When we invest money in cash products at a bank, the bank loans 8 to 13 times that amount to other people. This is either as home loans, car loans, business loans or short-term debt, like credit cards. They simply produce this money out of thin air. This is called fractional reserve banking, which sounds …
Globally the tiny house movement is massive, with 201 000 online searches per month in the United States alone. In South Africa, it is less than 1% of that but the appeal is just as big. More people are choosing to forgo abundance for a simpler life. The tiny house movement is a rebellion against …
With the end of the financial year approaching fast, it is time to start optimising your income tax. One way of doing this is by investing in Tax-Free Savings Accounts (TFSAs) that I discussed in the article should I even bother with a TFSA? This option is geared towards the middle to low-income households. High-income …
The goal behind writing this blog is to share my journey to financial independence with you and to hold myself accountable for the decisions I make. The fact that you are reading this blog, means I am achieving goal number one. I am really enjoying writing this and hope to create a community of like-minded …
When most people think of a bank and bank charges, they start swearing, thinking of all the times they have been fucked over. Especially if you have ever been swallowed in debt (or still am). The problem with banks is that we need them in our lives. All we can do is to use the …
