INSIDE YOUR POCKET – 11 ways to save like a billionaire

Loading player...
Financial Planner at Consult by Momentum

Maybe it’s crossed your mind at some point in time that it must be really rather nice to be, well, ridiculously rich. You’ve possibly even given some thought to what car you’d buy, or what you’d want to splash out on for a loved one. But beyond purchasing the odd lotto ticket or being somewhat tempted by that investment ‘opportunity’ that spells Pyramid scheme, there’s not all that much you can do (at least, not legally) that’ll get you rich quick, right?

In fact, Warren Wilkinson, Franchise Principal and Certified Financial Planner at Consult by Momentum, says there is actually quite a bit you can do that will set you on the right track to becoming wealthy – though it certainly won’t get you there overnight.

Wilkinson has noticed several patterns and behaviours that are more commonplace among his wealthier clients. “Yes, well-off individuals typically display a good work ethic and have earned their stripes in the field that they work in, but they’ve also gotten to a very comfortable place financially because of how they save, invest and spend their money.” Wilkinson shares 11 savings habits he has noticed in the uber-wealthy, which anyone can practise. And while they may not get you on the cover of Forbes, they’ll certainly put you in a better financial position over time.
14 Sep 2023 1PM English South Africa Business News · Investing

Other recent episodes

One Year Into The Two-Pot System: How Much Have South African’s Withdrawn?

Guest - Nzwa Shoniwa, Managing Executive: Sanlam Umbrella Solutions From 1 September 2024 to 31 August 2025, Sanlam Corporate paid out approximately R4 billion across 223 000 emergency-pot claims with R1 billion in tax flowing to SARS. On average, we are paying out about R150 million a month, but when…
11 Sep 10AM 14 min

Discovery Group Delivers 30% Rise In Profits

Guest - Hylton Kallner, CEO of Discovery South Africa and Discovery Bank Discovery has delivered record results, posting a 30% surge in profit and entering a new phase of scaled growth with its two main composites, Discovery South Africa and Vitality. We’re joined by Hylton Kallner, CEO of Discovery South…
11 Sep 9AM 18 min

FirstRand Post 10% Rise In Earnings And An Impressive 20% Return On Equity

Guest – Mary Vilakazi – CEO of FirstRand South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove…
11 Sep 9AM 16 min

What Tractor Sales Tell Us About The State Of Agriculture In South Africa?

Guest – Thabile Nkunjana, Agricultural Economist Agricultural Machinery Sales indicate that August tractor sales of 700 units were 22% more than the 572 units sold in August last year. There have been welcome reactions from agricultural associations about the increase in machinery sales.
10 Sep 10AM 20 min