Esther is on a journey to financial freedom by building her investment portfolio one step at a time. Personal finance is personal and everyone will have a slightly different way to achieve their financial goals. In this episode,  Ess talks about how she teaches her children about money and saving, cutting discretionary spending all she can and now looking to increasing her family income, how she takes the lead in managing her family's finance, dividends and much more. Please enjoy! Join us...

The Finance Ghost was a guest on the podcast in the very first season where we spoke about dividends, an important part of a diversified investment strategy. This season he is back to speak about his personal experience as an entrepreneur, husband and father. In this episode we cover entrepreneurship and some of the non financial benefits derived from being an entrepreneur; transitioning from a corporate employee to self employed; having no retirement savings; being liquid debt free; and how...

This week's guest is a loyal fan of the show. Francis, like many of us, did not learn how to manage money as a child or young adult. He grew up in a cash based economy where debt was seen as something to be avoided at all costs. Despite not being exposed to personal finance principles at a young age, Francis has spent the last 10 years learning all he can by reading books, listening to podcasts and having a meeting with a financial planner. In this episode, we touch on all the lessons...

Judith was a high earning corporate employee until three maternity leave periods away from work reduced her income at the very moment her family expenses were increasing with three new mouths to feed. Needing a bigger house and car, the family took out a loan. And with the escalating costs of a house build, they had to take out more debt and personal loans to cover the gap between income and expenses. Judith and her family now manage their budget very closely and have a clear plan to pay...

Alex, an airline pilot for South African Airways, who was retrenched during Covid, shares how he and his family cut their budget and turned to entrepreneurship to bounce back financially. Alex went from being a high earning pilot to needing to figure out a way to put bread on the table in the space of a few weeks. To make things even tougher, he did not have an emergency fund. Alex candidly shares lessons from his personal finance journey in this episode. One of the highlights of this...

Alex (not his real name) has pre-teen children and recently moved his family from Johannesburg to Cape Town to take up a new career opportunity. He reveals the unexpected costs involved and lessons learned from this experience. Alex has his personal finances pretty much on track, but he has made a few mistakes along the way. He talks about how he learned about personal finance much later in life and some of the mistakes he’s made. Join us on Twitter for real conversations about family...

Queen has been married to Refliwe for 6 years. They do not have children and do not plan to have any, but they are still a family. In this episode, Queen talks about how she and Refilwe manage money in their relationship. They love to eat out and Queen has a great tip on how they do more of this, while sticking to their budget. She also has profound insights on how to live within your means and to always remember the life you have now was one that you probably once only dreamed of. Take some...

Instead of hearing from experts like in previous seasons of the show, this season you will hear from a different family every week. We hope that by hearing how people like you manage their money, money will become less intimidating, simpler and more transparent. As always, our intention with the show is to help families make a few better financial decisions and thereby improve their futures. Don’t forget about our library of previous episodes on topics ranging from retirement to compound...

At the end of each episode in season 2, we ask our guests what one piece of financial advice they want to pass on to the next generation. Here is their collective wisdom from 12 shows this year. A special thanks to Elevate and to the following guests in season 2: Manoka Mathye | S2 EP12 - Increasing Your Income as an Employee Matan Abraham | S2 EP1 - Common Insurance Pitfalls Stacy Hart | S2 EP5 - Tips on Personal Finance Wisani Shilumani | S2 EP3 - What’s My Net Worth? Judith Ndaba | S2 EP7...

If you are employed and want to advance your career and earn a higher income, Manoka Mathye has 7 simple steps for you to follow. Manoka is a chartered accountant and senior manager in external audit at a large audit firm by day and a career coach by night. She has also developed a loyal following through her #YourCorporateHustle Twitter spaces. In this episode we cover 7 steps to increase your income as an employee, negotiating pay increases and bonuses, the gender pay gap and much...

Warren Ingram is back on the show, this time to talk about his new book “Global investing made easy”. If you’ve always wanted to invest internationally but don’t know where to start, Warren gives guidance in simple language.  We cover some important principles such as risk and diversification, how to start building a global portfolio, how to achieve the right balance and what shares to get started with.  You can find Warren’s book online, on Kindle or in all major bookstores. Join us on...

If you have ever tried to choose a medical aid scheme or even a plan within a scheme you will know how hard it is to compare your options and choose the best plan for you and your dependents. Hospital plans, gap cover, medical aid savings, day to day benefits - the options are difficult to understand! Barry Childs, the joint CEO at Insight Actuaries, tells us the best tool we have to help us choose the right plan is by asking plenty of questions. For additional information, read this...

