Author: Kim Potgieter

Write your own money script

Blond woman on couch in front of bay window

Over the years, I have come to understand that your relationship with money reflects the relationship you have with yourself. In many ways, money issues mirror your mindset, your ethos, the things you believe about your life.

This relationship you have with money can either be constructive and healthy, or it can boycott your personal (and financial) wellbeing. I have met clients who simply believe in abundance and this impacts how they approach money and their lives. I have also met clients with deep-rooted fears about money that often stem from their early childhood years. This destructive relationship with money becomes their reality and writes the script for their money stories into their retirement years.

Your money story is the subconscious tale you tell yourself about what money means to you and it determines the relationship you have with money. How you think, feel and engage with money represents your personal reality.

Unfortunately, uncertainty in the economic and political arena can often trigger emotional and behavioral responses rooted in fear. We start worrying about our savings and investments and start making irrational money decisions based on anxiety.

I am constantly reminded how challenging money stories can be. To fully understand your money story takes some introspection – it is hard work try to make sense of the psychology and the personal drivers behind your particular relationship with money.

Bruce Lee expressed it so beautifully by saying “As you think, so shall you become.” And this is true for money stories. We are the ones that give meaning to money, and the meaning we give to money manifests in our self-statements and behaviour. Once we understand our money stories and can extrapolate how this has formed our relationship with money, we can begin to understand the money patterns that are governed by our stories.

The goal is to get to a place of deciding whether our relationship with money serves us, or whether we need to make changes to the story.

If you are feeling anxious about how you are transacting in the money space or would like to do some introspection on your relationship with money, I invite you to read the money story articles that form part of my Courageous Currency blogs. It is a series of six articles taking you through the journey of understanding, taking ownership, assessing and changing your money story. The links to these blogs are listed below:

Making sense of money stories

Your money story

Taking ownership of your money story

Assessing your money story

Live your new money story

The brave new you

Understanding our money myths – our stories – are essential if we’re wanting to know ourselves a little better and make sure that we make the best decisions going forward.

Best wishes,

Sally Williams: an extraordinary person behind a remarkable brand

Whether you’re thinking about the delicious nougat and ice cream, or the person herself, Sally Williams is nothing short of delightful. My ten days spent with Sally Williams this past December on holiday in Rocktail Bay was inspirational! It went beyond just a wonderful break, jam-packed with everything that makes a holiday perfect: fun, time to relax and spending time with my family and friends.

These ten days were motivational. Infectiously so, because without even trying, Sally has a way of inspiring you to live life to the full. She does that with authenticity because she’s a living example of how mid-life can be the start of a whole new chapter.

The incredible thing about her story is that, at a time where most people are thinking of their retirement years, Sally’s life was about to restart – at 54 years of age. With her abundant positive attitude that helped her enlist the right people along the way, she truly embodies the notion that anything is possible.

I first met Sally as a student in her cooking school and was one of the first to taste her nougat trial recipes. “I practised for two years and made sure it wasn’t too sticky or too sweet,” Sally remembers. “My cookery students were the tasters.”

After supplying her nougat to a few retail outlets, she knew she was onto something magical. Driven by her entrepreneurial spirit, and often staying up through the night cutting her nougat by hand, wrapping it in wax paper, and personally delivering orders, she made a net profit of 1.4 million in her first year – all from her garage.

Even though Sally had incredible support from her late husband who doubled up as her bookkeeper, she soon realised that she needed outside help to sustain the business’s unprecedented growth. She brought on her son-in-law as a silent partner and recruited newly-graduated chefs to help make the nougat and bring some fresh thinking into the brand. At this point, her nougat was already selling internationally.

After 18 months, Sally moved her business from her garage to a factory in Kramerville in Johannesburg. She kept up this extremely busy pace for eight years until her (now late) husband, who had retired before she did, suggested that they sell the brand and enjoy the fruits of their labour. Sally was 62 years old at the time.

Sally believes unwaveringly that the secret to her success is excellent customer service, even though I believe that the heavenly nougat had at least something to do with it. Her advice for aspiring entrepreneurs: Passion. Energy. Determination. “If you have a good idea, go for it!” says Sally. “Failures are inevitable, brush them off and carry on. Don’t give up too easily. Good quality-control and excellent customer service goes a long way.”

Being married for 52 years with four children, nine grandchildren and a successful household brand is truly a remarkable achievement for anyone. But Sally is not quite done yet. She is gearing up for her next project: writing her own recipe book. Sally is once again determined to team up with technologically savvy younger generation to turn this idea into a reality and I am eager to hear what this mentee and mentor relationship will yield.

