Tips on Personal Finance

Esther is on a journey to financial freedom by building her investment portfolio one step at a time. Personal finance is personal and everyone will have a slightly different way to achieve their financial goals.

In this episode,  Ess talks about how she teaches her children about money and saving, cutting discretionary spending all she can and now looking to increasing her family income, how she takes the lead in managing her family's finance, dividends and much more. Please enjoy!

Join us on Twitter for real conversations about family finances:

• Follow the podcast on twitter: https://twitter.com/famfinanceshow
• Follow Diana on twitter:https://twitter.com/dianagranoux
• Follow Ess on twitter:https://twitter.com/EMukumbo
• Website: https://www.familyfinanceshow.com

Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

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!

Join us on Twitter for real conversations about family finances:

• Follow the podcast on twitter: https://twitter.com/famfinanceshow
• Follow Diana on twitter:https://twitter.com/dianagranoux
• Follow The Finance Ghost on twitter:https://twitter.com/FinanceGhost
• Website: https://www.familyfinanceshow.com

Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

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 a voluntary retrenchment, and how, on the advice of a friend, he invested in an expensive fund where the fees were equivalent to the growth of the investment, effectively zeroing all growth on his investment. 

Join us on Twitter for real conversations about family finances:

• Follow the podcast on twitter: https://twitter.com/famfinanceshow
• Follow Diana on twitter:https://twitter.com/dianagranoux
• Website: https://www.familyfinanceshow.com

Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

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 inspiration to pay off debt, starting today, listen to this episode. 

Join us on Twitter for real conversations about family finances:

• Follow the podcast on twitter: https://twitter.com/famfinanceshow
• Follow Diana on twitter:https://twitter.com/dianagranoux
• Website: https://www.familyfinanceshow.com

Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

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 the savings game. Please enjoy!

Find Alex on LinkedIn: https://www.linkedin.com/in/flyingmogul/
Alex MacPhail Podcast: https://www.linkedin.com/company/alexmacphailpodcast

Join us on Twitter for real conversations about family finances:

• Follow the podcast on twitter: https://twitter.com/famfinanceshow
• Follow Diana on twitter:https://twitter.com/dianagranoux
• Website: https://www.familyfinanceshow.com

Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

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 Diana on twitter:https://twitter.com/dianagranoux
• Website: https://www.familyfinanceshow.com

Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

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 real conversations about family finances:

• Follow the podcast on twitter: https://twitter.com/famfinanceshow
• Follow Diana on twitter:https://twitter.com/dianagranoux
• Website: https://www.familyfinanceshow.com

Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

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 chat about how we manage our family finances, what we learned about money growing up and how we view budget and spending discussions as value discussions rather than money discussions. Please enjoy!


Join us on Twitter for real conversations about family finances:

• Follow the podcast on twitter: https://twitter.com/famfinanceshow
• Follow Diana on twitter:https://twitter.com/dianagranoux
• Website: https://www.familyfinanceshow.com

Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

At the end of each episode in season 2, we ask our guests what one piece of financial advice they want to pass on to the next generation. Here is their collective wisdom from 12 shows this year.

A special thanks to Elevate and to the following guests in season 2:
Manoka Mathye | S2 EP12 - Increasing Your Income as an Employee
Matan Abraham | S2 EP1 - Common Insurance Pitfalls
Stacy Hart | S2 EP5 - Tips on Personal Finance
Wisani Shilumani | S2 EP3 - What’s My Net Worth?
Judith Ndaba | S2 EP7 - Holistic Wellness
Patrick McKay | S2 EP6 - Achieving Financial Freedom
Bronwyn Williams | S2 EP8 - Future Trends for Finance and Family
Andre Bothma | S2 EP4 - Families and Tax
Sipho Nkosi| S2 EP9 - Life Lessons From a Self-made Man
Barry Childs | S2 EP10 - Choosing the Right Medical Aid
Warren Ingram | S2 EP11 - Global Investing Made Easy
Pinky Sithole | S2 EP2 - Investing Offshore - The How's and Why's

We will be taking a break from recording and publishing, but there are 65 episodes in the library to catch up on. See you soon!


Join us for real conversations about family finances:
The Family Finance Show - Twitter | The Family Finance Show - Website | The Family Finance Show - Podcast |  Diana Granoux - Twitter 

If you are employed and want to advance your career and earn a higher income, Manoka Mathye has 7 simple steps for you to follow. Manoka is a chartered accountant and senior manager in external audit at a large audit firm by day and a career coach by night. She has also developed a loyal following through her #YourCorporateHustle Twitter spaces.

In this episode we cover 7 steps to increase your income as an employee, negotiating pay increases and bonuses, the gender pay gap and much more!

Join us on Twitter for real conversations about family finances:
https://twitter.com/famfinanceshow
https://twitter.com/dianagranoux
https://twitter.com/elevatelifeza
Website: https://www.familyfinanceshow.com
Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

Manoka Mathye: https://twitter.com/ManokaMathye
Manoka’s YouTube channel:
https://www.youtube.com/channel/UCjQI9gg68ZyIpZAY5_D6PlQ

This episode is brought to you by Elevate. Visit their website or Facebook page to find out more.
Website: https://www.elevate.co.za/
Facebook: https://www.facebook.com/ElevateLifeZA