Make Money Mondays

Kulula.com founder Gidon Novick talks about his money beliefs, hopes and fears

I hear the word ‘debt’ and I want to run away.

Gidon Novick

If I’m going to spend money it’s going to be on experiences, not on things. My extravagance is spending on experiences.

Gidon Novick

Comparison is the thief of joy.

Gidon Novick

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 he interviewed Lucid Ventures founder Gidon Novick.

Novick is probably most well-known as the founder of budget airline kulula.com.

He also spent a few years at Discovery as the CEO of Vitality.

In 2015 he founded Lucid Ventures to pursue his real passion – entrepreneurship.

But what is it that Novick, a Chartered Accountant and MBA graduate, believe about money?

What is it about the stuff that keeps him up at night?

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

My grandparents came into South Africa from Eastern Europe. They had absolutely nothing.

Gidon Novick

Dinner table discussions were exhausting at times, but there were real rich learnings.

Gidon Novick

When I was eight years old I was told that if my dad loses a court case we’ll lose our house and everything. I felt very vulnerable.

Gidon Novick

My first job was at the Pro Shop in Rosebank. I earned R13 per hour.

Gidon Novick

What made me think of buying African Bank?

Gidon Novick

I’ve got a retirement annuity in a low cost index tracker.

Gidon Novick

Money is a means to an end. It’s a means to freedom and choice.

Gidon Novick

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 most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Article brought to us by Old Mutual.

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
Small business guru Pavlo Phitidis gets personal, opens up about his own money

Small business guru Pavlo Phitidis gets personal, opens up about his own money

Bruce Whitfield interviews the famed entrepreneurship expert about his attitude to money (hopes, fears, successes, failures...).

Economist-superstar Dawie Roodt opens up about money

Economist-superstar Dawie Roodt opens up about money

The Money Show’s Bruce Whitfield interviews Roodt about his attitude to money (hopes and fears, successes and failures, etc.).

Arthur Goldstuck (SA’s top information tech pundit) opens up about money

Arthur Goldstuck (SA’s top information tech pundit) opens up about money

Bruce Whitfield interviews Goldstuck about his attitude to money (hopes and fears, successes and failures, etc.).

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

The Money Show's Bruce Whitfield interviews Rain Director Michael Jordaan about his money beliefs and history.

Liberty CEO Thabo Dloti opens up about money

Liberty CEO Thabo Dloti opens up about money

The Money Show's Bruce Whitfield interviews Dloti about his attitude to money (hopes and fears, successes and failures, etc.).

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

Popular articles
[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

She says President Zuma was uncomfortable with her and her decisions which saw changes to the ANC and Motsoeneng ousted.

[Watch] Payday dance: Never a dull moment in Cape Town

[Watch] Payday dance: Never a dull moment in Cape Town

Even slow-moving traffic cannot dampen the mood in Cape Town because payday came early. Watch Capetonians celebrating payday.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

Free entrance to SanParks for all South Africans

Free entrance to SanParks for all South Africans

SanParks is running a week-long campaign that affords South African residents free access to almost all 21 national parks.

Ocean View activist speaks: We have had 20 murders in 2017 alone

Ocean View activist speaks: We have had 20 murders in 2017 alone

Sharone Daniels, a community activist in Cape Town's Ocean View says they need police intervention to end gang violence.

[WATCH] Day-Zero for water running out fast approaching?

[WATCH] Day-Zero for water running out fast approaching?

A government employee emailed John Maytham about what he or she believes is the real state of play with the Cape water crisis.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.