I still drive an Etios and my husband still drives my old Corsa Lite.
— Julia
My goal is to be financially independent at 45.
— Julia
Julia started investing in 2007 with a R60 000 lump sum.
At that time she committed to investing a third of her income each and every month.
She kept it up through the financial crisis and benefitted from the biggest market recovery of our lifetimes.
She returned to Bruce Whitfield’s The Money Show a year after she was last interviewed.
Her financial advisor – Galileo Capital’s Warren Ingram – analysed what she has done and achieved.
Ingram also gave some guidance on how to pool savings, investments and financial responsibility (or not!) after marriage.
Scroll down for quotes from the audio below.
My aunt was living such a great life, travelling around. She retired at 50.
— Julia
2008 was a scary time. I probably invested less than a third. But Warren said continue investing.
— Julia
We still have the discipline of saving and investing. Not at the same rate as before though.
— Julia
I earn R1.2 million per year.
— Julia
This time last year I had R3.8 million invested. I’ve added R122 000 to that amount.
— Julia
Your money doubles every five years, on average, in the stock market. She’ll have R80 million in 30 years, even if she doesn’t invest another cent.
— Warren Ingram, Galileo Capital Financial Advisor
I want to pay off my house in, maybe, five years.
— Julia
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.
CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.
However, we will NOT condone the following:
- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.
We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.
We strive to make the CapeTalk community a safe and welcoming space for all.
CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.
Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.
CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.
Read More
I earn peanuts, yet I’m slowly (but surely!) on my way towards never having to work for money ever again in my life.
A supersaver explains how she managed to invest R2.6 million and turn it into a whopping R3.7 million.
Fund managers do from time to time go bankrupt. Here’s what’ll happen to your Retirement Annuity if yours does…
702/Capetalk's Kabous le Roux shares 13 thoughts he has on being less materialistic and living the good life right here right now.
Is there a single best way to build your wealth so you can retire with dignity? Yes, there is, despite costs and limitations.
How to protect your wealth should the JSE start to weaken...
Many people falsely believe they do not have to save for retirement because they own the home they live in.
4 popular, yet patently false, beliefs about stock market investing that's holding you back.
Popular articles
Dr Eve advises that many modern couples need marriage to be a safe space for self-expression and self-actualisation.
AfriForum not backing down over decision to privately prosecute Julius Malema.
EWN's Mandy Weiner describes an eyewitness account of one of the two shootings on Johannesburg's highways on Wednesday.
Climate expert, Piotr Wolski, says the city will know towards the end of May whether 2018 is a good or bad year.
The Presidency has now officially withdrawn its application for leave to appeal the personal costs order against Jacob Zuma.
Government has put plans in place to prevent the Misverstand Dam from running dry in a week's time.
She faces ongoing complaints from rivals about having an "unfair advantage" on the track, but how fair is this proposed IAAF rule?