In this episode, Warren Ingram and Pieter de Villiers discuss the challenges of saving money and the importance of increasing income through various means. They explore the significance of a conscious spending plan, the potential of side hustles, and the critical role of mindset and attitude in career growth.

Takeaways

• Cutting expenses can only go so far.
• A conscious spending plan is essential.
• Increasing income is a viable option.
• Upskilling can enhance earning potential.
• Side hustles can provide additional income.
• Creativity is key in finding income opportunities.
• Your attitude can significantly impact your career.
• Resilience is crucial in overcoming challenges.
• Viewing problems as opportunities can lead to success.
• Hard work and determination are necessary for growth.

Learn more about 10X Investments here.

Send us a text

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

In this episode of Honest Money, Warren Ingram and Rupert Hare, Head of Multi-Asset at Prescient, discuss the current state of global markets amidst political uncertainty and economic shifts. They explore historical parallels, the importance of valuations, and the need for diversification in investment strategies. The conversation highlights opportunities in fixed income, the rise of Japan as a market to watch, and the potential in South Africa despite its challenges.

Takeaways

• Valuations always count. They always, always count.
• You get paid to take risk in investments.
• Bonds are offering such good yields.
• Diversification literally is the only free lunch in investing.
• We're seeing a structural shift in Japan.
• Investors should look at South Africa more objectively.
• It's important to remain objective.
• You can get exposure to all of these asset classes at extremely low cost.

Learn more on how Prescient Investment Management can help you here.

Send us a text

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

In this episode, Warren Ingram and Pieter de Villiers discuss the critical question of how much one should save each month. They explore the balance between saving and investing, the extremes of the FIRE movement, and the importance of finding a personal savings percentage that aligns with individual lifestyle choices. The discussion emphasizes the need for purpose in retirement and the importance of balancing current living with future savings.

Takeaways

• Saving is essential, but it should be balanced with living.
• Understanding your desired lifestyle is crucial for saving decisions.
• Saving is different from investing; both are necessary.
• The FIRE movement promotes extreme frugality for early retirement.
• Aiming to save 15% of your income is a good starting point.
• Finding purpose in life is key to happiness in retirement.
• It's important to enjoy life while saving for the future.
• You can't help others if you're financially struggling yourself.
• Start saving, even if it's a small amount; habits matter.
• Balance between current enjoyment and future security is vital.

Send us a text

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod