Most think that this is an unattainable ideal available only to “trustafarians”, lottery winners and the 1 percenters. These wickedly simple lessons are however attainable for most. So let’s dive into the four levels/lessons to financial independence.

During this time of crisis, when South Africans are invariably struggling to make due, some losing jobs and others’ income is put on hold for multiple months, there has been a massive surge in the following types of invitations: “This really works people, get in touch and I’ll show you…easy money!” – or, “This stokvel… Continue reading Make Money Fast

Strange times we find ourselves in, with a multitude of panic, fear, misinformation (which South Africa has currently made illegal) and aggressive toilet paper buying setting in. We thought it valuable to share some insights regarding the current state of affairs, so get your hand sanitiser ready and we’ll jump right in. There are three… Continue reading Don’t Panic – Covid-19 / Corona Virus

Paying off debt is neither fun nor easy, so one needs all the help one can get. There are two schools of thought on paying off debt: the Debt Avalanche or the Debt Snowball. Although both sound pretty daunting, both will get you to debt-free living, which one is right for you? Now considering humans… Continue reading Debt Smashing Strategies – Debt Snowball vs Debt Avalanche

Good advisors love asking the following question: “What is your most valuable asset?” The answers to this question range far and wide, with some answering the question by stating “my car”, “my house”, “my business”. Although all those are assets (some depreciating), the most valuable asset you have is in fact your ability to earn… Continue reading Mind the Gap – Disability Cover and why you need it

You may have heard some interesting things coming from the Millennial generation, but one that stands out from a financial perspective is the FIRE movement, an acronym which stands for Financial Independence Retire Early. If you know anything about the retirement landscape in South Africa and across the world, it’s likely the fact that people… Continue reading The FIRE movement & what it takes to retire early

As the adage goes, nothing is more certain than death and taxes. However, there are a few ways to minimise the amount that you have to fork over to the receiver annually. Below we will look at a few ways to save on tax. When minimising tax, there are two ways to do this, through… Continue reading Minimise tax with these investment options

A definition of a budget is an estimate of income and expenditure for a set period. I read earlier this week that people spend 24 days a month making money, but most people don’t spend 5 minutes to make sure where it is going. However simple this sounds, I find more often than not, that… Continue reading Budgeting – Where your money goes (wrong)

South African Household Savings Ratio is negative What this means is that although some are saving through Unit Trusts, Retirement savings products or Tax Free investments, more households are not saving and actually taking up credit to fund : Cars, education or credit cards. “Household Saving Rate in South Africa increased to -0.10 percent in… Continue reading The (horrible) truth about saving in South Africa

It was recently noted that most bankruptcies in the US are caused by health problems. Thus, in the process of getting healthy you sicken your financial situation. Read that again. Although most would think that a medical aid is very expensive in exchange for what you “get“ – the “get“ happens when something goes wrong… Continue reading How a Medical Aid (and Gap Cover) can save you from bankruptcy