Kabous Le Roux30 April 2024 | 7:39
How to retire (or stop working for money) by the age of 40
Certified Financial Planner Warren Ingram recaps the principles ‘supersaver’ Julia, a young client of his, is following on her way to financial freedom.
© mihtiander/123rf.com
For years, The Money Show's Bruce Whitfield dazzled listeners with an annual interview of 'Supersaver Julia” and her financial advisor Warren Ingram.
In this interview from our archives (10 August 2018), Ingram gave a recap of the nine principles Julia has followed in her mission to be financially free by the age of 40:
* Have a clear goal.
* Aim for a balance between 'wants' and 'needs'
* Focus on the long term.
* Keep your investments simple.
* Ignore market cycles, except to buy more when markets are falling.
* Diversify your investments.
* Start as early as possible.
* Don’t give yourself excuses.
* Stick to your savings goal – hers was 33%, but others could aim for 15%.
Listen to the interview using the audio player below: