Make Money Mondays

Financial educator Simon Brown comes clean about his own money habits, beliefs

Image credit: www.simonbrown.co.za

I want to be able to travel more… but if I have a large cost base at home… it makes it prohibitive… Winter is coming… I want to head down to Durban, and it’s a simple process… the flat is so much easier to… look after and keep clean. There’s no maintenance to worry about…

Simon Brown, Just One Lap

My folks divorced when I was 10… My mom was 19 when I was born… We were comparatively poor… We never went to bed hungry…

Simon Brown, Just One Lap

Dimension Data, in 1987, was the first share I ever bought… I paid 5.5 cents for it… It remains my single best investment… It was pure luck…

Simon Brown, Just One Lap

Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays, Personal Edition” feature.

This week Whitfield interviewed Simon Brown, a financial educator at Just One Lap.

Brown is also a market commentator, trader and investor.

He writes a weekly column for Finweek and is a co-host of “The Week That Was” on BusinessDay TV.

He hosts and produces JSEDirect, a weekly podcast in which he comments on significant movements in the market and conducts interviews with notable people.

  • What does Brown believe about money?

  • Does it keep him up at night?

  • Does he save compulsively?

  • How did his childhood experiences of deprivation, or abundance, shape his views on money?

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

My uncle was rich, but bought everything with cash…

Simon Brown, Just One Lap

I always worked as a kid. I got my first job when I was six years old!

Simon Brown, Just One Lap

My wife and I took out retirement annuities when we were 24.

Simon Brown, Just One Lap

A little over 50% of my portfolio is in passive investments…

Simon Brown, Just One Lap

We hold on to losers… We sell too quick… We take advice from a random person at a bar…

Simon Brown, Just One Lap

It’s about making decisions, rather than just barrelling through and not thinking about it…

Simon Brown, Just One Lap

My biggest vice is, probably, first generation tech.

Simon Brown, Just One Lap

Life is comfortable.

Simon Brown, Just One Lap

I’m, probably, a bit of a boring penny-pincher…

Simon Brown, Just One Lap

My mother taught us we could be anything we wanted… We could also have anything we wanted, as long as we worked for it…

Simon Brown, Just One Lap

If I worked harder I could probably be better off, but there’s a balance…

Simon Brown, Just One Lap

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