I feel so grateful to have spent this time with someone with so much courage and positivity. I hope that by sharing Sally’s story, you too can find your courage to persevere in reaching your end goal – and perhaps teaming up with someone from the younger generation is just what you need to give your next project a little jump start!

A mindshift in midlife – working takes on a new perspective

If you’re feeling a bit stuck in the midlife phase and transition into the next chapter of your life, why not read Chip Conley’s new book, Wisdom at Work: The Making of a Modern Elder. This book is based on his experiences and insights as he transitioned from CEO of the hotel group Joie de Vivre, which he ran for 24 years, to joining Airbnb as mentor to cofounder, Brian Chesky. Conley felt a bit out of his depth in this very modern, digital environment and quickly discovered that he had as much to learn as he had to teach.

He started a knowledge sharing culture at Airbnb where the elders and mentees both learnt from and shared knowledge with each other. “That’s the new sharing economy—sharing wisdom across generations,” he said. “Mutual mentorship is the future.”

The course I will be attending this month, Consciously Curated Life, is part of a series of workshops run by Chip Conley’s Elder Academy and based on his book. What excites me most about attending this course is sharing the wisdom with our RetiremeantTM community.

For many people, the mere thought of what they are retiring TO fills them with fear and anxiety. It’s about not feeling relevant and no longer “fitting in” to the modern workplace. It’s also about having to adapt, change and finding new opportunities when you may not be ready to leave where you are currently.

I often meet clients in their 50s and 60s who have been forced to retire. The “what next” question causes overwhelming stress as they were not prepared for this transition. In some cases, the need to supplement income to add to retirement investments becomes so urgent and overwhelming that it is almost impossible to look beyond the immediate financial concerns.

They key is in the planning. It’s about thinking and reflecting on your own special talents, that unique self that you bring to the world, and finding a way to repurpose your skills and wisdom into something that is meaningful. It’s about pausing, giving yourself the time to consider how you can adapt towards being relevant and where you can add the most significance where your work is concerned.

So yes, my bags are packed and I’m ready to go! I will be taking that extra empty suitcase and bring it home filled to the brim with tools, tips, learning and wisdom to share in our Retire Successfully workshops, future blogs and Life Planning meetings.

I am confident that together we will make this transition easier from midlife to what’s next on the journey.

The practice of happiness

Can you recall how many times you have said, “I just want to be happy”, or have uttered the same sentiments to your children or loved ones?

Happiness is a basic human need; everyone deserves to be happy. Sonja Lyubomirsky, in her 2007 book, The How of Happiness, describes happiness as “the experience of joy, contentment, or positive well-being, combined with a sense that one’s life is good, meaningful, and worthwhile.”

Happiness, or being happy, is not often easily achieved. Let me explain by asking you this: Do you set tasks or goals in the pursuit of happiness? Do you start your happiness sentences by giving yourself a deadline? For example; “If I had …, I would be happy” or “When I accomplish …, it would make me happy?”

The pursuit of happiness starts from within. Happiness exists within each of us. And here’s the truth: we are the catalysts of our own happiness. So, to be happy, you must know what makes you happy. You have to discover that place in your heart that makes you leap for joy. And that takes courage. The courage to embrace the opportunities that life brings your way.

Happiness asks you to be brave, to actively challenge yourself to embark on journeys that may scare you, and to be fearless in your pursuit of that which brings you joy.

When we allow others to decide for us, permit the voice of fear to enter our minds, play it safe or prioritise pleasing others ahead of ourselves, it is then that we lose our way in the pursuit of happiness.

The key is to be authentic and true to ourselves.

Here are my top four tips for actively practising happiness:

  1. Life is a journey, not a destination
    Life itself is the great journey. There is no destination. Be conscious that each moment of every day is a part of this journey and that each moment has the potential to fulfill you. Our family life, work, hobbies, morning walk, time with friends – all these are unique opportunities to experience moments of happiness. Hidden within these simple daily activities lies the meaning of our lives. Simply appreciate what is in your life today. Practise finding joy today. Practise feeling compassion today. Experience today to its fullest potential.
  2. Celebrate your uniqueness
    Your uniqueness is your greatest gift. Applaud your own ‘me-ness’ and that of others. Just being who you are, and authentically being yourself, brings a special gift to the world.
  3. Personal reflection
    Have conversations with your inner voice – that voice that reminds you of who you are and what you need to be fulfilled. Listen to your intuition. Prayer, meditation or just spending quiet time with yourself, by yourself, will facilitate an awareness of a deeper sense of meaning and purpose in your own life.
  4. Every moment counts
    Practise finding simple moments of joy in the everyday. Notice how many daily experiences bring you pleasure. Think of happiness as something to be experienced and enjoyed many times.

