, resilience, and achievements of women. It’s also a perfect opportunity to focus on financial empowerment. At Bayport Financial Services, we believe in the power of connections and social capital to transform lives. Here’s how you can use these tools to move closer to financial freedom.
What is social capital?
Social capital is the network of relationships and connections you build through interactions with others. These connections can help you achieve your personal and professional goals by providing access to information, opportunities, and support that might otherwise be out of reach.
How to build social capital
Networking: Attend events, join professional groups, and participate in community activities. Networking is about building meaningful relationships, not just exchanging
business cards. Every person you meet could play a role in your journey.
Mentorship: Seek mentors who can guide you based on their experiences. Mentors can offer invaluable advice, help you navigate challenges, and open doors to new opportunities.
Online presence: Your online presence is also part of your social capital. Use platforms like LinkedIn to connect with professionals in your field, share your achievements, and engage with content that aligns with your goals. For example, follow and engage with influential South African women in business to expand your network.
At Bayport, we offer financial literacy training to empower you with the knowledge to make informed decisions. By recognising the value of your connections and using them effectively, you can achieve your financial goals.