The Woman & Finance Podcast

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In our last episode, we focused on saving for those shorter-term goals, but today we’re diving into those medium to longer-term ones—like funding your child’s university education in 10 years, leaving a financial legacy, or maybe even starting your own business. So, how do you begin?
We kick off by emphasizing the importance of setting clear and realistic financial goals. We provide a real-world example of how to calculate future education costs, demonstrating how inflation can dramatically increase the amount you need to save over time.
One of the key lessons in this episode is understanding the difference between interest and growth. While interest is a guaranteed return you get from a bank, growth comes from investing in assets that increase in value over time. We talk about how unit trusts and ETFs are great tools for growing your capital.
We also spend a good portion of the episode discussing tax-free savings accounts (TFSAs). Since their introduction in 2015, TFSAs have been an excellent tax-efficient way to save and invest. We highlight how they can be a smart choice for long-term goals like saving for your child’s education or even adding to your retirement pot. It’s important to view them as long-term investment vehicles, not just regular savings accounts.
We also explore the idea of investing offshore, showing how you can access global markets through local funds that invest abroad. For those looking to diversify and build assets outside of South Africa, local companies offering offshore investment products are a good place to start.
Lastly, we caution against using endowment products for education savings. These often come with high fees and tax complexities that aren’t always in the investor's best interest. Instead, we advocate for simple, low-cost options like TFSAs and unit trusts.

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Embarking on the journey of buying your first property can be both exciting and daunting. In this insightful conversation, join me as I sit down with the knowledgeable Zamantungwa Khumalo to explore the essential do's and don'ts for first-time homebuyers. From navigating the market to avoiding common pitfalls, we've got you covered. 🏡💼✨ #property

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In this insightful episode, join us for an informative conversation with Tabello Motshwane, a seasoned Attorney, as we delve into the complexities of divorce and child maintenance. Our discussion goes beyond legal jargon to explore the emotional and practical aspects of family transitions.
You can find Tebello on Instagram https://www.instagram.com/bellz_motshwane/#

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On today's episode of The Woman and Finance Podcast, we're joined by Ess Mukumbo, a self-taught investor and personal finance educator, who contributes to Financial Mail. Ess's approach to personal finance is not only practical and empathetic, but also incredibly accessible. During our discussion, we'll explore the concept of financial wellness, strategies to achieve it, and Ess's own methods for investing. Tune in for an enlightening conversation.

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Are you raising a money-smart child? 💰
Teaching kids about money isn’t just about giving them an allowance—it’s about shaping lifelong habits that lead to financial independence! In this video, I share practical, everyday ways to teach your kids how to manage money, make smart spending choices, and develop a healthy relationship with finances.

#personalfinance #moneytips #kidsandmoney