Savings achievement sparks fire to help youth

Cape Town – A Fin24 user shares how he through sheer commitment managed to save R14 869 in just over 12 months.

Tshepo “Dj @ Large” Kgapane, 25, writes: “Growing up, my parents always instilled money lessons to me and my sibling. We always had to work hard and save to get the things we wanted, although our parents could afford almost anything.

Saving and planning for the future was a constant theme in their lessons and advice. Books like the Richest Man In Babylon also began shaping my mind and views about money.

After completing my BCom Law at Wits in February 2015, I got my dream job at YFM working as a radio personality. I soon realised that the entertainment industry is one of uncertainty and instability. There aren’t pension funds and medical aid benefits.

This is the main reason why many South African celebrities pass on without any money or assets, but debts.

I then decided that from my first salary onwards I would start saving 20%. I set up a Satrix 40 and Old Mutual Max investment account. Twelve months later, I had a combined savings of R14 869.

In 2016, I decided to start investing and saving more for my future and started using Easy Equities to trade and buy shares on the JSE. I realised that I am very passionate about saving and investing. So I started developing an idea called The Youth Money Circle. An event aimed to better equip the youth by bolstering their financial literacy in an engaging manner.

The event is finally coming to life! I will be hosting it in partnership with The Purple Group.

The Youth Money Circle is not a seminar, conference or workshop, but an informal and unconventional dialogue and debate around youth wealth accumulation, savings and financial literacy, through the sharing of information and ideas. The Youth Money Circle is a free, but limited attendance event. The event will target 33 to 45 youths between the ages of 18 to 30.

These will be young professionals, graduates, entrepreneurs, influencers and dreamers. The event will be held at St. Stithians College in Sandton, on 20 August 2016. The Stokfela App, Just One Lap, The South African Savings Institute, The Society and the JSE Challenge have also come on board to assist me with my vision.”

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