Author of Mindpower, John Kehoe reminds us to practise happiness rather than to search for it. He believes that happiness is a choice; if you want to be happy, look at your life and find reasons to be happy. Likewise, if you want to be unhappy, then you will find many reasons to be unhappy.

I’d love to hear what brings you happiness and am excited to share many happy conversations with you this year.

Warm regards

Giving is Receiving

The festive season is fast approaching and if you’re anything like me, you already have a long list of gifts planned for all the special people in your life. There is much to be said about the joy of giving. Simply gifting someone with something, no matter how big or small, brings so much joy! The joy is not measured in the smile, the gratitude or the ‘thank you’, but in how it makes you feel.

Female posed on couch with a cappuccino and book
Kim Potgieter, Director and Head of Life Planning at Chartered Wealth Solutions

According to research, giving produces endorphins and studies have found evidence that the act of giving increases our sense of happiness. But what then of receiving?

Giving through growing our relationship

In order to give, there must be a receiver, and most of us are somewhat uncomfortable receiving. To receive graciously is to acknowledge the intention of the gift. Giving and receiving are reciprocal and something that happens in flow. Deepak Chopra says: “The universe operates through dynamic exchange . . .  giving and receiving are different aspects of the flow of energy in the universe. In our willingness to give that which we seek, we keep the abundance of the universe circulating in our lives.”

As I reflect on the client RetiremeantTM workshops that we hosted for the first time this year in Port Elizabeth, Cape Town and Johannesburg, I realise how powerful this relationship of giving and receiving really is.

We were extremely touched by the feedback from these workshops. We loved hearing what Chartered means to our clients; how they value the support they receive from our RetiremeantTM Specialists, and appreciate our newsletters and events. It was an extremely humbling experience and we are so grateful for all the positive feedback and messages of gratitude.

Giving through sharing your stories

For us, the circle of giving and receiving is ever expanding as our relationship with our clients grows. We love giving back to our clients, whether it’s a special event, a workshop or a communique. But in return, we receive so much more. Without fail, after every single event with our clients, we bring home a wealth of wisdom, sincere stories and a deeper insight into what RetiremeantTM really means to our clients.

Thank you to all our clients who so openly and honestly share their real life experiences with us. There are many transitions in the RetiremeantTM years, and so many stories to share: stories of hope, of loss, of emotional strain, stories of new beginnings and exciting adventures, difficult stories, happy stories, RetiremeantTM stories. Whatever your story, it is a story worth knowing – and telling.

We treasure your stories and, with your approval, it is our privilege and pleasure to share them with other clients navigating the same transitions. And this is exactly why our giving-receiving relationship adds value to us and our clients. Your stories are inspirational, motivational and empowering. Your insights are a wonderful source of comfort to clients; it helps them know that there are people who share the same experiences, it helps them connect to a community of like-minded people and it provides wisdom and insight into dealing with the many transitions in retirement.

Thank you for your stories and for allowing us to share in your lives.

I hope that you have a wonderful festive season and return in the New Year with many more stories to share.

Warm regards

Bucket Wheel®

I had a recent chat with a RetiremeantTM client who, pre-retirement, had been very anxious about how to fill his time when he was no longer working. He mentioned that he is now so busy having fun that he hardly finds time to fit in all his activities. We had a good chuckle at how happily his retirement years are panning out, and the conversation left me pondering the importance of balance.

Jana Kingsford, author and blogger, says: “Balance is not something you find, it’s something you create.” And that is why we emphasise the Bucket Wheel® – it’s all about creating a balanced life.

While having fun is important – and, well, fun – creating balance is crucial. On the flip-side, many of us simply don’t have time for fun. We get caught up constantly addressing urgent matters and forget to allow time for really important things, things that make us feel alive.

The point of the Bucket Wheel® is to ensure that we focus our time, not only on the urgent, but also on the important. It keeps our balance in check and ensures that we direct our energy towards what matters most. By spending quality time planning your Bucket Wheel® items, you will have started your journey to living a more balanced and fulfilled life in retirement where all eight areas of your life are considered: work, give-back, relationships, money, learning, health, purpose and play. In essence, the Bucket Wheel® integrates the idea of balance with your Bucket List and helps you stick to the plan.

Your Bucket Wheel® is also the best indicator of what money you will need and how your money needs to work for you. This becomes your blueprint, your plan for life in retirement. And it is this wheel that you can discuss yearly with your Retiremeant™ Specialist to make sure that your money enables your dreams and ambitions.

Watching the Wheel

As you feel you’ve accomplished something on your Bucket Wheel®, revisit it, slotting in new goals as you go. It is a constant reminder of what’s important to you while at the same time ensuring that you are mindful of all the important aspects of a balanced life. It is more than a list that just gets ticked off. It gives you a chance to reflect on how balanced you feel; what is working and what is not. And it adds so much value to your Retiremeant™ review meetings by allowing your Specialist to align your finances with your Bucket Wheel® items.

My final thought: don’t allow how much money you have dictate the type of life you want to live. Be master of your money and align your Retiremeant™ Plan with your Bucket Wheel®.

Enjoy inventing your very own, personalised Bucket Wheel®!

Warm regards,

Five tips for fair money management

Love, as they say, makes the world go around. To go places, do things, this love does need money!

Speak kindly to each other, talk gently and considerately about money and you will be a formidable team in making your life dreams go places!

I have compiled a list of five tips that I have learnt while doing Life Planning.

1. It’s never too late or too early to have courageous money conversations

We so often avoid just talking about money in our relationships.

These conversations are difficult, emotionally charged and often come from a place of extreme discomfort and fear.

This is because we all have a different relationship with money. Each of one us has our very own money story that was formed in our childhood, and often, we still carry the same emotions and beliefs about money in our hearts through to adulthood.

I have learnt to talk about money when the relationship is going well. Don’t confuse relationship troubles with money troubles. Have regular conversations and integrate these conversations into your married life.

The resentment and conflict are often precisely because we don’t have these conversations. Keeping your emotions and feelings in check because you are too afraid to speak about money is not healthy.

2. Share your money beliefs

Everyone has a different relationship with money, and even if you believe that you and partner have most things in common, it is unlikely that you have the same money story.

Our relationship with money starts when we are young and the money messages we hear from our parents shape our money story. By the time you reach adulthood, your money story is so ingrained in your belief system that it functions on autopilot.

Partnering with someone who has a very different money story to you can make things even more complex.

Consider asking your partner these questions:

  • What is your first memory around money?
  • What formed your relationship with money?
  • What is your fear or money trigger?

The answers to these questions will help you understand how the money memories from childhood impacts on your partner’s belief around money today.

If you take the time to understand how each other’s relationship with money was formed, you will have a much clearer picture of how this impacts their behaviour and choices around money today. And importantly, you will understand what their money fears and triggers are.

3. Plan your goals and dreams

This is where you get to have some fun together.

Work on a list of goals and dreams together and have fun doing it. Just by having the opportunity to talk about your life goals makes it feel attainable. And listen to your partner’s goals and dreams.

Perhaps you will find some common goals, and perhaps you will find yourselves more easily accepting of each other’s dreams, even if they are different to yours.

If you both know what you as a couple want to spend money on, or how important saving is, or how much time you want to allocate to enjoyment and having fun, or even what your Bucket Wheel items are – and if you both buy into the plan, then you can start working towards common goals.

4. Money is a combined responsibility

Responsibility can be a burden, especially if you take it on alone. It’s the same with money. It’s unfair to make one partner responsible for the financial well-being of the entire family.

Work together, work towards the same goals and dreams.

Your Financial Plan must enable the life you envisage together. And if you are not comfortable with financial management, learn and empower yourself.

Support your partner by engaging and participating in the financial responsibilities.

5. Don’t manipulate and control with money. 

Remember, money has no power other than the power we give it.

Using money for this purpose, either by withholding it, as a means to punish, to show love or as something to be respected for, is the wrong place to put money in your relationship.

Money is just money – it has one purpose only, to enable the life you and your family dream of having.

What money fights are really about

Money troubles are the leading cause of marital problems in South Africa. This is not new to us; we have all heard the statistics before.  

Prifle photo of blond woman in corporate attireBut in my more than ten years of interviewing clients in Life Planning meetings, I have come to realise that couples don’t actually argue about the amount or lack of money they have. It is not the money they are fighting about. It is the power that goes with it.

Money and happiness
As I reflected on a recent Life Planning meeting with a married couple, I realised that there is much to learn about the role of money in relationships. And, that you are never too young, or too old to learn how your relationship with money can impact on your relationship with a loved one.

