2024 in Review: Inflation, Tech Stocks, and Emerging Markets in 2025
Welcome to the new year, in this episode Warren Ingram reflects on the events of 2024 and shares insights for the upcoming year. He discusses the changes at Honest Money, including new written and video content, and delves into the political landscape's impact on economies, particularly in South Africa. Warren highlights the importance of inflation and interest rates in the global economy, the valuation of tech stocks, and the potential of emerging markets, emphasizing the need for diversification in investment strategies for 2025.TakeawaysHonest Money is expanding its content offerings with more written articles and video content.The political landscape in 2024 has led to significant changes in voter sentiment and party dynamics.Inflation and cost of living are major concerns for voters globally, impacting political outcomes.South Africa is experiencing a shift in governance with a government of national unity.The outlook for energy supply in South Africa is improving, with hopes for reduced load shedding.National health insurance poses a risk to the healthcare sector in South Africa if not managed properly.Global inflation trends will influence central bank policies and interest rates in 2025.Tech sector valuations are high, raising concerns about sustainability and future growth.Emerging markets present investment opportunities, but caution is advised due to varying economic conditions.Diversification across asset classes is crucial for investors in an uncertain global environment.Get access to all our written content, tips & finance tricks HERE.Send us a textHave 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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16:18
Sustainable Wealth: How ESG Principles Are Shaping Smarter Investments
In this episode, Warren Ingram and Michelle Green, Credit Analyst at Prescient, delve into the concept of ESG (Environmental, Social, and Governance) investing. They explore its significance in aligning investments with personal values, the interconnectedness of ESG factors, and the challenges posed by ESG ratings. They also addresses the future of ESG amidst skepticism and provide practical steps for investors looking to incorporate ESG principles into their investment strategies.TakeawaysESG stands for Environmental, Social, and Governance factors.Investing with ESG principles can lead to more resilient companies.The interconnectedness of ESG factors is crucial for holistic evaluation.Critiques of ESG ratings highlight the need for transparency and accountability.Long-term focus is essential for successful ESG investing.Investors should align their objectives with their values when considering ESG.Research shows that sustainable investing can outperform traditional methods.Engagement with companies is more effective than divestment in driving change.Understanding the methodology behind ESG ratings is vital for informed investing.Seeking financial advice can enhance understanding and options in ESG investing.Get more insight on how Prescient Investment Management can help you here.Send us a textHave 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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22:44
Rational Wealth: Managing Fear for Smarter Financial Choices
In today's episode Warren Ingram and Dr. Marc Rogatschnig explore the profound impact of fear on financial decision-making. They discuss how fear and anxiety can lead to irrational choices, particularly in the context of investments and money management. The discussion delves into the evolutionary roots of fear, the concept of hypervigilance, and practical strategies for managing fear to make more rational financial decisions. Don't forget to grab a copy of Warren's new book, Small Changes for Big Results, here: https://bit.ly/4fPGmB4TakeawaysFear significantly influences our financial behaviors.Understanding fear is crucial for better decision-making.Hyper vigilance can lead to irrational financial choices.Smart individuals may struggle more with fear-based decisions.Facing fears can help in overcoming them.Limiting exposure to negative influences is beneficial.Rational thinking is often compromised by fear.Asking positive questions can shift perspectives.Books provide deeper insights than fleeting news.Recognizing emotional triggers is key to managing fear.Get more insight on how Prescient Investment Management can help you here.Send us a textHave 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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25:42
Growing Futures: Unlocking Tax-Free Savings for Your Child
In this weeks episode, Warren Ingram discusses the significance of tax-free savings accounts for children, emphasizing the long-term benefits of early contributions. He explains the mechanics of these accounts, including contribution limits and the importance of not withdrawing funds prematurely, and highlights the power of compounding growth with the potential for substantial wealth accumulation by the time the child reaches adulthood.TakeawaysIt's a no brainer for parents to fund a tax-free savings account for children.Starting contributions early provides a significant growth advantage.The lifetime contribution limit is R 500,000, not the investment value.Withdrawals reduce the lifetime contribution limit, so avoid them unless necessary.Contributions can come from family members, not just parents.Setting up a tax-free savings account is easy for minors.Gifting contributions instead of material items can lead to financial freedom.Compounding growth can lead to substantial wealth by adulthood.Encouraging contributions from family can maximize benefits.Financial education is crucial for future generations.For more valuable insights from the 10x team, click here.Send us a textHave 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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7:50
Imposter Syndrome and Your Wallet: Breaking the Cycle of Emotional Spending
In this episode, Warren Ingram and Dr. Marc Rogatschnig delve into the complexities of imposter syndrome and its impact on financial behaviors. They explore how emotional spending can stem from low self-esteem and the need for external validation. The conversation emphasizes the importance of understanding the underlying motivations behind spending habits and offers strategies for overcoming these challenges through empathy and self-reflection.Get your copy now: https://bit.ly/4fPGmB4TakeawaysImposter syndrome is a common experience affecting many individuals.Behavior change is challenging and requires sustained effort.Material possessions can be used to boost self-worth, often unconsciously.Empathy is crucial when addressing spending behaviors.Rebuilding confidence is a journey, not a quick fix.Self-worth should come from within, not from external validation.Recognizing triggers for imposter syndrome can help in managing it.Social media can exacerbate feelings of inadequacy.It's important to acknowledge and accept one's imperfections.Having supportive conversations can lead to personal growth.Get more insight on how Prescient Investment Management can help you here.Send us a textHave 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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