Sipho Nkosi is the Chair of Sasol, a director at Sanlam, and co-founder and chair of investment holding company Talent10. He was one of the founders and CEO of Eyesizwe Coal which later became Exxaro Resources.  Sipho, most impressively to me, is a self-made man and someone who has achieved all this with the odds heavily stacked against him. He grew up in rural KwaZulu-Natal with only a basic primary education. Despite this, and with no special resources or opportunities, he invested his...

In this wide-ranging conversation economist and futurist, Bronwyn Williams talks about macro trends, businesses that solve the biggest human problems, financial freedom, the future of education for our children, and a fascinating view on the impact and implications of cryptocurrencies.  A recurring theme, which stood out for me was the importance, especially in South Africa, of being self-sufficient - both in the sense of being financially independent as well as not being dependent on an...

Have you ever considered how your physical, mental, and financial health are all connected? Judith Ndaba from Elevate Life joins us to explain how we need to take care of all aspects of our health in order to live a long and prosperous life. If you, like me, want to live a better quality and longer life, we need to make sure we are physically, mentally, and financially healthy. Judith also explains how important data is in helping us make better decisions. Good information shows us our blind...

Patrick McKay  shares how he achieved financial freedom by saving 50% of his salary for 17 years. While 50% may seem impossible, anyone regardless of income can achieve financial freedom because it is about living within your means. If you save less than 50% of your income, you may still achieve financial freedom, it will just take a little longer. In this episode, we learn what mistakes Patrick made along the way, how his life changed after achieving financial independence, and the...

We turned the tables for this episode and Stacy Hart, a young female entrepreneur from Cape Town, interviews Diana Granoux about how she manages her personal and business finances. A fun and enlightening conversation about aggressive authenticity, budgeting for light bulbs, fruit baskets, credit cards and more! Find Stacy on TikTok and Instagram: @bosslady_cpt Join us on twitter for real conversations about family...

We all pay tax in one form or another. Tax guru, Andre Bothma, gives us guidance on tax and trusts for families.  We cover topics such as tax benefits for families and spouses, the role trusts can play in estate planning, the maintenance exemption in the tax act and how this can be used to make small donations to your children in the form of a tax free savings account.  Andre also tells us how he and his wife manage their family finances in a collective and transparent way.  Join us on...

We’ve all heard of net worth, but what is it and why does it matter? Wisani Shilumani joins us to explain why high income individuals are not necessarily high net worth individuals.  Wisani is a developer who created the free app, Simfolio, which helps you track and project your net worth over time. Find Simfolio on Apple and Google Play.  Join us on twitter for real conversations about family...

If you’re considering investing offshore, this episode is essential listening. Pinky Sithole gives us all the basic information we need to get started.  It is important to start with a solid financial plan that answers two important questions: What do you want to achieve, and how can offshore investing help you achieve your goals?              We talk about how a new investor can get started with investing offshore, how to open a brokerage account and keep costs low, and what shares to buy....

The true test of an insurance provider comes not when you take out the policy, but when it comes time to claim. In this episode we ask Matan Abraham how to avoid problems in the claim stage. He also explains the link between healthy finances and longevity! Everyone sees risk differently and has different circumstances and so there is no “one size fits all” method for determining how much cover you need.  Remember that it is very important to review your policy regularly as your...

At the end of each episode, we ask our guests what the one piece of financial advice they want to pass on to their children is. Here is their collective wisdom from 18 shows this year. We will be taking a break from recording and publishing, but there are 53 episodes in the library to catch up on. See you soon! This is the 53rd episode of the family finance show. We have published one episode a week for the last year. I started this podcast because I wanted to help families make better...

In this episode, we discuss a question many families have likely asked themselves: “What happens if one person gives up their job to manage the household?”  This is not a decision to be taken lightly and Warren Ingram answers a listener’s questions on the topic:  Should the working spouse pay the non-working spouse a stipend and contribute to their pension fund? How should the couple deal with the emotional aspects of this decision? What should be documented? Join us on twitter for real...

We all want a brighter future for ourselves and our children. Part of creating this future is changing our investment habits. It is no longer enough just to look at a company’s financial performance, we need to look at whether they contribute to climate change, their environmental impact, labour practices and governance.  By investing in companies that make a positive impact on the planet, and by asking our pension fund administrators to do the same, we can create a future we want to live...