We all know its important to save. But, most of us are not in the habit of saving. We use our financial situations and make excuses when the Mr Delivery app is most used app on our phones.
How many of us have a long-term savings account or enough savings to cover unexpected expenses for emergencies?You see, no one needs to tell you that you should start saving. Furthermore, you need to stop telling yourself that you can’t afford to save or that it’s not important to save. To protect yourself from debt and financial stress, you need to get into the habit of saving.
Four important things you should know about money in your 20s
When you’re in your 20s, saving money is not a top priority. This is because this period in your life comes with a lot of firsts. First job, payslip, first apartment, first car… And, even if you grew up learning about financial responsibility, it can get overwhelming. However, if start to exercise managing money, saving, investing, the stock market and general day-to-day budgeting now, your financial future will definitely look brighter. Let’s take a closer look…
When Is The Right Time To Start A Business?
There are a couple of different ways you can grow wealth. You could try to save as much as possible or try investing on the stock market. My favorite is starting your own business. Some business grow while others don’t. It’s all about effort and consistency. So, if you want to start a business, but just keep putting it off, then you need to keep reading…
Can South Africans Afford To Spend Money On Luxuries?
It’s no secret that most South Africans spend more than they earn. According to research from Standard Bank, lower income groups (95% of the population) spend way more than what they can afford. The main reason behind this is debt. A recent World Bank index revealed that South Africa is one of the most indebted countries in the world. So, should you start paying off your debt to afford life’s luxuries? Click here to read on.
The Six Rules Of Wealth Creation
The key to wealth creation is getting your money to work for you on a regular basis, growing your money every day, and the place to start is with seed capital. Seed capital is part of your monthly income that is set aside first each month to generate more money and grow both your net asset value (NAV) and passive income. Wealth is about the accumulation of assets at the least cost and incurring as little debt as possible. Click here to find out where and how you can start creating wealth.
Get Yourself Out Of Debt With These Simple Steps
The burden of debt is a like a plague. It leaves you broke and keeps you from getting ahead. There was a point in my life when I couldn’t handle my debt. It even made me turn down parties and family gatherings because I just didn’t have money to contribute or buy gifts. And, I know there are many others who know what it’s like to be broke. Fortunately, it’s not a hopeless situation. And, if I managed to get out, you can too. All it takes is commitment, some enthusiasm and the willingness to change how you live. Lets take a look at some of the steps I took so you can take them too…
Should You Buy A Business Or Start One From Scratch?
When you think of starting a business, are you thinking of starting from scratch? Are you thinking of developing your own idea and building that idea from the ground up? Sorry to burst your bubble but, according to Bloomberg, 80% of new businesses fail in the first 18 months. So, you could try and be part of the 20% that succeed or you can buy a franchise and have a 90% chance of succeeding. The main reason why most start-ups fail is because they go into it solo. Click here to keep reading.