It is so easy for someone to say that the path to financial freedom requires you to spend as little as possible and then save the rest. Then keep doing this until your investments are 300 times your expenses. You have the best of intentions when you sit down and look at your budget to …
When we retire, we rely on multiple streams of income to keep us afloat. The typical retiree will have a combination of Retirement Annuities (RAs), Tax-Free Savings Accounts (TFSAs) and discretionary savings. All of these will include shares, bonds and cash depending on the accounts you have. Determining how to use these funds in retirement …
When you ask anyone (and I mean anyone) they will tell you that having kids are expensive. Parent 24 puts the cost of raising a child upwards of R90 000 per year. That doesn’t sound far off. I did an article on the cost of sending your kids to school where we saw that in …
There is a lot of software available in the international market that we do not have access to. Today I want to highlight some of the nifty finance apps we do have in South Africa to help us manage our personal finances. Most of these finance apps are free, so test them out for yourself …
On Sunday 10X released their second annual retirement report. I was fortunate enough to spend Monday morning with Steven Nathan and his team discussing some of the shocking stats that Brand Atlas gathered. The two things that stood out for me was the big discrepancy between the savings patterns of men and woman and the …
I made the move from Investec to Capitec in March of this year and this saved me a significant amount of money. You can read more about that in my March finance update. Before making the switch I did a lot of research to find the cheapest bank account because moving banks is a crapload …
When we invest in different asset classes, each is taxed differently. Depending on where your money is invested when you retire, your effective tax rate will differ. This got me wondering, how badly can you fuck this up? Will you, by investing in the wrong asset classes, keep yourself from living the good life? About …
I listened to a podcast which stated that 55% of lotto winners are worse off than they started, within 3 years of winning the lotto. This got me thinking about how I would blow spend the lotto money. Let’s ignore the fact that I have never played the lotto and assume that I found the …
The key to Financial Independence Retire Early (FI RE) is adopting good habits and applying them consistently. I don’t want to sound like a Prudential advertisement, so bear with me. The problem is we don’t always know which habits we should keep and which to kick to the curb. Here are some of the financial …
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 …
