In this episode, Warren Ingram and Pieter de Villiers discuss the critical aspects of exiting a business, including preparation for sale, navigating the transition, and financial planning post-sale. They speak to the importance of understanding the emotional and financial implications of selling a business, as well as the need for proper valuation and tax considerations. The conversation also touches on the challenges entrepreneurs face in retirement and the necessity of adapting to a new financial landscape after selling a business.

Takeaways

• The exit is often the culmination of an entrepreneur's life work.
• Buyers are emotionally detached; focus on financials.
• Proper tax planning is crucial before selling a business.
• Understand the true value of your business before selling.
• Be clear about your role post-sale and expectations.
• Consider the emotional impact of selling on yourself and your team.
• Financial planning post-sale requires a different mindset.
• Investing after selling a business requires humility and learning.
• Seek professional advice for financial planning and investments.
• Don't hesitate to ask for help from fellow entrepreneurs.

Learn more about Prescient Investment Management here.

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In today's episode, Warren Ingram and Pieter de Villiers discuss the critical stages of business maturity, focusing on key considerations for business owners as they transition from survival to sustainability. They cover essential topics such as key person risk, staff compensation, financial health, client engagement, hiring for culture, buy and sell agreements, and the importance of intentional business practices. Our hosts emphasize the need for entrepreneurs to invest in their people and culture, navigate challenges, and plan for the future, including estate planning and remuneration strategies for founders.

Takeaways

• You want to make sure at the very least you've got some company life assurance.
• You should have a history of paying good sufficient tax.
• Don't lose sight of talking to your clients.
• You want to be honest about what's going on.
• You need to be intentional about what you were doing.
• You need to listen to your employees.
• The challenges will always be there.
• You want that stuff written down.
• You should be very intentional now about the transition of ownership.

Learn more about how Curate Investments can help you here.

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In this episode, Warren Ingram and Pieter de Villiers discuss the essential steps and considerations for entrepreneurs who have recently started their businesses. They cover practical aspects such as financial planning, compliance, and the importance of hiring and delegating tasks. The conversation emphasizes the need for a sustainable business structure, effective time management, and the long-term strategy for growth.

Takeaways

• Starting a business requires careful planning and consideration.
• The early stages of a business are often the toughest.
• Financial planning is crucial for business owners.
• Don't neglect personal financial responsibilities as a business owner.
• Investing in your business can yield higher returns than other investments.
• Compliance and tax planning are essential for sustainability.
• Building a strong team is vital for business growth.
• Effective time management is key to avoiding burnout.
• Creating systems and processes can enhance business efficiency.
• Long-term strategy is important for future growth and success.

Learn more about Prescient Investment Management here.

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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

In this episode, Warren Ingram and Pieter de Villiers explore the multifaceted journey of entrepreneurship, from the initial stages of starting a business to the complexities of managing and eventually exiting a business. They discuss the importance of understanding one's motivations, the realities of being an entrepreneur, and the significance of discipline over mere motivation.

Takeaways

• Entrepreneurship requires a clear understanding of personal motivations.
• The initial phase of a business often involves hard work and low income.
• Discipline is crucial for long-term success in entrepreneurship.
• It's important to test business ideas with experienced individuals.
• Legal structures should be considered when planning for growth.
• A sustainable business is built on processes that work independently of the owner.
• Lifestyle businesses differ from growth-oriented businesses in their goals.
• Cash flow management is essential during the transition to entrepreneurship.
• Surrounding yourself with the right people can provide valuable insights.
• Don't rush into entrepreneurship without proper planning and preparation.

Learn more about how Curate Investments can help you here.

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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

In this bonus podcast, Warren Ingram and Natalie Harrison explore the multifaceted world of asset management, discussing various investment strategies including passive, active, and systematic investing. They delve into the nuances of value, growth, and quality investing, emphasizing the importance of diversification and understanding market cycles. The discussion highlights the blend of art and science in investment management and offers insights for young investors on the significance of starting early and making informed choices.

Takeaways

• Asset management is a blend of art and science.
• There are various investment vehicles to choose from.
• No single investment style is superior; it depends on goals.
• Passive investing offers lower costs and broad market exposure.
• Active management can provide downside protection.
• Quality investing focuses on cash-generative, dominant companies.
• Diversification is key to managing risk in investments.
• Understanding market cycles is crucial for investment success.
• Investing early can lead to significant long-term gains.
• Time is a valuable asset; use it wisely.

Learn more about how Curate Investments can help you here.

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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

In this episode, Warren Ingram and Pieter de Villiers speak about the essential strategies for managing investments during retirement. They touch on the importance of understanding investment risks, maintaining stock market exposure, and creating a balanced asset allocation. The conversation also covers the significance of local versus offshore investments, managing cash reserves, and the psychological aspects of spending in retirement.

Takeaways

• Retirement is a new phase, not the end of investing.
• Cost of living increases are a significant concern in retirement.
• Managing emotions is crucial for investment strategies.
• Investing too conservatively can lead to financial struggles later.
• Sequence of return risk can impact long-term capital.
• A balanced asset allocation is essential for retirement.
• Stock market exposure is necessary for inflation protection.
• Cash reserves can mitigate risks during market downturns.
• Spending in retirement should be planned and intentional.
• Lifestyle changes should be considered in retirement planning.

Learn more about Prescient Investment Management here.

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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

In this episode of Honest Money, Warren Ingram and Pieter de Villiers, discuss the intricacies of managing retirement income, focusing on the transition from accumulating wealth to decumulating it. They explore various strategies for drawing income from retirement funds, including the implications of lump sums, living annuities, and life annuities. The conversation emphasizes the importance of balancing different types of investments, understanding tax implications, and maintaining liquidity to ensure a comfortable retirement.

Takeaways

• It's crucial to understand how to pay yourself from your assets in retirement.
• There are various strategies for sourcing income from your investment portfolio.
• Balance between retirement funds and discretionary investments is essential.
• Consider the tax implications of taking a lump sum from retirement funds.
• Living annuities offer more control over investments compared to life annuities.
• Life annuities provide guaranteed income for life but lack flexibility.
• Interest rates and longevity are significant factors in retirement planning.
• Tax-free savings accounts can play a vital role in retirement income.
• Maintaining liquidity is important for unexpected expenses in retirement.
• Combining different investment strategies can optimize retirement quality.

Learn more about how Curate Investments can help you here.

Send us a text

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

In today's episode, Warren Ingram and Pieter de Villiers, discuss the complexities of estate duty and the financial strategies individuals can adopt to manage their wealth effectively. They speak to the importance of making informed financial decisions rather than resorting to costly products that may limit growth. The discussion highlights the value of investing wisely to ensure a prosperous retirement and the implications of estate duty on one's financial legacy.

Takeaways

• Don't do dumb things to avoid a state duty.
• Avoid expensive insurance products that limit growth.
• Investing wisely is better than avoiding estate duty.
• A prosperous retirement is more valuable than minimizing taxes.
• Estate duty should not dictate financial decisions.
• Focus on long-term investment growth.
• Wealth management is about making informed choices.
• Life quality matters more than tax savings.
• Consider the total value of assets at death.
• Financial freedom comes from smart investments.

Learn more about Prescient Investment Management here.

Send us a text

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