Make Money Mondays

Financial educator Simon Brown comes clean about his own money habits, beliefs

I want to be able to travel more… but if I have a large cost base at home… it makes it prohibitive… Winter is coming… I want to head down to Durban, and it’s a simple process… the flat is so much easier to… look after and keep clean. There’s no maintenance to worry about…

Simon Brown, Just One Lap

My folks divorced when I was 10… My mom was 19 when I was born… We were comparatively poor… We never went to bed hungry…

Simon Brown, Just One Lap

Dimension Data, in 1987, was the first share I ever bought… I paid 5.5 cents for it… It remains my single best investment… It was pure luck…

Simon Brown, Just One Lap

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, Personal Edition” feature.

This week Whitfield interviewed Simon Brown, a financial educator at Just One Lap.

Brown is also a market commentator, trader and investor.

He writes a weekly column for Finweek and is a co-host of “The Week That Was” on BusinessDay TV.

He hosts and produces JSEDirect, a weekly podcast in which he comments on significant movements in the market and conducts interviews with notable people.

  • What does Brown believe about money?

  • Does it keep him up at night?

  • Does he save compulsively?

  • How did his childhood experiences of deprivation, or abundance, shape his views on money?

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

My uncle was rich, but bought everything with cash…

Simon Brown, Just One Lap

I always worked as a kid. I got my first job when I was six years old!

Simon Brown, Just One Lap

My wife and I took out retirement annuities when we were 24.

Simon Brown, Just One Lap

A little over 50% of my portfolio is in passive investments…

Simon Brown, Just One Lap

We hold on to losers… We sell too quick… We take advice from a random person at a bar…

Simon Brown, Just One Lap

It’s about making decisions, rather than just barrelling through and not thinking about it…

Simon Brown, Just One Lap

My biggest vice is, probably, first generation tech.

Simon Brown, Just One Lap

Life is comfortable.

Simon Brown, Just One Lap

I’m, probably, a bit of a boring penny-pincher…

Simon Brown, Just One Lap

My mother taught us we could be anything we wanted… We could also have anything we wanted, as long as we worked for it…

Simon Brown, Just One Lap

If I worked harder I could probably be better off, but there’s a balance…

Simon Brown, Just One Lap

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.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Financial educator Simon Brown comes clean about his own money habits, beliefs


Recommended

by NEWSROOM AI
Read More
Steinhoff, African Bank, Tongaat… now Omnia? Angry shareholder spills the beans

Steinhoff, African Bank, Tongaat… now Omnia? Angry shareholder spills the beans

Zwelakhe Mnguni (Benguela Global Fund Managers) suggests there is a genuine risk of another Steinhoff/Tongaat scenario.

Supersaver Julia has stopped saving. She's still R330 000 richer than a year ago

Supersaver Julia has stopped saving. She's still R330 000 richer than a year ago

Every year in July (since 2013), The Money Show’s Bruce Whitfield interviews supersaver Julia. It’s becoming harder for her.

Buying a used car: Warranties, service plans, avoiding a false sense of security

Buying a used car: Warranties, service plans, avoiding a false sense of security

The Money Show’s Brue Whitfield interviews consumer journalist Wendy Knowler.

Africa gets a common currency – the 'eco' – to be used by 385 million people

Africa gets a common currency – the 'eco' – to be used by 385 million people

How realistic is the 'eco'? The Money Show’s Bruce Whitfield interviews Ronak Gopaldas, Africa Analyst at Signal Risk.

How Stellenbosch became a breeding ground for Afrikaner billionaire businessmen

How Stellenbosch became a breeding ground for Afrikaner billionaire businessmen

The Money Show's Bruce Whitfield interviews Pieter du Toit, author of "The Stellenbosch Mafia: Inside the Billionaires' Club".

47% probability of the rand crashing in next 12 months - Rand Merchant Bank

47% probability of the rand crashing in next 12 months - Rand Merchant Bank

The writing is probably on the wall for the resurgent rand. Bruce Whitfield interviews John Cairns, a Strategist at RMB.

Popular articles
[WATCH] Here's the purported ANC letter Maimane revealed during Ramaphosa's Q&A

[WATCH] Here's the purported ANC letter Maimane revealed during Ramaphosa's Q&A

The 2014 letter on an ANC letterhead signed by then TG Zweli Mkhize thanks Bosasa's Gavin Watson for a 3 million party donation.

Lion cub worth R50k rescued from house in Cape Town

Lion cub worth R50k rescued from house in Cape Town

The feline was found by detectives at a property in Athlone on Wednesday following a tip-off.

Why City of Cape Town insists new coastal by-laws are not anti-poor

Why City of Cape Town insists new coastal by-laws are not anti-poor

Alderman Marian Nieuwoudt, Mayco Member for Spatial Planning and Environment, City of Cape Town explains.

[WATCH] Ndlovu Youth Choir shines once again with latest AGT performance

[WATCH] Ndlovu Youth Choir shines once again with latest AGT performance

The inspiring South African choirU2's Beautiful Day at America's Got Talent quarter-finals.

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).

Mystery solved: Why smelly, blue sewage has been leaking into Cape Town forest

Mystery solved: Why smelly, blue sewage has been leaking into Cape Town forest

The reason for the leakage has been revealed, explains Table Mountain Aerial Cableway MD Wahida Parker.