The thought of getting old leaves many of us cold. We use euphemisms like Golden Years and Senior Citizens and Mature to make it sound appealing, but there is no getting around the fact that ageing is generally painful. But here you are, brave and ready to get ready for it!
Category: Investment
ABCs of budgeting # 3 (it is possible to design a budget without swearing too much)
Here we are again – you and I and your budget. We aim, in this blog, to give you the tools to look at your needs, your wants and your current reality.
Advice on first homes and first real grown-up debt
Buying a house is a scary prospect and may be something that you have put on the back burner. You may tell yourself that you are being wise – after all the current economic climate is dicey and you may worry about the future. However, do you know that should you buy a house, you not only save on rent (in other words paying someone else’s bond) but your asset may well make a profit after the first year? This means it is one of the better debts you may enter into in your life time. Admit it, the vast majority of us yearn for a place to call our own…
Increasing your earnings and growing your assets
Good debt leads to increases in earnings or growing value in assets. Education is a good debt, because it increases your employability and then, within your chosen occupation, it increases your ability to earn money. Another good debt is buying property.
FOREX: All it will Cost You…
“There’s a forex scam that’s going around. There are plenty but this one I experienced myself.”…
We all want a quick way of making money. In exasperation we cast caution to the wind and search online for ideas. Read more on what to watch out for.
Longevity – So much more than Old Bones Creaking at Dawn
One of the advantages of being older, as I told a young friend recently, is that you tend to
become more truthful. You say it like it is, without caring as much about other people’s
reactions.
A Perfect Cottage in an Imperfect World
Passive income – a rental property in a beautiful location is the way to go. Once the property has paid for itself, you can retire in luxury for a second time. Should you manage it yourself?
Extra Income Streams
Many people find that the income they derive from their monthly pay check is no longer adequate to meet their lifestyle needs. And so we sit at our desks, scroll through FaceBook links and dream…Where can I find extra streams of income that require little or no work? What can I actively do to improve my income?
When you need a new car
If you drive a car in South Africa, you will understand the hassle of replacing it. Once you have decided on a make and model, the paperwork begins. Some dealerships will try and rip you off, by adding extra administrative costs to the transaction.
Managing Rental Property
Many first-generation yuppies have come to realise that they need to enter the property market. However, most of them find that getting a home-loan of between R1 500 000 and R2 000 000 is not always possible.
The creative ones usually find a way around this dilemma by purchasing a home in the R300 000 to R700 000 price range. The home is then used to generate a rental income. The rental is often sufficient to cover their bond repayments. This leaves many of them happy landlords.