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I turned 30 on the 28th of Feb and this year I decided to celebrate my Birthday differently. Here are the 30 financial ideas I learnt along the way that shaped and continue to shape my life as I journey for my Financial Freedom. A thread

#FinancialHealth2020
#FinancialFreedom
1. BUDGET! BUDGET!
This is the best way to keep track of your CashFlows. Technology has made life easy: you can find it in most Financial Apps or Google the template & create one for yourself. Always remember that you spend what is left after Savings, not the other way round
2. Be very realistic with your expenses, don’t under or over allocate funds to them. If you not sure how much you need for a certain expense, give yourself 3 months to track your spending then after you should have a figure to put down.
Read 40 tweets
ETF101 - Always read the Minimum Disclosure Documents(MDD). They tell you what companies countries and sectors make up the ETF.

If you are thinking of adding a new ETF to your portfolio, compare that with what you already have, and see if adding the new ETF adds any real value..
Example 1: ETF issuers
The main issuers have global ETFs that track the "MSCI World Index", therefore holding more than 1 of the following offers no benefit (diversification or otherwise)
1nvest MSCI World
Satrix MSCI World
Sygnia Itrix MSCI World

Just pick 1 and buy more of it
Example 2: S&P 500
All the following track the "S&P 500 index"
Sygnia Itrix S&P 500
Satrix S&P 500
CoreShares S&P 500
1nvest S&P 500

Again, no real benefit to holding more than 1 of the above.
Just pick 1 and buy more of that preferred ETF
Read 9 tweets

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