@MoneyRehab_ Yeah, I agree with this sentiment. You only benefit from a TFSA if you leave it to compound over many years. Get the emergency savings sorted along with the discipline to make it work.
Concerned about the upcoming tax changes in SA? I prefer to be bullish about our future! The proposed tax hikes might be tough, but they could pave the way for much-needed improvements in public services and infrastructure, meaning a better future for us all. #tax
@madaboutmarkets Defs a smart choice for 2025 - they protect against rising prices, offer diversification, provide attractive yields, and benefit from central bank policies. Throw in long-term stability = reliable investment. #InflationHedge ๐
@lantsiki Discussing finances with your partner or future partner is ESSENTIAL. Your partner should be your partner in everything and you should always protect yourself first.
I guess I'll have to do some research as to what content is popular but I'll always love truth!
Death in SA could cost you hundreds of thousands unless you do your homework.
Financial conversations must happen BEFORE you get married and should include which marital regime to choose.
If only she had life cover...
Something just doesn't look right here - the cost of living for the average consumer basket of goods has increased by so much more than the 3% inflation rate quoted by @statssa. Or is it just me?
๐ป #ZAinflation inches higher to 3,0%. Join Chief Director: Price Statistics, Patrick Kelly, on @radio786online as he unpacks the latest Consumer Price Index (CPI) figures.
Read more here: https://t.co/dR4qpxXnMW
#StatsSA#GovZAUpdates
@HeroDividend Absolutely! Long-term investing is the cornerstone of building wealth. By focusing on high-quality assets and staying disciplined through market fluctuations, investors can achieve remarkable growth over time. It's not about timing the market, it's about time IN the market!
@MoneyRehab_@wendyknowler I'm not a fan of buying to rent out - there are just far too many variables and risk on the owner. Give me an index fund any day. No stress, just growth.
On education - overheard someone starting studies in Jan. Paying R250k in a student loan. Will be paying a total of R504k over a period of 72 months.
Financially speaking, is the promise of a high paying job after this worth it? Is this a good investment?
#Education#money