Less Tax Talk, More Growth: How to Invest for Real Returns in South Africa
In today's episode, Warren Ingram and Pieter de Villiers discuss the common misconceptions about tax planning and emphasizes the importance of focusing on investment growth rather than solely on tax efficiency. They argue that while being tax aware is important, the primary goal should be to achieve substantial investment returns.TakeawaysDon't do all of your planning to avoid or minimize tax.The most efficient way to avoid estate tax is to spend all your money.Taxes are part and parcel of transferring assets to the next generation.High growing investments are preferable to low growth tax-efficient investments.Building complex tax structures can be expensive and counterproductive.Be intentional about tax awareness while focusing on investment growth.The main thing should always be achieving the best investment outcome.Avoid getting caught up in tax strategies that detract from growth.Investing should prioritize returns over tax efficiency.Simplicity in financial planning can lead to better outcomes.Learn more about how Curate Investments can help you here.Send us a textHave a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
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28:29
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28:29
The Truth About Tax Planning: Why It’s Not Just About Saving Money
The today's episode, Warren Ingram and Pieter de Villiers delve into the complexities of intergenerational wealth and tax planning, emphasizing that while minimizing taxes is important, it should not overshadow the broader goal of creating a fulfilling life. The discussion highlights alternative strategies for tax savings, such as endowments, and encourages a holistic view of financial planning that aligns with personal life goals.TakeawaysIntergenerational wealth requires thoughtful tax planning.Endowments can be a more effective tax-saving strategy.Minimizing taxes shouldn't be the sole focus of financial planning.Consider the life you want to create when planning finances.Financial strategies should align with personal values and goals.There are cheaper ways to save on taxes than traditional methods.A numbers conversation is essential for effective planning.Life goals should guide financial decisions.Tax planning is a means to an end, not the end itself.Creating a fulfilling life is the ultimate financial goal.Learn more about Prescient Investment Management here.Send us a textHave a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
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30:14
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30:14
Unit Trusts 101: How South Africans Can Choose the Right Fund for Their Future
In this bonus episode, Warren Ingram and Ray Mhere discuss the complexities of selecting unit trusts for investment. They speak to the importance of understanding time horizons, matching investment goals with risk tolerance, and evaluating financial capacity. The conversation also covers the significance of investment fees and the necessity of staying invested for the long term to achieve financial goals.TakeawaysUnit trusts are a popular investment choice for private investors.Understanding your time horizon is critical when investing.Investment goals dictate the appropriate time horizon.Risk tolerance affects investment decisions and choices.Financial capacity must be assessed before investing.Investment fees should be fair and justified based on services provided.A fund's track record is important for assessing performance.Investors should stay the course and not react to short-term market fluctuations.Long-term investing is essential for achieving financial goals.Investing should be viewed as a lifelong commitment.Learn more about how Curate Investments can help you here.Send us a textHave a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
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33:34
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33:34
The Road to Retirement: Smart Money Moves for South Africans in Their 50s
In this episode, Warren Ingram and Pieter de Villers discusses the financial considerations for individuals in the sunset of their careers, focusing on debt management, investment strategies, and the importance of building emergency funds. They also speak about the need to eliminate debt before retirement, the psychological aspects of transitioning from work to retirement, and the significance of finding purpose beyond one's career.TakeawaysRetirement becomes a reality around age 50.Debt is a weapon of wealth destruction.Aim to be debt-free by retirement age.Paying off your bond is a guaranteed return.Build an emergency fund of 3-6 months' expenses.Celebrate milestones like paying off your home loan.Invest in your social capital for a fulfilling life.Transitioning from work can be stressful; reduce financial pressures.Consider downsizing your home as kids move out.Focus on building wealth aggressively in your 50s.Learn more about how Curate Investments can help you here.Send us a textHave a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
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22:06
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22:06
When Money Meets Grief: Managing Inheritance With Purpose and Clarity
In today's episode, Warren Ingram and Pieter de Villiers discuss the complexities of inheriting wealth, particularly in the context of grief and emotional connections. They chat through the importance of understanding the emotional ties to inherited money, taking time to process grief, and making informed financial decisions. The conversation also covers practical steps for managing inherited wealth, addressing feelings of guilt, and the necessity of creating a financial plan that aligns with personal values. TakeawaysInheriting money often comes with emotional complexities.Understanding the source of inherited money is crucial.Time is essential in making financial decisions after a loss.Guilt can accompany inherited wealth; addressing it is important.Creating a financial plan should align with personal values.Professional guidance can help navigate financial decisions.It's important to process grief before making big financial choices.Giving back can alleviate feelings of guilt associated with inheritance.Financial education is key to managing inherited wealth effectively.Taking time to learn about money can empower decision-making. Learn more about Prescient Investment Management here.Send us a textHave a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
South Africa