In this episode we deal with the thorny issue of finances and couple relationships. Financial problems are a common reason for divorce, and so it is important to deal with them openly and honestly.  Vangile Makwakwa, founder and CEO of Wealthy-Money.com, shares her experiences with money in her past relationships. She gives four guiding questions you can ask your partner: What are your 5 year goals?  Do you have shared values and are you spending in accordance with those values?  What is your propensity for risk taking? What are your income goals for the future? Also make sur ..read more

The Finance Ghost was a guest on the podcast in the very first season where we spoke about dividends, an important part of a diversified investment strategy. This season he is back to speak about his personal experience as an entrepreneur, husband and father. In this episode we cover entrepreneurship and some of the non financial benefits derived from being an entrepreneur; transitioning from a corporate employee to self employed; having no retirement savings; being liquid debt free; and how important it is not to neglect yourself as a parent and especially as an entrepreneur. Please enjoy ..read more

This week's guest is a loyal fan of the show. Francis, like many of us, did not learn how to manage money as a child or young adult. He grew up in a cash based economy where debt was seen as something to be avoided at all costs. Despite not being exposed to personal finance principles at a young age, Francis has spent the last 10 years learning all he can by reading books, listening to podcasts and having a meeting with a financial planner. In this episode, we touch on all the lessons Francis has learned along the way.  He speaks about how his emergency fund saved him, how he dealt with ..read more

Judith was a high earning corporate employee until three maternity leave periods away from work reduced her income at the very moment her family expenses were increasing with three new mouths to feed. Needing a bigger house and car, the family took out a loan. And with the escalating costs of a house build, they had to take out more debt and personal loans to cover the gap between income and expenses. Judith and her family now manage their budget very closely and have a clear plan to pay off their debt well in advance of the loan term, to save on interest expense. If you need some inspiratio ..read more

Alex, an airline pilot for South African Airways, who was retrenched during Covid, shares how he and his family cut their budget and turned to entrepreneurship to bounce back financially. Alex went from being a high earning pilot to needing to figure out a way to put bread on the table in the space of a few weeks. To make things even tougher, he did not have an emergency fund. Alex candidly shares lessons from his personal finance journey in this episode. One of the highlights of this conversation, for me, was our discussion on lifestyle creep and how, by avoiding this, you can get ahead in ..read more

Alex (not his real name) has pre-teen children and recently moved his family from Johannesburg to Cape Town to take up a new career opportunity. He reveals the unexpected costs involved and lessons learned from this experience. Alex has his personal finances pretty much on track, but he has made a few mistakes along the way. He talks about how he learned about personal finance much later in life and some of the mistakes he’s made. Join us on Twitter for real conversations about family finances: Follow the podcast on twitter: https://twitter.com/famfinanceshow Follow the Diana on twitter:http ..read more

Queen has been married to Refliwe for 6 years. They do not have children and do not plan to have any, but they are still a family. In this episode, Queen talks about how she and Refilwe manage money in their relationship. They love to eat out and Queen has a great tip on how they do more of this, while sticking to their budget. She also has profound insights on how to live within your means and to always remember the life you have now was one that you probably once only dreamed of. Take some time to listen to this inspiring and enjoyable episode, you won’t regret it! Join us on Twitter for re ..read more

Instead of hearing from experts like in previous seasons of the show, this season you will hear from a different family every week. We hope that by hearing how people like you manage their money, money will become less intimidating, simpler and more transparent. As always, our intention with the show is to help families make a few better financial decisions and thereby improve their futures. Don’t forget about our library of previous episodes on topics ranging from retirement to compound growth and managing adult financial dependents. In this very personal episode, my husband, Anaël and I ch ..read more

Tax free savings accounts are an excellent way to save and invest, most especially if you plan to invest for a long time. As Zama Dikana from Old Mutual explains, they attract no tax which gives you a higher return on investment than you would otherwise get. If you don’t already have one, and you have extra cash, no matter how little, available to save and invest, you should certainly open a tax free savings account (“TFSA”). Zama discusses the rules and limits for TFSAs, how to invest on behalf of your children and he answers some questions from a loyal listener. Mentioned in this episode ..read more

In this episode Warren Ingram, an award winning financial planner, answers the following listener questions: How should we combine our finances after our wedding? Should I use my retirement funds to pay off my home loan? Should I invest into my retirement savings in monthly increments or one lump sum per year? What percentage of my income should I contribute to my retirement savings? Mentioned in this episode: https://www.news24.com/fin24/opinion/sat-am-bruce-cameron-tax-incentives-for-retirement-savings-are-enormous-20201219 Disclaimer: Old Mutual Life Assurance Company (South Africa) Li ..read more