The Personal Development & Financial Independence Thread

FiestaST said:
Honestly I question why I still sub to this person:

www.youtube.com

Itumeleng Moloto

I’m a qualified Management Accountant with a passion for helping ordinary people take control of their finances, grow their wealth, and achieve financial freedom. Whether you're tackling debt, investing for the future, or building multiple income streams, I break down complex money topics into...
www.youtube.com www.youtube.com

Poor English aside the financial advise given would make Capt Obvs proud.

I guess the only reason is the case studies of follow Saffas ie. how much they earn, how they spend and/or invest.
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I also only follow her to see how other ppl live, earn & spend their money.
 
yogidabear said:
If you want a financial adviser look here https://www.galileocapital.co.za/get-started/

They are the only company that were actually willing to assist me as an independent investor.

One of the founders is warren ingram who has a lot of useful information online https://www.youtube.com/@honest_money

Does anybody have a recommendation for a portfolio tracker that I can use to input my unit trusts and get nice graphs and growth percentages? Allan Gray reporting is not what I am looking for.
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i did contact them but at over R1000 an hour I did not think I was going to get my worth
 
Sepeng said:
Invested time sure. I've got a mentor I'd say. Well more than one really but one "formal" one in that we meet once a month, every two months for dinner, talk life, professional stuff. It's someone I respect and I reached out to them to do something like this and they were happy to. Basically someone that gives a different perspective on things, keeps me honest in terms of goals, what I'm trying to do in life and all that. For example I'm too narrow/ limited in how I view certain things - I'm not great at bigger picture thinking in certain respects; they help me with things like this. Sure I've got other people I can talk to about this but that doesn't always happen the way it should - I find this brings a bit more structure and focus to it all. Now to tie it back to financial stuff, while I can crunch the numbers on investments and all that, I'll talk to this person about bigger trends in the world - pharmaceutical, climate, whatever.
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this sounds awesome!

this was a senior person you met at work and then asked to mentor you?
 
ronz91 said:
this sounds awesome!

this was a senior person you met at work and then asked to mentor you?
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Met them through work, company we did some stuff with; not exactly in those words but pretty much yeah.
 

The One Thing is a book and philosophy I strongly align with.
She explains it pretty well.
 
Got a R140k odd loss I need to swallow so being financially free or a little more comfortable will have to wait a little bit
 
Hello! I’m 20 years old & need advice:
Is it worth taking out a credit card at my age? I currently have a Fusion account with FNB with a 1k (overdraft?) limit & a car, so credit score is quite good, but I wonder if a credit card will boost it & help long term?

FNB is offering me one with a 100k limit. I have no intention of using it and just want to know if simply having one would help.
 
SkillBeatsAll said:
Hello! I’m 20 years old & need advice:
Is it worth taking out a credit card at my age? I currently have a Fusion account with FNB with a 1k (overdraft?) limit & a car, so credit score is quite good, but I wonder if a credit card will boost it & help long term?

FNB is offering me one with a 100k limit. I have no intention of using it and just want to know if simply having one would help.
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Well if you don’t use it then it won’t mean much for the credit score.

The overdraft will already do the same job anyway.

Rather stay clear of it and get a cellphone contract or the like.

Finance your first car and then you should be golden.

A bank giving a 20 year old a 100k limit is the real shocker here.
 
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SauRoNZA said:
Well if you don’t use it then it won’t mean much for the credit score.

Rather stay clear of it and get a cellphone contract or the like.

Finance your first car and then you should be golden.
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Was stupid changing the age of majority to 18 in South Africa.
 
SkillBeatsAll said:
Hello! I’m 20 years old & need advice:
Is it worth taking out a credit card at my age? I currently have a Fusion account with FNB with a 1k (overdraft?) limit & a car, so credit score is quite good, but I wonder if a credit card will boost it & help long term?

FNB is offering me one with a 100k limit. I have no intention of using it and just want to know if simply having one would help.
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That FNB credit card is free so why not?
 
Pho3nix said:
Got a R140k odd loss I need to swallow so being financially free or a little more comfortable will have to wait a little bit
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A expected windfall that was supposed to close the bond so can close all my other debts and just be left with car and house. Family needs a holiday though so might do that first after all the kak from the 1st quarter of the year. Cash position will be a bit better from June also to kill the car by Jan next year.
 
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