Make Money Mondays

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

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

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


Recommended

by NEWSROOM AI
Read More
RMB and a paediatric surgeon from Baragwanath came together to save little lives

RMB and a paediatric surgeon from Baragwanath came together to save little lives

Ray White interviews Prof Jerome Loveland (Paediatric Surgery at Wits and Baragwanath) and Gareth Armstrong (Rand Merchant Bank).

Lesetja Kganyago – the world’s best central banker - opens up about his money

Lesetja Kganyago – the world’s best central banker - opens up about his money

The Money Show’s Bruce Whitfield interviews Kganyago about his attitude to money (hopes and fears, successes and failures, etc.).

'I’m very conscious about how I spend. I don’t buy fancy cars. I buy bargains'

'I’m very conscious about how I spend. I don’t buy fancy cars. I buy bargains'

Bruce Whitfield interviews Sipho Hotstix Mabuse about his attitude toward money (hopes and fears, successes and failures, etc.).

'The universe is an extremely high-risk investment by the Creator'

'The universe is an extremely high-risk investment by the Creator'

Bruce Whitfield interviews Professor David Block about his attitude toward money (hopes and fears, successes and failures, etc.).

10 most-read profile interviews on The Money Show in 2018

10 most-read profile interviews on The Money Show in 2018

The year’s best interviews of South Africa and the world’s most famous (and infamous) movers and shakers.

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"

Popular articles
Adriaan Basson the second journalist to lay a charge against an EFF member

Adriaan Basson the second journalist to lay a charge against an EFF member

Earlier on Friday, Karima Brown laid a charge of intimidation against a party member who sent her what she says is a threatening text.

'Love your vulva the way it is' - Designer vaginas are dangerous, warns Dr Eve

'Love your vulva the way it is' - Designer vaginas are dangerous, warns Dr Eve

So-called 'designer vaginas' are created through various surgical or non-surgical procedures, explains clinical sexologist Dr Eve.

Newly launched Socialist Workers Party will contest next years' elections

Newly launched Socialist Workers Party will contest next years' elections

General Secretary of Numsa Irvin Jim says the new party will champion the workers' mandate.

'Shutdown of Ndalo Media is no surprise and is a blow to media diversity'

'Shutdown of Ndalo Media is no surprise and is a blow to media diversity'

The company will reportedly shut its doors in January 2019.

'Cyril is the most popular president since Nelson Mandela'

'Cyril is the most popular president since Nelson Mandela'

Author Max de Preez weighs in on where SA would be if Jacob Zuma was still president and the impact of Ramaphosa now.

Here is what to do if you're affected by driving licence backlog

Here is what to do if you're affected by driving licence backlog

The WC Traffic Department has made provisions to cater for motorists affected by the backlog with the issuing of driving licences.

Gigaba and Dlamini make ANC KZN provincial nominee list

Gigaba and Dlamini make ANC KZN provincial nominee list

EWN reporter Ziyanda Ngcobo says Malusi Gigaba and Bathabile Dlamini have made the provincial nominee list for the ANC KZN.

[WATCH] Internet search for talented singer Nosipho is over...she's been found!

[WATCH] Internet search for talented singer Nosipho is over...she's been found!

Khabazela shares tweets and Facebook posts that have gone viral.