Everything Counts | Ep 4: Saving and investing extra money

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Everything Counts is a bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help listeners improve their financial well-being.

In this episode, we explore the everyday challenges of saving money, especially when you get an unexpected bonus or tax refund. Motheo is joined by Investec’s Thabiso Masiela, co-head of My Investments and René Grobler, Head of Cash Investments, who help break down the differences between saving and investing.

Whether you're just starting out or want to fine-tune your money habits, this episode is full of useful advice to help you build a healthier relationship with money. Tune in as we explore the reality of saving money in South Africa and give you tips to make sure your money works harder for you.

Key moments

00:00 Introduction
01:30 When did you start saving money?
03:17 What’s the difference between saving and investing?
05:38 How do saving and investing strategies change over time?
08:10 What percentage of extra cash should you be saving?
10:24 Advice for saving and investing
14:46 How do you build a financial plan?
17:00 Advice for saving money and staying disciplined long-term
19:44 The value of saving for retirement
21:16 Saving and investing during times of uncertainty
23:21 Tips for saving money and investing

You might also be interested in:

Investec My Investments
Whether you're just starting or looking to enhance your wealth, Investec My Investments provides solutions tailored for you. Invest with as little as R1,000 per month and experience the benefit of Investec's global expertise. Chat to your Investec Financial Advisor today.
Investec Bank Limited is a licensed FSP. T& Cs apply.

SmartRate Plus 15-Day Notice Account | Investec
There's a difference between having a dream and working towards a goal. Waiting for luck or making investments in you. There is a difference. Expect more than ordinary when you save in an Investec SmartRate Plus 15-day notice deposit. Earn 9. 06 percent annually effective, 8.7 percent nominal. Save with Investec from R100 000. Go to investec.com/smart.
Investec is an authorised FSP. Terms and conditions apply.
9 Jul 2024 English South Africa Business · Investing

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