The Family Finance Show

How to Make Your Money Work for You (Ess)

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 [https://twitter.com/famfinanceshow] * Follow Diana on twitter:https://twitter.com/dianagranoux [https://twitter.com/dianagranoux] * Follow Ess on twitter:https://twitter.com/EMukumbo [https://twitter.com/dianagranoux] * Website: https://www.familyfinanceshow.com [https://www.familyfinanceshow.com/] Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow [https://podlink.to/FamilyFinanceShow]

Personal Finance Habits for Entrepreneurs (Finance Ghost)

The Finance Ghost was a guest on the podcast in the very first season where we spoke about dividends [https://www.familyfinanceshow.com/podcast/episode/4d24f10f/the-importance-of-dividends-finance-ghost], 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 [https://www.familyfinanceshow.com/podcast/episode/4a8bf7fb/whats-my-net-worth]; 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 [https://twitter.com/famfinanceshow] * Follow Diana on twitter:https://twitter.com/dianagranoux [https://twitter.com/dianagranoux] * Follow The Finance Ghost on twitter:https://twitter.com/FinanceGhost [https://twitter.com/dianagranoux] * Website: https://www.familyfinanceshow.com [https://www.familyfinanceshow.com/] Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow [https://podlink.to/FamilyFinanceShow]

The Power of Learning About Money

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 [https://twitter.com/famfinanceshow] * Follow Diana on twitter:https://twitter.com/dianagranoux [https://twitter.com/dianagranoux] * Website: https://www.familyfinanceshow.com [https://www.familyfinanceshow.com/] Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow [https://podlink.to/FamilyFinanceShow]

Conquering a Mountain of Debt, the First Step to Financial Freedom

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 [https://twitter.com/famfinanceshow] * Follow Diana on twitter:https://twitter.com/dianagranoux [https://twitter.com/dianagranoux] * Website: https://www.familyfinanceshow.com [https://www.familyfinanceshow.com/] Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow [https://podlink.to/FamilyFinanceShow]

Bouncing Back from Retrenchment

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/ [https://www.linkedin.com/in/flyingmogul/] Alex MacPhail Podcast: https://www.linkedin.com/company/alexmacphailpodcast [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 [https://twitter.com/famfinanceshow] * Follow Diana on twitter:https://twitter.com/dianagranoux [https://twitter.com/dianagranoux] * Website: https://www.familyfinanceshow.com [https://www.familyfinanceshow.com/] Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow [https://podlink.to/FamilyFinanceShow]