The Personal Finance series with Warren Ingram

70% of middleclass in SA in deep, deep financial trouble. Here's the way out...

Seventy percent of South Africa’s middle-class is suffering from financial stress.

This is according to Sanlam’s 2017 Benchmark survey.

The five most significant sources of financial stress are:

  • Short term debt obligations (car, personal loans, credit cards, etc.)

  • Not saving for the future

  • No emergency funds

  • Family financial obligations

  • Education costs of school or university

All of these issues relate to planning, and how to save and invest your money.

The Money Show’s Bruce Whitfield interviewed Galileo Capital Personal Financial Advisor Warren Ingram for his weekly personal finance feature.

Ingram discussed the following three steps you can take to rid yourself of financial stress and achieve financial freedom:

  • Get rid of bad debts

  • Build an emergency fund

  • Create an investment portfolio to cover your lifestyle costs.

For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).

The middleclass is a stabiliser.

Warren Ingram, Galileo Capital Financial Advisor

The new-South African miracle is dying.

Warren Ingram, Galileo Capital Financial Advisor

Growth is how you solve this problem.

Warren Ingram, Galileo Capital Financial Advisor

You may want to use your emergency fund to clear expensive short-term debt.

Warren Ingram, Galileo Capital Financial Advisor

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

Article brought to us by Old Mutual.

Read More
Bitcoin may (or may not) be a bubble. Check this out before taking the plunge

Bitcoin may (or may not) be a bubble. Check this out before taking the plunge

Is the spectacular rise in the value of Bitcoin realistic? Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

How fees cut into your investments (and how to determine if yours are any good)

How fees cut into your investments (and how to determine if yours are any good)

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

You have too many eggs in too few baskets (e.g. your home, Naspers in your RA)

You have too many eggs in too few baskets (e.g. your home, Naspers in your RA)

Personal Financial Advisor Warren Ingram gives advice on solving a problem most have, but few are aware of.

Want to retire rich? Mind your mind (not only your money)

Want to retire rich? Mind your mind (not only your money)

The Money Show’s Bruce Whitfield interviews Financial Life Planning Institute Certified Financial Planner Kim Potgieter.

There are many ways to minimise capital gains tax

There are many ways to minimise capital gains tax

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

How to protect your wealth in these trying economic times...

How to protect your wealth in these trying economic times...

Personal Financial Advisor Warren Ingram discusses a number of strategies for protecting your wealth in these trying times.

Popular articles
Meet Outa's Wayne Duvenage; fighting etolls, Eskom (and others) on our behalf

Meet Outa's Wayne Duvenage; fighting etolls, Eskom (and others) on our behalf

Ray White interviews Wayne Duvenage, Chairperson at the Organisation Undoing Tax Abuse (OUTA).

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

William Kentridge (world-renowned South African artist) opens up about money

William Kentridge (world-renowned South African artist) opens up about money

Bruce Whitfield interviews one of our most beloved artists of all time about his money hopes, fears, successes, failures, etc.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

The world’s richest doctor (worth R150bn) was born and raised in South Africa

The world’s richest doctor (worth R150bn) was born and raised in South Africa

Patrick Soon-Shiong, son of Chinese immigrants to SA, is the world’s richest doctor and the wealthiest resident of Los Angeles.