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In this episode I chat to Michael,
In his own words Michael says “While I am diligent in the design of products, I keep it simple because investments are inherently simple and complexity is often used as an excuse to hide things. I continuously strive to deliver products that offer value for all parties involved, not just those that build them”
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In this episode I chat to Nomzamo about the real picture of investing.
She answers the following questions;
1. What is investing?
2. When should one start their investment journey?
3. Which asset classes should one be considering?
4. Does high risk give one high returns?
5. What are possible high-risk investments and how does one strike a balance?
6. What are investors’ expectations, can they be met
7. How can investors set realistic expectations when it comes to investing?
8. What do you think about new asset classes like - digital assets or cryptocurrencies
9. How does one derive the most value from investing
10. What mistakes would you advise against
11. Where should people in their 20’s and 30’s be investing
As
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This weeks book is Compounding Effect by Darren Hardy
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This weeks book is: The millionaire next door. A reminder that its the ordinary folk who are your millionaires. They look ordinary but they have figured out that wealth comes from smart investing
According to the studies done by Stanley and Danko. Most millionaires are older men who tend to be self-employed, running a business that is blue-collar and boring. (Over 80% of millionaires in America are first-generation rich.) They make a somewhat higher income than average, but the main reason they are wealthy is because of their lifestyle of self-discipline. They save a large portion (15% or more) of their income so they can invest it. Most other people, whether high or low income, simply consume all their income with extra spending. One of the most important messages in this book is that a high income is not enough. Often well-educated professionals make a high income, but they spend it all to maintain a lifestyle that appears high-status.
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In the following episode I speak on diversification
Book: Train your way to financial fitness by Shannon Mcclay
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Book: Just keep buying by Nick Maggiulli
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In this Episode I look at
Book: What's your Move: A collection of ordinary financial lessons
Available on Amazon or Takealot alternatively www.financialbunny.co.za
I share stories about my money journey
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Book: Retiremeant, get more meaning from your money by Kim Potgieter
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Book: Simple steps to property wealth by Jason Lee
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Book: More important than money, an entrepreneur's team by Robert Kiyosaki
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