Africans are known for their generosity. They love to spend
and hate to save.
South Africans in fact will find every excuse in the book
to avoid committing to regularly invest any money they may
We have a culture of spending NOT saving.
But its time to be careful with your money and dont overspend.
SAVING is what you have left at the end of the month, INVESTING
is what you should do with your savings.
The Financial Services Board is the regulating body for
financial institutions and their stats reflect that less
than 6% of us can afford to retire.
It is important that we should start investing as early
That means it is far better to start a small regular monthly
investment now, than being forced into saving large amounts
later in life.
It does not matter what or where you decide to invest in
...........an endowment ............a unit trust...........a
retirement annuity or a traditional stokvel NOW IS THE TIME.
And now it makes more sense to start a TAX FREE SAVINGS
option has been created as a government initiative to encourage
us to save and the good news is you can also have TAX FREE
UNIT TRUSTS and TAX FREE RETIREMENT ANNUITIES
And investing never ends, just like a healthy diet investing
If you cant afford to save when you retire, then you cant
afford to retire.
is the difference between saving and investing?
Africans are struggling to settle their debt. Too few of
us have a financial plan.
never too late to start saving for retirement. Right now
South Africans are the biggest borrower of money in the
world. Hardly surprising as many need to catch up in acquiring
about 6% can afford to retire with security. We don't have
a culture of saving. People change jobs and spend their
pension benefits and don't save them.
financial planners, advisors and brokers it is our job to
stress the need for a financial plan.
A TARGET, ANY SAVINGS TARGET, how will you know when you
miss the target?
a bond to buy your home is a good debt.
R50 per month is a good way to save with tax.
free unit trust of retirement annuities protect entrepreneurs.