Recent content by Wikus_Rikus

  1. W

    How much money do you earn? And how do you spend it?

    I do need to explore endowments and get comfortable on the options out there. My lack of trust in providers, insurers, and their fees blinds me a bit to doing this, and especially explore with my bonus portion. CGT been just using the thresholds to up base cost. You intrigue me with the idea...
  2. W

    How much money do you earn? And how do you spend it?

    Tax on my salary would require my compensation to be dealt with differently by the company. Carry or equity could get me there, or dividends from trusts, but none of these are options at my current employ and not for me to structure unfortunately. RA already maxed, and S12J is gone, so not much...
  3. W

    How much money do you earn? And how do you spend it?

    very nice - and with a bond too. You spend a fraction on food compared to us! , but definitely travelling more in fine clothing :)
  4. W

    How much money do you earn? And how do you spend it?

    no kids, married. Yes, sending kids to private school and university, plus needing a bigger home etc, would definitely cut into the savings we've achieved. 80%+ discretionary. Little tax structuring available as an employee. But do get tax advice on structures for investments.
  5. W

    How much money do you earn? And how do you spend it?

    Blinked and another year passed! We had a good busy year, gross up by 6% and bonus up in line with base, puts us at just shy of R4m. Taxman takes between 30 and 40% of that though and tax is now by far the largest expense category and close to 2x our expenses. monthly: Food (Groceries +...
  6. W

    How much money do you earn? And how do you spend it?

    it does - hence need to ensure that choosing to work hard makes financial sense, or is fulfilling.
  7. W

    How much money do you earn? And how do you spend it?

    Yes, either that, or figure out how to keep making a decent increase in NW. It's when you work 50+ hours to increase the NW 3% and if you work 80+ hours you'll make 30% more to get to a 4% increase that you lose all motivation.
  8. W

    How much money do you earn? And how do you spend it?

    Very nice - I made some good returns on coastal property a long time ago now. A lot of work indeed for a guest house. Did you run it yourself? It would have to be outsourced for me and then I'd have trust issues/ or wouldn't have the time. That being said, I keep my eyes open for own...
  9. W

    How much money do you earn? And how do you spend it?

    No, kids would've never been a retirement plan. although it likely will be that way for us with aging parents I guess. Probably started saving a lot because I wanted to get to 25x. Now save because I want to increase the net worth by a meaningful amount (>10% a year would be good - although I...
  10. W

    How much money do you earn? And how do you spend it?

    So a year later update to this one- Gross got increased by inflation. Bonus was good at close to 100% of base for the year, Total base+bonus was around R3.5m, but taxman made me cry. Expenses per month: Food (Groceries + eating out): R16k Home (Household expenses, Utilities, levies, domestic...
  11. W

    How much money do you earn? And how do you spend it?

    Here's a thought experiment to help show the importance of compounding and the benefits of capital growth. Assume a reasonable equity return 12% annual growth rate on investments (CPI+5%). Blend of JSE and offshore indices over past decade would have achieved that, no crypto. In a 6 year...
  12. W

    How much money do you earn? And how do you spend it?

    Sadly no lottery, no inheritance and likely will need to support them somewhat, grateful our parents are still with us. Middle-class/public school upbringing, but, definitely lucky to be born where I could attend a decent model C school and university.
  13. W

    How much money do you earn? And how do you spend it?

    Market observable assets only, so listed equities, RA, interest, REITs. Besides personal residence I've sold a few investment properties in prior years but hold none now. Only the house plus liquid assets, so no cars/furnishings/etc included. The difference looks like it's down to a few...
  14. W

    How much money do you earn? And how do you spend it?

    Thanks, noted. You can drop me investment ideas any time :).
  15. W

    How much money do you earn? And how do you spend it?

    Thanks, I agree. I have a plan B in terms of having the Europe citizenship as an option, whereas many friends left as soon as they had secured a job offer. Having the plan B is also a curse though, because it's an illusion and may cause you to stay too long. I agree on your views about being...
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