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 middle to low income households. …
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 …
The only necessary background information you need to have regarding Tax Free Savings Accounts (TFSAs) is the TFSA limits. You can contribute R33 000 per year and R500 000 over your lifetime. When people hear these amounts they have one of two reactions, “Where am I supposed to find that kind of money?” or “Why …
We want our children to be money savvy and this is unfortunately one of the things they will never learn in school. We started working and found out about taxes, loans, interest and all the financial terms that we had to know. Systematically, we started figuring out what was going on around us. Then one …
The vacation itself Let me start off by saying that an Egypt vacation is an orgy. The traffic rules are more guidelines than rules. Everyone is literally driving anywhere they want on the road. Lines on the road mean nothing and if you overtake, the oncoming traffic needs to slow down for you. They don’t …
Money can’t buy happiness. I have heard this a thousand times. Especially in a country where the average salary is R12 700 per month (that is $930 per month for international readers), we will try to find happiness in other areas of our lives. I got confronted with this topic very recently when my parents …
I recently read an article which stated that the best indicator for future performance is the Price to Earning (PE) ratio of a market. I tried finding it again, but to no avail. However, the gist of it is that when the PE ratio is low, the return on investment in the near future is …
In short, a shitload of money. But that is not what you want to hear. So, I will discuss what we paid for our perfect wedding, and what you can realistically get away with if you wanted to keep the cost to have a wedding as low as possible. We got married in May after …
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 …