Host of
@honestmoneypod
& author of Small Changes For Big Results. Co-founder of Galileo Capital. Wealth Manager. Radio with Bruce Whitfield on The Money Show
COVID will affect the economy for most of 2021. Arrange your budgets, holidays & business life as if the current situation is normal. Take care of your health & manage your anxiety levels. Focus on things you can change, ignore the rest. Be kind to others, everyone is freaked out
Dear
@MTNza
I have received more than 40 phone calls in 4 weeks from your agents demanding that I upgrade my contract. The record is 12 calls in one day. How can I stop your people from tormenting me about an upgrade? Do I have any rights to be protected from harassment?
I'm blocking those who regularly post unbalanced pieces on SA. I particularly block those who only make money by investing people's money outside of SA. The only articles they ever share are those that are negative about SA. This is self-interested bias, be balanced or be quiet
Our beautiful country is going through an awful time now. It is worth remembering that most South Africans are better than those shown in the news and social media . Most are kind, caring people who want the best for their families. Don't lose hope & try to help others in need.
My summary view of the budget? It was excellent given the economic conditions. Reducing corporate and income tax is a great sign as it shows that people in Govt finally understand that lower taxes = more productive jobs! Logic beat ideology, we should celebrate this.
SA investors, it is possible that bad news about the President will be released soon. If this happens, do your best to resist a knee-jerk reaction. Many investors are going to overreact & the media will go crazy, but you should remain calm and take your time to make decisions
My next book! This is the copy that has been formatted by the publishers for printing. My job now is to read it one last time to check for mistakes. After this, it goes to the printers. Due in stores in September!
For those people who are wondering why I don't respond to personal attacks on Twitter. My strategy is to block people who I believe are racist, biased or unethical. We don't need to give them oxygen & I don't believe I can learn anything through a discussion with immoral people
Great news – I have launched a personal finance podcast. The first episode is on how to achieve financial freedom. Follow this link to listen on your favourite platform . Follow
@HonestMoneyPod
for more updates.
My first global book that is aimed at all investors, not just South Africans, is now available
@ExclusiveBooks
@TAKEALOT
@amazon
and loads of other bookstores. It is called Global Investing Made Easy
There you go folks, things are so bad for
@Dischem
in lockdown that they're going to spend R430m to buy Baby City but they still don't have enough to pay rent? Oh and don't forget the charge of excessive pricing at the start of lockdown.
My new motto for 2020: "grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference"
It was a wonderful feeling to deliver a completed manuscript to my publisher today. Book
#3
is due in stores in three months 🎉Looking forward to waking up late on weekends again 😎
I’m very excited about a brand new idea from
@brucebusiness
The Financial Freedom Pod launches tomorrow. We provide you one thing to do every week until you reach
#FinancialFreedom
Loading this week. If you do one thing to kick off this year on the right note, subscribe to this. Easy-to-follow life-changing micro-steps delivered weekly…
I have been watching the Renergen saga on this platform with interest. I don't write about individual companies but I have been writing about investing since 2007. I am not critical of analysts who get paid to do research on companies. Small companies on the JSE cannot get
Recession kills people because companies close and people cannot afford to feed themselves or pay for proper medical care. Covid 19 will also kill some people but not with the same certainty as starvation. Please do everything you can to ensure that the lockdown ends ASAP!
Christmas Eve, I’m at the office while the rest of my team is on holiday so the office is quiet. Busy with my next book which will hopefully generate loads of money so that we can send even more worthy children to school! Happy Holidays!
Grateful that the All Blacks and Springboks played the RWC final. Their humility and grace was so refreshing compared with the petulant and arrogant attitudes of the English, French, Welsh and Irish teams. Sexton, Biggar, Dupont and Farrell’s abuse of referees was disappointing
Interesting to see that the top performing low risk balanced unit trust in SA over the last 10 & 12 years is an index tracking fund called Nedgroup Core Guarded fund. Passive investing works for investors and this is the proof.
I've FINALLY found a book lightyears better than
#RichDadPoorDad
mainly due to its pragmatic approach to wealth creation👌🏾 thank you for that
@WarrenIngram
I look forward to being in your follow-up book. SSM 🌻
My book HOW TO MAKE YOUR FIRST MILLION has just been re-printed for the 2nd time. It is in stores now & would be a great gift for your loved ones. The royalties go to an education charity, go make a difference now!
Govt seems to be so afraid of upsetting 16,000 overpaid & unproductive workers at Eskom that they are willing to let nearly 60 million people suffer. Beyond my ability to understand...
I would like to pass on my condolences to the family of Dr Mononyane. He was a selfless, motivated and caring man who achieved so much despite all the hurdles that life threw at him. I’ll miss you Ruu
Getting lots of feedback on my last Tweet with requests to clarify the question. The point is not to tell you how to spend your money. My aim is to help people achieve financial freedom by sharing my 25 years of experience studying how people have achieved their financial goals
This must be terribly inconvenient news for the talking heads who have been telling people to cash in their retirement funds “because Govt is going to steal them for Eskom”
company's share price. The analysts and social media commentators involved in Renergen should respond to the noise by declaring their interests and we can all move on. It is also a lesson to commentators to talk about your bad calls too - don't just crow about your good calls
Brilliant thread! Rand is the BEST performing BRICS currency over FIVE years! Who said SA is a basket case? Who told you to cash in all your SA investments? Not
@SchalkLouw
and not me!
Page 6/9
The Rand’s value AGAIN strengthened by 2.2% against the USD. This was a positive move as ALL other BRICS currency movements weakened against the USD. This helped the Rand to further extend its lead as best performing BRICS currency position over a 5-year period.
