It is easy to over-complicate your investment strategy. It is tempting to invest in each new Initial Public Offering (IPO) because it feels like you are getting in on the ground floor. On top of that you do not have to pay the transaction cost for buying the shares. So, because it is new and …
I recently found an article that categorizes you based on your income. According to this, I form part of the middle-class. I decided to investigate what the middle class South Africans are spending their money on. Then to compare my budget over the last 3 months to each item, to identify areas where I am …
When you don’t need to submit your tax return With the deadline for tax submissions approaching fast, everyone is scrambling to submit their tax returns. Not everyone is required to file their tax return, but today I want to convince you to do it anyway. According to the South African Revenue Service (SARS) you do …
My savings rate We all make money from different sources. Most of us are simply earning a salary. A few of us have our own companies from which we also draw a salary. The lucky few, even have their own companies that earn money without their presence. That’s the dream. Irrespective of where your money …
The 4% rule Retiring is easy, all you have to do is save 300 times your monthly expenses. This is until you do the math and see that this isn’t walking around money. The 300-times-your-monthly-salary rule and the 4% rule is one and the same thing. Whip out those calculators if you must. The 4% …
The cellphone cost cycle Every second year, like clockwork, we renew our phone contracts. We go in with a preconceived idea of which phone we want and just renew the contract. Two minutes later, you have your brand-new cell phone. You rush home to charge it, so you can transfer all your contacts and install …
The future cost impact I want to retire early to travel the world. Yes, I know, you can’t go anywhere without someone telling you they plan to retire early. I’m not giving myself an age that I want to retire. I’m still enjoying my job and will continue working as long as I do. Eventually …
How we save Remember when you were young and really wanted that radio-controlled car? Your parents wanted to teach you the value of saving. They offered to pay for half, if you saved the rest. So diligently you put away your monthly pocket money until three months later, you saved enough to contribute your half. …
This is a follow-up article on the article titled why I’m selling my properties, We saw that you will accumulate about 20% more money by building a property portfolio, but here are some of the issues with retiring with property. 1)It is so much work The first issue that I touched on in the previous …
You start working You went to school for 12 years, only to go to university for another 4 years. Your whole life you have never had your own money. Even at university all of your money came from your parents. You didn’t have any reason to save, you got the bare minimum and you did …