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Harnessing the co-operative power of Stokvels as millennials!

When some young people hear the words “stokvel”, they immediately start thinking of an outdated system used by our grannies to buy groceries, raise funds or bury loved ones. Yet young people harness co-operative financial power all the time. Let me explain. I was recently at a club and watched a group of my peers nervously studying their bill. One of them whipped out their phone and started making calculations. It was Algebra at its best. After the imbizo of…

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Financial Literacy Month Should Matter To The Youth, But It Doesn’t

It’s disheartening as a young black South African that my peers know more about Beyonce’s twins than they do about their finances. During Financial Literacy Month last year, I attended the Money Expo 2016. The entrance was free and a large contingent of financial institutions and organisations were exhibiting different products and services. In addition, there was a range of diverse speakers engaging on a variety of financial topics. My mind was stimulated. All that knowledge in one arena. During…

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Investing 101 – Part 1, Getting started!

Investing in shares sounds like a daunting task that requires one to have a PHD in money, but that’s not the case! Investing can be easy, fun and profitable. The feeling of watching a share grow in value is unbelievable. For an example, in 2002 had you invested R10 000 in Capitec on the day it listed in at R1.80 a share, that investment would be worth nearly R4.2 million. So what are you waiting for? There’s money to be…

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Attitude adjustment

To become WEALTHY, you must be willing to INVEST the money you have TODAY, that others DON’T invest, in order to afford the things TOMORROW, that others WON’T. An attitude adjustment is needed!!! South Africans are trapped by a consumption mentality. We want everything NOW! Clothes, cars, houses, holidays and gadgets. We at times, want these things to show people that we are living and doing better than them. As a result, we end up working, living and breathing to…

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