Who is Sara Savalaxs, could you please introduce yourself?
My name is Sara. I am a wife and mother of two.
What is your business and when did you start?
I started my coaching business in 2016. I started it off as a Life Coaching and Executive Coaching business. In 2017, I transformed it to investment training after realizing that many of my clients were struggling with financial security as they put financial control into the hands of their husbands. Later, I met with a former fund manager and we co-founded a portfolio investment consultancy firm, aiming to help minority access to investment excellence.
What inspired you to start your business?
Initially, I started my investment journey for myself and my family. I wasn’t happy with my high pay job as a Nuclear Engineer. I really wish that my kids can work for their passion instead of only for money security. I started to research the best ways of making money which led me to long term investing. I went back to university again to gain investment knowledge as there wasn’t any one stop shop to learn. 12 years after, I have a training program with my kids in mind – I want them to learn from the best teacher (their mom). Financial Peace and Freedom Bootcamp is the one stop-shop investment program that I poured my love into, which is my business.
What were the challenges in the initial stages of your business and how did you overcome them?
I must admit that coming from an awarding winning Nuclear Engineer career with a PhD, I had a huge ego trap. It was very hard for me to let that identity go and have no job identity for a while. Many times, I wanted to go back to my 9-5 job, where the lifestyle was easy, if not the job itself. I had a boss. I had a schedule and deadlines that were set for me. Entreprenuerial journey was hard and all over the place. To overcome my ego trap problem, I had to be persistant. Also practising Vippssana Meditation to be more in the present moment helped. It is a life time journey.
What motivates you about your business?
The results of my clients motivate me. It’s also the conviction in knowing that the investment skill is one of the most important skills that people should have when they are part of a capitalist society.
What advice would you give to other entrepreneurs?
Be present and focus on the journey. It is still the same advice I give for myself too.
Interesting fact most of the people do not know about you?
Hmm, This is a difficult one! Maybe I am a slow learner and have a hard time understanding new concepts. People think that by being a nuclear engineer I must be smart. I am not sure about that but it took a lot of work for me to understand the subjects. But because of being a slow learner, I realize later that it makes me a good teacher.
The best business advice I ever received was…
Do not plan more than 2 weeks when you started. As engineer, I was very good with planning, organization, and discipline. However, those qualities work against me as an entreprenuer because when I start something new, I wouldn’t know how long it would take, and I’d set unrealistic goals which would give me anxiety.
My definition of success is…
when I feel peaceful, content and joyful in my day.
If I could go back in time when I started my business, I would tell myself to…
be patient and trust in God and process.
Three books I recommend for entrepreneurs are…
The Power of Now by Eckhart Tolle
The Sovereign Individual by James Dale Davison & Lord William Ree-Mogg
Rework by Jason Fried & David Heinemeier
My personal tagline is…
“That which does not kill us makes us stronger.” – Friedrich Nietzsche