MyMoney Online, Personal Finance with Warren Ingram

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

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
pixabay.com

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


Recommended

by NEWSROOM AI
Read More
Old Mutual takes out bizarre full-page advertisement in Business Day

Old Mutual takes out bizarre full-page advertisement in Business Day

Advertising expert Andy Rice slams it. The Money Show’s Bruce Whitfield’s response to the advert? “Hahahahahahahaha!”

Woolies CEO earns R191m despite R11bn of write-downs and R32bn of market losses

Woolies CEO earns R191m despite R11bn of write-downs and R32bn of market losses

It’s good to be a CEO in South Africa – whether you screw up or not, says a disgusted Anthony Clark (Small Talk Daily).

Money and love inspire me to get up at 3am every morning - Leanne Manas

Money and love inspire me to get up at 3am every morning - Leanne Manas

Bruce Whitfield interviews Morning Live anchor Leanne Manas about her attitude to money (hopes and fears, successes and failures).

Why Kruger International is buying Standard Bank

Why Kruger International is buying Standard Bank

Kruger International Asset and Wealth Management's Charl Bester shares his stock picks of the week on The Money Show.

'I’m deeply worried we pretend we don’t know what’s wrong with the economy'

'I’m deeply worried we pretend we don’t know what’s wrong with the economy'

"We pretend as if we don’t know what needs to be done," says Dr Iraj Abedian, CEO at Pan-African Investments and Research Services.

Still young(ish)? Entry-level jobs available on Lulaway’s employment platform

Still young(ish)? Entry-level jobs available on Lulaway’s employment platform

Lulaway has placed 30 000 young South Africans in jobs since 2011. Bruce Whitfield interviews its CEO, Jake Willis.

Popular articles
Woolworths loses R1.1 billion as its Australian business continues to tank

Woolworths loses R1.1 billion as its Australian business continues to tank

The company is compelling CEO Ian Moir to move to Australia to fix things. Bruce Whitfield interviews him.