Just for fun, I decided to research the happiness factor of lottery winners, and visited the Ranker web-site, a digital media company in Los Angeles that holds one of the largest databases of opinion polls in the world. According to the Ranker opinion poll, 43% of people who win the lottery say the money has not improved their state of happiness in any way. At least 90% of lottery winners lose friends due to jealousy and resentment.

So yes, money certainly does not buy happiness, but how can we manage money in our relationships to ensure that it does not lead to a breakdown of our happiness?

The Call to be Courageous
Back to the Life Planning meeting with the married couple. This couple has been married for over 40 years, and for the first time in her life, the wife admitted that she has never been included in their financial planning process as a couple. She felt that she had no value to add, and had handed over the responsibility of their financial affairs to “others”. I am always surprised in client meetings how valuable it is to put courageous money conversations on the table. Sometimes I feel that clients are more at ease having these conversations with a Retiremeant™ Specialist present, as a mediator and safe-keeper of emotions.

colourful Wheel of balance with 8 areas: Relationships, Money, Learn, Health, Purpose, Play, Work, Give BackThis one meeting had such a profound impact on my day, and reminded me once again why we do what we do at Chartered. A marriage cannot be built on money, but as surely as it cannot buy happiness, it can so easily destroy a relationship. And it’s not the money that destroys the marriage. It’s the meaning we give to money, the emotions that come with money, the beliefs we have around money, and the expectations about money.

And so, with SA marriage week coming up from 1-7 September, maybe it’s time to have a heart-to-heart with ourselves and our partners about the role of money in our relationships. As the saying goes: You live and you learn – and luckily for us, we are never too old to learn.

Warm regards

Rising Strong

Living a brave life is not easy. It is impossible to be perfect; life itself is not perfect. Brené Brown’s book Rising Strong has inspired me in so many ways to keep trying, to give ‘living” a chance, despite the inevitable challenges and setbacks that life brings.

My journey to rising strong has not been a once-off event – learning and growing is a process. Brené’s book is a very personal and practical guide to embracing fear and failure and living a more courageous life. It often gives me courage when I find myself at a crossroad.

Those curve-balls life sends us

If we truly want to live and embrace life in its entirety, we have to be prepared for the eventuality that everything does not always work out exactly as planned. Setbacks are inevitable, and at times, we all get stuck in a place of fear, self-doubt and regret. It may just seem easier to accept defeat and retreat into a space that feels safe and secure … but Brené’s message is one of hope, of perseverance and strength.

It is in the acceptance of our vulnerability that we recognise that we are not powerless. In the space of vulnerability, we have time to accept our setbacks, time to reflect on our experiences, embrace them and practise the art of gratitude for the opportunity to learn from them. This gives us the power to rise up with renewed hope and strength to rewrite our future.

This was so true for me when I entered the financial planning industry. I have always believed that you cannot separate people from money and that a financial plan should support a person’s unique and personal life plan. With this perspective, I brought a new conversation to the traditional financial planning industry which predominantly only focused on investment returns. I knew intuitively that conversations about the client, the life the client wants to live and what their relationship with money is, were equally important.

When swimming upstream, remember your purpose

Re-thinking and challenging the way that financial planning has been done for decades, brought its fair share of criticism. I was constantly questioned by planners in the industry who referred to life planning as the “softer” issues and felt that these did not belong in the world of finances and investment strategies. I had moments of self-doubt and uncertainty and had to remind myself every day to persevere, to stay true to my beliefs and to keep on swimming – even though I was swimming upstream!

What made my journey worth it, and motivated me to keep on following my purpose, were the clients. Every time I had a courageous conversation with a client and saw how they embraced the fact that money can indeed enable a life of meaning, I felt inspired. And watching how clients design their Retiremeant™ as a fulfilling and meaningful next chapter, encourages me to keep rising strong.

I came to coin the concept, Retiremeant™ and define it as having the freedom to achieve your yet unfulfilled dreams and goals, on your terms and in your own time. Despite the challenges along the way, I am truly grateful that in my small way, I have made an impact on people’s lives. I am constantly moved by the stories clients share in Life Planning meetings and have come to realise that our combined knowledge and experiences are powerful stories and lessons that need to be told. This inspired me to start writing a second book, with our relationship with money as its central theme. I am also busy writing a series of e-books, a compilation of stories and lessons that our clients share around unexpected life events in – the Retiremeant™ What If’s.

