MyMoney Online, The Personal Finance series with Warren Ingram

5 most important years in anyone’s life (when it comes to investing)

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital, for his weekly personal finance feature.

Ingram discussed the following five most important years in a person’s investment career:

  • Age 24: Start saving and work on your debt plan

  • Age 45: Peak earning and reducing debts

  • Age 58: Planning for your next phase

  • Age 63: Planning your retirement career

  • Age 72: Sorting out your affairs for the next generation

Scroll down for quotes from the audio below.

The year you start working is, possibly, the most important year of your twenties.

Warren Ingram, Galileo Capital Financial Advisor

In your forties; don’t let your expenses grow along with your income.

Warren Ingram, Galileo Capital Financial Advisor

In your late fifties you need to work out how much you need to retire.

Warren Ingram, Galileo Capital Financial Advisor

It’s not great to have debt when you’re in your late fifties.

Warren Ingram, Galileo Capital Financial Advisor

Divorce and depression are common in the first year after retirement.

Warren Ingram, Galileo Capital Financial Advisor

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : 5 most important years in anyone’s life (when it comes to investing)


Recommended

by NEWSROOM AI
Read More
Know-nothing investor? Warren Buffett suggests an index fund (eg Satrix Top 40)

Know-nothing investor? Warren Buffett suggests an index fund (eg Satrix Top 40)

He famously wants his executors to invest 90% of his wife’s inheritance in an index (even though Berkshire is an active manager).

How to get rich by investing like Warren Buffett

How to get rich by investing like Warren Buffett

Financial advisor Warren Ingram discusses five aspects of Buffett’s investment philosophy that we’d all do well to emulate.

Women are better investors than men. It's a fact! Here’s why…

Women are better investors than men. It's a fact! Here’s why…

The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram (a man, if you wondered).

Investing in shares just got easier and WAY cheaper. Got R10?

Investing in shares just got easier and WAY cheaper. Got R10?

This new product enables ordinary South Africans to buy fractions of shares and accepts transactions as small as R10.

How I manage to invest a third of my income (despite earning peanuts)

How I manage to invest a third of my income (despite earning peanuts)

I earn peanuts, yet I’m slowly (but surely!) on my way towards never having to work for money ever again in my life.

How investing a third of my salary every month is making me rich (and free!)

How investing a third of my salary every month is making me rich (and free!)

A supersaver explains how she managed to invest R2.6 million and turn it into a whopping R3.7 million.

Popular articles
[LISTEN] Why is contemporary art booming in Cape Town?

[LISTEN] Why is contemporary art booming in Cape Town?

'Cape Town art eco-system is vibrant' says Mary Corrigall - Founder of Corrigall & Co

DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

'Bring back skilled engineers to Eskom' - Solidarity

'Bring back skilled engineers to Eskom' - Solidarity

Trade Union Solidarity says it supports Pravin Gordhan's idea that technicians who used to work for Eskom should be brought back.

[LISTEN] Discovery Health defends decision to shift certain ops to day hospitals

[LISTEN] Discovery Health defends decision to shift certain ops to day hospitals

Kieno Kammies speaks to Dr Ryan Noach Deputy Chief Executive at Discovery Health and Dr K who says his patients are suffering.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Eskom has warned that more power cuts can be expected as maintenance continues over the next twelve months.

How to make sure your aluminium windows are burglar-proof

How to make sure your aluminium windows are burglar-proof

Houses with aluminium window frames are urged to tighten up security as a new home invasion trend grows in the northern suburbs.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.