MyMoney Online, Personal Finance with Warren Ingram

How to start saving and investing money

pixabay.com, 2019

Saving is 80% of how people become financially independent… [investing] is about getting your money to make money babies…

Warren Ingram, Personal Financial Advisor - Galileo Capital

Unless you are super rich, saving money is a must.

But it’s not easy.

So, how do you start?

Arabile Gumede (in for Bruce Whitfield on The Money Show) interviewed personal finance expert Warren Ingram of Galileo Capital.

Ingram reckons that if you can save and invest 15% of everything you earn while working, you’ll probably be amongst the 5% of formally employed South Africans who can retire comfortably.

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

An emergency fund should be in a money market account… It’s not your holiday fund… it’s earning interest. Every now and again recalibrate it to three months’ expenses…

Warren Ingram, Personal Financial Advisor - Galileo Capital

We’re panicky now… but it’s probably a great time to invest!... Be greedy when others are fearful… If you’ve got a longish timeframe you can largely invest your money in shares…

Warren Ingram, Personal Financial Advisor - Galileo Capital

Choose a rand-based overseas investment… buy the whole world. Everything from Nike to Adidas to Toyota in Japan… I would start with the world index…

Warren Ingram, Personal Financial Advisor - Galileo Capital

EasyEquities does it really easily…

Warren Ingram, Personal Financial Advisor - Galileo Capital

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
Lending money to family – what to do, and what not to do

Lending money to family – what to do, and what not to do

Don’t do it! But if you must, you may want to consider personal finance expert Warren Ingram’s advice.

South Africans are drowning in debt but still clamouring for credit

South Africans are drowning in debt but still clamouring for credit

Loans sharks are having a field day and there's an organised crime element, says personal finance journalist Maya Fischer-French.

Used-car buyer? Save yourself a world of pain by asking this one question

Used-car buyer? Save yourself a world of pain by asking this one question

Wendy Knowler says dealerships don’t do much to explain how you may unknowingly void your warranty and service/maintenance plans.

No petrol money? 'Dudu Myeni has known about the court dates for two years'

No petrol money? 'Dudu Myeni has known about the court dates for two years'

The former SAA Chair says she can’t get to court; she doesn’t have money for petrol. Outa says it'll pay to get her there.

'Emigration is draining skills, destroying the future of South Africa’s economy'

'Emigration is draining skills, destroying the future of South Africa’s economy'

Small business guru Pavlo Phitidis shares shocking anecdotes and advises business owners on how to address this challenge.

Popular articles
'We discuss stocks and options with our children at the dinner table'

'We discuss stocks and options with our children at the dinner table'

Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).

[WATCH] Boy explaining what he heard when parents had sex goes viral

[WATCH] Boy explaining what he heard when parents had sex goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

South Africa quietly reclassifies 33 wild species as farm animals

South Africa quietly reclassifies 33 wild species as farm animals

Some of the endangered wildlife has now been listed as farming stock under key legislation that governs breeding.

It's VW, but not as you know it - Why did Volkswagen change its logo?

It's VW, but not as you know it - Why did Volkswagen change its logo?

John Maytham asks what's behind Volkswagen's new-look logo...

5 retirement saving tips for those who left it late

5 retirement saving tips for those who left it late

It’s better to start late than never! The Money Show’s Bruce Whitfield interviews Jeanette Marais.

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

Khabazela shares tweets and Facebook posts that have gone viral.