We find strength together

This newsletter contains snippets of client stories and learnings shared in their journeys to rising strong – more of those in my upcoming e-books! Kate Turkington recently visited us at a Chartered Wealth Solutions and gave an insightful talk on her life in Retiremeant™. For me personally, Kate is a role-model on living Retiremeant™ to the fullest and I hope that you find appreciation and inspiration in her story. If you do have any spare time this weekend, I recommend that you see “Finding your Feet” which is showing in cinemas now.Brené Brown quote - we don't have to do all of it alone.

By sharing these stories, my wish is that you find comfort in the fact that you are not alone. Just maybe, one of these stories will touch you in some way, inspire you to live a brave life, through all your stumbles and falls, and give you the strength to rise bravely and strong.

Warm regards,

Kim Potgieter Hand written signature

We teach what we learn – unintentionally

We have a wonderful opportunity to teach our children responsible and healthy money lessons.

Imagine the possibilities for your children if they grow up with a healthy relationship with money – one where they don’t measure their self-worth by how much money they have … or don’t have. Over the years, many clients have expressed to me their various regrets and happiness around unhealthy and healthy money lessons they had learnt from their parents, and in turn, taught their children.

Some are proud of, and others regret the money messages shared.

As parents, it is our duty to teach our children right from wrong, but at the same time, be aware of not teaching them to be just like us. I am sure many parents have deliberated on messages and behaviours they would like to pass on to their children. And I guarantee you that no parent wants consciously to teach their children bad behaviour and unhealthy habits. or to pass on low self-esteem.

If you had to ask most parents what their number one wish for their children is, the answer will most probably be “happiness.” So how do we teach our children and perhaps grandchildren about money to inspire happy lives?

You can teach your children unintentionally or intentionally. Most communication to our children is probably unintentional. Children learn from what they hear, see and experience while growing up, and if your relationship with money is based on fear, loss and anxiety, then this is the message that you are unintentionally passing on. And in all probability, these were the messages passed on to you by your parents.

Would it surprise you to hear that recent research tells us that children’s money habits are formed by age seven? And that, as adults, we operate on a subconscious level 95% of the time? This means that our conscious mind is really only working 5% of the time while our subconscious mind runs the show most of the time!

Intentional teaching is sharing thoughtful money messages. We as parents can only teach thoughtful messages if we are aware of our own money story, understand our relationship with money and have the wisdom to change the behaviours that don’t serve us, and keep the ones that enable our lives in a positive way.

Real-life examples

I recently participated in a Life Planning meeting with a father and son. The father reflected on the money messages he heard while growing up. His father taught him to work hard for his money, and with hard work, comes reward. You may consider this to be a positive money message, but reflect for a moment if the message would have been more powerful if it had been about “earning money by adding value”? This father, now 70 years old, is still working hard for his money. He fears that if he is not working hard, he is not adding value and therefore not deserving of earning.

The father unintentionally passed this same message on to his son. He also works incredibly hard but expresses the wish to be able work “cleverly,” so that he can shape a more balanced life for himself. Father and son wholeheartedly agreed that this is a cycle they would like to break. They don’t mind working hard, but recognise the need for balance: more time to laugh, relax and just living the life they were meant to live. I am sure that the constraining message will not be passed on to future generations in this family.

Ingrid is a client who reflects on a very positive and empowering money story passed on to her by her father. Her father empowered his girls to be independent; he supported and sponsored their tertiary education at a time when most women were not encouraged to study. He instilled a belief in them that anything is possible. This belief Ingrid’s father had in her capability and ability to succeed served her well. Because of this, Ingrid has had the courage and determination to follow her true purpose in life – and make a success of it!

It astonishes me how powerful father and son relationships can be. In honour of Father’s Day this month, I would like to share one more father and son story that has inspired me as a mother of two boys. The son shared with me that his father always asked, “How much pocket money do you feel you deserve for the time it took to do your chores?” This money message has had a wonderful positive impact on the son’s life. Today, he sees earning money as an exchange for time. His most precious commodity in life is “time”. He will therefore always compare the value of his time versus the money that he is earning for his time. He is now planning to retire early from his formal career and re-invent his work so that he and his wife have more time to explore some of their unfulfilled dreams.

My parting thought on learning and teaching is a money message about saving and investing – the value of compound interest. This could be a fun activity to do with your grandchildren. My advice is not to just establish a savings or investment account for them, but rather to involve them in the process, engage with them on how it works – in this way you are helping them to take ownership from a young age.

Wishing you many happy – and intentional – courageous currency conversations in your family!

Kim Potgieter - a money message about saving and investing – the value of compound interest.