Today is Heritage Day in South Africa. This is a celebration of our heritage, diverse cultures, traditions, language and generally a time to remember where we came from. I thought we should spend a little time today thinking about what…
Category: Financial Freedom
Financial freedom isn’t just about being rich. That’s one aspect but there’s so much more which simply relates to your mindset and outlook on life. Financial freedom is about having more options in life and less stress and worry about money.
Some strategies to follow to ensure financial freedom include:
Understanding the importance of cash flow and making sure that you not only survive month to month, but that you have excess at the end of the month.
Set up an emergency fund to help smooth things over when life throws curve balls at you.
Create a financial plan and keep track of your progress. You’re allowed to change it as life changes.
Make smart investments. Get a retirement savings in place, take out Unit Trusts or buy ETFs. Invest for the long run!
And finally, create passive income streams. These could be from rental properties, side-hustles or businesses that you start. It’s not easy creating a stable passive income stream but once you have it, wow, it makes a difference!
Why do people get into debt?
Ever wonder why people get into debt? I mean, we all know that debt is bad. But let's be honest now, the "debt system" is built in such a way that we're encouraged (forced?) to get into debt in order…
Why buy property in a Trust?
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What is a Trust?
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Tebogo – I make time for my money
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Beware of Lifestyle Creep
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Why spend money you don’t have?
It seems weird that anyone would spend money that they don't actually have but yet it happens all the time! Have you ever justified buying something by saying "oh well, it's payday next week anyway", or even worse "I'm buying…
Values and money
This week has been an interesting one as I've been reminded of my values on two occasions. Firstly, I happened to read this post from The Disruptors "Do you want it all now or are you prepared to wait" which…
Financial freedom by paying off your home loan
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What’s your survival number?
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Alternative retirement strategies
It's no longer sufficient to simply rely on the old-school path to retirement. We need to look at alternative retirement strategies. If you're wondering why I say this, then read on! The traditional retirement strategy I think that everyone knows…
How to fix cash flow issues
If you find that you're struggling to survive form paycheck to paycheck, then you may have some cash flow troubles. Let's explore how to fix cash flow issues in 6 steps. They're not all easy, but they can absolutely be…