Save the date 📢📢 Saturday the 2nd of October 2021,on twitterspace I will be hosting
@WarrenIngram
the author of Become Your Own Financial Advisor and How to make your first Million. We will be discussing the two books and how to get started on your Financial Freedom journey.
Just recorded another episode of my
@HonestMoneyPod
podcast from my house. Please send me your personal finance questions on WhatsApp voice notes and I’ll answer during lockdown. The WhatsApp number is 0729344218
Update, last 4 months my focus has been to add to my portfolio, building the asset base. Consistency, no excuses. Any extra money I get I invest 40-60%.Added stokvel money last 2 months.Reinvest all dividends. My consistency is starting to show😃💪🏾
#FinancialHealth2020
Seems like Cyril said to the DA & EFF, “you want to play politics when the country needs all hands on deck? Ok, I’ll see your Nene & raise you Tito”
@CyrilRamaphosa
is a genius!
My hope for the SA Budget today is: no new taxes, a reduction in state, provincial and municipal govt wage bill and concrete news on SAA. We have to be realistic that this is going to be another tough budget and there are no miracles in Finance.
research coverage any other way. However I think anyone who writes about a company on social media MUST disclose if they are paid to do this and they MUST disclose if they own shares in the company. I also think this applies to short-sellers who want to profit from decreasing a
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood"
To kickstart
#MoneyMatters
month we've curated a list of South African Money books that cover everything you need to know about finances. From earning, to saving, to investing, to taxes and more, these books are a must read.
#NutreatsBookClub
Blocking these clowns means they don't impact me at all. Those who are upset at being blocked seem to miss the point that they have no rights to view my Tweets. The only part of these attacks that upsets me is when my friends & family are included. Thankfully, I believe in Karma
If you are looking for great podcasts about money that are relevant to South Africans, check out you will find podcasts about family finances with the
@FamFinanceShow
and personal finance with
@HonestMoneyPod
Here is the question asked differently: If your goal is financial freedom or even to be wealthy, it is worth asking yourself, "Does it matter what other people think?"
I’m talking about Karatbars tonight on
@Radio702
@CapeTalk
with
@brucebusiness
Sure to get a big reaction from the promoters who make money by selling a dream to desperate people
I was a bit heated in this podcast. Getting really tired of people who are good at Twitter promoting themselves as personal finance gurus. A big social media following doesn’t make you a money expert.
Today we speak about the controversial topic of influencers and hype ETFs.
@WarrenIngram
&
@FinanceGhost
touch on the dangers of blindly following influencers, consistency over hype, and more.
Listen now:
My personal finance segment on the Money Show on
@Radio702
@CapeTalk
with
@brucebusiness
is moving to a new time tonight. Starting at 19:30 until 20:00 with more time to cover more topics
#FinancialFreedom
thought for the day: Is your desire for freedom stronger than the excuses you give yourself to remain a hostage to your money? I believe the key factor in financial freedom is staring at you in the mirror every day.
Question: I've been asked to write another book. I am happy to write one but I am not sure what else people want to know from me? I would appreciate good ideas🙏
I don't usually quote market performance statistics because
@SchalkLouw
does it better. But I think he missed an interesting one. From 12 March 2020 to 12 March 2021, the JSE is up 58%. Should this have any impact on your next investment decision? No! Just a fun fact for the day
What’s your excuse for not working? This South African started working as a waste picker after he couldn’t find a job – now he has his own company – BusinessTech
If you think day trading on the investment markets is a great way to make money, please listen to the award-winning
@brucebusiness
and me discussing this with a listener live on
@Radio702
@CapeTalk
tomorrow night at 19:15
How can you become financially secure with the resources at your disposal? What is the safest way to invest & accumulate money? And why is it never too late to start planning your financial well-being?
The NEW updated edition by
@WarrenIngram
is out now:
Compound interest is wonderful when you are earning it. I think debt is a weapon of wealth destruction so avoid debt wherever possible!
#plantolivewell
@FPI_SANews
Straight from a public relations text book. Overcharge investors for 13 years. Then go public about ending the bad behaviour to try claim the moral high ground when you can’t make lots of money anymore because the regulators have forced transparency
This is one of many examples of how South African people (not Govt) will solve the power problem in SA. As this gains momentum, Eskom will be able to supply low-income South Africans with reliable electricity due to lower demand.
UPDATE ON MARKETS: Interesting month indeed. Although JSE ended November down 1.8% in ZAR, this was mainly due to Rand strength, while it actually improved 1.3% in USD. This brings YTD returns in ZAR to 8.5% & 12mth returns to 13.1%. SA Property increased 0.8%. Local Bonds flat.
Have the Directors who were party to the nonsense at listed companies: EOH, Tongaat and Steinhoff been fined by the
@JSE_Group
? The JSE are happy to fine the companies, which means shareholders take more pain, why not the Directors?
Financial freedom talk with
@WarrenIngram
this Saturday at 10am. To say I am excited is an understatement. Link to the session below👇🏽. Looking forward to a great discussion🙌🏽
@Dischem
doesn't want to pay normal rent even though they are thriving.
@Clicks_SA
is paying full rent. I'm boycotting Dischem in favour of Clicks. Most malls are indirectly owned by pensioners and workers - Dischem is depriving them of their income.
@matabanemoshala
Well done! You’ve achieved something that very few people in the world are able to achieve. I hope you keep writing your story, our country needs more savings heroes
#budgeting
#PersonalFinance
This is a reminder to all investors who follow arrogant, loud mouthed, self-proclaimed investment gurus. The markets will ALWAYS humble you. Stay grounded, stick to the investment basics & try to learn from those who have been investing for 10 years not 10 months.