Wendy Selebi on Retirement, Money Mistakes, Financial Wellness, and Life After 37 Years in Banking

The money choices we make today shape the lives we live tomorrow — and no one knows this better than Wendy Selebi. After 37 years in banking, she discovered first-hand that financial security in retirement isn’t automatic, even for those who’ve spent their careers in the industry. In this episode of On the Money, she joins Old Mutual’s John Manyike to share the lessons behind her book I Wish Someone Had Told Me, reflecting on the financial mistakes, missed opportunities, and turning points that shaped her journey.

From the emotional reality of leaving work to the practical truths about financial literacy, credit, and the power of compound interest, Wendy’s story is filled with wisdom for anyone serious about their financial future. This candid conversation is a reminder that it’s never too early — or too late — to plan intentionally, build resilience, and prepare for life after work with confidence.

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

• 0:00 Introduction – John Manyike welcomes Wendy Selebi.
• 0:45 Starting out in banking in 1985 and a 37-year career journey.
• 2:34 Life after retirement: serving on boards and staying active.
• 3:29 Why Wendy wrote I Wish Someone Had Told Me and her money mistakes.
• 6:19 The retirement wake-up call at age 50 and lessons learned.
• 9:30 The reality of retiring after 37 years and adjusting to change.
• 16:14 The emotional impact of retirement: power, identity, and purpose.
• 21:22 Financial choices have consequences – literacy, resilience, and wellness.
• 25:23 Money personalities, marriage, and hidden financial risks.
• 33:36 Credit: friend or foe, and how wealthy people use it wisely.
• 38:54 Microwave wealth creation vs patience and avoiding the debt trap.
• 43:48 Advice to her younger self about money and retirement.
• 44:40 Practical tips: start early, plan intentionally, and leverage compound interest.