In this episode, we start our discussion on the most common pitfalls that we all encounter when it comes to managing our money. I’ve dedicated the entire episode to one of the biggest pitfalls there is – financial illiteracy. To help you get to grips with the topic, I chat to certified financial planner Wynand Gouws. He works for the award-winning Gradidge Mahura Investments. It’s great to get his perspective on just how pervasive financial illiteracy really is. He works with clients from a wide range of different backgrounds and education levels – and many of them struggle with understanding the basic concepts of financial literacy. If you’re interested in reading more about the studies and reports I mention, you can find them here: http://www.brightrock.co.za/content/downloads/fsbfinancialliteracyinsa.pdf https://businesstech.co.za/news/lifestyle/665081/price-shock-for-south-africa-as-food-inflation-hits-highest-point-in-14-years/ If you’d like to get your hands on Wynand Gouws’ new book To 100 & Beyond, you can find where to buy it here: https://www.penguinrandomhouse.co.za/book/100-beyond-how-make-your-money-last-long-you-do/9781776390267 You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/inflation-and-compound-interest/ Or watch to the video version of this podcast: https://www.youtube.com/@NudgingFinancialBehaviour Special thanks to everyone who has helped put this series together: Our sponsors: IG Markets South Africa Producer: Faeron Wheeler of F Creations Music by: Neil Leachman Sound recording and mixing: Giovanni Serci of Soundcast Studios Video and editing: Kyle Wesson Hair and makeup: Ida Webster Set styling: Michelle Murray of Interiors Etc. Voice over: Sizo Mphti