My daughter once told me, ‘Please dad! No more poverty stories!’— Frank Magwegwe, Momentum Retail
One of the best money decisions I’ve ever made – after being fired for drinking on the job and living in the Bloemfontein train station – was to save every cent I was earning. I would never have got to Johannesburg if I didn’t do that!— Frank Magwegwe, Momentum Retail
I’ve done well. I don’t need a bigger house; I don’t need a bigger car.— Frank Magwegwe, Momentum Retail
Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays” feature.
This week Whitfield interviewed Frank Magwegwe, Executive for the Middle Market Segment at Momentum Retail.
Magwegwe’s life story is wildly inspirational.
Scroll down for quotes from the audio below.
I was about 4-years-old, living with my aunt. I had a choice of cereals for breakfast and desert after dinner! I wondered why we didn’t have these lovely things in my own home.— Frank Magwegwe, Momentum Retail
When I was 7 years old I realised that my father held on to the money he made.— Frank Magwegwe, Momentum Retail
We never talked about money.— Frank Magwegwe, Momentum Retail
You can spend money, you can save it or you can share it.— Frank Magwegwe, Momentum Retail
Money is at the centre of our lives!— Frank Magwegwe, Momentum Retail
A lot of clients I talk to spend far more than they earn.— Frank Magwegwe, Momentum Retail
I put aside 5% of my earnings for scholarships for kids.— Frank Magwegwe, Momentum Retail
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.
A simple savings plan for people who don’t like to budget. Bruce Whitfield interviews personal finance guru Warren Ingram.
The South African billionaire has responded to reports placing him at the centre of an alleged tax evasion scheme.
The Money Show’s Bruce Whitfield interviews Certified Financial Planner Frank Magwegwe.
Momentum Retail’s Segment CEO Frank Magwegwe talks about the books that inspired him from the streets to the boardroom.
The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.
What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.
Seven suspects were arrested in Limpopo in less than 24 hours after a cash-in-transit vehicle was blown up in the province.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigative Journalist Craig McKune.
The Money Show’s Bruce Whitfield interviews Conradie for his “ShapeShifter” feature.
The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.