MyMoney Online, Personal Finance with Warren Ingram, Evergreen Content

How to retire (or stop working for money) by the age of 40

Every year since 2013 Bruce Whitfield dazzles listeners with an interview of “supersaver Julia” and her personal financial advisor Warren Ingram, a regular on The Money Show.

(Read: Supersaver Julia is back! Is her - already substantial - nest egg still growing?)

Ingram gave a recap of the nine principles Julia has followed since 2007, and that has her a few short years away from never having to work for money again:

  • Have a clear goal.

  • Aim for a balance between the things you want and the things you need.

  • Focus on the long term.

  • Keep your investments simple.

  • Ignore market cycles, except to buy more when markets are falling.

  • Diversify your investments.

  • Start as early as possible.

  • Don’t give yourself excuses.

  • Stick to your savings goal – hers was 33%, but others could aim for 15%.

For more detail; listen to the interview in the audio below (and/or read “Supersaver Julia is back! Is her - already substantial - nest egg still growing?”).

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : How to retire (or stop working for money) by the age of 40


Recommended

by NEWSROOM AI
Read More
Best way to invest the jackpot if you win the lotto

Best way to invest the jackpot if you win the lotto

More than 70% of lotto winners go broke, warns Warren Ingram, a personal financial advisor at Galileo Capital.

Do-it-yourself stock picking for 1st-time small investors

Do-it-yourself stock picking for 1st-time small investors

There are dangers, but you can save money and take control. Ray White interviews Francois Strydom (Momentum Securities).

South Africa can have cheap electricity, forever! – former Eskom engineer

South Africa can have cheap electricity, forever! – former Eskom engineer

The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Supersaver Julia is back! Is her (already substantial) nest egg still growing?

Supersaver Julia is back! Is her (already substantial) nest egg still growing?

The Money Show’s Bruce Whitfield interviews Julia and her financial advisor Warren Ingram.

Supersaver Julia, investing a third of her income (since 2013)

Supersaver Julia, investing a third of her income (since 2013)

She’s been inspiring The Money Show listeners since 2013. Is she’s still keeping it up?

Popular articles
Shift to stage 2: Over 800 megawatts back on line from Cahora Bassa - Eskom

Shift to stage 2: Over 800 megawatts back on line from Cahora Bassa - Eskom

Eskom COO Jan Oberholzer predicts Stage 2 load shedding for Friday and Saturday and energy expert Chris Yelland also weighs in.

Distraught caller describes harrowing experience on Baden Powell Drive

Distraught caller describes harrowing experience on Baden Powell Drive

A CapeTalk caller explained to Lester Kiewit how he went through flames and over rocks, and debris to escape his car being stoned.

SA doctors use 3D printing in world's first ever middle ear transplant

SA doctors use 3D printing in world's first ever middle ear transplant

Thanks to the groundbreaking surgery, a 35-year-old man will hear again after his ear was completely damaged in a car crash.

DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Eskom has warned that more power cuts can be expected as maintenance continues over the next twelve months.

SA only nation capable of hosting Afcon 2019, says sports pundit

SA only nation capable of hosting Afcon 2019, says sports pundit

Safa will make a bid to host Afcon next year after Cameroon was stripped of its hosting rights over security concerns and other delays.

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.