Personal Finance with Warren Ingram

Need some help with your 2020 personal finance goals?

Do you have a lot of financial new year's resolutions for 2020?

Do you need some help to set your goals?

The Money Show asked Warren Ingram, Personal Financial Advisor at Galileo Capital, for some tips and a checklist.

It's human nature to forget your resolutions halfway through the year. You see it in the gym. The first few weeks of the year it's packed and then it gets emptier. For those who stay, the gym becomes the new normal. It's the same with money. At the end of the year we reflect that we did not do as much as we wanted to do. Then we want to take action. But it requires new behaviours, reprogramming the way we live, giving up on certain things.

Warren Ingram, Personal Financial Advisor and Executive Director - Galileo Capital

Five out of every 100 employed South Africans are able to retire with enough money. Probably the same proportion of our population can run the Comrades Marathon. So it is exceptional to stick to financial plans . But for those of us who are not so exceptional - it does not mean that we cannot be pretty good. Let's find a way to get to your first financial five kilometres...

Warren Ingram, Personal Financial Advisor and Executive Director - Galileo Capital

Number one is getting rid of debt. It's easy to use a credit card. If you are in the age group between 18 and 55 you most likely have debt. Get a game plan around debt. If you're looking only at your investments and you have loans or credit card debt - you're probably doubling the debt compared to the growth rate you can get on your investments.

Warren Ingram, Personal Financial Advisor and Executive Director - Galileo Capital
FILE: A pile of coins and calculator. Picture: 123RF.com

For more tips and advice on how to get your finances fit, listen to the full interview below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
This is how you should invest your money for the next decade

This is how you should invest your money for the next decade

Personal Finance - Tips on how to invest your money.

Prince Harry and Meghan's move gets mixed reactions

Prince Harry and Meghan's move gets mixed reactions

Eyewitness News UK correspondent Gavin Grey gives updates from London about the announcement by the Duke and Duchess of Sussex.

'If a university accepts you, it is saying you can get a degree from there'

'If a university accepts you, it is saying you can get a degree from there'

UCT vice-chancellor Prof Mamokgethi Phakeng says first-year students should speak up and not worry about good English.

'Mathematics syllabus is enormous to be covered within a year,' says expert

'Mathematics syllabus is enormous to be covered within a year,' says expert

Wits University mathematics lecturer Dr Jacques du Plessis says teachers are racing against time in the classroom.

How to know if your finances are on track after a lousy year

How to know if your finances are on track after a lousy year

How do you measure if you are financially on track after a lousy year?

Considering emigration? Financial planner discusses the affordability of leaving

Considering emigration? Financial planner discusses the affordability of leaving

Can you afford to leave South Africa? Certified Financial Planner (CFP) Barry O'Mahony on what to consider before deciding.

Popular articles
[VIDEO] Family saved from being hit by speeding SUV goes viral

[VIDEO] Family saved from being hit by speeding SUV goes viral

Khabazela shares tweets and Facebook posts that have gone viral.