How to Get Money Savvy Podcast

By The Money Savvy Team

South Africa is a buy-now, pay-later society. The effects on young people’s financial literacy are thus characterized by the same behaviour patterns as parents and society. These are high credit and high consumer behaviour with very little savings, and in turn high social risk behaviour. MSK is working to change this disastrous pattern.

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Step 5: Understand what you value

How to Get Money Savvy PodcastMar 26, 2021

00:00

08:25

Step 5: Understand what you value

In this podcast we talk about what values are and the role they play in driving our financial behaviour.

· What are values

· How do our values effect how we use money?

· How do values drive behaviour?

MoneySavvyKids

kathryn@moneysavvykids.co.za

Mar 26, 202108:25

Step 4: Saving and an emergency savings fund

Today we talk about saving in order to build your wealth as well as how important it is to have an emergency fund.

· Allocate money monthly

· Have at least 6 months expenses saved

· Types of accounts

· Interest

· Compound interest

MoneySavvyKids

candice@moneysavvykids.co.za

Mar 19, 202110:50

Step 3: Increasing your income

Today's episode covers

· Active and Passive income streams

· Multiple income streams

· Setting up a side hustle

· Automating for success

Remember to follow us on social media!

MoneySavvyKids

MoneySavvyTeens

MoneySavvyGeneration

Mar 12, 202111:39

Step 2: Recognize potential snakes and ladders in your life and mitigate the risks

Today's podcast is all about forecasting for snakes and ladders that could appear in your life and planning for them to mitigate risks.

· How to recognize snakes/ threats in my financial life

· How to recognize opportunities/ ladders in my financial life

· Protect your money – Insurance

MoneySavvyKids

kathryn@moneysavvykids.co.za

Mar 05, 202111:59

Step 1: Get clear on where you are now

In this episode we speak about step 1 in the 10 steps to getting money savvy.

Some questions to consider:

· How much debt do you have?

· Are you covering all your costs each month?

· Have you allocated money for saving?

· How much money are you wasting and on what?

· Can you cut back?

· Where can you get a credit report?

Books to read:

· The Automatic Millionaire, by David Bach

· The Latte Factor by David Bach

· Money: Master the Game by Tony Robbins

· Unshakeable by Anthony Robbins

· The Millionaire Next Door by Thomas J. Stanley

· Rich Dad, Poor Dad by Robert Kiyosaki

· You are a Badass at Making Money by Jen Sincero

· How to make One Hell of a Profit and Still Get to Heaven by Dr John Demartini

· Your Money or Your Life by Vicki Robin

· Millionaire Success Habits by Dean Graziosi

· I Will Teach You To Be Rich by Ramit Sethi

· How to Make Your First Million by Warren Ingram

Remember to follow us on social media

MoneySavvykids

MoneySavvyTeens

MoneySavvyGeneration

Feb 26, 202111:15