MyMoney Online

The heart that gives, gathers (but be careful you don't spoil the receiver)

We make a living by what we get. We make a life by what we give.

Winston S. Churchill

The Money Show's Bruce Whitfield interviewed Certified Financial Planner Barry O´Mahony for his weekly "Personal Finance" feature.

O'Mahony talked about the complexity of “giving” for individuals.

Scroll down for quotes form the audio below.

Be careful not to create a dependency. After three of four months it can already set in.

Barry O´Mahony

By giving; are you robbing people of a great moment in their lives? Are your robbing them of the opportunity to achieve by themselves?

Barry O´Mahony

They might stop trying, if they don’t have to because of what you’re giving.

Barry O´Mahony

Be careful that you don’t actually want them to be dependent on you.

Barry O´Mahony

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : The heart that gives, gathers (but be careful you don't spoil the receiver)


Recommended

by NEWSROOM AI

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
How private philanthropy can get involved in tertiary education in South Africa

How private philanthropy can get involved in tertiary education in South Africa

There are many ways philanthropists can (and do) get involved in tertiary education.

How Neil Robinson's nonprofit raked in more than R30m (and created 300+ jobs)

How Neil Robinson's nonprofit raked in more than R30m (and created 300+ jobs)

Meet Neil Robinson, the CEO of Relate Bracelets, a 100% not-for-profit social enterprise that supports more than 65 causes in SA.

Money can make you happy (especially if you give it away)

Money can make you happy (especially if you give it away)

You get what you give. It’s a fact of life. Financial Advisor Warren Ingram discusses giving back and your finances…

Meet Wendy Appelbaum, one of Africa’s richest and most giving daughters

Meet Wendy Appelbaum, one of Africa’s richest and most giving daughters

We interview one of Africa's richest people about her amazing life and her drive to make a difference by giving back.

Raymond Ackerman and his wife seen delivering self-made sarmies to firefighers

Raymond Ackerman and his wife seen delivering self-made sarmies to firefighers

Former Pick n Pay Chairperson Raymond Ackerman was spotted on Wednesday carting around trays full of self-made sandwiches.

Meet Yvonne Chaka Chaka; Princess of Africa, philanthropist, businesswoman…

Meet Yvonne Chaka Chaka; Princess of Africa, philanthropist, businesswoman…

How Yvonne Chaka Chaka became a superstar and how she’s doing well by doing good.

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

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

Stage 1 load s​hedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.

Man who dumped body of family dog in street demoted at top JHB law firm

Man who dumped body of family dog in street demoted at top JHB law firm

Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.

SPARK Schools provides Singapore-quality education for R19 400 per year

SPARK Schools provides Singapore-quality education for R19 400 per year

Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.

Get ready for another round of load shedding as Eskom workers shut down power

Get ready for another round of load shedding as Eskom workers shut down power

Eskom spokesperson Khulu Phasiwe says the power utility has instructed municipalities to implement stage one load shedding.

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

Video footage emerged on Facebook showing two fishermen brutally kicking and stabbing the animal.

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

The Springboks won a Test game against England on Saturday under the captaincy of Siya Kolisi.

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

The man has told the Sandton SPCA that he could not locate a nearby veterinary clinic in order to dispose of the dog's carcass.

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Callers on The Eusebius McKaiser Show stand behind Ashwin Willemse who walked off the Supersport Rugby set on Saturday.