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.

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Article brought to us by Old Mutual.


This article first appeared on 702 : Kulula.com founder Gidon Novick talks about his money beliefs, hopes and fears


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