My wife is very persuasive. Somehow she managed to overturn my one foreign holiday per year policy this year. Actually she’s done it two years in a row. Last year we had our fantastic bike trip through 5 European countries, and then a few months later we were off to Mozambique for her sisters wedding.
For the last two weeks we’ve been traveling through Chile and Argentina, and we’ve already booked our return flights to go to Portugal and Spain in September. Fortunately we don’t really throw much money away on other luxuries, otherwise we’d be totally broke. Plus, with my recent shock realisation that my imported dress collecting better half did in fact out-save me last year, I thought I’d better not argue.
Fees must fall, yes #feesmustfall! I actually planned this month’s blog post on a play on words regarding investment fees which must fall, over University fees which (also) must fall, but to be quite honest the University fees falling probably has as big if not a bigger impact on us than investment fees, so I’ve bumped that post on to another time.
So, let’s look at what the impact is of the whole University fee issue. You see, the students are rightly upset that they have to pay far too much in University fees. The government on the other hand is saying there just isn’t money to give free tuition, and they right, it’s pretty hard to find money when you’re throwing so much of it away on things we really don’t need, like the arms deal, nuclear power stations and of course Nkaaaanndla.
I know I’ve said it before, but for some reason it just seems that governments don’t understand basic finance. Firstly you need to make sure you spend less than you earn, and then you need to invest some of the difference. It’s my belief that the #feesmustfall movement is simply the governments lack of understanding around making an investment in it’s future. Delaying gratification now for huge rewards in future is ground zero for investing.
As you might already know, I like numbers, so let’s look at an example: