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Honest Money

Warren Ingram

Your personal guide to financial freedom, hosted by the bestselling author and award-winning financial planner, Warren Ingram.

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Yesterday · 15 min
Can Moving Mom's Money Into An RA Avoid Tax?
In this episode, Warren Ingram and Pieter de Villiers discuss the complexities of estate planning, retirement annuities, and tax strategies, addressing common misconceptions and practical considerations for managing assets and minimizing taxes. Chapters 00:00 Introduction to estate planning and common questions 02:08 Why transferring assets to an RA at an old age can be problematic 03:07 Tax implications of estate duty and retirement fund withdrawals 04:29 Risks of over-contributing to an RA and estate implications 06:20 How retirement fund payouts are regulated and their impact on estate 07:18 The role of trustees and nomination in retirement fund payouts 08:39 Alternative strategies to mitigate estate duty and fees 09:25 Balancing estate planning with quality of life for the elderly 11:22 When and why to consider an RA after retirement 12:53 Additional considerations: estate duty abatement and inheritance planning Learn more about how Curate Investments can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
Wednesday · 23 min
Why Most People Don't Have Wills and Why They Should
In this final FISA episode, Warren Ingram speaks to Chris Murphy, Director at Legacy Private Trust Pty, and chairperson of FISA, about estate planning. They discuss common myths, the importance of having a will, and practical tips for protecting your family and assets. Chapters 00:00 Introduction to Estate Planning 01:08 Busting Myths About Estate Planning 04:21 The Importance of Having a Will 04:52 Consequences of Dying Intestate 07:24 Guardianship and Minor Children 10:47 Financial Considerations in Estate Planning 13:26 Choosing the Right Executor 18:21 Finding Professional Help for Estate Planning Learn more about how FISA can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
August 22 · 23 min
The Retirement Annuity Myth That's Costing You Wealth
In this episode, Warren Ingram and Pieter de Villiers discuss the nuances of retirement planning, the role of retirement annuities, and how to make informed investment decisions in a changing regulatory landscape. Chapters 00:00 Introduction to Retirement Planning and Common Questions 00:27 Guest Introduction and Main Question on Retirement Annuities 00:53 Analysis of Retirement Savings and Withdrawal Strategies 01:19 The Cost and Fees of Retirement Annuities Today 02:19 Investment Choices and Regulation 28 Changes 04:01 Tax Benefits and Flexibility of Retirement Funds 06:04 Comparing RA and Discretionary Investments Long-term Performance 07:21 Tax Implications of Different Investment Vehicles 08:39 Risks of Government Regulation and Prescribed Assets 10:09 Post-apartheid Changes in Retirement Fund Regulations 11:25 The Flexibility of Living Annuities and Asset Allocation 13:10 Balancing Retirement and Discretionary Investments 14:43 The Importance of Diversification and Multiple Investment Vehicles 16:37 Practical Considerations for Dying and Inheritance 17:25 The Benefits of Nomination and Fast Access to Funds 18:20 Avoiding Strong Opinions and Embracing Evolving Products 19:09 The Role of Content and Personal Filtering in Investment Decisions 20:12 The Value of a Balanced, Multi-vehicle Investment Approach 21:04 Closing Remarks and Audience Engagement Learn more about Prescient Investment Management here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
August 19 · 25 min
Trusts Uncovered: When and Why to Use Them
In this episode, Pieter de Villiers and Eben Nel, FISA Councillor and Fiduciary Adviser at PSG Wealth, discuss the complexities of estate planning through trusts, including when they make sense, their benefits, and legal considerations. Learn how trusts can protect wealth, facilitate long-term planning, and the importance of proper setup and management. Chapters 00:00 Introduction to Trusts and Estate Planning 01:11 Understanding the Purpose of Trusts 05:25 When to Consider a Trust 08:32 Evaluating Wealth and Trust Necessity 10:27 The Role of Testamentary Trusts 11:24 Legal Implications of Trust Control 18:06 Managing Dormant Trusts and Responsibilities Learn more about how FISA can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
