Streaming issues? Report here
Aubrey Masango 2019 BW
The Aubrey Masango Show
20:00 - 23:59
volume_up
volume_mute

The Aubrey Masango Show
20:00 - 23:59
Home
arrow_forward
Business
arrow_forward
Lifestyle

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

25 July 2019 8:17 PM
Tags:
Warren Ingram
The Money Show
Bruce Whitfield
Personal finance
Galileo Capital
Vestact
investing
INVEST
Julia
Supersaver
personal finances
financial advice
saving
portfolio
financial advisor
Portfolio Manager
Old Mutual Personal Finance
personal financial advisor
Bright Khumalo
Every year in July (since 2013), The Money Show’s Bruce Whitfield interviews supersaver Julia. It’s becoming harder for her.

I haven’t done anything over the last 12 months [since July 2018]... the money still grew. I didn’t add to the pot, but the pot grew.

Julia

Every year in July (since 2013) The Money Show’s Bruce Whitfield interviews supersaver Julia (and her personal finance advisor Warren Ingram).

(Click here for last year’s interview and here for all the rest.)

Julia is wildly inspirational.

When she first came on the show, she drove an old Corsa Lite (she’s since upgraded to a Toyota Etios), despite earning a massive salary (at the time it was R1 million per year!) as a corporate consultant.

Julia used to a third of her income.

I’m not very flashy… slow and steady is my style… carrying on over many years is how I’m going to be financially independent… I think... by the time I am 40…

Julia

I encourage every young person I meet to start the saving habit early… You don’t have to be fancy… you just need to be disciplined… then the power of compounding does the rest for you…

Julia

As her income has escalated, her expenses stayed the same.

She became a mother and investing so much became harder, yet she kept it up.

Since 2017, she’s avoided the JSE, focussing on offshore investments only.

Julia, so far, invested R2.2 million.

By this time last year, it grew to R4.77 million.

Today, she’s “worth” a whopping R5.1 million, even though she didn't add a cent in the past year.

Whitfield interviewed Julia, Ingram and Bright Khumalo, a portfolio manager at Vestact.

Listen to the interviews in the audio below (and scroll down for more quotes from them).

This [investing] has been tougher than other years…

Julia

That was really the key. As my salary increased every year, not to move into a larger flat or upgrading my car…

Julia

I diversified [offshore]… that helped me…

Julia

I increased it [her retirement annuity contributions] to 20% of my pensionable earnings…

Julia

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Supersaver Julia has stopped saving. She's still R330 000 richer than a year ago


25 July 2019 8:17 PM
Tags:
Warren Ingram
The Money Show
Bruce Whitfield
Personal finance
Galileo Capital
Vestact
investing
INVEST
Julia
Supersaver
personal finances
financial advice
saving
portfolio
financial advisor
Portfolio Manager
Old Mutual Personal Finance
personal financial advisor
Bright Khumalo

More from MyMoney Online

How to best save and invest for your children

20 September 2019 3:08 PM

Personal finance advisor Warren Ingram has advice for parents wanting to ensure an excellent education for their kids.

Read More arrow_forward

4 things you should never say if you want to get rich

20 September 2019 2:01 PM

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

Read More arrow_forward

Why are you still paying an advisor when your investments are not growing?

20 September 2019 1:19 PM

Should you DIY? Personal finance expert Warren Ingram answers definitively, shares tips on telling if an advisor is good or not.

Read More arrow_forward

How to buy a new car even if you don’t really have enough money for it

19 September 2019 2:26 PM

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

Read More arrow_forward

Retirement annuities – here’s what happens if your fund manager goes bankrupt

17 September 2019 3:39 PM

A lot can happen between now and your retirement date. What if your fund manager goes bust?

Read More arrow_forward

3 best JSE shares to buy, right now (according to Small Talk Daily)

17 September 2019 10:33 AM

Analyst Anthony Clark shares his stock picks of the week on Bruce Whitfield’s The Money Show.

Read More arrow_forward

What is better - money in the bank or investing in shares?

12 September 2019 11:17 AM

Personal finance expert Warren Ingram offers a definitive answer with an explanation ordinary people can understand.

Read More arrow_forward

Spock is not greedy – or fearful – when investing. Be like Spock. Here’s how…

12 September 2019 10:46 AM

Live long and prosper! Personal finance expert Warren Ingram shares four tips on successful investing.

Read More arrow_forward

Retiring in the next decade or so? Tips and tricks to apply, right now

11 September 2019 11:41 AM

Personal finance expert Warren Ingram discusses five things you should do right now if you're to retire in 10 years, or so.

Read More arrow_forward

How to ensure your broker keeps her investment fees low. A case study...

10 September 2019 10:27 AM

Personal finance advisor Warren Ingram chats to The Money Show’s Bruce Whitfield about broker fees.

Read More arrow_forward

More from Personal Finance with Warren Ingram

How to best save and invest for your children

20 September 2019 3:08 PM

Personal finance advisor Warren Ingram has advice for parents wanting to ensure an excellent education for their kids.

Read More arrow_forward

4 things you should never say if you want to get rich

20 September 2019 2:01 PM

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

Read More arrow_forward

Why are you still paying an advisor when your investments are not growing?

20 September 2019 1:19 PM

Should you DIY? Personal finance expert Warren Ingram answers definitively, shares tips on telling if an advisor is good or not.

Read More arrow_forward

Retirement annuities – here’s what happens if your fund manager goes bankrupt

17 September 2019 3:39 PM

A lot can happen between now and your retirement date. What if your fund manager goes bust?

Read More arrow_forward

10 unexpected things that most truly rich people have in common

17 September 2019 1:56 PM

Personal finance expert Warren Ingram on the money values that those "worth" R40 million or more almost invariably have in common.

Read More arrow_forward

What is better - money in the bank or investing in shares?

12 September 2019 11:17 AM

Personal finance expert Warren Ingram offers a definitive answer with an explanation ordinary people can understand.

Read More arrow_forward

Spock is not greedy – or fearful – when investing. Be like Spock. Here’s how…

12 September 2019 10:46 AM

Live long and prosper! Personal finance expert Warren Ingram shares four tips on successful investing.

Read More arrow_forward

Retiring in the next decade or so? Tips and tricks to apply, right now

11 September 2019 11:41 AM

Personal finance expert Warren Ingram discusses five things you should do right now if you're to retire in 10 years, or so.

Read More arrow_forward

How to ensure your broker keeps her investment fees low. A case study...

10 September 2019 10:27 AM

Personal finance advisor Warren Ingram chats to The Money Show’s Bruce Whitfield about broker fees.

Read More arrow_forward

How much to save for retirement (a handy guide, and easy-to-use calculator)

9 September 2019 3:45 PM

When saving for retirement; how much is enough? Here’s a quick guide. You might want to sit down for this.

Read More arrow_forward