It’s all about the timing… Or is it?

In August, my beautiful new wife and I eloped to Paris to have a combo wedding and honeymoon. It was just the two of us, so we didn’t have to worry about what colour the napkins should be. We also didn’t have to worry that mad uncle Eric would drink too much and try join the band, or that someone would knock over the ridiculously ostentatious wedding cake. I was also fairly confident that I wouldn’t end up in a runaway bride skit, because I’m not Richard Gere!

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Can you de-complicate personal finance?

Dear investor Challenge,

Why are your posts always so damn complicated. You keep posting numbers and graphs, but I’m not a numbers girl, unless of course you’re cute in which case my number is 555… Why don’t you come out with some financial advice for dummies like me? I want finance de-complicated.

The names Blonde, Jane Blonde.

Good call miss Blonde. You know, I think this whole industry is built around making people believe finances are only for accounting nerds, or worse, actuaries, but to be quite honest, there’s nothing complicated about it at all. In fact, I’m pretty certain that all the experts and snake oil salesman specifically designed it as a giant smoke screen to keep you thinking it’s complicated so they can keep their high paying jobs, six figure bonuses and holiday homes in Umhlanga, all thanks to the money they take from us while we’re not paying attention. Mark my words, the only interest the majority of financial product sales people have in your wealth, is in how much of it they can transfer to themselves as fees for a service probably badly rendered.

Ignore them. Everything you need to know is so simple anyone can take control of it. So here it is, the three most important rules of personal finance: Continue reading

Can you retire before 40?

I have a great job, but I'd rather be here...

I have a great job, but I’d rather be here…

It all comes down to how much money you need. If you can live on R178 500 a year, or R14 875 a month, then it’s easy. Need more than that? Well if you’re married, you can double that, and more than likely not double your costs. You should hopefully be sharing a room with your spouse, and even if you’re a massive snorer, renting a two bedroom house is still way cheaper than renting two one bedroom houses. Also you can most likely survive with one car post retirement. With all your new free time it would be a good time to start getting around by bicycle. That will also mean you’ll spend far less on health related items. Could you and your significant other live together on R357 000 a year or R29 750 a month? Well you should be able to, after all that’s far more than most South African households live on

So why did I pick those numbers? Continue reading

The Compounding Story of the Doctor and the Model

Anyone for a Hot Doc?

Anyone for a Hot Doc?

Once upon a time there were twin girls living in the beautiful city of Cape Town. While they were twins, they had very different personalities. Alyssa was carefree and adventurous, while Rachael was responsible and level headed. Due to the gift of good genetics, both were also really beautiful, and very smart. So beautiful and so smart, that both were accepted into medical school, and also offered modelling contracts.

Now here’s where the lives of these two girls took a detour. You see Rachael knew that she wouldn’t be able to start modelling and do well at med school, so she decided to focus on her studies, the responsible choice, her family was very proud. Alyssa on the other hand managed to convince her parents that as you only live once, you should take opportunities to go and see what life is all about. And so they went off in their different life paths as soon as school finished. Continue reading