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The Fat Wallet Show from Just One Lap

The Fat Wallet Show is a show about questions. It’s about admitting that we don’t know everything, but that we’re willing to learn. Most of all, it’s about understanding as much as we can to make us all better investors. Phrases like, “I’m not sure” or, “Let me look that up and get back to you” or, “I don’t know” don’t exist in the financial services industry. If you ever had a financial question you were too embarrassed to ask, you know what we’re talking about. In this business, appearances matter, and nobody wants to seem like they don’t know how things work or what the outlook is for the buchu industry. It’s easy to excuse that little vanity, except that people in the investment industry are meant to service investors - people like you and me who need to figure out what to do with our money. There’s no such thing as a stupid question in this show. If you have unanswered financial questions, this is your opportunity to have them answered in a way that even I can understand. Pop them to us at ask@justonelap.com. Hosted by Kristia van Heerden and Simon Brown
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Don't let the door hit you on the way out (#232) 0
Dec 27, 2020

If nothing else, 2020 was humbling. There were many things we thought we knew about the market, about gold, about interest rates and about predicting the future that just turned out to be not so.

In this year-end episode of The Fat Wallet Show we share some thoughts and insights, as well as a nice bottle of bubbles. 

Here’s to a happier 2021.

Win of the week: Tayo

One thing I do however is set up separate scheduled transfers with different references if I have a more specific goal.

So instead of transferring R100 every month into my EM, I'll have a transfer with reference UPGRADE_KITCHEN of R20, another with R10 for UPGRADE_PHONE_FUND and the rest a normal EM dump.

This way I can just search for UPGRADE_KITCHEN on 22seven and I can see how much I've saved up for that particular goal.

Extra points for using the same UPGRADE_KITCHEN reference when taking out of that 'fund' so I know how much I've spent and how much I have left.

I make sure to keep it simple:

  1. Keep those goals as broad and few as possible (I only have 3 at the moment)
  2. Don't overthink it.

1 bank account (also 1 banking charge), no excel admin

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