“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver”
Sitting down to design and write my first ever Editor’s letter of my newsletter was a very daunting but exciting start to a whole new phase in my business. When I was young I always wanted to have my very own magazine or newspaper and as the years went by I decided that 2017 will be the year of new ventures, change and putting myself out there for my clients to get more value from me and what I have to offer. This monthly newsletter must add value in a big way to you, my client. I want to assist you in all aspects of your finances, from investing to short term insurance news. I want to help you grow financially and get you excited about creating more wealth and freedom for you and your family. I want to be the go to person for you and your money.
So here goes to March 2017.
I hope you like it.
R 500.00 per month shaved from your budget can make a significant difference to saving for something big or a more secure future. Here are two types of investment options to consider.
SATRIX 40 represents South Africa’s top 40 companies and if you believe in this country and what the entrepreneurs are getting right, you will sleep like a baby. The past 5 years saw a growth in the SATRIX 40 of 110% and the next 5 years will also be just as good. This means that your R 30 000.00 investment will earn more than R 35 000.00.
Visit Easy Equities and try your hand by being your own personal stock broker at a fraction of what a normal stock broker would charge. You can open a demo account first and use their demo money to buy and trade stocks. Note that this is equity and stocks are highly volatile therefore you need to see your stocks as a longer term investment and nest egg. Expected returns can be anything between 25% and – 15% in a day, so be careful but take the risk, equities will always outperform any other asset class (bods, property, cash) over a rolling 10 year period.
Many times we set goals for ourselves to save or invest, but sometimes fail to fulfil them.
What applies to your past 12 months:
Try to start saving more in 2017!
Your financial commitment and relationship with your money drives your financial behaviour and determines your financial circumstances. If you want to be more in control of your finances in 2017 (by saving more or reducing your debt by paying off your credit cards), you must understand that being ready and being committed are two different things. Are you committed? If so, what makes this moment different? (Take a deep breath before you answer that question)
Here’s what’s really important for you to remember:
Your money is unique, personal and different from anyone else’s. What separates you is your level of commitment.