August 15 · 17 min
The 3 Taxes Quietly Eating Your Investment Returns
In this episode, Warren Ingram and Pieter de Villiers explore the complexities of investment taxes, including income tax, dividends tax, and capital gains tax, and how they impact your investment returns over time. Our experts clarify common misconceptions and provide practical insights on managing tax efficiently in your investment strategy. Chapters 00:00 Introduction to Investment Taxes and Their Importance 02:16 Practical Overview of How Taxes Work on Shares 05:02 Income Tax and Its Impact on Investments 06:21 Comparison of Different Tax Types on Investment Returns 07:09 Additional Taxes and Indirect Tax Considerations 08:58 Investment Strategy: Growth First, Tax Second 10:14 The Cost of Paying Excessive Tax on Interest 12:04 Retirement and De-Risking Investment Portfolios 13:24 Asset Allocation and Tax-Efficient Investing 14:23 Conclusion and Key Takeaways on Investment Taxes Learn more about how Curate Investments can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
August 12 · 41 min
Avoid These Estate Planning Errors
In this episode, Pieter de Villiers and Ricky Opperman Knipe, Director of Marketing and Communications at Sentinel International Group, and Counselor of FISA, discuss the critical importance of wills, common mistakes, and how to properly plan for estate succession, especially for parents and business owners. Chapters 00:00 Introduction to estate planning and the importance of wills 00:29 Why a will is one of the most important documents in your life 02:15 Consequences of passing away without a will 04:37 Handling estate assets for parents with minor children 05:57 What happens to business shares without a will 09:19 Legal requirements for a valid will in South Africa 13:07 Common mistakes in drafting a will and how to avoid them 17:46 Dealing with offshore assets and international estates 26:30 When and how to review and update your will 34:03 Managing crypto assets and digital inheritance 36:37 Best practices for storing and safeguarding your will Learn more about how FISA can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
August 8 · 23 min
From London to the World: A Journey of Financial Freedom
In this episode, Warren Ingram invites Robert Edwards to speak about his inspiring journey from a successful career in London to traveling the world and writing his book 'Quit, Travel, Grow.' Discover insights on financial independence, intentional living, and the transformative power of travel. Chapters 0:00 Meet Robert Edwards and his unusual career path 1:37 Why Robert wrote Quit, Travel, Grow 2:56 Financial discipline and the power of being intentional 4:05 London life, lifestyle trade-offs, and the real cost of earning more 6:57 The mid-30s plateau and the urge for change 8:25 How a quick decision became a 12-month travel journey 9:18 Why Robert chose countries off the usual travel path 10:17 Money, culture, and what people want everywhere 11:59 Getting mugged in Colombia and what it taught him 13:26 Why perspective matters when comparing South Africa to the world 16:09 Ending the trip and coming home after a year away 17:19 Best-value destinations for South Africans to travel to 22:10 What financial freedom really means 24:01 The lesson Robert would teach his 21-year-old self 25:56 Final thoughts and book title reveal Want a copy of Robert's book? Find a physical copy here or the ebook version here. Learn more about Prescient Investment Management here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
August 5 · 27 min
Estate Planning Made Simple: Protect Your Legacy
In this episode, Pieter de Villiers and guest speaker Angélique Krügel, FISA counselor and director of Wealth and Legacy Group, break down estate planning into simple terms, explaining its importance, process, and common pitfalls. Perfect for anyone looking to understand how to protect their assets and ensure their wishes are honored after passing. Chapters 00:00 Introduction to estate planning and guest introduction 01:10 What is estate planning? Simplified explanation 02:23 Why estate planning is often overlooked 02:54 What happens when you pass away? The estate process 03:47 Assets involved in estate planning: property, aircraft, and financial products 05:46 The relationship between wills and estate planning 07:07 Nomination of beneficiaries and the role of trustees 07:59 Liquidity issues in estate management 09:19 Tax implications: estate duty, capital gains tax, and transfer costs 10:50 Handling estate liquidity shortfalls and asset liquidation 12:21 Legal considerations for guardians and minors 14:24 The importance of updating estate plans regularly 15:26 Dealing with debt and insolvency in estate planning 16:18 Loans, trusts, and asset transfers in estate planning 18:01 International assets and cross-jurisdiction estate planning 22:38 Common mistakes in estate planning and how to prevent them 23:53 The importance of professional guidance and early planning 25:21 Final thoughts: estate planning for everyone Learn more about how FISA can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
August 1 · 27 min
How to Know When You Need a Financial Advisor
In this episode, Warren Ingram and Pieter de Villiers discuss when and why to seek professional financial advice, the different types of engagement with financial planners, and how to determine the right approach for your life stage and personality. Chapters 00:00 Introduction and overview of questions about financial advice 00:28 The importance of understanding your own financial personality 02:06 When does it make sense to seek professional financial help? 03:18 The three broad personality groups: DIYers, delegators, and validators 04:44 The control and control aversion in financial decision-making 07:28 The value of financial literacy and continuous learning 11:47 Life stages and their impact on financial planning needs 14:34 Different ways to engage with a financial planner 17:18 The importance of accountability and external perspectives 20:50 The risks of overconfidence and blind trust in financial decisions 23:47 The analogy of medical advice and the importance of professional guidance 25:40 How to choose the right financial advisor and engagement model 27:04 Closing remarks and encouragement to ask questions Learn more about how Curate Investments can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
July 29 · 26 min
Why Most South Africans Get Estate Planning Wrong
In this episode, Warren Ingram invites Jan du Plessis, CEO of the Fiduciary Institute of Southern Africa (FISA), to do a series on the importance of estate planning for all South Africans. They discuss common pitfalls, legal requirements, and practical tips to ensure your estate is in order and your loved ones are protected. Chapters 00:00 Why Estate Planning Matters for Everyone 02:01 The Most Common Estate Planning Mistakes 04:25 Why Wills Need Regular Updates 07:58 Guardianship, Children, and Trusts 12:07 Divorce and Invalid Wills 13:21 What Makes a Will Legally Valid 16:04 Undue Influence and Inheritance Disputes 20:49 Why Fiduciary Professionals Matter 23:35 Final Advice: Don’t Leave It to Chance Learn more about how FISA can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
July 25 · 29 min
The Science of Winning: George Kusche's Journey to Comrades Record
In this episode, Warren Ingram and Pieter de Villiers invite guest speaker George Kusche to talk through his remarkable journey of winning the Comrades Marathon while balancing full-time studies in actuarial science, family, and personal development. Discover how he maintains focus, consistency, and purpose across multiple demanding areas of life. Chapters 00:00 Introduction to George Kusher 02:23 Balancing Life and Ambition 05:43 The Path to Becoming a Comrades Champion 10:27 Mental Strategies During Races 15:29 The Journey vs. Destination 20:43 Overcoming Challenges and Finding Fulfillment 22:35 The Science of Training and Sharing Knowledge https://www.gorunmore.com Learn more about Prescient Investment Management here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
July 18 · 24 min
What Actually Happens to Your Debt When You Die?
