From Debt to Growth: Your Money Roadmap in Your 20s & 30s

In this episode, Warren Ingram and Pieter de Villiers discuss essential financial principles for young adults, focusing on the importance of paying off debt, the benefits of tax-free savings accounts, and long-term investment strategies. They speak to the significance of education in financial success and the need to choose the right retirement products. 

Takeaways

• Investing is the fun part of managing money.
• Pay off bad debt before starting to invest.
• Tax-free savings accounts are a valuable tool.
• Long-term investments should focus on growth assets.
• Market volatility is normal; stay invested for the long term.
• Invest in your financial education for better returns.
• Avoid high-fee retirement products.
• Automate your investments for consistency.
• Don't get caught up in daily market fluctuations.
• Your ability to earn is your greatest asset. 

Learn more about Prescient Investment Management here.

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