Everything Counts | Ep 25: Building a wealth mindset

Everything Counts is a bi-weekly podcast series that dives into money and financial wellness, hosted by 702’s Motheo Khoaripe. Each episode unpacks practical aspects of personal finance-how to save, spend, invest, and make smart decisions to boost your financial well-being. In this episode, Motheo sits down with Itumeleng Merafe, head of Investec Private Banking, to explore how a wealth mindset can set you up for financial success. They discuss the habits that set successful people apart – from setting financial goals, to building resilience, staying flexible and investing in yourself. You’ll hear powerful insights into the minds of high achievers, how to master the wealth mindset in a world of social comparison, and the difference between savings and investing. Whether you’re just starting to learn about money and investing or looking to level up your financial thinking, this episode delivers practical steps and mindset shifts that can help you take control of your future. 00:00 Introduction 01:00 What is a wealth mindset? 03:00 How do you support a wealth mindset on a daily basis? 05:00 How important is flexibility in building long-term wealth? 06:50 How is wealth created through savings? 08:00 Distinctive habits that contribute to financial success 09:30 Delayed gratification and setting financial goals 12:00 The value of mentorship and learning about money 12:30 Balance is key to the wealth building mindset 13:15 How do you start again when things go wrong? 15.40 Mental shifts for cultivating a growth-oriented mindset 18:30 The importance of adaptation 20:45 Leadership and the wealth mindset 22:30 Setting financial goals with a wealth mindset 24:30 Risk taking and understanding your own risk appetite 27:00 Myth busting: what sets successful people apart? 29:30 The role of your financial advisor in wealth building Investec Focus Radio SA