In this episode, Warren Ingram and Pieter de Villiers explore the complexities of money personalities, the implications of debt, and how different life choices impact financial well-being. They discuss practical scenarios, psychological perspectives, and the importance of balance in personal finance. Chapters: 00:36- The importance of conversations around money 01:48- Long-term consequences of debt and estate implications 02:18- Exploring the four main money personalities 04:06- Risks associated with debt behaviors and lifestyle choices 04:35- The impact of personality on wealth accumulation and life satisfaction 06:00- Practicalities of debt at death and estate settlement process 07:15- How banks evaluate creditworthiness and the role of insurance 09:16- Estate priorities and typical debt repayment sequences 10:14- Selling assets to settle estates and consequences for beneficiaries 12:20- Risks for joint estates and shared debt liability 15:07- Living for today versus planning for future security 16:40- The influence of childhood and environment on money habits 17:08- Finding a balance: enjoying life and being prepared 18:30- Recognizing the value of both saving and savoring the moment 21:53- The concept of life phases and prioritizing accordingly 22:46- Encouraging open conversations and sharing different perspectives Learn more about how Curate Investments can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
July 11 · 23 min
Carrying Your Partner's Debt Is Destroying Your Wealth
In this episode, Warren Ingram and Pieter de Villiers discuss managing financial relationships, debt, and planning for education savings, emphasizing open communication and strategic planning. Chapters 00:00 Introduction to the episode and guest 00:26 Question from listener about partner debt and savings 02:10 The importance of self-care and financial boundaries 03:59 Managing relationship dynamics and money personalities 07:36 The role of open communication and professional help 08:45 Building shared financial goals and avoiding resentment 11:34 Strategies for saving for children's education 13:29 Paying off mortgage as a financial anchor 15:41 Investment vehicles for education savings 18:21 The importance of discipline and avoiding costly policies 20:07 Conclusion and encouragement for ongoing dialogue Learn more about Prescient Investment Management here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
July 8 · 30 min
Mastering Diversification: Building Resilient Investment Portfolios
In this bonus episode, Warren Ingram and Ray Mhere, CEO of Curate Investments, explore the intricacies of investment diversification, asset allocation, and long-term financial planning. They share practical insights on building resilient portfolios, avoiding common pitfalls, and educating the next generation about wealth management. Chapters 00:00 Introduction to Diversification 01:31 Understanding True Diversification 05:15 Types of Diversification 10:06 The Role of Balanced Funds 14:41 Monitoring and Adjusting Your Portfolio 18:08 Building a Diversified Portfolio 22:00 Long-Term Investment Strategies for Children 26:52 Final Thoughts on Early Investment Learn more about how Curate Investments can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
July 4 · 14 min
How To Switch Funds Within A TFSA
In this episode, Warren Ingram and Pieter de Villiers answer your questions about tax-free savings accounts, including setup for children, investment switching, and transfer rules, providing practical insights to maximize benefits. Chapters 00:00 Introduction to tax-free savings questions 02:09 Setting up a tax-free account for a child 04:03 Contributions and donations tax considerations 06:25 Switching investments within a tax-free account 08:09 Transferring and consolidating accounts 09:02 Implications of switching ETFs and funds 10:49 How to transfer funds between providers 12:03 Encouragement for questions and future topics Learn more about how Curate Investments can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
June 27 · 29 min
How Much Fees Should I Be Paying On My Investments?
In this episode, Warren Ingram and Pieter de Villiers break down one of the most confusing parts of investing: total fees. They explain how to understand the full cost of investing through effective annual cost, including investment management fees, platform/admin fees, and advisor fees. Chapters 00:00: Introduction to the fee question 01:55 :What effective annual cost means 02:24: Investment management fees: active vs passive 05:04: Performance fees and realistic fund fee ranges 07:11: How to compare fund performance fairly 09:03: Admin fees and platform types 10:01: LISPs vs brokerage platforms 12:53: Why index trusts can be cheaper than brokerages 14:42: Service quality, tax reporting, and hidden costs 17:04: Advisor fees and compensation models 18:21: Why commission-based advice is problematic 19:17: Flat fees, hourly fees, and ongoing retainers 24:06: Why an advisor can add value beyond picking funds 26:28: Practical fee ranges for total costs 28:24: Final takeaway: price vs value Learn more about Prescient Investment Management here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
June 20 · 23 min
How To Invest Directly Offshore As A South African
In this episode, Warren Ingram and Pieter de Villiers discuss offshore investing strategies, building financial literacy, and helping others with savings and retirement planning. They explore practical tips for long-term wealth building and the importance of financial education. Chapters 00:00 Introduction and episode overview 00:25 The importance of offshore investment domicile 02:52 Choosing the right jurisdiction for offshore ETFs 04:38 Mechanics of currency conversion and transaction costs 06:28 Long-term investment strategies and asset allocation 08:44 Risks of individual stocks vs. index funds 10:11 Timing and market considerations for offshore investing 11:33 Helping others build financial literacy and savings 13:58 Starting conversations about financial goals 15:53 The ripple effect of financial education 17:29 Practical tips for small investors 21:21 Closing remarks and engagement encouragement Learn more about how Curate Investments can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
June 13 · 24 min
How To Choose A Global Index Fund As A South African
In this episode, Warren Ingram and Pieter de Villiers discuss strategic investment choices, tax-efficient savings, and financial planning for expatriates and young investors. The conversation covers diversified ETFs, tax-free accounts, and offshore investments, providing practical advice for long-term wealth building. Chapters: 00:00 Introduction and Episode Purpose 00:24 Listener Questions and Engagement 01:12 Investing in MSCI ACWI ETF for Long-Term Growth 02:05 Maximizing Tax-Free Savings and Contribution Limits 02:47 Choosing the Right Diversified ETF for Retirement 05:44 Funding Education with Tax-Free Accounts 07:23 Managing Investment Risks for Short and Long Term 09:37 Teaching Kids Financial Literacy and Involving Them in Investments 10:28 Expat Investing: Tax and Currency Considerations 13:17 Importance of Tax Planning for International Investors 14:34 Understanding MSCI All Country World Index (ACWI) and JSE 16:18 US Domicile ETFs and Tax Implications 17:41 Asset Allocation and Global Diversification Strategies 18:39 Retirement Contributions and Offshore Income 20:00 Managing Offshore Investments and Tax Laws 21:50 Final Advice and Encouragement for Investors Learn more about Prescient Investment Management here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
June 6 · 28 min
Should I Invest In Silver As a South African?
In this episode, Warren Ingram and Pieter de Villiers cover investing in precious metals like gold and silver, and managing car loans effectively. Experts share insights on diversification, the role of commodities in portfolios, and practical advice on vehicle ownership and debt management in this Q&A. Chapters 00:00 Introduction and Audience Engagement 00:22 Questions from the Audience on Precious Metals 02:15 Investing in Gold and Silver: Perspectives and Strategies 03:40 The Wealthy Families' Approach to Precious Metals 05:28 Gold and Silver: Hedge Against Fear and Inflation 07:21 ETFs vs Physical Assets: Pros and Cons 08:44 Diversification Limits and Market Exposure 10:34 Simplifying Portfolio Management and Avoiding Overengineering 11:34 Doomsday Preppers and Asset Choices 13:07 Audience Question on Car Loan Management 15:21 Strategies for Managing Car Ownership and Loans 22:48 Cost-effective Car Ownership and Maintenance Tips 25:42 Final Thoughts and Audience Engagement Learn more about how Curate Investments can help you here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod
May 30 · 27 min
The Future of AI in Business: Opportunities and Challenges
In this episode, Warren Ingram and Ruphert Hare explore the impact of artificial intelligence on various industries, emphasizing its current applications, future potential, and the importance of staying updated. Rupert from Prestient Investment Management shares insights on AI integration, misconceptions, and the evolving job landscape. Chapters 00:00 Introduction to AI in Financial Services 02:47 The Evolution of AI and Its Impact 05:14 Job Displacement and Economic Growth 07:50 The Role of Human Touch in AI 10:49 Future-Proofing Careers in an AI World 13:21 The Rise of Craftsmanship and Niche Skills 15:56 Democratization of Skills and Services 18:50 The Future of Financial Planning 21:17 Conclusion and Final Thoughts Learn more about Prescient Investment Management here. Send us Fan Mail Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

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