Moloko Mongalo on how childhood experiences shaped his views on managing money
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Our experiences with money growing up can influence how we think about and manage it for the rest of our lives – often without us even realising it.
In this episode of On the Money, renowned businessman Moloko Mongalo joins Old Mutual’s Financial Education Programme Manager, Thabo Hollo, to reflect on how his childhood experiences shaped the way he built his businesses and how he approaches spending, saving, and investing today.
Moloko reflects on growing up around debt, public humiliation, and financial loss, and how those early experiences became a defining force in his outlook on finances.
Don’t miss this open and honest look at how your past can influence your financial future – and how understanding those influences can turn negative experiences from the past into tools to build a brighter future.
Thanks for listening! Interested in getting more financial education? Visit our website for free resources. You can follow us on X, Facebook, Instagram, TikTok, and YouTube.
In this episode of On the Money, renowned businessman Moloko Mongalo joins Old Mutual’s Financial Education Programme Manager, Thabo Hollo, to reflect on how his childhood experiences shaped the way he built his businesses and how he approaches spending, saving, and investing today.
Moloko reflects on growing up around debt, public humiliation, and financial loss, and how those early experiences became a defining force in his outlook on finances.
Don’t miss this open and honest look at how your past can influence your financial future – and how understanding those influences can turn negative experiences from the past into tools to build a brighter future.
Thanks for listening! Interested in getting more financial education? Visit our website for free resources. You can follow us on X, Facebook, Instagram, TikTok, and YouTube.
Chapters
- 00:00 Introduction.
- 00:38 Who Is Moloko? Early Life & Village Childhood.
- 02:14 Raising Kids: Reflections on Rural Upbringing.
- 03:36 First Encounters With Money at Home.
- 04:31 Growing Up in a Family of Five & Managing Money at Home.
- 08:24 Becoming Independent at 13: The Self-Raised Years.
- 10:24 High School Life, Tertiary Education Journey & First Job.
- 15:51 How Self-Management Influenced Moloko's Money Decisions.
- 18:18 The Origins of a Saving Culture: How Trauma Shaped Money Habits.
- 20:55 Debt-Free for 16 Years: Trauma & Discipline.
- 25:28 Money Conversations in Marriage: Teamwork & Building a Family Trust.
- 29:50 Generational Wealth: Kids Must Repay Education.
- 30:31 Returning to School & Lifelong Learning.
- 32:10 Almost Fired: The Tender that Changed Everything.
- 34:40 Creating a Company Within a Company.
- 35:12 The Rise to 7–8 Figure Success.
- 36:07 Turning Adversity Into Opportunity.
- 37:44 Perspective, Self-Management & Quiet Thinking.
- 38:07 What Arthur Does for Fun (Driving!).
- 39:21 Investments, Startups & Venture Capital Tendencies.
- 41:21 Closing Remarks & Wisdom.
